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March 30, 2015 INDIAN INDICES MORNING BELL Index MARKETS AT A GLANCE The key Indian benchmark indices are likely to open on a positive note tracking firm cues from other Asian markets. Asian stocks are trading flat as gains from Wall Street are offsetting the impact of declining oil prices. Crude oil prices extend losses on concern that potential Iran nuclear deal could lead to excess supply. Back home, the market is expected to remain subdued on caution ahead of Eight Core Infrastructure Industries and fiscal deficit data, which is expected to due on Tuesday. Selling pressure to continue as a long holiday truncated week will force many domestic traders to book profit. Geopolitical concern in Middle East & upcoming Q4FY15 earnings season will keep the market volatile throughout the day. Trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar on suspected intervention by RBI, crude oil price movement will dictate trend on the bourses. On sectoral front, both cement and Auto stocks will be buzz ahead of monthly sales figures. Additionally, oil & gas stocks too are also remain in focus, amid revise in fuel prices, which is usually a practice followed every fortnight. 27/03/15 Pt Chg % Chg 27,459 1 0.0 8,341 (1) 0.0 BSE MIDCAP 10,360 5 0.0 BSE SMALLCAP 10,441 (34) (0.3) CNX MIDCAP 12,746 (22) (0.2) BANK NIFTY 18,045 213 1.2 CG 16,901 220 1.3 BANKEX 20,665 219 1.1 OIL & GAS 9,123 (143) (1.5) BSE INFRA 182 (2) (1.1) BSE SENSEX NSE NIFTY GLOBAL INDICES WALL STREET UPDATE Index US stocks snapped a four‐day losing streak, by closing marginally higher on Friday. The market recovered, with the Dow Jones Industrial Average adding 34.43 points, or 0.2%, to 17712.66. The S&P 500 edged up 4.87 points, or 0.2%, to 2061.02 and the Nasdaq Composite gained 27.86 points, or 0.6%, to 4891.22. Volatility continued throughout the day after Data on Friday showed the US economy slowed in the fourth quarter, with gross domestic product expanded at an annual rate of 2.2% in the fourth quarter, unchanged from its previous estimate last month, the Commerce Department said. But soon optimism spurred in the last 15 minutes of trading after the release of statement made by Federal Reserve Chairwoman Janet Yellen on monetary policy. Federal Reserve Chair Janet Yellen on Friday stated that gradual rate hikes are likely this year but stressed that the pace of tightening would be gradual and economic data‐dependent. PREVIOUS DAY ROUNDUP (DOMESTIC) The Indian benchmarks closed on positive note in the midst of a volatile trading session, led by Infosys and a rebound in bank shares. 27/03/15 Pt Chg % Chg DOW JONES 17,713 34 0.2 NASDAQ 4,891 28 0.6 FTSE 6,855 (40) (0.6) DAX 11,868 25 0.2 Index * 30/03/15 Pt Chg % Chg NIKKEI 225 19,384 98 0.5 HANG SENG 24,790 304 1.2 SHANGHAI COMPOSITE 3,735 44 1.2 KOSPI COMPOSITE 2,025 5 0.3 SGX NIFTY 8,449 24 0.3 * live intraday prices Among the thirteen sectoral indices, IT index was leading the declin and closed at 16900.56 up by 220.14 points or by 1.32 per cent. NET INFLOWS Rupee ended at 62.50 appreciated by 0.28%, on the back of fresh dollar selling by exporters and banks. crore Buy Sell Net YTD FII (MAR 27) 8,715 8,702 12 78,976 MF (MAR 26) 11,238 8,750 2,488 178,434 NIFTY OVERVIEW FII PARTICIPATION IN DERIVATIVES Current Previous Change % Spot Future COC (%) Total Future OI PCR OI PCR Vol 8,341 8,342 8,435 0 0 11.96 0 bps 0 bps 21,287,100 0 0 0.92 0.98 (6.12) 0.9 1 (11.7) TODAY'S EVENT US’s Personal Income (MoM) (Feb) Eurozone’s Consumer Confidence (Mar) Germany’s Consumer Price Index (YoY) (Mar)Pre Source: Achiievers Equities Ltd crore Buy Sell Net INDEX FUTURES 1,954 1,561 392 INDEX OPTIONS 22,133 18,629 3,504 STOCK FUTURES 2,792 2,649 142 STOCK OPTIONS 1,589 1,596 (7) TECHNICAL OVERVIEW Indian indices ended the volatile session flat to negative. The broader NSE index closed at 8341.10. On daily charts, Nifty has made bearish candle with long lower shadow, reflecting emergence of supportive buying from the lower boundary of falling channel. Further, index traded and closed below the bearish gap of 18 points (8517‐8499) opened on 26th March, indicating that medium term trend is negative, traders are advised to use every rise to create short positions. At the same time, momentum oscillator is languishing in oversold zone, suggesting that market can expect quick short covering or sideways activity. On the lower side, 8240, would now act as a major support. Suggested trading strategy would be to Sell if market resists at 8360 and Buy if it attains support at 8310. SUPPORT & RESISTANCE Indices SENSEX S2 S1 27,021 27,240 LTP R1 SENSEX GAINERS & LOSERS R2 27,459 27,686 27,913 Gainers HINDALCO INFOSYS NIFTY 8,197 8,269 8,341 8,413 8,485 17,579 17,812 18,045 18,185 18,325 SBI L&T LTD BANK NIFTY Stocks
S2
S1
RIL 782 797 SBI 253 ITC LTD R1
R2
Losers 812 831 850 258 264 267 309 313 317 INFOSYS 2,131 2,166 L&T 1,626 1,652 Source:Achiievers Equities Ltd LTP
ICICI BANK 27/03/15 Chg % Chg 134 4 3.0 2,202 58 264 NIFTY GAINERS & LOSERS Gainers 27/03/15 Chg % Chg IDFC 168 6 3.9 2.7 HINDALCO 134 4 3.4 7 2.6 SBI 264 7 2.7 1,677 41 2.5 L&T LTD 1,678 43 2.7 314 7 2.2 INFOSYS 2,202 56 2.6 27/03/15 Chg % Chg 27/03/15 Chg % Chg Losers BHARTI AIRTEL 376 (23) (5.6) BHARTI AIRTEL 377 (23) (5.8) 270 WIPRO 612 (22) (3.5) IDEA 172 (8) (4.6) 323 329 TATA STEEL 315 (8) (2.5) CAIRN LTD 215 (8) (3.4) 2,202 2,231 2,261 RIL 812 (19) (2.3) WIPRO 612 (20) (3.1) 1,677 1,692 1,708 ITC 317 (6) (1.7) HCL TECH 963 (25) (2.5) CRUDE & BULLION MCX (Fig. in Rs) Commodity 27/03/15 Pt Chg % Chg Gold (APR) 26,569 (232) (0.9) Silver (MAY) 38,395 (218) (0.6) 385 (8) (1.9) 3,152 (101) (3.1) Copper (APR) Crude Oil (APR) CORPORATE, INDUSTRY AND ECONOMY (CIE) NEWS AT GLANCE CORPORATE NEWS BSE Code LTP (Rs.) 532843 163.5 501061 610.2 532187 500209 Event Multi‐specialty hospitals chain operater Fortis Healthcare Ltd on Friday said it has sold its Singapore hospital to Concord Medical Services (International) Pte Ltd for SGD 55 million in line with strategy to focus on the domestic market. State Bank of Bikaner and Jaipur (SBBJ), an associate bank of State Bank of India, on Friday said it has raised Rs 200 crore through issuing Basel III compliant tier II Bonds to LIC of India. Mumbai‐based Indusind Bank Ltd on Friday said that it has allotted 1,06,119 equity shares on March 27, 2015 to the employees under its Employees Stock Option Scheme. These equity shares are having a face value of Rs 10 each, the company said in a statement. IT giant Infosys will give out pay hikes in the range of 6.5 per cent to 9 per cent to employees in India for the financial year 2015‐16, said the media report. With effect from April 1, the Bangalore‐based firm is offering average hike of about 6.5 per cent, sources said. 878.3 2,202.0 INDUSTRY NEWS According to the global industry body GSMA, high spectrum prices in the recently concluded auctions are likely to put financial pressure on the Indian telecom operators who will eventually pass on the impact in form of rise in tariffs to consumers, said the media report. ECONOMY NEWS The Government has decided to observe National Mourning on Sunday, March 29, 2015 as mark of respect to the Former Prime Minister of Singapore, Lee Kuan Yew.“The National Flag will be flown at half‐mast throughout India and there will be no official entertainment on the day,” the Ministry of Home Affairs said in a statement. The Union Finance Minister Arun Jaitley today said that there is need to take steps to encourage people to use more and more accounted money and discourage the use of unaccounted currency.In this regard, the Finance Minister said that with the progress in the growth of economy, more and more people should be incentivized to use plastic money such as credit cards, Rupay cards and cheques or any other negotiable instrument. Source:Achiievers Equities Ltd CORPORATE ACTIONS RECORD DATES Current Week Company name Coromandel Internati BSE Code
506395 Purpose
Interim Dividend Date Forthcoming week Company name BSE Code
Kitex Garments 521248 G M Breweries Ltd. 507488 CMC Ltd. 517326 RS Software (India) 517447 Persistent Systems 533179 30/03/2015 Rajlaxmi Industries 512319 Split 30/03/2015 KSE 519421 Interim Dividend 31/03/2015 Millennium Online So 511187 Split 31/03/2015 Polaris Consulting 532254 Interim Dividend 31/03/2015 Purpose
Audited Results & Dividend Audited Results & Dividend Audited Results & Dividend Audited Results & Final Dividend Quarterly Results Date
04/04/2015 07/04/2015 09/04/2015 17/04/2015 21/04/2015 EX DIVIDEND DATE Current Week Company name BSE Code
CMP (Rs.)
Date Fag Bearings Ind 505790 3,977.0 30/03/2015 KSE 519421 713.8 30/03/2015 Polaris Consulting 532254 158.0 30/03/2015 State Bank Of Bi 501061 610.2 30/03/2015 Forthcoming week Company name BSE Code
CMP (Rs.)
Date
ADC India Communicat 523411 280.6 06/04/2015 Colgate Palm. 500830 2,001.7 08/04/2015 SKF India 500472 1,386.8 08/04/2015 Biocon 532523 425.7 09/04/2015 State Bank Of My 532200 457.5 09/04/2015 EX SPLIT Current Week Company name KSS L BSE Code
Ratio
532081 10:1 Date 30/03/2015 Forthcoming week Company name BSE Code
Ratio
Date
BSE Code
Ratio
Date
530305 1:1 EX BONUS Current Week Company name BSE Code
Ratio
Date Forthcoming week Company name Piccadily Agro I 06/04/2015 FORTHCOMING RESULTS Company name BSE Code Date CMP (Rs.) Ahluwalia Contracts (India) Ltd. 532811 30/03/2015 236.6 Ankush Finstock Ltd. 531519 30/03/2015 4.8 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