Jul 26, 2017 - India's main stock indexes closed at their highest ever levels for a third day running on Wednesday, as s
Morning Note
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MARKET ROUND UP13 ,July, 2017 Indian Markets India's main stock indexes closed at their highest ever levels for a third day running on Wednesday, as shares of energy companies such as Reliance Industries Ltd advanced on the back of higher crude prices. The benchmark BSE Sensex closed up 0.18 percent at 31,804.82 while the broader NSE Nifty ended 0.31 percent higher at 9,816.1.Oil prices rose more than 1.5 percent on Wednesday, extending gains from the previous day as the U.S. government cut its crude production outlook for next year and as fuel inventories plunged
Key Indices SENSEX Nifty 50 DJIA DAX FTSE 100 NIKKEI KOSPI Composite SSE Composite
Index % Chg 31804.82 +0.3 9816.10 0.31 21427.50 +0.15 12626.58 +1.5 7416.93 +1.18 20168.81 +0.35 2408.13 +0.68 3198.03 -0.16 Nifty 9745 9680 9845 9883
Support Resistance
US & European Markets U.S. stocks closed higher on Wednesday with the Dow industrials setting its first closing record in nearly a month as Federal Reserve Chairwoman Janet Yellen emphasized the central bank’s gradual approach to normalizing monetary policy and expressed optimism about the economy in congressional testimony. The S&P 500 SPX, +0.73% advanced by 17.72 points, or 0.7%, to finish at 2,443.25 with all 11 main sectors trading higher. Technology, real estate and materials shares all finished up 1% or more. Meanwhile, the Nasdaq Composite Index COMP, +1.10% rose 67.87 points, or 1.1%, to 6,261.17, for a fourth straight day of gains. A run higher for energy shares and miners, as well as strong updates from Norwegian lender DNB, and a more dovish tone from U.S. Federal Reserve Chief Yellen, helped drive European shares up on Wednesday, though renewed pain for publisher Pearson weighed on the media sector.The pan-European STOXX 600 index was up 1.5 percent, as were euro zone stocks and blue chips, enjoying their best day's gains since April 24, when Macron's first round victory quashed market fears of a protectionist French president.
Asian Markets Asian equities closed mostly lower on Wednesday as markets awaited Federal Reserve Chair Janet Yellen's testimony before congress in the U.S... Currencies Japan's Nikkei 225 slid 0.48 percent, or 97.1 points, to close at 20,098.38 and South Korea's benchmark Kospi edged down 0.0.18 percent, or 4.23 points, to end at 2,391.77 .Outlook Markets are expected to open in flattish to slightly positiveon early trades following the Asian and other global markets.
Index % Chg NIFTY BANK 23695.45. +0.47 NIFTY ENERGY 12318 +1.3 NIFTY INFRA 3305.45 0.45 NIFTY IT 10401.50 -0.27 NIFTY PHARMA 9817.80 +0.16 NIFTY MIDCAP 100 18223.10 +1.49
Sector Indices
Top Gainers (NSE)
CMP (Rs)
% Chg
ACC AMBUJACEM INFRATEL
1704 261.10 420.95
3.22 2.33 2.71
CMP (Rs)
% Chg
2441 1376 3721.20
-1.41 -1.02 -0.72
Top Losers (NSE) TCS M&M HEROMOTOCO 52 Week High ASAL AUBANK
Price (Rs)
52 Week Low CHROMATIC SANCO
Price (Rs)
90.80 642.70
1.9 95.10
Volatility Index Nifty Change % INDIA VIX 11.0525 +1.49 Net Flows (Cr)
Net FII
Net DII
July 12
+361.25
-330.58
Interest Rates
Value Change %
10 Yr bond yield
Exchange Rates USD/INR EUR/INR
6.467
+0.12
Value % Chg 64.33 72.11
-0.14 -0.75
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News Flash Economy News
June CPI cools down; May IIP falls to 1.7%. There will be more room for RBI to cut interest rate. India's retail inflation cooled down to 1.54 percent in June from 2.18 percent in May, mainly due to introduction of goods and services tax. Core inflation rate was at 3.8 percent versus 4.2 percent month on month and food inflation came in at -1.17 percent versus -1.05 percent MoM. May IIP is at the lowest level since November 2016. India's factory output falls to 1.7% in May from 3.1% in April mainly due to subdued mining and manufacturing output. Factory output measured by the index of industrial production (IIP) is the closest approximation for measuring economic activity in the country’s business landscape.
For forthcoming Board Meeting, click on the following link http://www.bseindia.com/corporates/board_meeting.aspx? expandable=0
Government is planning to introduce new telecom policy in 2018. The policy will focus on areas such as Internet for all, next-generation technologies (such as 5G and Internet of Things), skills development and security. The policy also focus on the end users and looks at the newer opportunities for expanding the availability of telecom services
Corporate News
Andhra Bank plans to raise up to Rs 1,000 cr via QIP. State-owned lender Andhra Bank is planning to raise Rs 800-1,000 crore through a qualified institutional placement (QIP) in the next five months to fund growth, a senior bank official said. The lender is looking to close the QIP issue by December, which would bring down the government's shareholding in the bank below the 60 per cent mark. The proposal is expected to be cleared by the board shortly, after which the process for QIP would start, the official said adding, QIP is a cost effective way of raising money rather than follow on public offer. India is a great place for innovation: Microsoft, Alyssa Fitzpatrick, general manager of Microsoft's worldwide channel sales, on the sidelines of the ongoing annual partnership meet of Microsoft 'Inspire', said that some of the great things have been happening in the Indian market from an innovation perspective. A recognised leader for transforming global direct and indirect sales in the software industry, Fitzpatrick has carried responsibility for over 50,000 global partners, encompassing management consultancies, global systems integrators and services partners. Maruti Suzuki India has cut prices across several models to pass on the benefits of lower goods and services tax (GST) to consumers. This whole process of ushering in the GST system has proceeded far more smoothly than what either government or people thought it would happen, RC Bhargava, Chairman of the company told CNBC-TV18. Overall GST will be beneficial to companies, to the economy and over time it will be 2
reflected in growth and possibly prices will not go up in the near future, he mentioned.
Commodities News
Oil price gains eased on Wednesday after government data showed U.S. crude stocks plunged more than expected last week as imports declined and drillers continued to pump more.
Crude inventories fell by 7.6 million barrels in the last week, compared with analysts' expectations for an decrease of 2.9 million barrels. U.S. crude ended Wednesday's session up 45 cents, or 1 percent, at $45.49
Gold prices tallied a third-straight gain Wednesday, maintaining their short-term boost from political uncertainty in the U.S., as the Federal Reserve Janet Yellen’s reiterated a call for ‘gradual’ interest-rate hikes in Capitol Hill testimony.
Gold for August delivery GCQ7, -0.06% rose $4.40, or 0.4%, to settle at $1,219.10 an ounce Commodity Pivot Table for 13/07/2017
Scrip ALUMINIUM
31-Jul-17
CARDAMOM COPPER CRUDEOIL GOLD LEAD NATURALGAS NICKEL SILVER ZINC
14-Jul-17 31-Aug-17 19-Jul-17 4-Aug-17 31-Jul-17 26-Jul-17 31-Jul-17 5-Sep-17 31-Jul-17
Pivot point R1 R2 121.58 122.27 123.28 1130.23 1139.67 1149.43 383.88 385.12 386.98 2953.00 2996.00 3043.00 27876.67 27951.33 28051.67 148.10 150.65 148.25 193.63 195.57 198.63 594.23 596.77 601.13 36942.00 37216.00 37464.00 182.82 184.13 186.62
R3 S1 123.97 120.57 1158.87 1120.47 388.22 382.02 3086.00 2906.00 28126.33 27776.33 150.50 145.70 200.57 190.57 603.67 589.87 37738.00 36694.00 187.93 180.33
S2 S3 119.88 118.87 1111.03 1101.27 380.78 378.92 2863.00 2816.00 27701.67 27601.33 145.85 143.30 188.63 185.57 587.33 582.97 36420.00 36172.00 179.02 176.53
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Weekly consolidated call tracker Segment – NSE Cash and F&O Date 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17 12-Jul-17
Stock INDIANHUME SUNDRMFAST FLFL BALMLAWRIE VOLTAS JUBLFOOD GRINDWELL M&M JKTYRE AMBUJACEM NIFTY 27JUL FUT AUROPHARMA 27JUL FUT NIFTY 27 JUL 9600 PE VEDL 27JUL 255CE
Trade BUY BUY SELL BUY BUY BUY BUY BUY BUY BUY SELL SELL BUY BUY
Entry 530 423.05 304.35 242 468 1101 418.15 1393 171.5 258.1 9790 698 28.4 4.55
Stoploss 520 417 308 238 464 1090 414 1384 168 256 9820 706 15 4.1
Target1 540 429.6 300.8 246.8 472 1114 422.01 1407 174 261.5 9768 690 45 5.3
Target2 549 434 297.3 249.8 474 1122 424.38 1410 175 263 9750 685 50 5.3
Booked 541 425.5 302.5 246.8 475 1114 422.01 1384
Remark Target Target Near cost closed SL Target Target Target SL
261
Target
694
Target
4.9
Target
Segment – MCX Date 10-Jul-17 10-Jul-17 11-Jul-17 11-Jul-17 11-Jul-17 12-Jul-17 12-Jul-17
Commodity SILVER Sep Fut COPPER Aug Fut NICKEL Jul Fut SILVER Sep Fut NATURALGAS Sep FUT CRUDE Jul Fut GOLD Aug Fut
Performance Report Total Profit Made Consolidated Total Profit Made this Week
Trade SELL SELL BUY BUY BUY BUY SELL
Entry 35870
Stoploss 36170
Target1 35570
378
381
374
376.6
585 36350 191 2970 27860
579 36000 189 2930 27960
593 36750 195 3020 27760
589.5 36500 194 3000 27810
Equity + Fut+Options (Rs) 4256017 50403
Target2
Booked 35570
Remark Target Target Target Target Target Target Target
Commodity (Rs) 3194370 27750
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