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 May 07, 2015 INDIAN INDICES MORNING BELL Index MARKETS AT A GLANCE Indian benchmark indices are likely to open on a negative note today, dragged down by weaker global cues. Asian stocks continue to take the south route in the early trade today due to weaker finish on Wall Street overnight and fears over tighter margin trading rules in China. Back home, the markets will react to the passing of the landmark GST bill in Lok Sabha. However, the bill is yet to be tabled in the upper house for select committee scrutiny. Meanwhile, the rising concerns over oil prices might drag the markets for another session. Along with Oil and Gas, FMCG and auto stocks might remain under pressure. Moreover, continued selling by the overseas investors might worsen the scenario. Foreign institutional investors (FIIs) divested shares worth Rs 1,700 crore yesterday reaching the previous eight‐
day selling score to nearly Rs 9,000 crore. As per market experts, “certain large foreign investors sold heavily due to redemption pressure, in the wake of weaker investor appetite due to hardening of yields on government treasury bonds in the US and Europe.” On the earnings front, BASF, BlueDart, Hero Motocorp and Jindal Saw are a few prominent names that will release their earnings. 06/05/15 Pt Chg % Chg 26,717 (723) (2.6) 8,097 (228) (2.7) BSE MIDCAP 10,265 (348) (3.3) BSE SMALLCAP 10,830 (348) (3.1) CNX MIDCAP 12,554 (454) (3.5) BANK NIFTY 17,800 (672) (3.6) CG 15,992 (708) (4.2) REALTY 1,562 (66) (4.0) POWER 2,041 (78) (3.7) BSE SENSEX NSE NIFTY GLOBAL INDICES Index 06/05/15 Pt Chg % Chg 17,842 (86) (0.5) WALL STREET UPDATE DOW JONES U.S. stocks weakened in yesterday’s session after Federal Reserve Chairwoman Janet Yellen surprised traders by cautioning of possible drawbacks for investors, referring to stock values as “quite high.” However, late surge in the buying activity contained losses to an endurable level. Yellen’s comments arose at a panel dialogue with the head of the International Monetary Fund, Christine Lagarde. On the economic front, the US jobs data added to worries; U.S. created 169,000 private‐sector jobs in April, down from 175,000 jobs that were created in March. NASDAQ 4,920 (20) (0.4) FTSE 6,934 6 0.1 DAX 11,350 22 0.2 PREVIOUS DAY ROUNDUP (DOMESTIC) Index * 07/05/15 Pt Chg % Chg NIKKEI 225 19,332 (200) (1.0) HANG SENG 27,550 (91) (0.3) The Indian benchmarks ended on a lower note in the midst of persistent selling by foreign funds amid continued concerns over retrospective taxation. SHANGHAI COMPOSITE 4,191 (39) (0.9) KOSPI COMPOSITE 2,072 (32) (1.5) Among the thirteen sectoral indices, capital goods index was leading the decline and closed at 15991.98 down by ‐708.3 points or by ‐4.24 per cent. SGX NIFTY 8,092 (19) (0.2) Rupee ended at 63.54 depreciated by 0.16%, amid the continued foreign fund outflow from local equity market. * live intraday prices NET INFLOWS crore NIFTY OVERVIEW Current Previous Change % Spot Future COC (%) Total Future OI PCR OI PCR Vol 8,097 8,325 (2.7) 8,122 8,362 (2.9) 4.98 6.97 ‐199 bps 16,453,250 16,792,050 (2) 0.93 1.02 (8.82) 0.9 1 (10.9) Buy Sell Net YTD FII (MAY 06) 5,179 5,820 (640) 90,905 MF (APR 29) 9,113 8,169 944 219,336 FII PARTICIPATION IN DERIVATIVES crore Buy Sell Net INDEX FUTURES 1,777 3,702 (1,925) INDEX OPTIONS 22,188 22,985 (797) STOCK FUTURES 4,542 2,709 1,832 STOCK OPTIONS 2,372 2,354 18 TODAY'S EVENT US’s Initial Jobless Claims (May 1) US’s Continuing Jobless Claims (Apr 24) Japan’s BoJ Monetary Policy Meeting Minutes Source: Achiievers Equities Ltd TECHNICAL OVERVIEW Indian indices tanked on Wednesday, to their lowest close of more than seven months. The broader NSE index fell 2.74% or 227.80 points to close at 8097.00. On daily charts, Nifty has made a sizeable bearish candle with little or no shadows, indicating that bears were in sell mode right from the beginning. The index is expected to continue their bearish sentiments further, with any weakness below its major support of 8040. The index is struck in a continuation formation of ‘expanding triangle’ and 8040 is lower boundary of the triangle. However, possibility of quick short covering or sideways activity cannot be ruled out after steep fall. Suggested trading strategy would be to Sell if market resists at 8115 and Buy if it attains support at 8055. SUPPORT & RESISTANCE Indices SENSEX NIFTY BANK NIFTY S2 S1 26,142 26,430 7,922 LTP R1 SENSEX GAINERS & LOSERS R2 26,717 27,253 27,789 8,009 8,097 8,258 8,420 17,223 17,511 17,800 18,334 18,868 Stocks
S2
S1
RIL 858 869 SBI 257 ITC LTD BHARTI AIRTEL 06/05/15 Chg % Chg 390 3 0.8 Gainers BHARTI AIRTEL 06/05/15 Chg % Chg 390 3 0.8 R1
R2
Losers 06/05/15 Chg % Chg Losers 06/05/15 Chg % Chg 879 893 907 BHEL 230 (15) (6.2) BHEL 230 (15) (6.3) 261 265 272 278 ICICI BANK 312 (16) (5.0) AMBUJA CEM 227 (12) (5.2) 309 313 318 325 332 L&T LTD 1,565 (77) (4.7) KOTAK BANK 1,351 (72) (5.1) INFOSYS 1,878 1,900 1,923 1,963 2,003 MARUTI 3,633 (159) (4.2) ICICI BANK 312 (16) (5.0) L&T 1,505 1,535 1,565 1,619 1,673 NTPC 144 (6) (4.1) L&T LTD 1,565 (78) (4.7) Source:Achiievers Equities Ltd LTP
Gainers NIFTY GAINERS & LOSERS CRUDE & BULLION MCX (Fig. in Rs) Commodity 06/05/15 Pt Chg % Chg Gold (JUN) 26,923 43 0.2 Silver (JUL) 38,000 42 0.1 3,893 36 0.9 415 1 0.1 Crude Oil (MAY) Copper (JUN) CORPORATE, INDUSTRY AND ECONOMY (CIE) NEWS AT GLANCE CORPORATE NEWS BSE Code 532391 500096 500002 532555 LTP (Rs.) Event Opto Circuits India Ltd, a medical device company announced that its subsidiary Cardiac Science has received the green signal from the U S Food and Drug Administration (USFDA) 510K to market automated external defibrillators (AED) which is Powerheart G3 and G5 line of products. Dabur India, an India‐based consumer products manufacturing company announced that it has reported a consolidated net profit of Rs. 284.8 crore for the quarter ended March 31, 2015, up 21 per cent as against Rs. 235.3 crore for the quarter ended March 31, 2014 as consumer demand has started showing signs of recovery. The consolidated net sales of the company grew by 10.2 per cent to Rs. 1,944.8 crore during the period under review as compared to Rs. 1,764 crore in the corresponding quarter last year. ABB India, the power and automation technologies firm announced that it has reported a 5 per cent growth in its net profit at Rs. 54.29 crore for the quarter ended March 2015 as against a net profit of Rs. 51.68 crore for the quarter ended March 2014 on account of steady investment in operational excellence initiatives, focus on indigenization and balancing risk return profile. The total income from operations of the company dropped to Rs. 1,814.57 crore during the period under review, down by 0.72 per cent. State‐owned power producer, NTPC has planned to raise USD 1 billion through foreign currency bonds this year to expand its power generation capacity, particularly in renewable energy segment, said the media report. 21.2 262.9 1,364.3 144.4 INDUSTRY NEWS Sentiments for residential realty market remains under pressure as new launches have nearly halved in the January‐March 2015 quarter given that there is an oversupply situation since last 8 quarters. According to a report by FICCI‐Knight Frank, there is a continuous fall in the new residential launches across major markets, even as sales volume remains steady. ECONOMY NEWS To help lenders deal with defaulting borrowers, Sebi has notified new norms for banks to convert their debt into equity in distressed companies ‐ a move that may lead to a sharp rise in restructuring of bank loans, said the media report. The decision to tweak the pricing formula for conversion of debt into equity would also pave the way for bankers to have a larger say in activities of a distressed company by acquiring majority stake and taking over the management. A HSBC survey has said that services sector growth has gone down for the second straight month amid weaker demand conditions during April, PTI reported. The HSBC India Services Business Activity Index, which tracks changes in activity of the service companies, fell to a three‐month low of 52.4 in April from 53.0 in March. Source:Achiievers Equities Ltd CORPORATE ACTIONS RECORD DATES Current Week Company name R Systems Internat. BSE Code
532735 Purpose
Interim Dividend Date Forthcoming week Company name BSE Code
Hero MotoCorp 500182 Titan Company 500114 Piramal Enterprises 500302 Blue Dart Expres 526612 IIFL Holdings 532636 04/05/2015 Chankya Investments 501270 Bonus 06/05/2015 Gateway Distriparks 532622 Interim Dividend 06/05/2015 Sun TV Network Ltd. 532733 Interim Dividend 06/05/2015 TVS Motor Co. Ltd. 532343 Interim Dividend 06/05/2015 Purpose
Audited Results & Final Dividend Audited Results & Dividend Audited Results & Dividend Audited Results & Dividend Audited Results Date
07/05/2015 07/05/2015 07/05/2015 07/05/2015 07/05/2015 EX DIVIDEND DATE Current Week Company name BSE Code
CMP (Rs.)
Date Gateway Distriparks 532622 351.7 05/05/2015 Godrej Consumer Prod 532424 1,077.2 05/05/2015 Hexaware Technologie 532129 259.3 05/05/2015 Sun TV Network Ltd. 532733 343.0 TVS Motor Co. Ltd. 532343 226.0 Forthcoming week BSE Code
CMP (Rs.)
Aptech Ltd. 532475 59.8 11/05/2015 Hind. Zinc 500188 176.1 12/05/2015 Sundaram Clayton 520056 1,839.3 13/05/2015 05/05/2015 State Bank Of My 532200 469.7 14/05/2015 05/05/2015 StateBnkOfTravan 532191 456.9 14/05/2015 Company name Date
EX SPLIT Current Week Company name BSE Code
Ratio
Date Forthcoming week Company name Rasi Electrodes BSE Code
Ratio
531233 10:2 Date
11/05/2015 EX BONUS Current Week Company name Chankya Investments BSE Code
Ratio
501270 3:1 Date 05/05/2015 Forthcoming week Company name BSE Code
Ratio
Date
FORTHCOMING RESULTS Company name BSE Code Date CMP (Rs.) Ador Welding Ltd. 517041 07/05/2015 210.0 Alembic Ltd. 506235 07/05/2015 35.9 Source:Achiievers Equities Ltd @ All Rights Reserved This report and Information contained in this report is solely for information purpose and may not be used as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. The investment as mentioned and opinions expressed in this report may not be suitable for all investors. In rendering this information, we assumed and relied upon, without independent verification, the accuracy and completeness of all information that was publicly available to us. The information has been obtained from the sources that we believe to be reliable as to the accura‐cy or completeness. While every effort is made to ensure the accuracy and completeness of information contained, Achiievers Equities Ltd and its affil‐iates take no guarantee and assume no liability for any errors or omissions of the information. This information is given in good faith and we make no representations or warranties, express or implied as to the accuracy or completeness of the information. No one can use the information as the basis for any claim, demand or cause of action. Achiievers Equities Ltd and its affiliates shall not be liable for any direct or indirect losses or damage of any kind arising from the use thereof. Opinion expressed is our current opinion as of the date appearing in this report only and are subject to change without any notice. Recipients of this report must make their own investment decisions, based on their own investment objectives, financial positions and needs of the specific recipient. The recipient should independently evaluate the investment risks and should make such investigations as it deems necessary to ar‐rive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult their advisors to determine the merits and risks of such investment. The report and information contained herein is strictly confidential and meant solely for the selected recipient and is not meant for public distribution. This document should not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or re‐produced, duplicated or sold in any form. Source:Achiievers Equities Ltd