DAILY REPORT 14 th DECEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European shares rose on Tuesday, helped by a rally in It- aly's biggest bank UniCredit on plans to bolster its balance sheet, while takeover speculation allowed Mediaset to make its best one-day gain ever. Mediaset surged 31.9%, the biggest gainer in Europe, after French media group Vivendi said it owned a 3% stake in the Italian broadcaster and planned to raise that to as much as 20 percent, fuelling expectations of a takeover bid. The pan-European STOXX 600 index climbed to a new 11-month high to end up 1.1% Asia shares crept cautiously higher on Wednesday while a hush settled on the US dollar as investors felt certain the Federal Reserve would raise rates for the first time in a year, but were less sure what it might herald for 2017. Aus- tralia led the early going with gains of 0.7 percent and MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.2 percent. Japan's Nikkei went the other way, easing 0.1 percent with moves across the region modest at best. The outcome of the Fed's policy meeting will be an- nounced at 1900 GMT. US stocks racked up new all-time highs on Tuesday andDJI average ended fewer than 100pts away from 20,000 mark as a post-election rally showed no signs of fatigue. All 3 ma- jor indexes established record highs. The Dow has climbed about 9% since the Nov. 8 election, with gains fuelled by expectations that President-elect Donald Trump will reduce taxes and regulation and stimulate the economy. Previous day Roundup After volatility, benchmark indices gained strength in last couple of hours of trade on Tuesday, with the Nifty ending above 8200 level ahead of the upcoming policy meeting of Federal Reserve that will begin tonight. Positive European cues and short covering in index heavyweights helped the market recover previous day's losses. The Sensex jumped 182.58 points to 26697.82 and the NSE Nifty rose 51 points to 8221.80 while the broader markets underperformed benchmarks, with the Midcap falling 0.4 percent. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 85.58pts], Capital Goods [down 99.49pts], PSU [down 49.16 pts], FMCG [down 97.59pts], Realty [down 6.43pts], Power [down 2.11pts], Auto [down 353.74pts], Healthcare [down 70.93pts], IT [down 40.01pts], Metals [down 29.51pts], TECK [down 33.28pts], Oil& Gas [down 138.10pts]. World Indices Index Value % Change DJI 19911.21 +0.58 S&P500 2271.72 +0.65 NASDAQ 5463.83 +0.95 FTSE100 6968.57 +1.13 NIKKEI 19206.46 -0.23 HANG SENG 22573.30 +0.56 Top Gainers Company CMP Change % Chg TECHM 487.00 17.60 3.75 TATAMOTORS 470.30 15.90 3.50 BPCL 629.40 17.55 2.87 WIPRO 464.00 10.45 2.30 ADANIPORTS 287.00 5.65 2.01 Top Losers Company CMP Change % Chg ULTRACEMCO 3,364.90 97.45 -2.81 HINDALCO 177.25 4.70 -2.58 ZEEL 441.55 10.75 -2.38 BHEL 125.35 2.15 -1.69 GRASIM 849.50 12.25 -1.42 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg BHARATFORG 1,000.00 31.90 3.30 ENGINERSIN 313.30 1.45 0.46 JSWHL 1,420.00 92.30 6.95 THYROCARE 695.70 17.40 2.57 VAKRANGEE 267.15 -17.10 -6.02 TVSELECT 218.50 -2.40 -1.09 — Indian Indices Company CMP Change % Chg NIFTY 8221.80 +51.00 +0.62 SENSEX 26697.82 +182.58 +0.69 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg DBSTOCKBRO 14.20 -0.10 -0.70 RAMCOSYS 297.95 -3.00 -1.00 RESPONIND 63.00 -2.65 -4.04
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DAILY REPORT 14
th DECEMBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance European shares rose on Tuesday, helped by a rally in It-aly's biggest bank UniCredit on plans to bolster its balance sheet, while takeover speculation allowed Mediaset to make its best one-day gain ever. Mediaset surged 31.9%, the biggest gainer in Europe, after French media group Vivendi said it owned a 3% stake in the Italian broadcaster and planned to raise that to as much as 20 percent, fuelling expectations of a takeover bid. The pan-European STOXX 600 index climbed to a new 11-month high to end up 1.1% Asia shares crept cautiously higher on Wednesday while a hush settled on the US dollar as investors felt certain the Federal Reserve would raise rates for the first time in a year, but were less sure what it might herald for 2017. Aus-tralia led the early going with gains of 0.7 percent and MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.2 percent. Japan's Nikkei went the other way, easing 0.1 percent with moves across the region modest at best. The outcome of the Fed's policy meeting will be an-nounced at 1900 GMT. US stocks racked up new all-time highs on Tuesday andDJI average ended fewer than 100pts away from 20,000 mark as a post-election rally showed no signs of fatigue. All 3 ma-jor indexes established record highs. The Dow has climbed about 9% since the Nov. 8 election, with gains fuelled by expectations that President-elect Donald Trump will reduce taxes and regulation and stimulate the economy. Previous day Roundup After volatility, benchmark indices gained strength in last couple of hours of trade on Tuesday, with the Nifty ending above 8200 level ahead of the upcoming policy meeting of Federal Reserve that will begin tonight. Positive European cues and short covering in index heavyweights helped the market recover previous day's losses. The Sensex jumped 182.58 points to 26697.82 and the NSE Nifty rose 51 points to 8221.80 while the broader markets underperformed benchmarks, with the Midcap falling 0.4 percent. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 85.58pts], Capital Goods [down 99.49pts], PSU [down 49.16 pts], FMCG [down 97.59pts], Realty [down 6.43pts], Power [down 2.11pts], Auto [down 353.74pts], Healthcare [down 70.93pts], IT [down 40.01pts], Metals [down 29.51pts], TECK [down 33.28pts], Oil& Gas [down 138.10pts].
On the daily chart the INOXWIND has taken reversal from trend-line support and made bullish candlestick rose with heavy volume participation also crossed the near resis-tance level of 204 and closed above it thus its looking good buy opportunity above 205 for the target of 208-210 with SL below 200.
MACRO NEW
India's consumer prices climbed 3.63% yoy in November, slower than the 4.2% increase seen in October
Oil prices surge on output deal
Principal MF doesn’t see massive investment from banks into MFs
FPIs on a selling spree in debt mkt; shift to developed mkts
Tata Motors shares gain 5% after block deals worth Rs 2,400 cr
Coal India Q2 Cons Net Profit At `600.4 Cr Vs CNBC-TV18 Poll Of `2,150 Cr
Listing - Mandhana Retail
JSW- JPVL - sale of Bina plant in slow lane
TAMO looking to sell Bolt as taxi
Adani Ports-Indian Port Rail Corporation to start work on 4300 cr rail project
DLF may split 40% stake sale in Arm between GIC & blackstone
Govt asks Axis Bank to put its house on order
KRBL has set up Furfuryl Alcohol plant for Rs7cr Thomas Cook approved NCDs worth Rs300cr
Jindal Steel & Power gets commercial date of operation for last unit at Tamnar wef 12 Dec 2016
Wockhardt- Daman unit compliant with principles & guidelines of good manufacturing as per UK MHRA
NTPC to raise Rs3925cr via NCDs
RBL Bank - ICRA assign short term rating of ICRA A1+
Last trading session APOLLOTYRE future show positive per-formance and close near major resistance level with bullish candlestick in daily chart. And since last session it rose with rising OI in long side.So we expect the lead to good upside in the stock. So we advise you to Buy Apollotyre future above 198 for the target of 200-203 with SL of 195. 2. JETAIRWAYS [FUTURE]
Last trading session JETAIRWAYS future show positive strength and take a good bounce back at lower level and ended with bullish candlestick in daily chart. So if future cross yesterday high .We may see sharp rise for that it will be good to buy above 365 for the target of 370-380 with SL of 357.
Karnataka Bank rights issue shares available for trading Bajaj Electricals enters into strategic alliance with UK
based Gooee for IoT based lighting solutions Tata Motors /Bharat Forge: Rivals object to TAMO’s
bid to make infantry combat vehicles Kaveri Seed Q2 Net Profit At `7 Cr Vs Loss Of `42.5 CR
NIFTY FUTURE
NIFTY in yesterday trading session consolidated till 1st half and moving around 70 points it ended in a positive note. Today it may follow the same pattern. 8150 is a good support level for the index, So we advise you to buy nifty around 8200 for the targets of 8270 and 8350 with strict stop loss of 8100
COMMODITY ROUNDUP MCX Copper edged up in afternoon trades amid supportive cues from equities and ideas that demand from Asia would remain strong. The Asian Development Bank maintained its developing Asia growth outlook for 2017 while lowering its estimate for this year. ADB downgraded its 2016 growth projection to 5.6% from 5.7%. But kept unchanged at 5.7% its growth estimate for 2017 in its Asian Development Out-look 2016 Update report. COMEX Copper futures are on the rise today after testing a one week low in last session. The metal is quoting at $2.625 per pound, up 0.27% on the day. MCX Copper futures are trading at Rs 393.25 per kg, up 0.50% on the day as a quick rebound above Rs 390 levels firmed up the sentiments. Iron ore stocks are growing at mine heads, with lower off-take while output has been rising. Data from the Indian Bu-reau of Mines shows the total stock of ore at end-July was 144.5 million tonnes (mt). Of this, 85 per cent had built up in Odisha, the largest producer, and Jharkhand. Around 70 per cent of the stockpile comprises ore with content below 62 per cent, both lumps and fines, the latter being 93 per cent of this. The international crude oil price of Indian Basket as com-puted by PPAC under the Ministry of Petroleum and Natural Gas was US$ 54.42 per barrel (bbl) on 12.12.2016. This was higher than the price of US$ 51.03 per bbl on previous pub-lishing day of 08.12.2016. In rupee terms, the price of Indian Basket increased to Rs. 3677.60 per bbl on 12.12.2016 as compared to Rs. 3440.97 per bbl on 08.12.2016. Rupee closed at Rs. 67.58 per US$ on 12.11.2016. Gold dropped towards its ten month low yet again today, falling near $1160 levels as equities stayed supported. US dollar firmed up as traders geared themselves up for the last US Fed meeting for the year. The meeting is most likely to deliver a widely expected hike in US interest rates. Fed had hikes rates for the first time in nearly one decade in Dec 2015. A redux this time could hit Gold further. However, with the Indian retail prices lingering around Rs 27500 per 10 grams, there is a possibility of increased demand for jew-ellery as wedding season approaches. MCX Gold futures are trading at Rs 27550 per 10 grams, down 0.42% on the day. Large speculators and traders decreased their net positions in the gold futures markets last week for the fourth con-secutive week. The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, totaled a net position of 136,380 contracts in the data reported through Dec 6th.
The global Pepper market has firmed up though the overall activity remains tight. Buyers have filled up sufficient stocks in anticipation of long new yearend holidays. Except Sri-Lanka, the price of black Pepper in most of the origins has increased. In Vietnam and India the prices have increased sharply. In Lampung and Sarawak the black Pepper prices were reported stable. In dollar terms however, local price of Lampung and Sarawak black increased marginally by 1% due to strengthening of local currencies against US dollar.
Waiving the wheat import duty is likely to affect farmers during the rabi sowing season. Since speculation surfaced about the duty waiver two weeks ago, the price of wheat in international markets has jumped by more than 13%to $210 a tonne. Despite this, the cost of imported wheat in ports in south India is Rs 200-250 a tonne less than prevail-ing local prices. From Rs 1,600 a quintal at the beginning of the previous rabi season, wheat prices have risen to Rs 2,100-2,150 now in the northern states. The government lowered the wheat import duty from 25%to 10%in Septem-ber and waived it earlier this week. The Centre’s decision to cut the import duty on wheat from 10 per cent to zero during the peak sowing season might look like an anti-farmer measure. But, officials and traders say that with stocks in government godowns falling, the move is to prevent any chance of import on government account to run the public distribution system (PDS) next year (2017-18) India annually requires 27-30 million ton-nes of wheat to run its PDS, which should not be difficult to procure if private players have adequate stocks in their pipeline.
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TIME REPORT PERIOD ACTUAL CONSENSUS
FORECAST PREVIOUS
MONDAY, DEC. 12
2 PM FEDERAL BUDGET NOV.
TUESDAY, DEC. 13
6 AM NFIB SMALL-BUSINESS INDEX NOV. 94.9
8:30 AM IMPORT PRICE INDEX NOV. 0.5%
WEDNESDAY, DEC. 14
8:30 AM RETAIL SALES NOV. 0.8%
8:30 AM RETAIL SALES EX-AUTOS NOV. 0.8%
8:30 AM PRODUCER PRICE INDEX NOV.. 0.0%
9:15 AM INDUSTRIAL PRODUCTION NOV. 0.0%
10 AM BUSINESS INVENTORIES OCT. 0.1%
2 PM FOMC ANNOUNCEMENT, PROJECTIONS
2:30 PM JANET YELLEN PRESS CONFERENCE
THURSDAY, DEC. 15
8:30 AM WEEKLY JOBLESS CLAIMS 12/3 -- --
8:30 AM CONSUMER PRICE INDEX NOV. 0.4%
8:30 AM CORE CPI NOV. 0.1%
8:30 AM EMPIRE STATE INDEX DEC. 1.5
8;30 AM PHILLY FED INDEX DEC. 7.6
8:30 AM CURRENT ACCOUNT DEFICIT Q3
9:45 AM MARKIT MANUFACTURING PMI (FLASH) DEC. 54.1