Thursday, 28 April 2016

Sensex, Nifty Open in Red on Expiry Day

The market has opened lower on April Future & Options expiry day as global cues weigh on India.

The Sensex is down 20.47 points at 26043.65 and the Nifty is down 11.45 points at 7968.45.

About 292 shares have advanced, 163 shares declined, and 35 shares are unchanged.

Bharti Airtel, Cipla, ONGC, Sun Pharma and Coal India are top gainers in the Sensex while Maruti, Infosys, ITC, HDFC and Reliance are losers.

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Indian ADRs: ICICI Bank, Tata Motors Slip; HDFC Bank Up 0.37%

Indian ADRs ended mixed on Wednesday. In the IT space, Infosys was down 0.01 percent at USD 19.22 while Wipro was up 0.01 percent at USD 12.34.

In the banking space, ICICI Bank was down 0.11 percent at USD 7.48 and HDFC Bank was up 0.37 percent at USD 63.48.

In the other sectors, Tata Motors was down 0.18 percent at USD 31.37 and Dr Reddy's Laboratories was up 0.34 percent at USD 46.79.

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Rupee Opens Marginally Higher at 66.52/$

The Indian rupee has opened at 66.52 per dollar, up 0.04 percent or 0.02 on Wednesday.

Ratings says outcome of key central bank meetings, both BoJ and Fed, is expected to keep the balance of risk in favour of EM currencies. She says, with dollar continuing to note headwinds, rupee may benefit in the near term on account of 'risk-on' sentiment. in the near term.


She is eyeing a range of 66.20-66.85 per dollar on the rupee. The dollar holds near a 3-week high against the yen on expectations of further Bank of Japan easing this week.

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Asia Mkts Mixed in early Trade, as Investors await BOJ Decision

Asian markets traded mixed on Thursday, ahead of a Bank of Japan monetary policy decision, and after most major US indexes held onto gains overnight following the US Federal Reserve's decision to stand pat on rates.

Australia's ASX 200 was up 0.44 percent in early trade, boosted by advances in the energy, materials and financials sub-indexes.

In Japan, the Nikkei 225 advanced 1.03 percent, while across the Korean Strait, the Kospi wavered between positive and negative territory before trading down 0.19 percent.

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Wall Street Ticks up as Hawkish Fed Fears ebb; Apple Weighs

US stocks ended slightly higher on Wednesday after fears eased that the Federal Reserve would strongly signal it would raise interest rates in June, though a slump in Apple shares weighed on the Nasdaq index. 

Stocks in the telecom and utilities sectors, seen as proxies for fixed income returns when Treasury yields are expected to remain low, rose sharply after the Fed's announcement.

That indicates market participants expect US government yields to remain subdued.

"The big takeaway here is they (the Fed) continued to be positive on the domestic economy," said John Bailer, senior portfolio manager at The Boston Company Asset Management.


"They have taken out some of the risk on the global economy." "It is slightly hawkish in my mind but not enough to get the market worried about it."

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Wednesday, 27 April 2016

Sensex, Nifty end at 2016 Closing High; Banks Drag, FMCG Soar

Both the benchmark indices were at 2016 closing high ahaed of April Futures & Option expiry tomorrow. 

The Sensex ended up 56.82 points or 0.2 percent at 26064.12,

and the Nifty was up 17.25 points or 0.2 percent at 7979.90.

 About 1274 shares have advanced, 1281 shares declined, and 193 shares are unchanged. 

FMCG, banks and oil & gas stocks lend support to the market. Adani Ports, Bharti, ONGC, GAIL and M&M were top gainers while ICICI Bank, Axis Bank, SBI, Hindalco and BHEL were losers in the Sensex.


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Today's Call Performance in Equity & Commodity Segment - Ripples Advisory


BUY DISHTV 90CE ABOVE 2.40 TGT 2.6, 3.05 SL 2 BELOW

BUY IDBI 70 CE ABOVE 2.30 TGT 2.6 , 3.05 SL 1.80 BELOW

BUY GOLD ABOVE 29300 TGT 29350,29430 SL BELOW 29220

BUY SILVER @40750-@40700 TGT 41000,41350 SL BELOW 40400

BUY L&TFH ABOVE 73 TGT 73.25,73.65 SL BELOW 72.40


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Axis Bank Expects more bad Loans in FY17 as Q4 profit Falls

Axis Bank Ltd, India's third-biggest private sector lender by assets, said it expected bad loans to rise in the current financial year and credit costs to be sharply higher, after reporting a fall in fourth-quarter profit.

Indian banks' bad loans have surged in the past six months after an asset quality review ordered by the central bank as part of a clean-up exercise.

Mumbai-based Axis Bank expects more bad loans in the financial year that began in April, finance chief Jairam Sridharan said, although he expected "some remission" towards the end of the year.

"Our outlook with respect to asset quality...continues to remain cautious," he said on a conference call.

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Maruti Suzuki eyes Africa Investment after Quarterly Profit Fall

India's biggest carmaker Maruti Suzuki India is conducting a feasibility study for a new assembly plant in Africa, a top executive said after the company posted its first fall in quarterly net profit in two years.

A push into Africa, where there is high demand for small, inexpensive cars, makes sense for the likes of Maruti Suzuki, analysts have said. Establishment of it own plant in the region could also help it to contend with stricter rules on local sourcing, which have weighed on its exports to the region.

Maruti is evaluating the suitability of different African markets for an assembly plant, managing director Kenichi Ayukawa told reporters on Tuesday, adding that the study is in its early stages.

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Sensex, Nifty Open in Red

The market has opened lower as the Sensex is down 86.39 points or 0.3 percent at 25920.91.


The Nifty is down 20.95 points or 0.3 percent at 7941.70.

About 279 shares have advanced, 121 shares declined, and 31 shares are unchanged.

Bharti Airtel, ONGC, Adani Ports, Coal India and BHEL are top gainers while Axis Bank, ICICI Bank, M&M, Maruti and Dr Reddy's Labs are losers in the Sensex.

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Rupee opens Marginally Higher at 66.52/$

The Indian rupee has opened at 66.52 per dollar, up 0.04 percent or 0.02 on Wednesday.


outcome of key central bank meetings, both BoJ and Fed, is expected to keep the balance of risk in favour of EM currencies. She says, with dollar continuing to note headwinds, rupee may benefit in the near term on account of 'risk-on' sentiment. in the near term.

She is eyeing a range of 66.20-66.85 per dollar on the rupee.

The dollar holds near a 3-week high against the yen on expectations of further Bank of Japan easing this week.


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Asia Mixed; ASX Up 0.5%, Nikkei Flat, Kospi Down 0.12%

Asia markets were mixed in early trade on Wednesday, ahead of key central bank decisions from the US Federal Reserve, the Bank of Japan (BOJ) and the Reserve Bank of New Zealand in the next 48 hours.

Australia's benchmark ASX 200 was up 0.45 percent, led by advances in the financials, energy and materials subindexes. In Japan, the Nikkei 225 initially advanced 0.25 percent before giving up gains to trade flat, while across the Korean Strait, the Kospi was down 0.12 percent.

Stateside, the Dow Jones industrial average was up 0.07 percent, the S&P 500 finished 0.19 percent higher and the Nasdaq composite was down 0.15 percent.


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Wall Street Closes on Positive note; S&P 500 Gains 3.91%

The dollar fell on Tuesday after weaker-than-expected U.S. economic data boosted expectations the Federal Reserve would hold interest rates lower for longer, while US Treasury yields touched five-week highs as traders made room for government debt supply ahead of the central bank's policy statement.

US durable goods orders rebounded less than anticipated in March and a survey of American consumer confidence missed expectations, adding to a slew of weak data on the US economy in the first quarter.


Tuesday's economic data "plays into the idea that the Fed need not be in any rush to raise rates," said Richard Franulovich, senior currency strategist at Westpac Banking Corporation in New York.

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Tuesday, 26 April 2016

Morgan Stanley pegs Jio Revenues at $1 bn in 2016-17

Expecting Reliance Jio to launch its 4G services over the next 3-9 months after an investment to date of over $19 billion, Morgan Stanley expects the retail-to-refining major to log revenues of $1 billion from the telecom business this financial year.

In a post-results analysis, the top investment banker said it also expected Jio to have more than 30 million subscribers by the end of this financial year doubling to 60 million by the next, with an average revenue per user that will be 1.3 times to 1.8 times higher than the industry level.

It said the current voice and data realisation per user was Rs.200.

"Capex (capital expenditure) spend is to be front-ended, expected at over $4.5 billion in 2016-17 -- thus (it) would take the total investments into the venture to over $23 billion into the launch, among highest in the industry," it said.

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F&O cues: Nifty 8100 Call Sheds 14.2 lakh Shares in OI

Nifty 7900 Call added 11.7 lakh shares in Open Interest on April 25

Nifty 8100 Call sheds 14.2 lakh shares in Open Interest

Nifty 7700 Put added 10.9 lakh shares in Open Interest

Nifty 7750 Put adds 13.6 lakh shares in Open Interest

Nifty 7900 Put sheds 9.4 lakh shares in Open Interest


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Asia mixed: ASX down 0.2%, Nikkei down 0.5%, Kospi up 0.1%

Asia stocks were mixed on Tuesday, after energy plays led to a decline in US equities overnight, and as investors likely took to the sidelines ahead of major central bank monetary policy decisions due later in the week. 

Australia's ASX 200 down 0.16 percent, Japan's Nikkei 225 was off 0.51 percent, while the Kospi gained 0.12 percent. 

The US Federal Open Market Committee (FOMC) begins its two-day policy meeting later today local time, while decisions from the Reserve Bank of New Zealand and the Bank of Japan are due Thursday Asia time.

 Most analysts expect the Fed to stand pat on rates, while half of the analysts polled by Reuters expect the Bank of Japan (BOJ) to ease its monetary policy further.

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Rupee Opens Marginally lower at 66.72 per Dollar

The Indian rupee has opened marginally lower at 66.72 a dollar on Tuesday compared to 66.61 a dollar in previous session.

The crucial 2-day FOMC meeting starts today with market expectations of no rate action. However, the statements following the policy will be keenly analysed, he adds.


According to him, the USD-INR pair continues to trade in the Rs 66-67/USD range. He expects the pair to trade in this range awaiting the outcome from FOMC.


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Indian ADR: Wipro up; ICICI Bank, Tata Motors Slip

Indian ADRs ended lower on Monday. In the IT space, Infosys remained unchanged at USD 19.08 while Wipro was up 0.08 percent at USD 12.29. 

In the banking space, ICICI Bank was down 0.19 percent at USD 7.59 and HDFC Bank fell 0.27 percent at USD 62.67. 


In the other sectors, Tata Motors slipped 0.74 percent at USD 30.56 and Dr Reddy's Laboratories shed 0.68 percent at USD 46.77.


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Wall Street ends Slightly lower on Energy

Energy shares dragged Wall Street slightly lower on Monday, tracking a decline in oil prices, while earnings and guidance from companies including Perrigo and Xerox also weighed on US stocks. 

With the S&P 500 up in eight of the past 10 weeks and nearing the record high set almost a year ago, traders are struggling to find reasons to push it even higher as underwhelming earnings and the specter of higher interest rates hover over markets. 

Perrigo Co, down 18 percent after it lowered its adjusted profit forecast for the full year, was among the largest drags on the S&P 500. 

Its Chief Executive and Chairman Joseph Papa resigned to take the reins at Valeant Pharma, whose US-traded shares have tumbled nearly 85 percent from last August.

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Monday, 25 April 2016

Nifty Ends at 7855, Sensex Slips 159 pts

The Sensex was down 159.21 points or 0.6 percent at 25678.93, and 

the Nifty slipped 44.25 points or 0.6 percent at 7855.05. 

About 1077 shares advanced, 1533 shares declined, and 146 shares were unchanged. 

Bharti Airtel, TCS, Adani Ports, Bajaj Auto and Infosys were top gainers while Reliance, Maruti, Hindalco, NTPC and ONGC were losers in the Sensex.

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Zensar Tech Shares plunge Nearly 8% on Disappointing Q4 profit

Shares of software services firm Zensar Technologies today plunged nearly 8 percent after the company reported decline in consolidated net profit for the March quarter. 

The scrip of the mid-sized IT firm dipped by 7.77 percent to Rs 919 at BSE. On NSE, it tumbled 7.84 percent to Rs 920.

Zensar Tech on Friday reported a marginal dip in consolidated net profit at Rs 70.67 crore for the March quarter, weighed down by lower revenue from its maintenance services business. 

The Pune-headquartered firm had posted a net profit of Rs 71.80 crore in the year-ago period. Its consolidated revenue rose by 12.4 percent to Rs 751.39 crore in the January-March quarter last fiscal from Rs 668.09 crore in the same quarter of 2014-15. 

For the entire 2015-16 fiscal, Zensar reported a net profit of Rs 311.90 crore and revenue at Rs 2,978.04 crore.


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RBI must consult with govt over UDAY scheme

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The Reserve Bank of India (RBI) should talk to the government over the Ujwal Discom Assurance Yojana (UDAY) scheme, said Minister of Power and Coal. 

RBI, in a recent report contradicting the government, had said the discom scheme will have an adverse impact on the financials of state governments. 

 “I do wish they (RBI) would talk to us and we will be able to satisfy them that the UDAY scheme is a win-win for everybody including the states,” 

A committee headed by former Central Vigilance Commissioner VC Pratyush Sinha along with former bankers and regulators have been formed to look into the government’s five ultra mega power projects (UMPP), announced in the 2015 Budget.

Sensex, Nifty open flat; SBI, Bharti, GAIL top Gainers

The market has kick-started the week with mild gains. 

The Sensex is up 22.17 points at 25860.31, and 

the Nifty is down 4.50 points at 7894.80.

About 357 shares have advanced, 168 shares declined, and 28 shares are unchanged. 

GAIL, Bharti Airtel, Dr Reddy's, SBI and HDFC Bank are top gainers while BHEL, Hero MotoCorp, Lupin, Maruti and ITC are losers.

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FIIs in F&O on February 22

FII net buy Rs 541 crore in Index Futures

FII net buy Rs 1117 crore in Index Options

FII net buy Rs 60 crore in Stock Futures


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F&O cues: Nifty 8100 Call adds 12 lakh shares in Open Interest

Nifty 7800 Call shed 3.4 lakh shares in Open Interest on April 22

Nifty 8050 Call added 4.1 lakh shares in Open Interest

Nifty 8100 Call added 12 lakh shares in Open Interest 



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Rupee Slips 16 Paise, Opens at 66.65 per Dollar

The Indian rupee slipped in the early trade on Monday. It has opened lower by 16 paise at 66.65 per dollar versus 66.49 Friday. 

"Rupee is still trading in narrow range. A close below 66.50/dollar on Friday will support the rupee to appreciate towards 66.20/dollar levels." 

He further added, "The trading range for the day will be between 66.20-66.80/dollar."


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Asia Markets Mixed; Nikkei Down 0.2%, Kospi nearly Flat

Asia markets wavered between positive and negative territory on Monday, after major local indexes eked out gains last week. 

The Japanese benchmark Nikkei 225 was down 0.19 percent after flirting with positive territory briefly. 

Last week, the index added 4.3 percent. Across the Korean Strait, the Kospi was down 0.11 percent. Markets in Australia and New Zealand are closed for ANZAC day public holiday on Monday. 

In the currency market, the yen weakened sharply against the dollar, trading at the 111 handle, compared with the 107 handle briefly touched early last week. 

In the previous session, the yen finished at 111.78 to the dollar and on Monday, as of 8:15 a.m. HK/SIN, the pair traded down 0.38 percent at 111.36.


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Saturday, 23 April 2016

Wall Street ends flat; Alphabet and Microsoft Tumble

Wall Street finished flat on Friday after disappointing quarterly reports from Microsoft and Alphabet slammed tech stocks, while a surge in oil prices lifted energy shares.

The S&P technology sector dropped 1.9 percent, its worst decline since early February, with Facebook down 2.5 percent and Intel falling 1.03 percent.

Microsoft dropped 7.17 percent, contributing the biggest drag to the S&P 500, and Google-parent Alphabet lost 5.41 percent as investors punished both companies for missing profit and revenue estimates. It was Alphabet's worst day since 2012.

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Indian ADRs: Dr Reddy's Lab, Tata Motors, HDFC Bank Up

Indian ADRs ended mostly higher on Friday. In the IT space, Infosys was up 0.14 percent at USD 19.08 and Wipro was down 0.15 percent at USD 12.21.

In the banking space, ICICI Bank was down 0.07 percent at USD 7.78 and HDFC Bank gained 0.31 percent at USD 62.94.

In the other sectors, Tata Motors rose 0.41 percent at USD 31.30 and Dr Reddy's Laboratories added 0.43 percent at USD 47.45.

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Friday, 22 April 2016

Nifty ends Below 7900, Sensex Down

The market has ended in red on a day of consolidation. 

The Sensex was down 42.24 points or 0.2 percent at 25838.14, and 

the Nifty slipped 12.75 points or 0.2 percent at 7899.30. 

About 1242 shares advanced, 1313 shares declined, and 165 shares were unchanged.



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एफआईआई निवेश जरूरी, 15% ग्रोथ की उम्मीद

बाजार की चाल पर बात करते हुए कोटक लाइफ इंश्योरेंस के हेड ऑफ इक्विटी, हेमंत कानावाला का कहना है कि बजट के बाद बाजार में जो तेजी आई है, वो ग्लोबल बाजारों और डॉलर में मजबूती की वजह से दिखी है। हालांकि भारत में मनी मार्केट में विदेशी निवेश कम आ रहा है, ऐसे में अगर एफआईआई का निवेश अच्छा रहा तो बाजार में तेजी जारी रहेगी।

हेमंत कानावाला के मुताबिक मौजूदा वित्त वर्ष के दौरान बाजार में 15 फीसदी ग्रोथ की उम्मीद है। तेजी के माहौल में निफ्टी 8200-8300 तक जाने की उम्मीद है। तेजी के माहौल में बैंकिंग सेक्टर से अच्छे रिटर्न की उम्मीद है। सीमेंट सेक्टर में अच्छी अर्निंग के कारण तेजी दिखेगी। ऑयल एंड गैस सेक्टर के भी फायदे में रहने की उम्मीद है। क्रूड के दाम चढ़ने से ऑयल एंड गैस सेक्टर को फायदा होगा।

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Tata Steel Extends Rally, up 2% as UK govt agrees to buy 25%

Shares of Tata Steel jumped over 2 percent intraday on Friday, extending its rally. Investors are jubilant that the UK government is willing to acquire 25 percent stake in Tata Steel's UK operations to help potential buyers eyeing ownership of the Indian steel giant's loss-making plants. 

The money "worth hundreds of millions of pounds" is being put up jointly by the UK and Welsh governments and will be made available to potential buyers as part of a support package for the crisis-hit steel industry, according to the business department here.

Business Secretary Sajid Javid had earlier said any money would be offered on commercial terms, quashing talks of nationalising the industry. 

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China adds 3.18 Million Urban Jobs in Q1

China added 3.18 million new urban jobs in the first quarter and kept unemployment levels broadly stable, Xinhua said on Friday, citing the social security ministry. 

The urban unemployment rate was 4.04 percent at the end of first quarter, flat from the end of 2015 and slightly lower than the year ago period, Xinhua said.

Premier Li Keqiang said at China's annual parliament in March that China will create 10 million new jobs and hold the urban unemployment rate below 4.5 percent in 2016.


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Nifty Opens below 7900, Sensex Slips

The market has fallen in early trade as Bank Nifty also slipped into red. 

The Sensex is down 64.44 points or 0.2 percent at 25815.94, and 
the Nifty is down 22.85 points or 0.3 percent at 7889.20. 

About 334 shares have advanced, 267 shares declined, and 50 shares are unchanged.


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Rupee Opens at 66.50 per Dollar, down 11 Paise

The Indian rupee opened lower by 11 paise at 66.50 per dollar on Friday against previous close of 66.39. 

"Weak dollar index will help rupee to appreciate. 66.20/dollar will continue to act as strong resistance. Trading range for the day will be 66-66.50/dollar."


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Indian ADRs: Infosys, Wipro down, ICICI Bank gains

Indian ADRs ended mixed on Thursday. In the IT space, Infosys shed 0.40 percent at USD 18.94 and Wipro fell 0.60 percent at USD 12.36. 

In the banking space, ICICI Bank gained 0.49 percent at USD 7.85 and HDFC Bank was down 0.74 percent at USD 62.63. 

In the other sectors, Tata Motors was up 0.09 percent at USD 30.89 and Dr Reddy's Laboratories was up 0.39 percent at USD 47.02.


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Wall Street cedes ground after Mixed bag of Earnings

Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications that a strike by workers would likely impact its bottom line.

The benchmark S&P 500 index in recent days had rallied to within 1 percent of its May record high, buoyed by a softer dollar and recovering crude prices. But investors had little patience for quarterly scorecards failing to meet already toned-down expectations.

"Earnings have been decent, outperforming, but outperforming expectations that have been dramatically lowered," said Charlie Johnson, a sales trader at Greentree Brokerage Services in Philadelphia. "So it's like a shell game."

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Thursday, 21 April 2016

Sensex, Nifty end Flat

After a stellar rally, the market ended flat before turning into red. 

The Sensex closed up 36.20 points or 0.1 percent at 25880.38, 

and the Nifty slipped 2.70 points at 7912.05. 

About 1080 shares advanced, 1496 shares declined, and 151 shares were unchanged. 

ICICI Bank, SBI, Coal India, Axis Bank and ONGC were top gainers while Wipro, BHEL, Hero MotoCorp, ITC and Infosys were losers in the Sensex.

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