Wednesday, 31 May 2017

Reliance Communications hits fresh low on rating downgrade


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Shares of Reliance Communications extended selling spree on Wednesday, hitting fresh 52-week low, on the Bombay stock Exchange after the global rating agency Moody's Investors Service downgraded company’s rating and senior secured bond rating, citing weak performance and fragile liquidity position.

Extending previous session losses, shares of the company declined as much as 9.47 per cent to hit all-time low of Rs 18.15 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 18.35 against previous close price of Rs 20.05.

L&T`s construction arm bags orders worth Rs 5,146 cr



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India based multinational L&T on Tuesday said that its construction arm has bagged orders worth Rs 5,146 crore across various business segments, led by the power transmission and distribution business.

According to the company, the power transmission and distribution (PT&D) business has bagged major orders worth Rs 2,780 crore in the domestic and international markets.

Jet Airways` Q4 standalone net profit down 91%


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Airline major Jet Airways on Tuesday reported a massive decline of over 90.73 per cent in its standalone net profit for the fourth quarter (Q4) of 2016-17.

According to the company, its standalone net profit during the quarter under review declined to Rs 36.80 crore from Rs 397.16 crore reported in the corresponding period of 2015-16.

However, the Q4 standalone total income of the company inched higher by 5.65 per cent to Rs 5,759.58 crore from Rs 5,451.28 crore earned in the corresponding period of the previous fiscal.

Delhi Govt to demand lowering of tax slabs under GST

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The Delhi Government has said that it is planning to make a demand for lowering of tax slabs to protect the interests of the capital’s traders and industrialists.

The Deputy Chief Minister, Sisodia, a member of the GST Council said that after a series of meetings with the capital’s traders, he will forward a demand for lowering of tax slabs in the council’s meeting on June 3.

Commenting on the issue, Delhi’s Deputy Chief Minister, Sisodia told the media, “I have met over 32 traders associations today and it seems that increase in taxes through GST will have an adverse impact on the capital’s trade and growth.”

“GST could completely fail if the process of implementing the tax measure is not corrected. Tax slabs need to be reduced as that could affect our small-scale industries and trades,” he said.

“The Centre is pushing its ‘Make in India’ policy and transparency in taxes, but if the taxes are so high, all our industries will have to either shut down or the owners forced to evade taxes,” the deputy chief minister said.

RBI to strike less hawkish tone while standing pat


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The Reserve Bank of India is likely to keep interest rates unchanged at a review on June 7, but with inflation well below target its policy statement is likely to sound less hawkish than when the monetary policy committee last met.

The RBI has sprung several surprises since the MPC was formed last year to include the views of government and non-central bank officials. But the poll, conducted over the past week, suggested most economists saw little chance of being caught out this time.

An overwhelming majority, 56 of 60 surveyed, expected the committee to leave the repo rate, its main policy rate, unchanged at 6.25 percent, where it has been for the past six months.

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कौन से हैं वो शेयर जिनमें निवेश करके कमाया जा सकता है शानदार मुनाफा।

यूनाइटेड स्पिरिट्सः खरीदें, स्टॉपलॉस 2059 रुपये, लक्ष्य 2153 रुपये

सेंचुरी टेक्सटाइलः खरीदें, स्टॉपलॉस 1043 रुपये, लक्ष्य 1085 रुपये

कैन फिन होम्सः खरीदें, स्टॉपलॉस 2680 रुपये, लक्ष्य 2800 रुपये

United Spirits jumps 7%; JP Morgan overweight on stock, target Rs 2460


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Shares of United Spirits jumped close to 8 percent in the morning trade on the BSE on Wednesday hitting Rs 2249.15. United Spirits CEO Anand Kripalu said that the company has delivered a strong set of results with 4 percent net sales growth, despite a subdued economic environment due to demonetization as well as the run up to the highway ban.

Net sales during the quarter under review stood at Rs 6,474.2 crore as against Rs 5,930.9 crore in the year-ago period, up 9.16 percent.

For the fiscal ended March 31, 2017, USL reported a net profit of Rs 169.9 crore as compared to Rs 121.9 crore in the 2015-16 fiscal, up 39 percent.

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Open Interest in Index Futures


In last 10 days, FII are buyers of 99845 contracts and PRO are net buyers of 21973 contracts in Index Future. In June Expiry, in last 3 days, Fii have bought 29388 contracts and PRO have sold 3161 contracts.

Open Interest in Index Options


In last 10 days, FII are sellers of 78166 contracts and PRO are net sellers of 128456 contracts in Index Options. In June Expiry, in last 3 days, Fii have bought 42076 contracts and PRO have bought 14102 contracts.

CASH SEGMENT FII AND DII ACTIVITY


On 30th May 2017, FII sold Rs.217.10 Crore in cash segment. DII bought Rs.366.97 Crore. In combined FII and DII have a net buy figure of Rs.149.87 Crore.

Asia stocks tread water as China PMI in focus

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Asian stocks were steady in a cautious start on Wednesday after a weak session on Wall Street, while the sterling stumbled as a new poll found British Prime Minister Theresa May's Conservative Party risks falling short of an overall majority in next month's national election.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat. Early trade in Australia and Japan was mixed.

China's stock markets are in focus as they reopen after a long weekend with the official survey on manufacturing likely to set the tone for markets there and possibly the rest of the region. The PMI survey, due at 0100 GMT, is expected to show factory activity in China expanded at its slowest pace in eight months in May.

Wall Street slips as energy, financials lose ground >> Ripples Advisory Private Limited, Indore (9644405056)

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US stocks inched lower on Tuesday, with the S&P 500 retreating slightly from a record, as weakness in the energy and financial sectors outweighed gains in technology shares.

Oil prices fell to keep U.S. crude below the $50 a barrel mark on concerns output cuts by the world's big exporters may not be sufficient to lessen a global glut and signs of resurgent output in Libya.

The energy sector's 1.31 percent fall made it the worst performer among the major S&P 500 sectors. Exxon was down 0.6 percent.

Financial stocks, down 0.8 percent, also supplied some downward pressure. JPMorgan fell 1.7 percent and Bank of America lost 1.4 percent as the two biggest drags on the S&P 500.

Indian ADRs: Infosys, HDFC Bank, Dr Reddy's Labs gain; Tata Motors slips


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Indian ADRs ended mostly higher on Tuesday. In the IT space, Infosys was down 0.84 percent at USD 15.40 and Wipro shed 0.37 percent at USD 10.82.

In the banking space, ICICI Bank rose 0.31 percent at USD 9.75 and HDFC Bank added 0.36 percent at USD 86.85.

In the other sectors, Tata Motors slipped 0.59 percent at USD 36.85 and Dr Reddy's Laboratories jumped 2.07 percent at USD 38.05.

Rupee rebounds to 64.55 per Dollar in opening, gains 11 paise >> Free Stock Tips call- 9644405056


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The Indian Rupee rebounded to 64.55 against the US Dollar after correction in previous session. It gained 11 paise compared with previous day's closing of 64.66 a Dollar.

The Rupee to trade neutral against the Dollar.

It is likely to trade in the range of 64.50-64.80 a Dollar today.

Sensex, Nifty flat in opening >> Get Free Stock tips and more


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Equity benchmarks were mixed in opening trade, with the Nifty holding 9,600 level amid consolidation, ahead of GDP data for the March quarter and FY17.

The 30-share BSE Sensex was down 9.32 points at 31,150.08 and the 50-share NSE Nifty fell 0.95 points to 9,623.60.

Mahindra & Mahindra was top gainer in early trade, up 3 percent; followed by Lupin, Bharti Airtel, GAIL, ICICI Bank, IOC and Hindalco.

Infosys, ITC, TCS, NTPC, ONGC and Aurobindo Pharma were early losers.

International Market Morning Update by Ripples Financial Advisory


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In International markets, S&P 500 continued to trade above its breakout level of 2401 and yesterday closed at 2411.50. The Commerce Department announced Gross Domestic Product which climbed by 1.2 percent in the first quarter, as compared to the previously reported 0.7 percent increase.

31th May 2017- OPENING BELL >> Sector Specific Buying Continues After GST

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Yesterday, Indian Benchmark Index Nifty traded in a very narrow range of 44 points by making a high of 9635 and a low of 9581 and closed at 9625. Fertilizers, Paper and Cements are the sectors which has given a good rally after GST announcement.

Bank Nifty last day made a high of 23337 and closed at 23307 after making a low of 23094.

Small Cap Index last day opened at 7102, made a low of 7019 and closed at 7107 after making a high of 7112.

Nifty Future to open gap up by 12 points at 9627 against yesterdays close of 9615.05 as per SGX Nifty.

Tuesday, 30 May 2017

मॉनसून ने केरल में दिया दस्तक

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मॉनसून केरल में दस्तक दे चुका है। मौसम विभाग ने इसका एलान कर दिया है। केरल के साथ पूर्वोत्तर के इलाकों में भी मॉनसून पहुंच चुका है। दरअसल बंगाल की खाड़ी में उठे मोरा तूफान की वजह से मॉनसून की आगे बढ़ने में मदद मिली है।

महिंद्रा एंड महिंद्रा का मुनाफा 26.3% बढ़ा


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वित्त वर्ष 2017 की चौथी तिमाही में महिंद्रा एंड महिंद्रा का मुनाफा 26.3 फीसदी बढ़कर 874 करोड़ रुपये हो गया है। वित्त वर्ष 2016 की चौथी तिमाही में महिंद्रा एंड महिंद्रा का मुनाफा 691.5 करोड़ रुपये रहा था।

वित्त वर्ष 2017 की चौथी तिमाही में महिंद्रा एंड महिंद्रा की आय 4.3 फीसदी बढ़कर 10,612 करोड़ रुपये पर पहुंच गई है। वित्त वर्ष 2016 की चौथी तिमाही में महिंद्रा एंड महिंद्रा की आय 10,175 करोड़ रुपये रही थी।

Sensex remains rangebound, Nifty holds 9600-mark


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Benchmark indices were trading in a narrow range after posting gains during the morning session, with the Nifty being above 9600-mark.

The Sensex was up 67.22 points at 31176.50, while the Nifty was up 15.15 points at 9620.05. The market breadth was negative as 1,107 shares advanced against a decline of 1,448 shares, while 141 shares were unchanged.

Pharma stocks continued to see strong gains after days of correction.

Adani Ports, Aurobindo Pharma and NTPC gained the most, while BHEL, ITC, Bharti Infratel and BPCL lost the most.

Centrum maintains buy rating on Lupin >> Free Stock Cash Tips


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We maintain our Buy rating on Lupin and revise our target downwards to Rs 1,300 (earlier Rs1,880), based on 23x March’19 EPS of Rs56.5. Lupin’s Q4FY17 results were lower than our and consensus estimates due to the pricing pressure in the US generic market and muted guidance by the management.

The pharma major reported revenue growth of 1% YoY, 1290bps decline in margin to 18.4%, and 49% decline in net profit. In addition, the company’s Indore facility has been issued Form 483 with six observations by the US FDA. We believe the company’s robust growth across key markets coupled with a strong pipeline of 154 pending ANDAs will drive future growth. Key positive risk to our assumptions would be strong growth in the US market and key negative risk would be slower growth in the domestic market.

Don't press the panic button yet in midcaps, say analysts


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Nifty Midcap 100 index hit two-month low of 17,039 on the National Stock Exchange (NSE) in intra-day trade on Wednesday, after a sharp decline in stocks like Jubilant FoodWorks, Power Finance Corporation and Rural Electrification Corporation. The index is at its lowest level since March 30, 2017.

The Nifty Midcap 100 index that was trading at 17,166 levels, has under performed the market, falling 7.2% from its all-time high closing level of 18,948 on May 16, 2017. By comparison, the Nifty 50 index has gained nearly 1% during the period.

Pharma funds worst sectoral performers in a year >> Get NCDEX TIPS and more-

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Pharmaceutical funds have emerged the worst performers among sectoral ones in the past year, trailing other categories such as banking, information technology (IT), fast moving consumer goods (FMCG) and infrastructure. In a year, pharma funds have shed 8.5 per cent, shows data from Value Research. 

In this period, the benchmark BSE Sensex has returned 16 per cent, implying these funds have under performed the market by nearly 25 per cent. Weak results from Sun Pharmaceutical and Taro Pharma, overseas arm of the Sun Pharma.

India`s BHEL fourth-quarter profit falls 57 percent, misses estimates

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State-run power equipment maker Bharat Heavy Electricals Ltd reported a 57 percent fall in fourth-quarter net profit on Monday, missing analysts' estimates.

Net profit was 2.16 billion rupees ($33.47 million) in the quarter ended March 31, compared with 5.06 billion rupees a year earlier.

Analysts on average had expected a quarterly profit of 5.82 billion rupees.

Total revenue from operations fell 2.4 percent to 101.58 billion rupees.

Reliance Communications stock slides further on concerns about loan repayments


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Shares in Indian telecom operator Reliance Communications Ltd dropped on Tuesday, adding to a sharp slide a day earlier, hurt by investor concerns over its ability to service its loans.

Reliance Communications, widely known as RCom, sought to reassure investors in its quarterly conference call on Monday, saying it was in talks with its lenders to defer loan installments coming due in the next four months as it works on closing two deals.

The firm, controlled by billionaire Anil Ambani, plans to repay lenders 110 billion rupees ($1.7 billion) and refinance an even larger chunk by end-September, if lenders sign off on the merger of its wireless segment with rival Aircel and sale of a majority stake in its tower unit to Canada's Brookfield.

Adani says reaches royalties pact for its Australian coal mine


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Adani Enterprises said it had reached an agreement with Australia's Queensland state on royalty payments for its Carmichael coal project, putting the $10 billion project back on track.

The company will now consider making a final investment decision at its next board meeting.

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Shares of FMCG major ITC rose nearly 4 per cent, hitting 52-week high, on the Bombay stock Exchange after the company reported a 12.13 per cent growth in its standalone net profit at Rs 2,669.47 crore for the fourth quarter ended March 31, 2017, helped by spurt in revenue from cigarette segment. Boosted by strong Q4, shares of the company gained as much as 3.64 per cent to hit 52-week high of Rs 319.90 apiece on the Bombay Stock Exchange.

Larsen & Toubro`s Q4 consolidated net profit rises 29.5%


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India based multinational corporation Larsen & Toubro on Monday reported an an exponential rise of 29.5 per cent in its consolidated net profit for the fourth quarter (Q4) of 2016-17.

According to the company, its consolidated net profit during the quarter under review increased to Rs 3,025 crore from Rs 2,335 crore reported in the corresponding period of 2015-16.

The Q4 consolidated gross revenue of the multinational engaged in technology, engineering, construction, manufacturing and financial services edged higher by 12 per cent to Rs 36,828 crore.

On a full financial year 2016-17 basis, the company reported that its consolidated net profit rose by 43 per cent to Rs 6,041 crore.

The multinational's consolidated gross revenue during the fiscal under review was higher by eight per cent to Rs 110,011 crore.

Coal India Q4 net profit falls 38% to Rs 2,716 cr >> Get Daily Intraday Tips and more-



State miner Coal India on Monday posted a 38 per cent fall in net profit for the fourth quarter ended March at Rs 2,716 crore caused by lackluster power demand, falling realizations from e-auctions and efforts to keep prices below international levels.

The company had posted a profit of Rs 4,398 crore in the same period of last year.

For the full fiscal 2016-17, the company's net profit fell 35 per cent to Rs 9,266 crore, from Rs 14,268 crore in the previous fiscal.

Coal India's revenue from operations in the quarter, however, increased by 8.6 per cent to Rs 24,780 crore, from Rs 22,813 crore in the same period a year ago.

Power Grid Q4 net profit rises 22% >> Get Free Stock Tips and more- One Missed Call (9644405056)



State-owned Power Grid Corporation of India on Monday announced a 22.17 increase in its standalone net profit for the fourth quarter ended March at Rs 1,916.36 crore, compared with Rs 1,568.58 crore in the same period of 2015-16.

Standalone total income during the said quarter increased 17.87 per cent to Rs 7,054.45 crore, from Rs 5,984.49 crore in the corresponding period of the previous fiscal, the company said in BSE filing.

India`s GDP numbers to be revised due to new IIP, GDP series >> Free Stock Tips and more-


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A report has said that India's GDP numbers for the fiscal 2015-16 and 2016-17 are expected to be revised to 8.3 per cent and 7.6 per cent, respectively, because of new IIP and GDP series.

The GDP numbers scheduled to be released on May 31, is expected to be "pleasant affair" and the new IIP and WPI series will impact all GDP numbers from 2013-14.

Asia opens flat after OPEC extends output cut


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Stocks in Asia were mixed at the open on Friday, after major oil producers agreed to extend output cuts for an additional nine months at an OPEC meeting in Vienna yesterday.

The production cuts of 1.8 million barrels a day, first agreed on in November last year, will now extend to March 2018. The OPEC-led output cuts are targeted at rebalancing the global overhang in the oil markets which saw oil prices fall by more than half in recent years.

Indian ADRs: Infosys, ICICI Bank, Tata Motors gain; HDFC Bank slips

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Indian ADRs ended mixed on Monday. In the IT space, Infosys was up 0.13 percent at USD 15.53 and Wipro shed 0.09 percent at USD 10.86.

In the banking space, ICICI Bank rose 0.41 percent at USD 9.72 and HDFC Bank slipped 0.17 percent at USD 86.54.

In the other sectors, Tata Motors jumped 1.39 percent at USD 37.07 and Dr Reddy's Laboratories fell 0.69 percent at USD 37.28.

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US stocks rose on Thursday, with the S&P 500 and Nasdaq Composite hitting new highs, helped by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.

The discretionary index was up 1.2 percent, while the S&P 500 retail index was up 1.9 percent, on track for its best day since Nov. 7.

Best Buy jumped more than 22 percent, hitting a record high and making it the top gainer on the S&P, after its comparable sales unexpectedly rose last quarter.

Rupee opens at 64.48 per Dollar >> Get Daily Intraday Tips- One Mised Call (9644405056)

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The Indian Rupee has opened at 64.48 against the US Dollar on Monday.

Positive cues from the equity market will help Rupee gain further and test 64.20 level.

Expected the USD-INR pair to trade in a range of 64.20-64.80 against the US Dollar.

Sensex recoups opening losses, Nifty above 9600; ICICI Bank leads



Anil Dhirubhai Ambani Group stocks rebounded after a 6-18 percent correction in previous session.

Reliance Infrastructure, Reliance Defence, Reliance Capital and Reliance Power gained 1-2 percent.

Equity benchmarks recouped opening losses, with the Nifty reclaiming its 9600 level, backed by banking & financials, auto and pharma stocks.

The 30-share BSE Sensex was up 52.31 points at 31,161.59 and the 50-share NSE Nifty rose 9.85 points to 9,614.75.

30th May 2017- OPENING BELL >> Fertilizer,Paper,Chemical Sector Top Performers, After GST Announcement- Get Free Stock Tips and more-

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Yesterday, Indian Benchmark Index Nifty made a new record high of 9638 and closed at 9605. The Index opened at 9560 and made a low of 9548. Paper, Fertilizer and Jeweler sectors remain top performers after Nifty rebounded from its 24th May low.

Bank Nifty too made a record high of 23464. The Index closed at 23183 after making a low of 23141.

Smallcap Index showed profit booking as Index fell 2.06%, the Index opened at 7278 and made a high of 7287 and closed at 7111 after making low 7099.

Nifty Future to open gap down by 20 points at 9589 against yesterdays close of 9609.10 as per SGX Nifty.

Monday, 29 May 2017

Various tax slabs of GST creating anxiety to traders

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Confederation of All India Traders has said that classification of different items under various tax slabs of GST has created an environment of anxiety and concern among the trading community across the country.

Commenting on the development, a CAIT Official told the media, “Various verticals of retail trade are demanding lower tax on items being dealt by them since they have been categorized under higher tax slab in comparison to tax slab of current VAT tax regime.”

Higher GST on biodiesel to adversely impact industry


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Raising concerns over the implementation of the Goods and Services Tax (GST), the Biodiesel Association of India feels higher GST rates could adversely impact the sector. "High GST rate could shut the biodiesel industry, which is already reeling under the pressure of complex and varied taxation policies of the states.

Lack of clarity on the policy front has made it even more vulnerable for the industry players," the association said in a statement. The government wants to cut its crude import by 10 per cent, but the high incidence of tax on biodiesel will make it costlier than diesel and ultimately make it uncompetitive, the association said.

India clarifies tax on solar power equipment, parts at 5 percent


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India will levy a 5 percent tax on all equipment required for generating solar power compared with nil duty now, a government official clarified, putting an end to confusion about the new taxation policy for the industry after its landmark tax reform.

"All solar equipments and its parts would attract 5 percent GST only," Revenue Secretary Hasmukh Adhia said in a tweet on Sunday, contrary to the initially planned two tax slabs of 5 percent and 18 percent.

India, the world's third biggest greenhouse gas emitter, has set a target to produce 100 gigawatts of solar power in five years to fuel its economic expansion while reducing its carbon footprint.