DAILY MARKET ANALYSIS FOR 02/May/2013

ECONOMY ANALYSIS

TVS Motor posts Q4 loss at Rs 33cr on Europe provisions 

Godrej Consumer Q4 net up 73% on exceptional gain

NTPC has outstanding dues of Rs 2,839 cr towards CIL: Govt

Petronet says keen to buy stake in Gujarat LNG terminal 

Offer of Rs 600/shr for HUL fair; won't raise it: Unilever

Hero Motocorp up 5% as Q4 earnings surprise

MARKET ANALYSIS


The S&P BSE Sensex pulled back in the afternoon and gained momentum to close near the 19,500 mark on Tuesday, led by gains in Hindustan Unilever, Sterlite Industries and Mahindra & Mahindra.

The 30-share index ended at 19,489.57, up 102.07 points or 0.53 per cent. It touched a high of 19,622.68 and a low of 19,317.38 in trade today.

The Nifty closed at 5,926.15, up 22.05 points or 0.37 per cent. It touched a high of 5,962.30 and a low of 5,867.80 in trade today.

Hindustan Unilever (17.28 per cent), Sterlite Industries (4.03 per cent), M&M (2.24 per cent), Wipro (1.75 per cent) and Coal India (1.64 per cent) were among the top Sensex gainers.

Shares of Hindustan Unilever were in limelight and were trading above 200 DMA after the parent company Unilever announced open offer at Rs 600 per share to increase stake in the company to 75 per cent.

MAJOR INDICES
                                                      INDIAN MARKETS
                      INDEX               CLOSE              CHANGE %              CHANGE
                  SENSEX             19504.18                 116.68                      0.60
                     NIFTY               5930.20                    26.10                       0.44
            BANK NIFTY             12561.55                   -47.60                     -0.38
                                                     ASIAN MARKETS
                    INDEX                                CLOSE                                   CHANGE
                    NIKKEI                              13860.86                                   -23.27
     STRAITS TIMES                                3368.18                                      6.26
           HANG SENG                              22737.01                                  156.24
       TAIWAN INDEX                                8093.66                                    63.92
                    KOSPI                                 1963.95                                    23.25
                                                    EUROPEAN MARKET
                  INDEX                                CLOSE                                     CHANGE
                     FTSE                               6452.40                                        -5.62
                      CAC                               3863.83                                        -4.85
                       DAX                              7923.88                                        50.38
                                                         US MARKETS

                     INDEX                              CLOSE                                    CHANGE

       DOW FUTURES                           14747.00                                       -1.00
 NASDAQ FUTURES                             2858.50                                       -0.25

DAILY MARKET ANALYSIS FOR 25/04/2013

ECONOMY ANALYSIS


HDFC Bank Q4 net up 30% at Rs 1890 cr, meets forecast

RCom ties up with Twitter to launch prepaid plan

Indiabulls Housing Finance FY13 net up 26% to Rs 1,266 cr

Yes Bank estimates FY14 GDP at 5.9%, sees 50bps cut by RBI 

Wipro sinks as Q4 revenue growth, Q1 guidance disappoint 

Airtel deal day: Buys Warid Uganda; inks pact with RIL

MARKET ANALYSIS


The Nifty pared intraday losses and closed flat on Tuesday ahead of April series F&O expiry as buying activity picked up in defensives like pharmaceuticals and technology sectors. 

The 50-share index closed at 5,835.30, up 0.90 points or 0.02 per cent. It touched a high of 5,844.30 and a low of 5,791.55 in trade today.

The S&P BSE Healthcare Index was up 0.65 per cent, the S&P BSE IT Index was 0.53 per cent higher and the S&P BSE Oil & Gas Index moved up 0.53 per cent. The S&P BSE Capital Goods Index was down 1.20 per cent, the S&P BSE Realty Index fell 0.86 per cent and the S&P Metal Index declined 0.42 per cent. 

Bajaj AutoBSE 2.40 % (2.93 per cent), Hero MotoCorpBSE 2.87 % (2.66 per cent), Sun PharmaBSE 2.51 % (2.58 per cent), Kotak BankBSE 2.11 % (2.14 per cent) and Grasim (1.76 per cent) were among the top Nifty gainers.

MAJOR INDICES 

                                                               INDIAN MARKETS

                            INDEX               CLOSE             CHANGE %          CHANGE

                            SENSEX            19179.36                9.53                   0.05

                            NIFTY                   5836.90                 2.50                  0.04

                            BANK NIFTY       12543.40            -32.80                 -0.26

  

                                                                ASIAN MARKETS

                          INDEX                         CLOSE             CHANGE

                          NIKKEI                        13529.65            38.72

                         STRAITS TIMES         3284.35               24.57

                         HANG SENG               21806.61            237.76

                         TAIWAN INDEX          7942.77               27.61

                         KOSPI                          1918.63               7.68

EQUIRY MARKET ANALYSIS FOR 16/04/2013

ECONOMY ANALYSIS

Infosys shares rebound from steep fall on value buying

Wholesale inflation dips to 5.96% in March; a 40-month low
  
Jet Airways to dilute stake via OFS route: Sources

ONGC may find more oil in Mumbai's D1 block

Govt will sell $5.3bn in debt quotas to foreign investors

Banks extend gains on hopes of rate cut on May 3

MARKET ANALYSIS

The S&P BSE Sensex ended the first day of the week on a positive note on hopes of interest rate cut after March WPI inflation fell to a 3-year low of 5.96 per cent.

The 30-share index ended at 18,334.63, up 92.07 points or 0.50 per cent. It touched a high of 18,424.40 and a low of 18,144.22 in trade today.

The Nifty closed at 5,557.50, up 28.95 points or 0.52 per cent. It touched a high of 5,592.85 and a low of 5,500.30 in trade today.  

The S&P BSE Midcap Index was up 0.07 per cent and the S&P BSE Smallcap Index gained 0.37 per cent.


The S&P BSE Oil & Gas Index surged 2.45 per cent, the S&P BSE Bankex was up 0.98 per cent and the S&P BSE FMCG Index gained 0.83 per cent. The S&P BSE Metal Index was down 1.42 per cent and S&P BSE Auto Index was 1.06 per cent lower. 

NIFTY UPDATES TODAY ~ Intraday Stock Tips 10 April 2013

ECONOMY ANALYSIS:

• TCS buys Alti for Euro 75m; sees deal closure by Q1-end
• Sun TV expects Q4 ad revenue growth below 20%: CFO 
• Hearing on Sterlite copper smelter deferred until Friday 
• Cairn India strikes oil in Rajasthan, stock up 2.6%
• Hexaware hopes to get 19-20% EBITDA by 2013-end
• Factory output seen at 0.7% in February: Poll

MARKET ANALYSIS:

• The S&P BSE Sensex reversed intraday gains in the afternoon and plunged over 200 points as foreign institutional investors booked profits for fifth consecutive day on Tuesday. 
• The S&P BSE Sensex closed at 18,218.80, down 218.98 points or 1.19 per cent. It touched a high of 18,565.56 and a low of 18,206.61 in trade today. 
• The Nifty closed at 5,490.80, down 52.15 points or 0.94 per cent. It touched a high of 5,603.05 and a low of 5,487 in trade today. 
• Among the sectoral indices, the S&P BSE IT Index fell 1.98 per cent, the S&P BSE Oil & Gas Index was down 1.72 per cent, the S&P BSE Realty Index was 1.39 per cent lower and the S&P BSE Power Index slipped 1.31 per cent. The S&P BSE Auto Index was up 0.33 per cent. 
• WiproBSE -12.19 % (12.19 per cent), ONGCBSE -2.91 % (2.91 per cent), Tata PowerBSE -1.97 % (2.44 per cent), InfosysBSE -2.36 % (2.36 per cent) and SBIBSE -2.30 % (2.30 per cent) were among the top Sensex losers.

NIFTY UPDATES TODAY ~ Intraday Stock Tips 09 April 2013

ECONOMY ANALYSIS:

• Wipro likely to move up post demerger: Edelweiss 
• TVS Motor, BMW to jointly develop motorcycles
• Power Grid approves 7 investment proposals worth Rs 3451cr
• BHEL FY13 prov net profit beats estimates, stock up 2.6% 
• Hexaware hopes to get 19-20% EBITDA by 2013-end
• MTNL up 3% on buzz of revival plans 10

MARKET ANALYSIS:

• The S&P BSE Sensex ended a lackluster session on a flat-to-negative note on Monday in absence of buying interest ahead of fourth quarter results. Gains in FMCG, oil & gas and healthcare were offset by losses in technology, capital goods and banks. 
• Shares of Bharti AirtelBSE 3.90 % surged nearly higher in trade after the Supreme Court allowed the telecom companies to continue 3G pacts until next hearing on April 11. 
• The 30-share index ended at 18,441.27, down 8.96 points or 0.05 per cent. It touched a high of 18,504.48 and a low of 18,402.93 in trade today. 
• The Nifty closed at 5,545.20, down 8.05 points or 0.14 per cent. It touched a high of 5,569.20 and a low of 5,537.05 in trade today. 
• Among the sectoral indices, the S&P BSE FMCG Index was up 0.83 per cent, the S&P BSE Oil & Gas Index was up 0.65 per cent and the S&P BSE Healthcare Index gained 0.55 per cent.

Nifty Updates ~ Weekly Share Market Report 08 April 2013

NEWS INSIGHT:

• RIL plans to borrow $2 billion to refinance debt
• Infosys' S Gopalakrishnan is the new CII President
• Vodafone, Idea asked to stop 3G pact, fines imposed
• Bajaj Auto plans to roll out 5,000 units of RE-60
• Maruti Suzuki faces Rs 3.4 thousand crore rap on costly spares

NIFTY ANALYSIS:

• Positional Immediate support for NIFTY is 5524 and positional Resistance for NIFTY is 5652 5663 5716 5764 5814 5858 5872 5898 5901 .
• Intraday Resistance of NIFTY are 5576.6/5596/5647.9/5667.9/5705.7/5743.7
• Intraday Support of NIFTY are 5529.9/5510.5/5463/5443.4/5406.5/5369.6
• Oscillator Analysis The oscillator is showing SELL signal
• Short Term Oscillator Analysis- and NIFTY in oversold region.

NIFTY OUTLOOK ~ Intraday Share market Updates for Monday 08 April 2013

ECONOMY ANALYSIS:

• Government's $15bn Rafale deal may be delayed 
• Adani Power set to commission 3rd unit in Tiroda in April
• Shriram City picks banks for $182m share sale: Sources 
• RB Infra founder Mhaiskar buys 2.7 lakh shares, stock up 
• Hexaware hopes to get 19-20% EBITDA by 2013-end
• Diageo's open offer for United Spirits shares to start April 10

MARKET ANALYSIS:

• The S&P BSE Sensex extended losses for third straight day on Friday as sentiment turned bearish after institutional investors turned sellers. FMCG, capital goods, power and realty were among the major sectoral losers. 
• The 30-share index ended at 18,426.14, down 83.56 points or 0.45 per cent. It touched a high of 18,525.45 and a low of 18,389.29 in trade today. 
• The Nifty closed at 5,545, down 29.75 points or 0.53 per cent. It touched a high of 5,577.30 and a low of 5,534.70 in trade today. 
• The S&P BSE Midcap Index edged 0.01 per cent lower and the S&P BSE Smallcap Index slipped 0.11 per cent. 
• Among the sectoral indices, the S&P BSE FMCG Index fell 1.93 per cent, the S&P BSE Capital Goods Index was down 0.79 per cent, the S&P BSE Power Index was 0.76 per cent lower and the S&P BSE Realty Index slipped 0.41 per cent. The S&P BSE Oil & Gas Index was up 1.61 per cent, the S&P BSE Auto Index was up 0.59 per cent and the S&P BSE Metal Index advanced 0.16 per cent. 

NIFTY UPDATES ~ Intraday Share Tips for Today 05 April 2013

ECONOMY ANALYSIS:

• NALCO has aligned price in-line with global trend: BL Bagra 
• Nifty may drift to 5400-5250; stick to defensives
• DLF to sale wind biz for Rs 300cr; stock down 
• RIL parks over Rs 800 cr in Anil-led Reliance Group MFs 
• Hexaware hopes to get 19-20% EBITDA by 2013-end
• Late FII selling on Wed triggers outflow concerns

MARKET ANALYSIS:

• The Nifty corrected sharply for second straight session and closed below 200-DMA as foreign institutional investors and ETFs were seen unwinding long positions ahead of the fourth quarter earnings season. The index plunged over 1.7 per cent, its biggest percentage loss since February 28. 
• The 50-share index ended at 5,573.10, down 99.80 points or 1.76 per cent. It touched a high of 5,644.45 and a low of 5,565.65 in trade today. 
• The S&P BSE Sensex closed at 18,485.78, down 315.86 points or 1.68 per cent. It touched a high of 18,733.62 and a low of 18,473.85 in trade today. 
• The S&P BSE Midcap Index was down 1.87 per cent and the S&P BSE Smallcap Index fell 2.04 per cent. 
• Among the sectoral indices, the S&P BSE Realty Index fell 3.45 per cent, the S&P BSE IT Index was 2.56 per cent lower, the S&P BSE Bankex declined 2.04 per cent and the S&P BSE Metal Index was 1.95 per cent lower.

NIFTY OUTLOOK ~ Share market Updates & Tips Today 04 April 2013

ECONOMY ANALYSIS:

• Honda eyeing Bajaj, Hero's lunch; aims 43% growth in FY14
• Adani Power, Tata Power, Rel Power up on CERC ruling
• Construction drives China March services PMI higher
• RIL parks over Rs 800 cr in Anil-led Reliance Group MFs 
• Economic downturn temporary; will carry reforms ahead: PM

MARKET ANALYSIS:

• Ending a four-day upsurge, the BSE benchmark Sensex today fell 239 points on profit-booking by funds in heavy-weights led by auto and telecom sectors amid concern over lower fourth quarter earnings and a weak global trend. 
• The Sensex dropped 239.31 points, or 1.26 per cent to 18,801.64. It had touched the day's low of 18,721.72. The index had gained 360 points in last four trading sessions. 
• Similarly, the broad-based National Stock Exchange index Nifty plunged 75.20 points, or 1.31 per cent, to 5,672.90, after falling to 5,650.10
• Automakers lead falls on concern over slowing vehicle sales and the sector index dropped 2.23 per cent to 9,729.57 led by stocks of Tata MotorsBSE -3.45 %, Bajaj AutoBSE -3.68 % and Maruti SuzukiBSE -0.24 %. 
• Bharti Airtel, the biggest mobile-phone services provider fell by 3.95 per cent to Rs 280.65 and Tata Telecom by 1.46 per cent to Rs 8.76 amid fears telecom companies struggling to control costs prices. 

NIFTY OUTLOOK ~ Share Market Updates for Tomorrow 03 April 2013

ECONOMY ANALYSIS:

1. Bajaj Auto sees slow growth continue in April-June: MD
2. Honda to spend Rs 2500 cr on Rajasthan plant
3. SC imposes Rs 100 crore fine on Sterlite
4. Current account deficit to touch 4% by Mar '14
5. UB Holdings hits new 52-week low, locks at 5% lower circuit
6. Ramky Infra bags order of Rs 387cr, stock up 13%

MARKET ANALYSIS:

1. Rising for the fourth day in a row, the BSE benchmark Sensex today regained 19,000 level after two weeks by adding 176 points on sustained buying by funds on optimism of more economic reforms amid a firming global trend. 
2. The Sensex closed 176.20 points higher, or 0.93 per cent to 19,040.95, a level last seen on March 18. The index had gained 183 points in last three sessions. 
3. Similarly, the broad-based National Stock Exchange index Nifty rose by 43.70 points, or 0.77 per cent, to 5,748.10. 
4. The upsurge was led by trend-setter Reliance Industries, and pharma major Sun Pharmaceuticals on reports of drugs price hike. The RILBSE 2.03 % shot up by 2.03 per cent to Rs 793.95 and Sun Pharma by 4.61 per cent to Rs 851.50.
5. Rcom spurted by 10.86 per cent to Rs 63.30, after the company struck a Rs 1,200-crore deal with Mukesh Ambani-led Reliance Industries' telecom.

NIFTY UPDATES ~ Intraday Stock Tips for Today 02 April 2013

The Sensex has supports at 18,790 and 18,680 and resistances at 18,960 and 19,050. The Nifty spot has supports at 5,670 and 5,640 and resistances at 5,720 and 5,755.

The Nifty had a positive day which I would treat as a day of consolidation. The up move is still intact and we are at a point where we could see a further rally of 100 to 150 points in the run up to the results season, One can have a stop loss at 5,675 and go long for immediate targets of 5,780-5,800.

Intraday Share Market Updates for Tomorrow 02 April 2013

ECONOMY ANALYSIS:

• India can absorb $50 bn in FDI per year: P Chidambaram
• M&M posts 11% jump in March sales
• GMR Group completes sale of Singapore unit
• Domestic air traffic falls in first two months of 2013
• UB Holdings hits new 52-week low, locks at 5% lower circuit
• HAL FY'13 turnover at Rs 14,316 crore

MARKET ANALYSIS:

• The Sensex extended its pull-back rally and closed with modest gains in absence of cues from Asian peers. Gains in realty, capital goods and healthcare were offset by losses in metals, auto and FMCG sectors.
• Rally was seen in stocks from education sector after the recent sharp correction. Core Education surged 25.02 per cent, MT Educare moved 6.88 per cent higher, Everonn EducationBSE 8.67 % was up 8.96 per cent and the Educomp SolutionsBSE 2.31 % moved 1.75 per cent higher.
• The 30-share index ended at 18,846.81, up 11.04 points or 0.06 per cent. It touched a high of 18,959.48 and a low of 18,796.60 in trade today.
• The Nifty ended at 5,699.75, up 17.20 points or 0.30 per cent. It touched a high of 5,720.95 and a low of 5,675.90 in trade today.
• The S&P BSE Midcap Index gained 1.21 per cent and the S&P BSE Smallcap Index surged 2.32 per cent.
• Among the sectoral indices, the S&P BSE Realty Index surged 5.01 per cent, the S&P BSE Capital Goods Index was up 1.55 per cent.