TOP CORPORATE NEWS 15 September 2014

·        Yes Bank falls further, FIIs need RBI nod to buy shares

Shares of Yes Bank declined further to 4% after the Reserve Bank of India on Friday said the foreign investors will need RBI's approval to buy additional equity in the private sector lender.

·        LIC Housing to focus on high yielding products

LIC Housing Finance Ltd expects margins to improve led by reduction in its borrowings from the banks and focus on high yielding loans like loan against properties.

·        RIL's $10 billion investment depends on government approval

Reliance Industries $10 billion investment in new fields off the east coast depends on the government approving acceptable gas price, says its partner in KG D6 basin, Niko Resources during its annual general meeting.

·        Mastek up 15%, to merge insurance products & services biz

Shares of Mastek are roaring with hefty gains after it announced demerger of the insurance products and services business into a separate listed company.

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INDIAN BENCHMARK open higher with the Nifty rising above 7900

INDIAN BENCHMARK open higher with the Nifty rising above 7900 level supported by positive global cues, and capital goods, oil & gas, banks and metals stocks.

FURTHER, Aurobindo Pharma will be expanding the capacity of its active pharmaceutical ingredients ( APIs) unit (unit-11) in Vizag this fiscal. Indian Oil Corp is reportedly planning to raise processing of cheaper crude oil varieties to 30% by 2017-18.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net buyers of Rs. 490cr, as per the provisional figures released by the NSE.

                                                                                                                                                                       

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INDIAN BENCHMARKS end at 5- week low…Broader markets crash

INDIAN EQUITY BENCHMARKS ended at 5-week closing low dragged by heavy profit booking even investors sought the safety of defensive shares. Market fell after government said that General Anti-Avoidance Rules (GAAR) will be applicable from April 1, 2015. Market was hoping the government would defer GAAR to 2017.

·        1.  Further, Banking shares mainly PSUs fell for seventh straight session, touching over one-month low as the government has decided to reduce its stake in the public sector banks.

·        2.  Jain Irrigation Systems saw selling pressure on a 21 percent reduction in overall subsidy under National Mission on Sustainable Agriculture by Finance Minister Arun Jaitley in maiden Union Budget 2014-15.

The crucial resistance for Nifty is now seen at 7625 and above this 7730. Support for the immediate term is now placed at 7440 and next support will be 7360.

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INDIAN EQUITY MARKET STRATEGY-10 JULY 2014

INDIAN BENCHMARK have opened flat after the sharp fall in the previous two sessions even as market participants adopted a wait-and-watch stance ahead of Finance Minister Arun Jaitley's maiden Budget presentation later today.

FURTHER, ITC is likely to remain in focus after Union health minister Harsh Vardhan urged Finance Minister Arun Jaitley to raise tax on cigarettes in the upcoming final Union Budget for 2014-15 to deter people from smoking. Sebi imposed a fine of Rs10.3mn on Apollo Tyres for allegedly failing to comply with buyback regulations.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 265cr, as per the provisional figures released by the NSE.

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TOP CORPORATE NEWS

·        Sun Pharma at record high as Taro gains 17% post price hike

Shares of Sun Pharma up 3 percent after Taro rallied 17 percent in the US markets, reacting to its price hike of 11 products. Sun Pharma owns a 70 percent stake in Taro.

·        ONGC to invest Rs 5,700 cr in Mumbai High North development

Oil and Natural Gas Corp will invest over Rs 5,700 crore in redevelopment of its giant Mumbai High (North) oil and gas field off the west coast.

                                                                                                        

·        HDIL gains 4% on Citigroup stake buy

Housing Development & Infrastructure Ltd has moved higher by 4% as Citigroup bought 4 million shares of the Mumbai-based real estate developer for about Rs 38 crore through open market.

·        Union Bank surges 6%, shareholders' approval for QIP

Shares of Union Bank of India rallied as much as 5.6 percent after its shareholders approved raising of capital up to Rs 1,386 crore via qualified institutional placement.

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INDIAN BENCHMARK started on a very quiet note

INDIAN BENCHMARK started on a very quiet note with the benchmark indices hovering around yesterday's close.

FURTHER, HDFC Bank seeks shareholder approval in order to raise Rs 10,000 crore in the AGM meet to be held later during the day. Reliance Communication plans to raise Rs 4,300 crore by way of a qualified institutional placement of shares and a preferential offer to promoters.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 216cr, as per the provisional figures released by the NSE.

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TOP CORPORATE NEWS

·        Power Grid up 1%, to invest Rs 5500 cr for upgradation

Shares of Power Grid were up over 1 percent as it is going aggressive in its investment plans. In a board meeting, the central transmission utility has approved investing Rs 5,500 crore. 

                                                                                        

·        Jindal Steel bags Tata-Aldesa order

Jindal Steel and Power Ltd has won a large order to supply around 88,000 tonnes of long rails to the Tata–Aldesa joint venture for use in the Eastern Dedicated Freight Corridor.

·        ITC recovers after Monday's slide

ITC rose 2.29% by reports that Union health minister has urged Finance Minister to raise tax on cigarettes in upcoming Union Budget for 2014-15.

·        IRB Infra inks Rs 2,300 cr pact with NHAI for Haryana road

IRB Infrastructure has entered into a pact with National Highways Authority of India (NHAI) for a Rs 2,300 crore project for widening of a highway stretch in Haryana under National Highways Development Project.

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WPI (Wholesale Price Index) UPDATE

The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers. It shows the average price changes of goods sold in bulk, and they are a group of the indicators that follow growth in the economy.

May WPI inflation at 6.01% vs 5.2%, highest level since Dec 2013.

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INDIAN BENCHMARK open lower on first trading day

INDIAN BENCHMARK open lower on first trading day of the week tracking weak global cues along with capital goods shares leading the fall.

FURTHER, Apollo Tyres plans to expand the manufacturing capacity for off-highway tyres by investing about Rs.400 crore in its Kerala plant. GAIL India is planning to reduce its equity stake in ONGC's mega petrochem project at Dahej to 11.6 %.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net buyers of Rs. 358cr, as per the provisional figures released by the NSE.

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INDIAN BENCHMARKS drag by amid Iraq crisis

INDIAN EQUITY BENCHMARKS ended with a big fall with increase in crude oil prices amid increasing violence in Iraq. Brent crude oil hit a nine-month high near USD 115 a barrel as the United States threatened military action against Islamist militants who have taken towns and cities in Iraq, raising concerns over its oil exports.

Further, Hero MotoCorp is planning to enter Brazil by 2016 as it looks to consolidate position in the fast growing South American market. Lupin has launched its Ciprofloxacin for Oral Suspension, 5 g/100 mL and 10 g/100 mL in the US having received final approval from the FDA earlier.

The crucial resistance for Nifty is now seen at 7670 and above this 7700. Support for the immediate term is now placed at 7520 and next support will be 7475.

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CS PERFORMANCE MESSAGE:

STOCK FUTURES:

FUTURES INTRADAY:

PETRONET FUTURES BUY CALL 3 TG

JAIN IRRIGATION FUTURES SELL CALL 3 TG

ADANIENT FUTURES BUY CALL 3 TG

ARVIND LTD FUTURES BUY CALL 1 TG

PREMIUM FUTURES:

IOC FUTURES SELL CALL 3 TG

BHEL FUTURES SELL CALL SL TRIGGERED

NIFTY FUTURES:

BANK NIFTY FUTURES SELL CALL 3 TG

NIFTY FUTURES SELL CALL 3 TG

OPTION:

YES BANK 540 PUT BUY CALL 3 TG

DLF 210 PUT BUY CALL 2 TG

BANK NIFTY 15500 CALL BUY CALL SL TRIGGERED

OPTION PREMIUM:

STOCK CASH:

STOCK CASH INTRADY:

HINDPETRO SELL CALL 3 TG

IGL SELL CALL 3 TG

RELIANCE INFRA SELL CALL 3 TG

JUBILANT LIFE SCIENCE BUY CALL 1 TG

BERGER PAINT SELL CALL COST EXIT

STOCK CASH PREMIUM:

ALLAHABAD BANK SELL CALL 2 TG

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TOP CORPORATE NEWS

·        BPCL, HPCL shares surge on crude oil prices

Shares of Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation are down between 3-4% on increasing crude oil prices. Crude oil was near nine-month highs early as escalating civil war in Iraq.

·        L&T Construction wins orders worth Rs1027 Cr

L&T Construction has won new orders worth Rs1027 crore across various business segments in May and June 2014.

·        GAIL to invest Rs 141 cr in CNG highway corridor in UP

GAIL India Ltd signed an agreement to invest Rs 141 crore in building CNG highway corridors in Uttar Pradesh. GAIL Gas signed a memorandum of understanding (MoU) with Uttar Pradesh State Industrial Development Corp.

·        IOB seeks Rs 3,500 crore capital support from govt

Indian Overseas Bank has requested the government to provide a capital support of Rs 3,500 crore during the current fiscal. Last fiscal, the government infused Rs 1,200 crore in the bank to enhance its capital base.

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Agri & Bullion Commodity Market Level 12 June 2014

Bullion commodity market Level

CS COPPER (JUNE) OVERVIEW:

TREND CONSOLIDATE

SUP1: 397

SUP2:394                            

RESIST1:404

RESIST2:407

TRADING STRATEGY: SELL ON RISE

CAPITALSTARS.COM +919200099927

CS CRUDE (JUNE) OVERVIEW:

TREND BULLISH

SUP1:6150

SUP2:6100

RESIST1:6270

RESIST2:6340

TRADING STRATEGY: BUY ON DIPS

CAPITALSTARS.COM +919200099927

CS GOLD (AUG) OVERVIEW:

TREND BEARISH

SUP1:25940

SUP2:25600

RESIST1:26400

RESIST2:26920

TRADING STRATEGY: SELL ON RISE          

CAPITALSTARS.COM +919200099927

CS SILVER (JULY) OVERVIEW:

TREND CONSOLIDATE

SUP1:40100

SUP2:39800       

RESIST1:40800

RESIST2:41500

TRADING STRATEGY: SELL ON RISE

CAPITALSTARS.COM +919200099927

Agri Commodity market Level

CS CHANA (JULY) OVERVIEW:

TREND BEARISH

SUP1:2740          

SUP2:2650          

RESIST1:2850

RESIST2:2900

TRADING STRATEGY: SELL ON RISE

CAPITALSTARS.COM +919200099927

CS JEERA (JULY) OVERVIEW:

TREND CONSOLIDATE

SUP1:10830

SUP2:10700

RESIST1:11125

RESIST2:11250

TRADING STRATEGY: SELL ON RISE

CAPITALSTARS.COM +919200099927

CS TURMERIC (JULY) OVERVIEW:

TREND CONSOLIDATE

SUP1:5850

SUP2:5750

RESIST1:6070

RESIST2:6150

TRADING STRATEGY: SELL ON RISE

CAPITALSTARS.COM +919200099927

CS SOYABEAN (JULY) OVERVIEW:

TREND BEARISH

SUP1:4265

SUP2:4190

RESIST1:4360

RESIST2:4400

TRADING STRATEGY: SELL ON RISE

CAPITALSTARS.COM +919200099927

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TOP CORPORATE NEWS

·        Zee Entertainment up 6.5%, RBI allows 100% FII investment

Shares of Zee Entertainment Enterprises gained as much as 6.5 percent after the Reserve Bank of India allowed 100 percent investment by foreign institutional investors.

                                                                                                        

·        Metal shares gain after positive China signals

Metal shares such as JSW steel, Jindal steel, Tata steel firmed up on hopes of improvement in export demand after encouraging manufacturing data from China which recorded its fastest growth in May. China's official PMI of manufacturing activity in May was up at 50.8, a five-month high, compared with 50.4 in March.

·        Eicher Motors jumps after robust motorcycle sales in May

Eicher Motors jumped 4.39% after the company reported 86% rise in total motorcycle sales to 25,011 units in May 2014 over May 2013.

·        Cox & Kings sells camping business for Rs 892 crore

Cox & Kings has exited the camping business in Europe, selling the segment held by its subsidiary to French travel company Homair Vacances for about Rs 892 crore. Cox & Kings said it would use the proceeds to retire a portion of its Rs 4,200 crore debt before maturity.

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CS PERFORMANCE MESSAGE:

 STOCK FUTURES:

FUTURES INTRADAY:

PFC FUTURES SELL 3 TG

M&M FUTURES BUY CALL 3 TG

ORIENTAL BANK FUTURES SELL CALL 2 TG

SUN TV FUTURES SELL CALL 2 TG

ONGC FUTURES BUY CALL 1 TG

PREMIUM FUTURES:

M&M FUTURES BUY CALL 3 TG

FUTURES:

BANK NIFTY FUTURES SELL CALL 3 TG

NIFTY FUTURES SELL CALL 1 TG

OPTION:

ADANIENT 460 CALL BUY CALL 3 TG

M&M 1200 CALL BUY CALL 3 TG

NTPC 150 CALL BUY CALL COST EXIT

OPTION PREMIUM:

STOCK CASH:

STOCK CASH INTRADY:

MONNET ISPAT SELL CALL 3 TG

COX& KINGS SELL CALL 3 TG

ROLTA INDIA BUY CALL 1 TG (BOOKED AT 109.70)

STOCK CASH PREMIUM:

IGL BUY CALL 1 TG

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INDIAN BENCHMARKS have a listless (down) closing… Nifty breaks 7,250.

INDIAN EQUITY BENCHMARKS ended the last session of the week and the first day of the June derivatives series on a monotonous, albeit (although) choppy note in the absence of any enthusing cues from the global front.

Further, Mahindra and Mahindra has reported a 0.9 percent growth in net profit of Rs 896.9 crore in the quarter ended March 2014, driven by tax reversal and income from sale of investments. Tata Chemicals lost 3.87% after the company reported a consolidated net loss of Rs 1225.72 crore in Q4 March 2014, higher than net loss of Rs 188.03 crore in Q4 March 2013.

The crucial resistance for Nifty is now seen at 7270 and above this 7325. Support for the immediate term is now placed at 7120 and next support will be 7060.

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TOP CORPORATE NEWS

·        M&M posts Q4 profit at Rs 897 cr, tractor margin up 180 bps

Mahindra and Mahindra has reported a 0.9 percent growth in net profit of Rs 896.9 crore in the quarter ended March 2014, driven by tax reversal and income from sale of investments. Net profit in the year-ago period was Rs 889.2 crore.

·        Tata Motors Q4 profit at Rs 3918 crore

Tata Motors Ltd has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 39182.90 million for the quarter ended March 31, 2014 as compared to Rs. 39454.70 million for the quarter ended March 31, 2013.

·        Tata Power Q4 net loss at Rs1453.30mn

Tata Power Company Ltd has posted a net loss after tax, minority interest and share of loss of associates of Rs. 1453.30 million for the quarter ended March 31, 2014 as compared to net profit of Rs. 1813.60 million for the quarter ended March 31, 2013.

·        DLF Q4 net profit at Rs2196.80 mn

DLF Ltd has posted a net profit of Rs. 2196.80 million for the quarter ended March 31, 2014 as compared to net loss of Rs. 41.90 mn for the quarter ended March 31, 2013.

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