DAILY REPORT 26 th AUG. 2015 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European shares rose more than 4 percent on Tuesday, their best one-day gain since late 2011, as a rate cut in China fuelled a recovery from a bruising 48-hour sell-off. European Central Bank is ready to take further measures if the inflation outlook changes materially, ECB Vice President Vitor Constancio said.The pan-European FTSEurofirst 300 index, which slumped 5.4 percent on Monday, closed up 4.2 percent. The blue-chip Euro STOXX 50 index rose 4.7 percent. German chipmaker Infineon rose 10 percent while miner Antofagasta gained 8.7 percent. A rally on Wall Street evaporated on Tuesday and stocks ended with deep losses as concerns about China's economy outweighed lower valuations that some earlier saw as bar- gains. In a dramatic session, major indices turned negative in the final minutes of trading after previously climbing al- most 3 percent. Investors cited more worries that a slow- down in China could hobble global growth, even after the country's central bank cut interest rates on Tuesday for the second time in two months. The move came after Chinese stocks slumped 8 percent on Tuesday, on top of an 8.5 per- cent drop on Monday. The Dow Jones industrial average fell 204.91 points, or 1.29 percent, to end at 15,666.44. The S&P 500 lost 25.59 points, or 1.35 percent, to finish at 1,867.62 and the Nasdaq Composite dropped 19.76 points, or 0.44 percent, to 4,506.49. Previous day Roundup ndian shares rose on Tuesday, bouncing back from their lowest levels in a year as markets were seen as oversold, while sentiment was also helped after the government said it would make another attempt to pass the goods and ser- vices tax The broader NSE index rose 0.92 percent to 7,880.70 points, snapping a three-day losing streak. It ear- lier hit its lowest since Aug. 12, 2014. The benchmark BSE index ended 1.13 percent higher after earlier falling as much as 1.7 percent to its lowest since Aug. 8, 2014. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 56.58pts], Capital Goods [down 64.21pts], PSU [up 167.64pts], FMCG [up 57.01pts], Realty [up 78.52pts], Power [up 16.02pts], Auto [up 359.50Pts], Healthcare [down 197.89Pts], IT [down 52.68pts], Metals [up 277.30pts], TECK [up 1.51pts], Oil& Gas [up 64.21 pts]. World Indices Index Value % Change D J l 16990.69 -2.06 S&P 500 2035.73 -2.11 NASDAQ 4877.49 -2.82 FTSE 100 6367.89 -0.56 Nikkei 225 19612.93 -2.10 Hong Kong 22281.67 -2.09 Top Gainers Company CMP Change % Chg YESBANK 681.00 51.30 8.15 TATAMOTORS 329.50 21.25 6.89 VEDL 86.20 5.10 6.29 BPCL 868.80 50.20 6.13 ICICIBANK 284.00 14.05 5.20 Top Losers Company CMP Change % Chg TATAPOWER 58.25 4.00 -6.43 HDFC 1,150.00 17.75 -1.52 POWERGRID 129.20 1.90 -1.45 HCLTECH 914.70 13.20 -1.42 AMBUJACEM 209.50 2.65 -1.25 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg AMARAJABAT 1,087.80 96.05 9.68 Indian Indices Company CMP Change % Chg NIFTY 7880.70 .71.70 +0.92 SENSEX 26032.38 +290.82 +1.13 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg ABAN 233.95 -6.95 -2.89 ACC 1,374.70 7.55 0.55 ADANIPOWER 21.55 0.50 2.38 GAIL 281.65 8.30 3.04 IRB 212.80 -1.90 -0.88 L&TFH 61.80 2.10 3.52 ONGC 232.00 4.30 1.89 PFC 212.80 17.70 9.07
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DAILY REPORT
26th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European shares rose more than 4 percent on Tuesday,
their best one-day gain since late 2011, as a rate cut in
China fuelled a recovery from a bruising 48-hour sell-off.
European Central Bank is ready to take further measures if
the inflation outlook changes materially, ECB Vice President
CHENNPETRO finished around 3% gain it break 200 level but with recovery in market it given smart bounce and cre-ate long bullish hammer on EOD chart since market trend is bearish but in any bounce back it can give around 8-10% bounce so buy it above 230 use strict stop loss of 224 for target of 235-240-245
MACRO NEWS
China lowers 1-yr lending rate, deposit rate by 25 bps
RBI rate cut hinges on yuan devaluation, US Fed action: DBS
Government may announce OROP on August 28 on the occasion of the 50th anniversary of 1965 war:
Govt eyes promulgation of land ordinance for 4th time | PM wants to fix call drops
Petrochemical & related industries to touch $280 billion by 2020
PEs warm up to realty, investment jumps over Rs 11,000 crore in H1
Glenmark to launch 10-12 new products in India, eyes 18-20 per cent growth
Cipla urges government to support capital investment, R&D for pharma industry
AuroPharma targets a revenue of over $3 bn by 2017-18
Overseas textile importers seek a pie in higher realisa-tion for Indian exporters
STOCK RECOMMENDATIONS [FUTURE] 1. BIOCON [FUTURE]
BIOCON Future finished around 4.63% gain it maintain previ-ous session low of 394.55, at 400 it has strong support tech-nically as well as psychologically from these level it can be positional buy with stop loss of 393 while in intraday buy it around 405-410 use strict stop loss of 398 for target of 415-420-430+.
2.MINDTREE [FUTURE]
In volatility IT sector was too weak but some index heavy-weight given recovery but finished with loss for that MIND-TREE Future finished with 4% loss and create too long bear-ish candle on RSI it has divergence while 55DMA at 1305. around 1320 it has short term resistance so we advise to sell
STOCKS IN NEWS Welspun Corp forms JV with Wasco Energy for Rs 200
cr plant
L&T Construction bags orders worth Rs 1,563 crore in July, August
ITC denies receiving notice on excess lead in Yippee
Suzlon commissions 6.25 MW-wind project for NSE
ONGC Vsubmits revised development plan for Iran gas field
Union Bank keen to join payments banks bandwagon
NIFTY FUTURE
Nifty Future in yesterday trading session faced volatility as in first half it broke the important support of 7750 but in later hours it reversed and recovered all losses to close with positive signals ahead. We advise you to buy Nifty around 7900 for the targets of 8000 and 8150 with strict stop loss of 7750.