Movers & Shakers: Check out the top gainers and losers of D-Street this week

The Nifty 50 closed last session of the week on a strong note after a roller coaster ride, led by positive global cues. The rally globally was driven by the news that the US and China will hold trade talks next week.

The index managed to hold 10,700 levels and formed 'Hammer' kind of pattern on the daily charts and 'Bearish Engulfing' pattern on the weekly scale. During the week, the Nifty50 slipped 1.2 percent.

At the close of market hours, the Sensex was up 181.39 points or 0.51 percent at 35695.10, and the Nifty up 55.10 points or 0.52 percent at 10727.40. The market breadth was narrow as 1322 shares have advanced, against a decline of 1255 shares, and 159 shares are unchanged.

The S&P BSE Small-cap index which fell by about 23 percent outperformed Sensex, Nifty as well as the S&P BSE mid-cap index. The index fell by 0.09

percent, compared to a 1.2 percent fall in the Nifty and 1.39 percent drop seen in the S&P BSE Mid-cap index.

India VIX fell by 3.74 percent at 16.16 levels. VIX needs to hold below 16 zones to again get a bounce back move in the market.

Here's a look at the top gainers and losers for the week gone by:

Top Gainers

Bharti Infratel: Up 8%

Shares of Bharti Infratel and Airtel rose after the company added more than 1 lakh new users in November after two months of decline, according to the industry data. Bharti Airtel is planning to raise Rs 12,000-15,000 crore in FY19 through an issue of fresh shares to repay debt and bring down borrowing costs, according to a report in The Economic Times.

According to the report, the third round of fundraising will be done through equity dilution in Bharti Infratel, which is in the midst of a merger with Indus Towers. After the merger, Bharti Airtel will hold up to 37.2 percent stake in Bharti Infratel, which will own more than 1.63 lakh towers across India.

YES Bank: up 4.5%

Yes Bank shares on Friday gained 3.45% after touching an intraday high of Rs 190.25. An announcement made by the bank that they have sold 2,30,655 equity shares having nominal value of Rs.100 each, constituting 30% of the paid-up share capital of 'Valecha Investments Private Limited' which was acquired by way of invocation of pledge by the bank.

Bank of Baroda: Up 2.8%

Bank of Baroda said its board has approved raising up to Rs 1,285 crore by issuing Basel III compliant bonds. In two separate decisions, the committee of the bank approved issuance of tier II capital bonds compliant with Basel III capital regulations of Rs 1,000 crore, with a base issue size of up to Rs 250 crore and a green shoe option to retain oversubscription up to Rs 750 crore in single or multiple tranches, the bank said in a regulatory filing.

Sun Pharma: up 2%

Drug major Sun Pharma on Thursday said it has completed acquisition of Japan-based Pola Pharma to strengthen its presence in dermatology segment across the globe.

The acquisition of 100% shares of Pola Pharma Inc Japan by the company’s wholly owned subsidiary has been concluded, Sun Pharma said in a BSE filing.

Sun Pharma had entered into a definitive agreement to acquire Pola Pharma, which is engaged in research and development, manufacture, sale and distribution of branded, and generic products in Japan, it said in a regulatory filing dated November 26, 2018.

Top Losers

Eicher Motors, down 13%

Shares of Eicher Motors fell over 7% last Wednesday after the company said total sales of its Royal Enfield two-wheeler division declined 13% to 58,278 units in December, compared to 66,968 units in the same period last year. The stock hit new 52-week low of Rs 20001 per share on Januray 4, 2019.

Mahindra & Mahindra, down 9.7%

Shares of auto major Mahindra & Mahindra was down close to 10 percent for the week gone by after the company on Tuesday reported 6 percent decline in its total tractor sales at 17,404 units in December 2018. The company had sold 18,488 units in the year-ago month, Mahindra & Mahindra (M&M) said in a statement. Domestic tractor sales were at 16,510 units last month as against 16,855 units in December 2017, down 2 percent, it added.

Ashok Leyland, down 5.79%

Ashok Leyland share price were down over 5 percent for the week after the company disappointed Street on Wednesday by reporting a sharp 20 percent fall in sales for the month of December 2018 due to subdued consumer sentiment. Sales performance dented by M&HCV segment which registered a 29 percent year-on-year decline to 11,295 units, the company said.

Hindalco Industries, down 5.6%

Steel major Hindalco Industries' share price ended the week 5 percent lower after China’s factory activity contracted for the first time in 19 months in December as domestic and export orders continued to weaken, a private survey showed, pointing to a rocky start for the world’s second-largest economy in 2019.

From Hindalco, CLSA has downgraded the stock to ‘Sell’ from ‘Underperform’ and has cut the price target to Rs 210 from Rs 255 while it has maintained ‘Buy’ on Vedanta and has cut the price target to Rs 250 from Rs 300.

Tata Steel, down 4.9%

Share price of steel major Tata Steel shed 5 percent for the week after global brokerage firm CLSA downgraded the stock to ‘sell’, citing weak Chinese

demand.

Deteriorating Chinese demand outlook will weigh on commodity prices, the brokerage said, while slashing FY20-21 earnings estimates for the companies anywhere between 9 percent to 38 percent. This, it said, priced in lower commodity prices and a stronger rupee.

Following the development, shares of Tata Steel fell 2.40 percent to Rs 503.20. CLSA cut the target price for this steelmaker to Rs 460 from Rs 855 earlier.

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Source: Moneycontrol

Stocks in the news: Pfizer, Om Metals, Thomas Cook, Alembic Pharma, Canara Bank, Religare Enterprises

Here are stocks that are in the news today:

Pfizer: Parent company Pfizer Inc USA and GlaxoSmithKline plc entered into an agreement to create a premier global consumer healthcare company.

TCS: Company launched next-generation private cloud in Canada.

Canara Bank: Board decided to raise additional Tier I capital through Basel III compliant additional Tier I perpetual bonds in rupee terms for an amount not exceeding Rs 3,000 crore in single tranche or in multiple tranches, depending on the market conditions & subject to necessary approvals.

Allcargo Logistics board decided to explore the emerging business opportunities related to Container Freight Stations, Inland Container Depots and Logistics Parks in India.

Bhagyanagar India: CARE assigned BBB+/Stable rating for long term bank facilities.

Cummins India: Company appointed Anjuly Chib Duggal as Non-Executive Independent Director.

Syndicate Bank: The bank allotted 18,36,99.217 equity shares for cash at an issue price of Rs 239.63 per share to Government of India. With this allotment, shareholding of government increased from 73.07 percent to 76.16 percent.

Om Metals bags Rs 615.16 crore EPC contract from water resources department, Government of Rajasthan

Religare Enterprises' (REL) subsidiary Religare Finvest has filed a criminal complaint with the Economic Offences Wing of the Delhi Police against the promoters of REL Malvinder Mohan Singh and Shivinder Mohan Singh as well as REL’s former CMD, Sunil Godhwani, N.K. Ghosha

Reliance Communications - NCLAT hearing on Ericsson and Reliance Infratel (RITL) minoirty investors petition related matter adjourned to January 22, 2019

Vesuvius India: Subrata Roy will step down as Managing Director of the company as he will pursue new responsibilities within the Vesuvius Group. Ritesh Dungarwal is appointed as Managing Director.

Techno Electric & Engineering Company: Shareholding SBI Mutual Fund on December 4 stood at 8.05 percent after amalgamation.

Wockhardt - Capital raising committee meeting will be held on December 22, 2018 to consider and approve fund raising

Gujarat Gas: January 16 has been fixed as the record date for determining the eligibility ofshareholders, with regard to sub-division of company's equity shares.

Orient Electric launching a new range of lifestyle portable fans

Jubilant Industries: Finance Committee of the company approved the allotment of 18 lakh equity shares at issue price of Rs 135.95 per share and 13 lakh convertible warrants, at issue price of Rs 135.95 each to the members of the promoter group of the company by way of preferential allotment on a private placement basis.

Uflex presents 'The Next Big Thing in pharma packaging

Quess Corp/Thomas Cook - Approved the amendments in the Composite Scheme of Arrangement and Amalgamation between Thomas Cook (TCIL), Quess Corp, subsidiaries of TCIL and their respective shareholders

Endurance Technologies: After favourable court order, company will announce a suitable compensation package for all its eligible permanent workmen employed on the rolls of the plant in Manesar, Haryana and discontinued operations of the said plant with immediate effect.

Manappuram Finance: The Financial Resources and Management Committee of the Company approved the allotment of 42,309 unlisted unrated secured redeemable non-convertible debentures having face value of Rs 1000 each for Rs 4,23,09,000 on private placement basis.

Alembic Pharma - USFDA conducted an inspection at company's API Facility located at Panelav from December 17 to 19. Issued zero 483s

ICICI Lombard takes the Artificial Intelligence (AI) route for instant renewal of expired motor insurance policies

Thomas Cook: Board has unanimously approved the amendments in the Composite Scheme of Arrangement and Amalgamation between Thomas Cook (India), Quess Corp Limited, Travel Corporation (India), TC Forex Services Limited (formerly known as Tata Capital Forex Limited), TC Travel Services Limited and SOTC Travel Management Private Limited and their respective shareholders.

BGR Energy Systems: CARE revised rating on long term bank facilities worth Rs 3,076 crore to BBB/Stable from BBB+/Negative.

Sarup Industries: Board considered the resignation Chakkarvarti Sharma from the post of Chief financial Officer of the company.

DFM Foods - CARE assigned A Stable rating to long term bank facilities

Subros - ICRA has upgraded the long term ratings and reaffirmed the short term ratings

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Source: Moneycontrol

D-Street Buzz: Nifty Auto jumps 3% led by Hero Moto, Tata Motors; HDIL zooms 14%

The Indian benchmark indices have extended the morning gains in this afternoon session with the Nifty50 jumping 114 points, trading at 10,663 while the Sensex was up 375 points and is trading at 35,525.

Nifty Auto was the outperforming sector which jumped over 3 percent led by Hero MotoCorp, Tata Motors, Tata Motors DVR, Mahindra & Mahindra, Exide Industries, Bajaj Auto, Eicher Motors, Ashok Leyland and Motherson Sumi Systems.

Nifty Realty continued to show handsome gains up over 2 percent led by stocks like Indiabulls Real Estate which spiked close to 10 percent followed by Godrej Properties, Prestige Estates, Brigade Enterprises, DLF, Phoenix Mills and Oberoi Realty.

Metal stocks were also shining led by Hindustan Copper, Hindalco Industries, Tata Steel, SAIL, NMDC, NALCO and Jindal Steel & Power.

From the BSE midcap space, the top gainers included AB Fashion followed by 3M India and Bank of India while the top losers were Kansai Nerolac, Godrej Industries and Container Corporation of India.

The top BSE smallcap gainers were Godawari Power which zoomed 17 percent followed by Tata Steel Bsl and HDIL while the top losers were Ashapura Intimates and Rolta India.

The top gainer from NSE include Indiabulls Housing Finance, YES Bank, Hero Moto, Tata Motors and Tata Steel while the top losers included HPCL, Dr Reddy's Labs and Titan Company.

The most active stocks were Reliance Industries, YES Bank, Indiabulls Housing, Sun Pharma and Kotak Mahindra Bank.

Aavas Financiers, Sakuma Exports and Tube Investments of India have hit new 52-week high on NSE in this morning session.

28 stocks have hit new 52-week low including names like ABG Shipyard, IL&FS Transportation Networks, Punj Lloyd and Rolta India among others.

The breadth of the market favoured the advances with 1395 stocks advancing and 262 declining while 402 remained unchanged. On the BSE, 1730 stocks advanced, 546 declined and 115 remained unchanged.

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Source: Moneycontrol

Govt plans major revamp of proposed hydro policy, no free power to host state for 5 years

The government’s proposed hydropower policy, in the works for more than four years, is set to undergo a major revamp, sources said. In a major departure from the policy planned earlier, the draft of the new Cabinet note proposes to not give the host state any free power for the first five years. The state where the hydroelectric plant was located so far enjoyed free power equivalent to 12 percent of the plant’s capacity.

"Under the new policy, 10 percent of the plant's capacity will be given free to the state from the 10th year of its operation," an official familiar with the development told Moneycontrol.

He said the host state will receive 2 percent free power from the sixth year and this would incrementally rise by 2 percentage points every year to reach 10 percent in the 10th year.

"Not giving free power for the first five years will increase viability of the project, attracting private investment in the process," the official said.

Against the free power that the host state gets from the project developer, it gives a matching grant towards the local area development fund to help the locals displaced and affected by the plant. Locals affected by the project have a say in the use of the fund.

The new policy will immediately cover 30,000 MW of proposed hydroelectric policy, the official said. Of this, 14,000 MW is expected to come up by 2022 and 16,000 MW by 2030. The new policy will not impact any existing capacity, the official said.

The changes don't end here. To encourage private investment further, the government has agreed to provide Budgetary support to create infrastructure -- like roads and bridges -- necessary for establishing the plant.

Power regulator -- the Central Electricity Regulatory Commission -- does not allow inclusion of cost incurred on building roads and bridges in pricing of power, thus making it unattractive for private developers to venture into such projects.

The new policy will also extend the tenures of loans granted for hydel capacities to 25 years from 15 at present.

India's hydropower potential stands around 145,000 MW and at 60 percent load factor, it can meet the demand of around 85,000 MW. Around 26 percent of the country's hydropower potential has been exploited.

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Looking for a loan? Here’s how to get a bank credit with no collateral

Personal loans are available to the borrowers for meeting unexpected needs. The lender does not ask for the purpose of the loan and thus the borrower is free to use requirements. These loans are different from loans like education or home loan which are taken for a specific purpose and the borrower needs to show proof that the loan will be used for the said purpose only. Personal loans may be used for funding a trip abroad, higher education, marriage expenses and so on.

Personal Loans and Collateral: These loans are generally available without any collateral, so one is not required to use gold, deposits or any other security or asset as deposit. This means that the lender is assuming a higher risk and due to that personal loan interest rate is higher  compared to other loans. Lenders charge interest for allowing the borrower to use the funds for a specified time period and also for the risk they assume (of default) whenever they lend funds which in case of unsecured loans is higher.

Getting a Personal Loan without Collateral: As mentioned above these loan are available without a collateral so what does a lender need (from the applicant) to sanction these loans? The lender will like to be sure about getting the funds back in a timely fashion and will also like to ensure that the borrower can be trusted on not defaulting.

The following aspects help the borrower in getting the loan approved in the absence of any collateral:

Financial Stability: Since there is no collateral backing the loan the lender would like to be doubly sure about the financial stability of the person seeking the loan. They want to be sure that not only will the borrower pay the dues on time but he/she has been employed in a stable manner for some time and there is job/work continuity. Here being employed at the same place for a considerable time or if the applicant is self- employed the business being operational for a few years will help the cause. Financial stability is important for getting a loan approved.

Good Credit Health: Another aspect that instills confidence in the lender is a creditworthy applicant. A good credit score is an indication that the applicant can be trusted to repay the dues one time and that he/she has been responsible borrower in the past and is expected to remain so in future too. Credit reports also reveal if the applicant is already leveraged high or not or if he /she displays credit hungry behavior and so on. CIBIL score is a crucial factor when applying for a these loans. Getting a personal loan without CIBIL checkis  difficult as very few lenders  may be willing to do it moreover it is much more expensive also.

Documentation and Eligibility Criteria: No loan can be sanctioned without the applicant meeting the eligibility criteria or having the required documentation. Though documentation in case of personal loans is fairly simple yet in the absence of any collateral they assume more importance. Thus documents that support your income eligibility, proof of income continuity and KYC are required. The applicant needs to meet the age, income and other criteria set by the lender in order to avail a loan.

Apart from the other aspects it helps if one has a long term relationship with the lender that you are approaching for the loan. Thus it’s always a good idea to go to a bank that you usually bank with, have a fixed deposit or savings account and so on as it will be simpler to get a loan based on the existing relationship especially if it’s a good one.

It's too crucial that you put in and take out money from the stock on the right time. We at the ripples advisory help you in doing this with our mcx tips or Contact us @ +91-9644405056

These midcaps have fallen 10-40% from 52-week high but can give double-digit returns

While the benchmark index, S&P BSE Sensex, has dropped about 9 percent from its record high that it hit in August, many midcap stocks have fallen by about 40 percent from their respective highs.

High valuations, liquidity concerns, rise in commodity prices and weakening rupee resulted in a sharp correction in the mid-cap names in the recent past.

Motilal Oswal has shortlisted 10 stocks that have fallen up to 40 percent from their 52-week highs, but still have potential to give 10-90% return in the next 12 months.

Stocks which have dropped 10-40 percent from their respective 52-week highs include Shriram Transport, RBL Bank, Exide Industries, Tata Chemicals, JSPL, Oberoi Realty, MindTree, CG Consumer and Teamlease.

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Market Live: Sensex extends gains to over 100 points, Nifty above 10,600; Yes Bank, Tech Mahindra up 2%

Market Update Equities have extended their gains, with the Sensex rising over 100 points. 

At 09:31 hrs IST, the Sensex is up 110.43 points or 0.31% at 35310.23, and the Nifty up 32.30 points or 0.30% at 10632.30. The market breadth is positive as 820 shares advanced, against a decline of 459 shares, while 52 shares were unchanged.

TCS, Yes Bank, Tech Mahindra and Zee are the top gainers, while Airtel, Axis Bank, and Bharti Infratel have lost the most. 

Yes Bank surges Shares of Yes Bank are up around 2 percent on Thursday morning as investors reacted to news of a Board Meeting to discuss appointment of Chairman, CEO and independent director. 

Here is a look at gainers and losers' intraday chart movement. 

Market opens Equity benchmarks have begun the day on a good note, with the Nifty holding 10,600 in the opening tick.

The Sensex is up 84.56 points or 0.24% at 35284.36, and the Nifty up 18.80 points or 0.18% at 10618.80. The market breadth is positive as 305 shares advanced, against a decline of 104 shares, while 36 shares were unchanged.

Among sectors, energy and IT names are trading in the green, while Nifty Infra is down around half a percent. Buying is visible in the broader markets, with Nifty Midcap rising over 0.40 percent. 

Shares of ONGC, Yes Bank, and Tech Mahindra are the top gainers, while Maruti Suzuki, Hero MotoCorp, Bharti Airtel and Dr Reddy’s Labs have lost the most. 

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Buy or Sell: Bank Nifty to move to 26,750; Buy IndusInd Bank

The Nifty opened positive and continued upwards to 10,774, on the back of positive momentum. Recently, it has given a consolidation breakout at 10,650, and has extended its gains by more than 120 points in the last two trading sessions, said Chandan Taparia, Derivative & Technical Analyst, Motilal Oswal Securities.

We have witnessed a positive momentum in select counters. The jump in the Put/Call ratio indicates an extended upmove. Now, the Nifty has to hold above 10,650 to move towards 10,850-10,880, he said.

Bank Nifty, despite being range-bound, has given a consolidation breakout. It needs to hold above 26,100 to move towards 26,500-26,750. On the downside, it has support near 25,750-25,800, Taparia said.

We have seen Put writing activity at 10,600, 10,700 that is likely to hold the market, he said. As of now, the option belt signifies a broader trading range of 10600-10850, he added

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RBI decision to ease capital norms credit negative for banks: Moody's

The Reserve Bank of India's decision to allow lenders more time to adhere to additional capital buffer norms under Basel 3 is credit negative for the country's state-run banks, Moody's Investors Service said in a release on Tuesday.

The RBI after a nine-hour marathon board meeting announced late Monday that it has extended the timeline for Indian banks to set aside an additional 0.625 percent as capital conservation buffer by one year to March 31, 2020 to help banks to lend more.

The decision came after persistent demand from top government officials and one independent director to ease lending and capital rules for banks, provide more liquidity to the shadow banking sector, support lending to small businesses and let the government use more of the RBI's surplus reserves to boost the economy.

"The decision to extend the timeline for the full implementation of Basel 3 guidelines by a year is a credit negative for Indian public sector banks," said Srikanth Vadlamani, vice president, financial institutions group at Moody's Investors Service.

The common equity Tier 1 ratio or core capital "over the next 12 months would be lower than what we currently expect" for some banks, Vadlamani added.

He also raised concerns over the central bank considering to give banks a leeway in classifying stressed assets of small borrowers which will ease the credit flow to this sector.

"The track record of such dispensations on asset classification, when seen over the last few years in India, has shown that they have largely been unsuccessful in addressing the underlying stress," he added.

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Market Live: Nifty slips below 10,750, Sensex down 100 points; OMCs gain

Market Opens: Benchmark indices started the day on flat note with Nifty slipped below 10,750 level.

Nifty bank and Nifty midcap 100 are trading lower by 0.40 percent.

At 09:16 hrs IST, the Sensex is down 88.42 points at 35,686.46, while Nifty down 30.40 points at 10733. About 262 shares have advanced, 502 shares declined, and 34 shares are unchanged.

Wipro, HCL Tech, M&M, Bharti Airtel, Indiabulls Housing, Hindalco are trading lower, while oil marketing companies are trading higher.

Market at pre-opening: Indian indices are trading flat in the pre-opening session with Nifty is holding above 10,750 level.

At 09:01 hrs IST, the Sensex is down 35.94 points or 0.10% at 35738.94, and the Nifty down 2.30 points or 0.02% at 10761.10.

The Indian rupee opened higher by 19 paise at 71.45 per dollar on Tuesday versus previous close 71.64.

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Sundram Fasteners may test Rs 760: Anand Rathi

Sundram Fasteners'revenue from operations improved by 22.4 percent year on-year to Rs. 971 crore.

The company achieved the reported PAT of Rs 106 crore, a growth of 17.8 percent year-on-year with a net margin of 10.9 percent.

The company is significantly adding capacity and has incurred Rs 200-300 crore capital expenditure in FY18.

Management expects to invest Rs 350 crore in FY2019.

Company is expanding its capacity and making concentrated efforts to improve the product mix with focus on high-value products and
increased contribution of exports.

Company is a quality ancillary player with robust return ratios and is poised to further improve its earnings growth momentum.

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Nifty target for March at 9,500; retail flows & Modi's win in 2019 big risks: UBS

The second edition of the UBS Evidence Lab Market Thinking Game was sent to investors in the week of October 31, 2018. The survey, instead of asking investors their own views, asked investors to predict what other investors think.

Specifically asked were two questions:

1) to rank five possible drivers for the Nifty in order of importance, according to their perception of other investors' views; and

2) to predict market sentiment around the Nifty ranging from very bearish (a score of 1) to very bullish (a score of 5).

Sentiment has turned bearish; oil, liquidity top drivers

About 61 percent of the respondents indicate a bearish sentiment for the Nifty compared to 31 percent in the previous survey. Only 7 percent of respondents remain bullish compared to 28 percent last time.

The responses indicate oil prices continue to be the most important driver– much like the first survey conducted in July 2018.

Liquidity for financials is considered to be the second most important driver, followed by politics/elections. Notably, fund flows appear to have lost their importance in investors' minds and has been assigned the least important ranking. The rupee exchange rate continues to be ranked lower.

Investor sentiment at UBS India Conference

At the 14th UBS India Conference, overseas investors indicated continued robust interest in India. However, the recent market correction and key developments (liquidity crunch, oil, and RBI-government issues) were clearly a consideration among investors.

Most global/global emerging market (GEM) investors appear to be willing to weather the above, given India’s relative growth potential. Most global investors appear to be presuming that PM Narendra Modi will come back in 2019, and the markets may not be pricing in any build-up of potentially adverse perceptions into May 2019.

Rich valuations and elections/local flows risk mispriced

Markets have de-rated from 19x one-year forward PE to 16x. Perhaps, the above bearish sentiment suggests a potential bottoming out?

In our view, one of the major factors behind the fall in markets (recent liquidity squeeze) would not turn into a prolonged credit crunch although we believe the easy money seen over the past 3-4 years is behind us.

The worst of rupee depreciation against GEM currencies may be behind us too. However, two key risks remain for the markets: 1) whether Modi will win in 2019; and 2) retail flows.

H2FY19 growth may also not enthuse markets, as the base effect wears off and the impact of tight liquidity is felt. Under the base case, UBS has a target of 9,500 for March 2019 on Nifty and upside/downside scenario of 11,100/8,300 – implying unattractive risk-reward.

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