Market Watch MORNING BRIEFS

Transcription

1 Market Watch 10th JANUARY 2017 MORNING BRIEFS GLOBAL INDICES LTP (PTS) (%) DOW JONES NASDAQ S&P FTSE DAX HANG SENG NIKKEI SHANGHAI INDIAN MAJOR INDEX LTP (PTS) (%) NIFTY BANK NIFTY INDIA VIX SENSEX NIFTY MIDCAP NIFTY SMALLCAP MCX & FOREX LTP (PTS) (%) GOLD 28, SILVER 40, CRUDEOIL 3, USDINR FII & DII DAILY ACTIVITY BUY VALUE SELL VALUE NET VALUE CASH (FII) CASH(DII) INDEX FUTURE INDEX OPTION STOCK FUTURE STOCK OPTION MARKET CLOSING BRIEFS: Key equity benchmark indices registered small losses in a lacklustre trading session. The barometer index, the S&P BSE Sensex, fell points or 0.12% to settle at 26, The Nifty 50 index fell 7.75 points or 0.09% to settle at 8, Market sentiment was sombre amid weakness in European stock indices and mixed trend among Asian peers. Overseas, major European stock indices edged lower amid steep losses in Deutsche Lufthansa AG, William Hill PLC and Fresenius after these companies gave a discouraging update on their businesses. Asian stocks were mixed. US stocks registered modest gains on Friday, 6 January 2017 as gains in the technology, industrials and healthcare sectors led shares higher. US nonfarm payrolls rose by 156,000 jobs last month, the Labor Department said on Friday, 6 January Chicago Federal Reserve President Charles Evans on Friday, 6 January 2017 reportedly said that US economic conditions are likely to call for two interest-rate hikes in 2017, but a forecast of three hikes is not implausible. MARKET TODAY S VIEW: Domestic equity markets are likely to open on a flat note with positive bias on Tuesday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. SGX NIFTY: % MARKET BREADTH: ADVANCE 2417 DECLINE 1957 UND 116 ECONOMIC CALENDER: Events to Watch for the Day Country Event Estimate Prior CHINA CPI (YoY)(Dec) 2.3% 2.3% US JOLTs Job Openings (Nov) 5.555M Peerless Securities Ltd. Peerless Mansion, 1 For Private Circulation Only

2 SECTORAL INDICES: NIFTY SHORT TERM OUTLOOK: Nifty faces resistance at 38.2% retracement mark The Nifty opened higher but ended the trading session on a negative note. After giving a breakout, it has faced resistance at 8300 (Upper Bollinger Band and 38.2% retracement level). As mentioned last week, we saw a Bullish Engulfing pattern on the weekly chart and double bottom formation in daily chart. A positive close this week has confirmed that the Nifty could inch higher in the coming weeks. However, it is trading above its daily moving averages. We maintain our bullish outlook on the Nifty for a short-term target of 8430 with reversal being INDEX TECHNICAL SNAPSHOTS INDICATIONS NIFTY FUTURE BANK NIFTY FUTURE S S PIVOT R R PRICE- OI ANALYSIS Peerless Securities Ltd. Peerless Mansion, 2 For Private Circulation Only

3 NIFTY PRICE- OI CONCENTRATION: AS PER THE GIVEN GRAPH OF OPEN INTEREST CONCENTRATION OF NIFTY, OPEN INTEREST IN CALL OPTION IS HIGHER AT STRIKE PRICE 8300 LEVEL AND PUT OPTION OPEN INTEREST PUT OPTION IS HIGHER AT STRIKE PRICE STOCK FUTURE PRICE - OI ANALYSIS: LONG BUILD UP STOCKS SYMBOL LTP OI VOL. JPASSOCIAT % 3.74% % PNB % 5.86% % IDBI % 7.46% % IDEA % 2.04% % IDFCBANK % 2.44% 36.27% LONG UNWINDING STOCKS SYMBOL LTP OI VOL. JSWENERGY % -0.58% % WOCKPHARMA % -3.16% % TATAPOWER % -0.16% % TATAGLOBAL % -0.08% % ACC % -0.42% % SHORT COVERING STOCKS SYMBOL LTP OI VOL. MCLEODRUSS % -4.83% % FEDERALBNK % -0.32% % ANDHRABANK % -0.39% -1.12% DISHTV % -0.18% % JISLJALEQS % -0.14% 30.93% SHORT BUILDUP STOCKS SYMBOL LTP OI VOL. GRANULES % 35.85% % RCOM % 3.17% % IDFC % 5.18% 6.04% ONGC % 7.69% % INFY % 13.33% % Peerless Securities Ltd. Peerless Mansion, 3 For Private Circulation Only

4 STOCK IN NEWS Bank of Baroda: State-run Bank of Baroda on Monday reduced home loan rates by 70 basis points to the industry's lowest level of 8.35 per cent that will be applicable for customers having a strong Cibil scores. Max Ventures: Max Ventures and Industries part of Analjit Singh-led Max Group on Monday announced a Rs crore fund raising plan, which includes sale of per cent stake to a subsidiary of New York Life Insurance Company for Rs 121 crore. Engineers India: The company has received contract worth Rs 2,500 crore from HPCL for Vizag Refinery. Axis Bank: Private sector Axis Bank became the third lender in the country to announce usage of block chain solutions for its operations, after its peers ICICI Bank and Yes Bank. The Shikha Sharma-led bank, the third largest private sector lender, will be using the upcoming technology for cross-border remittances, it said in a statement. Ajanta Pharma: The pharma company on Monday announced the receipt of final approval for Duloxetine Hydrochloride Delayed Release Capsules from USFDA. It is a bioequivalent generic version of Cymbalta 1 Delayed Release Capsules. Company will be launching the product shortly in 3 strengths, 20 mg, 30 mg and 60 mg strengths capsules. Tata Elxsi: The company on Monday announced the adoption of the V2X test system by CAICT, a scientific research institute directly under the Ministry of Industry and Information Technology of China. This next generation test system is developed in partnership with Spirent, a global leader in test solutions for automotive networking and communications. It provides a flexible, scalable and comprehensive test environment for testing and performance benchmarking of V2X applications, in various stages of the development cycle, right from early research up to pre-production. JSW Steel: The company said it has registered a 43 per cent growth in crude steel production at 3.86 million tonnes in the third quarter of the ongoing fiscal. Piramal Enterprises: Piramal Enterprises Chairman Ajay Piramal may consolidate his control in Shriram Capital, the holding company of the financial services entities of Chennai-based Shriram group, by increasing his stake to one third from one fifth and naming a key executive as the firm's chief executive officer. ONGC: Gujarat State Petroleum Corp (GSPC) will buy entire output at a predetermined price from the KG Basin gas field that it has agreed to sell to Oil and Natural Gas Corp (ONGC) for $1billion, a key provision that addressed gas pricing concerns of India's largest crude producer and helped seal the deal, senior executives at the two firms said. EVENTS & RESULT CALENDER EVENT - RESULT CALENDER BONUS BOARD MEETINGS EGM RESULTS - IndusInd Bank Ltd - IndusInd Bank Ltd - ISGEC Heavy Engineering Ltd - - Peerless Securities Ltd. Peerless Mansion, 4 For Private Circulation Only

5 IPO & MF NEWS Current IPO IPO Name Issue Size (Rs. In Cr.) Issue Type Price Band (Rs.) Open/Close Date Maheshwari Logistics Ltd Fixed Price - SME to Dec to 06-Jan LARGE CAP RETURNS (%) Birla SL Frontline Equity (G) SMALL & MID CAP RETURNS (%) DSP-BR Micro Cap Fund - RP (G) DIVERSIFIED EQUITY RETURNS (%) ICICI Pru Value Discovery Fund (G) THEMATIC - INFRASTRUCTURE RETURNS (%) Franklin Build India Fund (G) ELSS RETURNS (%) Birla SL Tax Relief 96 (G) INDEX» RETURNS (%) Kotak Nifty ETF BALANCED» RETURNS (%) Birla Sun Life Bal. 95 Fund (G) DEBT LONG TERM» RETURNS (%) HDFC High Interest - Dynamic (G) DEBT SHORT TERM» RETURNS (%) Axis Short Term Fund (G) ULTRA SHORT TERM DEBT RETURNS (%) Axis Banking & PSU Debt Fund (G) CREDIT OPPORTUNITIES FUNDS RETURNS (%) Birla SL Short Term Opp-RP (G) Peerless Securities Ltd. Peerless Mansion, 5 For Private Circulation Only

6 GILT LONG TERM RETURNS (%) HDFC Gilt Fund- LTP (G) MIP AGGRESSIVE RETURNS (%) Birla SL MIP II-Wealth 25 (G) LIQUID RETURNS (%) Indiabulls Liquid Fund (G) CNX NIFTY HEAT MAP Source data: moneycontrol.com, cnbc.com, capitalmarket.com, economictimes.com, businessstandards.com, nseindia.com, bseindia.com, sgxnifty.org, ndtvprofit.com, forexlive.com, reuters.com, icharts.in, investing.com Peerless Securities Ltd. Peerless Mansion, 6 For Private Circulation Only

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