ATS Morning Note Mar

4 downloads 178 Views 489KB Size Report
Mar 28, 2017 - The Bombay Stock Exchange Sensex hit its high of 29,145.62, but shed 145 points by the end of the trading
Morning Note

rd

MARKET ROUND UP Mar03 , 2017 Indian Markets Indian bourses reached their record highs in a span of two-years before reversing their gains during trade on Thursday. The Bombay Stock Exchange Sensex hit its high of 29,145.62, but shed 145 points by the end of the trading session. The Nifty closed at 8,899 points after touching 8,976 at 9.31am. While favourable Gross Domestic Product numbers and global cues were responsible for the record performances, cues from profit booking and Brexit fears reversed the pattern. Stakeholders in several sectors including real estate, power, banking, oil and gas, pharma and FMCG shares underwent selling pressure. On the Nifty index, Idea Cellular, Adani Ports, State Bank of India, Power Grid, ITC, Axis Bank, Sun Pharma and HDFC Bank trailed the performers’ list during the day’s trade. US & European Markets US stocks retreated on Thursday, led by financial stocks, while Caterpillar shares dropped following news that federal officials searched its Illinois facilities. Financials led the decline among sectors in the S&P 500, which had its biggest daily percentage decline since January 30. The S&P financial index fell 1.5 percent in its biggest daily drop since mid-January. Bank stocks had surged on Wednesday on increased expectations that the Federal Reserve will hike interest rates this month. The S&P 500 and the Nasdaq had their best day since the November election after US President Donald Trump's measured tone in his first speech to Congress lifted optimism. Several Fed officials this week have stoked expectations of an interest rate hike this month as the economy strengthens. Fed Chair Janet Yellen is set to speak on Friday and could provide the strongest indication about a move in coming weeks. The Fed's next policy-setting meeting is set for March 14-15. The European markets remained locked in a tight range throughout Thursday's session, following yesterday's strong rally. The markets fluctuated between small gains and losses throughout the session and finished with mixed results. The panEuropean Stoxx Europe 600 index advanced 0.01 percent. The Euro Stoxx 50 index of euro zone blue chip stocks decreased 0.16 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, added 0.07 percent. Asian Markets

Key Indices SENSEX Nifty 50 DJIA DAX FTSE 100 NIKKEI KOSPI Composite SSE Composite

The dollar index, which measures the greenback against a basket of six major currencies, was last up about 0.4 per cent at seven-week highs, helped by data as well as rate hike bets. Outlook Indian markets are expected to open with negative bias following the negative cues from US and Asian markets.

Nifty 8862 8847 8932 8957

Support Resistance

Sector Indices NIFTY BANK NIFTY ENERGY NIFTY INFRA NIFTY IT NIFTY PHARMA NIFTY MIDCAP 100

Top Gainers (NSE) TATAMOTORS BAJAJAUTO ULTRACEM

Top Losers (NSE) IDEA NTPC BPCL

Index 20560.05 11172.30 2953.00 10741.60 10541.10

% Chg -1.08 -0.93 -1.39 -0.06 -1.49

16289.10

-1.51

CMP (Rs)

% Chg

461.30 2835.00 3818.60

+2.64 +3.38 +2.35

CMP (Rs)

% Chg

109.55 155.85 631.00

-3.27 -2.56 -4.31

Price (Rs)

52 Week High CAIRN INDIA DCB BANK

300.00 158.30

52 Week Low

Price (Rs)

Asian equity investors stepped back from Thursday’s gains, following U.S. shares lower as Janet Yellen prepares to weigh in on the path for interest rates. The dollar weakened after its longest winning streak since May. Currencies

Index % Chg 28839.79 -0.50 8899.75 -0.51 21045.00 +0.92 12059.57 -0.06 7382.35 -0.01 19537.58 -0.14 2079.14 -1.13 3210.02 -0.62

-

-

Volatility Index

Nifty

INDIA VIX

13.36

Change % -0.21

Net Flows (Cr)

Net FII

Net DII

Feb 20

122.94

-83.21

Interest Rates 10 Yr bond yield

Exchange Rates USD/INR EUR/INR

Value

Change %

6.845

+0.00

Value % Chg 66.70 70.30

-0.18 -0.04 1

News Flash Economy News 







Software services industry lobby Nasscom today said it expects the sector to grow at 8-10 percent next financial year but added that a clearer picture will emerge only over the next two to three months. "We gave the projection to media last November. Now between November and February...now March, not much has changed that I can change my projection. So, I have given the projection on behalf of Nasscom that the growth will be 8 to 10 percent," Nasscom chairman CP Gurnani told reporters. The GST levy may go up to 40 percent after the GST Council proposed raising the peak rate in the Bill to 20 percent, from the current 14 percent, to obviate the need for approaching Parliament for any change in rates in future. The model Goods and Services Tax Bill will replace the clause which states the tax rate "not exceeding 14 percent, with "not exceeding 20 percent" when it comes up for debate in Parliament during the second phase of Budget session beginning next week. The change in the peak rate will not alter the 4-slab rate structure of 5, 12, 18 and 28 percent agreed upon last year for the moment, but is only a provision being built into the model law to take care of contingencies in future, two officials in the know told PTI. Deputy Chairman of the Supreme Court- appointed SIT on black money, Justice Arijit Pasayat, today said Rs 70,000 crore of black money has been unearthed so far and the sixth report on it will be submitted to the apex court in April. Sugar production fell by 19 percent to 16.24 million tonnes during the first five months of the 2016-17 marketing year ending September on lower cane supply in drought-hit states like Maharashtra and Karnataka.

For forthcoming Board Meeting, click on the following link http://www.bseindia.com/corporates/board_meeting.aspx? expandable=0

Corporate News 



 



Snap started trading at USD 24 a share on the New York Stock Exchange on Thursday, soaring more than 40 percent from its pricing. The company, trading under the ticker SNAP, priced its 200 million share public offering at USD 17 a share on Wednesday. The IPO was 12 times oversubscribed, sources said. Swiss pharma major Roche cannot prima facie have a say against the sale and marketing of breast cancer medicines of drug firms Biocon and Mylan once the Drugs Controller General of India (DCGI) has approved it, Delhi High Court said. Coal India registered a healthy 6.5 percent growth in coal production to clock 54.30 million tonnes in February, this year compared to 50.98 million tonnes achieved in the corresponding period, last year. Shares of Cadila Healthcare fell over 7 percent intraday as investors turned bearish after the company received observations from US drug regulator. Biocon will see two crucial inspections later this month and in early April. Company’s manufacturing sites will come up for inspections by the European medicines agency later this month and next will be an inspection by the US FDA, say sources. This is an important development for the company. US FDA in January and February had accepted two applications of Biocon for Pegfilgrastim and Trastozomab. 2

Commodities News 



Oil prices fell more than 2 percent on Thursday after Russian crude production remained unchanged in February, showing weak compliance with a global deal to curb supply to tighten the oversupplied market. Russia's February oil output was unchanged from January at 11.11 million barrels per day (bpd), energy ministry data showed, with cuts remaining at 100,000 bpd or just a third of the levels pledged by Moscow under the agreement with the Organization of the Petroleum Exporting Countries. Brent futures ended the session $1.28, or 2.3 percent, lower at $55.08 per barrel and U.S. crude settled down $1.22, or 2.3 percent, at $52.61. A stronger dollar also weighed on green-back denominated oil, making it more expensive for buyers in other currencies. The dollar rose to seven week highs against a basket of currencies after hawkish comments by a Federal Reserve official encouraged investors to expect a near-term interest rate hike. In heavy volumes, gold suffered its worst trading day of 2017 on Thursday as the metal comes under pressure from a rise in the US dollar and a looming interest rate hike in the US.BGold for delivery in April, the most active contract on the Comex market in New York with over 24m ounces traded by early afternoon, slumped to a low of $1,231.90, down 1.5% from yesterday's close. Year-to-date the metal is still sporting gains of nearly 7%.

Commodity Pivot Table 03/03/2017

Scrip ALUMINIUM

31-Mar-17

CARDAMOM COPPER CRUDEOIL GOLD LEAD NATURALGAS NICKEL SILVER ZINC

15-Mar-17 28-Apr-17 20-Mar-17 5-Apr-17 31-Mar-17 28-Mar-17 31-Mar-17 5-May-17 31-Mar-17

Pivot point R1 R2 R3 S1 S2 128.12 128.98 130.47 131.33 126.63 125.77 0.00 -1420.00 23.00 -1397.00 -1443.00 -23.00 399.77 402.73 407.42 410.38 395.08 392.12 3554.00 3578.00 3619.00 3643.00 3513.00 3489.00 29245.00 29347.00 29524.00 29626.00 29068.00 28966.00 151.50 153.35 155.80 157.65 149.05 147.20 187.00 191.00 193.80 197.80 184.20 180.20 732.50 738.10 747.70 753.30 722.90 717.30 43038.67 43594.33 44545.67 45101.33 42087.33 41531.67 187.27 189.13 192.62 194.48 183.78 181.92

S3 124.28 -1466.00 387.43 3448.00 28789.00 144.75 177.40 707.70 40580.33 178.43

3

Key Corporate Action

Symbol INFOEDGE EIDPARRY CASTROLIND HARITASEAT ZYDUSWELL SOTL

Purpose Interim dividend Rs1.50 per share Interim dividend Rs4 per share Special dividend Rs2 per share Interim dividend Interim dividend Interim dividend Rs13.50 per share

Ex-Date 03-Mar-17 03-Mar-17 07-Mar-17 09-Mar-17 09-Mar-17 09-Mar-17

Record Date -

Key Economic Events Time (IST) 01:45 01:45 02:00 02:00 03:00 -

Region CHF CHF EUR EUR EUR -

Event GDP QOQ Q4 GDP YOY Q4 GERMAN IMPORT PRICE INDEX (MOM) (JAN) GERMAN IMPORT PRICE INDEX (YOY) (JAN

Spanish GDP YOY Q4 -

Forecast -0.1% -0.6% 0.9% 6.0% 3% -

4

Weekly consolidated call tracker Segment – NSE Cash and F&O Date

Stock

Trade

27/Feb/17

LICHSGFIN NMDC BHARATFORG NFL JUSTDIAL ESCORTS BIOCON INDIGO VMART JKTYRE KWALITY JBFIND CHAMBLFERT TITAN CENTURYPLY MARICO HINDUNILVR TATASTEEL BHARATFIN HSIL JAYSREETEA HARRMALAYA BHEL Mar Fut RELIANCE Mar Fut AUROPHARMA Mar Fut JETAIRWAYS Mar Fut NMDC Mar Fut SYNDBANK Mar Fut HAVELLS Mar Fut DABUR Mar Fut BHARATFIN Mar Fut SUNTV Mar Fut CAIRN Mar Fut IDEA Mar Fut ARVIND Mar 380CE IBULHSGFIN Mar 900CE APOLLOTYRE Mar 200CE HINDZINC Mar 320CE

BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY SELL BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY SELL BUY BUY SELL BUY BUY BUY BUY

27/Feb/17 27/Feb/17 27/Feb/17 28/Feb/17 28/Feb/17 28/Feb/17 28/Feb/17 28/Feb/17 28/Feb/17 1/Mar/17 1/Mar/17 1/Mar/17 1/Mar/17 1/Mar/17 1/Mar/17 2/Mar/17 2/Mar/17 2/Mar/17 2/Mar/17 2/Mar/17 2/Mar/17 27/Feb/17 27/Feb/17 27/Feb/17 28/Feb/17 28/Feb/17 28/Feb/17 1/Mar/17 1/Mar/17 1/Mar/17 2/Mar/17 2/Mar/17 2/Mar/17 27/Feb/17 27/Feb/17 28/Feb/17 28/Feb/17

Entry

569.1 144 1070 75.6 552 460 1138 875 736 125.2 160 253.5 83.2 441 251 280 883.3 505 812 326 118 91 155 1245 678 458.5 146 69.9 412 279.1 831 722.2 300 110 15.2 22 4.2 7.75

Stoploss

Target1

563.1 142.5 1060 74.9 545.5 455.5 1127 866 729 124 158.5 251 82.4 436.5 248.5 277 874.2 500 820 323 117 90 153.5 1233 671 454 144.5 69.1 408 276.1 840 729.2 297 111 8 12 2.2 4

575 145.5 1080 76.3 557.5 464.5 1149 884 743 126.4 161.5 256 84 445.5 253.5 283 892 510 804 329 119 92 156.5 1257 685 463 147.5 70.6 416 282 822 715.2 303 109 26 32 8 15

Target2

Booked

Remark

581 565.5 SL 147 144 Exited at cost 1090 Avoided 77 74.9 SL 563 557.5 Target 469 455.5 SL 1160 1127 SL 893 866 SL 750 729 SL 127.6 Not initiated 162 162 Target 258.5 256 Target 85 83.2 Exited at cost 450 436.5 SL 256 248.5 SL 286 277 SL 901 Avoided 515 500 SL 796 796 Target 332 323 SL 120 119 Target 93 90 SL 158 153.5 SL 1270 1253.75 Target 693 685 Target 467.5 Avoided 149 148.2 Target 71.2 69.95 Near cost closed 420 412.5 Exited near cost 285 277.45 SL 813 822 Target 708.2 708.2 Target 306 297 SL 108 111 SL 16.45 Target 23.5 Target Open 9 Target 5

COALINDIA Mar 330CE 2/Mar/17 SUNPHARMA Mar 680PE 2/Mar/17

BUY BUY

3.5 17.45

1.5 11

7 28

Open 22.75 Target

Segment – MCX Date

Commodity

Trade

27/Feb/17

COPPER Apr Fut LEAD Feb Fut GOLD Mar Fut ALUMINI Feb Fut CRUDE Mar Fut LEAD Feb Fut GOLD Mar Fut CRUDE Mar Fut NICKEL Mar Fut NATGAS Mar Fut LEAD Feb Fut ZINC Mar Fut LEAD Feb Fut CRUDE Mar Fut GOLD Apr Fut SILVER May Fut ALUMINIUM Feb Fut LEAD Feb Fut LEAD Feb Fut CRUDE Mar Fut GOLD Apr Fut CRUDE Mar Fut

SELL SELL BUY BUY BUY BUY SELL SELL SELL SELL BUY BUY BUY BUY SELL SELL BUY BUY SELL BUY SELL SELL

27/Feb/17 27/Feb/17 27/Feb/17 27/Feb/17 28/Feb/17 28/Feb/17 28/Feb/17 28/Feb/17 28/Feb/17 1/Mar/17 1/Mar/17 1/Mar/17 1/Mar/17 1/Mar/17 1/Mar/17 1/Mar/17 1/Mar/17 2/Mar/17 2/Mar/17 2/Mar/17 2/Mar/17

Performance Report Total Profit Made Consolidated Total Profit Made this Week

Entry

396.4 150 29680 126.7 3652 151.4 29510 3605 731 178 151.4 190.65 152.1 3640 29315 44000 129.7 154 153.2 3580 29370 3564

Stoploss

Target1

399.3 151 29580 125.7 3600 150.4 29610 3635 738 181 150.4 189.65 151.1 3580 29415 43500 128.7 153 154.2 3545 29450 3600

393 149 29780 127.7 3700 152.4 29410 3560 720 175 152.4 191.65 153.1 3700 29215 44500 130.7 155 152.2 3616 29270 3505

Equity + Fut+Options (Rs) 4256017 23131

Target2

148.6

192.65

Booked

395 149 29780 127.25 152.4 29610 3563 721 181 152.4 192.65 153.1 3604 29266 44150 130.4 154.5 152.2 3595 29270 3530

Remark

Target Target Target Target Not initiated Target SL Target Target SL Target Target Target SL Target Target Target Target Target Target Target Target

Commodity (Rs) 3194370 30050

Disclaimer: This report is only for the information of our customers. Recommendations, opinions or suggestions are given with the understanding th at readers acting on this information assume all risks involved. The information provided herein is not to be constructed as an offer to buy or sell securities of any kind. ATS Wealth Managers Pvt Ltd and/or its group companies do not as assume any responsibility or liability resulting from the use of such information.

6