DAILY REPORT 05 th NOV. 2015 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Japanese stocks rose on Thursday morning after the dollar strengthened against the yen as the Federal Reserve Chair Janet Yellen pointed to a possible Dec interest rate "liftoff" Nikkei rose 0.6% to 19,034.02 in midmorning trade after gaining 1.3% on Wednesday helped by strong demand by three Japan Post shares, which surged as investors rushed to get a piece of the group's $12bn initial public offering. On Wednesday, the Fed's Yellen laid out what now appears the base case at the U.S. central bank that low unemploy- ment, continued growth and faith in a impending return of inflation meant the U.S. was ready for higher interest rates. European shares closed off their highs on Wednesday after Fed Chair said a rate hike in December was a live possibil- ity, while Germany's blue-chip index underperformed after a scandal at carmaker Volkswagen widened. The FTSEuro- first 300 rose 0.46% after earlier gaining as much as 1.1% on back of a fresh pledge from the ECB to ramp up stimulus if necessary, while Germany's DAX was down 0.97%. The DJI average fell 50.57pts, or 0.28%, to 17,867.58; the S&P 500 lost 7.48 points, or 0.35%, to 2,102.31; and the Nasdaq dropped 2.65pts, or 0.05%, to 5,142.48. On Friday, Wall Street registered its strongest monthly performance in four years and posted a fifth straight week of gains. About 7.4bn shares changed hands on US exchanges, compared with the 7.0bn daily average for the past 20 trading days Previous day Roundup The market lost previous day's gains on Wednesday with the benchmark indices falling marginally despite positive global cues. Indices started on a strong note but erased gains in afternoon trade due to profit booking in heavy- weights. Private banks, healthcare, technology and select oil stocks drove market lower, though auto stocks provided support. The Sensex fell 37.67 points to 26552.92 and the Nifty declined 20.50 points to 8040.20. The BSE Midcap index outperformed benchmarks, up 0.2%. About 1255 shares advanced, 1469 shares declined, and 134 shares were unchanged. Corporate results have been a little be- low expectations so far, with 45% of the companies wit- nessing earnings downgrades against 32 percent upgrades. Index stats Consumer Durables [down 27.36pts], Capital Goods [down 49.03pts], PSU [up 35.04pts], FMCG [up 22.57Pts], Realty [down 1.55pts], Power [down 6.68pts], Auto [up 306.86Pts], Healthcare [down 142.46Pts], IT [down 65.07pts], Metals [up 29.24pts], TECK [down 27.99pts], Oil& Gas [down 7.87pts]. World Indices Index Value % Change D J l 17867.58 -0.28 S&P 500 2102.31 -0.35 NASDAQ 5142.48 -0.05 FTSE 100 6412.88 +0.46 Nikkei 225 19122.42 +1.03 Hong Kong 23098.66 +0.20 Top Gainers Company CMP Change % Chg TATAMOTORS 406.60 24.55 6.43 M&M 1,251.00 18.05 1.46 HEROMOTOCO 2,618.10 35.35 1.37 COALINDIA 329.85 4.00 1.23 SBIN 238.85 2.90 1.23 Top Losers Company CMP Change % Chg TECHM 542.90 13.85 -2.49 ICICIBANK 273.40 6.05 -2.16 SUNPHARMA 850.60 17.95 -2.07 RELIANCE 947.45 19.75 -2.04 GAIL 301.40 5.75 -1.87 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg DISHMAN 399.15 -12.35 -3.00 GMBREW 757.85 36.05 4.99 RAJESHEXPO 645.30 4.90 0.77 Indian Indices Company CMP Change % Chg NIFTY 8040.20 -20.50 -0.25 SENSEX 26552.92 -37.67 -0.14 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg ABGSHIP 94.15 -20.50 -17.88 ADLABS 107.10 -10.00 -8.54 LT 1,368.45 -4.85 -0.35 CORPBANK 42.65 -0.30 -0.70 DCBBANK 85.80 -1.50 -1.72
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DAILY REPORT
05th
NOV. 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance Japanese stocks rose on Thursday morning after the dollar strengthened against the yen as the Federal Reserve Chair Janet Yellen pointed to a possible Dec interest rate "liftoff" Nikkei rose 0.6% to 19,034.02 in midmorning trade after gaining 1.3% on Wednesday helped by strong demand by three Japan Post shares, which surged as investors rushed to get a piece of the group's $12bn initial public offering. On Wednesday, the Fed's Yellen laid out what now appears the base case at the U.S. central bank that low unemploy-ment, continued growth and faith in a impending return of inflation meant the U.S. was ready for higher interest rates. European shares closed off their highs on Wednesday after Fed Chair said a rate hike in December was a live possibil-ity, while Germany's blue-chip index underperformed after a scandal at carmaker Volkswagen widened. The FTSEuro-first 300 rose 0.46% after earlier gaining as much as 1.1% on back of a fresh pledge from the ECB to ramp up stimulus if necessary, while Germany's DAX was down 0.97%. The DJI average fell 50.57pts, or 0.28%, to 17,867.58; the S&P 500 lost 7.48 points, or 0.35%, to 2,102.31; and the Nasdaq dropped 2.65pts, or 0.05%, to 5,142.48. On Friday, Wall Street registered its strongest monthly performance in four years and posted a fifth straight week of gains. About 7.4bn shares changed hands on US exchanges, compared with the 7.0bn daily average for the past 20 trading days Previous day Roundup The market lost previous day's gains on Wednesday with the benchmark indices falling marginally despite positive global cues. Indices started on a strong note but erased gains in afternoon trade due to profit booking in heavy-weights. Private banks, healthcare, technology and select oil stocks drove market lower, though auto stocks provided support. The Sensex fell 37.67 points to 26552.92 and the Nifty declined 20.50 points to 8040.20. The BSE Midcap index outperformed benchmarks, up 0.2%. About 1255 shares advanced, 1469 shares declined, and 134 shares were unchanged. Corporate results have been a little be-low expectations so far, with 45% of the companies wit-nessing earnings downgrades against 32 percent upgrades. Index stats Consumer Durables [down 27.36pts], Capital Goods [down 49.03pts], PSU [up 35.04pts], FMCG [up 22.57Pts], Realty [down 1.55pts], Power [down 6.68pts], Auto [up 306.86Pts], Healthcare [down 142.46Pts], IT [down 65.07pts], Metals [up 29.24pts], TECK [down 27.99pts], Oil& Gas [down 7.87pts].
After sharp rise in last five session INTELLECT close with 2.80% loss in previous session, on EOD chart it finished with bearish harami candle with before last session it cre-ate inverted hammer so after confirmation we can see 250 level in upcoming session so we advise to sell it below 261 for target of 257-253-250 use stop loss of 264 MACRO NEWS India's services industry expanded at its fastest pace in 8
months in Oct as new business rose with discounting stoking demand. The Nikkei/Markit Services PMI rose to 53.2 in Oct from Sept's 51.3, marking a 4th month above 50-level that separates growth from contraction.
Govt to issue notice to Volkswagen China October services activity rises to 3-month high Maggi noodles to start sale in Nov, Nestle rises 4% Solar tariffs decline to all-time low of of Rs 4.63 per
kWhr: Piyush Goyal Gujarat govt okays IOC's proposal to acquire land for
expansion HPCL, GAIL eye petrochemical plant in Andhra Pradesh IDBI to raise Rs 2800cr but it's not going Axis's way, yet Cairn-Vedanta merger now by June 2016, says Group
firm Railways sign MoU with Odisha for rail projects Reliance Infra to shift focus to defence now Gets board
nod to exit road and cement businesses Stand Chart Plc may sell Essar group’s global loans worth
$3.5 bn Zensar Technologies to use Apax Partners’ help to ac-
quire and consolidate RCom to invest `523 cr to expand data centres
After given two weeks bull run DIVISLAB Future finished with 1% loss in last session and given tend reversal sign with in-verted hammer candle if we look to retrace line then it may come up to 1150 level so we advise to sell it below 1171 for target of 1163 1150 use stop loss of 1181.
2. INFRATEL [FUTURE]
INFRATEL FUTURE breached around 1.50% it made low of 377 where 376 is descending triangle support, since open interest also rose with 4% and below these level we can see a sharp dip so we advise to sell it below 376 for target of 373 370 360 use stop loss of 380.
STOCKS IN NEWS Canara Bank Q2 profit falls 16% on high provisions,
NPA up Reliance Capital cuts prime lending rates by 25 bps Jain Irrigation bags Rs 473 crore tender from MSEDCL Vedanta Resources halts dividend after profit falls Marico Q2 net up 27%, volume growth disappoints;
bonus 1:1 Dr Reddy's to market Biocodex products in Romania Lupin gets FDA nod for generic Aricept tablets Blue Star acquires 51% stake in Oman's OEMC NIFTY FUTURE
After giving a positive opening Nifty is falling down and since last two sessions Nifty is following the same pat-tern. Yesterday it gave a strong bearish signal. So we as-sume the same behavior to be followed by Nifty in next session. So we advise you to sell Nifty from around 8130 for targets of 8030 and 7900 with strict stop loss of 8250
BUY SILVER DEC ABOVE 35600 TGTS 35800,36100 SL BE-
LOW 35300
SELL SILVER DEC BELOW 35200 TGTS 35000,34700 SL
ABOVE 35550
COMMODITY ROUNDUP
WTI Crude oil futures stayed locked in a narrow range today after a massive spurt in last session. Equities managed to mostly hold gains and kept crude afloat though traders re-mained worried about the overall sluggishness in global oil demand and the strength in US dollar. WTI Crude is linger-ing around $48 per barrel right now, barely changed on the day. MCX Crude oil futures are trading at Rs 3157 per barrel, down 0.06% on the day after moving in a range of Rs 3167 – 3126 during the session. WTI Crude oil futures stayed locked in a narrow range today after a massive spurt in last session. Equities managed to mostly hold gains and kept crude afloat though traders remained worried about the overall sluggishness in global oil demand and the strength inUS dollar. WTI Crude is lingering around $48 per barrel right now, barely changed on the day. MCX Crude oil futures are trading at Rs 3157 per barrel, down 0.06% on the day after moving in a range of Rs 3167 – 3126 during the ses-sion.
Gold witnessed some recovery after a heavy collapse in the last session. World stocks stayed broadly supported amid mixed data pointers. Ideas that the ECB is willing to provide more monetary stimulus augured helpful. Gold dropped towards its fresh five week low yesterday as selling contin-ued in Gold after the prices dropped under 100day EMA in the last week. Gold was also undone by gains in US equities yesterday as continued buying lifted the NASDAQ to an all-time high. COMEX Gold futures dropped near $1110 per ounce yesterday but carved out good gains in Asia. The counter is trading at $1117 per ounce, up 0.26% on the day. MCX Gold futures dipped under Rs 26900 per 10 grams yes-terday. The metal has lost more than Rs 1000 in last four sessions. Some support can emerge in the counter now as traders cover their recent shorts. The counter is quoting at Rs 25930 per 10 grams, almost unchanged on the day.
Copper prices rose to a one-week high on Wednesday, after mining giant Glencore announced further supply cuts of the red metal. Copper for December delivery on the Comex divi-sion of the New York Mercantile Exchange tacked on 1.6 cents, or 0.69%, to trade at $2.347 a pound during morning hours in London. It earlier rose to $2.352, the highest since October 28. A day earlier, copper prices inched up 1.1 cents, or 0.5%. Meanwhile, three month Copper on the London Metal Exchange advanced 0.38% to $5,186.00 a metric ton.
MCX Copper was up 0.25% trading at Rs 340.45 per kg. The prices have tested a high of Rs 341.80 per kg and a low of Rs 339.60 per kg.
Selling intensified in mustard seed futures in the last trading hour due to surge in sowing acreage in the current year along with limited off take by millers at higher levels. The market sources stated that total sowing acreage of mustard seed is likely to increase by 10-15 percent in the current year due to favorable weather conditions. The report stated that Rajasthan farmers have added 7 lakh hectares in total sowing acreage in last one week due to better sowing con-ditions. The prices were also hammered by total stocks of 8-9 lakh tonnes in local mandies to limit the upside of mustard seed at higher levels. The NCDEX December futures slumped by 0.91 percent to settle at Rs 4893 per quintal.
Weak cotton prices this season have hit the ginning industry across the country, which is estimated to be losing around Rs 8 crore a day on trading roughly around 80,000 bales every day (one bale is 170 kg). There are about 4,500 ginning units in the country, of which nearly half are not operational at the moment.
Chana prices moved up 0.51% to Rs 4,973 per quintal in fu-tures trade as participants increased their holdings, trig-gered by rising demand at the spot market. Besides, re-stricted supplies from producing regions supported the up-side. At NCDEX chana for delivery in November advanced by Rs 25, or 0.51% to Rs 4,973 per quintal with an open inter-est of 3,060 lots. Likewise, the commodity for delivery in December moved up by Rs 11, or 0.22% to Rs 5,085 per quintal in 56,540 lots. Participants enlarged positions on the back of rising demand at the spot market against restricted supplies which kept chana prices higher in futures trade.