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INDIAN EQUITY MARKET STRATEGY- 08 August 2014
By : Simran Shah
INDIAN BENCHMARK open in the negative territory tracking weakness in the global markets. Results will remain in focus, especially of SBI.
FURTHER, Apollo
Tyres plans to raise about Rs 1,725 crore through issue of securities
was today approved by the shareholders of the company. Reliance
Communication has received Rs. 650 crore from Telecom Infrastructure
Finance Private Limited equivalent to 50% of the issue price of the
Equity.
Trend in FII flows: The
FIIs were net buyers of Rs 192cr in the cash segment on Thursday while
the DIIs were net buyers of Rs. 228cr, as per the provisional figures
released by the NSE.
INDIAN EQUITY MARKET STRATEGY- 07 August 2014
By : Simran Shah
INDIAN BENCHMARK open flat, following the cabinet plan to raise the
amount of FDI in defence and railways industries. IT stocks could
seem dip in sentiment after Cognizant lowered its revenue growth expectations
for the full year to 14% from 16.5%.
FURTHER, Piramal Enterprises Ltd has
posted a net profit of Rs. 28963.20 mn for the quarter ended June 30, 2014 as
compared to Net Loss of Rs. (1466.60) mn for the quarter ended June 30, 2013. IDBI bank has posted a net profit of Rs. 1048.10 million for the quarter
ended June 30, 2014 as compared to Rs. 3069.50 million for the quarter ended
June 30, 2013.
Trend in FII flows: The FIIs were
net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs
were net buyers of Rs. 32cr, as per the provisional figures released by
the NSE.
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INDIAN BENCHMARKS fell on weak global cues.
By : Simran Shah
INDIAN EQUITY BENCHMARKS fell over 1%, snapping two days of gains, as
lenders slumped on worries that a sell-off in government bonds would hit
the value of their debt holdings.
• Further, Infosys rose 2.01% on reports that three former executives have asked the company to buyback shares worth Rs11200 crore.
• Jindal Steel & Power Ltd has announced results for the quarter ended June 30, 2014.Net profit at Rs 306.27 crore vs Rs238.86 crore YoY. Total Income at Rs3605.78 crore vs Rs3431.45 crore YoY.
The crucial resistance for Nifty is now seen at 7750 and above this 7840. Support for the immediate term is now placed at 7640 and next support will be 7595.
• Further, Infosys rose 2.01% on reports that three former executives have asked the company to buyback shares worth Rs11200 crore.
• Jindal Steel & Power Ltd has announced results for the quarter ended June 30, 2014.Net profit at Rs 306.27 crore vs Rs238.86 crore YoY. Total Income at Rs3605.78 crore vs Rs3431.45 crore YoY.
The crucial resistance for Nifty is now seen at 7750 and above this 7840. Support for the immediate term is now placed at 7640 and next support will be 7595.
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INDIAN BENCHMARK open lower, following losses in global stocks.
By : Simran Shah
The government is planning to sell 5% stake in SAIL and 10% each in RINL and HAL in the present fiscal. FURTHER, Bata India declined 1.99% after net profit fell 4.1% to Rs 59.39 crore on 8.6% rise in net sales to Rs 621.58 crore in Q2 June 2014 over Q2 June 2013.
Hero MotoCorp lost 1.88% after net profit rose 2.58% to Rs 562.76 crore on 14% increase in total income to Rs 7,149.59 crore in Q1 June 2014 over Q1 June 2013.
Trend in FII flows:
The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net buyers of Rs. 62cr, as per the provisional figures released by the NSE.
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INDIAN BENCHMARKS end higher…. RBI stays steady.
By : Simran Shah
INDIAN EQUITY BENCHMARKS extended its upswing for the second
consecutive day. The Reserve Bank of India, in its third bi-monthly
monetary review for 2014-15 held today, kept the repo rate unchanged at
8%, while the reverse repo rate was remained stable at 7%.
- Further, Shares in Tata Communications ended lower by 2.5% after company has posted a net loss of Rs. (213.80) mn for the quarter ended June 30, 2014.
- Jubilant Life Sciences Limited has reported Consolidated revenue at Rs. 1,473 Crore, grew 8% YoY. International revenues at Rs. 1,051crore, contributed 71% to the overall mix. EBITDA margins at 10.2% and PAT at 5 Crore.
INDIAN BENCHMARKS surged ahead of RBI policy
By : Simran Shah
INDIAN EQUITY BENCHMARKS surged one percent ahead of
RBI policy tomorrow, recouping more than half of Friday’s losses. The rupee
recovered too, up 25 paise to 60.93 a dollar compared to Friday's closing
value.
·
Further, Bajaj Auto auto sales stood at 3,
19,292 units lac units in July as compared to 2,81,327 units YoY. The total
motorcycle sales stood at 2, 67,841 units.
·
Indraprastha Gas Ltd has announced
results for the quarter ended June 30, 2014.Net profit up 30.2% at Rs114.03
crore vs Rs87.58 crore YoY. Total Income down 3.09% at Rs876.5 crore vs
Rs904.47 crore YoY.
The crucial resistance for Nifty is now seen at 7695
and above this 7715. Support for the immediate term is now placed at
7620 and next support will be 7595.
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NEWS TO WATCH:
·
Watch out Quarterly Earnings of Ajanta
Pharma, Bata India, Crompton Greaves, Hero Motocorp, Jubilant Life science,
Tata Chemical on 5th August 2014.
INDIAN BENCHMARKS slumps on FII selling amid weak global cues
By : Simran Shah
INDIAN EQUITY BENCHMARKS slumped in late trades, amid weak global cues,
on aggressive selling by institutional investors on concerns that robust
US jobs data due later today may give the US Federal Reserve much
needed comfort to taper its bond buying program and end its easy money
policy stance by raising rates sooner-than-expected.
• Further, Maruti Suzuki surged 2.5% after the company reported 21.7% increase in its total sales for July at 1,01,380 units as against 83,299 units in the same month last year.
• Hero MotoCorp despatched 529,862 units of two wheelers in month of July 2014, registering a growth of 9% over the corresponding month of the previous year, when the Company had sold 487,545 units.
The crucial resistance for Nifty is now seen at 7715 and above this 7785. Support for the immediate term is now placed at 7595 and next support will be 7530.
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• Further, Maruti Suzuki surged 2.5% after the company reported 21.7% increase in its total sales for July at 1,01,380 units as against 83,299 units in the same month last year.
• Hero MotoCorp despatched 529,862 units of two wheelers in month of July 2014, registering a growth of 9% over the corresponding month of the previous year, when the Company had sold 487,545 units.
The crucial resistance for Nifty is now seen at 7715 and above this 7785. Support for the immediate term is now placed at 7595 and next support will be 7530.
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Sensex bounces back into positive zone
By : Simran Shahthe S&P BSE Sensex is trading at 26,044 up 53 points, while NSE Nifty is trading at 7,780 up 31 points.
BSE Mid-cap is down 0.47% at 9,096, while BSE Small-cap is down 0.52% at 9,915.
Some buying activity is seen in banking, oil & gas, consumer
durables, FMCG and healthcare sectors, while capital goods, realty,
metal, auto and IT sectors are showing weakness on BSE.
Bharti Airtel, Gail, Dr Reddy's Lab, ITC, ICICI Bank, M&M and Cipla are among the gainers, whereas L&T, Tata Power, SSLT, Tata Motors, SBI, Tata Steel and BHEL are losing sheen on BSE.
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