INDIAN EQUITY MARKET OUTLOOK - 01 AUG 2016

Bullish start seen ahead of key macros

Indian Indices:

Indian equity benchmarks are set to witness a positive opening on Monday as progress on the crucial Goods and Services Tax (GST) bill bolsters the outlook for Asia’s third biggest economy, boosting risk taking appetite.

Gains in the CNX Nifty Index Futures for August delivery which advanced 0.53 per cent or 46 points at 8,733.5, at 10:25 AM Singapore time, signal that Dalal Street may open higher today. The much awaited GST bill has been listed by the Modi government for consideration and passage in Rajya Sabha's agenda for this week in the ongoing monsoon session of the Parliament.

Shares of HCL Technologies, Tech Mahindra, Indian Bank, Tata Power and GlaxoSmithKline Consumer Healthcare will be in focus this week amidst their April-June quarter earnings announcements.

Global Market:

Asian stocks were trading mixed today as a contraction in China’s manufacturing sector raised concerns over a slowdown in the world’s second biggest economy.

The official China manufacturing index fell to 49.9 in July from 50 in June. China’s Shanghai Composite plunged by over 1 per cent, Hang Seng rose and Japan’s Nikkei 225 logged modest gains even as a stronger yen curbed the lure for exporter stocks.

Wall Street ended mostly higher on Friday, helping the benchmark S&P 500 Index cap a fifth monthly gain as a smaller than expected gain in US Q2 GDP raised bets that the Federal Reserve may not be in a hurry to tighten interest rates.

Major Headlines of the day:

·       Petrol price cut by Rs1.42, diesel by Rs2.01 a litre

·       BPCL acquires 21% stake in FINO PayTech for Rs251 crore

·       Century Plyboards starts commercial production at Chennai unit

 Trend in FII flows: The FIIs were net sellers of Rs -14.02 Cr in the cash segment on Friday while the DIIs were net buyers of Rs 148.34 Cr, as per the provisional figures.

                                      

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

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

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

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

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

The Dow Jones industrial average ended down 0.13 percent at 18,432.24 while the S&P 500 gained 0.16 percent to 2,173.6. The Nasdaq Composite added 0.14 percent to 5,162.13. For the week, the Dow fell 0.75 percent, the S&P edged down 0.07 percent and the Nasdaq rose 1.2 percent. 

In July, the Dow rose 2.8 percent, the S&P climbed 3.6 percent and the Nasdaq surged 6.6 percent. 

Volume was strong as investors wrapped up July. About 7.3 billion shares changed hands on US exchanges, above the nearly 6.6 billion daily average over the past 20 sessions. 

On Friday, seven of the 10 major S&P 500 indexes were higher, led by a 1.33 percent rise in the telecoms services index. 

Baidu dropped 3.64 percent after the Chinese Internet search engine posted its biggest quarterly profit decline since going public. The stock weighed the most on the Nasdaq. 

Health insurer Cigna dropped 5.17 percent after reporting a lower-than-expected quarterly profit. 

Advancing issues outnumbered declining ones on the NYSE by a 1.68-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored advancers. 

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

                                           

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CS ROCKING PERFORMANCE OF THE DAY - 29 JULY 2016

STOCK FUTURES:

FUTURES INTRADAY:

AJANTAPHARMA FUTURES  BUY   CALL 3 TG

HAVELLS  FUTURES BUY CALL 2 TG

PREMIUM FUTURES:

NIFTY FUTURES:

OPTION:

APOLLOTYRE 165 CALL BUY CALL 1 TG  

RELIANCE INFRA 600 CALL BUY CALL

OPTION PREMIUM:

ACC 1700 PUT BUY CALL HOLD FOR TOMORROW

STOCK CASH

STOCK CASH INTRADAY:

DWARKESH BUY CALL3 TG   

SRTRANSFIN BUY CALL 3 TG

WOCKPHARMA BUY CALL 2 TG

PGEL BUY CALL 1 TG

SRF BUY CALL EXIT AT 1467.35-1472.40

DCMSHRIRAM BUY CALL HOLD FOR TOMORROW

BAJAJ FINANCE  BUY CALL FULL BOOED AT 10478 (YESTERDAY CALL )

STOCK CASH PREMIUM:

PGEL BUY CALL 3 TG ( BOOKED AT 189.95)

SRTRANSFIN BUY CALL 1 TG

SRTRANSFIN 27^TH JULY BUY CALL 3 TG ( BOOKED AT 1322)

EICHER MOT BUY CALL 3 TG ( BOOKED AT 22520)

STOCKSUPER PREMIUM

BUY ASIAN PAINTS IN CASH HOLD FOR TOMORROW( YESTERDAY CALL)

BUY EICHER MOTORS IN CASH HOLD FOR TOMORROW

BUY SHALIMAR PAINTS IN CASH HOLD FOR TOMORROW

EQUITY KING CALL

BUY MARUTI AUG. FUTURES FINAL TG (BOOKED AT 4839.80)

BUY UJJIVAN FINANCIAL IN CASH booked at 540.85 HOLD FOR TOMORROW

BUY RELIANCE INFRA FUTURES HOLD FOR TOMORROW

SELL BHARTI AIRTEL FUTURES HOLD FOR TOMORROW

OPTION STRATEGY

BUY YES BANK 1260 AUG. CALL HOLD FOR TOMORROW ( YESTERDAY CALL)

                          

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INDIAN EQUITY MARKET WRAP UP - 29 JULY 2016

INDIAN BENCHMARKS: SENSEX ENDS 157 POINTS LOWER, NIFTY 50 BELOW 8650

Cautious investors dumped equities ahead of key June quarter earnings on Friday after the Bank of Japan (BoJ) disappointed the market with less-than-expected monetary easing.

The S&P BSE Sensex and NSE's Nifty50 opened flat as the August series of futures and options contracts kicked off. Trading turned choppy with the Sensex heading towards the negative zone even as the broader Nifty50 shot into the green at least once.

The 30-share Sensex closed at 28,051.86, down 156.76 points or 0.56 per cent, while the 50-share Nifty50 settled at 8,638.50, down 27.80 points or 0.32 per cent.

HEADLINES OF THE DAY

Pidilite Q1: Net Profit +16.1% at Rs272 Cr Vs Rs234.3 Cr (YoY).

Karnataka Bank Q1 net profit up 11% (YoY).

Vedanta Q1: Cons Net Profit -30.4% at Rs615 Cr Vs Rs884 Cr (YoY).

Kesoram plans Rs600 crore capex for tyre, cement divisions.

The crucial resistance for Nifty spot is now seen at 8788 and above this 8843. Support for the immediate term is now placed at 8540 and next support will be 8485.

UPCOMING RESULTS: TATACOMM, TECHM, INDIGO, MANGALAM, VRLLOG, DELTACORP

                               

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INDIAN EQUITY MARKET OUTLOOK - 29 JULY 2016

August series to open lower on weak global cues

Indian Indices:

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

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

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

Global Market:

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

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

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

Major Headlines of the day:
Eicher Q1 net shoots up 69%
Hexaware Tech PAT up 1.1% to Rs99.9 cr in June quarter
Visa Steel resumes SMS, rolling mill at Kalinganagar

UPCOMING RESULTS:

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

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

                                           

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CS ROCKING PERFORMANCE OF THE DAY - 28 JULY 2016

CS PERFORMANCE MESSAGE:

STOCK FUTURES:

FUTURES INTRADAY:

asian painT FUTURES  BUY   CALL 3 TG

bharatforg  FUTURES BUY CALL 1 TG

IBULHSGFIN FUTURES BUY CALL SL TRIGERRED

PREMIUM FUTURES:

NIFTY FUTURES:

OPTION:

YES BANK 1200 CALL BUY CALL 3 TG  

IGL 620 CALL BUY CALL 3 TG  

OPTION PREMIUM:

STOCK CASH

STOCK CASH INTRADAY:

TATACOFFEE BUY CALL 1 TG   

BERGEPAINT BUY CALL 2 TG

ESCORTS BUY CALL 1 TG

BAJAJ FINANCE  BUY CALL HOLD FOR TOMORROW

STOCK CASH  PREMIUM:

EICHER MOT BUY CALL 1TG

STOCK SUPER PREMIUM

BUY ASIAN PAINTS IN CASH HOLD FOR TOMORROW

BUY LT FINANCE IN CASH call 3 tg ( yesterday call )

EQUITAS buy IN CASH 2 tg (26 JULY)

EQUITY KING CALL

BUY MARUTI AUG. FUTURES HOLD FOR TOMORROW

BUY UJJIVAN FINANCIAL IN CASH booked at 533.20 HOLD FOR TOMORROW

BUY JSW STEEL FUTURES sl trigerred( yesterday call )

BUY YES BANK JULY FUTURES final tg ( yesterday call )

BUY L&T FINANCE buy call booked at 88.20( yesterday call )

OPTION STRATEGY

BUY YES BANK 1260 AUG. CALL HOLD FOR TOMORROW

                                

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INDIAN EQUITY MARKET WRAP UP - 28 JULY 2016

                                                  
INDIAN BENCHMARKS: SENSEX ENDS 184 POINTS ON GST HOPES, NIFTY 50 ABOVE 8650

Equity benchmarks rallied sharply in late trade with the Sensex rising 184.29 points to 28208.62 and the Nifty climbing 50.50 points to 8666.30.

About 1489 shares advanced against 1160 declining shares on the BSE.

Asian Paints, Maruti Suzuki, ITC, Sun Pharma, TCS, Bharti Infratel and Eicher Motors surged 1-6 percent while Tata Steel, Adani Ports, L&T, Lupin, Tech Mahindra and Aurobindo Pharma fell 1-4 percent.

HEADLINES OF THE DAY

GST - Consensus are building on clearance of GST bill

Escorts Q1 net profit up 33% (YoY)

Sintex Ind Q1: Cons Net Profit +11.8% at Rs76 Cr Vs Rs68 Cr (YoY)

The crucial resistance for Nifty spot is now seen at 8788 and above this 8843. Support for the immediate term is now placed at 8540 and next support will be 8485.

UPCOMING RESULTS:

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

                                    

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TOP CORPORATE NEWS - 28 JULY 2016

                                                             
Sintex Ind Q1: Cons Net Profit +11.8% at Rs76 Cr Vs Rs68 Cr (YoY)

Sintex Ind Q1: Cons Net Profit +11.8% at Rs76 Cr Vs Rs68 Cr (YoY)

Cons Total Income +16.5% at Rs.1, 700.5 Cr Vs Rs.1, 459 Cr (YoY)

Cons EBITDA +28.3% at Rs.290 Cr Vs Rs.226 Cr (YoY)

EBITDA Margin At 17.1% Vs 15.5% (YoY)

Other Income -67.7% at Rs.6.1 Cr Vs Rs.18.9 Cr (YoY).

Escorts Q1 net profit up 33% (YoY)

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

Net Profit gained by 33.48% to Rs46.96 crore Vs Rs35.18 crore (YoY).

Total Income increased by 9.10% to Rs1061.84 crore Vs Rs973.24 (YoY).

Bajaj Auto to introduce products in premium segment

Bajaj Auto will introduce products in the both the premium (Pulsar 400 and KTM Husky, V Series) and the commuter segment (upgraded Platina) in FY2017 to boost market share in the domestic motorcycle space.

GST - Consensus are building on clearance of GST bill

GST - Consensus are building on the clearance of GST bill; Cabinet removed the controversial one percent manufacturing tax from the constitutional bull (key demand of opposition) – positive for GST beneficiary stocks / sectors

In a positive push for the Goods and Services Tax (GST) Bill, the Cabinet gave green signal to GST Constitutional Amendment Bill.

The Cabinet has removed the controversial one percent manufacturing tax from the Constitutional Bill, which was one of the demands of the Opposition, led by Congress.

Torrent Pharma Q1 consolidated net profit down 55% (YoY)

Torrent Pharmaceuticals has announced the following Q1 audited results for the quarter ended June 30, 2016 (YoY):

Standalone

The Company has posted a net profit of Rs337.00 crore Vs Rs839.00 crore.

Total Income decreased to Rs1367.00 crore Vs Rs1943.00 crore.

Consolidated

The Group has posted a net profit of Rs292.00 crore Vs Rs650.00 crore.

Total Income decreased to Rs1571.00 crore Vs Rs2022.00 crore.

                                   

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Nifty hovers around 8,650 ahead of F&O expiry

Markets continued to consolidate ahead of the expiry of July derivative contracts later today.

S&P BSE Sensex was up 115 points at 28,140 and the Nifty50 was up 32 points at 8,648. In the broader market, the BSE Midcap and Smallcap indices were up nearly 1% each.

Asian Paints hit a fresh record high of Rs 1,153 on the Bombay Stock Exchange after the paints major posted robust first quarter earnings.

Maruti Suzuki was up 2% after the company reported record profits in the June quarter despite an appreciating yen on the back of 134% jump in other income.

GLOBAL MARKETS

Asian markets edged lower with profit booking seen in Japanese shares after gains in the yen weighed on market sentiment. Nikkei was down 1% while Shanghai Composite was trading flat with negative bias. Hang Seng eased 0.3% and Straits Times slipped 0.8%.

US stock indices ended mixed on Wednesday after gains in Apple failed to offset losses in McDonald's and Coca-Cola among others. The Dow Jones industrial average ended down 0.01% at 18,472, the S&P 500 eased 0.12% at 2,167 and the Nasdaq closed 0.6% higher at 5,140.

                                       

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