Embed Size (px)
DESCRIPTION
Indian equity benchmarks altering between positive and negative territory, were trading flat with bit of negative bias as investors and foreign funds were adopting a cautious approach, amid concerns over a weak trend at other Asian markets.
Citation preview
SHARETIPSINFO.COM
OCT 16th, 2014
MID SESSION REPORT
Major Headlines:
Market Summary:
Microeconomic Front:
Corporate Front:
Currency Updates:
Events for the day:
Global Signals:
Sectoral & Stock Screening:
SHARETIPSINFO.COM
Sensex, Nifty amid consolidation; Nifty holds 7850
THE INDIAN MARKETS ARE CONTINUED TO CONSOLIDATE AHEAD OF MAHARASHTRA AND HARYANA
ASSEMBLY ELECTION RESULTS. DOMESTIC CUES POSITIVELY STACKED IN FAVOUR OF INDIA.
Major headlines:
Ranbaxy to pay $40 million to settle Texes litigation
Tata in talks to sell UK steel plants to Swiss group Klesch
DLF rebounds almost 10 pct from record low on value
buying
INDEX PERFORMANCE
Indices Support Resistance
Sensex 26190 26529
Nifty 7815 7919
Indian Indices: Indian equity benchmarks altering between positive and negative territory, were trading flat with bit of negative bias as
investors and foreign funds were adopting a cautious approach, amid
concerns over a weak trend at other Asian markets in line with
overnight losses in European and the US markets due to worries over the global economy. Besides, a widening trade deficit to 18-month
high in September also influenced market sentiments. India’s trade
deficit widened to more than double at $14.25 billion in month of September as compared to $6.12 billion in the same month previous
year as exports grew marginally and imports continued to expand at
higher pace However, losses remained capped as Indirect tax collections grew by 5.8 percent to Rs 2.42 lakh crore during April-
September period of current fiscal as compared to Rs 2.29 lakh crore
during the same period of previous financial year.
The BSE Sensex is currently trading at 26340.64 down by 8.69 points
or 0.03% after trading in a range of 26462.08 and 26248.47. There were 16 stocks advancing against 14 stocks declining on the index.
The broader indices were trading in red; the BSE Mid cap index was
down by 0.28%, while Small cap index was down by 0.34%.
The CNX Nifty is currently trading at 7,856.35 down by 7.65 points or 0.10% after trading in a range of 7,893.90 and 7,836.45. There
were 23 stocks advancing against 27 declining on the index.
MARKET INDICATORS
Group A Top Gainers
Company Price (Rs) % chg
Ceat ltd 858.60 8.57
Cyient 478.90 6.86
DLF 111.40 6.15
Dbcorp 371.00 5.32
Group A Top Losers
Star 667.20 -16.12
GSFC 114.00 -5.59
DEN 175.25 -5.47
Rasoypr 6.17 -4.93
Market Statistics
BSE NSE
Advances 917 502
Declines 1199 800
Market Sentiment:
The market breadth on the BSE was negative; there
were 917 shares on the gaining side against 1199
shares on the losing side while 93 shares remain unchanged.
Events for the day:
*Foreign Buying Japan Bonds(Yen) *Foreign Buying Japan Stocks(Yen)
Results:
|Crompton Greaves| |Hero Motocorp| | Federal Bank|
IPO: New Listing : Momai Apparels $ Atishay
SHARETIPSINFO.COM
Microeconomic Front: India and Finland today signed 19 agreements including one for peaceful use of nuclear energy as well as
management of radioactive waste from atomic power plants as President Pranab Mukherjee began his
two-day visit to the key Scandinavian country, reported PTI. The president, who arrived last night, began
his visit to Finland after inspecting a guard of honour.
Corporate Front:
Insurance Regulatory and Development Authority (Irda) will align its corporate governance and disclosure norms in accordance with the new Companies Act, 2013, reported PTI. For this, Irda has set
up a 12-member committee under its member R K Nair. "In order to bring harmony between the
corporate governance and disclosure requirements of the Authority and the Companies Act, 2013.
Currency Updates:
Top Currencies Rates based on USD rates:
Currency Unit USD / Unit Unit / USD
USD 1.00000 1.00000
EUR 0.78016 1.28179
GBP 0.62592 1.59765
CAD 1.12650 0.88770
AUD 1.13738 0.87921
JPY 106.133 0.00942
INR 61.4951 0.01626
On the Global Front:
Asian markets were trading on a weak note as
concerns over global growth outlook refused to fade. Furthermore, stocks on Wall Street ended lower as
participants continued to trim positions on rising
worries that global growth concerns could hurt earnings of US companies. Back home, Indian rupee
lost 15 paise to 61.56 against the US dollar in early
trade due to increased demand for the US currency
from importers amidst capital outflows.
Asian markets trade mostly in the red; Nikkei 225 tumbled by 2.02%, Hang Seng slipped 0.54%,
KOSPI Index declined 0.41%, Straits Times decreased by 1.26%, Jakarta Composite dipped
0.10% and FTSE Bursa Malaysia KLCI contracted
by 0.69%. On the flip side, Shanghai Composite was up by 0.55% and Taiwan Weighted was up by
0.02%.
Nifty Movers:
The top gainers on Nifty were DLF up by 5.62%,
NMDC up by 2.01%, TCS up by 1.68%, Hero MotoCorp up by 1.35% and GAIL India up by
1.32%. On the flip side, Hindalco down by 3.15%,
Ultratech Cement down by 2.90%, Cairn India down by 2.39%, Sesa Sterlite down by 2.32% and Tata
Power down by 2.30% were the top losers.
Top Sectoral & Stock Screening:
The gaining sectoral indices on the BSE were Realty up by 1.32%, FMCG up by 0.40%, IT up by 0.29%,
TECK up by 0.12% and Auto up by 0.12%, while Consumer Durables down by 0.97%, Power down
by 0.96%, Capital Goods down by 0.77%, Metal
down by 0.72% and Oil & Gas down by 0.66% were
the losing indices on BSE.
