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INDIAN BENCHMARK open flat amid sluggish trades among major Asian markets.

By : Simran Shah

INDIAN BENCHMARK open flat amid sluggish trades among major Asian markets. Further, power and metal stocks will be in focus as the Supreme Court is scheduled today to announce its decision on coal block allocations.

FURTHER, Cipla will be in focus after the company entered into a commercial collaboration with S&D Pharma in the Czech Republic and Slovakia. Aditya Birla Chemicals Limited has acquired Jayshree Chemicals Ltd's caustic soda business for 2.12 billion rupees.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 508cr, as per the provisional figures released by the NSE.

COMMODITY MARKET STRATEGY 04 SEPTEMBER 2014

By : Simran Shah

BASE METAL WRAP: Nickel climbed to the highest in almost four weeks after a Philippine lawmaker filed a bill to require all mined minerals to be processed before export.

ENERGY WRAP: Natural gas prices edged lower on Wednesday after weather forecasting models continued to call for milder temperatures to move across the U.S. this weekend, which should cut into the need for air conditioning and thus reduce demand for the commodity at the nation's thermal power plants. Crude oil futures rebounded from the previous session's steep declines on Wednesday, after Kiev said it has reached a deal with Russia for a ceasefire in eastern Ukraine.

PRECIOUS METAL WRAP: Gold advanced for a second day on speculation that prices near the lowest level since June may encourage purchases as investors assessed tensions in Ukraine and the outlook for higher U.S. borrowing costs.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Trade Balance, Monetary Policy Statement, German Factory Orders m/m, BOJ Press Conference, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Challenger Job Cuts y/y, Minimum Bid Rate, ADP Non-Farm Employment Change, Trade Balance, ECB Press Conference, Trade Balance, Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Final Services PMI, ISM Non-Manufacturing PMI, Natural Gas Storage, Crude Oil Inventories, FOMC Member Mester Speaks.

INDIAN BENCHMARK open marginally lower as investors

By : Simran Shah
INDIAN BENCHMARK open marginally lower as investors are likely to book profits after recent gains while weak Asian cues and geopolitical tensions would weigh on sentiment.
FURTHER, DLF will be in action after the Punjab and Haryana High Court on Wednesday set aside the Haryana government’s decision to allot 350 acres of land in Wazirabad, Gurgaon. United Spirits reported a consolidated net loss of Rs 4,489 crore for the year ended March 31, 2014.
Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 469cr, as per the provisional figures released by the NSE.

TOP CORPORATE NEWS 01 SEPTEMBER 2014

By : Simran Shah
•    Maruti at new high, Aug sales ride on Celerio, Dzire, Ritz

Shares of Maruti Suzuki touched a new high, up 3 percent intraday on strong growth in August sales numbers boosted by compact cars segment. India's largest car maker sold 1,10,776 lakh units in August, up 27 percent compared to 87,323 units in same period last year and up 9 percent compared to 1.01 lakh units in previous month.

•    IRB Infrastructure falls after Citi downgrade

Shares of IRB Infrastructure Developers Ltd fall after Citigroup downgraded the stock to sell from buy.

•    M&M sold 35,175 units in August

M&M has announced that it has sold 35,175 units during August 2014, as against 37,897 units during August 2013. The company's domestic sales was at 3,145 units.

•    TVS Motor Company August 2014 sales grows by 46%

TVS Motor Company recorded 46% growth in sales during the month of August 2014, with total sales increasing from 155,532 units recorded in the month of August 2013 to 227,482 units in the month of August 2014.

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INDIAN BENCHMARKS ends August series with modest gains

By : Simran Shah

INDIAN EQUITY BENCHMARKS ended with amid volatility as monthly derivative contracts expired today and investors eyed GDP April-June quarter data scheduled for release tomorrow.

•    Shares in NHPC Ltd surged as much as 6.4 per cent as Traders focus could shift to hydro power as an alternative to coal in electricity generation.

•    Further, SKS Microfinance Ltd's shares rose 2.2 percent after Morgan Stanley initiated coverage with an overweight rating saying India's microfinance industry has $90 billion demand potential.

The crucial resistance for Nifty is now seen at 7970 and above this 8010. Support for the immediate term is now placed at 7940 and next support will be 7910.

TOP CORPORATE NEWS 28 August 2014

By : Simran Shah
•    Tata Motors enters Algeria with a range of passenger cars

Tata Motors in association with SPA Elsecom has setup dealerships at Algiers and Oran, with further plans underway to establish 10 additional sales and service centers, to cover important regions, by the end of this year.

•    RIL to save $450 mn/yr by importing ethane from US

Reliance Industries will save about USD 450 million annually by importing 1.5 million tons ethane from US for its petrochemical plant. Imported Ethane will substitute its current propane imports and a portion of naphtha used for ethylene production.

•    Adani buys Australia coal mine royalty rights from Linc

Adani Enterprises has agreed to pay Australian dollar 155 million (USD 145 million) to Linc Energy to buy out the Australian firm's rights to future royalties from Adani's huge.

•    Tata Comm up on reports of foreign brokerage

Shares of Tata Communications gained over 4%, touching, on reports that a foreign brokerage has re-initiated coverage on the stock with a buy rating. The company is back on growth and profitability track and its core business turnaround will be led by enterprise data.

MORNING MAIL 28 August 2014

By : Simran Shah
INDIAN BENCHMARK open marginally higher amid firm global cues. Further, markets are likely to remain volatile in the latter half of the trading session with expiry of August derivative contracts today.

FURTHER, Piramal Enterprises is rejigging its research and development activities with a focus on molecules that are at an advanced stage of development. DLF will continue to be under pressure after the Supreme Court on Wednesday directed DLF to deposit Rs 630 crore in the registry within three months.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 236cr, as per the provisional figures released by the NSE.


TOP CORPORATE NEWS 27 AUGUST 2014

By : Simran Shah
•    UCO Bank stock slips 8%
Shares of UCO Bank slipped 8% after report that the government ordered limited forensic audit into some non-performing accounts of the Bank to find out any irregularities in sanction of loans.
•    Tech Mahindra in talks to acquire more companies

Tech Mahindra is talks to acquire firms to further enhance its geographical reach competence in order to reach its goal of $5 billion by CY2015.
•    Hero Moto Corp aims to sell 12 million units by 2020
Hero Moto Corp management has set a target of 12million unit sales by the year 2020 and also reiterated its target to derive 10% of the volumes from exports. The company had sold 6.2 million units in FY 2014.
•    Tata Global plans to give thrust to its water business
Tata Global Beverages is planning to give a thrust to its water business with a goal to take the segment's contribution to company's revenues to 10% from 1% currently positive in long run, no near term addition to earnings.
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INDIAN BENCHMARKS continues retreat from record high

By : Simran Shah
INDIAN EQUITY BENCHMARKS ended flat, amid a volatile trading session, even metal stocks rebounded while power stocks extended losses after the apex court's verdict on coal block allocations.
·         Tata Power fell another 2.8 percent on the Supreme Court’s order that stayed an interim order of the Appellate Tribunal for Electricity (APTEL) to allow payment of compensatory tariffs.
·         Further, Oil and Natural Gas Corp ended down 2.5 percent on equity dilution concerns due to a potential share sale by the government.

The crucial resistance for Nifty is now seen at 7915 and above this 7970. Support for the immediate term is now placed at 7855 and next support will be 7780

MORNING MAIL TODAY open trading session on a positive note.

By : Simran Shah

INDIAN BENCHMARK open trading session on a positive note with Nifty touching fresh record high despite mixed global cues.

FURTHER, Shares of Ranbaxy Laboratories rose nearly 2%, on reports that UBS has maintained buy rating on the stock with a target price of Rs784 per share. Adani Group plans to sign a pact (MoU) with the Odisha government soon for setting up of a 2,500 Mw rejected coal based power plant in Angul district.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net sellers of Rs. 183cr, as per the provisional figures released by the NSE.

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By : Simran Shah

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