Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

US indices see huge intraday volatility as 'vertigo' effect at new highs causes pessimism. US Dollar rebounds even as VIX (volatility index) rises after many days as Amazon results trigger weakness.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices: Asian indices opened weak after seeing huge intraday volatility in the US indices with tech stocks leading a mini selloff. Expect profit booking to be the key for today as most markets digest the smart gains clocked in the month of July.


Nifty hit fresh intraday highs but profit booking and expiry related pressure saw the index give up all gains to close flat. The relentless rise in the index saw the July series see over 5% gains for the Nifty. Traders were seen piling up position in Consumer Durables and Utilities stocks, while selling was witnessed in Healthcare, Telecom and Metal sector stocks. In scrip specific development, Zenotech Laboratories was trading in green after Sun Pharmaceutical Industries raised its stake in the company to over 50 percent.


For today expect profit booking above 10000 as markets assimilate the gains clocked in the month of July. 

The BSE Sensex is currently trading at 32210.81, down by 172.49 points or 0.53% after trading in a range of 32164.16 and 32381.36. There were 7 stocks advancing against 24 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.25%, while Small cap index was up by 0.32%.

The CNX Nifty is currently trading at 9985.10, down by 35.45 points or 0.35% after trading in a range of 9963.05 and 9999.35. There were 19 stocks advancing against 32 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Relcapital

705.40

7.02

Jswenergy

70.10

4.71

Laxmimach

5771.35

4.49

Religare

106.00

4.43

Group ATopLosers

 

 

Drreddy

2481.45

-5.34

Lupin

1065.35

-4.12

Biocon

387.70

-2.86

Sunpharma

557.70

-2.69

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

32225

32535

Nifty

9950

10045

 

Technical view: Nifty finds resistance around 10115 which was yesterday's high while 9950 will act as strong support on the downside. Bank Nifty also finds resistance around 25050 while 24850 will act as support.


 

‘July’ RolloverSnippets          

Markets were on a hot streak in July F&O series. Global cues are conducive as well as local sentiments are at all time high which has led the market to continue its dream run and cross new milestones on daily basis. Short covering was observed across the high Beta stocks as the government had issued a circular that prohibits p-notes from taking any unhedged derivative exposure in the Indian market.

Nifty and Bank Nifty crossed its lifetime high and closed above 10000/24900 on EoE basis for the first time ever. Bank Nifty Index outperformed Nifty Index by ~1.9% as the call option writers in both the indices were taken for a toss during the entire series. Huge build-up of long positions in index future contracts along with short covering in OTM Nifty and Bank Nifty call option strikes propelled markets to a newer height. Long gamma positions were the flavor of the series.

DII's & FII's continued its buying spree posting a buying figure to the tune of ~Rs 3.2k/1.01k Cr. Rollovers of Nifty/Bank Nifty stood at 68% / 76% (1.72cr/25lakh shares) as against 73% / 69% (2.03 Cr/23 Lakh shares). Rollovers for Nifty and Banknifty were lower in terms of total open interest vis-a-vis last month. Based on analysis of the mentioned data, Nifty/ Bank Nifty can face resistance at the higher levels limiting the upside potential for the markets. India Vix index ended the series on a neutral note. On the options front, July series start with the highest open interest put strike at 9800 strike (3.84mn shares) and maximum call strike at 10000 strike (3.01 mn shares).

Nifty Movers: The top gainers on Nifty were HDFC up by 1.89%, Yes Bank up by 1.58%, GAIL India up by 1.56%, Adani Ports & Special Economic Zone up by 1.26% and Indiabulls Housing up by 1.10%. On the flip side, Dr. Reddy’s Lab down by 5.53%, Lupin down by 3.53%, Sun Pharma down by 2.58%, ICICI Bank down by 2.29% and Hindustan Unilever down by 2.13% were the top losers.

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Consumer Durables up by 0.48% and Utilities up by 0.03%, while Healthcare down by 1.67%, Telecom down by 0.96%, Metal down by 0.91%, TECK down by 0.64% and IT down by 0.61% were the losing indices on BSE.

 

 

On the global front: On the global front, Asian markets were trading in red, as investors looked ahead to more corporate earnings due during the session and were cautious on the dollar. China’s registered urban unemployment rate stayed below 4 percent for the second consecutive quarter as the world’s No. 2 economy maintained a robust growth trajectory in 2017’s first half.

Global Signals:The Asian markets were trading in red; Hang Seng decreased 174.83 points or 0.64% to 26,956.34, Nikkei 225 decreased 125.89 points or 0.63% to 19,953.75, Taiwan Weighted decreased 96.84 points or 0.92% to 10,411.53, KOSPI Index decreased 37.64 points or 1.54% to 2,405.60, Jakarta Composite decreased 10.86 points or 0.19% to 5,808.88, Shanghai Composite decreased 2.04 points or 0.06% to 3,247.74 and FTSE Bursa Malaysia KLCI decreased 0.76 points or 0.04% to 1,769.31.

 

SENSEX ERASES ALL GAINS, NIFTY CLOSES FLAT BUT ABOVE 10K: HDFC TWINS GAIN DRL TANKS

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices: Indian equity benchmarks came off day’s highs but trade continued on strong note in late afternoon session with gains of half a per cent each. Buying in Utilities, Banking and FMCG stocks aided the markets, while the broader indices failed to hold the rally and slipped into negative territory.

 Traders took some support with the private report that the Reserve Bank is expected to go for a 25 basis points (bps) repo rate cut in its policy review meet on August 2 as inflation is likely to have reached a new normal of 4 percent. Banking shares were trading higher despite Moody’s latest report that India's banking system remain most vulnerable among South and Southeast Asia, revising the outlook on several Indian banks to stable or negative from positive. 

However, some profit booking ahead of the derivatives expiry of the July series pared some gains.Moody’s also signalled lowered government support to some extent as it appeared reluctant to increase capital injections into the PSU banks, despite the limited ability of these to access equity markets for the much-needed capital. Indian PSBs have experienced significant asset quality problems and capital shortages over the last three years.

The BSE Sensex is currently trading at 32543.19, up by 160.73 points or 0.50% after trading in a range of 32473.12 and 32672.66. There were 12 stocks advancing against 19 stocks declining on the index.The broader indices were trading in red; the BSE Mid cap index was down by 0.22%, while Small cap index was down by 0.46%.

The CNX Nifty is currently trading at 10074.50, up by 53.85 points or 0.54% after trading in a range of 10052.35 and 10114.85. There were 23 stocks advancing against 28 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

HDFC

1728.50

5.83

Godrejcp

1078.30

5.21

Yesbank

1786.75

4.33

GRUH

478.05

4.33

Losers

 

 

Renuka

20.29

-6.45

Lakshvilas

183.35

-6.02

Sreinfra

124.30

-3.42

Orientbank

151.60

-3.35

INDEX PERFORANCE

 

 

Index

Close

% Chg

Sensex

32,383.30

0.84

Nifty

10,020.55

-0.10

Crporate Front: Battery manufacturer Exide Industries today reported a 3.59 per cent decline in net profit at Rs 189 crore for the quarter ended June. It had posted a net profit of Rs 196.05 crore in the corresponding period a year ago, the company said in a filing to the Bombay Stock Exchange. Total income grew by 4.80 per cent to Rs 2,389.57 crore during the quarter under review as against Rs 2,279.93 crore in the year-ago period, Exide Industries said in a BSE filing.

 

Macroeconomic front: An official release said that JDI was concluded on May 30 in Berlin during the fourth Inter-Governmental Consultations between India and Germany between Prime Minister Modi and German Chancellor Angela Merkel to to promote cooperation between German and Indian scientists on fundamental and applied scientific research. It includes areas such as policy support, teaching, training and dissemination of information in the area of sustainable development and climate change through inter-disciplinary/trans-disciplinary research.

 

On the global front: On the global front, European Markets were trading mixed after the US Federal Reserve kept interest rates unchanged and investors reacted to a slew of earnings reports. Asian markets were trading in green. Back home, in scrip specific development, Tamil Nadu Newsprint & Papers (TNPL) was trading jubilantly after the company resumed normal production / operation in the plant from July 27, 2017, pursuant to availability of water.


Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28536.00

0.54

Silver

38530.00

1.15

Crude oil

3137.00

0.16

Natural Gas

187.10

-0.32

Alluminium

123.75

0.16

Copper

409.65

0.38

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Bankex up by 1.10%, Utilities up by 0.28%, FMCG up by 0.27%, Oil & Gas up by 0.06%, and PSU up by 0.02%, while Telecom down by 2.03%, TECK down by 1.15%, IT down by 1.10%, Consumer Durables down by 0.96% and Metal down by 0.73% were the top losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were HDFC up by 6.11%, Yes Bank up by 4.48%, HDFC Bank up by 2.45%, Indusind Bank up by 2.39% and ACC up by 2.15%. On the flip side, BhartiAirtel down by 3.18%, Tata Motors - DVR down by 2.59%, TCS down by 2.29%, Tech Mahindra down by 2.03% and Tata Motors down by 1.80% were the top losers.

 

Global Signals:

All Asian markets were trading in green; Shanghai Composite increased 2.11 points or 0.06% to 3,249.78, FTSE Bursa Malaysia KLCI increased 3.27 points or 0.19% to 1,769.27, KOSPI Index increased 8.73 points or 0.36% to 2,443.24, Jakarta Composite increased 9.81 points or 0.17% to 5,810.02, Nikkei 225 increased 29.48 points or 0.15% to 20,079.64, Taiwan Weighted increased 89.26 points or 0.86% to 10,508.37 and Hang Seng increased 190.15 points or 0.71% to 27,131.17.

European markets were trading mixed; France’s CAC increased 17.65 points or 0.34% to 5,207.82. On the flip side, Germany’s DAX decreased 45.88 points or 0.37% to 12,259.23 and UK’s FTSE 100 decreased 1.13 points or 0.02% to 7,451.19.

 

 

Persistent System-Research Report-Sharetipsinfo

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Company Overview:

Established in 1990, Persistent Systems (BSE & NSE: PERSISTENT) is a global company specializing in software product development services.  For more than two decades, Persistent has been an innovation partner for the world's largest technology brands, leading enterprises and pioneering start-ups. With a global team of 6,600+ employees, Persistent has 350+ customers spread across North America, Europe, and Asia. Today, Persistent focuses on developing best-in-class solutions in four key next-generation technology areas: Cloud Computing, Mobility, BI & Analytics, Collaboration across technology, telecommunications, life sciences, consumer packaged goods, banking & financial services and healthcare verticals.

Business Growth Outlook

The PSL management expects Q4FY2017 to be strong, as it has acquired new logos for its digital business. Further, the recent partnership with Dell Boomi will drive its digital business going ahead.  The company has successfully completed the transition of the IBM IOT business and could be able to take the entire team into its Board. The management foresees traction in this IBM CE/CLM product and expects a strong growth in FY2018; for the nine months ended December 31, 2016, the partnership has fallen short of its revenue target of $50 million (contributed $48 million; the management expects some contribution to come by the end of FY2017).  Digital, Alliance and Accelerite will continue to deliver sustainable growth in the coming years. The management stated that the Services segment (43.9% of total revenue in Q3FY2017) has bottomed out and believes this business may do well in the coming quarters (for Q4FY2017, the management has indicated it could trim some tail-end clients).

Key Points:

Persistent Systems (PSL) delivered better-than-expected revenue growth of 3.6% QoQ at $113 million during Q1FY2018, led by a 2.4% QoQ growth in IP-led revenue and a 3.6% QoQ growth (1.8% QoQ growth in volume and 2.2% QoQ increase in realisations) in IT Services. However, the company delivered lower-than-expected EBITDA margin at 14.3% (down 357BPS QoQ), due to the appreciation of the rupee (120BPS), higher onsite revenue mix, investments in partnerships (90BPS), lower offshore utilisations (40BPS), visa and acquisition expenses (70BPS), investments in sales team (30BPS) and provision of debts (40BPS), partially offset by higher revenue from IP-Led business. Forex gains increased to Rs 18.5 crore (vs negative Rs 2.8 crore in Q4FY2017), resulting in a 3.2% QoQ growth in the adjusted net profit at Rs75.1 crore.

Revenue drivers are intact, but margins to improve gradually:

The management remains optimistic on the prospects of acceleration of its revenue growth going ahead. This is on the back of strong traction in the IOT business, a healthy pipeline of deals in the digital space, deal closures of the reseller contract for IBM IOT solutions, good response for its IP products and strengthening of partnerships with USAA and Partners Healthcare for digital offerings. Further, the company has closed three deals (one deal in India for the legislative assembly of the State of Madhya Pradesh and two deals in USA) in the Service vertical, which is expected to sustain the growth momentum. The management believes that the traction in growth in the service segment will be mainly on account of its strong focus on large and strategic accounts as well as higher adoption of digital technologies in the Enterprise. On margin front, It expects improvement from Q2FY18 onwards despite high investments in sales team, higher onsite mix and developing global delivery centres. The management highlighted the key levers for the margins improvement are (1) higher revenue from IP-Led business, (2) improvement in profitability in IBM Watson, (3) cost control measures.

Acquisition of PARX to strengthen its presence in Europe:

PSL has agreed to acquire ParxWerk AG to strengthen its presence in the European region (5.9% of total revenue as of June 30, 2017) as part of its global expansion strategies. PSL will initially pay CHF 8.5 million (~Rs 58 crore) and will pay an additional CHF 7.5 million (Rs 51 crore) over three years depending on performance. PARX reported revenue of CHF 8 million (~Rs 54 crore) for CY2016. As Parx is a certified partner of Salesforce, we believe this acquisition would provide opportunities to PSL to cross-sell its products.

Outlook and valuation:

We have tweaked estimates for FY2018/FY2019 due to below-than-expected Q1FY18 margin performance and higher onsite mix. We believe there could be pressure to profitability in near-term owing to currency headwinds, shifting from effort-based business model and macro uncertainties. In long term, however, we continue to remain positive on PSL, as the company has been continuously focusing on strengthening its digital capabilities to remain relevant to customers in the ongoing IT industry transition. PSL’s stock price has already gained close to 16% in last three months, we do not see major upside from current levels owing to weak margin performance. Hence, we downgrade our rating on PSL from ‘Buy’ and ‘Hold’ with a target of Rs700.

SENSEX ENDS AT RECORD HIGH NIFTY CLOSES ABOVE 10K FOR FIRST TIME EVER

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices: Indian equity benchmarks traded range-bound in late afternoon session, with Nifty trading around 10,000 mark. Buying in Metal, Realty and Energy stocks along with better earnings result, kept the markets up. Sentiments remained upbeat with report that the government approved an addition of 7.47 lakh new registration applications under the Goods and Services Tax (GST) regime. 

Besides, the report stating that a team of officers, led by the commerce secretary, is holding detailed consultations with states to clear the bottlenecks that are hampering exports, also added some optimism. 

However, traders remained on sidelines ahead of the July derivatives contract expiry tomorrow and the outcome from the Federal Reserve meet later in the day.Gangwar further said that the GST would positively impact the country’s business environment and help the domestic sectors become more competitive.The Minister of State for Finance also said that following the GST implementation, the government will soon come up with an anti-profiteering authority which will help to ensure the benefit of tax reduction is passed on to consumers.

The BSE Sensex is currently closed at 32,382.46 up by 154.19 points or 0.48% after trading in a range of 32226.08 and 32413.63. There were 24 stocks advancing against 7 stocks declining on the index.The broader indices were trading in green; the BSE Mid cap index was up by 0.17%, while Small cap index was up by 0.34%.

The CNX Nifty is currently shut up at 10020, up by 56.10 points or 0.56% after trading in a range of 9965.95 and 10010.80.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Get&D

392.90

19.99

Sparc

359.85

9.18

Jindalstel

151.55

8.37

MMTC

61.60

6.39

Losers

 

 

Renuka

20.29

-6.45

Lakshvilas

183.35

-6.02

Sreinfra

124.30

-3.42

Orientbank

151.60

-3.35

INDEX PERFORANCE

 

 

Index

Close

% Chg

Sensex

32,382.46

0.48

Nifty

10,020.65

0.56

 

Crporate Front:The Goa Government has said that the first phase of Goa's upcoming Mopa international airport will be operational by May 2020. Commenting on the issue, Chief Minister ManoharParrikar told the media, "GMR Goa International Airport Limited (GGIAL) has already started pre-construction work and, as per concession agreement.


 

Macroeconomic front: Leading bourse Bombay Stock Exchange said that it has joined hands with Egyptian Exchange (EGX) for cooperation in exchange of information across business areas. In a statement, EGX Executive Chairman Mohamed Omran said that the exchange aims to cross list and trade securities that would provide new investment alternatives to investors in both markets.

On the global front: On the global front, European markets were trading in green as investors geared up for a rate decision from the US Federal Reserve and continued to digest earnings reports. Asian markets were also trading in green. Back home, in scrip specific development, Indraprastha Gas (IGL) gained after the company revised the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in NCT of Delhi, Noida, Greater Noida and Ghaziabad. This step has been taken by the company in order to offset the overall impact on its costs after transition to GST regime.


Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28333.00

-0.51

Silver

37984.00

-0.8

Crude oil

3117.00

0.87

Natural Gas

189.70

0.05

Alluminium

123.85

-0.08

Copper

407.50

0.37

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Metal up by 1.69%, Realty up by 0.92%, Energy up by 0.78%, Utilities up by 0.77% and Healthcare up by 0.66%, while Telecom down by 0.51%, TECK down by 0.47% and IT down by 0.30% were the losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were Vedanta up by 2.75%, Tata Steel up by 2.56%, Sun Pharma up by 2.13%, IndusInd Bank up by 2.10% and Eicher Motors up by 1.96%. On the flip side, Axis Bank down by 3.03%, Asian Paints down by 1.75%, Zee Entertainment down by 1.60%, ACC down by 1.47% and HCL Tech. down by 1.23% were the top losers.

 

Global Signals:

Asian markets were trading mostly in green; FTSE Bursa Malaysia KLCI increased 1.36 points or 0.08% to 1,764.70, Shanghai Composite increased 3.99 points or 0.12% to 3,247.68, Hang Seng increased 88.97 points or 0.33% to 26,941.02 and Nikkei 225 increased 94.96 points or 0.48% to 20,050.16. On the flip side, Taiwan Weighted decreased 44.04 points or 0.42% to 10,419.11, Jakarta Composite decreased 22.6 points or 0.39% to 5,790.93 and KOSPI Index decreased 5.39 points or 0.22% to 2,434.51.

All European markets were trading in green; France’s CAC increased 35.27 points or 0.68% to 5,196.35, UK’s FTSE 100 increased 46.83 points or 0.63% to 7,481.65 and Germany’s DAX increased 49.01 points or 0.4% to 12,313.32.

 

 

US Dollar rallies from oversold territory as oil advances along with bond yields. S&P index hits fresh all time highs as markets bounce back after 3 days consolidation.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

 

Indian Indices: Asian indices opened firm with the Japanese 'Nikkei' leading gains as US Dollar strength bode well for the Japanese Yen and exporters. Oil rally witnessed gains across the board for energy stocks as markets globally rebound after consolidation.


Nifty hit 10000 and saw profit booking as markets digested an important milestone. Sentiment seems upbeat as Rupee, bonds and earnings till now all seem in consensus with flows being the main driver for stock prices. For today expect positive opening followed by a volatile session as expiry of derivative contracts tomorrow puts pressure on rollovers.


The BSE Sensex is currently trading at 32319.22, up by 90.95 points or 0.28% after trading in a range of 32226.08 and 32320.01. There were 20 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.54%, while Small cap index was up by 0.80%.

The CNX Nifty is currently trading at 9992.50, up by 27.95 points or 0.28% after trading in a range of 9965.95 and 9993.45. There were 31 stocks advancing against 20 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Get&D

392.90

19.99

Sparc

354.40

7.52

JPAssociat

28.70

6.69

Jindalstel

146.85

5.01

Group ATopLosers

 

 

Lakshvilas

189.20

-3.02

Pidilitind

802.95

-3.01

Idea

95.30

-2.56

Axisbank

533.15

-2.11

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

32225

32535

Nifty

9950

10045

 

 

Technical view: Nifty finds support around 9930 while 10000 will act as initial resistance on the upside. Bank Nifty also finds resistance at 24650 while 24250 will act as strong support.


 

 

Union Bank of India (UNIONBANK) (Buy Above 161.25 with Stop Loss at 158 for Target of 167): After consolidating for over nine weeks, the stock has given a breakout on daily chart.  The price breakout has been accompanied with smart uptick in volumes. Other oscillators also indicate that the current momentum is here to stay. We expect UNIONBANK to carry forward the momentum and rally towards the 167 levels in the near term.


EconomicSnippets      

The inter-ministerial group (IMG) set up to address the financial stress in the telecom sector has prepared a draft report recommending steps to benefit the industry.

India's edible oil imports are set to fall for the first time in six years as a surge in local oilseed output cuts into overseas purchases, but intake needs to fall further to fortify the health of the market, the head of a leading importer said.


Unichem Laboratories has received approval from the US health regulator for losartan potassium and hydrochlorothiazide tablets, used in the treatment of hypertension and reduction in risk of strokes in patients with hypertension. (HBL)


 Piramal Financesaid it has sanctioned Rs 400 crore through its vertical - Emerging Corporate Lending (ECL) to fund emerging and mid-market businesses.


 

Nifty Movers: The top gainers on Nifty were GAIL India up by 2.91%, Vedanta up by 2.81%, Tata Steel up by 2.08%, Eicher Motors up by 1.69% and Reliance Industries up by 1.64%. On the flip side, Zee Entertainment down by 1.98%, Axis Bank down by 1.80%, Asian Paints down by 1.75%, BhartiInfratel down by 1.46% and ACC down by 1.14% were the top losers.

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Metal up by 1.71%, Realty up by 1.55%, Utilities up by 1.19%, Energy up by 1.01% and Oil & Gas up by 0.86%, while Telecom down by 0.54%, TECK down by 0.36% and IT down by 0.16% were the only losing indices on BSE.

 

 

 

On the global front: On the global front, Asian markets were trading mostly in red, as investors awaited the Federal Reserve’s policy decision later in the day for more clues on its tightening plans. China’s securities regulator said that it will regulate and expand access to capital markets for all types of investors, while also encouraging more long-term institutional participation.

Global Signals:The Asian markets were trading mostly in red; Taiwan Weighted decreased 41.13 points or 0.39% to 10,422.02, KOSPI Index decreased 8.14 points or 0.33% to 2,431.76, Shanghai Composite decreased 6.86 points or 0.21% to 3,236.83 and FTSE Bursa Malaysia KLCI decreased 0.42 points or 0.02% to 1,762.92.On the other hand, Jakarta Composite increased 6.99 points or 0.12% to 5,820.52, Hang Seng increased 43.5 points or 0.16% to 26,895.55 and Nikkei 225 increased 90.56 points or 0.45% to 20,045.76.

 


Markets consolidate ahead of earnings as liquidity reigns supreme with all falls being bought. US Dollar sees pullback with oil also regaining lost ground while bond yields climb higher.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices: Asian indices opened on a mixed note with most indices trading marginally in the green as the US Dollar saw a smart pullback which saw the Japanese Yen weaken. This week expect more earning related plays as global investors rotate market in the emerging market basket with China seeing strong inflows in the last month.


Nifty came within striking distance of 10000 as Reliance, ITC and HDFC Bank saw strong buying lift the index to near 5 digit levels. Metals and Pharma stocks saw profit booking while Banks, FMCG and Energy stocks led the Nifty higher. For today expect mid-caps will continue to witness more action as large caps take a breather at 10000. 


The BSE Sensex is currently trading at 32266.69, up by 20.82 points or 0.06% after trading in a range of 32209.68 and 32374.30. There were 13 stocks advancing against 18 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.33%, while Small cap index was up by 0.05%.

The CNX Nifty is currently trading at 9969.20, up by 2.80 points or 0.03% after trading in a range of 9954.70 and 10011.30. There were 20 stocks advancing against 31 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Renuka

21.13

8.75

ABFRL

181.70

4.46

IDEA

96.20

4.74

Tatacomm

675.00

4.23

Group ATopLosers

 

 

Fconsumer

42.35

-4.19

Strtech

223.10

-3.67

Videoind

25.20

-3.08

J&KBank

87.90

-2.98

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

32225

32535

Nifty

9950

10045

 

Technical view: Nifty finds strong support around 9900 while 10000 will act as resistance on the upside. Bank Nifty also finds strong support around 24200 while 24550 will act as resistance on the upside.


 

MCX (Buy Above 1166 with Stop Loss at 1126 for Target of 1245): After consolidating for over ten months, the stock has finally given a breakout from a Declining Channel on daily as well as weekly charts. The price breakout has been accompanied with smart uptick in volumes. Other oscillators also indicate that the current momentum is here to stay. We expect MCX to carry forward the momentum and rally towards the Rs 1245 levels in the near term.


EconomicSnippets      

The IMF said global gross domestic product would grow 3.5% in 2017 and 3.6% in 2018, unchanged from estimates issued in April. (ET)


Finance Minister ArunJaitley introduced a bill in LokSabha to amend the Banking Regulation Act 1949.

Godrej Consumer Products foray into the Rs 1,200 crore-professional hair care segment and aims to capture at least 10% of market share in the next two and a half years. (ET)

IndiGoand Jet Airways have introduced additional flights to Doha and Mumbai on a daily basis from Calicut International airport. (Livemint).


Nifty Movers: The top gainers on Nifty were Indiabulls Housing up by 2.54%, BhartiInfratel up by 2.36%, Vedanta up by 1.78%, Hero MotoCorp up by 1.42% and TCS up by 0.88%.
On the flip side, Zee Entertainment down by 1.78%, HCL Tech down by 1.74%, Tata Motors down by 1.51%, Eicher Motors down by 1.50% and Tata Motors - DVR down by 1.02% were the top losers.

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Telecom up by 1.50%, Metal up by 0.46%, Bankex up by 0.40%, Basic Materials up by 0.37% and TECK up by 0.33%, while Capital Goods down by 0.48%, Industrials down by 0.41%, Energy down by 0.29%, Oil & Gas down by 0.22% and FMCG down by 0.20% were the top losing indices on BSE.

 

 

On the global front: On the global front, Asian markets were trading mostly in red. China’s economy is likely to grow at an annual rate of around 6.7 percent in the second half of 2017, slowing slightly from the first half of the year, the State Information Center (SIC) said. It forecast full-year growth in the world’s second largest economy of around 6.8 percent.

Global Signals:The Asian markets were trading mostly in red; Jakarta Composite decreased 14.83 points or 0.26% to 5,786.75, Nikkei 225 decreased 10.47 points or 0.05% to 19,965.20, Hang Seng decreased 10 points or 0.04% to 26,836.83, Shanghai Composite decreased 5.16 points or 0.16% to 3,245.44, KOSPI Index decreased 2.62 points or 0.11% to 2,448.91 and Taiwan Weighted decreased 0.49 points to 10,460.79.On the other hand, FTSE Bursa Malaysia KLCI increased 0.5 points or 0.03% to 1,762.49.

 

SENSEX CLOSES 124 PTS HIGHER, NIFTY HOLDS 9900 BUT MIDCAP UNDERPERFORMS

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices: Indian equity benchmarks traded flat in late afternoon session, as anxiety spread among the investors with Asian Development Bank's (ADB) statement that the goods and services tax is expected to boost growth in the medium term, however there may be some teething pains as firms adjust to the new system. Besides, Finance Minister ArunJaitley said that the government is considering to change the country's financial year to January-December from April-March. Meanwhile, index heavyweight BhartiAirtel fell over 2% after MukeshAmbani launched Jio Phone in RIL's 40th AGM while Idea Cellular also tumbled. 

 However, the markets erased their most of losses in noon deals with taking support from the private report that strong import growth in June points to continued recovery in India's domestic demand and also indicating that economic expansion will accelerate from the April-June quarter. Besides, investors' sentiments were buoyed by earnings results. Meanwhile, foreign investment in Indian real estate sector jumped more than two-fold at $7.6 billion during 2014-16 period compared with the previous three years.

The BSE Sensex is currently trading at 31891.78, down by 12.62 points or 0.04% after trading in a range of 31808.93 and 32062.23. There were 12 stocks advancing against 19 stocks declining on the index.The broader indices were trading in red; the BSE Mid cap index was down by 0.21%, while Small cap index was down by 0.31%.

The CNX Nifty is currently trading at 9867.50, down by 5.80 points or 0.06% after trading in a range of 9838.00 and 9919.85. There were 21 stocks advancing against 30 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Renuka

19.30

16.83

JPAssociat

26.60

15.40

Fretail

436.40

10.75

Stertech

222.15

7.45

Losers

 

 

Dishtv

78.00

-5.85

DHFL

458.45

-3.80

Atul

2298.60

-3.78

Suntv

798.80

-3.50

INDEX PERFORANCE

 

 

Index

Close

% Chg

Sensex

32028.89

0.39

Nifty

9915.25

0.42

 

Crporate Front: The Cabinet approved the 'Modified Implementation Strategy' of BharatNet project for providing broadband connectivity to all gram panchayats by March 2019, according to an official source as per PTI report. "The Cabinet has approved the modified implementation Strategy of BharatNet towards realisation of vision of digital India," the media report said quoting the source.


 

Macroeconomic front: Finance Minister ArunJaitley on Friday told lawmakers that the government is considering to change the country's financial year to January-December from April-March. "The matter of changing financial year is under consideration," Jaitley told lawmakers in a written reply to the lower house of parliament.

 

On the global front: On the global front, European markets were trading in green, supported by a surge in global stocks, as investors awaited a rate decision by the European Central Bank (ECB). Asian markets were also trading in green. Back home, in scrip specific development, ABB India jumped higher after the company reported 13% orders growth in Q2FY18 and 20% orders growth in H1 ending June 30, 2017.


Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28353.00

0.08

Silver

37937.00

0.15

Crude oil

3039.00

0.07

Natural Gas

194.30

-1.22

Alluminium

122.95

0.53

Copper

390.85

0.93

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Energy up by 1.49%, IT up by 1.19%, Consumer Durables up by 0.71%, TECK up by 0.60% and Oil & Gas up by 0.29%, while Telecom down by 1.89%, Realty down by 1.44%, Metal down by 0.98%, Power down by 0.94% and Capital Goods down by 0.86% were the top losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were Wipro up by 6.78%, Reliance Industries up by 2.95%, HCL Tech. up by 1.93%, Coal India up by 1.63% and Zee Entertainment up by 1.20%. On the flip side, BhartiAirtel down by 3.03%, Lupin down by 2.28%, Indiabulls Housing Finance down by 2.17%, Vedanta down by 1.76% and NTPC down by 1.57% were the top losers.

 

Global Signals:

Asian markets were trading mostly in red; Taiwan Weighted decreased 62.66 points or 0.6% to 10,436.70, Jakarta Composite decreased 51.36 points or 0.88% to 5,773.85, Nikkei 225 decreased 44.84 points or 0.22% to 20,099.75, Hang Seng decreased 34.12 points or 0.13% to 26,706.09 and Shanghai Composite decreased 6.88 points or 0.21% to 3,237.98. On the flip side, FTSE Bursa Malaysia KLCI increased 1.51 points or 0.09% to 1,757.14 and KOSPI Index increased 8.22 points or 0.34% to 2,450.06.

All European markets were trading in green; France’s CAC increased 4.31 points or 0.08% to 5,203.53, UK’s FTSE 100 increased 13.48 points or 0.18% to 7,501.35 and Germany’s DAX increased 15.96 points or 0.13% to 12,463.21.

 

 

Euro hits 23 month high versus US Dollar while VIX (volatility index) sinks to recent lows as markets resilient against most political news. Oil retraces recent gains while Gold sees protection buying as yields fall on US treasuries.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices: Asian indices opened flat to marginally weak as US indices closed flat after digesting most political news. With weekend blues ahead expect a range bound day today with currency related plays in stocks/sector.


Nifty saw selling above 9900 for another session as profit booking by local funds dominated proceedings. Mid-cap stocks and the broader market saw selling while large caps saw selective buying in private banks. For today expect 9900 to be the fulcrum point with selling above and buying below in tranches as weekend blues keeps market range bound. 


The BSE Sensex is currently trading at 32037.23, up by 132.83 points or 0.42% after trading in a range of 31931.34 and 32062.23. There were 16 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.19%, while Small cap index was up by 0.31%.

The CNX Nifty is currently trading at 9911.35, up by 38.05 points or 0.39% after trading in a range of 9878.80 and 9919.85. There were 27 stocks advancing against 24 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Strtech

241.70

16.90

JPassociat

25.05

8.68

Wipro

286.85

6.64

IFCI

27.75

5.92

Group ATopLosers

 

 

Appltd

540.55

-3.14

Lupin

1140.00

-2.23

Jublfood

1268.80

-2.27

Bhartiartl

410.90

-2.11

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

31825

32135

Nifty

9850

9945

 

Technical view: Nifty finds strong support around 9850 while 9935 will act as resistance on the upside. Bank Nifty finds strong support around 24000 while 24350 will act as resistance on the upside.


 

Liberty Shoes (Buy Above 207 with Stop Loss at 202 for Target of 215): The stock has been consolidating for over twelve weeks and has finally had broken out from a consolidation phase on the daily as well as the weekly charts. The price outburst has been accompanied with smart uptick in volumes. Other oscillators also indicate that the current momentum is here to stay.


EconomicSnippets      

The Cabinet cleared a 15% hike in salaries for public sector company employees. (ET)


India is expected to achieve the projected growth rate of 7.4 per cent in 2017 and further up 7.6 per cent next year on strong consumption demand, with South Asia leading the growth chart in Asia and the Pacific, an ADB supplement report said.


The RBI will submit a fresh proposal to the government for introducing a new liquidity management tool as it grapples with strong foreign inflows. (BS)


China intends to unilaterally change the status of the tri-junction with Bhutan, which poses a challenge to India's security, External Affairs Minister SushmaSwaraj said.


Nifty Movers: The top gainers on Nifty were Wipro up by 7.11%, Reliance Industries up by 3.28%, Coal India up by 2.23%, HCL Tech up by 1.82% and Zee Entertainment up by 1.33%.  On the flip side, Lupin down by 2.53%, BhartiAirtel down by 2.04%, Cipla down by 1.54%, Power Grid down by 1.01% and Indiabulls Housing down by 0.99% were the top losers.

 

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Energy up by 1.96%, IT up by 1.51%, TECK up by 1.12%, Oil & Gas up by 0.90% and Consumer Durables up by 0.86%, while Telecom down by 0.83%, Realty down by 0.42%, Healthcare down by 0.37%, Power down by 0.12% and Metal down by 0.05% were the top losing indices on BSE.

 

 

On the global front: On the global front, Asian shares were trading mostly in red, taking a breather from recent climbs. Hong Kong’s Hang Seng Index was down, with shares still hovering near highs not seen in two years. The market opened on an upbeat note Friday but retreated shortly after on profit taking. Hong Kong has risen for the last nine days.

Global Signals:The Asian markets were trading mostly in red; Taiwan Weighted decreased 52.08 points or 0.5% to 10,447.28, Nikkei 225 decreased 35.73 points or 0.18% to 20,108.86, Hang Seng decreased 34.43 points or 0.13% to 26,705.78, Jakarta Composite decreased 31.64 points or 0.54% to 5,793.57, Shanghai Composite decreased 6.7 points or 0.21% to 3,238.17 and FTSE Bursa Malaysia KLCI decreased 2.06 points or 0.12% to 1,753.57.On the other hand, KOSPI Index increased 4.22 points or 0.17% to 2,446.06.

 

US indices rally for another day even as Trump reforms seem untenable till 2018. Globally equity rally seems unstoppable with all negative news being ignored as power of liquidity buys every fall.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices: Asian indices opened in the green as overnight most US indices hit new highs with the power of liquidity ignoring all negative news. The market will watch for monetary policy action from the BOJ(Bank of Japan) & the ECB today which will indicate the way forward for equities & fixed income.


Nifty recovered most of the losses of Tuesday with a smart pullback which took the Nifty back to 9900.Bank Nifty hit new highs as financials, metals &Pharma powered the Nifty back with gusto. For today new highs on the Nifty are on the cards with stock specific action as results season plays out with heavyweights Reliance, Kotak Bank & Bajaj Auto declaring results today.


The BSE Sensex is currently trading at 31974.67, up by 19.32 points or 0.06% after trading in a range of 31928.01 and 32057.12. There were 13 stocks advancing against 18 stocks declining on the index. The broader indices were trading mixed; the BSE Mid cap index was down by 0.12%, while Small cap index was up by 0.27%.

The CNX Nifty is currently trading at 9897.10, down by 2.50 points or 0.03% after trading in a range of 9888.55 and 9922.55. There were 20 stocks advancing against 31 stocks declining on the index..

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Strtech

194.20

12.71

Justdial

386.15

8.94

Renuka

16.33

8.79

GPPL

147.85

3.36

Group ATopLosers

 

 

Canbk

353.90

-4.61

Videoind

24.85

-4.97

Wabag

641.40

-4.26

MRPL

126.65

-3.14

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

31680

31950

Nifty

9765

9850

 

Technical view: Nifty finds support around 9850 which was the resistance yesterday while 9930 will act as resistance on the upside. Bank Nifty now finds strong support around 24000 while 24350 will act as resistance on the upside.


 

Britannia (Buy Above 3810 with SL at 3750 for Target of 3930): It is a solid trending stock and after consolidating for over four months Britannia has broken out from an Ascending Triangle pattern on the daily charts. The breakout has been accompanied with credible uptick in traded volumes. The stock has also convincingly bounced from its 21-DMA which further accentuates our bullish stance on the stock.


EconomicSnippets      

CBEC Chairperson VanajaSarna has said that the government has taken a corrective measure and compensation cess hike will not result in rise in cigarette prices.

Import of coking coal from Canada is likely to rise in future keeping pace with the increase in steelmaking capacity in India, the Steel Ministry said in a statement.  

The parliamentary panel on finance is likely to finalise its report on demonetisation of high value currency notes on July 20.

The government may impose anti- dumping duty of up to USD 266 per tonne on a certain type of rubber, used in items like footwear and conveyor belts, from EU, Korea and Thailand.


Nifty Movers:  The top gainers on Nifty were Axis Bank up by 2.92%, ONGC up by 2.33%, Ambuja Cement up by 2.04%, Kotak Mahindra Bank up by 1.62% and Coal India up by 1.20%. On the flip side, Tata Steel down by 1.86%, BhartiInfratel down by 1.22%, Hero MotoCorp down by 1.10%, Infosys down by 1.06% and Asian Paints down by 1.04% were the top losers.

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Realty up by 0.62%, Bankex up by 0.56%, Energy up by 0.30%, Capital Goods up by 0.29% and Power up by 0.21%, while IT down by 0.56%, Metal down by 0.45%, TECK down by 0.42%, Auto down by 0.32% and Healthcare down by 0.21% were the top losing indices on BSE.

 

 

On the global front:On the global front, Asian shares were trading mostly in green. The Bank of Japan kept monetary policy steady and pushed back again the timing for achieving its 2 percent inflation target, reinforcing expectations it will lag well behind major global central banks in dialing back its massive stimulus programme.

Global Signals:The Asian markets were trading mostly in green; Shanghai Composite increased 7.09 points or 0.22% to 3,238.07, KOSPI Index increased 7.21 points or 0.3% to 2,437.15, Jakarta Composite increased 9.29 points or 0.16% to 5,815.98, Hang Seng increased 67.04 points or 0.25% to 26,739.20 and Nikkei 225 increased 123.54 points or 0.62% to 20,144.40. On the other hand, Taiwan Weighted decreased 9.6 points or 0.09% to 10,496.50 and FTSE Bursa Malaysia KLCI decreased 2 points or 0.11% to 1,755.27.

 

Hindustan Unilever Research report exclusively prepared by Sharetipsinfo

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Company Overview:

Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company with a heritage of over 80 years in India. On any given day, nine out of ten Indian households use our products to feel good, look good and get more out of life – giving us a unique opportunity to build a brighter future.With over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers, the Company is a part of the everyday life of millions of consumers across India. Its portfolio includes leading household brands such as Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair & Lovely, Pond’s, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s and Pureit.

HUL works to create a better future every day and helps people feel good, look good and get more out of life with brands and services that are good for them and good for others.

The Company has about 18,000 employees and has a net sales of INR 33895 crores (financial year 2016-17). HUL is a subsidiary of Unilever, one of the world’s leading suppliers of Food, Home Care, Personal Care and Refreshment products with sales in over 190 countries and an annual sales turnover of €52.7 billion in 2016. Unilever has over 67% shareholding in HUL.

Key Points:

Strong improvement in margins:

* Strong quarter on profitability: Revenue grew by 4.9% yoy to Rs85.3bn, led by price hikes; EBITDA grew by 14.1% yoy to Rs18.7bn while APAT grew by 14.9% yoy to Rs12.9bn.

* Volume growth was flat, impacted by thinning of trade pipeline (CSD channel worst hit). If CSD channel was normal, volume growth would have been 2% yoy. Expect sales to normalize in the next few months. Rural growth revival is expected to be gradual.

* Gross margin expanded by 80bps to 52.1%, led by premiumisation and price increases. EBITDA margin came in strong at 21.9%, up 180bps yoy (similar to pre-2004 level). EBITDA margin was aided by lower other expenditure and reduced ad spends.

* We believe HUL is moving into a phase of strong earnings growth, driven by expansion in margins. We upgrade our earnings estimates by 0.5%/2% for FY18E/FY19E and estimate 18.9% CAGR in EPS for FY17-19E. We believe strong earnings would re-rate the stock and maintain ACCUMULATE rating. We assign a P/E of 45x and arrive at a target price of Rs1,250.

 Revenue growth steady while margin performance strong

HUL’s Q1FY18 result was ahead of our expectations on profitability front. Key highlights were: 1) Revenue at Rs85.3bn grew by 4.9% yoy with underlying volume growth flat. Domestic business witnessed a healthy growth of 6% yoy, 2) EBITDA at Rs18.7bn grew by 14.1% yoy, while gross margin was healthy at 52.1% (+80bps), aided by better mix and price. EBITDA margin increased by 180bps yoy to 21.9% on the back of prudent cost management across every line item of P&L and 3) APAT grew by 14.9% yoy to Rs12.9bn.

Volumes marred by CSD, expect things to normalize in H2FY18

Volume got impacted, as trade pipeline in Personal Care and Foods segments contracted due to destocking ahead of GST rollout, with CSD channel being the worst hit. Had CSD channel sales been normal, volume growth would have been 2% yoy. Even in the first half of July, the CSD channel continued to be affected, the same is likely to normalise in few weeks. The company expects overall channel to normalize in the next few months. Rural growth was in line with urban growth, and uptick in rural growth is expected to be gradual. After successful launch of Lever Ayush brand in South India, the company will now roll it out nationally.

Outlook and valuation:

We believe that HUL is gradually moving into a phase of strong earnings growth, driven by margin expansion. We have revised our estimates to factor in lower revenue growth, as the company passed on the benefit of GST and increased our margin estimates to factor in a 300bps improvement in margin during FY17-19E. We have our earnings estimates by 0.5%/2% for FY18E/FY19E. We maintain our ACCUMULATE rating with a price target of Rs1,250.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us