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2nd Feb , 2011 Morning Wealth
BP WEALTH
Wednesday,20th May, 2015
Nifty Futures
Resistance
Support
Indices (NSE)
Level 1
8,440
8,320
Close
Level 2
Level 3
8,480
8,550
8,250
8,210
Pts. Chg
% Chg
Intraday Nifty Outlook
Index had a weak opening but managed a recovery to end marginally in the red.
Price has closed within the range of the previous day thus forming a inside day
candlestick formation, which suggests lack of confidence in the ongoing trend.
Index has closed above the neckline of the Inverted Head & Shoulders a bullish reversal price pattern, a sustenance above this neckline will make the short
term trend bullish. Going ahead index has support in the range of 8320-8250, a
failure to violate this range will make the index resume its pullback while resistance comes at 8440-8480.
Nifty
8,365.7
-8.0
-0.1
Nifty Future (May
8,366.3
-6.5
-0.1
Nifty Future (June)
8,394.8
-4.5
-0.1
Corporate News
18,380.4
-42.5
-0.2
CNX100
8,445.3
-7.4
-0.1
CNX500
6,909.7
-1.2
-0.0
CNX Midcap
13,067.0
-3.3
-0.0
Indices (BSE)
Close
Sensex
27,645.5
-41.8
-0.2
BSE-100
8,505.7
-5.8
-0.1
BSE-200
3,507.4
-1.2
0.0
Tata Power beats estimates, posts Rs 159 cr profit in Q4
Tata Power reported a consolidated net profit of Rs 159 crore in the fourth quarter of 2015 financial year on the back of lower expenses against Rs 145-crore
loss in the same period last year. On a standalone basis, the company posted a
profit of Rs 213 crore (Rs 84 crore in Q4 2014) which was higher than Street
expectation. Bloomberg had estimated a stand-alone profit of Rs 203 crore. The
company announced a dividend of Rs 1.30 per share. Consolidated income fell
7.4 per cent to Rs 8,240 crore on account of lower price realisation by the
group's coal mining companies but the decline was offset by 12 per cent drop in
expenses. Consolidated operating profit for the quarter was 28 per cent higher
at Rs 1,408 crore against Rs 1,097 crore in the same period last year due to
lower depreciation, higher contribution from the company's Mumbai operations
(which reported 28 per cent growth in operating profit) and lower coal prices in
the Mundra ultra-mega power plant. The sharpest decline in expense was seen
in coal processing charges (48 per cent) and royalty towards coal mining (27
per cent). Also, the company spent less on purchase of power, fuel, raw materials. Depreciation charges were lower by Rs 110 crore on account of changes in
policy. (Source: Business Standard)
BSE-500
10,946.7
-0.2
0.0
Mid Cap
10,651.0
-16.0
-0.2
Small Cap
11,187.7
39.8
0.4
Sectoral Indices
Close
BANKEX
21,130.1
-36.2
-0.2
CAPITAL GOODS
REALTY
POWER
OIL & GAS
METAL
16,487.1
1,545.2
2,054.9
9,473.6
9,994.1
56.1
7.3
-0.8
-42.5
42.8
0.3
0.5
0.0
-0.4
0.4
CD
10,453.1
56.2
0.5
AUTO
19,080.7
-147.5
-0.8
TECK
5,992.0
43.2
0.7
10,757.8
7,881.4
16,840.6
18.3
78.2
-17.1
47.9
0.4
0.7
-0.2
0.3
2.1
Bank Nifty
IT
FMCG
HEALTHCARE
VIX
Exchange
Advance
Pts. Chg
Pts. Chg
Decline
% Chg
% Chg
Unchg
BSE
1,442
1,299
116
NSE
781
711
78
Volume
Rs (in cr)
NSE Cash
BSE Cash
NSE F&O
Net Inflows/
Outflows (Rs in cr)
FII
DII
Buy
4,901.8
1,693.9
% Chg
15,369.7
1.1
2,820.9
2,79,809.1
0.1
25.3
Sell
4,853.7
1,242.9
Net
48.1
451.0
Colgate-Palmolive Q4 net profit up by 23%
Consumer products major Colgate-Palmolive (India) Ltd on Tuesday said its
profits during the fourth quarter of 2015 rose by 23.6% at Rs 163.63 crore
against Rs 132.3 crore in the corresponding timeframe last fiscal. Its total net
income during the period under review rose nearly by 11% at Rs 1,028.5 crore
against earnings of Rs 927.3 crore in the January-March 2014 timeframe. "The
company posted a robust volume growth of 5% both for the quarter and the full
year in toothpaste and continued to enhance its leadership position in toothpaste category by registering a volume market share of 57.8% for the period
January-April 2015," the company said in a regulatory filing with the BSE. It also
said it maintained the leadership position in the toothbrush segment by registering a volume market share of 42.1% during Q4. During 2014-15, the company's
net profits rose by 3.5% at Rs 559 crore against Rs 540 crore during 2013-14.
Total revenues during 2014-15 stood at Rs 3,982 crore - an increase of 11.3%
compared to the total net earnings of Rs 3,579 crore during 2013-14. (Source:
Business Standard)
Sistema holds talks with Reliance Communication over possible India JV
Russian billionaire Vladimir Yevtushenkov, owner of conglomerate Sistema,
said on Friday he has held talks with tycoon Anil Ambani's Reliance Communications about a possible joint venture in India. Yevtushenkov said he had no
plans to sell his Indian telecoms business Sistema Shyam Teleservices, one of
the market's smallest players with nearly 9 million customers and less than a
1% market share. With nearly 970 million mobile phone accounts, India is the
world's second-biggest cellular market after China. But the market of over 10
players is highly competitive, leaving little pricing power for carriers and squeezing margins. Industry watchers have long called for a market consolidation. Sistema Shyam TeleServices scaled back its operations in 2013 when it had to
buy new telecommunication permits after its earlier permits were cancelled by a
court order linked to a broader licensing scandal. "We've been talking to different people regarding business expansion," Yevtushenkov told Reuters, in response to a query about a media report. "Honestly, there is nothing much to
say." (Source: Business Standard)
Pidilite Industries Q4 profit up 10.34% to Rs 80.64 cr
Adhesives and industrial chemicals manufacturer Pidilite Industries on Tuesday
reported 10.34 per cent increase in its consolidated profit at Rs 80.64 crore for
the fourth quarter ended March 31, 2015. It had posted a consolidated net profit
of Rs 73.08 crore in the same period of last year, Pidilite Industries said in a
filing to the BSE. The company’s net sales on a consolidated basis also increased 5.27 per cent to Rs 1,037.44 crore during the January—March quarter
as against Rs 985.47 crore a year ago. For the full fiscal ended March 2015,
Pidilite Industries’ consolidated net profit rose 13.95 per cent to Rs 512.56 crore
as against Rs 449.80 crore in the previous fiscal. Its consolidated net sales also
increased 13.14 per cent to Rs 4,820.44 crore in 2014—15 as against Rs
4,260.59 crore in 2013—14. Meanwhile, in a separate filing, Pidilite Industries
has informed that its Board has recommended a dividend of Rs 2.90 per equity
Share of Re 1 each. (Source: Business Line)
BP WEALTH
Morning Wealth
Economy
Nifty Top 5 Gainers
Close
Pts. Chg
% Chg
ULTRACEMCO
2,971.4
71.3
2.5
HEROMOTOCO
2,580.8
60.2
2.4
215.1
3.9
1.9
552.6
8.4
1.5
2,022.4
29.3
1.5
VEDL
WIPRO
INFY
Nifty Top 5 Losers
Close
TATAMOTORS
Pts. Chg
% Chg
509.8
-10.9
-2.1
HDFC
1,240.6
-23.8
-1.9
ONGC
317.6
-4.1
-1.3
CAIRN
201.1
-2.4
-1.2
BPCL
784.3
-8.5
-1.1
Int. Indices
S&P 500
Close
Pts. Chg
% Chg
2,127.8
-1.4
-0.1
18,312.4
13.5
0.1
NASDAQ
5,070.0
-8.4
-0.2
FTSE
6,995.1
26.2
0.4
DAX
11,853.3
259.0
2.2
CAC
5,117.3
105.0
2.1
Nikkie
20,026.4
136.1
0.7
Hangseng
27,693.5
102.3
0.4
3,454.0
-5.5
-0.2
DOW
Straits Times
ADR
Close
HDFC Bank
ICICI Bank
Infosys
TATA Motors
Wipro
Currencies
58.3
10.5
31.7
41.1
11.8
Close
Pts. Chg
0.6
0.2
0.3
-0.6
0.1
Pts. Chg
% Chg
1.1
2.1
0.9
-1.5
0.5
94.8
1.1
1.2
USD/INR
EURO/INR
USD/YEN
63.7
71.0
120.9
0.0
-1.0
0.8
-0.1
-1.3
0.7
Commodities
Close
Gold (spot) Rs
27,290.0
-327.0
-1.2
Silver (spot) Rs
39,319.0
-1,151.0
-2.8
Crude (Brent) $
64.6
0.6
0.9
Crude Oil (WTI) $
58.6
0.6
1.0
Institutional Research
Major Bulk Deal (NSE)
Scrip Name
Qty
JUSTDIAL
2,525,892
FIDELITY INVESTBUY MENT TRUST FID DIV
INTL FUND
1077.15
JUSTDIAL
628,866
FIDELITY INVESTMENT TRUST FIDELBUY
ITY EMERGING MARKETS FUND
1077.15
JUSTDIAL
1,450,312
SELL
TIGER GLOBAL FIVE
INDIAN HOLDINGS
1077.15
JUSTDIAL
2,339,190
SELL
TIGER GLOBAL FOUR
1077.15
JD HOLDINGS
% Chg
Dollar Index
Pts. Chg
Interest on gold deposits may be exempt from tax
The government has proposed exempting interest earned ongold deposits from
income tax, wealth tax or capital gains tax. It is examining the option of allowing
banks to use gold deposited under the monetisation scheme announced in the
Budget as a part of their cash reserve and statutory liquidity. Apart from these
incentives, the draft gold monetisation scheme announced on Tuesday sought to
rope in small investors by lowering the minimum gold that can be deposited to
30g from 500g in the existing gold deposit scheme. The finance ministry has
sought comments on the draft scheme from stakeholders by June 2. While the
scheme has left the decision of interest rates to banks, experts said it could be
around one per cent. Both the principal and interest to be paid to depositors will
be valued in gold. If a customer deposits 100g of gold and receives one per cent
interest, he has a credit of 101g after a year. Depositors will also have the option
to receive gold on maturity, but they have to decide at the time of depositing.
Banks have been given various options for using the gold collected, including
selling to generate foreign currency, selling coins to customers and lending to
jewellers. Interest will be payable after 30 or 60 days of opening the account. The
scheme will have a maturity of one year and multiples of that with a facility to
break the lock like in normal bank deposits. Banks will be able to keep gold with
refiners, which are 32 at present. While lending gold to jewellers, banks will have
to recover costs and keep a margin for profit. Currently, gold can be imported on
consignment basis with 1.2 per cent lease rent and hence banks will prefer to
pay 1 per cent interest to avoid arbitrage. Interest rates for jewellers for gold
loans at present are in the range of 4-4.5 per cent. One banker involved with the
existing gold deposit scheme said the new scheme could succeed because the
logistics of collecting gold and refining it had been taken care of by involving hallmarking centres and reducing the minimum deposit from 500 gm to 30 gm.
(Source: Business Standard)
International News
Most Asia Stocks Rise After U.S. Shares Hit Records, Yen Weakens
Most Asian stocks rose after U.S. equity gauges climbed to fresh records and the
yen weakened, boosting Japanese shares. About three stocks rose for every two
that fell on the MSCI Asia Pacific Index, which traded little changed at 153.39 as
of 9:03 a.m. in Tokyo. Japan’s Topix index added 0.2 percent after the yen fell
0.6 percent against the dollar on Monday. The Standard & Poor’s 500 Index rose
0.3 percent and the Dow Jones Industrial Average climbed 0.1 percent, both
closing at all-time highs. Investors are awaiting this week’s U.S. housing data for
clues as to whether the recovery in the world’s largest economy can withstand
higher interest rates. “Patchy U.S. data means that the Fed is highly unlikely to
begin its policy normalization process until late in the December quarter,” said
Matthew Sherwood, Sydney-based head of investment strategy at Perpetual Ltd.,
which manages about $21 billion. “There has been a large upward movement in
the U.S. dollar in the past ten months and this has clearly weighed on U.S.
growth. Data Monday showed confidence among U.S. homebuilders unexpectedly fell in May, reflecting a cooling off in sales and slower buyer traffic. Mixed
economic data from retail sales to the labor market have bolstered speculation
the Fed will be in no rush to raise rates. Fed Bank of Chicago President Charles
Evans repeated his call for rates to be held near zero until early 2016 at a speech
in Stockholm on Monday. E-mini futures on the S&P 500 were little changed today. (Source: Bloomberg)
% Chg
Type
Client Name
Trade Price
Major Bulk Deal (BSE)
Scrip Name
Qty
Type
Client Name
Trade Price
NO MAJOR BULK DEALS
BP Equities Pvt. Limited (w ww .bpw ealth.com)
BP Equities reports are also available on Bloomberg [BPEP <GO>]
05/20/2015
2
BP WEALTH
Morning Wealth
EVENTS CALENDAR
Monday
Tuesday
Wednesday
Thursday
Friday
18-May-2015
19-May-2015
20-May-2015
21-May-2015
22-May-2015
Results – ASIANPAINT,
GLAXO ,AXISCADES
Results –TATAPOWER
Results - BAJAJFINSV, Results – BAJAJ-AUTO,
BAJFINANCE, TABAJAJHLDNG, ICRA,
TASTEEL,WABCOINDIA TIMEX, BRITANNIA,
VOLTAS ,ALLCARGO
Results – MPHASIS,
WONDERLA, TIMKEN,SBI ,KTKBANK,
MRPL
Economic Indicators–
Economic Indicators -
Economic Indicators–
Economic Indicators–
Economic Indicators–
US–
US–Housing Starts
US– FOMC Minutes
US– Jobless Claims, Ex- US– Consumer Price
isting home Sales
Index
26-May-2015
27-May-2015
25-May-2015
Results - JYOTHYLAB,
LYCOS ,BANCOINDIA
Results –
Results - BATAINDIA,
DISHTV,TECHM,BANKIN GODREJIND, TADIA,BHEL
TACHEM, GAIL
Economic Indicators–
Economic Indicators –
Current account
US–
US–Durable goods order, US–
New home sales
01-June-2015
02-June-2015
Economic Indicators–
03-June-2015
28-May-2015
29-May-2015
Results – 3IINFOTECH,
AMARAJABAT, BAJAJELEC, EDUCOMP,
ONGC, RECLTD,
COALINDIA,TATAGLOBAL
Economic Indicators–
Results – M&M, RELIGARE, GLENMARK, IOC,
SUNPHARMA
US– Jobless Claims
US– GDP
04-June-2015
Economic Indicators–
GDP growth rate YOY,
Infrastructure output
05-June-2015
Results -
Results –,
Results -
Results –
Results –
Economic Indicators–
HSBS manufacturing
PMI
Economic Indicators –
RBI Interest Rate Decision
Economic Indicators–
Economic Indicators–
Economic Indicators–
US– Personal income
and Outlays, ISM Mfg
Index
US–
US– International Trade
US– Jobless Claims
US– Employment Situation
Green: Corporate Event, Red: Economic Events, Dark Blue: US Events/ UK Events
(Source: Bloomberg and BSE)
Institutional Research
BP Equities Pvt. Limited (w ww .bpw ealth.com)
BP Equities reports are also available on Bloomberg [BPEP <GO>]
05/20/2015
3
BP WEALTH
Research Desk
Tel: +91 22 61596406
Institutional Sales Desk
Tel: +91 22 61596403/04/05
Disclaimer Appendix
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be directly or indirectly related to the specific recommendation (s) or view (s) in this report. Analysts aren't registered as research analysts by FINRA and might not be an associated person of the BP Equities Pvt. Ltd. (Institutional Equities).
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