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23RD FEB 2016

Husains

MARKET WRAP

The market ended higher with the Sensex at 23788.79, up 79.64 points or 0.3

percent. The Nifty was up 23.80 points or 0.3 percent at 7234.55. About 1388

shares have advanced, 1163 shares declined, and 150 shares are unchanged.

HUL, Sun Pharma, Reliance, Lupin and Cipla were top gainers while NTPC, ITC,

Maruti, Adani Ports and Wipro are top losers in the Sensex.

BROAD MARKET INDICES

INDEX P. CLOSE OPEN HIGH LOW CLOSE %CHANGE

NIFTY 50 7,210.75 7,208.85 7,252.40 7,200.70 7,235.95 0.35%

NIFTY NEXT 50 17,334.75 17,416.15 17,455.95 17,332.15 17,440.45 0.61%

NIFTY100 LIQ15 2,697.50 2,704.20 2,714.85 2,682.50 2,694.80 -0.10%

NIFTY MIDCAP 50 2,807.10 2,820.60 2,833.35 2,807.95 2,819.30 0.43%

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ASIAN INDEXES

INDEX OPEN HIGH LOW CLOSE %CHANGE

NIKKEI 225 15,851.39 16,187.40 15,816.53 16,111.05 0.90%

HANG SENG 19,374.24 19,524.97 19,374.24 19,464.09 0.93%

TAIWAN 8,315.79 8,396.62 8,296.18 8,326.68 0.02%

SSE 2,888.60 2,933.96 2,880.35 2,927.73 2.37%

INDIAN MAJOR SECTORAL INDICES

INDEX P. CLOSE OPEN HIGH LOW CURRENT %CHANGE

NIFTY BANK 14,344.20 14,331.20 14,467.15 14,322.65 14,374.25 0.21%

NIFTY FIN SERVICE 5,954.20 5,938.75 5,986.90 5,936.95 5,959.80 0.09%

NIFTY PHARMA 11,341.65 11,412.35 11,505.05 11,378.90 11,474.35 1.26%

NIFTY IT 10,768.90 10,778.80 10,778.80 10,691.35 10,728.25 -0.38%


STOCK UPDATE

Maruti falls 2% on Haryana shutdown; 5000

units per day hit

Shares of Maruti Suzuki India fell over 2 percent intraday on Monday. The auto

manufacturer is reeling under Jat reservation agitation in Haryana. "Due to agitation

in Rohtak, supplies of certain components have been disrupted. The company

has temporarily suspended manufacturing cars at Manesar and Gurgaon starting

February 20," it said in a statement to BSE.

It also said that Maruti is making efforts to arrange components from other sources.

Once the supply of components is restored, nomral operations will resume. Maruti

manufactures 5000 vehicles per day in Manesar and Gurgaon. This may spell more

trouble for Maruti as its sales performance in January was not impressive at all.


STOCK UPDATE

IDBI Bank up 3%; to raise Rs 1500cr via

preferential issue

Shares of IDBI Bank gained nearly 3 percent intraday Monday as it is going to raise

Rs 1500 crore via preferential issue of capital.

The company at its meeting held on February 20, 2016 approved the proposal for

preferential issue to Life Insurance Corporation of India aggregating upto Rs 1500

crore which is subject to Government of India's approval. Earlier in this month, the

company had approved issuance of Basel III compliant Additional Tier 1 (AT 1) bonds

in offshore markets upto USD 500 million to enhance Tier 1 capital of the Bank.

At 09:26 hrs IDBI Bank was quoting at Rs 55.80, up Rs 0.95, or 1.73 percent on the

BSE.


RECOMMENDED

CASTROLIND :-

CASH CALL BUY CASHTROLIND AROUND 398-400 TGT 403/407/410 SL 393.

CASTROLIND IS MAKING THE SYMMETRICAL TRIANGLE IN THE INDRADAY CHART AND

INDICATOR’S LIKE RSI SHOWING A GOOD BUY SIGNAL IN THE DAILY CHART ‘ SO RECOMMEND

YOU TO BUY CASTROLIND AROUND 398-400 WITH THE ULTIMATE TARGET 410.


RECOMMENDED

ONGC:-

CASH CALL BUY ONGC AT 211 TGT 213/215/217 SL 207.

IN THE ONGC CHART 210 IS A GOOD SUPPORT LEVEL AND INDICATOR LIKE RSI ,PSAR IS ALSO

SHOWING A GOOD BUY SIGNAL IN DAILY CHART SO WE RECOMMEND YOU TO BUY ONGC AT

211 WITH TARGET’S OF 213/215/217 ,


Business

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