Wednesday, 30 May 2018

These 20 stocks witnessed a FII trend reversal in Jan-Mar quarter; do you own any?

Sector-wise, FPIs bought into financials (non-banking financial companies and private bank), IT and metals and sold autos, utilities, state-run banks, energy and consumer staples.

Foreign institutional investors (FIIs) have turned cautious on Indian equities in 2018 due to increasing commodity prices, rise in US treasury yields, strengthening dollar-rupee, deteriorating macro-economic parameters and fluid political environment.
So far, FIIs have withdrawn over Rs 7,000 crore and nearly Rs 17,000 crore from equity and debt markets in May, respectively, according to data from Securities and Exchange Board of India. FIIs have turned net sellers in February, April and May.
Rising borrowing costs in the US, amid appreciation of the dollar-rupee, has put emerging market assets under pressure and will cap foreign portfolio investor flows into emerging markets, including India, Elara Securities said in a report. “Given the high valuation, weak corporate earnings and macro headwinds, we expect FPI equity flows to remain weak in Q1 FY19.”
In the quarter-ended March, FPIs remained net buyers of Indian equities to the tune of $2 billion as compared to $2.5 billion quarter-on-quarter. The net buying was largely due to participation in the primary issuance (qualified institutional placement, rights, preferential issuance) of Housing Development Finance Corporation (HDFC), Tata Steel and Idea Cellular.
The quarter also saw a reversal in FPI buying momentum (two consecutive quarters of buying followed by a quarter of selling) in M&M Financial Services, Idea Cellular, RBL Bank, Hindalco, Crompton Consumer, Torrent Pharma, among others, the report stated.

Monday, 21 May 2018

Sensex, Nifty Subdued In Opening Trade; Mid-Caps Under perform

Century Textiles Falls, UltraTech Gains After Century Agrees To Merge Cement Business

Shares of Century Textile fell as much as 9 percent while UltraTech Cement surged as much as 4 percent after the former decided to carve out its cement business and merge it with India’s largest cement maker as it looks to pare debt and focus on its real estate business.

Ultratech will get three integrated cement units of Century Textiles in Madhya Pradesh, Chhattisgarh and Maharashtra with a total capacity of 11.4 million tonnes per annum and a grinding unit in West Bengal of 2 mtpa. The transaction is subject to necessary approvals and is likely to be completed within 6-9 months.Enterprise value of the grinding unit stands at Rs 536 crore or $40 per tonne.Enterprise value of its cement plants stands at Rs 8,085 crore or $106 per tonne.The deal does not consider the upcoming 1.2 mtpa cement plant and 0.7 mtpa clinker

Indian equity benchmarks were trading on a subdued note as gains in State Bank of India, ICICI Bank and Tata Steel were offset by losses in Maruti Suziki, Infosys and Sun Pharma.
The S&P BSE Sensex fell 0.22 percent or 78 points to 34,770 and the NSE Nifty 50 index declined 0.21 percent or 21 points to 10,575.
Sixteen out of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Auto index's 0.74 percent drop. On the flipside, the S&P Basic Materials index was the top gainer, up 0.14 percent.

The mid- and small-cap shares were underperforming their larger peers as the S&P BSE MidCap index declined 0.6 percent and the S&P BSE SmallCap index fell 0.4 percent.

Wednesday, 16 May 2018

Sensex opens down 166 pts, Nifty breaks 10750 on global weakness

Most Asian stocks traded lower following a down day for Wall Street as the US 10-year Treasury yield rose to 3.09 percent overnight.

May 16, 9:26 AM (IST)
Buzzing: Indiabulls Real Estate share price gained more than 6 percent ahead of board meeting to consider share buyback proposal.
The real estate company informed exchanges that a meeting of the board of directors will be held on May 18 to consider the proposal of buyback of equity shares.
It further said in terms of SEBI regulations and Code of Conduct for Prevention of Insider Trading of the company, the trading window for dealing in securities of the company has been closed and will remain closed till May 20, 2018.
May 16, 09:20 AM (IST)
Market Opening: Benchmark indices opened sharply lower, following weak trend in global stocks and uncertainty over formation of government in Karnataka.
The 30-share BSE Sensex was down 166.25 points at 35,377.69 and the 50-share NSE Nifty declined 54.20 points to 10,747.70.
Nifty Bank fell 184 points as PNB plunged 10 percent.
Lupin, Power Grid, Tata Steel, Tata Motors, TCS and Tech Mahindra were early gainers.
Titan Company, Bajaj Finserv, ICICI Bank, Axis Bank, Cipla, HPCL and SBI were under pressure.
Nifty Midcap was down 83 points. Reliance Communications, Jaypee Infratech, MRPL, Shakti Pumps, PI Industries, Syndicate Bank, Allahabad Bank, Karnataka Bank, Bajaj Hindusthan and IDBI Bank were down up to 8 percent.
Endurance, Crompton Consumer, Indiabulls Real Estate, Bhushan Steel, IRB Infrastructure and Ashok Leyland gained up to 7 percent.
May 16, 09:15 AM (IST)
Rupee Update: The Indian rupee recovered sharply after opening 7 paise lower, trading higher by 18 paise at 67.89 against the US dollar.
May 16, 09:14 AM (IST)

Market Outlook: Abhinav Gupta , President, Capital Markets, Share India Securities said index seems to be at the cross roads as Tuesday's intraday reversal could be beginning of further corrective action. Besides, weaker global cues and sluggish rupee added to the subdued sentiments on the bourses. Brace up for more volatility ahead. Below 10,780, Nifty would test sup of 10,720-10,680. Resistance is at 10,880.

May 16, 09:12 AM (IST)

Rupee Update: The Indian rupee slipped further on Wednesday. It has opened lower by 7 paise at 68.14 per dollar.

In the previous session rupee ended at 68.07 (down 56 paise from Monday's close), a lowest level since January 2017 post BJP fell short of clear majority in Karnataka.

Anand James, Chief Market Strategist at Geojit Financial Services said, "With food and fuel prices pushing CPI higher, rupee’s weakness has hastened, sinking to 16-month low. Political uncertainty after the Karnataka elections also did not help."

"RBI’s recent minutes had also revealed a hawkish bias, and the firm inflation now agrees with the same. To this end, oil’s trajectory for the rest of the month and trade balance figures for April would be crucial as market weighs RBI’s take on the rates," he added.

May 16, 09:10 AM (IST)

PNB's NPAs are now more than its net worth: The country’s second-largest state-owned lender Punjab National Bank achieved a dubious distinction. It became the first major bank in the country whose net worth fell below the amount of non-performing loans on its books.

As on March 31, the bank had net non-performing loans totaling over Rs 48,000 crore on its books, against a net worth of around Rs 41,000 crore.

To be sure, PNB is not the first bank in the country to have witnessed this kind of misfortune. Smaller public sector banks like Oriental Bank of Commerce, Dena Bank, Union Bank of India and UCO Bank, among others, have already crossed that bridge.

But the fact that a lender the size of PNB, which has loans of around Rs 4.33 lakh crore on its books, has deteriorated to such an extent that it has more bad loans than it is worth is a point of concern.

Tuesday, 15 May 2018

Karnataka exit polls to vex stock market as majority seen eluding Modi

India’s equities, rupee and bonds posted modest gains Monday as exit polls signaled that majority may prove elusive for Prime Minister Narendra Modi’s Bharatiya Janata Party in elections in a key southern state. 

At least four polls, including Today’s Chanakya, which accurately predicted Modi’s victory in 2014 elections, showed the BJP as the single largest party winning between 95 to 120 seats in the 224-member Karnataka assembly. The incumbent Indian National Congress - also the main federal opposition party -- is seen bagging 72 to 99 seats. free trading tips
“Margin of victory is the most important factor and with the exit polls indicating all kinds of permutations and combinations, the markets are definitely going to be volatile,” said Avinash Gorakshakar, head of research at Mumbai-based Joindre Capital Services Ltd. “Having said that, a conclusive BJP win can push the Nifty above 11,000 this week and a Congress victory can see the gauge drop as much as 400 points.” 

The equities benchmark S&P BSE Sensex rose 0.2 percent to 35,602.84 as of 10:22 a.m. in Mumbai, with volume on the NSE Nifty 50 Index 34 percent below the 30-day mean for this time of day. The Indian rupee added 0.1 percent to 67.2375 per dollar. Sovereign bonds halted three days of declines, with the benchmark yield dropping two basis points. 

Investors fear an inconclusive verdict could prompt the federal government to take populist measures to shore up public support ahead of nationwide elections in 2019. Markets will cheer an outright win for BJP as a vindication of a slew of reform measures -- including a nationwide sales tax and a funding plan for state-owned lenders -- that prompted the first sovereign rating upgrade from Moody’s Investors Service in 14 years. 
Exit Polls predict that the Janata Dal (Secular), a regional party led by former Prime Minister H.D. Deve Gowda, will be kingmaker in case of a hung assembly in Karnataka, which has a population equivalent to that of France. 

An India Today-Axis Poll pegged Congress as the front-runner winning as many 118 seats while Times Now VMR exit poll also predicted BJP finishing second. Both saw JD(S) finishing third. 

“Exit polls are all over the place,” said Anindya Banerjee, a foreign-exchange analyst at Kotak Securities Ltd. in Mumbai. “In case, the BJP forms the government, it will be a positive development for the rupee, which is already one of the worst performing currencies in the emerging market basket in 2018. It will reduce some of the political risk premium.” 

The Sensex and the Nifty each climbed 1.7 percent on March 14 last year, a day after the BJP sealed a thumping victory in Uttar Pradesh, the nation’s most populous state. Votes for Karnataka ballot, that took place on Saturday, will be counted on May 15. 

After Karnataka, the BJP will lock horns with the Congress in at least five state elections -- including Rajasthan, Madhya Pradesh and Odisha -- before the national polls in 2019. 

The Sensex has climbed 49 percent since the BJP in May 2014 won the biggest mandate in three decades, while the rupee has slid more than 13 percent. 

Friday, 11 May 2018

Top 4 short-term trading strategies | IDEAL STOCK

Nifty has strong support at 10,689 levels

 a break out will take it to 10,630. On the upper side, the index will face a hurdle at 10,785 levels. A crossover will take it to 10,825 levels,"

Nifty future closed Thursday 0.41 percent lower at 10,725. On the option front, maximum Put open interest is seen at 10,500 followed by 10,600 strike, while maximum Call OI is seen at 11,000 followed by 10,900 strike.
Put writing is also seen at 10,700 while Call writing is seen at 11,000 followed by 10,900 strikes. Option data suggests an immediate trading range between 10,650 and 10,850 zones.
India VIX moved up 1.09 percent to 14.43. It has been moving upwards for the last eight consecutive sessions from 12.02 to 14.43 levels. Build-up of long positions were seen in Hexaware Technologies and Oil and Natural Gas Corporation (ONGC) while shorts build up were seen in Federal Bank, Ambuja Cements, Oriental Bank of Commerce, Voltas, Dr Reddy's Laboratories, Bharat Heavy Electricals (BHEL), Siemens, SRF and Union Bank of India.

Nifty has strong support at 10,689 levels, a break out will take it to 10,630. On the upper side, the index will face a hurdle at 10,785 levels. A crossover will take it to 10,825 levels.

Bank Nifty has support around 26,055 levels. A break out will take it to 25,954-25,880 levels while 26,267 will act as resistance, a crossover of which will take it to 26,365 levels.

Stock strategies

Monsanto India: The stock is looking good on daily chart. Buy between Rs 2760-2750 with a stop loss of Rs 2715. On the upper side, the stock may go up to Rs 2845-2850 levels in next 5-7 days.

Satin Creditcare Network: The stock has given strong upward break out on daily chart with volume. Buy between Rs 413-410 with a stop loss of Rs 404. On the upper side stock may go up to Rs 432-435 levels in next 5-7 days.

Derivative Strategy (Time period: Till expiry)

Oil and Natural Gas Corporation: Buy May future between Rs 189-187 with a stop loss of Rs 184.5 for an upside target of Rs 198-200.

Bharti Airtel: Buy May future on dips around Rs 411-408 with a stop loss of Rs 403 for an upside target of Rs 427-432.

Thursday, 10 May 2018

Would like to continue as transport minister if NDA wins 2019 elections, says Gadkari

Talking about achieving the target of building 41 km of highways per day, Gadkari said that at present we are doing 28 km per day and before March-end, we will complete 40-45 km per day

Talking about achieving the target of building 41 km of highways per day, Gadkari said that at present we are doing 28 km per day and before March-end, we will complete 40-45 km per day
The Modi-government is expected to open two key infrastructure projects this month. On May 26, the much-awaited Eastern Peripheral Expressway (EPE), envisioned to decongest the National Capital, is likely to be inaugurated by the Prime Minister.
The day on which the government completes four years in power will also see the first phase of Delhi-Meerut expressway being opened to the public.
Counting these projects as milestones, Roads and Highways Minister Nitin Gadkari told Moneycontrol Economy Editor Gaurav Choudhury that the rest of the Delhi-Meerut expressway, which will connect the two locations in 40-45 minutes, will take at least one more year for completion.
He named Zojila bypass tunnel, costing Rs 6,000 crore, and Indian ports making profits to the tune of Rs 7,000 crore as other infrastructure achievements.
Talking about achieving the target of building 41 km of highways per day, the Union Minister said at present we are doing 28 km per day and before March-end, we will complete 40-45 km per day which will fulfill the target.
In another important highway project that will connect the National Capital, Delhi, to the financial capital, Mumbai, Gadkari said the government is making the highway with a new alignment that will help save Rs 16,000 crore on land acquisition and reduce the Delhi-Mumbai distance by 125 km. The Vadodara to Mumbai phase of the project is expected to start within 15 days costing about Rs 45,000 crore.
“Alignment is now in the final stage, we will start the land acquisition, but for the other package, we will start the work. It is not my commitment, but my target is to complete this project within three years,” he said.
While Gadkari is confident of commencement of commercial operations of seaplanes by December-end, on the Clean Ganga front, he said by March 2019, at least 80 percent of Ganga will be clean.
The minister claims at least 1 crore direct and indirect jobs have been created by his ministry.
Keeping 2019 general elections in mind, he said if the NDA returns to power, he would like to continue as the transport and highways minister, but the decision would rest with the Prime Minister.
Edited excerpts:
Q. What has been the biggest achievement of your ministry and the government, overall?

A. As far as my ministry is concerned, on May 26, the Prime Minister is going to open the two express highways of the country. One part is of Delhi-Meerut, between Delhi and Dasna. That is a 14-lane road, where 2.5 meters on both sides are reserved for a cycle track. At the same time, we are now inaugurating the Delhi Ring Road, which is the eastern peripheral, which is going to reduce 50 percent traffic jam and pollution of Delhi because the people coming from Kashmir, Punjab, Haryana, Himachal, Uttarakhand, Rajasthan, Uttar Pradesh…going from one state to another state, you have to go through Delhi. So now, they do not need to come to Delhi. So, this is going to reduce 50 percent pollution and the traffic jam of Delhi.

Then we have a state-of-the-art project in Arunachal Pradesh, a big bridge, already inaugurated by the Prime Minister. Then a big tunnel between Jammu and Srinagar, 9.5 km. And on May 19, Prime Minister is going to have a big function in Ladakh that is for Zojila bypass tunnel of Rs 6,000 crore. So, these are the achievements of my ministry. But there are a lot of achievements. All our ports are in good profits — this year, our profit will be Rs 7,000 crore; the first year, it was Rs 3,000 crore, the second year it was Rs 4,000 crore, the third year was Rs 5,000 crore and the fourth year, this is Rs 7,000 crore. And we increased the efficiency by two times.
Q. You just said that the Prime Minister is going to inaugurate the first phase of the Delhi-Meerut Highway. By when can we see the completed project? From Delhi to Meerut was the promise.

A. This is the first package we are going to inaugurate, but the other part, it will take at least one year more. Work is going on very fast and presently it takes three-and-half hours from Meerut to Delhi. It will take 40-45 minutes.

Q. When you took over the ministry, you had set a target of building 41 km of highways per day. What has been the record? And what do you intend to achieve in the last year in power?

A. Presently, at the end of March, we are at 28 km per day. Next year, before March-end, we will complete 40-45 km per day. So my 40-km declaration, the target, 101 percent we are going to fulfill that target next year.

Q. What has been the most difficult challenge or constraint in building highways in India?

A. In India, there are all kinds of constraints. But I always have a philosophy that there are some people who convert problems into opportunities and there are some people who convert opportunities into problems. My problems are good opportunities for me. And it is the success of my department. It is not only my success, it is a team success. My secretary, my engineers, my chief engineers, National Highways Authority (NHAI) people, National Highways & Infrastructure Development Corporation Limited (NHIDCL) people, those who are working hard day and night. So, it is a success of collective team spirit that we have fantastic results.

Q. You have talked about building a new Delhi-Mumbai Highway in a new alignment bypassing the current highway that passes through Rajasthan and Gujarat. Can you elaborate on that?

A. The most interesting thing is this is the highway which is going from the backward area of Rajasthan, Haryana, Madhya Pradesh, Gujarat, and Maharashtra. This will start from Delhi. It goes to Jaipur Ring Road; from the Ring Road, it goes to Alwar, from Alwar to Sawai Madhopur. Sawai Madhopur to Vadodara in Gujarat. And Vadodara to Mumbai.

The first time, the land acquisition cost, just for example, from Mumbai to Delhi, the present road is Ahmedabad, Surat, Vadodara. We calculated that cost comes to Rs 7 crore per hectare. But now, because of this new alignment, the cost is coming to Rs 70-80 lakh per hectare. We save Rs 16,000 crore on land acquisition and we are going to reduce the Delhi-Mumbai distance by 125 km. Out of which, Vadodara to Mumbai, all packages, already we tendered and giving appointment dates. So, projects of Rs 45,000 crore within 15 days, we will start. So, alignment is now in the final stage, we will start the land acquisition, but the other package, we will start the work. It is not my commitment, but my target is to complete this project within three years. Let us see what happens.

Q. So effectively, by 2021 if all goes well, we should be able to travel by road from Delhi to Mumbai in 12 hours?

A. Yes.

Q. You had also been pushing for electric mobility but the Niti Aayog had a completely different view. Where are we in the plan?

A. First of all, we do not have any differences with Niti Aayog. Actually, we are on the same line. We have started charging stations. In my own constituency in Nagpur, we have 200 electric cars and we have 20 charging stations. Now, electric bus, electric bike, electric auto rickshaw, everywhere the production is in very fast mode. And I am confident in due course of time, India will have bio-fuel, can be ethanol bike, ethanol auto rickshaw, ethanol buses, electric buses, then methanol biodiesel and bio-CNG. Now in Ganga, we have 100-125 biodigester where we get methane. And from methane, bifurcate methane from CO2, we get bio-CNG. So we are going to sign an agreement with Indian Oil to start making bio-CNG in every project and to run buses on bio-CNG.

Q. I will take you to a different topic now. In December, in Gujarat, the Prime Minister disembarked from a seaplane and it has been one of your pet projects. By when can we expect seaplanes to start commercial operations in India?

A. The airport authorities have to finalise the rules and regulations and they are in the final stages. After their decision, we will immediately call tenders.

Q. Your ministry calls it a seaplane and the Aviation Ministry has given another name for it. Who will be framing the regulations?

A. At present, the Aviation Ministry is preparing the rules and regulations. After that, there will be a joint coordination between the two ministries and we will start this project.

Q. Staying on this topic, an amphibious bus that was brought into Mumbai actually ran into serious opposition from environmentalists.

A. I don’t understand as a committee is there. Actually in Mumbai, due to traffic, a lot of pollution is there. By using the sea route, we can reduce the pollution. All over the world, there are all types of the catamaran, hovercraft, and seaplanes being used. I don’t understand why people are opposing it. Amphibious buses are being used in Vancouver, USA, Stockholm, Sweden, and Singapore.

Q. Can we expect seaplanes top start operations by December?

A. Yes, before December ends, we will start this venture and I am confident about it meeting this deadline.

Q. Which rivers or water bodies are you targeting to start operations?

A. There are a lot of opportunities in Ganga and Brahmaputra. We have 7,500 km of the seafront and 20,000 km of river length. There are also many dams and we can use all these. We can make a river or seaport and I feel there is a lot of untapped potentials there.

Q. You had also said that by March 2019, around 80-90 percent of the Ganga will be cleaned up. But if you travel to various parts of Uttar Pradesh and Bihar, it comes across as a very ambitious target. How confident are you about your goal?

A. For this reason, I decided to call a press conference on Ganga. Out of 189 projects, 47 projects are already completed. Only 5-10 projects may be there facing hurdles but they are in the process. So I am confident that by March 2019, at least 80 percent of Ganga will be clean.

Q. Including stretches like Kanpur?

A. In Kanpur, we are doing nine projects and in Patna, we are doing 11 projects. In Varanasi, we are doing 4-5 projects. Work is going on in all these projects.

Q. After the Dhola-Sadiya bridge, we also hear about a new 1,000 km expressway along the Brahmaputra’s north bank. Is it at DPR (detailed project report) stage. Any recent update on that project?

A. Yes, it is in process. We have already sanctioned projects worth than Rs 1.5 lakh crore for the North East. We have specially established the North East Road Construction Corporation and we are working at a brisk pace on it. There are some problems but we are giving highest priority for development of infrastructure in North East.

Q. You are also piloting the Rs 8 lakh crore Bharatmala project. Any major development on that front?

A. Up to the end of December, more than 50 percent of work will be done. Probably the first phase is of 24,000 km, with an estimated cost of Rs 7.5 lakh crore and I am confident that 50 percent of the project will be completed before the end of December.

Q. And the Sagarmala project?

A. In Sagarmala, we are expecting investment to the tune of Rs 16 lakh crore. Around Rs 4 lakh crore has been earmarked for port-road connectivity, port-rail connectivity, modernisation and mechanisation of port. We have completed a project worth Rs 1.3 lakh crore and are developing industrial clusters where there will be automobile cluster, petroleum cluster, furniture cluster, chemical clusters, five smart cities, etc. We are expecting investment to the tune of Rs 12 lakh crore, out of which we have started work more than Rs 1.5 lakh crore. Things are moving at a fast pace where we are expecting industrial investment in the port sector. It will be a great boost for employment generation in the country.

Q. This government has been battling criticism on the jobs creation front and all kinds of figures are being thrown around. Going by the implementation of infrastructure projects that you have listed out, by the sheer definition of infrastructure projects having strong multiplier effects of creating jobs, enough jobs should have been created in the infrastructure space. Do you have some data to share?

A. The construction equipment manufacturing industry has doubled its production and we have already awarded construction projects worth more than Rs 10 lakh crore. So we are creating jobs and I feel that at least 1 crore direct and indirect jobs have been created by my ministry.

Q. These jobs created over the last four years in various infrastructure projects have not been captured by the jobs data that has been put out by various agencies, isn't it?

A. We have already given all the details to the various agencies and have one report from IIT. When there is an investment of Rs 1,000 crore, it creates temporary jobs for one lakh people directly and indirectly. We are creating jobs for the youth and I am confident that my department will create at least one crore jobs.

Q. Your contribution in building the Mumbai-Pune highway is well known. In this context, which project would you like to be most remembered for?

A. The Delhi-Mumbai Express Highway is a big project and it is the first of the express highways in the country which entailed an investment of Rs 1 lakh crore. This project will benefit 5-6 states and it will be a great achievement for me. I can only give you the assurance that we will start work on this project before December-end.

Q. Assuming the NDA government gets a second term, would you like to continue with the same portfolio?

A. It is the privilege of the Prime Minister. But if he asks me, I will give my priority for this department because I have to fulfill my dreams.

Ideal Stock Investment Advisor is a SEBI Registered investment advisory (Registration No INA000008747) which basically provides the recommendations for Stocks- Cash and F&O traded in NSE and commodities bullion, metals and agro-commodities traded in MCX, NCDEX. We work with various kinds of strategies to delight the customers by providing continues profit in the market. We offer diversified range of services as per the investments of an investor, trader and broker. We strictly follow the basic principles of investment.

Wednesday, 9 May 2018

Sensex opens mildly lower, Nifty holds 10,700; OMCs take a hit

Equities have begun the day on a lower note, with the Sensex shedding around 50 points, while the Nifty held 10,700 in the opening tick. The market breadth was in favour of advances.
The Sensex is down 48.69 points or 0.14% at 35167.63, and the Nifty down 16.30 points or 0.15% at 10701.50. About 302 shares have advanced, 229 shares declined, and 59 shares are unchanged.
Selling is visible across all sectors, barring Nifty IT, which is trading over half a percent higher. Big cuts are visible in financial names, with Nifty Bank falling 0.40 percent. Midcaps too are trading lower.
OMC stocks have taken a hit on the back of higher crude oil prices. 

Monday, 7 May 2018

बाजार में तेजी बढ़ी, सेंसेक्स 200 अंक मजबूत, निफ्टी 10700 के करीब

नई दिल्ली.  ग्लोबल मार्केट से मिले संकेतों से सप्ताह के पहले कारोबारी दिन घरेलू शेयर बाजार की तेज शुरुआत हुई। अच्छी शुरुआत के बाद बाजार में बढ़त के साथ कारोबार देखने को मिल रहा है। कारोबार के दौरान आईटी औऱ फार्मा शेयरों में कमजोरी नजर आ रही है। हालांकि एफएमसीजी, मेटल, रियल्टी, बैंक शेयरों मे तेजी का रुख है। वहीं हैवीवेट एचयूएल, आईटीसी, आईसीआईसीआई बैंक, ओएनजीसी, एसबीआई, इंफोसिस, रिलायंस इंडस्ट्रीज शेयरों में बढ़त से मार्केट को सपोर्ट मिला है। फिलहाल सेंसेक्स 0.52 फीसदी और निफ्टी 0.60 फीसदी की बढ़त के साथ कारोबार कर रहा है।
इससे पहले, सेंसेक्स 68 अंक बढ़कर 34,984 के स्तर पर खुला। वहीं निफ्टी 35 अंकों की उछाल के साथ 10,653 के स्तर पर खुला।
मिडकैप, स्मॉलकैप शेयरों में खरीददारी
लार्जकैप शेयरों के मुकाबले मिडकैप और स्मॉलकैप शेयरों में अच्छी खरीददारी दिख रही है। बीएसई का मिडकैप इंडेक्स 0.30 फीसदी बढ़ा है, जबकि निफ्टी मिडकैप 100 इंडेक्स में 0.34 फीसदी की मजबूती आई है। बीएसई का स्मॉलकैप इंडेक्स 0.46 फीसदी चढ़ा है।
मिडकैप शेयरों में रिलायंस निप्पॉन, बैंक ऑफ इंडिया, डालमिया भारत, वर्लपूल, नेशनल एल्युमीनियम, क्रिसिल, क्रॉम्पटन, कैनरा बैंक, यूनियन बैंक, हैवेल्स, ओबेरॉय रियल्टी, फेडरल बैंक 1.55-3.19 फीसदी तक बढ़े हैं।
फार्मा शेयर गिरे, मेटल शेयरों में खरीददारी
शुरुआती कारोबार में फार्मा शेयरों में कमजोरी देखने को मिल रही है। एनएसई पर निफ्टी फार्मा इंडेक्स 1.47 फीसदी टूटा है। बैंक निफ्टी इंडेक्स 0.30 फीसदी बढ़कर 25,721.50 के स्तर पर कारोबार कर रहा है। हालांकि ऑटो इंडेक्स 0.43%, एफएमसीजी इंडेक्स 0.85%, आईटी इंडेक्स 0.29%, मेटल इंडेक्स 1.11%, पीएसयू बैंक इंडेक्स 0.82% और निफ्टी रियल्टी इंडेक्स 0.79% की मजबूती के साथ कारोबार कर रहा है।
FII ने की बिकवाली, DII रहे खरीददार
शुक्रवार के कारोबार में फॉरेन इंस्टीट्यूशनल इन्वेस्टर्स (एफआईआई) ने घरेलू शेयर बाजार में 1628.23 करोड़ रुपए के शेयर बेचे। वहीं डोमेस्टिक इंस्टीट्यूशनल इन्वेस्टर्स (डीआईआई) ने 1084.09 करोड़ रुपए के शेयर खरीदे।
अमेरिकी बाजार बढ़त के साथ बंद
टेक कंपनियों के बेहतर नतीजे से शुक्रवार को अमेरिकी बाजार बढ़त के साथ बंद हुए। डाओ जोंस 332 अंक बढ़कर 24,263 के स्तर पर बंद हुआ। वहीं नैस्डैक इंडेक्स 121 अंक चढञकर 7,210 के स्तर पर बंद हुआ। एसएंडपी 500 इंडेक्स 1.28 फीसदी की उछाल के साथ 2,663 के स्तर पर बंद हुआ।

Nifty seen above 10,650 | IDEAL STOCK

Market Live | Pre-opening rates point to a green start on D-Street:- 

ICICI Bank likely to post sharp 53% drop in Q4 net profit 
ICICI Bank is expected to post a sharp decline of about 52.7 percent in net profit for the fourth quarter ending March 2018. This is because of the bank's higher provisions towards bad loan losses.
The country’s largest private sector lender’s profit after tax as per a Reuters poll is estimated to be at Rs 955.7 crore, in comparison with Rs 2,024.60 crore in the same quarter a year ago.

Profits are likely to be hit because of high provisions for bad loans. The provisions are expected to jump by 146 percent year-on-year to Rs 7,131 crore, which would be doubled from the December quarter.
NII or net interest income is projected to be marginally lower by about 2 percent to Rs 5,832 crore from Rs 5,962 crore a year ago, the Reuters poll estimates.
On the other hand, non-interest income is estimated to more than double to Rs 6,711 crore, up 122 percent from Rs 3,017 crore in the year ago quarter. The sharp rise is likely from the proceeds of stake sale in its subsidiary ICICI Securities through the initial public offering (IPO).
Full year poll estimates
For the full fiscal 2017-18, the poll projects a net profit decline of 25.9 percent to Rs 7,256.9 crore versus Rs 9,801.1 crore in the financial year ending March 2017.
NII for the full year is expected to increase by six percent to Rs 23,061 crore as compared with Rs 21,737 crore last year.
Result estimates by other brokerages
Brokerage firm Sharekhan has projected net profit to drop by 34.7 percent to Rs 1,322 crore and a 5 percent rise in NII.
On similar lines, Motilal Oswal sees a 32 percent drop in ICICI Bank’s net profit to Rs 1,380 crore led by elevated credit costs towards meeting their provision coverage ratio for the insolvency accounts, as well as high slippages from other stressed accounts.
The brokerage house believes that asset quality of the lender may worsen, projecting a jump in gross non-performing assets (NPAs) to 9.8 percent during the quarter under review, from 7.89 percent a year ago and 7.82 percent in the previous quarter.
Percentage of net NPA may deteriorate to 5.20 percent, from 4.90 percent a year earlier and 4.20 percent in the December quarter.
ICICI Bank under controversy
The ‘too-big-to-fail’ bank’s CEO and managing director Chanda Kochhar has been under the media glare on alleged charges of nepotism involving links between her husband and promoter of Videocon Group, which is a defaulting borrower of ICICI Bank.
So far, the bank’s Board has backed Kochhar ruling out any conflict of interest or quid pro quo in the loan transaction saying it “reposes full faith” in her and that these were “malicious and unfounded rumours” being spread to “malign the bank.”
On May 7, the bank’s Board will meet to approve the financial results for the full year ending March 2018 and it remains to be seen if the issue would be discussed in the meeting. In addition, if Kochhar speaks, it would be her first interaction in public since the controversy first came to light on March 28.
Changes in the board
In a latest development, ICICI Bank appointed Radhakrishnan Nair as an additional (independent) director of the bank for 5 years.
Last month, Amit Agrawal who was serving as the government's nominee director on the board was replaced by Lok Ranjan, Joint Secretary, Department of Financial Services, without giving any reasons.
Since the allegations, the bank’s stock has recovered to the levels it was earlier trading at.
However, its subsidiary ICICI Securities has taken a major beating and has fallen over 17 percent since the shares listed on April 4, with a majority dip seen in the last one week owing to anchor investors trimming their stake in the company.

Friday, 4 May 2018

Nifty mildly higher in pre-opening trade; Ideal Stock

Benchmark indices were marginally higher in pre-opening trade despite global weakness.

Market Outlook: ICICI Securities said the benchmark indices continued to witness selling and slipped below 10,700 after struggling to move and sustain above 10,700 on Thursday. The Nifty finally ended around 40 points lower whereas the premiums in Nifty as well as Bank Nifty increased significantly. Selling was clearly visible in most heavyweights, which kept the index move in check whereas IVs rose by another 1.2 percent.
The research house feels the Nifty index is likely to remain under pressure with such high premiums. "Nifty futures settled at a premium of 32 points with a rise in IVs by 1.1 percent. The highest Put base is at the 10500 strike with 45 lakh shares while the highest Call base is at the 11000 strike with 59 lakh shares."

Technical Recommendations: We spoke to Way2Wealth Brokers Pvt. Ltd and here’s what they have to recommend:
Jindal Steel: Sell| Target: Rs 218| Stop loss: Rs 264| Timeframe 15 to 21 trading session| Return 9%Voltas: Sell| Target: Rs 570| Stop loss: Rs 665| Timeframe 15 to 21 trading sessions| Return 7%
ITC: Buy| Target: Rs 320| Stop loss: Rs 266| Timeframe 15 to 21 sessions| Return 12%
Stocks in news: PNB Housing Finance: Q4 consolidated net profit up 0.8 percent at Rs 219.2 cr; revenue up 9.1 percent at Rs 1,570 cr YoY
L&T Finance Holdings: Q4 profit up 30 percent at Rs 409 cr; revenue up 27 percent at Rs 2,748.34 crore YoY; gross NPA at 4.80 percent versus 5.49 percent and net NPA at 2.34 percent versus 2.87 percent QoQ
Vedanta: Q4 net profit up 34.3 percent at Rs 5,675 crore; revenue up 22.7 percent at Rs 27,630 crore YoY
Thirumalai Chemicals: Q4 consolidated net profit at Rs 39.7 crore versus Rs 19.1 crore; revenue up 7.9 percent at Rs 330.7 crore versus Rs 306.6 crore YoY; recommends stock split from Rs 10 to Re 1 and dividend of Rs 20 per share
Nucleus Software: Q4 net profit down 15.2 percent at Rs 17.3 crore; revenue up 10.3 percent at Rs 111 crore YoY
Trent: Q4 net profit down 53.8 percent at Rs 11.7 crore; revenue up 17.9 percent at Rs 528.7 crore YoY Q4 net profit up 90.9 percent at Rs 16.8 crore; revenue up 84.4 percent at Rs 84.4 crore YoY
HCC: Q4 consolidated loss at Rs 1,090 crore versus loss of Rs 982.6 crore; revenue up 2.7 percent at Rs 10,132 crore YoY
Emami: Q4 consolidated net profit down at Rs 60.9 crore versus Rs 83.3 crore; revenue up 8.2 percent at Rs 617 crore YoY; board approves bonus issue of 1:1
Moneycontrol News
Benchmark indices were marginally higher in pre-opening trade despite global weakness.
The 30-share BSE Sensex was up 19.05 points at 35,122.19 and the 50-share NSE Nifty gained 20.80 points at 10,700.50.
Ruchi Soya and PC Jeweller were gainers while HCC, Jet Airways, Sun Pharma and JSW Energy were under pressure.
Asian shares were marginally lower today.
The S&P 500 ended lower on Thursday after a choppy session as disappointing earnings reports from several companies offset strong economic data, said a Reuters report.
The Dow Jones Industrial Average rose 5.17 points, or 0.02 percent, to 23,930.15, the S&P 500 lost 5.94 points, or 0.23 percent, to 2,629.73 and the Nasdaq Composite dropped 12.75 points, or 0.18 percent, to 7,088.15.