Market Live: Nifty opens above 11,750, Sensex up 300 pts; Tata Steel gains 3%

Market Opens: It is a strong start for the Indian indices on June 19 with Nifty above 11,750 level.

At 09:18 hrs IST, the Sensex is up 267.07 points or 0.68% at 39,313.41, and the Nifty up 81.90 points or 0.70% at 11,773.40. About 523 shares have advanced, 288 shares declined, and 33 shares are unchanged 

Tata Steel, Tata Motors, Indiabulls Housing, NMDC, JSPL, SAIL, Bank of Baroda, Bank of India, SBI and Ashok Leyland are among major gainers on the indices, while losers are BPCL, IOC and Britannia. 

All the sectoral indices are trading higher led by PSU bank, metal, infra, auto, energy, IT and pharma.

Rupee Opens: The Indian rupee opened higher by 14 paise at 69.56 per dollar on Wednesday versus Tuesday's close 69.70.

Market at pre-open: Benchmark indices are trading positive in the pre-opening session with Nifty above 11,700 level.

At 09:02 hrs IST, the Sensex is up 65.01 points or 0.17% at 39111.35, and the Nifty up 49.80 points or 0.43% at 11741.30.

Technical Analyst, Prakash Gaba:

The Nifty has unfolded weak and has traded lower but has closed mildly in the green. Technically now 11,606 is a support to deal with and upside to 11,818 is not ruled out.

The Nifty Bank unfolded and traded weak but has closed flat for the day. Technically now 30,155 is a support and upside to 30,819 is not ruled out.

Crude Update: Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a US-China trade deal and on continued tensions in the Middle East after tanker attacks there last week.

Wall Street ends higher: Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year.

SGX Nifty: Trends on SGX Nifty indicate a positive start for the broader indices in India, a gain of 44 points or 0.38 percent. Nifty futures were trading around 11,756-level on the Singaporean Exchange.

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जानकारों के पसंदीदा शेयर, मिलेंगे अच्छे रिटर्न

आइए जानते हैं बाजार के जानकारों के कुछ ऐसे पसंदीदा शेयर जो देंगे आपको बेहतर कमाई के मौके।

LFS ब्रोकिंग के राजेश सातपुते की ट्रेडिंग टिप्स

डीसीबी (फ्यूचर): बेचें, स्टॉपलॉस-233 रुपये, लक्ष्य-221 रुपये

हिंडाल्को (फ्यूचर): बेचें, स्टॉपलॉस-198 रुपये, लक्ष्य-190 से 186 रुपये

चॉइस ब्रोकिंग के सुमीत बगडिया की ट्रेडिंग टिप्स

डाबर: खरीदें, स्टॉपलॉस-390 रुपये, लक्ष्य-410 से 415 रुपये

भारती एयरटेल: बेचें, स्टॉपलॉस-351 रुपये, लक्ष्य-335 से 330 रुपये

पीईएल: खरीदें, स्टॉपलॉस-35 रुपये, लक्ष्य-70 से 80 रुपये

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Did you notice? SBI Life Insurance, Shree Cement entered $10 bn club in 2019

The market rewards consistency, quality of management and earnings growth. SBI Life Insurance and Shree Cements which rose 17 percent and 19 percent in 2019, so far, entered the $10 billion club (market cap over Rs 69,000 crore).

As of June 11, 2019, as many as 42 stocks have a market capitalisation of over Rs 69,000 crore or $10 billion (Re/USD value 69). These include Godrej Consumer, Britannia Industries, Avenue Supermarts, Sun Pharma, IndusInd Bank, Titan Company, NTPC, Asia Paints, Coal India, Maruti Suzuki, ICICI Bank, Kotak, SBI among others.

Meanwhile, Tata Consultancy Services and Reliance Industries are the only two stocks in the elite $100 billion club (Mcap over Rs 6,90,000 crore).

Shree Cements and SBI Life entered the $10 billion club in 2019, while JSW Steel and Vedanta which were quoting a market capitalisation of over Rs 69000 crore on December 31, 2018, failed to sustain momentum and are out of the club.

While JSW Steel fell 11 percent, Vedanta saw a decline of 15 percent so far this year, which reduced the market capitalisation of both companies below Rs 69,000 crore, as of June 11.

Most brokerage firms remain positive on Shree Cement and SBI Life Insurance and investors who hold these stocks should stay put.

Nomura maintained its Neutral rating on Shree Cements with a target price of Rs 21,500. Volume growth remains healthy for the cement major and, at the same time, the costs are also easing which is a healthy sign.

The rally has been driven by expectations of cement price hikes. “We believe cement is in an upcycle, but we think cement price increase may remain slow, especially after the government’s recent criticism of rising cement prices,” said the note.

“Despite a 5 percent decline since this criticism, valuations at 6.4x FY21F core EBITDA and 33x FY21 P/E are expensive. Overall, we expect 11 percent YoY volume growth for Shree in FY20-21F,” said the note.

As for SBI Life Insurance, Kotak Securities retained its buy rating with a target price of Rs 800. SBI Life reported 14 percent growth in APE in 4QFY19, which was in line with 9MFY19 growth rate, though lower than 17 percent reported in 3QFY19.

Kotak Securities expects SBI Life to deliver 18 percent medium-term operating RoEV with 19 percent VNB (Value of new business) and 19 percent EVOP (Embedded value operating profit) CAGR during FY2019-22E.

The brokerage firm continues to build in high-teens growth and a moderate improvement in VNB margins to drive 18 percent operating RoEV. The brokerage firm also raised the fair value of SBI Life Insurance to Rs 800 from Rs 790 earlier.

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Market Live: Nifty opens above 11,700, Sensex up 100 points; Mcleod Russel falls 4%

Market Opens: It is a firm opening for the benchmark indices on June 18 with Nifty around 11,700.

At 09:17 hrs IST, the Sensex is up 114.52 points at 39,075.31, while Nifty is up 33.80 points at 11706. About 403 shares have advanced, 226 shares declined, and 25 shares are unchanged. 

IndusInd Bank, Axis Bank, ITC, Maruti Suzuki, Tata Motors, Tata  Steel, Zee Entertainment are some of the major gainers on the indices, while losers are SBI, Yes Bank, Indiabulls Housing, HUL and ONGC. 

Among the sectors, except FMCG all other indices are trading in the green led by metal, pharma, infra, auto and bank.

Rupee Opens: The Indian rupee opened higher at 69.83 per dollar on Tuesday versus previous close 69.90.

Market at pre-open: Indian indices are trading firm in the pre-opening session on June 18.

At 09:02 hrs IST, the Sensex is up 180.85 points or 0.46% at 39141.64, and the Nifty up 29.10 points or 0.25% at 11701.30.

Brokerages View: Source: CNBC-TV18:

Citi on Bharti Airtel

Buy rating, target raised to Rs 405 from Rs 370 per share

Increase FY20-22 EBITDA estimate by 3-4%

Buy rating is based on its relatively healthier B/S than Vodafone Idea

Citi on Piramal Enterprises

Neutral call, target at Rs 2,640 per share

Proceeds from Shriram stake sale could be used to capitalise lending business 

Proceeds from Shriram stake sale may be used to support organic growth

Transaction does not remove possibility of merger of Shriram companies

Credit Suisse on IndiGo

Maintain outperform, target raised to Rs 1,900 from Rs 1,800 per share

Yield spike almost gone; positive on companies positioning, sector & modest competition

Citi on Realty Companies

Residential demand continues to see gradual recovery

New launches seems to bottom out

Prices remains steady in residential space

Commercial demand showing some weakness

Phoenix Mills & Oberoi Realty are our top picks given healthy balance sheet

Maintain sell on DLF given its expensive valuations

Morgan Stanley on HDFC AMC

Overweight call, target at Rs 2,000 per share

Co to provide liquidity arrangement to FMPs impacted by Essel exposure

CLSA on Coal India

Maintain buy rating, target at Rs 290 per share

Optimistic on volume growth and costs, yet no visibility on price hikes

CLSA on Oil & Gas

Unlike 2014, this crude correction may be a warning sign for refiner

Current crude correction similar to those seen in 1997, 2001 and 2008

OMC upmoves may soon be met with a wall of refining worry 

Have sell call on IOC, BPCL & HPCL; Buy on ONGC & Oil India

ONGC & Oil India offer much better risk-rewar

Wall Street ends higher: On Monday, the Dow Jones Industrial Average rose 22.92 points, or 0.09%, to 26,112.53, the S&P 500 gained 2.69 points, or 0.09%, to 2,889.67 and the Nasdaq Composite added 48.37 points, or 0.62%, to 7,845.02.

Asian markets trade mixed: Investor caution ahead of the Federal Reserve's interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.

SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gains of 13.50 points or 0.12 percent. Nifty futures were trading around 11,711.50-level on the Singaporean Exchange.

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'Upside for Nifty capped at 12,000; deploy Call Butterfly Spread'

Nifty and Bank Nifty witnessed volatile swings on either side throughout last week. Nifty spot touched an intraday high of 12,000 and ended the week in red down 0.4 percent. Bank Nifty followed Nifty and was down about 1.45 percent on a week on week basis.

Bank Nifty weekly options data depicts the highest Put base at 30,000 that can act as possible support and highest Call OI is placed at 31,000, which can be immediate resistance.

Nifty Options data for the weekly expiry shows highest Put OI is placed at 11,800, which can act as vital support while on the upside, aggressive call writing of around ~21.89 lakh shares is seen at 11,900/12,000 which can act as immediate resistance.

Over the week, India VIX was down 120 basis point to end at 13.66 indicating low volatility in the market. Meanwhile, Nifty PCR open interest (OI) increased 6 basis point to 1.4682 suggesting positive sentiment in the market.

On a week-on-week basis, OI activity was not too emphatic to signify any alteration to original long-long Unwinding Structure, with heavy PE OI at 11,800 that could act as possible support.

The upside remains capped by aggressive call writing of around ~21.89 lakh at 11,900-12,000.

Moderately bullish strategy Call Butterfly Spread is suggested for this week. Call Butterfly Spread is bullish to rangebound strategy that offers decent risk-to-reward ratio for traders at a low cost.

In this strategy, we need to buy 1 ATM Call, Sell 2 OTM Calls near target level and Buy 1 further OTM call to hedge the risk.

The maximum profit in this strategy is at Call written strike. As theta decay is fast in weekly options, it is idle for deploying Call Butterfly Spread.

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Market Live: Nifty around 11,750, Sensex falls 200 pts; Shriram Transport tanks 6%

Buzzing: ITC shares fell after global brokerage house CLSA slashed price target on lower cigarette multiple.

Gold Update: Gold prices on Monday edged away from a 14-month peak hit in the previous session, with the dollar gaining after encouraging US retail sales data tempered fears about a sharp downturn in the world's largest economy.

Market Update: Benchmark indices extends the losses with Nifty around 11,750 level.

At 10:01 hrs IST, the Sensex is down 189.48 points at 39,262.59, while Nifty is down 63.10 points at 11,760.20. About 515 shares have advanced, 1075 shares declined, and 99 shares are unchanged.

Buzzing: Shares of Shriram Transport Finance Corporation fell 6.5 percent on June 17 after about 10 percent equity changed hands via block deals in early trade on the NSE.

Dollar Update: The dollar hovered near a two-week high early on Monday, as strong US retail sales data tempered some of the fears about a sharp downturn in the world’s largest economy.

Crude Update: Oil prices rose on Monday after US Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week.

Market Opens: It is a weak start for the benchmark indices on June 17 with Nifty around 11,800 level.

At 09:17 hrs IST, the Sensex is down 47.78 points or 0.12% at 39404.29, and the Nifty down 22.90 points or 0.19% at 11800.40. About 298 shares have advanced, 490 shares declined, and 61 shares are unchanged. 

Cadila Healthcare, Aurobindo Pharma, Asian Paints, L&T, Titan Company, ICICI Bank, M&M are some of the major gainers on the indices in the early trade, while losers are Shriram Transport, JSW Steel, Tata Steel, Axis Bank and IndusInd Bank. 

Among the sectors, except infra, all other sectoral indices are trading lower.

Rupee Opens: The Indian rupee opened flat at 69.80 per dollar on Monday versus Friday's close 69.80.

  

Market at pre-open: Benchmark indices are trading firm in the pre-opening session on June 17.

At 09:02 hrs IST, the Sensex is up 53.67 points or 0.14% at 39505.74, and the Nifty up 58.60 points or 0.50% at 11881.90

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Dr Reddys Labs slips 2% on agreement to sell neurology branded products

Dr Reddy's Laboratories shares fell 1.7 percent intraday on June 14 despite company entered into a definitive agreement to sell its neurology branded products.

"We have entered into a definitive asset purchase agreement with Upsher-Smith Laboratories, LLC (Upsher-Smith), pursuant to which we would sell US and select territory rights for Zembrace Symtouch (sumatriptan injection) 3 mg and Tosymra (sumatriptan nasal spray) 10 mg," the drug maker said in its filing.

The company will commercialise these products through its wholly owned subsidiary, Promius Pharma, LLC, it added.

Under the agreement, Dr Reddy's said it would receive $70 million as upfront consideration, $40.5 million in near term milestones and additional financial considerations including, existing contractual obligation and inventory.

Subsequently, it will receive sales-based royalties on a quarterly basis, the company added.

"Tosymra and Zembrace were designed and developed with the goal of addressing unmet needs of large but discrete segments of patients suffering from episodic migraine who need options other than their current therapies," said Anil Namboodiripad, Senior Vice President, Proprietary Products and Head, Promius Pharma.

The stock was quoting at Rs 2,549.00, down Rs 37.15, or 1.44 percent on the BSE at 10:18 hours IST.

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RITES rallies 6% on mulling bonus issue

Shares of state-owned engineering consultancy company RITES rallied more than 6 percent intraday on June 14 ahead of board meeting to consider bonus issue.

The stock climbed 20 percent in last one month. It was quoting at Rs 294, up Rs 17.10, or 6.18 percent on the BSE at 0915 hours.

The railway consultancy firm said a meeting of board of directors of the company is scheduled to be held on June 24 to consider the proposal for issuance of bonus shares.

The Miniratna (Category – I) Schedule 'A' public sector enterprise is a leading player in the transport consultancy and engineering sector in India and the only company having diversified services and geographical reach in this field under one roof.

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Market Live: Nifty opens below 11,900, Sensex flat; Jet Airways falls 12%

Crude Update: Oil fell on Friday after sharp gains in the previous session when prices were boosted after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude flows through one of the world's key shipping routes.

Market opens: It is a flat to negative start for the benchmark indices on the last trading session of the week.

The Sensex is down 22.28 points at 39,719.08, while Nifty is down 16.60 points at 11,897.40. About 315 shares have advanced, 440 shares declined, and 41 shares are unchanged. 

In the early trade, Yes Bank, Hexaware, Bajaj Finance, Indiabulls Housing, Gail, Power Grid, HDFC Bank, HDFC, ICICI Bank, are among major gainers on the indices, while losers include RIL, IOC, BPCL, Dr Reddy's Lab, Gruh Finance, ITC, Bharti Airtel, Tata Steel, SBI and Zee Entertainment.

All the sectoral indices trading lower led by energy, FMCG, pharma, metal and auto.

JUST IN | RITES board to consider the proposal for issuance of bonus shares on June 24.

Rupee Opens: The Indian rupee opened flat at 69.51 per dollar on Friday versus previous close 69.51.

Market at pre-open: Benchmark indices are trading flat to positive in the pre-opening session on June 14.

At 09:04 hrs IST, the Sensex is up 57.79 points or 0.15% at 39799.15, and the Nifty up 5.50 points or 0.05% at 11919.50

Brokerages view: Source: CNBC-TV18:

CLSA on pharma

Multiples point towards a bleak future, but things are not that bad

Certain Indian cos have strong earnings cushion from India/EM Biz

For Cipla & Torrent implied PE multiple is at 45x & 68x respectively

CLSA on financials

Banks exit FY19 with lesser baggage

Net NPL ratio at 4-year low & coverage at +10-yr high

Visibility on turnaround seen in earnings from FY20

Resolution of defaults by DHFL is key

CLSA on metals

Have sell call on Tata Steel & JSW Steel 

ArcelorMittal sanguine on China but Europe a concern

ArcelorMittal focusing on profitability over volumes

Arcelor keen to acquire Essar Steel 

Entry of Arcelor in India is likely to intensify competition

Credit Suisse on HDFC

Maintain outperform call on the stock

Co has been largely unaffected by the recent NBFC-related debt market pressures

Morgan Stanley on HCL Tech

Underweight call, target at Rs 1,000 per share

Management cited healthy growth in manufacturing as new deals ramp up

Morgan Stanley on TCS

Equal-weight call, target at Rs 1,980 per share

Deal pipeline is robust and order book is better compared to past few quarters

Morgan Stanley on Infosys

Equal-weight call, target at Rs 700 per share

Not seeing any delays or hold back on spending despite global uncertainties

Morgan Stanley on Jubilant Food

Overweight call, target at Rs 1,525 per share

Company optimistic on long-term growth potential for quick service industries

Morgan Stanley on Axis Bank

Overweight call, target at Rs 1,100 per share

Expect domestic growth to remain strong at 15-18%

Morgan Stanley on HDFC Life

Equal-weight call, target at Rs 380 per share

Co expects to sustain premium growth above industry

Morgan Stanley on Kotak Mahindra Bank

Overweight call, target at Rs 1,600 per share

Co reiterated 20%+ loan growth target for FY20

Morgan Stanley on Voltas

Overweight call, target at Rs 705 per share

Setting up manufacturing facility in southern India where it has lower presence

Company plans increasing its sourcing from the domestic market 

Morgan Stanley on ICICI Bank

Overweight call, target at Rs 625 per share

Bank sounded confident of its asset quality position

Morgan Stanley on L&T

Overweight call, target at Rs 1,786 per share

Enough head room to grow & faces very minimal client overlap

Co believes there will be revenue & cost synergies from Mindtree

HSBC on Infosys

Retain hold rating, target at Rs 760 per share

Not seen demand slowdown from US macro concerns or trade tensions

Wall Street ends higher: US stocks rose on Thursday after two days of declines, as energy shares rebounded with oil on concerns of a supply disruption following attacks on two tankers in the Gulf of Oman.

Asian markets trade mixed: Asian stocks held their ground on Friday after Wall Street gained on a surge in oil prices as attacks on tankers in the Gulf of Oman stoked U.S.-Iran tensions and raised concerns over supply flows through one of the world's main sea lanes.

SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 24 points or 0.20 percent. Nifty futures were trading around 11,896-level on the Singaporean Exchange.

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Closing Bell: Sensex ends marginally lower, Nifty holds 11,900; Indiabulls Housing gains 11%

Market Close: Benchmark indices ended mixed but off day's low in the volatile session on June 13 with Nifty holds above 11,900 level.

At close, the Sensex was down 15.45 points at 39,741.36, while Nifty was up 7.80 points at 11,914.00. About 916 shares have advanced, 1590 shares declined, and 155 shares are unchanged. 

Indiabulls Housing, Zee Entertainment, BPCL, Grasim Industries and Power Grid were among major gainers on the Nifty, while losers were Yes Bank, IndusInd Bank, Infosys, IOC and UPL.

Among the sectors, selling was seen in the IT, metal, pharma, PSU bank and auto.

  

Rupee at day's low: The Indian rupee is trading at day's low level, as it is down 16 paise at 69.50 per dollar against previous close 69.34.

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Market Live: Indices extend losses as Nifty below 11,850, Sensex falls over 150 pts; Jet Airways down 15%

NMDC in Focus

Shares fell more than 5 percent as company's operations in Chhattisgarh mines have been shut for past couple of days.

Chhattisgarh mines contributed 70 percent to NMDC's sales in FY19.

Yes Bank, IndusInd Bank Plunge

Yes Bank shares plunged 9 percent and IndusInd Bank tanked 6 percent intraday after global brokerage house UBS slashed price target sharply by 47 percent and 18 percent respectively, citing weak earnings going ahead.

UBS downgraded IndusInd Bank to sell and cut price target to Rs 1,400 from Rs 1,700 earlier while in case of Yes Bank, the brokerage maintained sell rating and slashed target to Rs 90 from Rs 170 apiece, but favoured Axis Bank & ICICI Bank.

Tata Motors Group global wholesales slips 23% in May 2019: The Tata Motors Group global wholesales in May 2019, including Jaguar Land Rover, were at 82,374 units, down by 23%, over May 2018.

Market Update: Benchmark indices extended the morning losses with Nifty slipped below 11,850 mark.

At 10:03 hrs IST, the Sensex is down 193.99 points or 0.49% at 39562.82, and the Nifty down 59.70 points or 0.50% at 11846.50. About 526 shares have advanced, 1091 shares declined, and 65 shares are unchanged.

Jet Airways plunges 14%: Shares of Jet Airways plunged more than 14 percent on June 13 after stock exchanges decided to impose trading restrictions on the beleaguered airline.

Buzzing: Shares of Tiger Logistics rose 3 percent in the early trade on Thursday as company bagged contract for handling the export logistics.

Crude Update: Oil prices steadied on Thursday, after slumping as much as 4% in the previous session to nearly five-month lows on the back of a further buildup in US crude stockpiles and worries about lower demand growth.

Market Opens: Indian indices opened on negative note on June 13 with Nifty below 11,900 level.

The Sensex is down 130.34 points at 39,626.47, while Nifty is down 39.70 points at 11,866.50. About 224 shares have advanced, 385 shares declined, and 34 shares are unchanged. 

DHFL, Jet Airways, Indiabulls Housing, Infosys, HCL Tech, Yes Bank, Zee Entertainment, TCS, Tech Mahindra, Tata Motors, ONGC, Grasim, Hero Motocorp, Britannia and HUL are among major losers on the indices, while gainers are BPCL, IOC, HPCL, Asian Paints, Berger Paints and Kansai Nerolac.

All the sectoral indices are trading lower led by IT, metal, infra, FMCG, bank and auto.

Rupee Opens: The Indian rupee opened flat at 69.34 per dollar on Thursday against previous close 69.34.

Market at pre-open: Benchmark indices are trading flat in the pre-opening session with Nifty below 11,900.

At 09:01 hrs IST, the Sensex is down 9.62 points or 0.02% at 39747.19, and the Nifty down 32.70 points or 0.27% at 11873.50.

Brokerages View: Source: CNBC-TV18:

Morgan Stanley on Avenue Supermarts

Underweight Call, Target At Rs 1,120 per share

As Per DMart, price competition within industry has increased in last 18-24 months

Price differential between DMart & the competition has diminished

Rising competition may blunt DMart's first-mover advantage

In our base case, we assume 12% SSSG for FY20

Deutsche Bank on cement companies

Q1 shaping up to be a strong quarter led by better pricing

UltraTech & ACC are our top sector picks

Continue to prefer North & Central over South & East India

Risk of government intervention raising concerns on pricing

Deutsche Bank on Ceat

Hold rating, target at Rs 1,050 per share

Near-term demand outlook remains muted

Nomura on Ambuja Cements

Downgrade to neutral from buy, target cut to Rs 240 from Rs 295 per share

May see lowest volume/earnings growth among large cap peers

Nomura on Shree Cement

Downgrade to neutral from buy, target raised to Rs 21,500 from Rs 18,000 per share

Earnings outlook good, but valuations are becoming expensive

Nomura on ACC

Downgrade to neutral from buy, target raised to Rs 1,750 from Rs 1,700 per share

With capacity utilisations at 90%, cycle upside benefits seem limited

See 27% earnings CAGR over 2 years, but may be at risk if price increase is lower

Nomura on Macro Data

CPI inflation of 3.05% broadly in-line with expectations 

Food inflation unsurprisingly picked up, increasing to 1.8%

Core inflation eased as expected to 4.1% from an upwardly revised 4.7% in April

IIP growth improved to 3.4% YoY in April, much better than expected 

Expect headline inflation to average 3.5% in H2

See 25 bps rate cut in August on below-target inflation & likely growth disappointment 

Deutsche Bank on Macro Data

May CPI in-line, April IIP better than expected

More rate cuts by monetary policy committee likely

Forecasting CPI inflation to be in the range of 3.1-3.3% through June-September

While April IIP data is encouraging, overall growth momentum remains weak

Expect one more 25 bps rate cut in August/October policy

Morgan Stanley on Macro Data

IIP reading improved to six-month high in April

Broad-based acceleration in sector wise classification

Infrastructure & construction production disappointed

Barclays on Macro Data

Core inflation moves down, we lower our FY19-20 CPI forecast

Uptick in May CPI print driven by a rise in food prices & adverse base effects

Average inflation in Q2CY19 so far stands at 3.02%

Lower FY20 CPI forecast to 3.7% from 4.1% previously

Another 25 bps repo rate cut in August is our baseline forecast

Deutsche Bank on insurance companies

May was another month of strong growth for private sector; mkt share loss is optical

Do not expect private sector to sustain the high growth momentum of first 2 months

SBI Life & HDFC Life post strong growth; ICICI Prudential sees mixed growth

SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 26.50 points or 0.22 percent. Nifty futures were trading around 11,899-level on the Singaporean Exchange.

US markets end lower: Wall Street ended down slightly on Wednesday, with bank stocks declining as prospects of a US interest rate cut rose and energy shares tumbling along with oil prices.

Asian markets trade lower: Asian stocks stuttered on Thursday, dogged by the uncertainty over an intractable US-China trade dispute, while oil prices flirted with five-month lows thanks to higher U.S. crude inventories and a bleaker demand outlook.

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962 करोड़ रुपए के ब्याज भुगतान के बाद DHFL के शेयर 6.6% तक चढ़े

DHFL दीवान हाउसिंग फाइनेंस के शेयर बुधवार को बाजार खुलने के बाद 6 फीसदी चढ़ गए। कंपनी ने मंगवार को NCD के 962 करोड़ रुपए ब्याज का भुगतान कर दिया, जिसके बाद उसके शेयरों में तेजी आई है।  

बुधवार को बाजार खुलने के बाद DHFL के शेयर 6.6 फीसदी चढ़कर 95.90 रुपए पर पहुंच गए थे। कंपनी ने कहा कि उसने 7 कारोबारी दिनों के भीतर ही 962 करोड़ रुपए ब्याज का भुगतान कर दिया। कंपनी ने कहा कि वह फुल पेमेंट करके रेटिंग अपग्रेड करने को कहेगी।

क्या था मामला?

डोमेस्टिक रेटिंग एजेंसी इकरा और क्रिसिल ने 6 जून को 850 करोड़ रुपए के कमर्शियल पेपर पर कंपनी की रेटिंग A4 से  डाउनग्रेड करके डिफॉल्ट की कैटेगरी में डाल दिया था।

कंपनी के 750 करोड़ रुपए के कमर्शियल पेपर जून 2019 में मेच्योर हो रहे थे। इसके ब्याज की पहली पेमेंट 7 जून को होनी थी। DHFL ने 21 मई को ऐलान किया कि उसने नए FD स्वीकार करना बंद कर दिया है। साथ ही वह मौजूदा FD के रिन्युअल या प्रीमेच्योर निकासी की भी अनुमति नहीं दे रही है। हालांकि मेडिकल इमरजेंसी में कंपनी ने प्रीमेच्योर निकासी की अनुमति दी थी।

DHFL मैनेजमेंट ने कहा कि नकदी संकट और डाउनग्रेड रेटिंग को मैनेज करने के लिए कंपनी यह कदम उठा रही है।

17 मई को केयर रेटिंग्स ने DHFL के 20,000 करोड़ रुपए के FD प्रोग्राम की रेटिंग A से घटाकर BBB- कर दिया था। केयर रेटिंग्स के मुताबिक, A के मायने लो रिस्क और BBB-के मायने मॉडरेट क्रेडिट रिस्क से है।

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देश में अब नहीं बिकेगी ई-सिगरेट!

देश में E-cigarettes पर जल्द बैन लग जाएगा। E-cigarettes के इंपोर्ट, प्रोडक्शन और बिक्री पर प्रतिबंध लगाने के प्रस्ताव को ड्रग्स टेक्निकल एडवाइजरी बोर्ड ने मंजूरी दे दी है। सरकार अगले 2 महीने में नए कानून को नोटिफाई कर सकती है। कंपनियां E-cigarettes को पारंपरिक सिगरेट से कम नुकसानदेह बताकर बेच रही हैं। कॉलेज जाने वाले छात्रों में ये खासा लोकप्रिय हो चुका है। जबकि जानकारों के मुताबिक E-cigarettes पारंपरिक सिगरेट जितने ही नुकसानदेह हैं।

ई-सिगरेट का चलन तेजी से बढ़ रहा है इसकी वजह है इसे लेकर जानकारी की कमी या कहें तो गलत जानकारी। एक ngo सलाम बॉम्बे ने अपने सर्वे में पाया कि स्कूल-कॉलेज में पढ़ने वाले 73 फीसदी बच्चे ई-सिगरेट का इस्तेमाल करते हैं। कुछ तो इसके आदी हो गए हैं। 33 फीसदी बच्चे रोज ई-सिगरेट का इस्तेमाल करने लग गए हैं। हैरानी की बात ये है कि 56 फीसदी बच्चों को लगता हैं कि ई-सिगटे से नुकसान नहीं होता।

WHO यानी विश्व स्वास्थ्य संगठन ई-सिगरेट के खराब असर के लिए लगातार लोगों को चेतावनी दे रहा है। उसका मानना है कि ये सामान्य सिगरेट जितना ही नुकसानदेह है। WHO केंद्र और राज्य सरकारों को इस पर प्रतिबंध लगने के लिए भी कह रहा है। हालांकि अभी तक सिर्फ दस राज्यों ने ecigarettes, vape, e-hookah पर बैन लगाया है। तो अगर आपको कोई ये बताता हैं कि e-cigarettes, vape, e-hookah पीने से कुछ नुकसान नहीं होता तो आप उसे समझाएं कि उसकी जानकारी गलत है। आप उसे बताएं की कई राज्यों में ये प्रतिबंधित और उसे भी इसका इस्तेमाल नहीं करना चाहिए और इनके इस्तेमाल से भी कैंसर होता है।

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Market Live: सेंसेक्स 175 अंक टूटा, निफ्टी 11,915 के नीचे

बाजार में गिरावट बढ़ गई है। सेंसेक्स के 30 में से 24 शेयरों में गिरावट देखने को मिल रही है। वहीं, निफ्टी के 50 में से 34 शेयरों में गिरावट नजर आ रही है। बैंक निफ्टी के 12 में से 10 शेयरों में गिरावट दिख रही है।

एशियाई बाजारों में नरमी देखने को मिल रही है। SGX निफ्टी पर भी दबाव देखने को मिल रहा है। डाओ में 6 दिनों की तेजी थमी गई है। कल अमेरिकी बाजार कमजोर बंद हुए हैं। कल के कारोबार में S&P 500 और नैस्डैक भी लाल निशान में बंद हुए हैं। उधर ट्रेड टेंशन बरकरार है। ट्रंप ने कहा है कि चीन के साथ डील के बीच मैं खड़ा हूं, चीन शर्ते मानेगा तभी डील होगी। उन्होंने आगे कहा कि G-20 समिट में शी जिंगपिंग मिलेंगे तब बात बनेगी। वहीं, चीन प्रत्यर्पण कानून के खिलाफ हांगकांग में बड़ा प्रदर्शन हुआ है। इस बीच क्रूड प्रोडक्शन कटौती की मांग तेज हो गई है। OPEC और सहयोगी देश प्रोडक्शन कटौती के पक्ष में हैं। 25 जून की बैठक में इस पर विचार हो सकता है।

  

इन ग्लोबल संकेतों के बीच सेंसेक्स और निफ्टी में आज कमजोरी देखने को मिल रही है। मिड और स्मॉलकैप शेयरों में भी सुस्ती नजर आ रही। बीएसई का मिडकैप इंडेक्स 0.01 फीसदी की कमजोरी के साथ 15,038.67 के स्तर पर नजर आ रहा है। वहीं, स्मॉलकैप इंडेक्स सपाट चाल के साथ 14,619.69 के स्तर पर कारोबार कर रहा है। हालांकि तेल और गैस शेयरों में आज कुछ खरीदारी नजर आ रही है। बीएसई का ऑयल एंड गैस इंडेक्स 0.52 फीसदी की बढ़त के साथ कारोबार कर रहा है।

बाजार में आज ऑटो, फाइनेंशियल सेक्टर, आईटी, बैंक और रियल्टी शेयर दबाव बना रहे हैं। जबकि मीडिया, मेटल और फार्मा शेयरों से बाजार को सहारा मिल रहा है। निफ्टी के ऑटो इंडेक्स में 0.28 फीसदी, फाइनेंशियल सेक्टर इंडेक्स में 0.80 फीसदी, एफएमसीजी इंडेक्स में 0.06 फीसदी, आईटी इंडेक्स में 0.56 फीसदी और रियल्टी इंडेक्स में 0.98 फीसदी की कमजोरी देखने को मिल रही है।

हालांकि कारोबार के इस दौरान मीडिया, मेटल और फार्मा शेयरों में खरीदारी दिख रही है। निफ्टी के मीडिया इंडेक्स में 0.41 फीसदी, मेटल इंडेक्स में 1 फीसदी और फार्मा इंडेक्स में 0.02 फीसदी की बढ़त नजर आ रही है।

बैंको पर दबाव के चलते बैंक निफ्टी आज सुस्त नजर आ रहा है। बैंक निफ्टी 0.58 फीसदी की कमजोरी के साथ 31,084.20 के स्तर पर कारोबार कर रहा है। निफ्टी के पीएसयू बैंक इंडेक्स में 0.28 फीसदी और प्राइवेट बैंक इंडेक्स में 0.59 फीसदी की कमजोरी देखने को मिल रही है।

फिलहाल बीएसई का 30 शेयरों वाला प्रमुख इंडेक्स सेंसेक्स 175 अंक यानि 0.44 फीसदी की कमजोरी के साथ 39775 के स्तर के आसपास कारोबार कर रहा है। वहीं एनएसई का 50 शेयरों वाला प्रमुख इंडेक्स निफ्टी करीब 55 अंक यानि 0.44 फीसदी की कमजोरी के साथ 11,915 के नीचे कारोबार कर रहा है।

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