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Showing posts from January, 2018

Markets witness volatile trading session ahead of Union Budget

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Markets witnessed extreme volatility in today’s trade. Bank Nifty was the clear outperformer witnessing a smart recovery in the last hour of trade. Kotak Mahindra Bank and HDFC Bank were the major contributors ending 1.93% and 0.43% higher, respectively. MidCap stocks continued to witness selling pressure ending lower for the 5th consecutive session.
Nifty Index February futures witnessed a reduction in open interest to the tune of ~1.58 lakh shares, while Nifty Bank futures witnessed a fresh surge in open interest to the tune of 49,000 shares mainly long positions.
Tracking the Nifty options, heavy option writing was witnessed in out of the money strikes with Nifty 11400CE and 11500CE adding ~10 lakh shares and ~11 lakh shares, respectively, while 10700PE and 10500PE also witnessed a surge in open interest to the tune of ~ 4.3 lakh shares and 4.21 lakh shares, respectively consisting mainly short positions as traders looked to benefit from a drop in implied volatility after the announc…

Sensex slips over 250 points; IOC stock gains 4%

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Share indices fell to their day's low, weighed by losses in banks, metals and index majors Infosys, RIL, Kotak Mahindra Bank, HDFC and ICICI Bank.

Weakness in global markets and caution ahead of the Union Budget for 2018-19 due on Thursday are keeping investors on the sidelines.

At 3:03 PM, the BSE Sensex was trading at 36,034, down 251 points, while the broader Nifty50 index was ruling at 11,050, down 80 points.

In specific stocks, shares of TVS Motor Co erased gains and fell over 1% after the company's net profit for the third quarter ended December 31, came in at Rs154 cr, compared with Rs133cr in the year-ago quarter.

Shares of the state-owned oil refinery and marketing companies rose 1-3% due to a decline in prices of crude oil.

ITD Cementation stock dropped 2% after it fixed QIP issue price of Rs202.25, which was at a discount of up to 5% to the floor price of Rs213.20.

Volatility index India VIX slipped 4.98% at 16.9950.

BPCL (+1.9%), Airtel (+1.5%), GAIL (+1.5%), HPCL (+1.4%)…

Mid-cap stocks tumble as markets gave away its opening gains

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Markets witnessed a volatile trading session as Nifty and Bank Nifty gave away ~60/300 points from its high. HDFC twins were among the top index contributors backed by a strong Q3 show from HDFC Ltd. 

Broader markets continued to underperform the benchmark index as the market breadth ended in favor of declines with Advance Decline ratio closing at 2:3x.

Nifty Index and Bank Nifty Index February futures witnessed a surge in open interest to the tune of ~6.97 lakh shares/~1.16 lakh shares, indicating a buildup of long positions.

Tracking the Nifty options, marginal hint of buying was witnessed across all the major call options strike, with 11000CE adding the maximum open interest buildup to the tune of ~4.5 lakh shares.

India Vix ended the session at 17.9% up 2%. Nifty:+61 points @ 11130Bank Nifty: +52 points @ 27498Top 2 F&O Gainer:CANFINHOMES & MARUTISUZTop 2 F&O Loser:JPASSOCIATES & IFCIMost Active Index Option Contract:Call Option: 11000CE, O.I: +~4.

Nifty slips below 11,050 mark; RCom, SBI stock gain

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Domestic equity indices trading lower as indices are weighed down by weakness across most sectors, and amid a subdued trend in most global markets.

Shares of metal and mining companies were the worst hit, as they gave up their recent gains. Coal India's stock, down 2%, was the worst hit on Nifty50.

At 12:27 PM, the BSE Sensex was trading at 36,038, down 244 points, while the broader Nifty50 index was ruling at 11,040, down 86 points.

The BSE Mid-Cap index was down 0.41%. The BSE Small-Cap index was down 0.85%.

Most of the sectoral indices were in red in the early session, while Nifty Auto and Nifty Realty index were marginally higher. The Nifty Auto index rose 0.3% led by chart-topping gains in shares of Bajaj Auto and Hero MotoCorp.

Shares of Emami fell over 6% as the company's Oct-Dec performance was below expectations and its operating margins contracted.

Essar Securities were locked at the 5% lower circuit after promoter Essar Capital sold 4.76% stake in the company through the …

Nifty slips below 11,100 mark; PSU Bank index up 1%

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Domestic equity indices trading lower as indices are weighed down by weakness across most sectors, and amid a subdued trend in most global markets.

Shares of metal and mining companies were the worst hit, as they gave up their recent gains. Coal India's stock, down 2%, was the worst hit on Nifty50.

At 11:20 AM, the BSE Sensex was trading at 36,084, down 198 points, while the broader Nifty50 index was ruling at 11,059, down 72 points.

The BSE Mid-Cap index was down 0.41%. The BSE Small-Cap index was down 0.85%.

Most of the sectoral indices were in red in the early session, while Nifty Auto and Nifty Realty index were marginally higher. The Nifty Auto index rose 0.3% led by chart-topping gains in shares of Bajaj Auto and Hero MotoCorp.

Shares of Emami fell over 6% as the company's Oct-Dec performance was below expectations and its operating margins contracted.

Essar Securities were locked at the 5% lower circuit after promoter Essar Capital sold 4.76% stake in the company through the…

Nifty hovers around 10,750 mark; Financial stocks lead

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Benchmark indices extended their gains from earlier in the session and were up nearly 1% each, led by a surge in shares of financial companies.
At 2:05 PM, the BSE Sensex was trading at 34,875 up 282 points, while the broader Nifty50 index was ruling at 10,750, up 69 points.
Sintex Industries stock fell 5% after the company reported 50% decline in its net profit to Rs21 cr from Rs42.30cr a year ago.
Housing Development & Infrastructure Ltd rose 7% after the company approved the allotment of Rs200cr warrants to promoter at Rs70.5 per warrant.
On the economy front, wholesale prices eased to 3.58% in December 2017 as prices of food articles declined even as fuel cost witnessed a surge. The inflation was 3.93% in November 2017 and 2.10% in December 2016.
Most capital goods stocks gained. Havells India (+0.66%), ABB India (+2.07%), Bharat Electronics (+0.37%), L&T (+0.74%), and Thermax (+1.6%) gained. Bharat Heavy Electricals (-0.1%) and Siemens (-0.48%) declined.
The BSE Mid-cap …

Weekly gainers on BSE 500

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The benchmark indices Nifty 50 and Sensex ended on the flat note during the period January 08, 2018-January 12, 2018. Fear of a face-off between the judiciary and the executive dragged indices briefly in the red intraday, but benchmark indices recouped losses and ended the week at record closing levels.

Both the indices hit the lifetime high of 10,690 (NSE) and 34,638 (BSE) in the same period. Revival in corporate earnings and encouraging announcements in forthcoming Union Budget 2018-19 is likely to benefit and continue the growth momentum in the stock market.
Below mentioned are some stocks that have gained more than 10% on BSE 500 in the same period. Stock Price in Rs (2018)Company Name8-Jan12-JanGain  (%)Coffee Day Enterprises Ltd.270.6346.027.9%Aban Offshore Ltd.220.3262.619.2%Gujarat Pipavav Port Ltd.136.7

Sensex, Nifty remain strong; Den Networks, IFCI stock rise

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Benchmark domestic indices opened higher today, hitting their lifetime high, tracking positive cues from global markets, and led by gains in metal and energy companies. Sentiment in the market also improved on reports that the government may do away with the dividend distribution tax in the upcoming Union Budget.
Dividend tax will be payable at the hands of recipient shareholders, in the classic system of dividend taxation, reports said.
At 11:04 AM, the BSE Sensex was trading at 34,580, up 76 points, while the broader Nifty50 was ruling at 10,675, up 24 points.
Shares of Tata Consultancy Services slipped nearly 1% as investors focused on the company's weak sales and outlook for banking and financial services sector.
Shares of Infosys were flat ahead of the company's earnings today.
The rupee strengthened by 11 paise to 63.55 against the dollar on fresh selling of the US currency by exporters and banks.
Shares of Shree Cements rose 1.5% on strong December quarter numbers. The…

निफ्टी 10680 के करीब, सेंसेक्स 100 अंक मजबूत

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घरेलू बाजारों ने आज फिर नया रिकॉर्ड बनाया है। निफ्टी 10,690.25 के नए रिकॉर्ड उच्चतम स्तर पर पहुंचने में कामयाब हुआ है जबकि सेंसेक्स 34,638.42 के नए रिकॉर्ड ऊपरी स्तर पर पहुंचा है। सेंसेक्स और निफ्टी में 0.25 फीसदी की बढ़त के साथ कारोबार देखने को मिल रहा है।

मिडकैप और स्मॉलकैप शेयरों में भी खरीदारी आई है। बीएसई का मिडकैप इंडेक्स 0.4 फीसदी तक उछला है, जबकि निफ्टी के मिडकैप 100 इंडेक्स में भी 0.4 फीसदी की बढ़त दर्ज की गई है। बीएसई का स्मॉलकैप इंडेक्स 0.7 फीसदी तक उछला है।

पीएसयू बैंक, मीडिया, मेटल, ऑटो, कंज्यूमर ड्युरेबल्स, कैपिटल गुड्स, ऑयल एंड गैस और रियल्टी शेयरों में खरीदारी दिख रही है। बैंक निफ्टी 0.3 फीसदी बढ़कर 25,740 के स्तर पर कारोबार कर रहा है। हालांकि आईटी शेयरों में बिकवाली देखने को मिल रही है।

फिलहाल बीएसई का 30 शेयरों वाला प्रमुख इंडेक्स सेंसेक्स 107 अंक यानि 0.3 फीसदी की तेजी के साथ 34,611 के स्तर पर कारोबार कर रहा है। एनएसई का 50 शेयरों वाला प्रमुख इंडेक्स निफ्टी 34 अंक यानि 0.3 फीसदी की उछाल के साथ 10,685 के स्तर पर कारोबार कर रहा है।

बाजार में कारोबार के इस दौरान दिग्ग…

Stock Market - :

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Sensex, Nifty flat; Infosys gains 1%

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Domestic benchmark indices opened flat today taking cues from weak Asian equity markets and US equities overnight. Nifty IT, Nifty Auto and Nifty FMCG were the only sectoral indices trading in green.
At 10:37 AM, the BSE Sensex was trading at 34,419, down 14 points, while the broader Nifty50 was ruling at 10,624, down  8 points.
Jindal Steel and Power fell 2% after CBI pressed bribery charge against Naveen Jindal for irregularities in the allocation of a Jharkhand coal block.
Maruti Suzuki India was up 0.16% at Rs 9,398.85 after the company announced a price increase ranging from Rs 1,700 to Rs 17,000 (ex-showroom- Delhi) across models with effect from 10 January 2018, owing to increase in commodity and other administrative & distribution costs.
Jai Corp stock surged after RIL through its personal investment firms is in talks with the company to buy its 24% stake in Navi Mumbai Special Economic Zone, as per media reports.
Shares of Tata Consultancy Services traded 0.3% lower ahea…

Why should investors lower their expectation from market in 2018?

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Indian equity market gave splendid returns in 2017 after two lackluster years. Nifty 50 gave 28.6% return in 2017 compared to mere ~3% in 2016 and a negative return of ~4% in 2015. In 2017, Mid-cap and Small-cap stocks outshined the Large-cap stocks. BSE Mid-cap and BSE Small-cap gave magnificent ~48% and ~60% returns in 2017 respectively.


Source: ACE MF

In sectors, Reality and Metal outperformed the other sectors. Nifty Realty and Nifty Metal gave a magnificent return of ~110% and ~48% in 2017 respectively. Government’s emphasis on ‘Housing for All by 2022’, RERA and infrastructure status to reality sector provided the required revival to the reality sector, whereas, recovery in the commodity prices supported the metal sector. IT and Pharma sectors underperformed in 2017. The pricing pressure and Visa norms in the US put weight on IT companies, while, slow approvals by USFDA and pricing pressure kept the Indian pharma companies underneath.


Source: ACE MF

In 2017, Moody’s upgraded India’…