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Showing posts with label Nifty Futures Tips. Show all posts
Showing posts with label Nifty Futures Tips. Show all posts

Friday, 3 June 2016

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NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 03 JUN 2016

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CS NIFTY FUTURES (JUNE) OVERVIEW
TREND MIXED TO BULLISH
RES2:8295
RES 1:8255     
SUP1:8155
SUP2:8115

CS BANK NIFTY FUTURES (JUNE) OVERVIEW
TREND MIXED TO BULLISH
RES 2:17755
RES 1:17675
SUP1:17325
SUP2:17275
                                                  


Thursday, 2 June 2016

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Top 5 Things to Know In the Market on Thursday

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Here are the top five things you need to know in financial markets on Thursday, June 2:

1. OPEC meets in Vienna
The Organization of the Petroleum Exporting Countries’ closely-monitored meeting kicked off in Vienna at 08:00GMT, or 4:00AM ET. The oil cartel is due to release a statement following the conclusion of the summit at around 14:00GMT, or 10:00AM ET, although no dramatic announcement on a production cut is expected.
Speaking to journalists ahead of the meeting, Saudi Arabia’s oil minister, Khalid Al-Falih, said the oil group’s strategy of letting the market rebalance itself out on its own appeared to be working.
Brent was up 25 cents, or 0.5%, at $49.97 a barrel by 9:55GMT, or 5:55AM ET, after rising to a high of $50.30, while U.S. crude tacked on 20 cents, or 0.4%, to $49.21.
Traders will also eye weekly government stockpile data from the U.S. due at 15:00GMT, or 11:00AM ET, amid expectations for a drop of 2.5 million barrels.

2. ECB policy decision, Draghi in focus
The European Central Bank's interest rate decision is due at 11:45GMT, or 7:45AM ET, with most of the focus likely to be on President Mario Draghi's press conference 45 minutes after the announcement. The consensus is that the ECB will stand pat on rates and reaffirm its focus on implementing the stimulus package announced in March.
The ECB will also release updated inflation and growth forecasts, with some analysts expecting the bank to raise its projections for inflation and growth.

3. U.S. employment data due ahead of the bell
The U.S. was to release the ADP jobs report for May at 12:15GMT, or 8:15AM ET, followed by weekly jobless claims data at 12:30GMT, or 8:30AM ET.
Market players are also focusing on Friday's U.S. nonfarm payrolls report. The consensus forecast is that the data will show jobs growth of 162,000 last month, following an increase of 160,000 in April, the unemployment rate is forecast to dip to 4.9%, while average hourly earnings are expected to rise 0.2% after gaining 0.3% a month earlier.
Solid readings could further heighten expectations for a move as soon as the Federal Reserve's next policy meeting on June 14-15.
Traders are now pricing in a 20% chance for a rate hike in June and 58% in July, according to CME Group's (NASDAQ:CME) FedWatch tool. September odds were at about 66%.

4. Global stocks mostly higher ahead of key risk events
U.S. stock futures pointed to a flat open on Thursday, as market players looked ahead to key U.S. data later in the day for more clues on the Federal Reserve’s next move.
Elsewhere, European stock markets were marginally higher, as investors waited to hear about monetary policy from the European Central Bank and oil output policy from the Organization of the Petroleum Exporting Countries.
Earlier, Japan's Nikkei tumbled 2% after the government moved to delay a sales-tax hike for more than two years, bucking mostly higher markets around the region.

5. Dollar moves further away from 2-month highs
The U.S. dollar retreated further from a two-month high against a basket of major currencies early Thursday. The dollar index was down 0.15% at 95.28, moving further away from Monday’s two-month peak of 95.96.

The greenback fell to a two-week low of 108.84 against the yen and was last down 0.5% at 109.01 (USD/JPY), while the euro touched a two-week peak of 1.1220 and last traded at 1.1202, up 0.1% (EUR/USD).

                                             

Thursday, 26 May 2016

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TOP CORPORATE NEWS- 26 May 2016

Nifty Futures Tips
L&T rallies on stellar Q4FY16 result, ahead of estimate
Shares of Larsen & Toubro rallied around 15% to Rs1480 on NSE post Q4FY16 results which came ahead of estimate and encouraging guidance; PT revised to Rs1,550
Beats the Street with healthy execution and margin expansion:
For Q4FY2016, Larsen & Toubro (L&T) reported a very healthy performance, much ahead of our as well as Street estimate.
The consolidated earnings grew by 22% YoY to Rs2, 405 crore, (14% better than our estimate), backed by a revenue growth of 18% and 178BPS margin expansion YoY.
A very healthy revenue growth was mainly driven by strong growth in infrastructure (up 19%) despite higher base, ~50% growth in power and developmental projects segments each.
Further, with the benefit of lower commodity prices, better execution and favorable job mix the operating profit margin (OPM) expanded by 178BPS YoY to 14.7%.

Engineers India Q4 net profit at Rs70 cr
Engineers India has announced the following Q4 & FY16  results for the quarter & year ended March 31, 2016:
Standalone
For the Quarter ended March 31, 2016
The Company has posted a net profit of Rs69.91 crore Vs Rs108.86 crore.
Total Income decreased to Rs352.70 crore Vs Rs568.45 crore.

YES Bank gets Cabinet nod to increase FII limit
YES Bank has received Cabinet nod to increase foreign investment limit – Positive for Yes Bank
The Cabinet Committee on Economic Affairs (CCEA) has approved YES Bank’s proposal to increase foreign investment limit to 74.0%, from the existing foreign equity of 41.8%.
The Mode of investment include QIP, ADR, GDR, QFI, and FPI under the Portfolio Investment Scheme (PIS) by acquisition of permissible securities on stock.

Dr Reddy’s buys 6 OTC brands from Ducere Pharma
Dr Reddy’s Laboratories buys 6 OTC brands from Ducere Pharma – Long term Positive for Dr Reddy.
Dr Reddy’s Laboratories Limited (DRL), has entered the branded consumer health arena with the acquisition of six over-the-counter (OTC) brands from Ducere Pharma LLC, which manufactures, markets and distributes more than eight drugs in the US.
The brands, acquired for an undisclosed amount, include Doan’s, Bufferin, Nupercainal ointment, Cruex nail gel, comtrex and myoflex, which are indicated for the treatment of cough-and-cold, pain and dermatology issues.

India Cements Q4 net profit at Rs51 cr
India Cements has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016
Standalone
For the Quarter ended March 31, 2016
The Company has posted a net profit of Rs51.21 crore VS Rs36.60 crore.
Total Income is Rs1154.14 crore Vs Rs1043.10 crore.

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Wednesday, 25 May 2016

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TOP CORPORATE NEWS- 25 May 2016

Nifty Futures Tips

Ashok Leyland Q4FY2016: Operating results in line with estimates
Ashok Leyland Q4FY2016 results: Operating results in line with estimates; dimunition in value of investments dents profits severely
Ashok Leyland Ltd has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:
Standalone
For the Quarter ended March 31, 2016
The Company has posted a net profit after tax of Rs77.02 crore Vs Rs229.97 crore.
Total Income has increased to Rs5987.23 crore Vs Rs4542.95 crore.

Cipla cracks on weak quarterly results
Shares of Cipla cracked 6% to Rs465 on weak results on account of one-offs; maintain Hold with unchanged PT of Rs581
Result synopsis: Sales for the quarter grew by 5.6% to Rs3, 266.5 crores; operating profit declined by 57% to Rs219 crore; operating profit margin (OPM) declined by 971BPS to 6.7% and profit for the quarter declined by 69% to Rs81 crore.
The domestic sales grew by 15.9% to Rs1, 258 crore; export formulation grew by 3% to Rs1, 744 crore and active pharmaceutical ingredient (API) exports remained flat at Rs204 crore.

Tech Mahindra rallies as Q4FY16 profit beats street
Shares of Tech Mahindra rallied 11% to Rs532 on NSE post Q4FY16 results led by in line performance, profit beat led by forex gain and lower tax rate.
Revenues for the quarter was up by 1.3% QoQ on CC term and 0.8% on a reported basis to $1,022.6 mn (in line with expectations).
The growth was led by enterprise side of business especially BFSI vertical, which was higher by 8.7% qoq on CC basis, while Telecom growth remain muted on sequential basis.

Bajaj Auto Q4FY2016 inline; lower other income lead to Net profit miss
Bajaj Auto Q4FY2016 results: Operationally inline; lower other income lead to Net profit miss
Bajaj Auto Ltd has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:
Standalone
For the Quarter ended March 31, 2016 (YoY)
Net Profit rose by 29.18% to Rs803.06 crore Vs Rs621.62 crore.
Total Income increased by 13.11% to Rs5535.56 crore Vs Rs4893.61 crore.

Cadila gets USFDA nod for Variconazole tablets
Cadila gets USFDA nod for Variconazole tablets; an anti-fungal drug; to be manufactured at Baddi facility – Sentimentally positive for Cadila.

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Monday, 23 May 2016

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MCX rallies as RBI allows overseas investors to buy stake

Nifty Futures tips
Dish TV Q4 consolidated net profit at Rs483 cr
Dish TV India Ltd has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016
Standalone
For the Quarter ended March 31, 2016
The Company has posted a net profit of Rs116.42 crore Vs Rs35.01 crore.
Total Income is at Rs536.42 crore Vs Rs743.59 crore.

Britannia Industries slumps on mixed Q4FY2016 performance
Shares of Britannia Industries tanked over 8% to Rs2696 on NSE post Q4FY2016 consolidated results which saw mixed performance; revenue growth slide down to single digits but better operational efficiencies drove margins
Britannia Industries total revenues grew by 7.2% to Rs2211.4crore; volume growth must have slide down to high single digit.

ITC rallies as Cigarette business delivers better Q4 performance
Shares of FMCG major ITC rallied over 5% to Rs347 on NSE as Cigarette business delivered better performance; maintain Buy (TP – Rs375)
Better operating performance; higher tax rate restricted PAT growth:
For Q4FY2016, ITC’s net revenues grew by 10.7% YoY to Rs10, 168.7 crore. Its core cigarette business revenues grew by 10%, while non-cigarette FMCG business revenues grew by just 5.4% during the quarter.
The gross profit margin (GPM) improved by 72BPS YoY to 60.9% and the operating profit margin (OPM) improved by 210BPS YoY to 36.3% (better than our expectation).
The operating profit grew by 17.5% YoY to Rs3, 687.1 crore. However, higher incidence of tax led to 10% Y-o-Y growth in PAT to Rs2, 495.2 crore in Q4FY2016.

CESC becomes distributor for Kota and Bharatpur
CESC has been appointed by Jaipur Vidyut Vitaran Nigam Limited as distribution franchisees for the cities of Kota and Bharatpur, Rajasthan for distribution and supply of electricity for a term of twenty years each.

MCX rallies as RBI allows overseas investors to buy stake
Shares of MCX surged 4% to Rs916.95 on NSE in an otherwise weak market on reports that the RBI has allowed overseas investors to buy stake, removed from FII Investment caution limit.
The Reserve Bank has allowed overseas investors to buy equity shares in Multi Commodity Exchange (MCX) after foreign shareholding in the bourse fell below the prescribed threshold caution limit.

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Thursday, 19 May 2016

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Castrol India drops as promoter divests 7% stake

Nifty Futures Tips
CESC Q4FY2016: In line numbers; earnings remain flat
CESC Q4FY2016 result first cut: In line numbers; earnings remained flat at Rs248 crore in this quarter
CESC reported flattish earnings in line with our estimate; PAT was at Rs 248 crore in Q4FY2016 Vs Rs244 Cr (YoY)
EBITDA Margin At 32.2%
Total Income At Rs.1,479 Cr
The revenue was up by 5% YoY; investor should take a note that this quarter result includes one off for period tariff adjustment like that of in Q4FY2015.

Lupin Q4 beats estimates
Lupin Ltd has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:
Standalone
For the Quarter ended March 31, 2016
The Company has posted a net profit of Rs924.93 crore Vs Rs407.70 crore.
Total Income has increased from Rs2198.12 crore Vs Rs3295.03 crore.

Castrol India drops as promoter divests 7% stake
Shares of Castrol India dropped over 3% to Rs373 on NSE on reports that the promoter (BP) is divesting 7% stake in the company viz 34.62 million shares with an upside option of 3.5% stake viz 17.31 million shares in the price range of Rs355-385.25 per share.
The lower price ranged it as a discount of about 8% to the closing price of Rs385.25. Stake sale by promoters is negative for the company.

Indiabulls Housing Finance to raise fund via debentures
Indiabulls Housing Finance said that it will raise Rs50 crore through issue of debentures on private placement basis.
The company proposes to issue 500 Secured Non-Convertible Redeemable Debentures with a face value of Rs10 lakh each aggregating to Rs50 crores plus Greenshoe Option, on Private Placement basis.
The issue will open on May 23 and will also close on the same day.

Torrent Power Q4 consolidated net profit down 85% (YoY)
Torrent Power has announced the following Q4 & FY16  results for the quarter & year ended March 31, 2016
Standalone
For the Quarter ended March 31, 2016 (Unaudited)
The Company has posted a net profit of Rs17.06 crore Vs Rs369.43 crore.
Total Income is Rs2513.70 crore Vs Rs2694.63 crore.

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Wednesday, 18 May 2016

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TOP CORPORATE NEWS- 18 May 2016

Nifty Futures Tips
Tata Comm surges on plans to divest 75% stake in ST Telemedia
Shares of Tata Communication surged around 6% to Rs 456 on NSE in an otherwise weak markets on back of plans to divest 75% of its stake in its data business to Singapore Technologies Telemedia (ST Telemedia), and the proceeds from the deal would be used to deleverage the balance sheet.This is positive read through for Tata Communication.

Ashok Leyland gets patent for light weight composite articles
Ashok Leyland gets patent for light weight composite articles for auto industry.Ashok Leyland Ltd has received patent for an invention related to lightweight composite articles suitable for making structures for use in automobile industry, aerospace industry and for domestic panels.

The invention relates to light weight composite article which consists of at least two layers of adhesively bonded light weight fibres which may be filaments selected from jute, cotton, coir and the like.

SBI plans to merge five subsidiary banks with itself
SBI is looking to merge five subsidiary banks with itself – Positive read through, though integration and higher employees cost remain a challenge.SBI has passed a resolution to seek Govt. approval to merge five subsidiary banks and the still born Bharat Mahila Bank with itself.The benefits to the move will see the Consol balance sheet size increase by 32%, see better reach with (possible) branch re-alignment and rationalization as well as shoring up of Capital for the parent.

JSW Steel Q4 beats estimates
JSW Steel Ltd has announced the following results for the quarter & year ended March 31, 2016:
Standalone
For the Quarter ended March 31, 2016
The Company has posted a net profit of Rs372.19 crore Vs Rs188.73 crore.Total Income decreased to Rs9560.51 crore Vs Rs11143.46 crore.

Indusind Bank inks MoU with Honda Motorcycle & Scooter
Private-sector lender, Indusind Bank said that it has inked a Memorandum of Understanding (MoU) with Honda Motorcycle & Scooter India whereby the bank will be offering retail finance at an attractive rate of interest to customers on all Honda 2-wheeler models.With this MoU coming into effect from May 18, 2016, Honda’s customers can not only buy a Honda two- wheeler at an attractive rate of interest, but can reap benefits up to Rs7,500 through this retail finance scheme.

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Tuesday, 17 May 2016

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Axis Bank allots 2,23,985 equity shares

Nifty Futures Tips
Axis Bank allots 2,23,985 equity shares
Private-sector lender, Axis Bank said that it has allotted 2, 23,985 equity shares pursuant to exercise of options under its ESOP Scheme. The Bank has allotted 2, 23,985 equity shares of Rs2 each on May 16, 2016, pursuant to exercise of options under its ESOP Scheme. Consequent to the allotment, the paid up share capital of the Bank will increase from Rs477,09,27,186 (238,54,63,593 equity shares of Rs2 each) to Rs477,13,75,156 (238,56,87,578 equity shares of Rs2 each).  Shares of the Bank were trading at Rs503.40 apiece, up 3.49% from the previous close on BSE.

Voltas Q4 consolidated net profit up 49% (YoY)
M&M Voltas Ltd has announced the following results for the quarter & year ended March 31, 2016:For the Quarter ended March 31, 2016. Net Profit surged by 55.90% to Rs137.84 crore Vs Rs88.41 crore (YoY). Total Income increased by 6.23% to Rs1633.75 crore Vs Rs1537.93 crore (YoY).For the Year ended March 31, 2016 Net profit rose by 1.11% to Rs332.89 crore Vs Rs329.23 crore. Total Income increased by 0.64% to Rs5352.57 crore Vs Rs5318.06 crore.

Sun TV rallies as exit polls suggest DMK-Congress set to win
Shares of Sun TV gained 10% to Rs432 on NSE on the back of Recent exit poll results, the DMK-Congress coalition is set to win 120 seats of a possible 234 seats, according to the poll of polls - an aggregate of exit polls aired on different channels after voting ended for state elections. Chief Minister Jayalalithaa could end up with 103 seats, sentimentally positive for Sun TV.

Motherson Sumi Q4 consolidated net profit up 22%
Motherson Sumi Systems Ltd has announced the following results for the quarter & year ended March 31, 2016: For the Quarter ended March 31, 2016 (Unaudited) Net Profit rose by 61.11% to Rs235.45 crore Vs Rs146.14 (YoY). Total Income increased by 15.90% to Rs1488.98 crore Vs Rs1284.61 (YoY).For the Year ended March 31, 2016 (Audited) Net Profit rose by 38.25% to Rs711.85 crore Vs Rs514.88 crore.

Bharat Forge Q4FY2016 results: Below estimates
Bharat Forge Q4FY2016 results: Below estimates given the continued weakness in export markets and adverse product mix. Bharat Forge Ltd has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:For the Quarter ended March 31, 2016 Net Profit fell by 19.02% to Rs164.52 crore Vs Rs203.18 crore. Total Income decreased by 17.15% to Rs1030.51 crore Vs Rs1243.92 crore.

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