Wednesday, July 29, 2015

   

Trust in future! Sensex, Nifty search for options to rise

When you really trust someone, you have to be okay with not understanding some things. - Gordon Atkinson

The temporary weak trend notwithstanding, investors are searching for options to take a long call. The Indian rupee pared losses against the greenback. The market remains disappointed by the deadlock in both houses of parliament as the opposition continues to thwart any meaningful discussion on important reforms like land acquisition bill and Goods and Services Tax Bill.

After ending lower again on Tuesday, the outlook is a flat start. The Nifty will look at remaining above 8300 levels on the eve of F&O expiry. Investors will keep an eye on the US Federal Reserve policy meeting and strong indications are that Janet Yellen will reiterate her view of an interest rate hike this year. Market consensus calls for a hike of 25 basis points in September. Effectively, US dollar can move higher during this week, influenced by optimistic Fed policy statement. Results of companies like Godrej Consumer Products, Yes Bank and JSW Steel results will be in focus.

The Dow closed up 1.09% while S&P 500 rose 1.24% and Nasdaq added 0.98%. Asian shares are looking at recouping today on hopes that China will take steps to minimize the damage to the stock market without any measures which could hurt the economy.

Public sector banks could be in action after Jayant Sinha has said the govt is working on PSU banks' recapitalisation plan.

Biocon's research arm Syngene International's initial public offering was over-subscribed on the second day of the offer. The IPO received bids for 1,60,79,700 shares as against 1,60,00,000 shares on offer, resulting in a subscription of 1.01 (rpt) 1.01 times, according to NSE data. The qualified institutional buyers category was over-subscribed 1.22 times, while non-institutional investors portion saw 16% subscription.

Speaking at the company's annual general meeting (AGM), JSW Steel Chairman Sajjan Jindal reportedly said that the Indian steel industry faces constraints such as ease of doing business, land acquisition, environmental clearance and availability of finance at competitive prices.Jindal added that the unprecedented growth in steel imports in hurting the domestic industry.

Indian Economist Arvind Subramanian, incumbent Chief Economic Adviser (CEA) to the Government of India, has said that healthy exports will play a very important role in the growth of India. For that, India needs to have a competitive exchange rate, as well as upgradation in infrastructure sector.

CRISIL said 46,000 mw of power projects are facing viability issues due to lack of long-term buyers for electricity, inadequate fuel supply, and aggressive bidding to win projects and coal blocks.Of this, 36,000 mw are coal-based projects within which tariff under-recovery has impacted 20,000 mw of capacities, while the rest are reeling because of inadequate feedstock and poor electricity offtake by discoms. And 10,000 mw of gas-based projects have become unviable because of dwindling fuel supplies from the Krishna-Godavari basin.

Axis Bank has announced a rate cut of up to 0.25 percent on bulk deposit in three different maturities.The rate cut in deposits is applicable only on the bulk deposit of over Rs. 5 crore.

Adani Enterprises is planning to raise up to Rs. 6,000 crore through issuance of securities, says report.

Punjab National Bank zoomed 5.5% to Rs. 143 on the back of strong earnings growth on a sequential basis. The bank's Q1FY16 net profit soared by 135 percent to Rs. 720.71 crore when compared with Rs. 306.56 crore in Q4FY15. Total income was up 15.3 percent at Rs. 13,432 crore from Rs. 11,650 crore on quarter-on-quarter basis.

Power Finance Corporation (PFC) tumbled 3.5% to Rs. 245 a day after its OFS (Offer For Sale) received a strong response and was over-subscribed by 1.8-times.

Glenmark Pharmaceuticals slumped over 4% to Rs. 993 following media reports that a US Court has ruled against Glenmark's proposed generic version of Bayer AG's Finacea, a gel for treating the common skin condition rosacea, stating that it infringes the latter's patent.

Ceat rallied 3.7% to Rs. 819 after around 1.42 million equity shares changed hands in a huge block deal on the BSE around Rs. 804 per share.

Just Dial jumped to a high of Rs. 1,107 after the company's net profit surged by 18 percent to Rs. 33.17 crore in Q1FY16 from Rs. 28.11 crore in Q1FY15. Total income also jumped by 21.4 percent to Rs. 176 crore from Rs. 145 crore. The stock, however, shed 2.5 percent at Rs. 1,057.

Union Bank of India recovered from a low of Rs. 151, to end 2 percent higher at Rs. 157, after the bank posted a net profit of Rs. 518.78 crore for the quarter ended June 2015 when compared with Rs. 443.77 crore at the end of March 2015 quarter.

Torrent Pharmaceuticals surged to a high of Rs. 1,520 after reporting strong set of earnings for the quarter ended June, 2015. According to a release issued to the BSE, the pharma company's consolidated net profit jumped by 75.4 percent to Rs. 449 crore in Q1FY16 from Rs. 256 crore in a year ago period. The stock, however, ended flat at Rs. 1,400.

Jagaran Prakashan soared to a high of Rs. 147 on reporting over three-fold jump in Q1 net profit on year-on-year basis. The company booked consolidated net profit of Rs. 180 crore for the quarter ended June, 2015, as against Rs. 55.13 crore in corresponding quarter a year ago. The stock eventually ended unchanged at Rs. 134.

KEC International jumped 1.5 percent to Rs. 152 on reporting 2.7-times jump in Q1 net profit on year-on-year basis. The company posted consolidated net profit of Rs. 30.39 crore in Q1FY16, when compared with Rs. 11.37 crore in Q1FY15.

Shares of Spicejet Ltd ended 6% higher to Rs. 26.60 after the company posted Q1 results.The airline reported a net profit of Rs 71.8 cr for Q1FY16, an improvement of Rs 195.9 cr relative to the net loss of Rs 124.1 cr for the same quarter last year. On a revenue base of Rs 1,106.3 cr for the quarter, this translates to a net margin of 6.5%. On an EBITDA basis, SpiceJet reported positive Rs 126.7cr at 11.5% EBIDTA margin, against negative Rs 43.1 cr the previous year.

Results: Yes Bank, Essar Oil, Vedanta, Advanta, Allahabad Bank, Dabur India, Blue Dart Express, Castrol India, Nestle IndiaAvantel, JSW Steel, Godrej Consumer Products, Coral Laboratories,Excel Corp Care, HEG Ltd, Hikal, IIFL Holdings, Lakshmi Mills Company, Mphasis, Navin Fluorine International, NHPC, Nirlon, UPL, VHCL Industries, Wabco India, Zydus Wellness

Global Data: Consumer Confidence (Jul) EUR, Business Confidence (Jul) EUR, Gross Domestic Product (QoQ) (Q2)Preliminar GBP, Gross Domestic Product (YoY) (Q2)Preliminar GBP, Index of Services (3M/3M) (May) GBP, Raw Material Price Index (Jun) CAD, Industrial Product Price (MoM) (Jun) CAD, Redbook index (MoM) (Jul 24) USD, Redbook index (YoY) (Jul 24) USD, S&P/Case-Shiller Home Price Indices (YoY) (May) USD, Markit Services PMI (Jul)Preliminar USD, Markit PMI Composite (Jul) USD, Richmond Fed Manufacturing Index (Jul) USD, Consumer Confidence (Jul) USD, 4-Week Bill Auction USD, 2-Year Note Auction USD, Retail Trade s.a (MoM) (Jun) JPY, Retail Trade (YoY) (Jun) JPY, Large Retailer's Sales (Jun) JPY

Trends in FII flows: The FIIs were net sellers of Rs. 13.75 bn in the cash segment on Tuesday. The domestic institutional investors (DIIs) were net buyers of Rs. 6.65 bn as per the provisional figures released by the NSE.

In other news in the media:

Qatar Airways said it is in talks with IndiGo to buy stakes in the airlines. It denied news reports that it is holding discussions for a "commercial stake" or engage in a "partnership" with SpiceJet. (BS)

An unprecedented surge in imports is hurting and causing harm to the domestic steel industry, said Sajjan Jindal, chairman and managing director, JSW Steel. (BS)

Coming down hard on carmakers found to be restricting sale of spare parts in open market, CCI imposed a penalty of Rs4.20bn on Hyundai Motor India and asked two others, Reva and Premier to 'cease and desist' from anti-competitive practices. (BS)

The Intellectual Property Appellate Board has allowed a petition of Hindustan Unilever Ltd for early hearing and asked the registry to number a counter appeal filed by Kerala-based Thahir Group, in a dispute related to the latter's trade mark 'Sun Plus'. (BL)

PVR Ltd will be installing Dolby Atmos in 50 of its cinema screens across the country over the next two years. When completed, this will be one of the largest rollouts of Dolby Atmos screens by any multiplex chain in India. (BS)

Mahindra Holidays & Resorts India Ltd will add 700 units in the next 2-3 years. It would cost around Rs5.25bn for the proposed expansion. (BL)

An overseas wholly-owned subsidiary of Hero Motocorp will acquire ownership of certain tangible and intangible assets of Erik Buell Racing for a consideration of US$2.8m. (BL)

Adani Enterprises said it plans to raise up to Rs60bn through issuance of securities to sustain rapid business growth. (ET)

R P P Infra Projects Ltd has bagged two orders worth Rs728m from Chennai Corporation. The project is funded by World Bank for Construction of Integrated Storm Water Drain in Coovum watershed. (ET)

The Maharashtra government is working on a proposal to offer equity to NTPC in its power generation company MahaGenco. (BS)

Glenmark Pharmaceuticals' proposed generic version of Bayer AG's Finacea, a gel for treating the common skin condition rosacea, infringes Bayer's patent, a US court ruled. (ET)

Saddled with bad loans, PNB said it has reported to RBI 400 'wilful defaulters', and plans to sell Non Performing Assets worth up to Rs30bn to ARCs in the current fiscal. (ET)

Power projects with a collective capacity of 46,000 MW are facing viability issues due to lack of long term energy buyers, inadequate fuel supply, and aggressive bidding to win projects and coal blocks, Crisil ratings said. (BS)

Indian banks will continue to reel under the impact of bad loans in the current financial year, although new NPAs may decline, says a Moody's report. (BL)

In its third bi-monthly monetary policy review to be announced next month, RBI is likely to announce liquidity tightening steps like longer tenure term reverse repos, which are used to suck out liquidity from the system. (BS)

Manila-headquartered Asian Development Bank inked US$300m loan pact with the government to support the National Urban Health Mission. (ET)

Results Table
Rs m

Revenues

YoY %

PAT

YoY%

Blue Star

9086

8.5

390

25.9

Bank of India

29127

8.4

1297

(83.9)

Dish TV

7367

19.2

542

NA

GSFC

10845

(12.8)

1009

(6.8)

HDFC

20933

2.2

13610

1.2

Maruti Suzuki

134249

18.1

11929

56.5

PI Inds

5548

17.7

873

21.7

Pidilite

14695

9.4

2255

33.8

PNB

41025

(6.3)

7207

(48.7)

Shriram City Union

9129

7.8

1477

15.6

Thermax

10012

19.3

617

49.0

Union Bank

21301

0.6

5187

(21.9)

 

Tuesday’s twist and turn! Sensex, Nifty settle lower yet again

Local equity market after dilly-dallying between green and red in an extremely choppy session of trade, settled in favour of latter with losses of around three tenth of a percent that dragged Sensex and Nifty below crucial 27,500 and 8350 levels respectively. Today’s trading session was simply an extension of previous one, wherein market clocked its biggest drop in nearly eight weeks, reacting to a global sell-off across assets and fears of greater scrutiny of investors who choose the participatory note (P-note) route.

Absence of positive triggers and adjustments related to F&O expiry on Thursday took a toll on sentiment. Besides, weak global cues also added to negative mood. However, upbeat earnings from likes of Maruti Suzuki, Union Bank, Punjab National Bank pared the losses to some extent.

On the global front, Asian markets closed mostly lower, with an exception being Hang Seng Index, which managed to clinch gains of over 0.50% on Tuesday. Massive sell off in China’s index mainly spilled pessimism across the region. Shanghai Composite ended with cut of around 1.50% after People's Bank of China insisted that the country's main economic indicators were steadily improving. In an attempt to soothe the frayed nerves, China reassured that it will implement prudent monetary policy to stabilize markets. The country's central bank said it would inject 50bn yuan into the money markets. Meanwhile, European shares, which fell for five sessions, bounced back on Tuesday, lifted by strong company results and news of acquisitions.

Closer home, most of the sectoral indices on BSE ended in negative territory with major losses being suffered by stocks of Realty, Healthcare and Metal. On the positive side, stocks from Capital Goods, Banking and Power counters were the top gainers of the session.

Auto stocks too ran out on fuel after Maruti Suzuki reported Q1 numbers. Commenting on Maruti's quarterly results, Amar Ambani, Head of Research, IIFL said, "Maruti reported a tad lower than estimated performance in Q1 FY16. OPM were at 16.3% which is possibly its best ever performance. Maruti, with new model launches, deep rural penetration, favourable currency movements, expected domestic economic recover and increasing localization is well set to deliver an industry beating profitability growth in the next couple of years. Hence, it continues to be our top pick in the automobile space."

The BSE Sensex opened 70-odd points higher at 27,630, and touched a high of 27,677 in mid-morning deals amid volatility. The BSE index, thereafter, swung between zones as the day progressed and hit a low of 27,416 - down 260 points from the day's high - in mid-noon trades.

The Sensex finally ended with a loss of 102 points at 27,459. In the process, the BSE index has now shed around 1,050 points in the last four trading sessions.

The NSE Nifty gyrated in a range of 75 points. The index hit a high of 8,397, and a low of 8,322, before settling 24 points lower at 8,337.

The India VIX (Volatility) index declined 2.8 percent to 15.915. Elsewhere in Asia, the China's Shanghai Composite index plunged another 1.7 percent to 3,663. The Nikkei was down mere 0.1 percent at 20,329, and the Hang Seng added 0.6 percent to 24,504.

Markets in Europe bounced back following yesterday huge sell-off. As of 1600 hrs, the FTSE 100 was up 0.9 percent at 6,563. The DAX and the CAC 40 rallied around 1.5 percent each to 11,221 and 4,992, respectively.

Back home, the broader market also finished with minor losses. The CNX Nifty Junior index was down 0.3 percent at 20,326. The Midcap and the Smallcap indices declined around 0.5 percent each at 13,350 and 5,517, respectively.

Among sectors - the Bank Nifty added 0.4 percent to 18,283. On the flip side, the Pharma index plunged over a percent to 11,917. The Auto, Metal and IT indices were down 0.5 percent each at 8,260, 2,093 and 11,306, respectively.

Punjab National Bank zoomed 5.5 percent to Rs. 143 on the back of strong earnings growth on a sequential basis. The bank's Q1FY16 net profit soared by 135 percent to Rs. 720.71 crore when compared with Rs. 306.56 crore in Q4FY15. Total income was up 15.3 percent at Rs. 13,432 crore from Rs. 11,650 crore on quarter-on-quarter basis.

BHEL surged 2.5 percent to Rs. 279. NTPC and Kotak Bank rallied 2.3 percent each to Rs. 137 and Rs. 731, respectively.

Yes Bank and Bank of Baroda advanced over 1.5 percent each to Rs. 798 and Rs. 155, respectively.

HDFC Bank, IndusInd Bank, Larsen & Toubro and Axis Bank were up around a percent each at Rs. 1,109, Rs. 949, Rs. 1,762 and Rs. 561, respectively.

Maruti Suzuki witnessed high amount of volatility after the four-wheeler major announced its results. According to a release issued by the company to the BSE, the company's Q1FY16 net profit has soared by 56.5 percent to Rs. 1,193 crore when compared with Rs. 762 crore in Q1FY15. Total income also grew by 16.5 percent to Rs. 13,597 crore from Rs. 11,666 crore. The stock touched a high of Rs. 4,242 and a low of Rs. 4,152 before settling 0.5 percent higher at Rs. 4,200.

On the other hand, NMDC plunged nearly 5 percent to Rs. 105. Hero MotoCorp and Asian Paints tumbled around 3 percent each to Rs. 2,525 and Rs. 828, respectively.

HDFC and Dr.Reddy's slumped 2.5 percent each at Rs. 1,300 and Rs. 3,758, respectively.

ICICI Bank and Tata Motors declined 2 percent each to Rs. 285 and Rs. 370, respectively.

Ambuja Cements, Idea Cellular and Bharti Airtel shed 1.7 percent each at Rs. 230, Rs. 169 and Rs. 411, respectively.

Cairn India, Bajaj Auto and HCL Technologies also ended with losses in excess of a percent each at Rs. 166, Rs. 2,478 and Rs. 926, respectively.

Among other stocks - Power Finance Corporation (PFC) tumbled 3.5 percent to Rs. 245 a day after its OFS (Offer For Sale) received a strong response and was over-subscribed by 1.8-times.

Glenmark Pharmaceuticals slumped over 4 percent to Rs. 993 following media reports that a US Court has ruled against Glenmark's proposed generic version of Bayer AG's Finacea, a gel for treating the common skin condition rosacea, stating that it infringes the latter's patent.

Ceat rallied 3.7 percent to Rs. 819 after around 1.42 million equity shares changed hands in a huge block deal on the BSE around Rs. 804 per share.

Just Dial jumped to a high of Rs. 1,107 after the company's net profit surged by 18 percent to Rs. 33.17 crore in Q1FY16 from Rs. 28.11 crore in Q1FY15. Total income also jumped by 21.4 percent to Rs. 176 crore from Rs. 145 crore. The stock, however, shed 2.5 percent at Rs. 1,057.

Union Bank of India recovered from a low of Rs. 151, to end 2 percent higher at Rs. 157, after the bank posted a net profit of Rs. 518.78 crore for the quarter ended June 2015 when compared with Rs. 443.77 crore at the end of March 2015 quarter.

Torrent Pharmaceuticals surged to a high of Rs. 1,520 after reporting strong set of earnings for the quarter ended June, 2015. According to a release issued to the BSE, the pharma company's consolidated net profit jumped by 75.4 percent to Rs. 449 crore in Q1FY16 from Rs. 256 crore in a year ago period. The stock, however, ended flat at Rs. 1,400.

Jagaran Prakashan soared to a high of Rs. 147 on reporting over three-fold jump in Q1 net profit on year-on-year basis. The company booked consolidated net profit of Rs. 180 crore for the quarter ended June, 2015, as against Rs. 55.13 crore in corresponding quarter a year ago. The stock eventually ended unchanged at Rs. 134.

KEC International jumped 1.5 percent to Rs. 152 on reporting 2.7-times jump in Q1 net profit on year-on-year basis. The company posted consolidated net profit of Rs. 30.39 crore in Q1FY16, when compared with Rs. 11.37 crore in Q1FY15.

Jindal Saw rallied 2.7 percent to Rs. 80.60 on the back of strong Q1 performance. Jindal Saw reported nearly 90 percent surge in Q1FY16 net profit at Rs. 104.22 crore when compared with Rs. 54.90 crore in the corresponding quarter a year ago.

TEN MOST ACTIVE FUTURES
Expiry Date:
30-July-2015
TEN MOST ACTIVE OPTIONS
Expiry Date:
30-July-2015

Symbol

No.of Cont Traded

Last price

Open Interest

% chg in Op.Int

HDFCBANK

49,430

1,108.95

11,445,250

-37.94

RELIANCE

44,005

1,011.15

13,062,750

-32.45

SBIN

39,417

259.80

32,241,000

-31.07

MARUTI

34,600

4,203.15

1,491,875

-25.55

ICICIBANK

32,859

285.85

28,106,000

-16.19

TATAMOTORS

32,150

371.15

20,874,500

-15.17

AXISBANK

29,699

562.45

14,181,000

-25.81

YESBANK

29,687

796.95

7,311,000

-24.65

INFY

28,479

1,065.00

8,690,250

-30.65

BANKINDIA

28,251

153.45

9,180,000

-11.68

Symbol

Option Type

Strike price

No.of Cont Traded

Open Interest

% chg in Op.In

MARUTI

CE

4,300

9,301

183,875

5.52

RELIANCE

CE

1,020

8,150

984,250

-1.60

MARUTI

PE

4,100

7,995

150,375

34.87

RELIANCE

CE

1,040

7,202

1,536,250

-17.94

RELIANCE

PE

1,000

6,212

797,250

-1.30

DISHTV

CE

120

6,202

4,092,000

11.68

MARUTI

CE

4,200

5,825

131,375

17.56

MARUTI

CE

4,250

5,382

111,625

22.66

MARUTI

PE

4,200

5,353

129,000

7.72

PNB

CE

140

5,035

1,526,000

51.39

SUPPORT & RESISTANCE LEVEL

July 2015 

COMPANY NAME

S3

S2

S1

CLOSING PRICE

R1

R2

R3

Sensex Index

27,287

27,329

27,373

27,459

27,545

27,589

27,631

Nifty Index

8,287

8,299

8,312

8,337

8,362

8,375

8,387

ABB Ltd

1,275

1,286

1,298

1,320

1,343

1,355

1,366

ACC

1,341

1,345

1,350

1,359

1,369

1,374

1,378

Ambuja Cements

224

226

227

231

234

235

237

Bajaj Holdings

1,385

1,392

1,399

1,413

1,427

1,434

1,441

BHEL

274

275

276

278

280

282

283

Bharti Airte

399

402

405

410

415

418

420

Cipla

662

664

667

671

675

677

679

Dabur India

288

290

291

294

297

298

300

GAIL India

348

349

350

352

354

355

356

Grasim Ind.

3,616

3,630

3,645

3,675

3,704

3,719

3,733

HCL Tech

904

908

913

923

932

937

942

HDFC Bank

1,094

1,097

1,101

1,107

1,114

1,118

1,121

Hero Honda

2,459

2,477

2,495

2,532

2,568

2,587

2,604

Hindalco

103

103

104

105

107

107

108

Hindustan Unilever

890

893

897

905

912

916

920

ICICI Bank

277

279

281

285

289

291

293

Infosys Tech

1,049

1,053

1,056

1,064

1,071

1,074

1,078

ITC Ltd

308

309

310

311

313

313

314

L&T

1,740

1,745

1,750

1,759

1,768

1,773

1,777

MTNL

18

19

19

19

20

20

20

M&M

1,295

1,300

1,305

1,315

1,326

1,331

1,336

Maruti Suzuki

4,135

4,150

4,165

4,196

4,226

4,241

4,256

Mahindra Satyam

516

518

519

522

525

527

529

National Alumin

35

35

35

36

36

36

36

ONGC

264

265

267

270

273

275

276

Oriental Bank

158

159

160

162

163

164

165

PNB

134

136

138

142

146

148

150

Ranbaxy Labs

806

809

813

821

829

833

837

Reliance Capital

367

368

370

373

376

378

379

Reliance Comm

64

64

65

66

67

67

68

Reliance Energy

383

385

387

390

394

396

398

Reliance Inds

999

1,002

1,005

1,010

1,015

1,018

1,021

R Power

41

42

42

42

43

43

43

Siemens India

1,368

1,372

1,376

1,383

1,391

1,394

1,398

SBI

256

257

258

259

261

262

263

TCS

2,484

2,488

2,493

2,502

2,510

2,515

2,519

Tata Motors

365

366

368

370

373

375

376

Tata Power

70

70

70

71

71

72

72

Tata Steel

246

246

247

249

251

252

253

Tata comm

467

468

470

473

476

478

479

Wipro

551

552

554

557

560

561

562

Wire And Wireless

35

35

35

36

36

36

36

Zee Entertainment

385

386

388

392

396

397

399

NOTE : S1, S2 and S3 are critical support levels while R1, R2 and R3 are resistance levels. Trading call depends on the price band



Leader Speak


Peter Bains, Chief Executive Officer, Syngene International Ltd
"The price band for the offer has been fixed between Rs. 240 and Rs. 250 per equity share of Rs 10 each."...More

Romesh Sobti, Managing Director, IndusInd Bank
"We are happy to report stable quarter with sustained Net Profit growth of 25 % for the Q1 FY16."...More

Sunil Singhania, CIO, Reliance Mutual Fund
India’s GDP at $4 trn in a few years is all that matters to long-term investors. For others there is monsoon, Greece, interest rates, etc to worry about. Keep the faith!...More

N Chandrasekaran, Chief Executive Officer, Tata Consultancy Services Ltd
Given the strong pipeline and market adoption of digital across industries, we are investing to train over 100,000 professionals this year in all relevant technologies...More

Mohit Goel, CEO, Omaxe Ltd
"The total area under development stands at 74 million sq. ft. spread across 27 cities and 8 States like UP, MP, Haryana, Rajasthan, Himachal Pradesh, Delhi, Uttarakhand and Punjab."...More

Ajay Tyagi, EVP and Fund Manager, UTI Mutual Fund
"RBI might take a pause and wait for the Fed rate hike as well as watch the inflation for a few more months before the next round of interest rate cuts."...More

Rajesh Doraiswamy, Joint MD and CFO, Salzer Electronics
"My bigger worry is what is the kind of growth that we will have for FY18. Till FY17, we have good visibility and will be able to achieve a growth rate of 25%."...More

Sandeep Aggarwal, Chief Financial Officer, Insecticides (India) Limited
Speaking with Anil Mascarenhas and Yash Ved of IIFL, Sandeep Aggarwal says, "We are hoping for Rs. 15-20 crore sales to come from exports this year."...More

MK Dhanuka, Managing Director, Dhanuka Agritech
"We may see 10% growth if Monsoon is Deficient. If monsoon is better, we can expect growth upto 30% in FY16."...More

Hari Prakash Pandey, Senior VP- Corporate Finance and Investor Relations, HDIL
"Around 2 million sq. ft TDR generation is expected during the current financial year."...More

Shrirang Bapat, President & Head, Business Operations for APAC region, Uniken
"Uniken received a funding of Rs. 30 crore to fuel growth & expansion into global markets, from Nexus Venture Partners."...More

Virendra D. Mhaiskar, CMD, IRB Infrastructure
"We will continue to focus on BOT infrastructure projects in the road and highways sector."...More

Omkar Herlekar, Whole time Director, Omkar Speciality Chemicals Ltd
"We are certainly open for a suitable acquisition, particularly in Formulation space. We have already spent around Rs. 400 crs on capex for enhancing of capacities."...More

Read More Leader Speak...

Currency Movement

July 28,
2015
July 27,
2015
% chg
Rupee to Dollar

63.92

64.17

0.40

Rupee to Euro

70.50

71.15

0.91

Commodities Movement

July 28,
2015
July 27,
2015
% chg
Gold std. (Rs/10gm)

24,800

24,951

0.61

Silver (Rs/kg)

33,575

33,739

0.49

Crude Oil ($ per barrel)

47.16

47.39

0.49

Global Indicators

Index
July 28,
2015
July 27,
2014
% chg
Sensex

27,459.23

27,561.38

0.37

Nifty

8,337.00

8,361.00

0.29

Dow Jones

17,630.27

17,440.59

1.09

Nasdaq

5,089.21

5,039.78

0.98

Stock in Momentum

Top Gaining Companies (BSE-200)

%

Aditya Birla Nuvo

6.23

PNB

4.95

Emami

3.56

Apollo Tyres

2.88

Ashok Leyland

2.72

Top Losing Companies (BSE-200)

%

Syndicate Bank

9.03

JSW Energy

6.80

Info Edge

6.52

Sun TV Network

6.16

Jaiprakash Associates

6.02

Daily Market Watch
Positive Breakouts (BSE-200)
Company
Last
Price
Mov
Avg
10d
% chg
Mov Avg 20d
Emami

1,215

1,167

4.13

1,179

Britannia Industies

2,973

2,869

3.65

2,829

LIC Housing Fin

493

476

3.60

463

Apollo Tyres

197

191

3.12

183

Oracle Financial

3,925

3,855

1.81

3,854

Indraprastha Gas

464

458

1.14

451

InduSind Bank

950

940

1.05

916

Bajaj Finserv

1,731

1,721

0.55

1,700

M&M

1,315

1,309

0.50

1,299

IOC

446

445

0.22

430

Negative Breakouts (BSE-200)
Company Last
Price
Mov
Avg
10d
% chg Mov Avg 20d
Motherson Sumi

333

348

4.38

346

Torrent Power

140

146

4.25

144

Jammu & Kashmir Bank

102

106

4.16

104

Aurobindo Pharma

724

752

3.66

738

Jain Irrigation

72

75

3.39

73

Central Bank of India

104

107

3.19

105

Petronet LNG

187

194

3.13

191

Procter & Gamble

6,181

6,365

2.89

6,488

Wipro

557

573

2.89

562

Indian Hotels

95

97

2.38

95

In Focus Stories

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Insuring a smooth ride: A closer look at insurance riders
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Guarantying a loan? Understand the implications before you sign
A guarantor pledges to repay a loan on behalf of a third party who has taken the loan. Hence, he provides a guarantee to the lender, that he will honor the obligation, in case the principal borrower is unable to do so...More

How to minimize tax liability
The popular Section 80C provides a deduction of up to Rs. 1,00,000. It includes a comprehensive list of eligible investments like five-year FDs with post office and banks, Equity Linked Savings Scheme, NSC, Life Insurance Premium, Public Provident Fund and Tuition fees for child’s education...More

Which option to opt for when you invest in MF
One of the biggest puzzles investors face while investing in mutual funds is in deciding whether to opt for growth, dividend payout and dividend reinvestment plans...More

Tax-free bonds bring in bonanza again
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For More Articles

Industry Newsletters

Agriculture Newsletter - July 20 to 24, 2015

Aviation Newsletter - July 20 to 24, 2015

Automobiles & Ancillaries Newsletter - July 20 to 24, 2015

Banking and Financials Newsletter - July 20 to 24, 2015

FMCG Newsletter - July 20 to 24, 2015

Hotels and Tourism Newsletter - July 20 to 24, 2015

Infrastructure Newsletter - July 20 to 24, 2015

Insurance Newsletter- July 20 to 24, 2015

IT Newsletter-20-24 July, 2015

Mutual Funds Newsletter: July 20 to 24, 2015

Minings and Metals Newsletter - July 20 to 24, 2015

Oil and Gas Newsletter - July 20 to 24, 2015

Pharmaceutical Newsletter - July 20 to 24, 2015

Real Estate Newsletter - July 20 to 24, 2015

Corporate Snippets

Qatar Airways said it is in talks with IndiGo to buy stakes in the airlines. It denied news reports that it is holding discussions for a "commercial stake" or engage in a "partnership" with SpiceJet. (BS)

An unprecedented surge in imports is hurting and causing harm to the domestic steel industry, said Sajjan Jindal, chairman and managing director, JSW Steel. (BS)

Coming down hard on carmakers found to be restricting sale of spare parts in open market, CCI imposed a penalty of Rs4.20bn on Hyundai Motor India and asked two others, Reva and Premier to 'cease and desist' from anti-competitive practices. (BS)

The Intellectual Property Appellate Board has allowed a petition of Hindustan Unilever Ltd for early hearing and asked the registry to number a counter appeal filed by Kerala-based Thahir Group, in a dispute related to the latter's trade mark 'Sun Plus'. (BL)

PVR Ltd will be installing Dolby Atmos in 50 of its cinema screens across the country over the next two years. When completed, this will be one of the largest rollouts of Dolby Atmos screens by any multiplex chain in India. (BS)

Mahindra Holidays & Resorts India Ltd will add 700 units in the next 2-3 years. It would cost around Rs5.25bn for the proposed expansion. (BL)

An overseas wholly-owned subsidiary of Hero Motocorp will acquire ownership of certain tangible and intangible assets of Erik Buell Racing for a consideration of US$2.8m. (BL)

Adani Enterprises said it plans to raise up to Rs60bn through issuance of securities to sustain rapid business growth. (ET)

R P P Infra Projects Ltd has bagged two orders worth Rs728m from Chennai Corporation. The project is funded by World Bank for Construction of Integrated Storm Water Drain in Coovum watershed. (ET)

The Maharashtra government is working on a proposal to offer equity to NTPC in its power generation company MahaGenco. (BS)

Glenmark Pharmaceuticals' proposed generic version of Bayer AG's Finacea, a gel for treating the common skin condition rosacea, infringes Bayer's patent, a US court ruled. (ET)

Saddled with bad loans, PNB said it has reported to RBI 400 'wilful defaulters', and plans to sell Non Performing Assets worth up to Rs30bn to ARCs in the current fiscal. (ET)

Economy Snippets

Power projects with a collective capacity of 46,000 MW are facing viability issues due to lack of long term energy buyers, inadequate fuel supply, and aggressive bidding to win projects and coal blocks, Crisil ratings said. (BS)

Indian banks will continue to reel under the impact of bad loans in the current financial year, although new NPAs may decline, says a Moody's report. (BL)

In its third bi-monthly monetary policy review to be announced next month, RBI is likely to announce liquidity tightening steps like longer tenure term reverse repos, which are used to suck out liquidity from the system. (BS)

Manila-headquartered Asian Development Bank inked US$300m loan pact with the government to support the National Urban Health Mission. (ET)

 

 

 

 

 

 

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