Market Insight 15 th Nov, 2018

Transcription

1 Market Insight 15 th Nov, 2018 NSE Indices Curr Close Points Chg Chg % NIFTY NIFTY NIFTY NIFTY MIDCAP INDIA VIX BSE Indices Curr Close Points Chg Chg % SENSEX BSE BSE BSE BSE MID CAP BSE SMALL CAP Sectorial Indices Curr Close Points Chg Chg % NIFTY AUTO NIFTY FIN SERVICE NIFTY FMCG NIFTY IT NIFTY MEDIA NIFTY METAL NIFTY PHARMA NIFTY PSU BANK NIFTY PVT BANK NIFTY REALTY NIFTY COMMODITIES NIFTY CONSUMPTION NIFTY CPSE NIFTY ENERGY NIFTY INFRA NIFTY MNC NIFTY SERV SECTOR NIFTY PSE NIFTY BANK Nifty 50 Top 3 Gainers Curr Close Points Chg Chg % HINDUSTAN PETRO BHARAT PETROL UPL LTD Nifty 50 Top 3 Losers Curr Close Points Chg Chg % SUN PHARMA INDU TECH MAHINDRA LT GAIL INDIA LTD Exchange Advance Decline Unchg NSE BSE Market Wrap Indian shares gave up earlier gains to end on a flat note Wednesday, despite a steep fall in oil prices and appreciation in the rupee. The benchmark 30-share BSE Sensex ended the session down 2.50 points at 35, as weak global cues as well as profit taking after sharp gains in the previous session offset investor optimism over falling oil prices. The broader Nifty index slid 6.20 points to end at 10,576.30, with IT stocks coming under selling pressure after the rupee appreciated to 72 against the dollar. Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Information Technology Index's 2.45 percent drop. On the flipside, Nifty PSU Bank Index was the top gainer, up 2 percent. Infosys, TCS, HCL Technologies and Tech Mahindra lost 2-4 percent. Pharma stocks also took a hit, with Sun Pharma ending down over 7 percent. On the positive side, state-run oil marketing companies BPCL, HPCL and IOC climbed 3-4 percent after oil prices fell Tuesday on supply glut fears at a time of falling demand. Technical View In yesterday s session, index opened at levels and rose to intraday high of in early trade. Sentiments was boosted by weakness in global Crude Oil prices in morning session. After testing higher levels, weakness crept into market and bears managed to dragged price to low of But late recovery helped cut losses towards the end and Nifty close with modest loss of 6 points at In Tuesday s session Nifty formed strong positive candle but lack of follow up, negated this bullish move. Yesterday s price action took shape of bearish candle on daily chart. And Nifty reversed gains for fifth consecutive day after testing levels between Index has crucial short term support at 10440, if this level is triggered, selling pressure could take price to further low of On upside level of has become major hurdle in short term. Expect market to remain range bound with bearish undertone for the day.

2 Thousands Contracts Thousands Contracts Nifty Derivative Index NIFTY Change Fut Closing % Prem /Disc OI Qty 2.5 cr. -1.3% Nifty PCR 1.29 Highest OI CE PE OI CE PE Yesterday NIFTY future was down -0.1% with decrease in O I by 1.28%. Put O I addition was seen at followed by and Call O I addition was seen at followed by As per current option data Immediate Resistance is around & Major Resistance is around As per current option data Immediate support is around & Major Support is around (2.00) (4.00) (6.00) OI Change CE PE BANKINDIA INDIGO SBIN CANBK PIDILITIND ASHOKLEY SUNPHARMA MOTHERSUMI BHEL KOTAKBANK Volume & OI Long Built-up Stocks Volume Gainers Stocks ZEEL PAGEIND MOTHERSUMI ASHOKLEY EICHERMOT Short Built-up Stocks High Delivery % Stocks POWERGRID SUNPHARMA BHEL GRASIM NESTLEIND Rollover (%) Delivery (%) Fut Vol Chng(%) Fut OI Chng(%) Price Chng(%) Participants wise OI Participant wise OI ( Fig in 000 Contracts) Index Future OI % Participant Type Index Fut Call Put Client DII FII Pro Pro 5.1% FII 49.6% Client 33.1% DII 12.2% Future Index Long Future Index Short Client DII FII Pro 58.6% 72.3% 37.8% 59.3% 41.4% 27.7% 62.2% 40.7% Yesterday, FII had added Long 0.3K Contracts in Index Futures and Clients had done Long Unwinding of 6.2K Contracts FII had done Call Short Covering by 3K Contracts and added Put Long by 8.2K Contracts Clients had added Call Long by 27.7K Contracts and added Put Long by 6.2K Contracts

3 Market Buzz Maruti Suzuki India has officially opened bookings for its all-new upcoming MPV, the second generation Maruti Suzuki Ertiga. The company will make the new MPV available only through the Maruti Suzuki Arena dealership networks. The MPV will be available in both the petrol and diesel versions. India is no stranger to the Ertiga nameplate as the company has so far sold almost 4.2 lakh units in India. Yes Bank s Non-Executive (Independent) Chairman Ashok Chawla resigned from the Bank s board with immediate effect, mentioning that during the current transition period that the bank needed a chairman who could give more time and dedication. Uttam Prakash Agarwal has been appointed as an additional director and designated as chairman of audit committee. The bank also acquired percent stake in Valecha Engineering and 30 percent stake in Valecha Investments, pursuant to invocation of pledge on the said equity shares subsequent to default by promoter group companies in credit facility provided by the bank. Tata Global Beverages entered into a letter of Intent (LOI) with Tata Steel Special Economic Zone Ltd, a wholly-owned subsidiary of Tata Steel Ltd, for setting up a tea packaging unit in Gopalpur Industrial Park, Odisha. The aggregate investments by both the companies for setting up this new unit are expected to be around Rs 100 crore over a period of time. The estimated scalable capacity of the new unit is expected to be 36 million kgs per annum and it would be operational by 2020 Rites Ltd s board of directors approved the acquisition of 33% stake of Indian Railway Station Development Corporation Limited (IRSDC). Rites Ltd will infuse Rs.50 crore in IRSDC. The National Company Law Appellate Tribunal (NCLAT) on Wednesday approved the revised bid of Aditya Birla group firm UltratTech Cement for debt-ridden Binani Cement. Rajputana Properties had moved the Supreme Court against a decision by the lenders of Binani Cement to consider the revised resolution plan submitted by UltraTech. The committee of creditors had also asked Rajputana Properties to revise its offer of Rs 6,930 crore. UltraTech Cement s revised offer was at Rs 7,900 crore, against its earlier bid of Rs 7,200 crore. UltraTech Cement was earlier the second-highest bidder and had come up with an improved offer, backed by the promoters of Binani Cement. NBCC (India) Limited received a Letter of Award of work from IIT Mandi to provide Project Management Consultancy for construction & development of Faculty housing & Student Hostels. The estimated cost of project is Rs. 100 Crores (approx). Motherson Sumi Systems Ltd (MSSL) reported 16.50% decline in consolidated net profit at Rs crore for the quarter ended September 30, Total revenue from operations stood at Rs 15, crore during the period under review. It was Rs 13, crore in the same quarter last fiscal. 2Q other income stood at Rs crore. Zee Entertainment s CEO Punit Goenka announced that Zee has no plans to change the management. It can offer more than 50% of the stake if the partner demands for it. The stake sale is not just restricted to promoter stake. Page Industries Ltd. has registered 10% jump in its year on year net profit at Rs 92.6 crore in the quarter ended September It had reported profit of Rs crore in the same quarter last year. Revenue rose 10% at Rs crore against Rs crore. Its operating profit or EBITDA was up 11 percent at Rs crore, while margin was at 20.7%. The other income was at Rs 10.8 crore, while tax expense was at Rs 49.3 crore. The board declared second interim dividend of Rs 41 per share and special dividend of Rs 110 per share on an equity share. Pfizer India reported a 13.81% dip in standalone net profit to Rs 95.8 crore for the quarter ended September The company had posted a net profit of Rs crore for the corresponding period of the previous fiscal. Revenue from operations of the company stood at Rs crore in the quarter under review. It was Rs crore in the September quarter a year ago. Mahindra & Mahindra Ltd. s profit rose in the July-September quarter, surpassing analyst estimates even as its operating margin contracted. The maker of utility vehicles and tractors reported a net profit of Rs 1,779 crore for the three months ended September, an increase of 26 percent from the year-ago period, according to its stock exchange notification. That compares with Rs 1,325 crore that analysts surveyed by Bloomberg had forecast. The bottom line was aided by a one-time gain of Rs crore. The financials include numbers of its commercial vehicle unit Mahindra Vehicle Manufacturers Ltd. Revenue rose 6 percent on a yearly basis to Rs 12,790 crore. This was in line with the Rs 12,700-crore estimate. M&M sold 1.41 lakh units between July and September, an yearly increase of 9 percent even though its tractor sales declined 5 percent year-on-year to 73,012 units. The company s exports rose 14 percent to 13,377 units.

4 Symbol Futures Close O I Trend Nifty 50 Daily Volatility Levels Highest Call OI Highest Put OI R3 R2 R1 BANKNIFTY Neutral Neutral NIFTY Neutral Neutral ADANIPORTS Neutral Neutral ASIANPAINT Long Built-up Up AXISBANK Neutral Neutral BAJAJ-AUTO Neutral Neutral BAJAJFINSV 5603 Neutral Neutral BAJFINANCE Neutral Neutral BHARTIARTL Long Built-up Neutral BPCL Short Covering Up CIPLA 522 Neutral Down COALINDIA Neutral Neutral DRREDDY Neutral Neutral EICHERMOT Neutral Neutral GAIL Short Built-up Down GRASIM Neutral Neutral HCLTECH Short Built-up Down HDFC Neutral Neutral HDFCBANK Short Covering Up HEROMOTOCO Neutral Neutral HINDALCO Neutral Neutral HINDPETRO Short Covering Up HINDUNILVR Long Built-up Up IBULHSGFIN Neutral Neutral ICICIBANK Neutral Neutral INDUSINDBK Neutral Up INFRATEL Short Covering Neutral INFY Short Built-up Down IOC Short Covering Up ITC Neutral Neutral JSWSTEEL Short Built-up Down KOTAKBANK Short Built-up Down LT Neutral Neutral M&M Long Unwinding Down MARUTI Short Covering Up NTPC Neutral Neutral ONGC Short Covering Up POWERGRID Long Built-up Neutral RELIANCE Long Unwinding Neutral SBIN Long Built-up Up SUNPHARMA Short Built-up Down TATAMOTORS Short Built-up Down TATASTEEL Short Built-up Neutral TCS Short Built-up Down TECHM Long Unwinding Down TITAN Long Unwinding Neutral ULTRACEMCO 3902 Long Built-up Up UPL Long Built-up Up VEDL Long Unwinding Neutral WIPRO 325 Long Unwinding Neutral YESBANK Short Built-up Neutral ZEEL Short Built-up Neutral Mid Point S1 S2 S3

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