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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.


Tuesday, January 14, 2014

TOP FIVE CORPORATE NEWS 14 JANUARY 2014

Cairn India buyback starts from January 23; stock up 1.5 percent
Cairn India is trading higher by 1.5% at Rs 329.80 after the company said that its proposed share buyback offer will commenced from 23 January 2014. The stock opened at Rs 325.65 and touched a low of Rs 324.90 so far on the NSE.  A combined 894,000 shares have changed hands on the counter so far on the NSE and BSE.
 
Ranbaxy Lab extends Monday's slide
Shares of Ranbaxy Laboratories have declined after company said it has received the form 483 with certain observations as a result of the recent United States Food and Drug Administration (USFDA) inspection at its active pharmaceuticals ingredient (API) plant at Toansa, Punjab, India.
 
 Morgan Stanley Asia buys 15 lakh shares of Escorts
Shares of Escorts were trading higher after Morgan Stanley Asia (Singapore) PTE bought 15, 09,036 shares at Rs 121.10. In the previous trading session, the share closed at Rs 123.25, up Rs 3.75, or 3.14 percent. The stock opened at Rs 124.30 and touched the high of 126.60 so far on the NSE.
 
ITC raises price of Bristol packet by 15%, shares up 1%
Shares of ITC gained as much as 1.36 percent in morning trade as reports suggest that it has increased Bristol cigarette price. ITC raised Bristol cigarette price by 15 percent to Rs 45 per pack of 10 sticks. Earlier a packet of 10 Bristol stocks costed Rs 38.

Somany Ceramics hit record high on Creador stake buy
Somany Ceramics has soared 13% to Rs 137 after its board approved to issue 4.35 million shares of the company to private equity firm Creador for Rs 50 crore on preferential basis.

INDIAN EQUITY MARKET WRAP UP-14 january

INDIAN BENCHMARKS ended on a weak note.


INDIAN EQUITY BENCHMARKS
ended on a weak note after a volatile session led by declines in software exporters such as Tata Consultancy Services Ltd on profit-taking after the recent run-up on better-than-expected quarterly results by peer Infosys Ltd. Cairn India were trading higher by 2% at Rs 332 after the company said that its proposed share buyback offer will commenced from 23 January 2014.

Further,
Shares of Coal India rise as market eagerly awaits the quantum of dividend that the company will declare. The stock has rallied more than 5 percent in the past four trading sessions. NIIT Technologies disappointed the street with the third quarter consolidated net profit falling 14.9 percent sequentially, higher-than-expected, to Rs 53.1 crore due to forex loss.

The crucial resistance for Nifty is now seen at 6310 and above this 6360. Support for the immediate term is now placed at 6190 and next support will be 6130.

News to watch:

Watch out for Wholesale Price Index (WPI) on Jan 15.


Wednesday, January 8, 2014

DAILY EQUITY REPORT 9 TH JANUARY 2014


INDIAN FACE 

INDIAN EQUITY BENCHMARKS rose to mark their first daily gain this year, snapping a five-session losing streak led by Reliance Industries and IT major TCS, as well as exporters such as Tata Consultancy services rose on earnings optimism while Coal India surged on plans for an interim dividend, amid a range bound trading session. 

Further, Shares of Infosys were trading down by at 3475 
ahead of its third quarter earnings due for release on Friday. 

Shares of public sector underrating (PSU) banks are in 
demand, trading higher by up to 8% on hopes of interim 
dividend.

Tuesday, January 7, 2014

DAILY EQUITY REPORT 8 TH JANUARY 2014

INDIAN FACE 


INDIAN EQUITY BENCHMARKS closed in the negative territory for the fifth consecutive day as FIIs turned sellers over the last one week. This comes in the wake of weak economic data and 
emerging political uncertainties. Also, weak Asian cues 
compounded the negative sentiment. 

Further, Financial Tech was locked in upper circuit of 10% at 
Rs 271, also its highest level since August, with no sellers are 
seen on the counter in otherwise weak market. 

Shares of Tata steel were trading down as after considering an 
increase in the prices of its products in the January-March 
(Q4) of the 2014 financial year.

Friday, January 3, 2014

DAILY EQUITY REPORT -3 JANUARY 2014

INDIAN FACE



INDIAN EQUITY BENCHMARK slipped for the second
consecutive day with the benchmark indices losing over 1%
each in the second half of the trading session as profit booking
emerged at higher levels. It drops on weak PMI. The PMI was
down at 50.7 points in December from 51.3 in the previous
month.

Further, Pratibha Industries was up 6% to Rs 28.65 after the
company has secured construction orders aggregating to Rs
590 crore.

Canara Bank has raised Rs. 5 billion by allotting 18.25 million
equity shares on preferential basis to the government of India.



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