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

                                             

Wednesday, 1 June 2016

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TOP CORPORATE NEWS - 1 June 2016

Nifty Tips

Petrol price up Rs2.58, Diesel hiked by Rs2.26 per litre
HPCL, BPCL, and IOC: Petrol price was hiked by Rs2.58 a litre and diesel by Rs2.26 per litre, the second increase in rates this month.
Petrol will cost Rs 65.60 per litre in DELHI after the increase while diesel will cost Rs53.93/litre.

RBI allows Axis Bank raise foreign shareholding to up to 62%
Reserve Bank of India (RBI) has allowed Axis Bank to raise foreign shareholding to up to 62%, from the earlier limit of 49%, as per reports.

Foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can now invest from the existing 49% up to 62% of the paid-up capital of Axis Bank under the Portfolio Investment Scheme (PIS), RBI said in a notification.

Strong Q4 FY16 GDP growth of 7.9%
The Q4 GDP growth were also strong at 7.9% with Farm sector up 2.3% against (-1%) qoq while the GVA was at 7.2%.
The Q2 FY16 GDP nos have been revised to 7.5% from 7.6% and Q3 FY16 GDP nos have been revised to 7.2% from 7.3%.
Manufacturing grew 9.3% while Construction grew by 4.5%.

Zydus gets USFDA nod for Amantadine Capsules
Leading pharma company, Zydus Cadila has said that it has received the final approval from the USFDA to market Amantadine Hydrochloride Capsules USP, 100 mg.
The estimated sale for Amantadine Hydrochloride Capsules USP as per IMS (MAT April 2016) is $ 40.1 million. The drug which is used in the treatment of Parkinson's disease and select viral infections will be produced at the group's formulations manufacturing facility at the Pharma SEZ in Ahmedabad.

Eicher Motors May 2016: 2 wheelers Sales Volumes grow by 37.5%
Eicher Motors: May 2016 2 wheelers Sales Volumes grow by 37.5%: In line with estimates.
Eicher Motors 2 wheelers division (Royal Enfield) sales volumes for the month of May 2016 were up 37.5% YoY. The numbers were broadly in line with our estimates.
The strong demand for cruiser bikes, a segment where the company is a market leader has resulted in a strong monthly volumes.

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Monday, 16 May 2016

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TOP CORPORATE NEWS- 16 May 2016

April WPI Positive after 17 months of decline
India’s wholesale prices was in positive after 17 consecutive months of shrinking, with the Wholesale Price Index (WPI)-based inflation rising at 0.34% in April as compared to -0.85% in the previous month of March. April WPI Inflation at 0.34% Vs -0.85% (MoM) Primary Articles Inflation at 2.34% Vs 2.13% (MoM) Food Articles Inflation at 4.23% Vs 3.73% (MoM) Vegetable Inflation at 2.21% Vs -2.26% (MoM) Pulses Inflation at 36.36% Vs 34.45% (MoM) Cereals Inflation at 2.64% Vs 2.47% (MoM) Fruits Inflation at -2.38% Vs -2.13% (MoM) Egg, Meat & Fish Inflation at 3.34% Vs 3.69% (MoM) Fuel Inflation at -4.83% Vs -8.3% (MoM) Manufactured Products Inflation at 0.71% Vs -0.13% (MoM) Primary Articles Index up 2.1% (MoM) Food Articles Index up 2% (MoM) Non-food Articles Index up 3% (MoM) All Commodities Index up 1.4% (MoM) Minerals Group Index up 0.6% (MoM) Fuel & Power Index up 1.7% (MoM). Manufactured Products Index up 0.8% (MoM). Food Products Index up 3.2% (MoM). Food Articles Inflation at 4.23% Vs 3.73% (MoM). Feb WPI Inflation Revised to -0.85% from -0.91%.

M&M enters Liquid Milk business in MP
M&M recently launched 'Saboro' brand liquid milk ouches in Madhya Pradesh to mark its entry in the sector. The company has a plan to expand its milk business and other dairy products on to other parts of the country as well, but in a phased manner. The road ahead would hinge on creating a large sourcing base and providing extraordinary quality. Currently the operations are based at Indore and in the coming years will expand to other locations. Further the management has mentioned that investments will depend on the arising opportunity and decisions will be taken on case to case..

Zee learn rallies post Q4FY16 results
Zee learn surged 19% to Rs33.05 on NSE after hitting an upper circuit, Of Rs33.50 post Q4FY16 results. Zee learn reported revenue growth of 18% YoY at Rs151.3 crore compared to Rs127.8 crore in Q3FY15. OPM for the quarter increased to 29% from 24% in Q3FY15. For Q4FY16

Strides Shasun Q4 consolidated net profit at Rs96 cr
Strides Shasun Ltd has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:
For the Quarter ended March 31, 2016 (YoY). The Company has posted a net profit of Rs59.63 crore Vs Rs69.66 crore. Total Income at Rs680.95 crore Vs Rs290.11 crore .For the Year ended March 31, 2016 The Company has posted a net profit of Rs161.06 crore VS Rs532.32 crore. Total Income is Rs2345.22 crore Vs Rs1029.59 crore.

Reliance Defence reports Rs102 cr net profit in Q4
Reliance Defence and Engineering Ltd has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:The Company has posted a net profit of Rs102.44 crore Vs net loss of Rs158.28 crore (YoY). Total Income increased to Rs115.31 crore Vs Rs56.15 crore. For the Year ended March 31, 2016 (Audited).

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Friday, 13 May 2016

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TOP CORPORATE NEWS- 13 May 2016

Nifty Tips
March IIP growth slows at 0.1%; April CPI Inflation spurs to 5.39%
March IIP growth slows at 0.1%; April CPI Inflation spurs to 5.39%
Manufacturing Sector Output At -1.2% Vs 0.7% (MoM)
Mining Sector Output At -0.1% Vs 5% (MoM)
Electricity Sector Output At 11.3% Vs 9.6% (MoM)
Basic Goods Output At 4% Vs 5.4% (MoM)
Capital Goods Output At -15.4% Vs -9.8% (MoM)
Intermediate Goods Output At 3.7% Vs 5.7% (MoM)
Consumer Goods Output At 0.4% Vs 0.8% (MoM)
Consumer Durables Output At 8.7% Vs 9.7% (MoM)
Consumer Non-durables Output At -4.4% Vs -4.2% (MoM)

April CPI Inflation At 5.39% Vs 4.83% (MoM)
Food Inflation At 6.32% Vs 5.21% (MoM)
Rural Inflation At 6.09% Vs 5.7% (MoM)
Urban Inflation At 4.68% Vs 3.95% (MoM)
Vegetable Price Inflation At 4.82% Vs 0.54% (MoM)
Combined Fuel & Light Inflation At 3.03% Vs 3.38% (MoM)
Clothing, Footwear Inflation At 5.56% Vs 5.50% (MoM)
Cereals & Products Inflation At 2.43% Vs 2.43% (MoM)
Milk & Products Inflation At 3.32% Vs 3.33% (MoM)
Pulses & Products Price Inflation At 34.13% Vs 34.15% (MoM)
Urban Consumer Housing Inflation At 5.37% Vs 5.31% (MoM)

Glenmark Pharma Q4 net profit at Rs508 cr (YoY)
Glenmark Pharmaceuticals 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 of Rs507.75 crore Vs Rs670.43 crore.
Total Income decreased to Rs1972.67 crore Vs Rs3157.79 crore.

Eicher Motors slumps as promoters sell 11.4 lakh shares
Shares of Eicher Motors dropped 4% to Rs18979 on NSE on reports that the promoters have sold 11.4 lakh shares representing 4.3% of the total share capital and 7.6% of their shareholding in the company.
The stake sale is for the amount of Rs 2,160 cr. Negative for the company.

Crompton Greaves slumps 5% on demerger
Shares of Crompton Greaves dropped 5% to Rs60.30 on NSE post the listing of de-merged consumer durable entity, Crompton Greaves Consumer Electricals today.

UCO Bank Q4 net loss at Rs1715 crore
UCO Bank has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:
For the Quarter ended March 31, 2016
The Bank has posted a net loss of Rs1715.16 crore Vs net profit of Rs209.28 crore.
Total Income decreased by 9.83% to Rs4745.48 crore Vs Rs5263.36 crore.

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Friday, 6 May 2016

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TOP CORPORATE NEWS- 6 May 2016

Nifty Tips

Havells expects revenue of around Rs100 Cr by 2020
Havells entered a new product lines automation & smart solutions business.
The management expects of revenue of around Rs100 Cr from the automation & control by 2020.

Emami’s Dubai arm acquires 18.33% share in Fravin
Leading FMCG brand, Emami has said that its wholly owned subsidiary based in Dubai, Emami International FZE has further acquired 18.33% of the share Capital of its subsidiary Fravin Pty. Ltd, Australia.
Consequent to the above acquisition of shares, aggregate shareholding of Emami International FZE in its subsidiary company M/S. Fravin Pty Ltd has been increased from 66.67% to 85% share capital of Fravin Pty. Ltd.

Hero Motocorp Q4 profit in-line
Hero MotoCorp has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:
Standalone
For the Quarter ended March 31, 2016 (YoY)
The Company has posted a net profit of Rs814.16 crore Vs Rs476.53 crore.
Total Income increased to Rs7614.61 crore Vs Rs6886.75 crore.

Aurobindo receives USFDA approval for fenofibrate tablets
Aurobindo Pharma receives USFDA approval for fenofibrate tablets ( gTricor) – Positive for Aurobindo; Strong growth to sustain over next two years on the back of continuous product approvals being received.
Aurobindo has received final approval from the USFDA to manufacture and market Fenofibrate Tablets, used to treat high level of cholesterol and triglyceride in the blood. This product is expected to be launched in Q1 FY16-17.

Bharti Airtel plans for divestment of telecom towers
Bharti Airtel International (Netherlands) BV, and Helios Towers Africa (HTA), a leading independent telecoms towers company in Africa, announced an agreement for the divestment of approximately 950 telecoms towers in the Democratic Republic of Congo (DRC) from Bharti Airtel to HTA.

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Tuesday, 29 March 2016

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Lupin drops as Mandideep unit receives USFDA observations

Nifty Tips
Lupin drops as Mandideep unit receives USFDA observations
Lupin slipped over 13% to Rs1294.05, after reports suggested that it has received a Form 483 (observation letter) from US drug regulator, USFDA for its Mandideep manufacturing facility.

Lupin's active pharmaceutical ingredient ( API) and formulations units of Mandideep manufacturing facility in Madhya Pradesh have reportedly received two observations each after the facility was inspected by United States Food & Drug Administration ( USFDA) between February 08, to February 19, 2016.

Ashok Leyland sells 0.55% stake in Indusind Bank
Ashok Leyland has sold 0.55% stake in Indusind Bank for Rs300 crore. The proceeds are likely to be utilized to reduce debt.

The stock opened at Rs105.40 marking days low at Rs105.05 with an intraday high of Rs106.50 and is currently trading at Rs105.45 up by 0.67% on NSE so far.

LIC ups stake in IDBI Bank to 14.3%
IDBI Bank has allotted 15.8 crore equity shares, equivalent to 7.16% stake for Rs850 crore, on preferential basis to Life Insurance Corporation of India (LIC), which now holds over 14.3% stake in IDBI Bank.

The allotment of shares is part of IDBI Bank's plan to offload government shareholding as part of its privatization move.

Cadila receives USFDA nod to market Acyclovir tablets
Cadila receives nod from USFDA to market Acyclovir tablets (manufacturing at Ahmedabad SEZ), used in treatment of AIDS – Sentimentally positive.

Torrent Power signs contract with WTG group
Torrent Power has entered into a contract with a leading WTG manufacturing group for development of the 197.40 MW Wind Power Project across three sites in Kutch and Bhavnagar, Gujarat.

This Project is expected to be commissioned progressively by March 2017 and shall have off take arrangements for fulfilment of Renewable Power Purchase Obligations (RPO).

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Friday, 18 March 2016

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TOP CORPORATE NEWS- 18 Mar 2016

Nifty Tips
HUL signs agreement with LT Foods for sale of rice exports business
Hindustan Unilever has signed an agreement with LT Foods for sale of its rice exports business for a consideration of Rs25 crore as it looks to exit non-core businesses.The brands registered a turnover of Rs51 crore as per audited financials for the year 2014-15. Positive for LT foods, Neutral for HUL.

ONGC, Rosneft enter into preliminary agreement
ONGC and Rosneft, Russia have entered into preliminary agreement to supply long term crude oil & feedstock to ONGC’s refining are MRPL.This will ensure a long term crude oil supply for MRPL and thus it will not have to purchase at the volatile market prices. – Positive read thru for MRPL.

Lupin hits 52-week low as CLSA downgrade
Shares of Lupin dipped over 7%, touching to Rs1535, after CLSA downgraded the stock to underperform from buy and slashed target price to Rs1, 800 from Rs2, 162 earlier as it does not see near-term catalyst. It expects the stock to remain range bound until clarity emerges on the Goa observations. Out of nine USFDA (US Food and Drug Administration) observations in Form 483 on Lupin’s Goa plant, two are repeat from the July 2015 inspection (Observation No 2 and 4) while two are worrying (No 1 and 4), feels the brokerage.

Glenmark gets USFDA nod for Lacosamide Oral Solution
Glenmark has been granted tentative approval by the USFDA for its Lacosamide Oral Solution, i.e. gVimpat of UCB, Inc.Glenmark will market this product upon receiving final approval and the patent is scheduled to expire on March 17, 2022. Glenmark’s current portfolio consists of 108 products authorized for distribution in the US. marketplace and 61 ANDA’s pending approval with the USFDA.

Tata Motors gets a new MD; to focus on reviving operations
Guenter Butschek the new chief executive and managing director of Tata Motors is set to initiate some crucial operational changes, overhaul the brand positioning and spruce up manufacturing processes to make the company more agile and future ready.

‘Butschek, 55, who took over the reins a month ago, said that his focus will be to make the company leaner and more flexible, which will help in responding to market changes faster than it has historically.

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Wednesday, 24 February 2016

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The market seems to be in a sluggish mode - 24 Feb 2016

Nifty Tips

The market seems to be in a sluggish mode ahead of February Future and Options (F&O) series expiry and Rail Budget tomorrow. The Sensex is down 127.39 points or 0.5 percent at 23282.79, and the Nifty slips 34.30 points or 0.5 percent at 7075.25. About 865 shares have advanced, 1480 shares declined, and 153 shares are unchanged.

Infosys, Axis Bank, SBI, Bharti Airtel and Maruti are top gainers while NTPC, Tata Motors, BHEL, HDFC and Bajaj Auto are losers in the Sensex.

Market sentiment is fragile on concerns related to developed market growth, widening credit spread and muted domestic corporate earnings, says Nirmal Jain, Chairman of IIFL.

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