Jul 5, 2017 - few contentious goods. The GST Council would tax gold, gold jewellery, ... About 25,000-Mw capacity in the
Morning Note
MARKET ROUND UP
th
5 , June, 2017
Indian Markets With continued optimism about a normal monsoon and the Goods and Services Tax (GST) roll-out, coupled with positive global cues, the Indian equity markets scaled new highs again on friday. Led by automobile and pharmaceutical shares, the Sensex and the Nifty on Friday hit new closing highs on renewed buying support by investors ahead of the Reserve Bank of India (RBI) policy next week. The upward trajectory of the key indices was supported by a stable rupee and healthy buying in consumer durables, automobile and healthcare stocks, although some gains were capped as investors booked profits. The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 37.40 points or 0.39% to a new closing high of 9,653.50 points. It touched a fresh intra-day high of 9,673.50 points. US & European Markets U.S. equities rose to record levels on Friday as Wall Street shrugged off a jobs report that came in well below expectations. The Dow Jones industrial average closed about 60 points higher and reached its first intraday record since March 1 as well as its second straight record close. The S&P 500 and the Nasdaq composite also managed intraday and closing records. The Russell 2000, which tracks small cap stocks, rose 0.67 percent and was less than 2 percent away from a record high. The Labor Department said 138,000 jobs were created last month, well below the expected 185,000. Wages also grew less than expected, with average hourly earnings rising at a 2.5 percent annualized rate. The unemployment rate, however, fell to 4.3 percent from 4.4 percent. Investors eagerly awaited the report as it is one of the last major data sets released before the Federal Reserve holds its June monetary policy meeting. European markets closed slightly higher on Friday as investors reacted to weakerthan-expected U.S. jobs data and digested the news that President Donald Trump has decided to withdraw from the Paris climate change deal. The panEuropean Stoxx 600 closed up 0.23 percent with most sectors and major bourses in positive territory. Asian Markets Markets in Asia started the week on a cautious note on Monday morning following an attack in central London at the weekend that left the pound slightly weaker. The attackers first drove into pedestrians on London Bridge, then headed to Borough Market before being shot by police. At least seven were killed and 48 injured following the attack. Currencies Stretching its strong recovery momentum for the third straight day, the rupee today rose by 4 paise to a fresh one-week high of 64.44 against the US dollar on sustained selling of the American currency by exporters.
Key Indices SENSEX Nifty 50 DJIA DAX FTSE 100 NIKKEI KOSPI Composite SSE Composite
Nifty 9630 9600 9670 9700
Support Resistance
Sector Indices NIFTY BANK NIFTY ENERGY NIFTY INFRA NIFTY IT NIFTY PHARMA NIFTY MIDCAP 100
Top Gainers (NSE) M&MFIN HCC CADILAHC
Top Losers (NSE) SINTEX FORTIS PFC
Index 23375.90 11757.55 3253.95 10608.95 9254.70
% Chg +0.28 -0.33 +0.43 +0.32 +1.64
17769.65
+0.86
CMP (Rs)
% Chg
386.75 43.85 491.95
+6.69 +6.56 +4.46
CMP (Rs)
% Chg
25.40 193.20 127.50
-3.79 -2.60 -2.41
52 Week High
Price (Rs)
BALKRISIND CADILAH C
1611.95 505.00
52 Week Low
Price (Rs)
-
Volatility Index INDIA VIX Net Flows (Cr) June 2
Interest Rates 10 Yr bond yield
Exchange Rates
Outlook
Index % Chg 31273.29 +0.44 9653.50 +0.39 21192.50 +0.84 12822.94 +1.23 7547.63 +0.05 20186.60 +0.05 2366.91 -0.20 3098.83 -0.22
USD/INR EUR/INR
-
Nifty Change % 10.81 -4.40 Net FII
Net DII
-59.13
+222.29
Value
Change %
6.627
+0.02
Value % Chg 64.34 72.30
+0.12 -0.51
Markets are expected to open in positive note on early trades following the Asian and other global markets. 1
News Flash Economy News
Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, says a World Bank report. During 2016-17, India generated additional tax revenues as unreported cash identified both through the amnesty scheme and demonetisation were brought under the tax net. Gross tax revenue, including states' share, surpassed budgeted target (of 10.8 per cent) at 11.3 per cent, which was mostly due to higher-than-expected excise collections on petroleum products. Even though, demonetisation had only a neutral effect on direct taxes, which fell within the budgeted target of 5.6 per cent of the gross domestic product (GDP), it said. Finance Minister Arun Jaitley announced GST rates for a number of commonly-used items, including footwear, apparels and gold, following the 15th meeting of the GST Council. The council also finalised rules pertaining to return filing and transition. While rates of 1211 items were fixed in the last meeting at Srinagar, the Council could not finalise tax for few contentious goods. The GST Council would tax gold, gold jewellery, silver and diamond at 3 percent. Gold currently attracts 1 percent excise duty and 1 percent VAT (more for some states), equaling to 2 percent. About 25,000-Mw capacity in thermal power is on sale but finding buyers is posing a challenge. Most promoter companies of the projects some operational and others still under development want to exit to lighten their debt. Foreign investors have pumped $4.2 billion in the country's capital market in May due to finalisation of GST rates for the bulk of the items and prediction of a normal monsoon. Interestingly, most of the funds have been invested in the debt markets by the foreign portfolio investors (FPIs).
For forthcoming Board Meeting, click on the following link http://www.bseindia.com/corporates/board_meeting.aspx? expandable=0
Corporate News
Real estate firm Puravankara Ltd will invest Rs 750 crore on construction of ongoing projects in the current fiscal and is looking for joint venture partners to expand business. Natco Pharma plans to launch around 8-10 new products in domestic branded formulations segment during the current year as it aims to grow over 20 per cent year-on-year during the period. The Hyderabad-based drug firm also plans to maintain its leadership position in oncology and gastro hepatology segment during the year as part of its short-term growth plan. Saddled with bad loans, Bank of India is exploring the possibility of selling stake in some subsidiaries to unlock capital and turn the corner. "We sold stake in some of the subsidiaries and we are exploring opportunities to divest stake in some other non-core subsidiaries depending on right valuation," BoI executive director N Damodaran told PTI. Karnataka Bank has slashed housing loan interest rate by up to 0.40 per cent from June 1. 2
Commodities News
Oil futures settled at the lowest level in more than three weeks on Friday, with prices suffering their largest weekly loss in a month amid growing concern over rising shale production in the U.S. The U.S. West Texas Intermediate crude July contract fell 70 cents, or around 1.5%, to end at $47.66 a barrel by close of trade Friday. It touched its lowest since May 10 at $46.74 earlier in the session. The U.S. benchmark lost $2.14, or about 4.3%, on the week, the largest weekly decline since the week ended May 5. Elsewhere, on the ICE Futures Exchange in London, Brent oil for August delivery declined 68 cents to settle at $49.95 a barrel by close of trade, after hitting a daily trough of $48.95, a level not seen since May 10. For the week, London-traded Brent futures recorded a loss of $2.20, or roughly 4.2%.
Gold staged a smart recovery at the bullion market today, surging Rs 300 to Rs 29,550 per 10 grams largely on firm global cues and pick up in buying by local jewellers. Silver followed suit and recaptured the Rs 40,000 mark by spurting Rs 1,170 to Rs 40,470 per kg on increased offtake by industrial units and coin makers. Bullion traders attributed the recovery in gold prices to a firm trend overseas after a lacklustre US jobs report showing unemployment in May fell to 4.3 per cent. This was a 16year low and raised expectations that the Federal Reserve could take a more gradual approach to increasing interest rates. Moreover, increased buying by local jewellers at the domestic spot market, supported the upside in the precious metal prices, according to the traders. Globally, gold climbed 1.04 per cent to $1,278.50 an ounce while silver gained 1.48 per cent to $17.53 an ounce in New York in yesterday’s trade.
Commodity Pivot Table for 05/06/2017
Scrip ALUMINIUM
30-Jun-17
CARDAMOM COPPER CRUDEOIL GOLD LEAD NATURALGAS NICKEL SILVER ZINC
15-Jun-17 30-Jun-17 19-Jun-17 4-Aug-17 30-Jun-17 27-Jun-17 30-Jun-17 5-Jul-17 30-Jun-17
Pivot point R1 R2 123.70 124.55 125.25 1047.60 1059.10 1065.20 365.13 369.62 372.18 3077.33 3133.67 3186.33 29009.00 29216.00 29344.00 135.22 136.58 137.47 194.27 195.83 197.97 570.77 578.03 581.97 40038.00 40636.00 40998.00 163.62 165.18 167.47
R3 S1 126.10 123.00 1076.70 1041.50 376.67 362.57 3242.67 3024.67 29551.00 28881.00 138.83 134.33 199.53 192.13 589.23 566.83 41596.00 39676.00 169.03 161.33
S2 S3 122.15 121.45 1030.00 1023.90 358.08 355.52 2968.33 2915.67 28674.00 28546.00 132.97 132.08 190.57 188.43 559.57 555.63 39078.00 38716.00 159.77 157.48
3
Weekly consolidated call tracker Segment – NSE Cash and F&O Date
Stock
Trade
29/May/17
ESCORTS
BUY
29/May/17
VOLTAS
29/May/17
Entry
Stoploss
Target1
Target2
Booked
Remark
648
641
655
662
662
Target
SELL
495
500
490
485
485
Target
CENTURYTEX
BUY
1087
1077
1098
1108
1077
SL
29/May/17
HINDUNILVR
BUY
1060
1050
1070
1080
1070
Target
29/May/17
PCJEWELLER
BUY
482
477
487
492
477
SL
29/May/17
ITDCEM
SELL
175
177
173
171
173
Target
30/May/17
BLISSGVS
BUY
197
195
199
201
199
Target
30/May/17
GNFC
SELL
276
279
273
270
270
Target
30/May/17
SBIN
SELL
282.6
290.85
279.2
276.8
288.35
SL
30/May/17
JISJALEQS
SELL
96.6
100.3
93
91.3
98.2
SL
30/May/17
BANKBARODA
BUY
176
174
178
180
178.75
Target
30/May/17
INFY
BUY
996
986
1006
1016
997.05
Near cost closed
31/May/17
VGUARD
BUY
179
177
181
183
183
31/May/17
TVTODAY
SELL
263.4
270.5
257.4
255
263.8
31/May/17
VEDL
BUY
244
238
251.5
255
238
31/May/17
TCIEXP
BUY
484
479
489
494
31/May/17
ASHIANA
BUY
212
210
214
216
214
Target
1-Jun-17
AUROPHARMA
BUY
578
572
584
590
590
Target
1-Jun-17
INDIACEM
BUY
205
203
207
209
203
SL
1-Jun-17
IRB
BUY
228
225.5
230.5
233
229.8
Target
1-Jun-17
WIPO
BUY
541
535.5
546.5
552
545
Target
1-Jun-17
AJANTHPHARM
BUY
1585
1569
1601
1617
1601
Target
2-Jun-17
ESCORTS
BUY
697
690
704
711
704
Target
2-Jun-17
GSFC
BUY
134
132.5
135.5
137
132.5
SL
2-Jun-17
HINDALCO
BUY
199.9
192
205.85
212.85
192
SL
2-Jun-17
JKTYRE
BUY
173
169
175.9
177.9
177.9
2-Jun-17
BIOCON
BUY
974
964
984
994
964
SL
2-Jun-17
JINDALPOLY
BUY
412
408
416
420
408
SL
2-Jun-17
SUPRAJIT
BUY
293
290
296
299
296
Target
2-Jun-17
Target Near cost closed SL Not initiated
Target
DHFL
BUY
416.15
411.15
422.3
426
411.15
SL
29/May/17
VGUARD Jun Fut
BUY
187.2
185.2
189.2
191.2
185.2
SL
29/May/17
COLPAL Jun Fut
BUY
1016
1006
1026
1036
1026
Target
30/May/17
SUNPHARMA Jun Fut
BUY
510
505
515
520
512.1
Target
30/May/17
GLENMARK Jun Fut
BUY
629
623
635
641
630
Near cost closed
31/May/17
ENGINERSIND Jun Fut
BUY
158
156.5
159.5
161
161
Target
31/May/17
LICHSGFIN Jun Fut
BUY
722
715
730
738
738
Target
31/May/17
UPL Jun Fut
BUY
869
861
878
887
861
SL
1-Jun-17
BEL Jun Fut
BUY
175
173
177
179
177
Target 4
1-Jun-17
DLF Jun Fut
BUY
182
180
184
186
Avoided
1-Jun-17
VGUARD Jun Fut
BUY
184
182
186
188
186
Target
1-Jun-17
JETAIRWAYS
BUY
478
473
483
487
487
Target
2-Jun-17
MFSL Jun Fut
BUY
620
614
626
632
628
Target
2-Jun-17
ADANIPORTS Jun Fut
BUY
356
352.5
359.5
363
359.5
Target
29/May/17
AUROPHARMA Jun 560CE
BUY
19.5
15
27
27
Target
29/May/17
M&MFIN Jun 330CE
BUY
11
7.5
17.5
14.9
Target
30/May/17
IGL Jun 1080CE
BUY
15
8
25
20
Target
30/May/17
DLF Jun 175PE
BUY
11.6
6.5
19
31/May/17
RELIANCE Jun1440CE
BUY
10.6
5.5
17
31/May/17
UPL Jun 900CE
BUY
18
12.5
26
2-Jun-17
CIPLA Jun 540CE
BUY
9
5
15.6
11.5
Target
2-Jun-17
HDFCBANK Jun 1660CE
BUY
12
8.7
20
14
Target
Avoided Open
Segment – MCX Date
Stock
Trade
29/May/17
COPPER Jun Fut
SELL
29/May/17
ZINC May Fut
30/May/17
Stoploss
Target1
366.45
370
362.5
367.6
SL
SELL
169.65
170.65
168.65
170.65
SL
COPPER Jun Fut
SELL
364.65
368
361.4
367.15
SL
30/May/17
ZINC May Fut
SELL
169.7
170.7
168.7
169.45
Target
31/May/17
ZINC Jun Fut
SELL
169.1
170.1
168.1
168
Target
2-Jun-17
ZINC Jun Fut
SELL
165.35
166.35
164.35
164.4
Target
2-Jun-17
GOLD Aug Fut
SELL
28835
28925
28730
28730
Target
Performance Report Total Profit Made Consolidated Total Profit Made this Week
Entry
Equity + Fut+Options (Rs) 4256017 89942
Target2
Booked
Remark
Commodity (Rs) 3194370 13350
Disclaimer: This report is only for the information of our customers. Recommendations, opinions or suggestions are given with the understanding that 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.
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