Daily Wrap-up

Research Desk –Stock Broking

13th April 2016

Index Watch

Index

Levels

Change

Chg(%)

S&P BSE SENSEX

25626.75

481.16

1.91

NIFTY50

7850.45

141.50

1.84

NIFTYBANK

16278.55

398.35

2.51

INDIAVIX

16.03

0.01

0.06

S&P BSE MidCap

10916.3

98.91

0.91

S&P BSE SmallCap

10943.02

114.78

1.06

S&P BSE FMCG

7820.48

142.88

1.86

S&P BSE IT

11283.18

1.73

0.02

S&P BSE AUTO

18748.94

650.47

3.59

S&P BSE CG

13230.82

128.4

0.98

S&P BSE CD

11693.65

60.08

0.52

S&P BSE METAL

7656.12

160.32

2.14

S&P BSE O&G

9396.82

94.02

1.01

S&P BSE POWER

1872.89

25.24

1.37

S&P BSE REALTY

1281.04

21.27

1.69

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

 

Advance / Decline

Indices

Advances

Declines

NIFTY

43

07

NSE

937

460

 

NSE Turnover (Rs Cr)

 

Equity

F&O

For the Day

19,274.58

3,03,310.74

Monthly  Average

15,444.97

2,21,228.91

 

Nifty: Top Gainers & Losers

      Gainers (%)

 

           Losers (%)

 

M&M

7.38

ZEEL

-1.12

BAJAJ-AUTO

4.97

INFY

-0.57

ICICIBANK

4.96

HCLTECH

-0.46

MARUTI

4.72

ADANIPORTS

-0.26

BHEL

4.56

AUROPHARMA

-0.08

 

Strong global cues and positive monsoon forecast cheers markets

 

A slew of positive data propelled the index higher after a gap up opening was witnessed resulting in a 1.84% gain for the day and a 3.9 % move for the truncated week with a close near its weekly highs at 7850.45. The meteoric move was fuelled by the Auto sector that closed with mammoth gains of over 7% for the week, followed by the Banks, Metals and FMCG that were seen supporting the markets today. Barring Media all the sectors closed in the green. With the Advance/ Decline quoting at 43:7 for the index, indicating it was rally that witnessed participation across the board.

 

On the global front, it was a sea of green with the Asian stocks closing with gains of 0.55% to 3.0% post Chinese exports data that saw a jump of 11.5 % YoY in March -the first increase since June, well above market forecasts, and a huge improvement on February along with oil prices that rose to the highest levels for this year. European markets are following suit quoting gains of more than 1.5% - 2%. Technically, Nifty has breached the resistance at 7780-7800 and closed well above it, opening higher levels of 7900 and 8000 where as immediate support has now moved up to 7720-7770 and below that at 7650 from a short term perspective.

News Onboard

 

Shilpa Medicare receives GMP compliance certificate for two API sites in Karnataka:

Shilpa Medicare has received GMP compliance certificate for two API sites from PMDA-Japan. The unit -1 is situated at Deosugur Industrial Area, Karnataka and unit -2 is situated at Plot nos. 33, 33A, 40 to 47, Raichur Industrial growth Centre, Karnataka.

 

Kaveri Seed rises on commencing operations at new facility:

Kaveri Seed has commenced operations at its new facility located at Molangur Village, Shankarapatnam Mandal, Karimnagar District in the state of Telangana. The new facility is spread across 14 acres with a built-up area of around 1,95,000 sq. feet. It has installed capacity of 10 to 20 tonnes (paddy/maize) of production per hour based on the crop, the company said in a release.

                                                                                        

Sanghvi Forging & Engineering bags orders worth Rs 12 crore:

Sanghvi Forging & Engineering (SFEL) has received orders worth Rs 12 crore. The fresh orders have come in from Oil & Gas and Power sectors. The majority of the orders received by the company are for its new heavy open die forging plant.The company’s newly started heavy open die forging unit with the capacity of 15000 MTPA has increased the company’s forging capacity fivefold. The company is receiving good amount of orders from Oil & Gas, Power and Irrigation sectors for its new plant. The new plant is equipped with Product, Quality approvals from all major Industrial sectors i.e. Petrochemicals, Power, Oil & Gas, Defence, Aerospace sectors.

 

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Volume Shockers

Symbol

Volume

Last 1 week

Avg  Volume

Chg (%)

SHILPAMED

938985

9046

10279.5

SHALPAINTS

519268

14934

3377

MUNJALAU

806100

27190

2864.6

ATLASCYCLE

458760

26140

1655

CUB

3308001

260390

1170.4

MONTECARLO

427915

37579

1038.7

ADANITRANS

5705090

506941

1025.4

EXIDEIND

5250083

735570

613.7

PTC

7045701

1002749

602.6

SHILPAMED

938985

9046

10279.5

 

Advance / Decline

Commodity

LTP (USD)

Chg (%)

Crude / bbl

41.53

-1.52

Gold / Oz

1246.60

-1.13

Silver / Oz

16.06

-1.00

 

Exchange Rates

  Symbol

       LTP

Chg (%)

USD / INR

66.73

+0.26

EURO / USD

1.13

-0.64

USD / JPY

109.19

+0.60

 

Indian Economic Indicators

Indicator

Rates (%)

IIP (FEB)

2.00

Inflation (MAR)

4.83

GDP

7.30

CRR

4.00

SLR

21.25

Repo Rate

6.50

Reverse Repo

6.00

Buzzing Stocks

 

ü  M&M surged over 8.5% on hopes that the tractor and utility vehicle maker will see stronger sales following the meteorological department's forecast of above average monsoon rains this year.  Normal monsoon rains, after two back-to-back droughts, are likely to boost agricultural productivity and farm income, which will be a big positive for companies such as M&M, traders said. Tractor sales had contributed nearly 28 per cent to M&M's overall revenue in 2014-15 financial years. 

 

ü  Wipro gained almost 4% intraday ahead of board meeting for discussion of buyback proposal next week. Analysts expect the buyback of shares to be around 2.5 percent of total paid-up equity.

 

ü  Lux Industries close to 4 % intraday as the company has approved the sub-division of its equity shares. The company at its meeting held on April 12, 2016, has approved and recommended the sub division of the equity shares of the company from Rs 10 to Rs 2 per equity share. The company's extra-ordinary general meeting will be held on May 25, 2016.

 

ü  Bajaj Corp tanked 5 % intraday after the company reported a marginal decline in its standalone net profit as well as sales for the fourth quarter ended March 31, 2015-16. The company reported a marginal decline in standalone net profit at Rs. 54.02 crore for the January-March period of the last fiscal ended March 31, 2016..

 

 

 

Event Tracker

 

Domestic

15 Apr

:  Balance of Trade (Mar)

18 Apr

:  WPI Inflation  (YoY) (Mar)

International

14 Apr

: US Inflation Rate (YoY) (Mar)

15 Apr

: China GDP Growth Rate YoY (Q1)

 

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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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