Wednesday, 30 July 2014

Positive Asian cues to push Indian markets higher

The BSE's 30-share bellwether index- Sensex is likely to open in green on Wednesday tracking positive trend in most of the Asian markets. Investors may further seek optimism from positive quarterly numbers posted by two index heavyweights L&T and ITC in the last trading session. While L&T's net profit nearly doubles to Rs 966.89 crore in April-June quarter, ITC posted over 15 per cent growth in its net profit for the quarter ended June 30, 2014. Among the Asian markets, Hong Kong's Hang Seng index was trading up by over 200 points at 24,844; Taiwan Index at 9,441, up by 49 points; Japan's Nikkei 225 at 15,660, up by 42 points; and China's Shanghai Composite was trading above 10 points at 2,193 in the morning session. Back home, the BSE's SENSEX closed at 25991.23, down by 135.52 points or by 0.52 per cent on Monday, while the NSE's wide-based Nifty ended at 7748.7, down by 41.75 points or by 0.54 per cent. On BSE, total number of shares traded was 22.84 crore and total turnover stood at Rs. 2462.88 Crore. The FIIs on 28/07/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3737.83 Crore and gross debt purchased stood at Rs. 3557.52 Crore, while the gross equity sold stood at Rs. 3616.93 Crore and gross debt sold stood at Rs. 601.83 Crore. Therefore, the net investment of equity and debt reported were Rs. 120.90 Crore and Rs. 2955.69.

Monday, 28 July 2014

Markets to witness flat opening ahead of F&O expiry, CPI data

Tracking mixed cues from the global markets, the BSE’s 30-share bellwether index- Sensex is expected to open on a flat note on Monday. Investors are expected to remain on the sidelines ahead of the F&O expiry, which is scheduled later in the week. The announcement of Consumer Price Index (CPI) data for Industrial Workers on July 31 will further add to the cautiousness of investors. Meanwhile, Asian markets were mostly trading higher led by Hong Kong's Hang Seng index, which was trading up by 239 points at 24,455. Japan's Nikkei 225 was at 15,530, up by 72 points and China's Shanghai Composite was also trading above 32 points at 2,158. Last week, the US stocks ended in red in the overnight trading as sentiments dampened over less than expected corporate earnings. Back home, the BSE's SENSEX closed at 26088.89 on Friday, down by 182.96 points or by 0.7 per cent, while the NSE’s wide-based Nifty ended at 7790.45 down by 40.15 points or by 0.51 per cent. On BSE, total number of shares traded was 74.02 Crore and total turnover stood at Rs. 3577.35 Crore. The FIIs on 25/07/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3349.30 Crore and gross debt purchased stood at Rs. 3538.96 Crore, while the gross equity sold stood at Rs. 2982.97 Crore and gross debt sold stood at Rs. 432.66 Crore. Therefore, the net investment of equity and debt reported were Rs. 366.33 Crore and Rs. 3106.30.

Friday, 25 July 2014

Market seen opening flat; LIC Housing, Allahabad Bank eyed

Tracking muted cues from Asian peers, the domestic equity market is likely to open flat on Friday. Even, Nifty India stock futures in Singapore were trading flat with negative bias, signaling a flat to lower opening for the domestic bourses. On the global front, Asian peers were trading on subdued note taking some breathe after recent rally. In overnight trading, Wall Street ended ended flat amid mixed earnings and dat, though the S&P 500 set another record closing high. Back home, investors will keep an eye on earnings report of Allahabad Bank, Ashok Leyland, LIC Housing Finance, Novartis India, Punjab National Bank, UCO Bank, which will be announced today. On Thursday, the Indian benchmark indices ended higher for eighth straight session, helped by gains in steel, metal and mining stocks after Chinese manufacturing PMI topped estimates. The China HSBC Manufacturing PMI rose to 52 in July from 51.8 in June, the highest reading since January 2013, signaling that the world's second-biggest economy is gaining traction, and the government's stimulus efforts are injecting new vigor into the economy. Among others, shares of insurance companies rallied after the Cabinet approved 49 per cent foreign direct investment (FDI) in insurers. The BSE SENSEX closed at 26271.85 up by 124.52 points or by 0.48 per cent, while the NSE Nifty ended at 7830.6 up by 34.85 points or by 0.45 per cent. During the day's trade, the BSE Sensex touched intraday high of 26292.66 and intraday low of 26077.70, while the NSE Nifty touched intraday high of 7835.65 and intraday low of 7771.65. Bucking the trend, the broader market continued its lackluster trade on Thursday and closed on mixed note. The BSE MIDCAP closed at 9293.46 down by 18.26 points or by 0.2 per cent, while the BSE SMLCAP ended at 10229.33 up by 25.15 points or by 0.25 per cent. On the Sectoral front, metal and IT indices gained 1.47 per cent and 0.9 per cent, respectively. The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3213, shares advanced were 1576 while 1498 shares declined and 139 were unchanged. The top gainers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 197.55,+2.30%), Tata Steel Ltd. (Rs. 567.05,+2.18%), Hindustan Unilever Ltd. (Rs. 642.30,+1.55%), Wipro Ltd. (Rs. 576.80,+1.31%), ITC Ltd. (Rs. 356.25,+1.09%), among others. On the flip side, GAIL (India) Ltd. (Rs. 429.45,-2.04%), Dr. Reddy's Laboratories Ltd. (Rs. 2713.95,-0.73%), Hero MotoCorp Ltd. (Rs. 2536.30,-0.66%), Cipla Ltd. (Rs. 439.30,-0.61%), Axis Bank Ltd. (Rs. 1996.65,-0.22%), 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 fifth straight day. Gross equity purchased stood at Rs. 3822.31 Crore and gross debt purchased stood at Rs. 1488.30 Crore, while the gross equity sold stood at Rs. 2982.93 Crore and gross debt sold stood at Rs. 668.80 Crore. Therefore, the net investment of equity and debt reported were Rs. 839.38 Crore and Rs. 819.50. Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 14784601.00, Cairn India Ltd. 8770595.00, IDFC Ltd. 8629790.00, Tata Steel Ltd. 6388530.00, DLF Ltd. 6273538.00. On NSE, total number of shares traded was 84.12 Crore and total turnover stood at Rs. 15780.14 Crore. In the NSE F&O segment, total number of contracts traded in index futures was 347379 with a total turnover of Rs. 13530.36 Crore. Along with this total number of contracts traded in stock futures were 842048 with a total turnover of Rs. 33495.41 Crore. Total numbers of contracts for index options were 4543135 with a total turnover of Rs. 176647.76 Crore and total numbers of contracts for stock options were 344158 with a total turnover of Rs. 13935.91 Crore..

Thursday, 24 July 2014

Markets seen opening higher; cement stocks eyed

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.

Wednesday, 23 July 2014

Positive opening on cards for markets

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. The BSE SENSEX closed at 26025.8 up by 310.63 points or by 1.21 per cent, while the NSE Nifty ended at 7767.85 up by 83.65 points or by 1.09 per cent. During the day's trade, the BSE Sensex touched intraday high of 26050.38 and intraday low of 25780.39 The NSE Nifty touched intraday high of 7773.85 and intraday low of 7704.80. Back home, the broader market ended on mixed note. The BSE MIDCAP closed at 9311.09 up by 10.67 points or by 0.11 per cent, while the BSE SMLCAP closed at 10268.76 down by 0.83 points or by 0.01 per cent. On the Sectoral front, Teck and IT indices gained 2.02 per cent and 1.78 per cent, respectively. The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3232, shares advanced were 1547 while 1555 shares declined and 130 were unchanged. The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 353.25,+4.81%), Reliance Industries Ltd. (Rs. 1030.80,+3.35%), Housing Development Finance Corporation Ltd. (Rs. 1040.70,+2.93%), Tata Consultancy Services Ltd. (Rs. 2531.05,+2.71%), Hindalco Industries Ltd. (Rs. 188.25,+2.62%), among others. On the flip side, Maruti Suzuki India Ltd. (Rs. 2512.80,-1.00%), Larsen & Toubro Ltd. (Rs. 1654.60,-0.92%), Mahindra & Mahindra Ltd. (Rs. 1178.35,-0.51%), Bharat Heavy Electricals Ltd. (Rs. 234.30,-0.32%), Axis Bank Ltd. (Rs. 2017.60,-0.27%), 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. 2725.92 Crore and gross debt purchased stood at Rs. 1058.86 Crore, while the gross equity sold stood at Rs. 2481.44 Crore and gross debt sold stood at Rs. 264.35 Crore. Therefore, the net investment of equity and debt reported were Rs. 244.48 Crore and Rs. 794.51. Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 12856830.00, IDFC Ltd. 11072177.00, Bharti Airtel Ltd. 9764963.00, Reliance Industries Ltd. 6512321.00, DLF Ltd. 5756939.00. On NSE, total number of shares traded was 81.43 Crore and total turnover stood at Rs. 15822.10 Crore. In the NSE F&O segment, total number of contracts traded in index futures was 379353 with a total turnover of Rs. 14665.13 Crore. Along with this total number of contracts traded in stock futures were 758143 with a total turnover of Rs. 28592.60 Crore. Total numbers of contracts for index options were 4224331 with a total turnover of Rs. 162870.81 Crore and total numbers of contracts for stock options were 402325 with a total turnover of Rs. 15066.46 Crore.

Tuesday, 22 July 2014

Market set to open higher on firm global cues

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 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.

Monday, 21 July 2014

Market seen opening higher; RIL, Kotak Mahindra Bank eyed

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. The BSE SENSEX closed at 25641.56 up by 80.4 points or by 0.31 per cent, while the NSE Nifty ended at 7663.9 up by 23.45 points or by 0.31 per cent. During the day's trade, the BSE Sensex touched intraday high of 25713.4 and intraday low of 25441.24, while the NSE Nifty touched intraday high of 7685 and intraday low of 7595.5. Bucking the trend, the broader market ended lower. The BSE MIDCAP closed at 9252.8 down by 38.89 points or by 0.42 per cent, while the BSE SMLCAP closed at 10180.84 down by 12.28 points or by 0.12 per cent. On the Sectoral front, IT and Teck indices gained 1.43 per cent and 0.91 per cent, respectively. IT bellwether TCS reported a growth of 45 per cent in its consolidated net profit at Rs 5,568 crore for the first quarter ended June, driven by broad based growth across verticals and geographies. Revenue for the quarter increased 22.9 per cent to Rs 22,111 crore from Rs 17,987 crore for the same quarter in the 2013-14 fiscal. The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3189, shares advanced were 1514 while 1563 shares declined and 112 were unchanged. The top gainers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 2508.50,+2.62%), Tata Consultancy Services Ltd. (Rs. 2442.65,+2.58%), Axis Bank Ltd. (Rs. 1996.05,+2.10%), ICICI Bank Ltd. (Rs. 1477.20,+1.97%), Wipro Ltd. (Rs. 547.70,+1.83%), among others. On the flip side, Tata Power Company Ltd. (Rs. 105.75,-2.58%), Hindalco Industries Ltd. (Rs. 184.55,-2.23%), Bharat Heavy Electricals Ltd. (Rs. 237.95,-2.10%), Maruti Suzuki India Ltd. (Rs. 2517.25,-1.70%), GAIL (India) Ltd. (Rs. 445.30,-1.69%), were among notable losers on BSE. The FIIs turned net buyer in both debt and equity market. Gross equity purchased stood at Rs. 4444.24 Crore and gross debt purchased stood at Rs. 1105.94 Crore, while the gross equity sold stood at Rs. 2584.90 Crore and gross debt sold stood at Rs. 288.39 Crore. Therefore, the net investment of equity and debt reported were Rs. 1859.34 Crore and Rs. 817.55. Top traded Volumes on NSE Nifty were IDFC Ltd. 23892454.00, Hindalco Industries Ltd. 9555163.00, DLF Ltd. 8485759.00, Tata Steel Ltd. 7295335.00, NTPC Ltd. 5732475.00. On NSE, total number of shares traded was 86.06 Crore and total turnover stood at Rs. 16084.09 Crore. In the NSE F&O segment, total number of contracts traded in index futures was 427132 with a total turnover of Rs. 16328.34 Crore. Along with this total number of contracts traded in stock futures were 765500 with a total turnover of Rs. 30413.83 Crore. Total numbers of contracts for index options were 3846697 with a total turnover of Rs. 147033.82 Crore and total numbers of contracts for stock options were 374472 with a total turnover of Rs. 14650.73 Crore.