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1
Daily Dossier
12th March 2018
Outlook The Nifty previous day ended 1.90% up at 10,421.40. It closed above the
pivotal resistance of 10400 with a big marubozu candle. Nifty ending the
session above dual resistance zone of 10340 to 10400 led to a short-term
structural change, which may result into further rise towards 10440 and
10470. 30 daily EMA is placed around 10470 may now act as the next
critical resistance. Sharp pullback in the latter half of the session followed
by closing marginally above the 100 daily EMA is encouraging for the
aggressive bulls. Hence, follow through buying especially in the oversold
stocks might be a dominant feature in tomorrow’s market. On a similar
note, intraday retracement towards 10400 might again get bought in for higher resistances placed around
10440 and 10470.
On the Nifty hourly chart; successful closing above 10400, 100 hourly EMA, brightens the possibility of further
rise towards 200 hourly EMA placed around 10470.
Nifty patterns on multiple time frames show, closing above 10400 is a manifestation of a structural change.
Sustained closing may take the Benchmark index towards 10440 and 10470. Further, stock specific recovery in
the oversold ones might be the key feature in tomorrow’s session.
Nifty Crucial Supports & Resistances for tomorrow-
Supports- 10400, 10340 Resistances- 10440, 10470
Jaydeb Dey [email protected] Deepankar Saha [email protected]
Top Stock Drivers For The Day
Name News/Views Impact Interglobe Aviation Ltd. (CMP:1276.70)
Following news came after market hours and likely to react tomorrow:
India IIP for the month of January 2018 came in at 7.5% YoY against 7.1% YoY in December
2017. CPI Inflation decreased to 4.44% in February against 5.07% in January.
DGCA grounded 11 A320 neo aircraft powered by a certain series of Pratt & Whitney
engines following instances of engine failures during flights. Of these, 8 are operated
by IndiGo and 3 by GoAir.
Open positional calls-
T+5 Positional Buy- HCL TECH Fut
(CMP-971.60) on dips around 967 for
the TGT of 997, SL-below 952
10 Trading sessions Positional Buy-
INFOSYS (CMP-1185.75) on dips in
the price range of 1180-1175 for the
TGT of 1225 & 1235, SL-below 1145
BTST Positional Buy- TATA MOTORS
Fut (CMP-353.30) on dips @351 TGT-
359 SL- below 347
Nifty Intraday Chart
2
Intraday Chart of Sensex FII Derivatives Flow (In Crore) 12-03-2018
Institutional Flow (In Crore) 12-03-2018
Market in Retrospect
Energy Markets
Market Turnover (Rs. Crore) 12-03-2018
NIFTY Top Gainers
NIFTY Top Losers
Bulk and Block Deals
Instrument Purchase Sale Net
Index Future 4355.54 1957.92 2397.62
Index Option 58274.01 58314.21 -40.20
Stock Future 8908.64 7926.44 982.20
Stock Option 5635.96 5580.55 55.40
Institution Purchase Sale Net
FII 5309.09 4934.44 374.65
DII 2917.61 3382.20 -464.59 Name Last Previous
NSE Cash *NA 25974.78
NSE F&O 550661.47 481492.44
BSE Cash 4,120.64 3,211.84
BSE F&O 0.52 0.63
Name %5D Day Vol Avg 5 Day Vol %1D
Bharti Airtel 0.02 7,558,993 6,108,807 4.82
Vedanta 0.47 11,167,602 11,354,940 4.36
ITC 4.19 3.78 19,900,387 8,418,915
NTPC 4.11 4.81 2,911,168 3,857,659
IOCL 3.93 5.64 13,848,992 6,044,808
Name %5D Day Vol Avg 5 Day Vol %1D
Asian Paints 2.31 527,293 762,302 0.21
Tech Mahindra 1.79 4,336,200 2,586,101 0.06
SBI 0.16 4.04 25,332,474 25,038,950
Aurobindo Pharma 1.62 2.98 2,692,769 4,148,819
Coal India 2.10 2.67 6,796,993 3,290,883
https://www.nseindia.com/products/content/equities/equities/bulk.htm
http://www.bseindia.com/markets/equity/EQReports/BulknBlockDeals.aspx
Indian equity benchmark indices closed stronger backed by index
heavyweights.
Sensex and Nifty opened gap-up following the global cues as trade-
war concerns took a backseat. They had a positive rally throughout the
session and hit day’s high of 33962.48 and 10433.65 in the final hour
before closing at 33917.94 and 10421.40, up by 1.83% and 1.90%
respectively.
The broader indices also ended the session in green but
underperformed against the benchmark indices. Nifty Midcap and
Nifty Smallcap gained 1.00% and 0.79% respectively from their
previous close. Sectorwise, Nifty PSU bank was the sole loser in
today’s session declining 0.47%. On the other hand, Nifty FMCG was
the top gainer with 2.62%, followed by Nifty Metal and Nifty Pvt Bank
with 2.14% and 1.89% respectively.
Stockwise, Bharti Airtel, Vedanta and ITC were the top gainers with
4.82%, 4.36% and 4.19% respectively, whereas, Coal India, Aurobindo
Pharma and SBI were the top losers with 2.10%, 1.62% and 0.16%
respectively.
In NSE, 856 stocks advanced, 698 declined and 70 remain unchanged.
INDIA VIX was at 14.49 against 14.52 on Friday.
Name Index Net Chng %1D %5D %1M %3M %1Y
NYMEX Crude 61.73 0.35 0.56 1.41 4.05 7.96 27.22
BRENT Crude 65.11 0.43 0.66 0.73 4.38 4.58 24.59
Natural Gas 2.74 0.01 0.29 1.33 6.24 4.82 5.19
*Data not updated till 5:50pm
3
Indian Indices Global Indices (Updated at 4:30 pm)
LME
Bond Markets
Freight
Currency
Agro Commodities
Name Yield Net Chng %1D %5D %1M %3M %1Y
US 2.90 0.01 0.19 0.64 1.43 20.75 12.62
UK 1.50 0.01 0.34 0.13 6.50 22.40 21.61
Brazil 4.91 0.02 0.39 1.40 3.74 7.91 4.43
Japan 0.05 0.00 0.00 23.26 19.70 12.77 40.45
Australia 2.82 0.04 1.26 2.70 3.23 11.87 5.34
India 7.64 0.03 0.39 0.50 1.89 6.35 10.68
Switzerland 0.10 0.02 13.04 47.06 50.25 168.49 72.41
Germany 0.64 0.01 1.54 0.78 15.72 103.19 31.55
Name Index Net Chng %1D %5D %1M %3M %1Y
Sensex 33917.94 610.80 1.83 0.51 1.12 2.08 17.18
Nifty 10421.40 194.55 1.90 0.60 1.12 1.77 16.64
BSE M Cap 16108.27 121.00 0.76 1.20 4.42 4.87 20.52
BSE S Cap 17403.29 97.37 0.56 2.71 5.74 4.00 27.92
Nifty MC 100 18960.75 187.60 1.00 1.90 5.90 4.94 16.39
BSE Auto 24588.62 335.17 1.38 0.63 2.85 2.76 12.84
BSE Capgoods 18693.41 228.70 1.24 0.77 4.42 2.02 21.16
BSE FMCG 10498.10 219.37 2.13 1.10 0.86 0.18 19.39
BSE Metal 14322.20 325.30 2.32 1.46 6.11 4.70 23.95
BSE Oil&Gas 15373.44 321.28 2.13 0.88 1.69 3.87 15.75
BSE Healthcare 13541.82 92.04 0.68 2.91 6.72 3.49 10.76
BSE Power 2170.89 34.06 1.59 1.12 4.52 4.55 0.64
BSE Realty 2397.67 12.15 0.51 1.41 4.78 0.44 62.62
BSE ConsDur 21437.00 91.86 0.43 1.64 0.60 1.95 54.34
BSE Bank 27784.70 437.70 1.60 0.60 4.45 2.37 17.60
BSE IT 12582.39 179.57 1.45 0.77 4.29 15.56 20.33
Name Index Net Chng %1D %5D %1M %3M %1Y
Baltic Dry 1201.00 4.00 0.33 0.74 6.95 31.10 10.59
Baltic Dirty 653.00 2.00 0.31 1.66 2.03 19.58 23.18
Name Rate Net Chng %1D %5D %1M %3M %1Y
INR 65.01 0.15 0.23 0.15 1.08 0.95 2.45
USD Index 90.08 0.01 0.01 0.00 0.14 4.27 11.03
YUAN 6.33 0.01 0.13 0.37 0.02 4.67 9.30
GBP 1.39 0.00 0.04 0.07 0.28 4.06 13.24
EUR 1.23 0.00 0.02 0.20 0.28 4.99 15.48
YEN 106.60 0.22 0.21 0.40 1.96 6.59 7.65
Name Index Net Chng %1D %5D %1M %3M %1Y
Dow Jones 25335.74 440.53 1.77 3.25 2.99 3.39 21.21
Nasdaq 7560.81 132.87 1.79 4.17 8.29 10.18 28.99
S&P 500 2786.57 47.60 1.74 3.54 4.92 4.60 17.45
FTSE100 7225.53 1.73 0.02 1.55 0.69 3.66 1.59
CAC40 5286.63 13.80 0.26 2.34 2.88 2.56 5.91
DAX 12427.32 79.44 0.64 2.77 1.17 5.75 3.87
Mexico IPC 48556.45 316.45 0.66 2.12 1.52 1.80 3.09
Brazil Bovespa 86371.41 1386.80 1.63 0.71 6.76 17.01 33.55
Russian RTS 1288.90 3.22 0.25 2.15 6.84 12.08 22.05
Japan Nikkei 21824.03 354.83 1.65 3.72 2.06 4.56 11.32
Hang Seng 31594.33 598.12 1.93 5.71 7.25 9.73 34.05
Taiwan Index 11002.10 137.28 1.26 3.38 5.58 5.35 14.27
Shanghai Comp 3326.70 19.53 0.59 2.14 5.47 1.40 3.55
KOSPI 2484.12 24.67 1.00 4.59 4.14 0.94 18.44
Malaysia KLCI 1861.22 17.30 0.94 1.01 1.70 7.61 8.36
Jakarta Comp 6500.69 67.36 1.05 0.76 0.35 7.76 20.59
Philippine SE 8453.50 80.99 0.97 0.80 0.41 1.43 18.29
Thai Exch 1800.32 24.95 1.41 0.47 0.05 5.77 16.91
Name Price Net Chng %1D %5D %1M %3M %1Y
Coffee 119.90 0.25 0.21 0.99 2.91 0.62 22.47
Cotton 83.89 0.63 0.75 1.57 8.32 14.14 11.73
Sugar 12.80 0.04 0.31 5.60 5.95 6.50 30.13
Wheat 483.75 5.50 1.12 5.01 1.63 14.09 4.63
Soybean 1037.75 1.50 0.14 3.69 2.49 3.96 2.90
Name Index Net Chng %1D %5D %1M %3M %1Y
Gold($/Ounce) 1316.91 6.67 0.50 0.27 0.46 5.79 9.29
Silver($/Ounce) 16.48 0.12 0.75 0.23 0.50 4.69 3.37
Aluminium 2099.75 14.25 0.68 1.82 0.99 5.41 13.18
Copper 6937.50 137.75 2.03 1.08 3.36 6.13 22.30
Zinc 3276.25 49.75 1.54 2.43 3.98 6.03 22.73
Lead 2374.75 39.25 1.68 2.76 6.36 2.96 5.61
4
News Impact Domestic News
Eicher Motors ends JV with US partner Polaris Industries
Eicher Motors Ltd has decided to shut its joint venture (JV) Eicher Polaris Pvt. Ltd (EPPL) with US-based
Polaris Industries Inc. as sales of its personal utility vehicle Multix dropped to unsustainable levels. The JV
was incorporated in 2012 and its only product, Multix, was launched in 2015 from a manufacturing ca-
pacity established on the outskirts of Jaipur, Rajasthan. As of 31 December 2017, Eicher Motors had in-
vested INR289.50 crore in the joint venture and the amount invested so far, together with additional in-
vestments, as required to close down the operations, shall be written down.
L&T, NPCIL joint venture bags INR442 crore order
Larsen & Toubro announced that its joint venture with Nuclear Power Corporation of India Ltd (NPCIL),
had received INR442 crore order for supply of forgings for nuclear steam generators. These forgings will
be used in the manufacturing of the critical equipment for six new indigenous pressurized heavy water
reactors.
Airtel to raise INR16,500 crore for refinancing debt, spectrum payment
Telecom major Bharti Airtel Ltd received approval from the board to raise up to INR16,500 crore for refi-
nancing debt and paying for spectrum liabilities. The board of the company approved “issuance of non-
convertible debentures (NCDs) of up to INR10,000 crore on a private placement basis” and “issuance of
foreign currency bonds up to a limit of USD1 billion or equivalent in one or more tranches. Airtel will now
approach shareholders for final approval of the propose raising of debt. As on 31 December, 2017, the
company’s consolidated net debt stood at INR91,714 crore higher than INR91,480 crore in the previous
quarter.
SC to consider auction of Unitech’s unencumbered assets to refund home buyers
The Supreme Court said that it will consider auctioning Unitech’s unencumbered properties to raise mon-
ey to refund home buyers. To proceed with this, the court has asked the realtor to furnish a complete list
of its unencumbered assets in India and abroad. This would also include the details of personal assets of
the company’s promoters. On 5 March, the court had asked the company to submit an affidavit with the
complete details of assets, for which the company sought more time on Monday.
5
News Impact
Bharti Airtel board approves mega INR16500 crore fund-raise
The Bharti Airtel board has approved plans to raise upto a whopping INR16500 crore through a mix of
privately placed non-convertible debentures (NCDs) and a foreign currency bonds float for conducting
treasury operations, including refinancing of debt and spectrum liabilities. The fund raised from the issu-
ance of aforesaid debt securities shall be used for routine treasury activities, including refinancing of ex-
isting debt and spectrum liabilities.
Suzlon bags order for developing 75MW wind energy project
Suzlon has bagged an order for development of 75 megawatt (MW) wind energy project from an inde-
pendent power producer through Maharashtra State Electricity Distribution Company Ltd (MSEDCL) bid.
Suzlon will install around 36 units of S111-140m wind turbine generators (WTGs) with rated capacity of
2.1 MW each. The project will be located in Maharashtra and will be commissioned as per MSEDCL bid
guidelines.
6
CORPORATE ACTION BONUS / RIGHTS / STOCK SPLIT / DIVIDEND / FCCB / M&A / WARRANTS ETC.
Domestic Events
Company Record Date Ex-Date Details
Oil & Natural Gas Corp Ltd Cash dividend of INR2.25 effective 13-03-2018
Corp Bank Corporate meeting effective 13-03-2018
Kallam Spinning Mills Ltd Corporate meeting effective 13-03-2018
Bank of Baroda Corporate meeting effective 13-03-2018
Events
Global Events
The U.S. Inflation for February 2018
India Current Account Balance for Q4 2018 .
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.
8
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