Monday, 21 August 2017

Market Live: Sensex rises 100 pts, Nifty eyes 9,900; broader markets gain too

Infosys lost 3 percent to Rs 896 despite announcement of buyback of up to Rs 13,000 crore.

indian stock intraday tips10:05 am Market Check: Equity benchmarks as well as broader markets continued to gain in morning trade, backed by banks, metals, FMCG and oil stocks.

The 30-share BSE Sensex was up 105.88 points at 31,630.56 and the 50-share NSE Nifty rose 45.45 points to 9,882.85.

About two shares advanced for every share falling on the BSE.

ICICI Bank, ONGC, Tata Steel, Coal India, ITC, TCS and Axis Bank rallied up to 2 percent while Reliance Industries and HDFC gained 0.4 percent. STOCK INTRADAY TIPS

Infosys remained under pressure, down 2.5 percent after CLSA maintained underperform call on the stock. The research house sees significant senior level departures over next six months till new CEO is found and also sees downside risks to guidance for FY18/19.

9:55 am USFDA nod: Aurobindo Pharma shares rallied as much as 1.6 percent in morning trade on tentative approval from USFDA for Dolutegravir, Lamivudine & Tenofovir Disoproxil Fumarate tablets.

".... received tentative approval from the US Food and Drug Administration under the US President's emergency plan for AIDs relief for new drug application for Dolutegravir, Lamivudine & Tenofovir Disoproxil Fumarate tablets," the healthcare firm said in its filing.

This product is used for treatment of HIV-1 infection along as a complete regimen in adults and pediatric patients weighing 40 kg and greater.

The reference listed drugs of the approved combination product are ViiV Healthcare's Tivicay (Dolutegravir) and Epivir (Lamivudine) and Gilead Science's Viread (Tenofovir Disoproxil Fumarate).

Aurobindo said the company and ViiV Healthcare signed a licensing agreement in 2014 that allows it to supply Dolutegravir 50mg in 92 licensed countries, following completion of required local regulatory approval processes.

The triple combination product is expected to be launched in sub-Saharan Africa in Q3FY18.

9:40 am FII View: "While investors have been willing to forgive downgrades to consensus EPS in India in the past, we highlight that the scale of the downgrades appears to be getting larger," Sakthi Siva of Credit Suisse said.

With 53 companies in India having reported, current year consensus EPS has been downgraded by 5.3 percent since June 30, she added.

Credit Suisse reiterated underweight call on India.

While India is the only market in the Expensive 4 to outperform in 2017 so far, the research house reiterated underweight call as implied return on equity rises to 18.5 percent versus current return on equity of 13.1 percent, Siva said.

9:25 am Buzzing: Shares of Laurus Labs rose 3.5 percent in morning trade on the back of completion of USFDA inspection.

The company has completed the US Food and Drug Administration (USFDA) inspection of its API facilities in Units 1 and 3 at Parawada, Visakhapatnam, Andhra Pradesh with two observation which are only procedural in nature.

This is a regular surveillance audit by USFDA, and no data integrity issues were observed in the inspection.

9:15 am Market Check: The market bounced back with moderate gains amid volatility on Monday after Friday's sell-off.

The 30-share BSE Sensex was up 7.61 points at 31,532.29 and the 50-share NSE Nifty rose 12.75 points to 9,850.15. About two shares advanced for every share falling on the BSE.

Hindalco, Vedanta, Tata Steel, ICICI Bank, Tech Mahindra, Eicher Motors, BPCL, UltraTech Cement, Aurobindo Pharma and HCL Technologies gained up to 2 percent while TCS, Bharti Infratel and HDFC Bank were losers.

Infosys lost 3 percent to Rs 896 despite announcement of buyback of up to Rs 13,000 crore.

Reliance Capital gained 2 percent while Jet Airways fell 1 percent.
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Friday, 18 August 2017

BSE, NSE to suspend trading in UBHL, others from September 8

Trading in UBHL would be suspended from September 8 "on account of non-compliance with financial results and non- payment of fine for two consecutive quarters", NSE said in a communication.

BSE, NSE Trading TipsLeading bourses BSE and NSE will suspend trading in the shares of United Breweries (Holdings) Ltd from September 8 while the entire promoter shareholding has been frozen with immediate effect.

Fugitive liquor baron Vijay Mallya is a promoter of UBHL.

Trading in UBHL would be suspended from September 8 "on account of non-compliance with financial results and non- payment of fine for two consecutive quarters", NSE said in a communication. NSE TRADING TIPS

These are three months ended December 31, 2016 and March 31, 2017, respectively.


In case the company complies with the requirements before September 4, then the proposed trading suspension would not be imposed.

According to the bourse, the suspension would continue from September 8 till the firm complies with the requirements.

Similar directions have been issued against another company Net 4 India by the NSE.

In a separate communication, the BSE issued such directions to three other companies along with UBHL and Net 4 India.

The other firms are Sang Froid Labs (India), Oyeeee Media and Spicy Entertainment and Media.

The BSE said Sang Froid Labs (India) has submitted financial results but not paid the applicable fines. With respect to Oyeeee Media, the company has submitted financial results but not paid the applicable fines for late submission of results for half year ended September 2016 and March 2017.

Spicy Entertainment and Media has not complied with Regulation 33 of Sebi (Listing Obligations and Disclosure Requirements) Regulations for half year ended September 2016 and March 2017.

Thursday, 17 August 2017

Nifty may open on negative note, shed 8 points: Maximus Securities

Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 8 points at the opening bell, says Maximus Securities.

NIFTY STOCK TIPSF&O Outlook:

Nifty PCR-OI has increased to 0.98 from 0.92. The rise in the ratio may be due to increase in PE of 9700 and decrease in CE of 10500. PE of 9800 and CE of 9900 are the highest number of contracts traded.

Opening for the Day:
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 8 points at the opening bell. NIFTY STOCK TIPS

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Wednesday, 16 August 2017

India@70: There is quiet revolution in equity markets but golden period is yet to come

Expect market development on a grand scale over the next few years. Combined with 7-8 percent annual GDP growth, investors can look forward to a golden period ahead

Indian share market tipsThere has been a lot of noise about equity markets recently but all of it has been centered around the markets crossing new milestones like 30,000 on Sensex and 10,000 on the Nifty50.

This, of course, is the outcome of the economic performance of the country and the market cap of the listed entities is the proof of the pudding, now that it has crossed $2 trillion.

Importantly, it is also a time when the markets themselves are more active. For example, the improving market-cap to GDP ratio indicates more confidence leading to increased trading and investing activity.

It also means that there are more participants in the India story who are funding the growth and will partake of the considerable benefits over the next several years.

And yet there’s even more happening — quietly.

The regulator has been very active in aiming to modernise the securities markets. With remarkable foresight and alacrity, it has formed a special panel on fin-tech, with heavy-duty committee members, to study, deliberate and suggest ways to widen and deepen markets with extensive use of technology.

The aim is to lower transaction cost and improving ease of doing business. There is action on other fronts too. NSE STOCK TIPS

For example, the commodities segment has seen much more focus recently. The regulator allowed the same broking entity to do equity and commodity trading which will ultimately allow for cross-margining and the introduction of indices and options very soon.

It has also encouraged the introduction of new participants and allowed Alternative Investment Funds in the segment.

Further, investor protection focus has been consistently strong. The introduction of the investment products could well be the next step so that all participants have maximum financial products at their disposal in line with international markets.

Some simple products, like SIP automation, will be very well suited to Indian markets. If technology can enable all financial products to be bought and sold through the screen via the same intermediary using a single KYC, we are looking at a huge market.

Expect market development on a grand scale over the next few years. Combined with 7-8 percent annual GDP growth, investors can look forward to a golden period ahead.

Disclaimer: The author is President, Religare Securities. The views and investment tips expressed by investment experts on moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Monday, 14 August 2017

Expect Nifty to open positive, support placed around 9680: Stewart & Mackertich

Taking global market cues Nifty is expected to open positive and likely to remain under pressure as long as it trades below 9780. Midway crucial resistance is placed around 9755. Downside support is placed around 9680, says a report by Stewart & Mackertich.

stock futuresTaking global market cues Nifty is expected to open positive and likely to remain under pressure as long as it trades below 9780. Midway crucial resistance is placed around 9755. Downside support is placed around 9680.

On the last trading day of the previous week, Nifty ended 1.11% down at 9710.80. Taking overnight global markets cues it opened gap down and remained extremely volatile throughout the session. Early morning low around of 9710 got breached down in the latter half of the trade towards ending the session with a bearish Doji candle. Finishing off the last trading day of the week on an extreme bearish note is pointing towards further correction. However, after straight fall for the fourth consecutive session Nifty might get into an intraday pullback mode followed by range bound oscillation before its next course of down move. Upside resistances are placed around 9755 and 9780. STOCK FUTURE TIPS

On the Nifty hourly chart; it is trading below all the crucial moving averages. Hence, needless to say Nifty retracement against the broader uptrend might get deepen towards 9680 and 9610.

Considering Nifty multiple time frames and overall chart pattern that shows; Nifty breaking down upward trend line may lead to a short-term correction against the broader uptrend. Hence, Nifty propelled by strong corrective momentum may approach towards downside crucial supports placed around 9680 and 9610, which comes up as an excellent opportunity for the long-term and portfolio investors to accumulate blue-chip stocks across large-cap and mid-cap space.

Last Friday, Bank Nifty ended at 23985.75 (down 0.96 percent). 23820 and 23740 are the immediate downside supports. Upside resistance is placed around 24260.

Nifty crucial supports and resistances for the day:

Supports: 9680, 9610

Resistances: 9755, 9780

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Friday, 11 August 2017

J Kumar Infra, Prakash Ind hit 20% lower circuit post SAT order against SEBI ban

The companies share has started its normal trading today post the Securities Appellate Tribunal (SAT) on Thursday stayed restrictions imposed by the SEBI on trading of shares on the exchanges.

stock market tipsShares of J Kumar Infraprojects and Prakash Industries have locked at 20 percent lower circuit in the opening trade on Friday post the shares of both the companies start trading on the indices after they were declared as shell companies.

The trading in these two companies had been halted, along with 329 others, after they were identified as suspected shell companies by Securities and Exchange Board of India (SEBI). Read More Stock market tips

The shares had moved to so-called Stage VI of graded surveillance measures - where trading is allowed only once a month - for being suspected shell companies.

J Kumar Infraprojects and Prakash Industries had moved the SAT against the SEBI directions.

The companies share has started its normal trading today post the Securities Appellate Tribunal (SAT) on Thursday stayed restrictions imposed by the SEBI on trading of shares on the exchanges.

Out of the 331 companies on the list, more than 160 are actively traded shares on the exchanges.

J Kumar Infraprojects has registered 12.5 percent fall in its Q1 (April-June) net profit at Rs 25.8 crore against Rs 29.5 crore, in the same quarter last fiscal.

At 09:26 hrs Prakash Industries was quoting at Rs 111.20, down 20 percent with pending sell orders of 268,388 shares.

J Kumar Infraprojects was quoting at Rs 226.95, down 19.99 percent with pending sell orders of 17,032 shares.
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Thursday, 10 August 2017

Buy, Sell, Hold: 5 stocks that are being tracked by analysts today

Aurobindo, Eicher Motors and Bank of India, among others, are on the radar of investors on Thursday.

Best stock trading tipsAurobindo

Brokerage: JPMorgan

The research firm observed that the June quarter was ahead of its estimates, but slightly below Street expectations. A 7 percent QoQ Growth in US business is positive, given the muted trend in base business. Further, an improvement in the business and higher margin may reverse declining trend in the stock.

Bank of India

Brokerage: Kotak Sec | Rating: Add | Target: Rs 170

Kotak Securities said that sharp compression seen in net interest margin in Q1. Further, a better coverage ratio is aiding the bank, resulting in NPLs falling for fifth quarter. It also said that the company is essentially looking for a convergence between book value & adjusted book.

Mahanagar Gas

Brokerage: Kotak Sec | Rating: Sell | Target: Rs 785

The brokerage house said that the company’s June quarter results were above expectations as the company retained benefits of lower input price. Further, it remained cautious on the sustainability of high margins & returns of CGD business. Best stock trading tips

Eicher Motors

Brokerage: Axis Cap | Rating: Downgrade to Hold | Target: Rs 31,496

The brokerage said that the story of strong volume growth & margin expansion remains intact. Further, the order book being 1.5 months while capacity expansion is worrying and expects waiting period to be higher given that capacity has been stagnant. The brokerage continues to believe co is a quality franchise with growth story still intact.

Tata Motors

Brokerage: Motilal Oswal | Rating: Buy | Target: Rs 542

Motilal Oswal downgraded consolidated EPS By 27%/7% factoring in cost pressures in JLR & stronger rupee. Lower EV/EBITDA multiple for JLR To 3x to factor in high volatility in performance.
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