INDIAN EQUITY MARKET WRAPUP-28 FEB 2015

INDIAN EQUITY BENCHMARKS  rose in a volatile trading session after the government delivered a federal budget with investment-friendly measures, including a delay in tax avoidance rules for foreign investors and a cut in the corporate tax rate. The S&P BSE Sensex and CNX Nifty ended 0.48%-0.65% higher each.

·Arun Jaitley Presents Union Budget 2015 .
·Initial reaction to Union Budget 2015-16: Infra push but no big-bang reforms.
·India to cut corporate tax to 25% over 4 years.
·FM: Defers anti-tax avoidance rules by 2 years.
The crucial resistance for Nifty is now seen at 8995 and above this 9025. Support for the immediate term is now placed at 8925 and next support will be 8885.
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TOP CORPORATE NEWS -28 FEB 2015

·Budget announces bank to fund small entrepreneurs
India will set up a bank to facilitate funding for the small entrepreneurs that make up the backbone of the country's economy, Finance Minister Arun Jaitley said in his budget speech on Saturday.
The MUDRA Bank will refinance microfinance institutions under a Prime Ministerial scheme, he said, allocating Rs200 billion ($3.24 billion) to the plan.
·India to cut corporate tax to 25% over 4 years
India will reduce tax on businesses to 25% over 4 years from a current 30%, with a view to boosting spending and job creation, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.
·FM: India to meet fiscal deficit target this year
India will meet a 'challenging' fiscal deficit target of 4.1% of its gross domestic product ( GDP) in the year to March 31, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.
·India to spend $40 billion on defence in 2015-16
India plans to spend Rs2.46 trillion ($40 billion) on the defence sector in 2015-16, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.           

·Bhushan Steel enters into sale & lease back arrangements
Bhushan Steel Ltd has entered into sale & lease back arrangements of its Oxygen plants situated at Company's Steel Division, Meramandali Orissa to ease out stress in Cash flow- positive for the stock
·Mahindra CIE to close a forging facility in Europe
Mahindra CIE has decided to close one of its forging facility in Europe i.e. Jeco-Jellinghaus GMBH based in north west Germany. The machines and equipment would be shifted to other locations in a phased manner. The closure will impact 160 employees. The company would be taking a one-time restructuring cost during the year.
·NBCC signs MoU with DDA
National Buildings Construction Corporation ( NBCC) signed MOU with DDA for development of 'East Delhi Hub' at Karkardooma. The East Delhi Hub, mega project of Delhi will be developed on 30 hectare land and it would be the first project based on Transit Oriented Development (TOD) norms and Smart City features.
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HIGHLIGHTS OF INDIAN GENERAL BUDGET 2015-16

India's gross domestic product in the fiscal year 2015/16 is expected to grow between 8 and 8.5 per cent, Finance Minister Arun Jaitley said on Saturday when presenting the government's first full-year budget.
Here are the highlights of Jaitley's budget for the fiscal year that begins on April 1.
* Fiscal deficit seen at 3.9 per cent of GDP in 2015/16
* Will meet the challenging fiscal target of 4.1 per cent of GDP
* Remain committed to meeting medium term fiscal deficit target of 3 per cent of GDP
* Current account deficit below 1.3 per cent of GDP
* GDP growth seen at between 8 per cent and 8.5 per cent year on year
* Aiming double digit growth rate, achievable soon
* Expects consumer inflation to remain close to 5 per cent by March, opening room for more monetary policy easing
* Expects to implement goods and services tax by April 2016
* Will need to build additional 100,000 km of road
* Have to keep fiscal discipline in mind despite need for higher investment
INFLATION
* Expects consumer inflation to remain close to 5 percent by March, opening room for more monetary policy easing
POLICY REFORMS
Allocates 346.99 billion rupees for rural employment guarantee scheme in 2015/16 * To bring a new bankruptcy code in 2015/16
TAXATION
* Expects to implement goods and services tax by April 2016
INFRASTRUCTURE
* Will need to build additional 100,000 km of road
* Investment in infrastructure will go up by Rs. 70,000 crore in 2015/16 over last year
* Plans to set up national investment infrastructure fund
* Proposes tax-free infrastructure bonds for projects in roads, rail and irrigation projects
* Proposes 5 ultra mega power projects for 4,000 MW each
* Second unit of Kudankulam nuclear power station to be commissioned in 2015/16
SUBSIDIES
* We are committed to subsidy rationalisation based on cutting leakages
UNIVERSAL SOCIAL SECURITY SCHEME
* Arun Jaitley has proposed the creation of a universal social security scheme for all Indians
EXPENDITURE
* If revenue improves, hope to raise budgeted allocations for rural job scheme by Rs. 5,000 crore in 2015/16

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Sensex surges 197 points, Nifty up 50 points on hopes of growth-oriented Budget

The S&P BSE Sensex was trading higher by over 190 points on continued capital inflows and increased buying by retail investors ahead of Budget 2015-16 slated to be announced later in the day.
Bulls are hoping "Budget 2015" to be a game changer for the economy and market. All eyes are on the fiscal deficit number. Finance Minister "Arun Jaitley" is expected to remain committed to the path of fiscal consolidation.
At 10.45 am, the S&P BSE Sensex was trading higher by 197.03 points or 0.67 per cent at 29,417.15 and the CNX Nifty was trading up by 49.9 points or 0.56 per cent at 8,894.50.​

Top BSE gainers were Tata Steel, BHEL, HDFC, L&T and GAIL, while the major losers were Hero MotoCorp, Cipla, Wipro, Coal India and Hindalco.
Bank of Baroda, Tata Steel, BHEL, DLF and GAIL were the top five Nifty gainers, while the major losers were HCL Tech, Lupin, BHEL, Hero MotoCorp and Cipla.
Barring auto and healthcare, all other BSE sectoral indices were trading in the green. Among them, realty index was up 2.53 per cent, followed by capital goods 2.01 per cent, power 1.24 per cent and banking 1.22 per cent, while auto index was down 0.11 per cent and healthcare 0.09 per cent.
The Nifty opened 58 points up at 8,903, while the Sensex opened 191 points up at 29,411.
Oil and gas shares are gaining. ONGC is up 1.2%, RIL and GAIL are up 0.4%. 
Metal stocks are trading mixed. While Sesa Sterlite and Tata Steel have gained 1.5% and 1% each, Hindalco is down 

Capital Goods stocks are trading firm. BHEL and L&T have gained around 3% and 2% each. Defence Ministry shortlisted a consortium of Tata Power-Strategic Electronics Division (SED) and L&T for the battlefield management project.  Tata Power is up 1.4%.
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INDIAN EQUITY MARKET OUTLOOK -28 FEB 2015

INDIAN BENCHMARKS are likely to open on a positive note ahead of long awaited Union Budget which will be presented by Finance Minister Arun Jaitley.
Events for the day:
Union Budget 2015
Headlines for the day:
Alstom makes country's first 800kV converter transformer.
Amitabh Bachchan raises stake in Fineotex Chemicals to 5.58 pc.
Coffee's hot as IPO could value Cafe Coffee Day at $1 billion.
Trend in FII flows: The FIIs were net buyers of Rs 1957.10 cr in the cash segment on Friday while the DIIs were net sellers of Rs. -491.93  cr, as per the provisional figures released by the NSE.
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INDIAN EQUITY MARKET WRAPUP -27 FEB 2015

INDIAN BENCHMARKS rise nearly 2 pct ahead of federal budget
INDIAN EQUITY BENCHMARKS  rose nearly 2 percent their best single-day advance in six weeks, as blue chips rallied on hopes the government would deliver a budget that increases public investment but sticks broadly to its fiscal deficit targets. The S&P BSE Sensex and CNX Nifty ended 1.65%-1.85% higher each.                                                                                                                                  
·Railway Budget 2015-16: On the right track for a long journey
·S&P raises India’s GDP growth forecast to 7.9%
·January gold imports jump 55% to 57.2 tons (YoY)
·Economic Survey - Growth to top 8% in 2015-16
The crucial resistance for Nifty is now seen at 8905 and above this 8955. Support for the immediate term is now placed at 8810 and next support will be 8765.
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GENERAL INDIAN BUDGET 2015 PRESENTED BY MR. ARUN JAITLEY

This is to inform you that 28-02-2015 is very important day for us because Today is General Budget Presented by Indian Financial Minister "Mr. Arun Jaitley".
It shall be first full year budget presented by the current Government.
The Vibrant new government of Honorable Prime Minister "Mr. Narendra Damodardas Modi" has a lot of expectations riding on it and this budget is expected to be a road map for the economy and what segments would be growth drivers the futures.
Mr. Jaitely has a lot tailwinds that seem to be helping him this year

Reduction in Subsidy bill to the tune of Rs.30,000/- CRS in FY-16 due to fall in Crude prices.Revenue Increase in the tune of Rs.60,000/- CRS in FY-16 due to 4 Consecutive hikes in the Exice Duty.We believe with the fall in Petrol and Diesel Prices, India as a country is saving Rs.48,000/- CRS (0.4% of GDP) which should come back as incremental investment and consumption into the system.

• Fall in Crude Prices should make India a BOP Surplus Economy.
• Falling Interest Rate Regime.
• Investing Private Capital.
• Investments Which will help boost the GDP growth Rate.

The Trade off the face to either focus on :

• Following the fiscal consolidation road map by achieving 3.6% deficit, or work with a 4.1% fiscal deficit number and allocate the extra money to various planned expenditures.

Budget Expectations :

• We Expect the F.M. to take the more aggressive stance and take measures to improve growth
• A 4.1% deficit target to free $20-25 billion for additional plan expenditure.The policy stance highlighted from the allocations to various plan expenditures to act as a catalyst in increasing investment and growth cycle.

Sectors to Outperform in 2015 :

•  Banking and financial service companies
•  Manufactured exports segments such as textiles and auto ancillaries
•   Cyclical and interest sensitive stocks

Infrastructure : EPC, Defense, Renewables, Ports (Infrastructure should outperform now with renewed government focus and investments, despite the recent business problems and struggling balance sheets).
Overall Corporate earnings are expected to grow by around 15-20%. However , mid cap earnings growth are will outperform the broader markets, Which is why despite the current premiums; they are expected to outperform growing forward.

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TOP CORPORATE NEWS -27 FEB 2015

·Sadbhav Engineering bags Rs459 crore NHAI project
Sadbhav Engineering has won the bid for a NHAI project worth Rs459 crore for four-laning a section of National Highway-65 (NH) in Haryana.Four-laning of Ambala-Kaithal section from 56.860 kms to 95.360 kms (length 44.50 kms) in the state of Haryana of NH-65 with paved shoulder under National Highway Development Project (NHDP) on EPC mode.The quoted price is Rs459 crore and the construction period is 2.5 years with a maintenance period of four years.
·Garware Polyester redeems CRPS as OTS
Garware Polyester announced that the company has redeemed 54,46,000-0.01% cumulative redeemable preference shares ( CRPS) of Rs100 each aggregating to Rs54.46 crore issued and allotted to IDBI Bank by paying Rs40 crore as One Time Settlement ( OTS) in full and final payment of the said CRPS.
·Govt plans to hike public investment to drive growth
India can increase public investment to drive growth without borrowing more, a key government report said on Friday, in an indication that Finance Minister Arun Jaitley will stick to debt targets in his maiden full-year budget on Saturday. The economic survey, the basis for Jaitley's budget for the fiscal year starting April 1, forecast the economy would grow by 8.1-8.5% under a new calculation method that makes India the world's top-growing big economy.
·India can boost investments, hit borrowing targets
India can increase public investments and still hit its borrowing targets, a finance ministry report said on Friday, in an indication that Finance Minister Arun Jaitley will stick to debt targets in his maiden full-year budget on Saturday. The government should meet its medium-term target of lowering the fiscal deficit to 3% of gross domestic product(GDP),the economic report said.                                                                                                                                                                                                                                                  
·Glenmark to set up new injectable plant in US
Glenmark Pharma is gearing up set up a new injectable facility in US. The new manufacturing facility will be added to the plant at Monroe in North Carolina, the construction of which was started in August 2014. The total investment is expected at Rs160 crore ($26 million).
·DLF promoters ask to pay penalty of Rs85 crore by SEBI
DLF promoters asked to pay penalty of Rs85 crore by SEBI for violation of disclosure guidelines for not disclosing certain material information and facts in its IPO document  – negative for DLF (though the company would contest the decision in tribunal).
·State Bank of India gets shareholders nod for raising Rs15,000 cr
State Bank of India (SBI) has received shareholders' approval for raising Rs15,000 crore through a public offer, including a rights issue, to fund business and meet global capital adequacy norms.
The capital raising could happen either in March 2015 or Q1FY16 (as per media reports) and is subject to condition that  governments holding in bank does not fall below 52%.
·C Mahendra announces launch of "Eight in One" jewellery concept
C Mahendra Exports announced the launch of a revolutionary 'Eight in One' detachable jewellery concept to the market. The Group will be launching new product range via its retail stores and online presence that form part of Ciemme Jewels, which is a subsidiary of C Mahendra Exports. The launch of the niche jewellery products allows the Group to reinforce its presence as an innovator and pioneer in high-end and exotic diamond jewellery.
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SENSEX SURGES 233 POINT , L&T UP NEARLY 4% ON NSE

At 11.40 a.m., the Sensex was trading higher by 233.03 points or 0.81 per cent at 28,797.68 and the 50-share NSE index Nifty was trading up by 75.65 points or 0.87 per cent at 8,759.50.
Top five Sensex gainers were L&T 4.04%, Tata Power 3.68%, Hindalco 3.01%, Coal India 2.73% and SSLT 2.69%, while the top five losers were ITC 2.25%, GAIL 1.27%, TCS 0.99%, Wipro 0.81% and HUL 0.6%.
Larsen & Toubro led the pack on the NSE at midmorning on Friday. At 10.55 am it held gains of 3.95 per cent at Rs. 1,744.25. The share had closed Thursday’s session at Rs. 1,678.05.
Tata Power was also on a firm wicket, trading at Rs. 85.90. This represented a gain of 3.87 per cent on its overnight close at Rs. 82.70.
Sesa Sterlite rode up 2.95 per cent at Rs. 214.40. The share had ended yesterday’s session at Rs. 208.25.
IDFC also built gains of 2.95 per cent to quote at Rs. 169.20. The share had ended the previous session at Rs. 164.35.
Hindalco Industries spiked up 2.84 per cent at Rs. 154. The share had closed the overnight session at Rs. 149.75.
The Dow Jones industrial average fell 10.15 points or 0.06 per cent to 18,214.42, the S&P 500 lost 3.12 points or 0.15 per cent to 2,110.74 and the Nasdaq Composite added 20.75 points or 0.42 per cent to 4,987.89.
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INDIAN EQUITY MARKET OUTLOOK - 27 FEB 2015

INDIAN BENCHMARKS are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 34 points higher.
Events for the day:
Bloomberg Feb. India Economic Survey.
Fiscal Deficit INR Crore.
Headlines for the day:
BEL-Rolta consortium bags defence contract worth Rs50,000 cr.
Bharti Airtel raises Rs1,925 cr from stake sale in tower unit.
Power Grid seeks $500 million loan from World Bank.
Trend in FII flows: The FIIs were net buyers of Rs 2312.15  cr in the cash segment on Thursday while the DIIs were net buyers of Rs. 340.79  cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY -26 FEB 2015

STOCK FUTURES:

FUTURES INTRADAY

CENTURY TEXTILE  FUTURES BUY CALL 2  TGT (BOOKED AT 506.85)

SIEMENS  FUTURES BUY  CALL 2  TGT 

HDFC  FUTURES BUY CALL 2  TGT

BATA INDIA  FUTURES SELL CALL 1 TGT

PREMIUM FUTURES

NIFTY FUTURES:

NIFTY FUTURES SELL CALL 2 TGT (BOOKED AT 8671.15)

OPTION:

HDFC 1340  BUY CALL  3 TGT

STOCK CASH:

STOCK CASH INTRADAY:

TATAELXSI  BUY  CALL 2 TGT

SUNPHARMA  FOOD SELL CALL 2 TGT 

SINTEX BUY CALL 1 TGT

COX & KINGS  SELL CALL 1 TGT

GEOMETRIC LTD   SELL CALL 1 TGT  (BOOKED AT 137.50)

LUPIN LTD BUY CALL COST EXIT

TATAELXSI  BUY  CALL SL TRIGERRED

STOCK CASH PREMIUM:

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INDIAN EQUITY MARKET WRAPUP -26 FEB 2015

INDIAN BENCHMARKS fall nearly 1 pct on profit-taking, derivatives expiry
INDIAN EQUITY BENCHMARKS  fell 1%  led by profit-taking in software stocks such as Infosys Ltd, while caution also prevailed on expiry of derivative contracts and federal budget on Saturday. The S&P BSE Sensex and CNX Nifty ended 0.90%-0.95% higher each.                            
·Initial reaction to Rail Budget: Big on vision but lacks specifics
·Freight rates hiked for coal, cement, iron & steel
·Suresh Prabhu Presents Rail Budget 2015
The crucial resistance for Nifty is now seen at 8775 and above this 8850. Support for the immediate term is now placed at 8665 and next support will be 8625.
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TOP CORPORATE NEWS -26 FEB 2015

·RBI permits overdrafts to be treated as priority sector advances
RBI decided that overdrafts extended by banks upto Rs 5,000 in Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts will be eligible for classification under priority sector advances (‘others’ category) as also weaker sections, provided the borrowers household annual income does not exceed Rs60,000 for rural areas and Rs1,20,000 for non-rural areas.
·Glenmark gets USFDA nod to sell generic blood pressure drug
Glenmark Pharmaceuticals today announced receipt of approval from the US health regulator to sell its generic version of AbbVie Inc's blood pressure drug Tarka in the American market.
The approval for trandol april and verapamil hydrochloride extended release tablets has been granted to Glenmark Generics Inc, a subsidiary of Glenmark Generics Ltd.
·DLF's sales booking to cross Rs3000 crore this fiscal
DLF's sales bookings will cross Rs3,000 crore this fiscal helped by better sales during this quarter in its two housing projects at Gurgaon. It has done sales bookings of about Rs1,900 crore in the first nine months of this fiscal.
·Cabinet approves implementation of 15,000 MW for solar projects
The Cabinet approved for implementation of the scheme for setting up of 15,000 MW of grid-connected solar photo voltaic power projects under the National Solar Mission, which will be executed by NTPC.
As these capacities would be grid-connected, it could add to the demand for green transmission corridor; hence positive for T&D EPC players like Kalpataru power & KEC International.
·Dr Reddy’s labs: US seeks information on drug pricing mechanism
Dr Reddy’s labs: US legal authorities seek information on drug pricing mechanism (sentimentally negative).Attorney Generals of Texas and California have separately sought information on pricing of some drugs sold by Dr Reddy's Laboratories in the US, according to the latest filing for the drug maker with SEC.
·RBI technical committee moots rate cut post budget
RBI technical committee moots rate cut post budget – sentimentally positive for banks and NBFCs. RBI's seven member technical advisory committee has advised for a rate cut post Budget. While 4 members suggested status quo on rates, 3 members recommended a reduction in policy repo rate (and one of members recommended 75 bps cut in repo rate).
·Government to cut annual fertiliser subsidy to Rs70000 crore
As per media reports government is likely to cut its annual fertiliser subsidy to around Rs70000 crore (4% lower than previous year) in budget proposals for FY15-16.View: This will not impact the financials of the companies as the International price of fertilizer are already trading on the lower side.
·Impact of Budget on Railway Stocks
The impact of Budget on Railway Stocks announced today (February 26, 2015) are as follows: Rail Stocks Gainers: Hind Rectifiers up 6.87%, Kernex up 4.94%, Bartronics up 3.61% Titagarh Wagons up 2.90%, BEML up 2%, IVRCL Infra up 1.70%.Rail Stocks Losers: Stone India down 1.83%, GDL down 0.78%, Kallindee down 0.64%.
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SENSEX END 261 POINT LOWER; IT, FMCG SHARE DRAGE

Market ended lower following the expiry of February derivative contracts with IT majors leading the decline along with defensive pharma and FMCG shares. The 30-share Sensex provisionally ended down 261 points lower at 28,747 and the 50-share Nifty ended down 83 points at 8,684.Benchmark indices have extended losses in the late noon trades as market participants become wary ahead of the F&O expiry. Also, the Railway Budget announcement, which acts as a precursor to the Union Budget, failed to lift the sentiments of the domestic investors.
At 3 PM, the Sensex is down 284 points at 28,724 whereas the Nifty has lost 87 points at 8,680.
Top losers on the 30-share Sensex include BHEL, Hindalco, Sun Pharma, Baja Auto and Infosys down between 1.6-3%.
The Indian rupee continued to extend gains against the US dollar ahead of the Union Budget and dollar selling by banks. The Indian currency was trading higher at 61.88 to the US dollar compared to previous close of 61.96.
IT exporters were among the top Sensex losers on the back of the strengthening rupee. Infosys, TCS and Wipro were down 1-2% each.
Reliance Industries along with infrastructure stocks such as BHEL and L&T  were among the top Sensex losers.

Coal India was down 1.6%, Hindalco, Tata Steel, Sesa Sterlite 1-2.7% each.
Among rail-related stocks, Texmaco Rail was down 2.4%, Texmaco Infra was up 1%, Cimmco was down 4.6%, Kalindee Rail down 1.6%. However, Zicom was up 7% on plans to install surveillance cameras in suburban trains to improve women's safety.

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EQUITY NAVs DECLINE AS MARKET END FLAT

Equity Mutual Funds closed in red as the market closed flat on Wednesday after the sell-off in last hour of trade, ahead of expiry of February derivative contracts and Railway Budget. The volatility in last few sessions suggests that investors continued to be cautious ahead of the Union Budget (to be presented on Saturday). Performance wise, all the funds in the equity category barring Index fund closed in negative terrain. Among sectoral funds, FMCG and Technology Funds whereas Banking & Finance and Pharma & Health care funds succumb under market pressure. The 30-share BSE Sensex had rallied 265 points intraday before closing with gains of just 3.33 points at 29007.99. The 30-share NSE Nifty failed to hold the 8800-mark, rising 5.15 points to close at 8767.25. However, the BSE Midcap and Small cap indices ended marginally down. Among fixed income funds, both Long term and Short term funds maintained steady performance.
Equity diversified: Top gainers 
Mirae Asset Global Commodity Stock Fund - Regular Plan (G) up 1.02%
Tata Growing Economies Infrastructure Fund - Plan A (G) up 0.65% 
Religare Invesco Mid N Small Cap Fund (G) up 0.47%
Equity diversified: Top losers
Sahara Midcap Fund (G) down 0.94% 
Franklin India Growth Fund (G) down 0.93%
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INDIAN EQUITY MARKET OUTLOOK - 26 FEB 2015

INDIAN BENCHMARKS are likely to open on a cautious note as the global cues look slightly unsupportive with SGX Nifty trading 3 points lower.
Headlines for the day:
·IFCI declares 10% interim dividend.
·Bharti Airtel selling up to $415 million in shares of tower unit.
·Jet Airways lowers its fare on international routes.
·DLF's sales booking to cross Rs3,000 cr this fiscal.
Trend in FII flows: The FIIs were net buyers of Rs 516.06 cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 19.70  cr, as per the provisional figures released by the NSE.
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TOP CORPORATE NEWS -25 FEB 2015

·Budget 2015: Better Tax laws is all one needs
Finance Minister Arun Jaitley is set to deliver his first full Budget which can create history for Indian economy. India’s tax regime has been characterized as complicated, short sighted and fickle. Tax rates change and new taxes are levied almost every new year. This year, the finance minister must simplify the tax code and lay down a broad framework of tax policies that will endure for 5-10 years.
·Budget 2015: All eyes on Investment in Infra and execution of GST
Finance Minister Arun Jaitley is set to deliver his first full Budget which can create history for Indian economy.The government expenditure must be directed towards long-term growth-generating avenues such as roads, railways, and ports development and affordable housing. Government expects investment to the tune of $250bn in the power sector.
·SpiceJet surges on clearing tax dues post stake buy
Shares of debt ridden carrier SpiceJet surged 5% to Rs25.30 on BSE on reports of clearing tax dues post stake buy.SpiceJet cleared all tax dues of Rs100 crore a day after the company received its first tranche of investment of Rs400crore from Mr. Ajay Singh (for stake buy of 58.46% from Kalanithi Maran) – sentimentally positive for SpiceJet.
·Metal shares gain post Chinese economic data
Metal & Mining companies rose, after the data showed that China's flash HSBC PMI index rose to 50.1 in February 2015 compared with a final reading of 49.7 in January 2015. The preliminary HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to 50.1 in February 2014 compared with a final reading of 49.7 in January 2015, HSBC Holdings PLC said today, (February 25, 2015).
·Jubilant Food Works rises on tie up with Indian Railways
Shares of Jubilant Food Works, which operates the Domino's Pizza brand in India, have climbed 3% to Rs1714 on the BSE after the company declared that it has tied up with Indian railways to deliver pizzas to the passengers. The stock opened at Rs1676.90, touched a high of Rs1719 and a low of Rs1668 intra-day.
·Asian Paints gains on investment plans in new plant
Asian Paints' rose over 1%, touching to Rs812, after the company said it is exploring the possibilities of setting up of a paint manufacturing plant in the southern states of the country.
·Central Bank may review priority sector norms
As per media reports, RBI is set to revise the priority sector lending norms in order to make the targets more achievable for banks. A formal announcement on the issue will be made by Finance Minister during the Budget speech. This would be positive for banking sectors especially private banks (Yes Bank, ICICI bank, Axis Bank etc) as they find relatively difficult to meet PSL norms.
·Government faces stiff opposition on Land Bill
Government face stiff opposition on Land Acquisition ordinance – Sentimentally negative for Infrastructure sector.The government came under fire from opposition over land acquisition ordinance. The finance ministry assured that the government would consult all parties on sensitive issues.
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SENSEX SURGES 206 POINT ON BUDGET HOPES , FIRM GLOBLE CUES

The benchmark BSE Sensex was trading higher by over 200 points due to firm global cues and on hopes of a growth-oriented Budget.
The market continued to see buying interest with the Nifty holding 8800-mark supported by banking & financials, oil & gas and metals stocks.
The 30-share BSE Sensex rose 167.87 points to 29172.53 and the 50-share NSE Nifty climbed 51.10 points to 8813.20. At 10.35 a.m., the 30-share BSE index Sensex was trading up by 205.92 points or 0.71 per cent at 29,210.58 and the 50-share NSE index Nifty was trading higher by 62.65 points or 0.72 per cent at 8,824.75.
All BSE sectoral indices were trading in the green. Among them, oil & gas index gained the most by 1.18 per cent, followed by realty 0.96 per cent, IT 0.87 per cent and TECk 0.82 per cent.
Major Sensex gainers were Infosys 1.84%, ONGC 1.73%, HDFC 1.58%, Bharti Airtel 1.43% and M&M 1.41%, while the top five losers were HUL 0.43%, Dr Reddy's 0.34%, Sun Pharma 0.22%, GAIL 0.15% and Hero Moto Corp 0.14%.
Asian stocks rose on Wednesday, taking their cues from Wall Street’s gains after Federal Reserve Chair Janet Yellen suggested the Fed would not rush into raising interest rates.

Japan’s Nikkei stock average added 0.1 per cent after closing at a fresh 15-year high in the previous session.
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INDIAN EQUITY MARKET OUTLOOK -25 FEB 2015

INDIAN BENCHMARKS edged higher as investors churn portfolio in favour of defensive stocks such as ITC Ltd on caution ahead of an event-heavy week. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.08% higher each.                      
Headlines for the day:
·HOEC soars on stake buy reports.
·Rail shares plunge ahead of Budget 2015.
·Indian hotel industry revenues to grow by 9-11% in FY2016.
Trend in FII flows: The FIIs were net buyers of Rs 697.28  cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. -146.98  cr, as per the provisional figures released by the NSE.
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CS ROCKING PERFORMANCE OF THE DAY -24 FEB 2015

STOCK FUTURES:

FUTURES INTRADAY

WOCK PHARMA  FUTURES BUY CALL 3  TGT

WOCK PHARMA  FUTURES BUY 2ND CALL 2  TGT 

TVS MOTORS  FUTURES SELL CALL 2  TGT

PREMIUM FUTURES

NIFTY FUTURES:

NIFTY FUTURES BUY SL TRIGERRED

OPTION:

ADANIENT FEB  BUY 690 CALL 3 TGT

STOCK CASH:

STOCK CASH INTRADAY:

ITD CEM  BUY CALL 3 TGT

SUN TV  BUY  CALL 2 TGT

INFINITE COMPUTERS  BUY CALL 2 TGT

JUBILLANT  FOOD BUY CALL 2 TGT (BOOKED AT 1672.95)

JUBILLANT  LIFE SCIENCES BUY  CALL 1 TGT

WOCK PHARMA BUY CALL 1 TGT

WOCK PHARMA 2ND BUY CALL 1 TGT

STOCK CASH PREMIUM:

ADANIENT BUY CALL 2 TGT

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INDIAN EQUITY MARKET WRAPUP -24 FEB 2015

INDIAN BENCHMARKS edged higher; defensive stocks up
INDIAN EQUITY BENCHMARKS  edged higher as investors churn portfolio in favor of defensive stocks such as ITC Ltd on caution ahead of an event-heavy week. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.08% higher each.
 ·HOEC soars on stake buy reports.
·Rail shares plunge ahead of Budget 2015.
·Indian hotel industry revenues to grow by 9-11% in FY2016.
The crucial resistance for Nifty is now seen at 8845 and above this 8895. Support for the immediate term is now placed at 8695 and next support will be 8615.
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TOP CORPORATE NEWS - 24 FEB 2015

·Pokarna receives Greenguard and Greenguard Gold Certification
Pokarna announced that its 100% subsidiary, 'Pokarna Engineered Stone' products have received Greenguard and Greenguard Gold Certification from UL Environment, a division of UL (Underwriters Laboratories), the global safety science leader. PESL is the first Indian Quartz surfaces manufacturer to have Greenguard and Greenguard Gold Certification.
·Piramal plans to invest $800 mn in realty projects
Piramal Fund Management Ltd, a unit of Piramal Enterprises Ltd, will invest up to Rs5000 crore ($803 million) before March 2016 to finance construction projects.
The fund manager said on Tuesday it would invest Rs1100 crore to finance nine construction projects across major Indian cities.
·Budget 2015: To announce incentives for medical devices sector
After relaxing FDI policy for medical devices sector, the government is expected to announce an incentive package, including tax benefits, in the forthcoming Budget for domestic manufacturers.
In its Budget proposals, the Commerce and Industry Ministry has suggested to Finance Minister Arun Jaitley to increase import duty on medical devices product, including syringes and pacemaker.
·Indian hotel industry revenues to grow by 9-11% in FY2016
ICRA: The Indian hotel industry revenues are expected to grow by 9-11% in FY2016 (driven by 5-8% growth in occupancy and 3-4% growth in the room rentals), the growth is expected to be 5-8% - positive read through for Indian Hotels, Taj GVK and ITC’s hotel business.
·Sumeet Inds to set-up 10.5 MW Wind Power Plant; stk up
Sumeet Industries rose over 10%, touching to Rs20.4, after the company said that it is going to setup 10.5 megawatts wind power plant. Sumeet Industries announced that the Company is going to setup 10.5 MW (5 nos. of Turbine of 2.1 MW each) Wind Power Plant at a Capital Cost of Rs77.51 crore and for the said project IDBI Bank has sanctioned Rs57.75 crore.
·ABB India marks sales of 1Gw of solar inverters
ABB India today became the first company to reach sales of a cumulative capacity of 1Gw solar inverters. This was marked with the roll out of an order for Tata Power Solar's project for Kiran Energy Solar Power at its manufacturing facility at Nelamangala, about 45 kms from here.ABB India commenced local manufacturing of solar inverters in 2012 and partnered with several customers, the company said at a function, here today.
·Ashok Leyland promoters release pledge on 26.4 crore shares
Ashok Leyland promoters have released pledge on 26.4crore (9.28% of equity) shares. The number of pledged shares now stands at 21crore (7.36% of equity). Sentimentally positive for the stock.
·Infosys gains on fresh investment plans
As per media reports, Infosys  is about to make its second
startup investment this year, in a firm that makes air quality detectors as India's second-biggest software company doubles down on identifying next generation technologies under the new CEO Vishal Sikka.
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SENSEX , NIFTY DOWN ; MARUTI GAIN 1%

The Sensex is down 14.73 points at 28960.38 and the Nifty down 5.35 points at 8749.60. HUL, ITC, NTPC, L&T and Coal India were the top gainers during the session on the Sensex. ONGC, SSLT, Tata Steel, Tata Motors and Reliance Industries were the top losers. The rupee strengthened by 5 paise to 62.27 against the dollar at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks.
Car market leader Maruti Suzuki today launched refreshed version of its popular compact sedan Dzire with introductory prices ranging from Rs 5.07 lakh to Rs 7.81 lakh. The stock is up 0.8%. Shares of Maruti Suzuki gained 1 percent intraday as brokerage house CLSA maintains buy on the stock with a target price of Rs 4400.
Sesa Sterlite is down 2.3% on profit booking.  

Indian pharmaceutical company, Cipla has been awarded US$188.95 million of the Global Fund Tender for anti-retroviral (ARV) drugs. The stock was up 0.7%.
SpiceJet up 3% as Ajay Singh takes full control, new ticket discount scheme The market is still flat.  

State-owned Coal India (CIL) is gearing up to invest about Rs 6,000 crore towards capital expenditure in the next fiscal and an equal amount on augmenting other infrastructure, including rail connectivity. Stock was up 0.7%.
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INDIAN EQUITY MARKET OUTLOOK -24 FEB 2015

INDIAN BENCHMARKS are likely to open on a cautious note as the global cues look slightly supportive with SGX Nifty trading 12.50 points higher.
Headlines for the day:
Maruti launches refreshed Dzire with enhanced fuel economy.
Zee Media gets Sebi's nod for Rs200 cr rights issue.
Edelweiss NBFC arm's Rs800-cr NCD issue to open on Feb 26.
Trend in FII flows: The FIIs were net buyers of Rs 601.91 cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. -163.79  cr, as per the provisional figures released by the NSE.
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