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Monday, February 24, 2014

INDIAN EQUITY MARKET OUTLOOK-25 FEB

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.

Thursday, February 20, 2014

INDIAN EQUITY MARKET OUTLOOK-21 FEB


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.


Wednesday, February 19, 2014

INDIAN EQUITY MARKET OUTLOOK-20 FEB


INDIAN BENCHMARK opened lower as most Asian markets slipped due to disappointing provisional Chinese PMI data. Apollo Hospitals Ltd has lined up an investment of Rs20bn in the next 2-3 years for adding 2000 new beds.


FURTHER, Reliance Industries is in talks with four or five export credit agencies (ECA) to raise over $1 bn (Rs 6,220 crore) in the next four month. NTPC laid the foundation stone for a 1,600-MW power plant in Madhya Pradesh, plans to set up two more projects in the state.



Trend in FII flows: The FIIs were net buyers of Rs.468cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 338cr, as per the provisional figures released by the NSE.

Tuesday, February 18, 2014

INDIAN EQUITY MARKET OUTLOOK-19 FEB

INDIAN BENCHMARK open flat amid mixed Asian cues but profit taking is likely to cap further gains after the rally yesterday which pushed the benchmark indices to 3-week closing highs. Canara Bank plans to sell Rs10bn worth of non-performing assets by the end of this financial year.


FURTHER, Ashok Leyland may see some action after the company is considering sale of its Chennai property to trim its debt. Power Grid Corp plans to invest more than Rs610bn in the next three financial years, with a significant chunk of funds to be raised by way of bonds and debentures.



Trend in FII flows: The FIIs were net buyers of Rs.292cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 154cr, as per the provisional figures released by the NSE.

Monday, February 17, 2014

INDIAN EQUITY MARKET OUTLOOK-18 FEB

INDIAN BENCHMARK opened relatively flat, with global markets remaining mixed and yesterday's Vote-on-Account failing to bring much cheer to investors. Hindustan Zinc has dipped over 3% at Rs 119 on reports that the government is unlikely to complete sale of minority stake in the company during the current fiscal which ends on March 31, 2014.


FURTHER, Tech Mahindra Ltd and Acidaes Solutions Pvt. Ltd., the owners of CRMnext Solution, announced a global strategic business partnership which will primarily focus on the global banking and financial services sector. State Bank of India, has sanctioned loans totalling Rs100bn to six telecom companies to help them buy spectrum.



Trend in FII flows: The FIIs were net buyers of Rs.522cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 245cr, as per the provisional figures released by the NSE.

Sunday, February 16, 2014

INDIAN EQUITY MARKET OUTLOOK-17 FEB

INDIAN BENCHMARK have started the trading session on a higher note ahead of interim budget. Bharti Airtel is set to buy Loop Mobile for about Rs7bn. Under the deal, besides subscribers, Bharti will take over the towers and other network assets of Loop.


FURTHER, HDIL has posted a net profit after taxes, minority interest and share of profit / (loss) of associates of Rs. 51 mn for the Quarter ended December 31, 2013 whereas the same was at Rs. 1073.50 mn for the Quarter ended December 31, 2012. Biocon and US generic drug maker Mylan have challenged Delhi High Court’s interim order which barred them from using Swiss drug innovator Roche’s data to sell their jointly developed biosimilar version of breast cancer drug Trastuzumab.


Trend in FII flows: The FIIs were net sellers of Rs.15cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 45cr, as per the provisional figures released by the NSE.