www.angelbroking.com Market Outlook March 15, 2019 www.angelbroking.com Market Cues Indian markets are likely to open flat tracking global indices and SGX Nifty. US Stocks showed a lack of direction throughout the trading day on Thursday following the notable upward move seen in the previous session. The major averages spent the day bouncing back and forth across the unchanged line. The Dow was flat at 25,710 while the Nasdaq slipped 0.2 percent to 7,631. U.K. markets ended higher on Thursday, with investors digesting a slew of earnings reports and tracking developments on the Brexit front. The FTSE 100 was up by 0.4% to 7,185. On domestic front, Indian shares ended largely unchanged on Thursday after rising for three consecutive sessions. The rupee was a tad weaker, oil prices jumped and a gauge of wholesale inflation rose to 2.93 percent in February from 2.6 percent in January, keeping investors nervous. The benchmark BSE Sensex was flat at 37,755 at the end of trading session. News Analysis FIIs line up to invest in Embassy Office Parks REIT IPO, anchor book opens today Detailed analysis on Pg2 Investor’s Ready Reckoner Key Domestic & Global Indicators Stock Watch: Latest investment recommendations on 150+ stocks Refer Pg5 onwards Top Picks Company Sector Rating CMP (`) Target (`) Upside (%) Blue Star Capital Goods Buy 675 867 28.4 ICICI Bank Financials Buy 388 460 18.6 Parag Milk Foods Others Buy 255 330 29.2 Bata India Others Accumulate 1,363 1,479 8.5 KEI Industries Capital Goods Buy 429 486 13.4 More Top Picks on Pg4 Key Upcoming Events Date Region Event Description Previous Reading Consensus Expectations Feb 16, 2019 TU Central Bank Inflation Report Feb 17, 2019 TH Exports YoY 0.06 -- Feb 17, 2019 TH Exports $22380m -- Feb 20, 2019 TH Imports YoY 0.24 -- Feb 20, 2019 TH Imports $21776m -- More Events on Pg7 Domestic Indices Chg (%) (Pts) (Close) BSE Sensex 0.0 3 37,755 Nifty 0.0 1 11,343 Mid Cap (0.3) (40) 15,088 Small Cap 0.1 13 14,888 Bankex 0.2 46 32,401 Global Indices Chg (%) (Pts) (Close) Dow Jones 0.0 7 25,710 Nasdaq (0.2) (12) 7,631 FTSE 0.4 26 7,185 Nikkei 0.0 (3) 21,287 Hang Seng 0.2 44 28,851 Shanghai Com (1.2) (36) 2,991 Advances / Declines BSE NSE Advances 1,236 731 Declines 1,480 1,013 Unchanged 145 334 Volumes (` Cr) BSE 3,056 NSE 33,742 Net Inflows (` Cr) Net Mtd Ytd FII (895) 822 (199) *MFs (518) 5,097 6,274 Top Gainers Price (`) Chg (%) WESTLIFE 445 8.7 NBCC 65 7.8 PCJEWELLER 86 6.6 IBREALEST 88 6.2 INFIBEAM 46 5.5 Top Losers Price (`) Chg (%) RELCAPITAL 172 -8.5 MANPASAND 119 -7.1 RPOWER 11 -6.5 TAKE 125 -5.8 VMART 2661 -5.2 As on Mar 14, 2019
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March 15, 2019web.angelbackoffice.com/Research_ContentManagement... · Blackstone Group LP and Bengaluru-based developer Embassy Property Developments Pvt. Ltd, plans to raise ₹4,750
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www.angelbroking.com
Market Outlook
March 15, 2019
www.angelbroking.com
Market Cues
Indian markets are likely to open flat tracking global indices and SGX Nifty.
US Stocks showed a lack of direction throughout the trading day on Thursday
following the notable upward move seen in the previous session. The major
averages spent the day bouncing back and forth across the unchanged line. The
Dow was flat at 25,710 while the Nasdaq slipped 0.2 percent to 7,631.
U.K. markets ended higher on Thursday, with investors digesting a slew of earnings
reports and tracking developments on the Brexit front. The FTSE 100 was up by 0.4%
to 7,185.
On domestic front, Indian shares ended largely unchanged on Thursday after rising
for three consecutive sessions. The rupee was a tad weaker, oil prices jumped and a
gauge of wholesale inflation rose to 2.93 percent in February from 2.6 percent in
January, keeping investors nervous. The benchmark BSE Sensex was flat at 37,755
at the end of trading session.
News Analysis
FIIs line up to invest in Embassy Office Parks REIT IPO, anchor book opens
today
Detailed analysis on Pg2
Investor’s Ready Reckoner
Key Domestic & Global Indicators
Stock Watch: Latest investment recommendations on 150+ stocks
Refer Pg5 onwards
Top Picks
Company Sector Rating CMP
(`) Target
(`) Upside
(%)
Blue Star Capital Goods Buy 675 867 28.4
ICICI Bank Financials Buy 388 460 18.6
Parag Milk Foods Others Buy 255 330 29.2
Bata India Others Accumulate 1,363 1,479 8.5
KEI Industries Capital Goods Buy 429 486 13.4
More Top Picks on Pg4
Key Upcoming Events
Date Region Event Description Previous
Reading
Consensus
Expectations
Feb 16, 2019 TU Central Bank Inflation Report
Feb 17, 2019 TH Exports YoY 0.06 --
Feb 17, 2019 TH Exports $22380m --
Feb 20, 2019 TH Imports YoY 0.24 --
Feb 20, 2019 TH Imports $21776m --
More Events on Pg7
Domestic Indices Chg (%) (Pts) (Close)
BSE Sensex 0.0 3 37,755
Nifty 0.0 1 11,343
Mid Cap (0.3) (40) 15,088
Small Cap 0.1 13 14,888
Bankex 0.2 46 32,401
Global Indices Chg (%) (Pts) (Close)
Dow Jones 0.0 7 25,710
Nasdaq (0.2) (12) 7,631
FTSE 0.4 26 7,185
Nikkei 0.0 (3) 21,287
Hang Seng 0.2 44 28,851
Shanghai Com (1.2) (36) 2,991
Advances / Declines BSE NSE
Advances 1,236 731
Declines 1,480 1,013
Unchanged 145 334
Volumes (` Cr)
BSE 3,056
NSE 33,742
Net Inflows (` Cr) Net Mtd Ytd
FII (895) 822 (199)
*MFs (518) 5,097 6,274
Top Gainers Price (`) Chg (%)
WESTLIFE 445 8.7
NBCC 65 7.8
PCJEWELLER 86 6.6
IBREALEST 88 6.2
INFIBEAM 46 5.5
Top Losers Price (`) Chg (%)
RELCAPITAL 172 -8.5
MANPASAND 119 -7.1
RPOWER 11 -6.5
TAKE 125 -5.8
VMART 2661 -5.2
As on Mar 14, 2019
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www.angelbroking.com
Market Outlook
March 15, 2019
www.angelbroking.com
News Analysis
FIIs line up to invest in Embassy Office Parks REIT IPO, anchor
book opens today
Foreign institutional investors (FIIs) as well as domestic ones, including Fidelity
Investments and Kotak Life Insurance, have shown strong interest in investing in
India’s first real estate investment trust (REIT) listing, said three people aware of the
development. Embassy Office Parks REIT, backed by global private equity
Blackstone Group LP and Bengaluru-based developer Embassy Property
Developments Pvt. Ltd, plans to raise ₹4,750 crore from its 18-20 March initial
public offering (IPO), the largest this year. The REIT is selling its units for ₹299-300
apiece, which values it at ₹23,150 crore, or approximately $3.3 billion.
“There is a strong interest from foreign institutional investors (FIIs) as this is a
mature product in the western markets and, hence, they understand it better. They
have already received a large cheque from the Capital Group as part of a
strategic investor allocation and now they have received interest from FIIs such as
Fidelity, Schroders, and TT International to participate in their anchor book
allocation, which opens on Friday," said first of the three people mentioned above,
requesting anonymity as he is not authorized to speak with the media. The anchor
book is that part of an IPO that bankers can allot to institutional investors on a
discretionary basis. Anchor book subscriptions open a day before the launch of an
IPO and are seen as a gauge of institutional investor interest. Embassy REIT’s
portfolio comprised about 33 million sq.ft of office space across seven office parks
and four prime city-centre office buildings as of 31 December.
Economic and Political News
We will claim 2nd or 3rd spot among superpowers, says Nitin Gadkari
March may be the worst FY19 month for realtors as homebuyers delay
payments
India's iron ore imports rise 157% during April-December 2018, says report