Daily Wrap-up

Research Desk –Stock Broking

11th March 2016

 

 

Index Watch

Index

Levels

Change

Chg (%)

S&P BSE SENSEX

24717.99

94.65

0.38

NIFTY

7510.20

24.05

0.32

BANKNIFTY

15168.20

-12.45

-0.08

INDIAVIX

17.09

-0.80

-4.45

S&P BSE MidCap

10270.7

8.61

0.08

S&P BSE SmallCap

10277.99

-16.97

-0.16

S&P BSE FMCG

7504.96

91.68

1.24

S&P BSE IT

10828.87

-1.72

-0.02

S&P BSE AUTO

17240.54

72.31

0.42

S&P BSE CG

12283.58

30.80

0.25

S&P BSE CD

11611.87

-8.80

-0.08

S&P BSE METAL

7479.94

-52.13

-0.69

S&P BSE O&G

8746.37

43.41

0.50

S&P BSE POWER

1702.95

-7.94

-0.46

S&P BSE REALTY

1179.45

-3.55

-0.30

*CD-Consumer Durables || CG- Capital Goods.

 

Advance / Decline

Indices

Advances

Declines

NIFTY

27

22

NSE

645

897

 

NSE Turnover (Rs Cr)

 

Equity

F&O

For the Day

15,606.61

2,63,427.45

Monthly  Average

18,220.64

2,29,616.78

 

Nifty: Top Gainers & Losers

Gainers (%)

 

Losers (%)

 

CAIRN

4.30

IDEA

-2.20

HINDUNILVR

2.20

KOTAKBANK

-1.62

ADANIPORTS

2.01

TECHM

-1.53

LUPIN

1.99

POWERGRID

-1.15

ZEEL

1.83

TATASTEEL

-0.71

Nifty ends the week on a muted note

 

Markets remained choppy throughout the day ahead of ECB meet and closed lower by 45.65 points or 0.61% to shut shop at 7486.15. During the day, rally was seen in the upstream Oil companies due to jump in crude oil prices and Union Cabinet clearing Hydrocarbon, Exploration & Licensing Policy.  ONGC, OIL India traded higher on the bourses. The sectors which outperformed the broader indices include Financial Services, Metal, Pharma, Media and Auto and the sectors which underperformed include Energy, FMCG, Banks and Realty. Cairn, Hindalco, HDFC, Asian Paint and Maruti were the leaders on Nifty, while Reliance, BHEL, INFY, GAIL and Bank of Baroda remained laggards. The advance and decline ratio in the Nifty stood at 27:22 and one remained unchanged.

 

At the time of writing this report, European markets were trading from flat to negative and the Asian markets gave a close at flat to positive.

 

Technically, the immediate support is placed around 7434 levels and the next support is placed around 7384 levels. On the higher side, the immediate resistance is placed around 7534 and the next resistance is placed around 7584-7600 levels.

 

News Onboard


Power Grid to transfer its entire equity held in POSOCO to GoI:

Power Grid Corporation of India has received an approval for transfer of entire equity held by the company in POSOCO to the Government of India at the agreed purchase consideration.

 

HCC bags contract worth Rs 635 crore:

Hindustan Construction Company has been awarded Rs 635 crore contract by NTPC to construct Head Race Tunnel for Tapovan Vishnugad Hydro-electric Power Project on the River Dhauliganga in Chamoli District of Uttarakhand.

 

Dr. Reddy’s enters into strategic collaboration with TR-Pharm:

Dr. Reddy's has entered into strategic collaboration with TR-Pharm, involving 3 biosimilar products. A total of three products will be registered and subsequently commercialized as a part of this agreement by TR-Pharm in Turkey.

 

 

 

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Daily Wrap-up

 

 

Volume Shockers

Symbol

Volume

Last 1 week

Avg  Volume

Chg (%)

PURVA

1133827

38382

2854.00

VADILALIND

321779

13046

2366.40

BALKRISIND

348260

26246

1226.90

JMTAUTOLTD

298434

23918

1147.70

UFO

249746

21295

1072.80

AJMERA

416543

39965

942.30

NH

530108

51743

924.50

KOLTEPATIL

709152

75510

839.10

IL&FSTRANS

952510

113897

736.30

KALPATPOWR

208586

30434

585.40

 

Commodities

Commodity

LTP (USD)

Chg (%)

Crude / bbl

37.93

-0.94

Gold / Oz

1250.80

-0.52

Silver / Oz

15.34

-0.20

 

Exchange Rates

  Symbol

       LTP

Chg (%)

USD / INR

67.33

0.08

EURO / USD

1.1097

-0.72

USD / JPY

113.84

0.57

 

Indian Economic Indicators

Indicator

Rates (%)

IIP (Dec)

-1.30

Inflation (Jan)

5.69

GDP

7.30

CRR

4.00

SLR

21.50

Repo Rate

6.75

Reverse Repo

5.75

Buzzing Stocks

 

ü  Ajmera Realty went up by 10%, after the Realty Bill was passed in the Rajya Sabha. The following Act will lead to the creation of a real estate regulator to protect the interest of buyers by providing a uniform regulatory environment. This will also ensure that a level field for developers.

 

ü  Welspun Corp rallied by 6%, after the company got an order from the Middle East to supply around 200 MT’s pipes for an offshore project. With this addition of this order, the current order book of the company has crossed 1136 K MT’s worth Rs. 6,500 crore.         

 

ü  GodrejCP surged by 4%, after the company acquired 39% additional stake in DGH Phase Two Mauritius, owning Style Industries, Kenya. The company through its subsidiary has increased its stake from 51% to 90%.

 

ü  DISHTV soared by 4%, after the company has entered into a partnership with Panasonic India to make HDTV viewing experience larger than life for its new subscribers. With this new partnership the new HD+ connection would be available at just Rs. 999 with one month free subscription of New Super Family/ Jumbo Family Pack+Full HD pack.

 

 



 

Event Tracker

 

Domestic

11 Mar

:  Foreign Reserves

11 Mar

:  Manufacturing & Industrial Production YoY

 

 

International

08 Mar

: CN Balance of Trade FEB

 

 

 

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KARVY RESEARCH DESK – STOCK BROKING

QUERIES & FEEDBACK

JK Jain

Toll-Free: 1800 425 8283

Head Research

Email ID: service@karvy.com

Karvy Stock Broking Limited : “Karvy Centre”, Avenue-4, 2nd Floor, Road No: 10, Banjara Hills, Hyderabad – 500 034. India.

Tel: 91-40-23312454; Fax: 91-40-23311968

 

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