February 26, Soumyadip Raha

Transcription

1 February 26, 2015 Soumyadip Raha

2 MARKET UPDATE INTRA DAY CHART OF S ENSEX Indian markets ended on a flat note led by the technology and FMCG stocks. Nifty closed at up by 5.15 points or 0.06percent over the previous day closing of after witnessing a low of and a high of Sensex closed at up by 3.33points or 0.01percent over the previous day closing of It touched an intraday low of and high of The markets breadth was negative. Out of 2999 stocks traded 1224 stocks advanced, 1661 stocks declined and 114 stocks remained unchanged. In Sensex, Out of 3 0 stocks 12 stocks advanced and 18 stocks declined. Among the sectors, BSE Teck, BSE IT and B S E FMCG were the main gainers of the day which increased by 0.47 percent,0.45percent and 0.36percent respectively. MARKET TURNOVER (R S.C R ) NAME LAST PREVIOUS DAY NSE CASH NSE F&O NIFTY TOP TURNOVERS COMPANY LAST PRICE SHARE TRADED TOTAL TURNOVER (Rs. Cr) ICICIBANK ITC WOCKPHARMA SBIN HDFC NIFTY TOP GAINERS COMPANY LAST PRICE CHANGE % CHANGE ACC HDFC BHARTIARTL ULTRACEMCO INFY LAST PRICE CHANGE % CHANGE SUNPHARMA (2.30) DRREDDY (2.30) TATASTEEL (2.27) TATAPOWER (2.07) BHEL (1.93) NIFTY TOP LOSERS COMPANY In BSE Teck sector, Den Networks, Idea Cellular and Infosys increased by 3.86percent, 2.01percent and 1.75percent respectively. In BSE IT sector Wipro, HCL Tech and Oracle Fin Serv advanced by 1.71percent, 0.34percent and 0.25percent. In BSE FMCG sector United Spirits, ITC and Jubilant Food increased by 3.53percent,0.93percent and 0.79percent respectively. OUTLOOK The Indian markets are expected to move in anticipation of the outcome of the Union Budget. The Union Budget will be announced on Feb 28th and Railway Budget on Feb 26th. At Microsec Fundamental Research, we are targeting few stocks in Infra and Power sectors, as most others have run up significantly. As reiterated earlier pre-budget top picks are Tata Power, NTPC, Power Grid, IL&FS Trans, IDFC, HCC. Refer to our PreBudget preview report Pdf/Pre%20Budget%20Expectations% pdf PSU Banks may also gain momentum and may outperform post the Budget as most of the initiatives of the Government may increase credit demand and also help companies recover bad loans. IDBI, PNB, BOB, Allahabad Bank and Indian Bank are top short term picks. Other events during the week are: India s fiscal deficit data in INR crore terms and F&O clearing settlement session. 2

3 MARKET STATS DOMESTIC INDICES SENSEX NIFTY BSE MID-CAP (0.22) BSE SMALL-CAP (0.40) NSE CNX MIDCAP INDEX (0.16) SECTORAL INDICES AUTO (0.03) CAPITAL GOODS (0.71) FMCG METAL (0.51) OIL & GAS HEALTHCARE (1.03) POWER (0.49) REALTY CONSUMER DURABLES (0.39) BANKEX (0.76) IT GLOBAL INDICES DOW JONES NASDAQ S&P FTSE (0.29) CAC (0.34) DAX (0.12) MEXICO BOLSA BRAZIL BOVESPA RUSSIAN RTS (0.86) NIKKEI (0.10) HANG SENG TAIWAN TAIEX SHANGHAI (0.56) KOSPI FTSE BURSA MALAYSIA KLCI (0.16) JAKARTA COMPOSITE PSEi - PHILIPPINE SE STOCK EXCH OF THAI (0.58) Data Source: Bloomberg, BSE, NSE, moneycontrol as on February 25,2015 at 5.00 p.m. INDUSTRIAL METALS & ENERGY MARKETS COPPER (USD/T) (0.09) ALUMINUM (USD/T) (0.41) ZINC (USD/T) (0.24) LEAD (USD/T) (0.23) OIL (USD/BBL) NATURAL GAS (USD/MMBTU) PRECIOUS METALS GOLD (USD/OZ) SILVER (USD/OZ) INDUSTRY INDICES BALTIC DRY INDEX BBG WORLD IRON/STEEL IDX CURRENCIES USD-INR (0.38) EUR-INR (0.20) GBP-INR INR-JPY INSTITUTIONAL FLOW IN CR (02/23/2015) INSTRUMENT PURCHASE SALE NET FII DII (146.98) FII DERIVATIVE SEGMENT IN CR (02/24/2015) INSTRUMENT PURCHASE SALE NET INDEX FUTURE (251.90) INDEX OPTION STOCK FUTURE STOCK OPTION (38.68) BULK & BLOCK DEALS 3

4 NEWS Fertilizer Ministry has sought additional funds to clear the subsidy arrears of fertiliser manufacturers estimated at over Rs 30,000 crore, in the upcoming budget for the next fiscal. Besides additional funds demanded for outstanding subsidy payments, sources said the Ministry demanded the Budget allocation for the next fiscal be kept at the current year's level of nearly Rs 73,000 crore. "The ministry's has sought additional funds to clear the long pending subsidy arrears of of over Rs 30,000 in the next fiscal," a source said. Sources clarified that this additional funds demanded by the ministry is over an above the normal allocation. "The Ministry has demanded almost the same amount of subsidy as it was allocated in the current year's budget," the source added Government had allocated a sum of Rs 72, crore in the Union Budget for towards fertilizer subsidy payments. To a query, the sources said they were unaware of the quantum of fertilizer subsidy that will be allocated in the upcoming Budget presentation. Faced with liquidity crunch, fertilizer industry body FAI has also written to Finance Minister Arun Jaitley seeking arrangement of funds to clear outstanding subsidy arrears, which are likely to cross Rs 40,000 crore by March-end. Urea is provided to farmers at a fixed subsidized maximum retail price (MRP) of Rs 5,360 per tonne. The difference between the cost of pro duction and MRP of urea is provided as subsidy to manufacturers by the government. In case of decontrolled fertilizers, the companies are free to decide retail prices as subsidy is fixed on these soil nutrients. Source: Economic Times 4

5 EVENTS CORPORATE ACTION BONUS / RIGHTS / STOCK SPLIT / ADR & GDR / FCCB / M&A / W ARRANTS ETC. COMPANY RECORD DATE Ex-DATE DETAILS NEYVELI LIGNITE CORP. LTD 02/27/ /26/2015 INTERIM DIVIDEND INR1.80PER SHARE MOIL LTD 02/27/ /26/2015 INTERIM DIVIDEND INR5.00PER SHARE OTHER EVENTS U.S. Initial Jobless Claims data for the week ended February 21,2015. The Bloomberg Consumer comfort data for the week ended February 22,2015. U.S. Durable Goods orders data for the month ended January,2015. 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. 5

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