Market Insight 14 th March,2019

Transcription

1 Market Insight 14 th March,2019 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 SERVI 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 Market Wrap Indian shares rose for a third straight session on Wednesday, with a surging rupee on the back of strong foreign fund inflows and hopes of another RBI rate cut in April bolstering investor sentiment. The benchmark BSE Sensex ended the session up by points or 0.58 percent at 37, while the broader Nifty index rose points or 0.36 percent to 11, The Sensex and Nifty have climbed around 3 percent over the past three sessions amid expectations that Prime Minister Narendra Modi will win a second term in the upcoming national elections. Financials led the surge, with SBI, HDFC Bank, Bajaj Finance, Yes Bank and IndusInd Bank climbing 24 percent. On the flip side, Vedanta, Sun Pharma, Zee Entertainment Enterprises, IOC and Bharti Airtel dropped 24 percent. Technical View Nifty 50 Top 3 Gainers Curr Close Points Chg Chg % INDUSIND BANK YES BANK LTD BAJAJ FINAN LT Nifty 50 Top 3 Losers Curr Close Points Chg Chg % LUPIN LTD BHARTI AIRTEL INDIAN OIL CORP Exchange Advance Decline Unchg NSE BSE Nifty extend gains For third day and hit fresh sixmonth high to end the session at 11,341.70, a gain of points from previous close. Overall yesterday s session was a consolidation day with weaker market breath on NSE. Nifty formed 'Hanging Man' kind of pattern on the daily charts. This pattern indicates caution for long positions at the highs. But, confirmation of weakness is required to call this as a reversal. For short term support can be seen near and levels. While resistance can be seen near and levels.

2 Thousands Contracts Thousands Contracts Thousands Contracts Thousands Contracts Nifty Derivative Index NIFTY Change Fut Closing % Prem /Disc OI Qty 2.04 cr. 19.6% Nifty PCR 1.58 Highest OI OI Yesterday NIFTY future was up 0.26% with increase in O I by 19.59% OI Change Put O I addition was seen at followed by which can act as short term support Call O I reduction was seen at followed by (5.00) (10) Bank Nifty Derivative Index BANKNIFTY Change Fut Closing % Prem/Disc OI Qty 1.09 cr. 29.4% Highest OI Yesterday BANKNIFTY future was up 1.44% with increase in O I by 29.42%. Put O I addition was seen at followed by which can act as short term support. Call O I addition was seen at followed by which can act as short term resistance (5) (10) OI OI Change Participants wise OI Participant wise OI ( Fig in 000 Contracts) Index Future OI % Participant Type Index Fut Call Put Client DII 1.8 FII Pro Pro 11.0% FII 35.6% DII 8.7% Client 44.7% Future Index Long Client 51.2% DII 51.2% FII 54.9% Pro 28.0% Future Index Short 48.8% 48.8% 45.1% 72.0% Yesterday, FII had added Long 23.3K Contracts in Index Futures and Clients had added Short 18.6K Contracts FII had added Call Long by 2.9K Contracts and added Put Short by 16.8K Contracts Clients had added Call Short by K Contracts and added Put Long by 36.7K Contracts

3 Market Buzz TCS' ignio Powers IT Transformation at Tata Steel Europe. It announced that Digitate's cognitive automation solution, ignio, has been successfully deployed by Tata Steel Europe (TSE) as its AI platform for IT operations. TSE, a leading European steel producer. Zydus Cadila gets USFDA nod to market Potassium Chloride capsules. Zydus Cadila said the newlyapproved product will be manufactured at the group's formulations manufacturing facility at SEZ, Ahmedabad. Lupin: USFDA classifies the inspection at the company's Mandideep (Unit 1) facility as 'Official Action Indicated'. Satin Creditcare Network: CARE revised its rating on the company's commercial paper to A2+ from A1. Bajaj Consumer Care: Company engaged the services of Bain & Company which will help the company in formulating a frontend strategy for growth and also help in implementing it. Sun Pharma: Subsidiary increased its stake in PJSC Biosintez, Russia to percent from percent earlier. GE T&D India: Company received a technologydriven grid modernization project from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPL). Wipro: Chairman Azim Premji has earmarked another 34 percent of his equity in Wipro worth Rs 52,750 crore towards Azim Premji Foundation. Unichem Labs: USFDA approved the company's ANDA for Allopurinol tablets, USP 100 mg and 300 mg. Essel Propack: Company redeemed commercial papers amounting to Rs 50 crore and Rs 35 crore. Deep Industries: Company received 2 orders from ONGC in the rigs segment valued at around Rs crore. Sicagen India: Company made additional investment to the extent of SGD 1 million in subsidiary Wilson Cable Private Limited, Singapore. HCL Technologies: Company to acquire StrongBridge Envision (SBE), a digital transformation consulting firm with offices in Seattle, Denver, Atlanta, and New York City. IOC: Company has fixed March 28 as the record date for payment of 2nd interim dividend, if declared, at the board meeting scheduled on March 19. Jet Airways: Additional five aircraft have been grounded due to nonpayment of amounts outstanding to lessors under their respective lease agreements. DCM Shriram: Company commissioned its 30 MW power plant at DSCL Sugar Hariawan Unit. Alembic Pharma seeks to raise up to INR1.5B via bonds. NHPC to consider fund raising of $100M in JPY equivalent. It is to consider fund raising in March 15 board meet. Unichem Laboratories rises 2% on USFDA approval. The company has received ANDA approval for its Allopurinol Tablets, USP 100 mg and 300 mg from the US FDA to market a generic version of ZYLOPRIM (allopurinol) tablet. Bajaj Consumer founder cuts stake to 59.91% from 66.76%. Spicejet cancels 14 flights wednesday on b737 max grounding.

4 Symbol Futures Close O I Trend Nifty 50 Daily Volatility Levels Highest Call OI Highest Put OI R3 R2 R1 BANKNIFTY Long Builtup Up NIFTY Neutral Neutral ADANIPORTS Long Builtup Neutral ASIANPAINT 1436 Neutral Neutral AXISBANK Neutral Neutral BAJAJAUTO Neutral Neutral BAJAJFINSV Neutral Neutral BAJFINAN Long Builtup Up BHARTIARTL Long Unwinding Down BPCL Neutral Neutral CIPLA Short Builtup Down COALINDIA Neutral Down DRREDDY Neutral Neutral EICHERMOT Neutral Neutral GAIL Neutral Neutral GRASIM Neutral Down HCLTECH Short Covering Up HDFC Neutral Up HDFCBANK Long Builtup Up HEROMOTOCO Neutral Neutral HINDALCO Neutral Neutral HINDTRO Neutral Up HINDUNILVR Neutral Up IBULHSGFIN Neutral Down ICICIBANK Long Builtup Up INDUSINDBK Long Builtup Up INFRATEL Neutral Neutral INFY Neutral Neutral IOC Short Builtup Down ITC Neutral Neutral JSWSTEEL Long Unwinding Down KOTAKBANK Neutral Neutral LT Neutral Neutral M&M Long Unwinding Neutral MARUTI 7125 Neutral Down NTPC Long Unwinding Down ONGC Short Builtup Down POWERGRID Long Unwinding Down RELIAN Short Covering Up SBIN 294 Long Builtup Up SUNPHARMA Long Unwinding Down TATAMOTORS Long Unwinding Neutral TATASTEEL Long Unwinding Down TCS Short Builtup Neutral TECHM Short Builtup Down TITAN Long Unwinding Neutral ULTRAMCO Short Builtup Down UPL Long Builtup Up VEDL Short Builtup Down WIPRO Long Unwinding Neutral YESBANK Long Builtup Up ZEEL Long Unwinding Down Mid Point S1 S2 S3

5 DISCLOSURES Research Team Tel: Website: Inventuregrowth.com This Report is published by Inventure Growth & Securities Limited (hereinafter referred to as IGSL ) for private circulation. IGSL is a registered Research Analyst under SEBI (Research Analyst) Regulations, 2014 having Registration no. INH IGSL is also a registered Stock Broker with National Stock Exchange of India Limited, BSE Limited and Metropolitan Stock Exchange of India Limited (MSE) in cash, F&O & currency derivatives segments. It is also registered as a Depository Participant with CDSL and is also registered with AMFI as a Mutual Fund Distributor IGSL have not been debarred / suspended by SEBI for Retail & Institutional business or any other regulatory authority for accessing / dealing in securities Market other than PRO business. IGSL, its associates or analyst or his relatives may or may not hold any financial interest in the subject company. IGSL or its associates or Analyst do not have any conflict or material conflict of interest at the time of publication of the research report with the subject company. IGSL or its Affiliates may or may not have been beneficial ownership of one percent or more of the securities mentioned in this report. However, one or more of IGSL or its Affiliates may, from time to time, have a long or short position in any of the securities mentioned herein and may buy or sell those securities or options thereon, either on their own account. IGSL or its associates / analyst has not received any compensation / managed or comanaged public offering of securities of the company covered by Analyst during the past twelve months. IGSL or its associates have not received any compensation or other benefits from the company covered by Analyst or third party in connection with the research report. Analyst has not served as an officer, director or employee of Subject Company and IGSL / analyst has not been engaged in market making activity of the subject company. Analyst Certification: I/We, Smeet Gala the research analyst Is the author of this report, hereby certify that the views expressed in this research report accurately reflects my/our personal views about the subject securities, issuers, products, sectors or industries. It is also certified that no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. The analyst(s) principally responsible for the preparation of this research report and has taken reasonable care to achieve and maintain independence and objectivity in making any recommendations. Research Team Profile ID Mr. Prashant Barwaliya Head Research Prashant.b@inventuregrowth.com Mr. Smeet Gala Fundamental Analyst Smeet.Gala@Inventuregrowth.com Created by: IGSL Research Inventure Growth & Securities Ltd,201,Viraj Tower, Near Landmark Building, Western Express Highway, Andheri (East),Mumbai Tele: , Fax: Research@inventuregrowth.com, website : DISCLAIMER Inventure Growth and Securities Limited (hereinafter referred to as IGSL ) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL. It also has registration with AMFI as a Mutual Fund Distributor. Inventure Growth and Securities Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number INH IGSL has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market. IGSL or its associates/ analyst has not received any compensation / managed or comanaged public offering of securities of the company covered by Analyst during the past twelve months. This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the contrary view, if any. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Inventure Growth and Securities Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Inventure Growth and Securities Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Inventure Growth and Securities Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Neither Inventure Growth and Securities Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information.