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Tuesday, 17 July 2012

Equity tips:Nifty tips Tommorrow


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Share To Buy Tommorrow


Share market India today traded so-so and ended (closed) on a flat note range bounded. Share market was trading quite fine in the morning session, suddenly it started creating selling pressure in the late noon session, which resulted in range bound and flat closing today. While on the other hand the Asian market ended on a strong note, also European share rose.
Share Market View and Outlook For Tomorrow -
Current share market trend is range bound and it seems that it will  not remain the same and tomorrow market opening bell will be in green, FMCG indices and BSE Health care indices were traded in green today and gained some weight in the market. While Bajaj auto, Tatamotors and Tcs where among the biggest looser today. Also the Bse Mid cap and small cap indices have slipped 0.4%
Nifty Trend and Expert Recommendations -
Nifty shut today at : 5192.85 down 4 points, its being traded negative after the late noon session, today nifty opening was quite good and traded in green till the early noon, chances are seen to rise in tomorrow's trading session. For today's share market, The top Nifty gainers Wipro, Dr Reddy, Itc and Sunpharma and   the biggest losers included Reliance, BPCL and Bajaj Auto
Don't be surprise if  Nifty climbs to 5600 in the next month or so. However, we advise long-term investors against buying into the current market because of the lag in fundamentals. 

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Saturday, 14 July 2012

Stock market news update:L&T gains after commencing switchgear facility in Gujarat


Larsen & Toubro gains in early trade  today after the company inaugurated its manufacturing facility for switchgear products at Vadodara in Gujarat on Thursday.
The facility will manufacture air circuit breakers and mould case circuit breakers and the company has targeted to achieve annual revenues of Rs 4,600 crore.
The stock rose 1 percent to Rs 1,422.50 on the Bombay Stock Exchange, while the BSE Sensex was up 104 points, or 0.61 percent at 17,337.
L&T Chairman and Managing Director A M Naik said, “The new Vadodara switchgear facility is an investment for the future. It forms part of the wide ranging initiatives we are taking forward … The facility will enable us to elevate switchgear manufacturing technology to the next level, and advance further in our goal to upgrade India’s manufacturing capabilities.”
Talking about the company, Naik also said that slowdown in the economy has not affected L&T’s plans.
Naik said that it was laudable that the country managed to build fresh capacity to generate about 60,000 MW of power during the 11th five year plan because in the earlier five year plans, additional power generation used to be only about 20,000 to 25,000 MW.
He also stressed the need to address the problem of fuel needed for setting up new power projects or expanding capacities of existing power plants.
Naik who met Akhilesh Yadav after he took over as UP Chief Minister said, “L&T is ready to set up power plants in Uttar Pradesh provided availability of fuel is ensured and other related issues are resolved.”
Naik also recalled his meetings with West Bengal chief minister Mamata Banerjee and Tamil Nadu chief Minister Jayalalithaa, both of whom have welcomed investment by L&T in their states.
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LIC ups stake in Infy to 6.3%, buys shares worth Rs 2k cr


Stock market news
The country’s largest insurer LIC has hiked its stake in Infosys to a record level of 6.3 percent with purchase of shares worth an estimated Rs 2,000 crore in the first quarter of the current fiscal.
Life Insurance Corp of India (LIC), also one of the biggest investors in the Indian stock market, saw its holding in the IT major rise from 4.9 percent to 6.3 percent during the quarter ended 30 June, 2012.
Based on the average market price during the period, the increase in LIC’s Infosys holding could be worth more than Rs 2,000 crore. LIC is the largest non-promoter shareholder of the company.
LIC hiked its stake in Infosys even as a number of foreign investors pared their holding in the IT company—which has been known as the bellwether stock in the Indian IT space till recently, but is now facing growing concerns about its future growth prospects.
Infosys shares fell sharply yesterday after the company disappointed with its first-quarter results and the weakness was seen continuing in the stock even today morning. The stock was down 0.7 percent at Rs 2,250 at the BSE in mid-day trade, as against a 52-week high of 2,990 on 22 February, 2012.
The overall FII holding in Infosys fell from 39 percent to nearly 38 percent during the last quarter, although major investors like Aberdeen, Oppenheimer, Franklin Templeton, Vanguard and Singapore Government’s investment arm raised their stake marginally in the Indian IT firm.
Among the major overseas investors (those holding at least one per cent), only Abu Dhabi Investment Authority pared its stake, that too very marginally from 2.12 percent to 2.08 percent. However, all the FIIs together are estimated to have sold shares worth about Rs 1,500 crore during the quarter.
Concerns are being raised about Infosys’ growth prospects for two quarters now, but state-run LIC appears to be keeping its faith in the company, market observers said. Barring the last quarter of the previous fiscal ended 31 March, 2012, LIC has been mostly raising its stake in Infosys for many quarters now.
LIC had made its first investment in Infosys way back in 2002, when its holding was nearly two per cent. Since then, LIC’s stake has been continuously rising in Infosys and had crossed five per cent mark last year and then rose past 6 percent level during the last quarter. Prior to LIC, the erstwhile Unit Trust of India (UTI)—one of the biggest stock market investors of the country before being wound up—used to be the largest non-promoter shareholder in Infosys.
UTI held a stake of more than 8 percent way back in 2001, but it gradually fell to about one percent by 2003.
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Stock market news update : Nifty will be nervous in results season; not time for big bets


The Nifty index moved in line with expectations and tested the support zone of 5,250-5,260 mentioned in the week before. The market sentiment was spooked by Infosys’ first quarter earnings announced on Thursday. The Nifty opened with a huge gap-down on Thursday and failed to recover thereafter.
The short-term outlook would remain bearish as long as the index trades below the upper end of the gap at 5,300. As highlighted in the chart, the down-sloping blue “Reaction line” has acted as a trend barrier and the index has to clear this line before entertaining thoughts of a further upside potential.
Until 5,300 is taken out, there would be a strong case for a slide to the immediate support at the 5,130-5,160 range. Investors may refrain from committing fresh funds into equities until there is sign of a resumption of the uptrend.
Those already holding long positions may tighten stop-loss levels as volatility could perk-up as we head into the corporate earnings season. Reduce the position size as higher volatility would warrant relatively wider stops than usual.
CNX Bank Index (10,594.45): The index fell 100 points short of the target of 10,880 mentioned last week. After touching a high of 10,782 on Wednesday, the index ruled weak in the remaining two trading sessions. In the attached daily chart, it is apparent that the price has moved in sync with the red set of lines.
The index has almost met its upside expectations and there is a case for a short-term consolidation or downward correction. As long as the index trades below the 11,300-mark, there would be a case for a test of the support zone at 10,100-10,200.
Investors may pare exposures in the banking sector, or at least tighten stops, to protect unrealised profits and await evidence of strength before committing further funds.
USD/INR (Rs 55.20): The US dollar moved in line with expectations and almost reached the target of Rs 56.30-56.50 mentioned last week. The failure to move past the hurdle at Rs 56.30 is a cause of concern for the greenback.
The US dollar is now in the middle of its range and a move past Rs 56.85 or a fall below Rs 54.10 would set the tone for the next big move. Until then, range-bound and volatile action appears likely.
IDFC (Rs 137.40):  The stock, featured earlier in this column on 9 June, has almost hit the then mentioned target of Rs 145. The price action in the past few days indicates that the stock is struggling to make progress beyond the key resistance at Rs 145. See chart here.
The short-term outlook is bearish and those holding long positions may either take profits or tighten stop-loss. Aggressive traders may consider short positions on a rally, with a stop-loss at Rs 145, for a target of Rs 127.
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Friday, 13 July 2012

Indian mkt week ahead: Inflation, earnings key for stocks


Headline inflation data on Monday will be the key cue for stock markets ahead of the Reserve Bank of India's policy review on July 31.
 A Reuters poll forecasts wholesale price inflation likely rose by 7.62% in June from a year ago, the highest this year.
Traders are eyeing the Presidential election scheduled for July 19, as investors hope the poll will mark the start of policy reforms, including a potential hike in diesel prices and reforms in foreign investment for aviation and retail.
April-June earnings will also be closely eyed. Axis Bank reports its results on Tuesday, followed byBajaj Auto on Wednesday.
Kotak Mahindra Bank , Hero MotoCorp and Dr.Reddy's Laboratories will report fiscal first quarter earnings on Thursday.
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Sensex flat amid seesaw trade; Infosys, SBI, Reliance down 
The BSE Sensex shed all its gains as it was trading marginally lower compared to 100 points gains in morning trade. However, European markets extended upmove a bit after Italy successfully sold bonds worth euro 3.5 billion. France's CAC rose 0.5% while Germany's DAX and Britain's FTSE went up 0.7% each.
The BSE benchmark was down 12.3 points to 17,220.25 and the NSE benchmark declined 6.7 points to 5,228.55, even after the Indian rupee gained 66 paise to 55.28 against the US dollar.
 Infosys, country's second largest software services exporter extended losses, falling 1.5% while its rival TCS gained 1.8% after strong numbers in Q1.
Top lender State Bank of India too slipped further, declining 1% and ICICI Bank was down just 0.17% whereas HDFC Bank was off day's high after results, gaining 0.9% compared to intraday spike of 2%.
Metals stocks like Jindal Steel, Hindalco Industries and Sterlite Industries dropped 1.5-2%.
Private power producer Tata Power slipped 1.4%. Top car maker Maruti Suzuki went down 1% and commercial vehicle manufacturer Tata Motors was down 0.4%.
State-owned oil & gas producer ONGC and top telecom operator Bharti Airtel gained 0.8% each.
Two-wheeler major Hero Motocorp rose 1.4%.
In the second line shares, Sintex Industries shot up 2.5% after better than expected profit margin in Q1.
Jain Irrigation, Oracle, United Phosphorous, Piramal Healthcare, Oil India and Mphasis were up 1-1.8%.
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Nifty, Sensex erase gains; Rupee rises 60 paise


Stock market news updates
Indian equity benchmarks were trading off day's high due to fall in Reliance Industries and Infosys. State Bank of India and ITC too were under pressure. However, the buying in HDFC Bank, TCS, HDFC and ONGC was quite supportive
The BSE benchmark went up just 5.5 points to 17,238.03 while the NSE benchmark was down 0.55 points to 5,234.70. The Indian rupee extended recovery, appreciating by 60 paise to 55.33 against the US dollar.
Country's second largest software services exporter Infosys dropped 0.75% due to dismal performance in the quarter ended June 2012. However, its rival TCS stayed 1.77% higher after better than expected earnings in the first quarter.
Index heavyweight Reliance Industries slipped 0.6% and top lender State Bank of India declined 0.4%. FMCG majors ITC and HUL were down 0.2-0.4%.Among metals stocks, Jindal Steel tumbled over 2%. Tata Steel, Sterlite Industries and Hindalco were down 0.9-1.2%.Private sector lender HDFC Bank remained on buyers' radar ahead of results.Shares of HDFC, ONGC, Bharti Airtel, GAIL and Hero Motocorp gained 0.4-1%.The market breadth was slightly in favour of advances; about 1356 shares advanced while 1221 shares declined on the BSE.In the second line shares, SKS Microfinance dropped nearly 7% as the company is likely to incur loss in the first quarter of FY13.Bajaj Corp, Motilal Oswal, Tube Investment, MTNL and SPARC rose 4-6%.
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