Pre-Session –Markets seen opening higher; cement stocks eyed 24/07/2014

Pre-Session –Markets seen opening higher; cement stocks eyed
24/07/2014 08:13
Tracking firm cues from Asian peers, the domestic equity market is likely to open higher on Thursday. Bucking the trend, Nifty India stock futures in Singapore opened on flat note, giving an indication for flat to higher opening for markets. On the global front, Asian peers were trading higher as reports bolstered the outlook for the global economy. In overnight trading, Wall Street ended higher as strong earnings report and economic data lifted sentiment. Apple Inc reported third-quarter earnings that topped expectations, though revenue missed forecasts. Back home, cement stocks will be on focus as ACC, Ambuja Cements will unveil their earnings today. Among others, Wipro, Bharti Infratel, Biocon, Glenmark Pharmaceuticals,TVS Motor will also announce their earnings today.

Continuing its gaining streak for seventh straight session, the Indian benchmark indices ended higher on Wednesday, led by gains in index heavyweights such as Reliance Industries, HDFC Bank, Bharti Airtel and ITC. On the sectoral front, IT, Teck, realty, power, oil & gas and realty stocks were among notable gainers on BSE. Meanwhile, profit booking were seen in the broader markets which capped upmove.

The BSE SENSEX closed at 26147.33 up by 121.53 points or by 0.47 per cent, while the NSE Nifty ended at 7795.75 up by 27.9 points or by 0.36 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 26188.64 and intraday low of 26000.40, while the NSE Nifty touched intraday high of 7809.20 and intraday low of 7752.90.

Back home, the broader market continued its lackluster trade on Wednesday and closed on mixed note. The BSE MIDCAP closed at 9311.72 up by 0.63 points or by 0.01 per cent, while the BSE SMLCAP ended at 10204.18 down by 64.58 points or by 0.63 per cent.

On the Sectoral front, Teck and IT indices gained 2.24 per cent and 1.74 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3207, shares advanced were 1389 while 1707 shares declined and 111 were unchanged.

The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 3347.00,+3.46%), Hindalco Industries Ltd. (Rs. 193.10,+2.58%), Tata Consultancy Services Ltd. (Rs. 2586.90,+2.21%), Wipro Ltd. (Rs. 569.35,+1.87%), Mahindra & Mahindra Ltd. (Rs. 1197.00,+1.58%), among others.

On the flip side, Tata Steel Ltd. (Rs. 554.95,-1.27%), Tata Power Company Ltd. (Rs. 103.05,-1.25%), Maruti Suzuki India Ltd. (Rs. 2489.10,-0.94%), Oil And Natural Gas Corporation Ltd. (Rs. 405.10,-0.91%), Axis Bank Ltd. (Rs. 2001.15,-0.82%, were among notable losers on BSE.

Adding bullishness to Dalal-Street, the FIIs turned net buyer in both debt and equity market for the fifth straight day. Gross equity purchased stood at Rs. 3450.09 Crore and gross debt purchased stood at Rs. 918.57 Crore, while the gross equity sold stood at Rs. 3077.78 Crore and gross debt sold stood at Rs. 50.28 Crore. Therefore, the net investment of equity and debt reported were Rs. 372.31 Crore and Rs. 868.29.

Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 16908175.00, IDFC Ltd. 9610494.00, DLF Ltd. 5853901.00, NTPC Ltd. 5435173.00, ITC Ltd. 5164384.00.

On NSE, total number of shares traded was 86.38 Crore and total turnover stood at Rs. 16186.88 Crore.

In the NSE F&O segment, total number of contracts traded in index futures was 407470 with a total turnover of Rs. 15834.46 Crore. Along with this total number of contracts traded in stock futures were 793524 with a total turnover of Rs. 31511.20 Crore. Total numbers of contracts for index options were 4534285 with a total turnover of Rs. 175792.21 Crore and total numbers of contracts for stock options were 384821 with a total turnover of Rs. 15158.93 Crore.

Pre-Session –Positive opening on cards for markets 23/07/2014

Pre-Session –Positive opening on cards for markets
23/07/2014 08:16
Tracking firm cues from Asian peers, the domestic equity market is likely to open higher on Wednesday. Even, Nifty India stock futures in Singapore were trading in positive terrain, signaling a higher opening for the domestic bourses. On the global front, Asian peers were trading higher as reports bolstered the outlook for the global economy. In overnight trading, Wall Street ended higher as strong earnings report and economic data lifted sentiment. Apple Inc reported third-quarter earnings that topped expectations, though revenue missed forecasts.

The Indian benchmark indices ended higher for the sixth straight day on Tuesday helped by gains in IT, Teck, metals, oil & gas, infrastructure and consumer durable stocks. Further, the continued support from foreign institutional investors also lifted market sentiments. On the sectoral front, shares of telecom services providers such as Bharti Airtel, Idea Cellular and Reliance Communications (RCom) ended higher after the telecom regulator authority of India (TRAI) recommended allowing sharing of all categories of airwaves held by operators, the move could help companies to reduce cost of mobile services.

Pre-Session –Market set to open higher on firm global cues 22/07/2014

Pre-Session –Market set to open higher on firm global cues
22/07/2014 08:17
Tracking firm cues from Asian peers, the domestic equity market is likely to open higher on Tuesday. Even, Nifty India stock futures in Singapore were trading in positive terrain, signaling a higher opening for the domestic bourses. Further, the earnings reports, which are largely in line with market expectations are likely to drove bourses higher, say analysts. On the global front, Asian peers were trading higher with Japan's Nikkei 225 index up 1 per cent and Hong Kong's Hang Seng index was trading 0.8 per cent higher. In overnight trading, Wall Street ended lower ended lower as investors sentiment was spooked by persistent tension in Ukraine and Gaza.

On Monday, the Indian benchmark indices ended higher on Monday, continuing its gaining momentum for fifth straight day, led by gains in FMCG and oil &gas stocks. The investors bet on oil and gas stocks after country’s largest private sector enterprise Reliance Industries has once again delivered better financial results which beat analyst expectations on every parameter. The Mukesh Ambani-owned company has posted a growth of 13.74 per cent in its consolidated net profit at Rs 5,957 crore for the first quarter ended June 30, 2014, despite weak regional refining margins and a planned turnaround in our refinery.

The BSE SENSEX closed at 25685.18 up by 43.62 points or by 0.17 per cent, while the NSE Nifty ended at 7684.2 up by 20.3 points or by 0.26 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 25861.15 and intraday low of 25677.71, while the NSE Nifty touched intraday high of 7722.1 and intraday low of 7674.

In a similar fashion, the broader market also ended higher. The BSE MIDCAP closed at 9299.73 up by 46.93 points or by 0.51 per cent, while the BSE SMLCAP closed at 10261.74 up by 80.9 points or by 0.79 per cent. On the Sectoral front, FMCG and oil and gas indices gained 1.13 per cent and 0.57 per cent, respectively.

The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3212, shares advanced were 1809 while 1293 shares declined and 110 were unchanged.

The top gainers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 1006.70,+2.61%), Reliance Industries Ltd. (Rs. 996.20,+2.00%), ITC Ltd. (Rs. 349.50,+1.55%), Axis Bank Ltd. (Rs. 2018.00,+1.10%), Hindustan Unilever Ltd. (Rs. 627.25,+0.84%), among others.

On the flip side, Tata Power Company Ltd. (Rs. 103.70,-1.94%), GAIL (India) Ltd. (Rs. 437.00,-1.86%), Bharat Heavy Electricals Ltd. (Rs. 234.20,-1.58%), State Bank of India (Rs. 2523.05,-1.50%), Infosys Ltd. (Rs. 3211.00,-1.30%), were among notable losers on BSE.

Extending their support to Indian markets, the FIIs turned net buyer in both debt and equity market for the third straight day. Gross equity purchased stood at Rs. 3272.63 Crore and gross debt purchased stood at Rs. 1111.42 Crore, while the gross equity sold stood at Rs. 2684.04 Crore and gross debt sold stood at Rs. 139.28 Crore. Therefore, the net investment of equity and debt reported were Rs. 588.59 Crore and Rs. 972.14.

Top traded Volumes on NSE Nifty were IDFC Ltd. 13905031.00, Hindalco Industries Ltd. 12711833.00, DLF Ltd. 6564415.00, ITC Ltd. 5249391.00, Tata Steel Ltd. 4389860.00.

On NSE, total number of shares traded was 72.29 Crore and total turnover stood at Rs. 14273.80 Crore.

In the NSE F&O segment, total number of contracts traded in index futures was 280142 with a total turnover of Rs. 10810.19 Crore. Along with this total number of contracts traded in stock futures were 646871 with a total turnover of Rs. 25402.32 Crore. Total numbers of contracts for index options were 3212285 with a total turnover of Rs. 123455.66 Crore and total numbers of contracts for stock options were 311654 with a total turnover of Rs. 12019.16 Crore.

Pre-Session –Market seen opening higher; RIL, Kotak Mahindra Bank eyed 21/07/2014

Pre-Session –Market seen opening higher; RIL, Kotak Mahindra Bank eyed
21/07/2014 08:27
Tracking positive trend seen in SGX Nifty couple with gains in Asian market, the domestic equity market is likely to open on a positive note on Monday. Asian stocks rebounded as better-than-expected earnings by US companies shrugged off concerns of geo-political tension which was escalated after downing of a passenger jet in Ukraine and Israel’s invasion of Gaza. On the global front, Wall Street ended higher on Friday on the back of some fresh merger news and strong corporate earnings report. Back home, investors will keep an eye on Reliance Industries which reported high-than-expected earnings by posting 13.7 per cent rise in quarterly net profit. Among others, Kotak Mahindra Bank will also remain on focus as the lender has entered into a pact to acquire 15 per cent equity stake in Multi Commodity Exchange of India Ltd, from Financial Technologies (India) Ltd., for Rs 459 crore.

On Wednesday, the Indian benchmark indices ended higher for fourth straight day as gains in information technology stocks, led by TCS, Mindtree, HCL, Wipro and M&M, discounted concerns over the downing of an airliner in Ukraine. The investors bet on IT stocks after country’s largest software exporter TCS reported higher-than-expected earnings for the first quarter ended June, raising outlook for the sector. On the global front, Asian markets ended lower on Friday as news of downing of Malaysian passenger jet in Ukraine spooked investors, sparking renewed geo-political tensions between Russia and Ukraine

Pre-Session –Market seen opening lower; TCS eyed 18/07/2014

Pre-Session –Market seen opening lower; TCS eyed
18/07/2014 08:58
Tracking mixed cues from Asian peers, the domestic equity market is likely to open on weak on Friday. Even, Nifty India stock futures in Singapore were trading in negative terrain, signaling a flat to lower opening for the domestic bourses. On the global front, Asian peers were trading lower as investors took some breathe after recent strong rally. In overnight trading, Wall Street ended lower on news that a Malaysian Airlines passenger jet crashed near the Ukraine-Russia border. Back home, investors will keep an eye on stocks of India's largest software exporter TCS which has posted better-than-expected earnings for first quarter ended June.

On Thursday, he key domestic benchmark indices ended on a flat note with positive bias after a choppy session of trade during the day as investors remained cautious and booked profits at higher levels. Losses in financials and oil and gas shares capped gains. On the global front, Asian equities dipped on Thursday, giving up earlier modest gains as Chinese shares fell, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve was tilting towards tighter monetary policy.

The BSE SENSEX closed at 25,561.16 up by 11.44 points or by 0.04 per cent, while the NSE Nifty ended at 7640.45 up by 16.05 points or by 0.21 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 25613.03 and intraday low of 25494.46, while the NSE Nifty touched intraday high of 7655.65 and intraday low of 7612.7.

On sectoral front, BSE Metal was the top gaining index up by 2.4 per cent followed by BSE Consumer Durables, Power, Capital goods and Healthcare indices.

In addition, BSE Teck and IT indices ended flat with a positive bias. In contrast, BSE Realty was the top losing index, followed by oil & gas and Auto indices lower between 0.2-0.7 per cent. Bankex ended flat with a negative bias.

The top gainers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 188.75,+3.91%), Tata Power Company Ltd. (Rs. 108.55,+3.53%), Tata Steel Ltd. (Rs. 558.90,+2.99%), Coal India Ltd. (Rs. 375.70,+2.86%), NTPC Ltd. (Rs. 150.45,+2.63%), among others.

The top losers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1181.35,-3.18%), Bajaj Auto Ltd. (Rs. 2091.70,-2.27%), GAIL (India) Ltd. (Rs. 452.95,-0.91%), Maruti Suzuki India Ltd. (Rs. 2555.00,-0.87%), Tata Consultancy Services Ltd. (Rs. 2381.10,-0.84%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3182, shares advanced were 1817 while 1236 shares declined and 129 were unchanged.

The FIIs turned net buyer in both debt and equity market. Gross equity purchased stood at Rs. 4498.78 Crore and gross debt purchased stood at Rs. 1206.26 Crore, while the gross equity sold stood at Rs. 3861.27 Crore and gross debt sold stood at Rs. 952.40 Crore. Therefore, the net investment of equity and debt reported were Rs. 637.51 Crore and Rs. 253.86.

Top traded Volumes on NSE Nifty were IDFC Ltd. 20301712.00, Hindalco Industries Ltd. 11547823.00, DLF Ltd. 10956763.00, Sesa Sterlite Ltd. 9048706.00, NTPC Ltd. 8216045.00.

On NSE, total number of shares traded was 89.87 Crore and total turnover stood at Rs. 16753.25 Crore.

In the NSE F&O segment, total number of contracts traded in index futures was 306514 with a total turnover of Rs. 11711.09 Crore. Along with this total number of contracts traded in stock futures were 780271 with a total turnover of Rs. 31169.65 Crore. Total numbers of contracts for index options were 2915126 with a total turnover of Rs. 111609.95 Crore and total numbers of contracts for stock options were 354862 with a total turnover of Rs. 14196.83 Crore.

Pre-Session – Market seen opening flat; TCS Q1 earnings eyed 17/07/2014

Pre-Session –Market seen opening flat; TCS Q1 earnings eyed
17/07/2014 08:16
Tracking mixed cues from Asian peers, the domestic equity market is likely to open on a flat note on Thursday. Even, Nifty India stock futures in Singapore were trading marginally lower, signaling a flat opening for the domestic bourses. On the global front, Asian peers were trading mix to higher helped by gains in material and industrial shares. In overnight trading, Wall Street ended higher on the back of some fresh merger news and strong corporate earnings report. Back home, investors will keep an eye on corporate earnings results of India's largest software exporter TCS which will unveil its result today.

On Wednesday, the Indian benchmark indices closed higher, extending gains for second day, supported by gains in rate-sensitive financial and realty stocks, led by ICICI Bank, Axis Bank, Unitech and DLF, after RBI exempted long term bonds from mandatory regulatory norms like CRR and SLR if the money raised is used for funding of such projects. Investors reacted positively to the RBI announcement as the move will boost infrastructure development and affordable housing.

The BSE SENSEX closed at 25549.72 up by 321.07 points or by 1.27 per cent, while the NSE Nifty ended at 7624.4 up by 97.75 points or by 1.3 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 25602.78 and intraday low of 25246.75, while the NSE Nifty touched intraday high of 7640.1 and intraday low of 7532.45.

Banks can issue long-term bonds with a minimum maturity of seven years to raise resources for lending to (i) long term projects in infrastructure sub-sectors, and (ii) affordable housing," the Reserve Bank said in a statement. The central bank said it intends to "ease the way for banks to raise long term resources to finance their long term loans to infrastructure as well as affordable housing".

Outperforming the benchmark indices, the broader market ended higher. The BSE MIDCAP closed at 9165.92 up by 121 points or by 1.34 per cent, while the BSE SMLCAP closed at 10057.37 up by 201.37 points or by 2.04 per cent.

On the Sectoral front, realty and banking indices gained 4.28 per cent and 2.5 per cent, respectively.

The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3182, shares advanced were 2062 while 1004 shares declined and 116 were unchanged.

The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 1459.05,+4.70%), Hindalco Industries Ltd. (Rs. 181.65,+4.19%), Axis Bank Ltd. (Rs. 1965.25,+3.57%), Tata Steel Ltd. (Rs. 542.70,+3.13%), Sesa Sterlite Ltd. (Rs. 296.65,+2.97%), among others.

On the flip side, GAIL (India) Ltd. (Rs. 457.10,-0.96%), Bajaj Auto Ltd. (Rs. 2140.25,-0.85%), Wipro Ltd. (Rs. 535.45,-0.34%), Cipla Ltd. (Rs. 431.80,-0.27%), Dr. Reddy's Laboratories Ltd. (Rs. 2635.05,-0.21%), were among notable losers on BSE.

As the budget euphoria reaching end, the FIIs turned net seller in both debt and equity market. Gross equity purchased stood at Rs. 3024.89 Crore and gross debt purchased stood at Rs. 229.73 Crore, while the gross equity sold stood at Rs. 3025.45 Crore and gross debt sold stood at Rs. 452.71 Crore. Therefore, the net investment of equity and debt reported were Rs. -0.56 Crore and Rs. -222.98.

Top traded Volumes on NSE Nifty were IDFC Ltd. 45275354.00, DLF Ltd. 11121811.00, Hindalco Industries Ltd. 10109551.00, NTPC Ltd. 6549523.00, ICICI Bank Ltd. 6303025.00.

On NSE, total number of shares traded was 96.87 Crore and total turnover stood at Rs. 17702.16 Crore.

In the NSE F&O segment, total number of contracts traded in index futures was 449047 with a total turnover of Rs. 17036.45 Crore. Along with this total number of contracts traded in stock futures were 827361 with a total turnover of Rs. 31814.30 Crore. Total numbers of contracts for index options were 4094919 with a total turnover of Rs. 155472.00 Crore and total numbers of contracts for stock options were 345718 with a total turnover of Rs. 13333.78 Crore.