www.angelbroking.com Market Outlook July 11, 2018 www.angelbroking.com Market Cues Indian markets are likely to open positive tracking global indices and SGX Nifty. U.S. stocks saw some further upside during trading on Tuesday. With the upward move on the day, the S&P 500 reached its best closing level in five months. The Dow Jones was increased by 0.6% to 24,919 and the Nasdaq rose by 0.4% to 7,759. U.K. stocks were little changed in lackluster trade as Brexit concerns remained at the forefront and the day's economic data proved to be a mixed bag. The benchmark FTSE 100 inched up by 0.9% to 7,693. On domestic front, Indian shares opened higher on Tuesday to extend gains from the previous session as traders bet a full-fledged trade war between the U.S. and its trading partners is unlikely. The BSE Sensex was up by 0.8% to 36,240. News Analysis Airtel plans to rollout 10,000 new mobile sites in Bengal to boost network 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 (`) U psi de (%) Blue Star Capital Goods Buy 657 867 31.9 Dewan Housing Finance Financials Buy 610 720 18.0 Parag Milk Foods Others Buy 311 410 32.0 Bata India Others Buy 825 896 67.3 KEI Industries Capital Goods Buy 415 589 42.0 More Top Picks on Pg4 Key Upcoming Events Date Region Event Description Previous Reading Consensus Expectations Jul 11, 2018 China Consumer Price Index (YoY) 1.90 1.90 Jul 12, 2018 US Initial Jobless claims 231.00 225.00 Jul 12, 2018 India Industrial Production YoY 4.90 5.90 Jul 12, 2018 India Imports YoY% 14.85 Jul 12, 2018 India Exports YoY% 20.18 More Events on Pg7 Domestic Indices Chg (%) (Pts) (Cl ose) BSE Sensex 0.8 305 36,240 Nifty 0.9 94 10,947 Mid Cap 1.0 157 15,738 Small Cap 1.0 170 16,484 Bankex 0.6 171 29,830 Global Indices Chg (%) (Pts) (Cl ose) Dow Jones 0.6 143 24,919 Nasdaq 0.4 10 7,759 FTSE 0.9 25 7,693 Nikkei 0.7 145 22,197 Hang Seng (0.0) (6) 28,682 Shanghai Com 0.4 13 2,828 Advances / Declines BSE NSE Advances 1,690 1,265 Declines 975 528 Unchanged 127 98 Volumes (` Cr) BSE 2,568 NSE 27,677 Net Inflows ( ` Cr) Ne t Mt d Yt d FII 251 496 -4,343 *MFs 2,353 8,907 68,279 Top Gainers Price ( ` ) Chg (%) TRIDENT 61 12.0 MAXINDIA 82 9.1 IDBI 53 9.0 RTNPOWER 3 7.4 PRAJIND 80 7.0 Top Losers Price ( ` ) Chg (%) KWALITY 19 -4.1 MOTILALOFS 844 -3.8 HEXAWARE 494 -3.0 BLUESTARCO 650 -3.0 IBVENTUREPP 282 -2.8 As on July 10, 2018
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1 1
www.angelbroking.com
Market Outlook
July 11, 2018
www.angelbr oki ng.com
Market Cues
Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks saw some further upside during trading on Tuesday. With the upward
move on the day, the S&P 500 reached its best closing level in five months. The Dow
Jones was increased by 0.6% to 24,919 and the Nasdaq rose by 0.4% to 7,759.
U.K. stocks were little changed in lackluster trade as Brexit concerns remained at the
forefront and the day's economic data proved to be a mixed bag. The benchmark
FTSE 100 inched up by 0.9% to 7,693.
On domestic front, Indian shares opened higher on Tuesday to extend gains from
the previous session as traders bet a full-fledged trade war between the U.S. and its
trading partners is unlikely. The BSE Sensex was up by 0.8% to 36,240.
News Analysis
Airtel plans to rollout 10,000 new mobile sites in Bengal to boost network
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 657 867 31.9
Dewan Housing Finance Financials Buy 610 720 18.0
Parag Milk Foods Others Buy 311 410 32.0
Bata India Others Buy 825 896 67.3
KEI Industries Capital Goods Buy 415 589 42.0
More Top Picks on Pg4
Key Upcoming Events
Date Region Event Description Previous
Reading
Consensus
Expectations
Jul 11, 2018 China Consumer Price Index (YoY) 1.90 1.90
Jul 12, 2018 US Initial Jobless claims 231.00 225.00
Jul 12, 2018 India Industrial Production YoY 4.90 5.90
Jul 12, 2018 India Imports YoY% 14.85
Jul 12, 2018 India Exports YoY% 20.18
More Events on Pg7
Domestic Indices Chg (%) (Pts) (Close)
BSE Sensex 0.8 305 36,240
Nifty 0.9 94 10,947
Mid Cap 1.0 157 15,738
Small Cap 1.0 170 16,484
Bankex 0.6 171 29,830
Global Indices Chg (%) (Pts) (Close)
Dow Jones 0.6 143 24,919
Nasdaq 0.4 10 7,759
FTSE 0.9 25 7,693
Nikkei 0.7 145 22,197
Hang Seng (0.0) (6) 28,682
Shanghai Com 0.4 13 2,828
Advances / Declines BSE NSE
Advances 1,690 1,265
Declines 975 528
Unchanged 127 98
Volumes (` Cr)
BSE 2,568
NSE 27,677
Net Inflows (̀ Cr) Net Mtd Ytd
FII 251 496 -4,343
*MFs 2,353 8,907 68,279
Top Gainers Price (` ) Chg (%)
TRIDENT 61 12.0
MAXINDIA 82 9.1
IDBI 53 9.0
RTNPOWER 3 7.4
PRAJIND 80 7.0
Top Losers Price (` ) Chg (%)
KWALITY 19 -4.1
MOTILALOFS 844 -3.8
HEXAWARE 494 -3.0
BLUESTARCO 650 -3.0
IBVENTUREPP 282 -2.8
As on July 10, 2018
2
www.angelbroking.com
Market Outlook
July 11, 2018
www.angelbr oki ng.com
News Analysis
Airtel plans to rollout 10,000 new mobile sites in Bengal to boost
network
Telecom major Bharti Airtel plans to roll out 10,000 new mobile sites across West
Bengal in the current fiscal to boost network capacity for high speed data and
voice services. The telecommunications service provider will also start deploying
pre-5G massive MIMO technology in the city to offer a high speed data
experience to customers. "We will now undertake wide scale deployments of the
cutting-edge technology in key business and residential hubs across Kolkata," said
company's Chief Executive Officer (West Bengal and Odisha) Sameer Anjaria.
The technology, which will be deployed at major business hubs and residential
locations in the city, will expand network capacity by 5-7 times over the same
spectrum, and delivers fast data speeds despite large number of concurrent users
at the same location, a statement said. The planned roll-out will augment the
number of mobile sites in West Bengal by 35 per cent, taking the total number of
sites to 38,000.
Economic and Political News
Launches of residential units increase 40% in June quarter
Reliance-BP JV seeks licence to retail gas in 15 cities, IGL bids for 13
PPT sets ball rolling on Rs 35.44 billion projects for Smart Port City
Indian companies to resume large-scale exports to Iraq amid global blues
Corporate News
Automobile sector rides low base to high growth; passenger vehicle sales up
JSW Steel tweaks acquisition strategy, to acquire smaller plants
Bhushan Power decision on preferred bidder next week
Toyota recalls 2,628 units of Innova Crysta, Fortuner SUV over faulty part
Tata Coffee begins supplying homegrown blend to Starbucks globally