Name News/Views Impact Following news came after market hours and likely to react tomorrow:

Transcription

1 Daily Dossier 22nd March 2018 Outlook The Nifty ended 0.40% up at 10, Positive opening reacted down from day s high 10, towards ending the session with a bearish candle. Critical resistance of remained unharmed. Closing below Nifty Intraday Chart 10,130 with a bearish candle implies, Nifty may again head back towards retesting our long-term pivotal support zone placed around 10,030 and 10,000. Nifty shying away from the critical resistance of 10,230 for the second consecutive session implies Benchmark Index may continue to act as the short-term critical resistance. Midterm chart pattern suggests, Nifty may continue oscillating in the price band of 10,230 to 10,000 before next leg of decisive move. On the Nifty hourly chart; downtrend in previous two sessions seems to be continuing. However, critical dual support zone of 10,030 to 10,000 is still well intact. Intraday pullback may find difficulty to penetrate the resistance 10,160. Nifty patterns on multiple time frames show, Nifty may continue to oscillate in the price band of 10,230 to 10,000 before next leg of decisive movement. We expect Nifty to retest its recent low around 10,050. Open positional calls- T+3 Positional Sell (2 Trading sessions left)- GODREJ IND Fut (CMP ) on rise around 530 for the TGT of 510, SL- above 540 T+3 Positional Buy (3 Trading sessions left) Buy TITAN (CMP ) on dips around 880 for the TGT of 896, SL- below 872 Nifty Crucial Supports & Resistances for tomorrow- Supports , Resistances , Jaydeb Dey Jaydeb.dey@smifs.com Deepankar Saha deepankar.saha@smifs.co.in Top Stock Drivers For The Day Name News/Views Impact Following news came after market hours and likely to react tomorrow: JSW Energy Ltd. (CMP: 73.90) JSW energy secures power purchase pact to supply 200 MW to Punjab state power corp. Hero Motocorp Ltd. (CMP: ) Hero MotoCrop increased stake in Colombia joint venture to 68% from 51%. 1

2 Intraday Chart of Sensex FII Derivatives Flow (In Crore) Instrument Purchase Sale Net Index Future Index Option Stock Future Stock Option Institutional Flow (In Crore) Institution Purchase Sale Net Market Turnover (Rs. Crore) Name Last Previous NSE Cash NSE F&O BSE Cash 3, , BSE F&O NIFTY Top Gainers Name %1D %5D Day Vol Avg 5 Day Vol Vedanta ,008,468 11,712,810 ONGC ,348,549 5,239,871 Tata Motors ,255,091 7,964,194 RIL ,116,965 7,869,273 Indusind Bank ,549,193 1,328,934 NIFTY Top Losers Name %1D %5D Day Vol Avg 5 Day Vol ICICI Bank ,593,489 16,043,430 Wipro ,888,816 3,486,218 SBI ,828,240 20,465,260 HPCL ,811,563 2,787,623 BPCL ,748,632 3,728,875 FII DII Market in Retrospect The Indian equity benchmark indices ended lower following global cues. Sensex and Nifty opened flat after US Fed hiked its interest rate by 25 bps and targeting to have 2 more hikes this year. The indices tumbled as the investors wait for more clarity on proposed tariff imposition on Chinese imports by Donald Trump and closed at and , down by 0.39% and 0.40% respectively. The broader indices underperformed the benchmark indices with Nifty Midcap and Nifty Smallcap declining 0.84% and 1.44% respectively in today s session. Sectorwise, Nifty Metal was the sole gainer among the indices gaining 0.32%. On the other hand, Nifty PSU Bank, Nifty Media and Nifty Realty were the top losers declining 2.01%, 1.29% and 1.21% respectively. Stockwise, Vedanta, ONGC and Tata Motors were the top gainers with 2.12%, 1.91% and 1.30% respectively, whereas, BPCL, HPCL and SBI were the top losers declining 3.70%, 2.96% and 2.60% respectively. In NSE, 330 stocks advanced, 1194 declined and 34 remain unchanged. INDIA VIX was at against on Wednesday. Bulk and Block Deals Energy Markets NYMEX Crude BRENT Crude Natural Gas

3 Indian Indices Sensex Nifty BSE M Cap BSE S Cap Nifty MC BSE Auto BSE Capgoods BSE FMCG BSE Metal BSE Oil&Gas BSE Healthcare BSE Power BSE Realty BSE ConsDur BSE Bank BSE IT Freight Baltic Dry Baltic Dirty Currency Name Rate Net Chng %1D %5D %1M %3M %1Y INR USD Index YUAN GBP EUR YEN Global Indices (Updated at 4:30 pm) Dow Jones Nasdaq S&P FTSE CAC DAX Mexico IPC Brazil Bovespa Russian RTS Japan Nikkei Hang Seng Taiwan Index Shanghai Comp KOSPI Malaysia KLCI Jakarta Comp Philippine SE Thai Exch LME Gold($/Ounce) Silver($/Ounce) Aluminium Copper Zinc Lead Bond Markets Name Yield Net Chng %1D %5D %1M %3M %1Y Agro Commodities US UK Name Price Net Chng %1D %5D %1M %3M %1Y Brazil Coffee Japan Cotton Australia Sugar India Wheat Switzerland Soybean Germany

4 News Impact Domestic News Indian Oil said to mull investing USD3.5 billion to expand, upgrade refineries India s biggest oil refiner Indian Oil Corp. is planning to invest as much as USD3.5 billion in the year beginning 1 April, or about a fifth more than the previous year, to expand and upgrade its refineries and boost its marketing network. The company plans to use internal resources for the capital expenditure and has no plans to raise loans or issue bonds. Cash generation at all its refineries has improved and even the newest at Paradip in eastern India is likely to report a profit for the first time this year. Indian Oil is likely to invest about INR19,000 crore rupees on expansion of its refining and petrochemicals capacities, pipeline network and marketing infrastructure in the year ending 31 March. The refiner had earlier said it will invest Rs1.8 trillion over 5-7 years to expand capacity and set up new plants. HCC Clarifies on Lavasa bankruptcy report Hindustan Construction Co. Ltd (HCC) shares dipped 13% after a media report that its subsidiary Lavasa Corp headed for bankruptcy. In reply management clarified, that the said news item is misleading and without any basis. It further added saying that Lavasa Corporation has been working jointly with the consortium of leaders for a financial solution for Lavasa. Due to RBI s recent notification on IBC, the process has been slowed down till further clarity on the finer nuances of the revised framework emerge. Lavasa is hopeful of a comprehensive solution for its debt recast once the revised framework is deliberated to the satisfaction of all involved. Cox & Kings sells 11.58% stake in subsidiary Holidays and education travel group Cox & Kings Ltd announced that its 100% subsidiary Prometheon Enterprises Ltd (PEL) has sold 11.58% stake in Prometheon Holdings (UK) Limited (PHUK) to an investee company of SSG Capital Management. PEL earlier held 65.58% of PHUK, which houses the education and hybrid hotels businesses. Post stake sale, Cox & Kings will hold 54% of PHUK through PEL while SSG Capital will hold 46%. In November 2017, SSG Capital had bought The Rohatyn Group s (TRG) entire stake of 34.42% in PHUK. The company will receive USD75.6 million after transaction expenses and tax which translates to INR450 crore. 4

5 News Impact IRB Infrastructure bags INR3,400-crore road project from NHAI in UP IRB Infrastructure Developers has bagged a INR3,400-crore road project from the NHAI in Uttar Pradesh to be developed on build, operate and transfer basis. The scope of the work includes six laning of the km stretch on Hapur Bypass, from Hapur to Moradabad in Uttar Pradesh. We have a proven track record in the BOT space. With this project, the company s construction order book now stands at INR15,300 crore. This boosts the construction order book visibility for next three to four years. The total cost of the project is around INR3,400 crore and the company would have to pay a premium of INR31.5 crore to the National Highways Authority of India (NHAI) from the fourth year as per the agreement. Railways nod for INR493 crore project to ease traffic mess in Bengaluru Keeping in mind the growing pressure of the suburban traffic in Bengaluru, the railways have sanctioned a quadrupling project with a provision of two additional lines from Bengaluru Cantt to Whitefield at a cost of INR crore. The project is set to benefit 62,000 daily commuters in this section by making commuting within Bengaluru easy and faster. The project will be completed within two to three years. 5

6 Events CORPORATE ACTION BONUS / RIGHTS / STOCK SPLIT / DIVIDEND / FCCB / M&A / WARRANTS ETC. Company Record Date Ex-Date Details United Nilgiri Tea Estates Co Ltd Cash dividend of INR1 effective Hindustan Zinc Ltd Cash dividend of INR6 effective Jayaswal NECO Industries Ltd Corporate meeting effective Tirupati Sarjan Ltd Corporate meeting effective Uni Abex Alloy Products Ltd Corporate meeting effective Indiabulls Real Estate Ltd Corporate meeting effective Gokak Textiles Ltd Corporate meeting effective Advance Syntex Ltd Corporate meeting effective Domestic Events India s Foreign Exchange Reserve for the week ended March 16, Global Events The U.S. New Home Sales for February 2018, The U.S. Durable Goods Orders for February 2018, Japan Inflation for February Source of News : The content may have been taken from The Economic Times, Business Standard, Business Line, Mint and other leading financial newspapers and financial portals BSE,NSE, Bloomberg, Moneycontrol & others. 6

7 7

8 Disclaimer Any document, including this report, which is prepared by the research team of Stewart & Mackertich Wealth Management Ltd. (SMIFS) is circulated for the purpose of information only to the intended recipient and should not be replicated or quoted or circulated to any person/corporate or legal entities in any form. This document/ documents/ reports/ opinion should not be interpreted as an Investment/ taxation/ legal advice. While the information contained in the report has been procured in good faith, from sources considered/ believed to be reliable, all/ part of the statement/ statements/ opinion/ opinions/ view/ views in the report may not be considered to be complete or accurate. Therefore, it should only be relied upon at the recipients own risk. Research Analysts/ Economists/ Advisors/ Investment Strategists or any other spokes persons of the company (SMIFS) are often sought after for expressing their views on print/ electronic/ web media. The views expressed are purely based on their assumption/ understanding on fundamental approach/ technical and historic facts on the subject. The views expressed should not be construed as an offer to buy/ sell or hold equity/ commodity/ currencies or their derivatives. The views/ opinions expressed is for information purpose only, and may change due to underlying factors, related or unrelated or other market conditions and may or may not be updated. Stewart & Mackertich Wealth Management Ltd, its subsidiaries, or any of its directors, employees, agents, and representatives shall not be liable for any damages whether direct or indirect, incidental, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information/ research reports/ opinions expressed. Disclosure: Clients/ associates of SMIFS Group may be holding positions in equities or their derivatives on which the research report is made or opinion is formed or views are expressed in print or electronic media. We ensure all compliance is adhered to with this report/ reports/ opinion or views expressed. Analyst ownership of the stock NIL Analyst s dependent relatives ownership in the stock NIL Analyst Certification: The matter related to the report has been taken from sources believed reliable and the views expressed about the subject or issues in this report accurately reflect the personal views of the analyst/ analysts. Stewart & Mackertich Wealth Management Ltd. does not compensate partly or in full, directly or indirectly, related to specific recommendations or views expressed by the research analysts/ market strategists/ Portfolio Managers. REGISTRATION as required under SEBI (Research Analyst) Regulation 2014 has been granted by Securities & Exchange Board of India (SEBI), registration number being INH Stewart & Mackertich Wealth Management Ltd. Vaibhav, 4 Lee Road, Kolkata , West Bengal, India. Tel.: /, Fax: Website: For queries related to compliance of the report, please contact: - Sudipto Datta, Compliance Officer Contact No.: / Id.: compliance@smifs.com / sudipta@smifs.com 8