Market Pulse

16-Mar-18: Fresh selling in index pivotals pulled the key benchmark indices to intraday low in early afternoon trade.

At 12:30 IST, the barometer index, the S&P BSE Sensex, was down 276.96 points or 0.82% at 33,408.58. The Nifty 50 index was down 87.50 points or 0.84% at 10,272.65. Index heavyweights Reliance Industries (RIL), HDFC and ITC dropped. Metal and mining stocks declined.

Trading for the day began on a dull note as the key benchmark indices edged lower in early trade on negative Asian stocks. Stocks extended fall in morning trade. Key benchmark indices hovered near day's low in mid-morning trade.

The S&P BSE Mid-Cap index was down 0.27%. The S&P BSE Small-Cap index was down 0.13%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, turned negative from positive in early afternoon trade. On the BSE, 1,398 shares declined and 1,053 shares rose. A total of 142 shares were unchanged. Breadth was strong in early trade.

Tata Motors (down 2.56%), ONGC (down 2.18%) and Reliance Industries (down 1.49%) edged lower from the Sensex pack.

L&T fell 0.39%. The Railways Strategic Business Unit of L&T Construction's Transportation Infrastructure Business has signed a contract worth Rs 2864 crore with the Dedicated Freight Corridor Corporation of India (DFCCIL). The scope of work includes construction of single railway track including yards, 75 major & 588 minor bridges, 1 rail over bridge modification, 4 rail flyovers, 21 stations along with construction of all associated works. The announcement was made during market hours today, 16 March 2018.

Drug major Dr Reddy's Laboratories (DRL) fell 0.06%. DRL during market hours today, 16 March 2018 said that the company has launched levocetirizine dihydrochloride tablets USP, 5 mg, an over-the-counter therapeutic equivalent generic version of Xyzal allergy 24HR tablets, in the US market as approved by the US Food and Drug Administration (USFDA).

Levocetirizine dihydrochloride tablets are used for 24-hour relief of allergy symptoms such as watery eyes, runny nose, itching eyes/nose and sneezing. According to IRI sales data, Xyzal allergy tablets had sales of about $71 million in the US market for the 12-month period ended January 2018.

Metal and mining stocks declined. Vedanta (down 1.01%), JSW Steel (down 1.34%), Tata Steel (down 2.33%), Steel Authority of India (Sail) (down 1.86%), National Aluminium Company (down 1.52%), Hindustan Zinc (down 0.69%), Jindal Steel & Power (down 1.8%), Hindalco Industries (down 0.69%), NMDC (down 0.2%) and Hindustan Copper (down 2.02%) edged lower.

Copper edged higher in the global commodities market. High Grade Copper for May 2018 delivery was currently up 0.42% at $3.1405 per pound on the COMEX.

Neuland Laboratories rose 4.34% to Rs 732.50 after a domestic brokerage initiated coverage on the stock with a 'buy' rating and target price of Rs 1,065. The brokerage said in a report that Neuland Laboratories is likely to report a strong recovery in the next fiscal. It expects 19% compounded growth rate in revenue and 800 basis point margin expansion and seven times earnings over the fiscal 2018-2020, it added.

Indian Hotels Company was down 1.05% to Rs 131.60 after the company's promoters exchanged shares via bulk deals yesterday, 15 March 2018. Indian Hotels Company (IHCL) witnessed promoter holding rejig through open market transactions on 15 March 2018 on the BSE at an average price of Rs 130.40 per share. Sir Ratan Tata Trust sold 1.10 crore shares. Sir Dorabji Tata Trust offloaded 5.02 crore shares. Lady Tata Memorial Trust disposed of 1.77 crore shares. Tata Sons purchased 7.89 crore shares. Sir Ratan Tata Trust held 0.93%, Sir Dorabji Tata Trust 4.22%, Lady Tata Memorial Trust 1.49% and Tata Sons controlled 29.79% stake end December 2017.

Meanwhile, India's trade deficit for February 2018 was estimated at $11,979.21 million, 25.8% higher than the $9,521.73-million deficit reported during February 2017, government data released after market hours yesterday, 15 March 2018 showed. Exports during February 2018 stood at $25,834.36 million compared to $24,726.71 million during February 2017. Imports during February 2018 were pegged at $37,813.57 million, compared to $34,248.44 million in February 2017.

On the political front, Andhra Pradesh's Telugu Desam Party (TDP) reportedly pulled out of its alliance with the BJP-led NDA at the Centre. The N Chandrababu Naidu-led TDP, as well as other local parties, expressed their discontent over Narendra Modi led Union govt not giving special status to Andhra Pradesh.

Overseas, most Asian stocks fell as weak volumes in the US session overnight gave little impetus for traders ahead of next week's Federal Reserve meeting. US stocks ended mixed yesterday, 15 March 2018 as industrial and tech gains were offset by losses in the consumer and energy sector.

Today's Calls:

#The stock of 63 Moons Technologies Ltd recommended around Rs.85 and Rs.94, today made an intraday high of Rs.114.5. Book some profits and wait for dips to enter. Keep a SL at Rs.103.

#Central Bank Ltd which was recommended around Rs.67 and Rs.75, has hit Rs.87, intraday. You can book some profits and hold the rest with a SL at Rs.82.

#PAIR TRADE: Buy BANK_NIFTY FUTURES at around 24770 and Simultaneously SELL NIFTY FUTURE at around 10331; ENTRY SPREAD: 2.3955; SL SPREAD: 2.38; Target SPREAD: 2.4012; Duration: 1-2 days.

#Yesterday a Buy was given to the Premium Members in the counter of Lanco Infratech Ltd at around Rs.1.15 for short term targets of Rs.1.45 and Rs.1.82. The stock hit the upper circuits today and is now trading at this level. The company is expected to turnaround in FY19. The scrip of Lanco Infratech Ltd is likely to hit the Buyer Freeze today. 

#Intraday SELL IOC Ltd at around Rs.189, SL: Rs.191.25, T: Rs.185.5-183. Book FULL PROFIT at around Rs.184.80.

#Intraday short GOLD at around Rs.30245, SL above Rs. 30310, T: Rs.30140. A lower CPI does not augur well  for Gold Bulls.

#The stock of MCX Ltd recommended at around Rs.780, made a high of Rs.831.95, intraday. Those who have still not booked profit, kindly do the same and wait for dips to re-enter.

#The stock of RattanIndia Power Ltd (erstwhile Indiabulls Power) today made an intraday high of Rs.6.10. Those who are holding the same can accumulate on market dips, keeping a SL at Rs.5.60.

#Today, I will be recommending another small cap company from the Real Estate space to the Premium Group members. If you can online transfer the subscription amount, then I will instantly give you the name of the scrip; which I feel will cover up the subscription cost. 

~~ with inputs from Capital Market - Live News....

Pre-Session: Market may open lower

16-Mar-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 39 points at the opening bell.

Overseas, Asian stocks fell as weak volumes in the US session overnight gave little impetus for traders ahead of next week's Federal Reserve meeting. US stocks ended mixed yesterday, 15 March 2018 as industrial and tech gains were offset by losses in the consumer and energy sector.

Back home, key benchmark indices registered modest losses in a volatile session of trade yesterday, 15 March 2018. The barometer index, the S&P BSE Sensex fell 150.20 points or 0.44% to settle at 33,685.54. The Nifty 50 index declined 50.75 points or 0.49% to settle at 10,360.15.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 705.40 crore yesterday, 15 March 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 256.45 crore yesterday, 15 March 2018, as per provisional data.

Among corporate news, Wipro said it invested $2.02 million in Avaamo Inc, an artificial intelligence-based conversational computing platform. The company said the investment would give Wipro a minority stake of less than 20% on a fully diluted basis. The announcement was made after market hours yesterday, 15 March 2018.

In a regulatory filing, the company stated that it made strategic investment of $2.02 million in the current tranche. This along with further infusion of funds and conversion of convertible note issued earlier will take the total investment to $3.02 million, Wipro said.

According to the company, the cash deal was completed on 14 March 2018. Headquartered at Los Altos in the US, the company is founded in 2014. Avaamo Inc provides an artificial intelligence (AI) driven enterprise bot platform that simplifies the time needed to design and deploy enterprise bots to corporate employees and their customers.

Yes Bank and Fortis Healthcare will be watched. Yes Bank has sold 1.12 crore equity shares of Rs 10 each, constituting 2.17% of the paid up share capital, of Fortis Healthcare, in various tranches last being on 15 March 2018, resulting into changes in holding of the bank by more than 2% of the total shareholding of Fortis Healthcare, from the last disclosure made by the bank on 13 March 2018. Yes Bank made the announcement after market hours yesterday, 15 March 2018.

~~Powered by Capital Market - Live News....

Winning Strokes

Yesterday, among secondary indices, the S&P BSE Mid-Cap index rose 0.49%. The S&P BSE Small-Cap index advanced 0.8%. Both these indices outperformed the Sensex. The breadth, indicating the overall health of the market, was strong.

On the BSE, 1,640 shares advanced and 1,045 shares declined. A total of 162 shares were unchanged. The total turnover on BSE amounted to Rs.5279.72 crore, higher than the turnover of Rs.3388.04 crore registered during the previous trading session.

Meanwhile, the Indian economy is set to revert to its trend growth rate of 7.5% in the coming years as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetization, a World Bank report released on 14 March 2018 showed. India's GDP growth is projected to reach 6.7% in 2017-18 and accelerate to 7.3% and 7.5% in 2018-19 and 2019-20 respectively.

While services will continue to remain the main driver of economic growth; industrial activity is poised to grow, with manufacturing expected to accelerate following the implementation of the GST, and agriculture will likely grow at its long-term average growth rate, the report said.

In economic data, the producer-price index showed wholesale inflation rose 0.2% in February, down from the 0.4% advance in January. US retail sales fell 0.1% in February, the third straight monthly decline. However, sales grew 0.3% if autos and gas are stripped out.

#The stock of MCX Ltd recommended a couple of weeks back in this blog at around Rs.780, today
made an intraday high of Rs.834.50 before closing at around Rs.825.10. What are the next targets for the scrip?

#As expected the shares of Videocon Industries Ltd hit the buyer freeze at around Rs.16.15. Stay invested for some big gains going forward. 

#The stock of TV Vision Ltd is consolidating around the current price of Rs.17-17.5, though today it made an intraday high of Rs.17.75. You should accumulate on every decline. The company is running 5-TV channels and the share price is available at the price of dirt. 

#Those who are holding the shares of Sri Adhikari Brothers Network Ltd, should continue to hold as the stock is likely to hit some more buyer freezes going forward. Today it hit the upper circuit at Rs.20.20 in the NSE.

#Those who have entered the shares of RattanIndia Power Ltd (erstwhile Indiabulls Power Ltd), should accumulate on declines. Today the scrip touched Rs.5.95, intraday and  closed at Rs.5.85.

#According to Nigel D'Souza, Rakesh Jhunjhunwala's RARE ENTERPRISES bought 3 Cr shares of J. P. Associates Ltd yesterday at Rs.18.37. The Stock closed at Rs.19.20 yesterday up 17.43%. The scrip could touch Rs.22 in the short term.

#Both the small cap scrips which were recommended to the Premium WhatsApp Group members, hit their respective buyer freezes yesterday. Today, also it is expected to hit the buyer freeze. Join the Premium Service or trade through my associated brokerage house to get the names of such multi-bagger scrips. "Kuch Pane Ke Liye, Kuch Khona Bhi Padta Hai" (To get something, sometimes you have to lose something).

~~with inputs from Capital Market - Live News.....

Market Pulse

Key benchmark indices made a partial recovery in afternoon trade after hitting intraday lows in early afternoon trade. At  2.18 IST, the BSE Sensex was trading at 33,706.76 down 150.02 points or 0.44%, while the Nifty was seen at 10,367.30 down 59.55 points or 0.57%.

The market sentiment was impacted after the Reserve Bank of India (RBI) banned letters of undertaking (LoUs) for seeking overseas loans. Negative Asian stocks also weighed on the sentiment on the domestic bourses.

Domestic stocks began trading on a subdued note on negative Asian stocks. Key benchmark indices hovered in negative zone in morning trade. Indices extended fall and hit fresh intraday lows in early afternoon trade.

The S&P BSE Mid-Cap index was up 0.04%. The S&P BSE Small-Cap index declined 0.15%. Both these indices outperformed the Sensex.

The breadth, indicating the overall health of the market, was negative. On the BSE, 1,464 shares declined and 1,038 shares advanced. A total of 139 shares were unchanged.

IT stocks were mixed. Wipro (down 0.46%), Persistent Systems (down 0.37%) and Infosys (down 0.3%) edged lower. Tech Mahindra (up 2.24%) and Oracle Financial Services Software (up 0.43%) edged higher.

IT major TCS lost 0.26%. Tata Sons sold 3.12 crore shares, or 1.63% equity, of TCS in two separate bulk deals on NSE yesterday, 13 March 2018. Tata Sons offloaded 2.05 crore shares at Rs 2,876.46 each. Another 1.06 crore shares were sold at Rs 2,872.19 each. As on 31 December 2017, Tata Sons held 73.52% stake in TCS.

HCL Technologies was up 0.51% after the company announced the opening of its dedicated state-of-the-art technology development center, Lab 21, showcasing the deep collaboration, investments, and advocacy on Microsoft AI platform/Cortana Analytics in the Azure Cloud. The announcement was made during market hours today, 14 March 2018.

Capital goods stocks were mixed. Suzlon Energy (down 1.04%), ABB India (down 0.44%), Bharat Electronics (down 0.36%) and Bhel (down 0.35%) edged lower. Thermax (up 0.78%), Siemens (up 0.16%) and Havells India (up 0.98%) edged higher.

L&T fell 0.31%. The company announced that its wholly owned subsidiary viz. L&T Hydrocarbon Engineering, has won orders worth above Rs 1600 crore across various business segments. The announcement was made during market hours today, 14 March 2018.

Meanwhile, the Reserve Bank of India (RBI) in a press release issued yesterday, 13 March 2018 said that on a review of the extant guidelines, it has been decided to discontinue the practice of issuance of Letters of Undertaking (LoUs)/Letters of Comfort (LoCs) for Trade Credits for imports into India by Authorised Dealer Category - I banks with immediate effect. Letters of Credit and Bank Guarantees for Trade Credits for imports into India may continue to be issued.

Overseas, Asian stocks declined following an overnight slide in US equities after fresh personnel shakeup in the US President Donald Trump's administration spurred concerns about a unilateral approach to trade, national security and foreign affairs.

Among economic data, Chinese industrial-production, fixed-asset investment and retail sales data showed the economy grew much faster than expected in the first two months of 2018. China releases combined data for January and February to limit distortions caused by the Lunar New Year holiday, which was in January last year but February this year.

Value-added industrial output, a rough proxy for economic growth, expanded by 7.2% in January and February from a year earlier, compared with a 6.2% on-year increase in December, the National Bureau of Statistics said today, 14 March 2018. Industrial production rose 0.57% on-month in February, compared with December's 0.52% growth.

Fixed-asset investment outside rural households climbed 7.9% in the first two months of 2018 from a year earlier, quickening from a 7.2% increase in 2017. Retail sales grew 9.7% on-year in January and February, accelerating from a 9.4% rise in December.

Minutes from the Bank of Japan's January meeting, released today, 14 March 2018 showed that some board members warned the central bank should keep a close eye on unexpected side effects from the current monetary policy.

US equities fell in choppy trade yesterday, 13 March 2018 after tech shares pulled back amid concerns trade tensions between the US and China could increase. The sudden firing of US Secretary of State Rex Tillerson took some by surprise less than a week after top economic adviser Gary Cohn resigned from the White House. US President Donald Trump has nominated CIA director Mike Pompeo, an ex-congressman, to replace Tillerson.

The consumer-price index rose a mild 0.2% in February after a 0.5% increase in January. The year-over-year rate for CPI edged up to 2.2% in February from 2.1% in January.

Today's Calls:

#Videocon Industries Ltd hit another buyer freeze at Rs.15.40. The stock has been hitting the UCs since it was recommended to the Premium Group members at around Rs.12.75. 

#Tomorrow at 9.15 am be ready with cash -- I will recommend a Small Cap Company. If the circuit is open, then buy it immediately -- this information is for all the Premium Group Members.

#The stock of Hindustan Oil Exploration Company Ltd made an intraday high of Rs.111.70. Book some profits and wait for dips to enter, for the next target of Rs.117. 

#The shares of my STRONGLY recommended Sri Adhikari Brothers Television Network Ltd  has hit the buyer freeze at Rs.19.25. Those who could not buy the shares of TV Vision Ltd (Rs.17.25), should look to enter the scrip now, when it is out of the upper circuits. This is a sure shot call, which will give you at least some returns over a period. 

#Positional BUY: Biocon Ltd at around Rs.603-604, SL: Rs.582; T: Rs.640.  India Infoline Wrote on 25 January, '18: 

For Q3FY18, Biocon’s revenue and EBITDA were ahead of our expectations due to 15% and 22% sequential growth in Syngene and Biologics business. Consolidated revenue of Biocon grew by 2% yoy to Rs1,058cr, EBITDA declined by 19.7% yoy to Rs221.7cr. EBITDA margins were at 21% vs. 26.6% in Q3FY17. PAT declined by 46.4% yoy to Rs91.9cr. The revenue and profitability was impacted due to headwinds in its small molecules business, pricing pressure in the US market and lower licensing and other income. The conference call highlighted that exciting times are ahead, as biologics and research businesses have continued to see improved outlook. Over next 12 month period, Biocon along with its partner Mylan, expects approval for 4-5 biosimilar assets, while research business is expected to come back to sustainable doubled digit growth trajectory. Biocon, by launch of its biosimilar assets, is best placed to see multifold PAT growth over next five years.   

Concall Highlights:

1. Biocon’s statins business continues to face headwinds due to channel consolidation, immune-suppressants continue to see sustained demand.

2. Biologics business revenue was impacted due to the lower licensing income, adjusted for which, biologics revenue grew by 16% yoy.

3. Biosimilars space remains most attractive due to (a) signing of partnership agreement with Sandoz to develop and manufacture next generation biosimilars in immunology and oncology, (b) approval to 4-5 biosimilars co-developed under Biocon-Mylan partnership in 2018 across US and EU, (c) approval to Pegfilgrastim in US expected in H1FY19 with launch expected by late 2018 or early 2019, (d) expected pick up in biosimilar revenue in EMs due to requalification activities at its Bangalore facility, (e) Trastuzumab approval by USFDA and ANVISA and acceptance of resubmission of Marketing Authorization Application Trastuzumab and Pegfilgrastim by European agency. 

4. Insulin business has also seen several positives like (a) approval to recombinant human insulin by Brazilian drug regulator (current market size of $100mn), (b) approval to Insulin Glargine in Russia and three Ems, launch is expected later in 2018, (c) Insulin Glargine approval in the US should take some time due to the 30-month regulatory, which ends in March 2020, (d) stage II/III clinical trials have commenced for Insulin Tregopil in India post the DGCI approval. 

5. Branded formulations business in India/UAE clocked 27% yoy growth. Krabeva (oncology biosimilar in India) has received encouraging response. UAE business continues to remain strong.

6. Research business has continued to recover in the quarter with 17% yoy growth, Bristol-Myers Squibb (BMS) research agreement expanded until 2026 with additional R&D set up opportunity for Syngene.

7. Biocon has consolidated all its biosimilar assets under new entity Biocon Biologics Limited, management has indicated of possible listing of this business for value unlocking and raising funds to develop new biosimilars, the timeline remains uncertain.

8. Next year company expects to spend Rs100cr as maintenance capex and has announced a fresh capex of $150-170mn to construct a new antibody plant over FY19-20E.  

  

 #Those who are holding the shares of RattanIndia Power Ltd (Rs.6.80) should continue to add on declines. It is worth mentioning here that RattanIndia Infrastructure Ltd (Rs.5.85) has been hitting upper circuits since some days.

#Positional Buy ALUMINUM at around Rs.137, SL below Rs.134, Targets: Rs.142 -145 (TILL EXPIRY)....

#Join the Premium  Service or trade through my recommended brokerage house with a minimum portfolio size of Rs.3 lakhs to stay ahead of other. This blog only gives an outline of what is sent to Premium Members and hence if you want a complete guidance, then you need to look for Paid Subscription based Service. Tomorrow, I will recommend a small cap momentum counter, to the Premium Group members and also to those who trade through my associate brokerage house.  Keep watch!!

~~ With inputs from Capital Market - Live News....

Market Pulse

Key benchmark indices hovered in positive zone in early afternoon trade. 

At 13:35 IST, the barometer index, the S&P BSE Sensex, was  seen trading at 33,999.86 up 81.92 points or 0.24% while the NSE was seen at 10,455.15 up 33.75 or 0.32%.

The Sensex was trading below the 34,000 level after hitting an intraday high above that level in morning trade. Domestic macroeconomic data released after market hours yesterday, 12 March 2018, signalling an economic turnaround boosted the sentiment.

IT stocks declined as the rupee firmed against the dollar. Metal and mining stocks rose. Aviation stocks rose.

Volatility struck bourses in early trade as the key benchmark indices turned positive soon after an initial decline triggered by subdued Asian stocks. Stocks extended gains and hit fresh intraday high in morning trade. Key benchmark indices trimmed some gains in mid-morning trade.

The S&P BSE Mid-Cap index was up 1.02%. The S&P BSE Small-Cap index was up 1.22%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,678 shares rose and 754 shares fell. A total of 124 shares were unchanged.

IT stocks declined as the rupee firmed against the dollar. A firm rupee adversely affects operating profit margins of IT firms as the sector derives a lion's share of revenue from exports. In the foreign exchange market, the partially convertible rupee was hovering at 64.9625, compared with closing of 65.04 during the previous trading session.

MindTree (down 1.11%), HCL Technologies (down 0.87%), Oracle Financial Services Software (down 0.05%), Tech Mahindra (down 0.31%) and Hexaware Technologies (down 0.29%) fell.

TCS lost 4.75% to Rs 2,907 on reports that that Tata Sons has sold about 2.84 crore shares or 1.5% stake of the company through six block deals in a price range of Rs 2,872 to Rs 2,925 per share on the NSE. Tata Sons held 73.52% stake in TCS (as on 31 December 2017. The money raised from the stake sale will be used by Tata Sons to strengthen its balance sheet, reports added.

Infosys shed 0.07%. Infosys announced its intention to voluntarily delist its American Depository Shares (ADS) from the Euronext Paris and Euronext London exchanges. Infosys ADS will continue to be listed on the NYSE and investors can continue to trade their ADS on the NYSE as before. The announcement was made after market hours yesterday, 12 March 2018.

The primary reason for seeking the proposed delisting is the low average daily trading volume of Infosys ADS on these exchanges, which is not commensurate with the related administrative requirements. During the 5-year period of the company's listing on Euronext Paris and Euronext London, the average daily trading volume of the company's ADS was significantly lower than its average daily trading volume on the New York Stock Exchange (NYSE). The proposed delisting is subject to approval from Euronext Paris S.A. and Euronext London. There will be no change to the Infosys share/ADS count, capital structure and float, as a result of the proposed delisting from the above exchanges.

Metal and mining stocks rose. Hindustan Copper (up 2.39%), JSW Steel (up 0.96%), Tata Steel (up 0.69%), Steel Authority of India (Sail) (up 1.52%), National Aluminium Company (up 0.55%), Hindustan Zinc (up 0.5%), Jindal Steel & Power (up 0.96%) and NMDC (up 0.69%) edged higher. Hindalco Industries (down 0.2%) fell.

Vedanta rose 1.72% to Rs 322.40 after the company's board of directors at its meeting held today, 13 March 2018, declared an interim dividend of Rs 21.20 per share for the financial year ending 31 March 2018. The announcement was made during market hours today, 13 March 2018.

Aviation stocks rose. SpiceJet (up 1.26%) and Jet Airways (India) (up 2.18%) rose.

InterGlobe Aviation rose 0.13%. According to media reports, the Director General of Civil Aviation (DGCA) on Monday, 12 March 2018, grounded a few Airbus A320neo aircraft currently operating in the country due to the ongoing Pratt & Whitney engine issue. DGCA asked IndiGo to ground eight of its A320neo aircraft until further notice.

The civil aviation authority has reportedly said that no concrete proposal has been given by Pratt & Whitney yet on when the engine woes will be resolved. All the grounded A320neo aircraft are fitted with Pratt & Whitney engines, reports added.

InterGlobe Aviation has yet to reply to a stock exchange notice issued late on Monday, 12 March 2018, seeking clarification on the media reports.

Future Consumer jumped 14.26% to Rs 57.70 after a domestic brokerage initiated coverage on the stock with a 'Buy' rating and price target of Rs 76. The brokerage stated in its report that Future Consumer (FCL), an integrated consumer company, is the best play on the huge window of opportunity (presented by a combination of macro factors and company-led initiatives) for brands using modern retail methods of distribution.

In addition, FCL appears best placed among Future Group companies from a revenue, profit and RoCE perspective, given the group's focus on retail expansion to drive growth in its burgeoning brands portfolio. Improving mix and operating leverage are expected to drive significant margin expansion over the next five years, the report added.

Domestic macroeconomic data released after market hours yesterday, 12 March 2018, signalled an economic turnaround. The lower-than-expected CPI inflation and higher-than-expected IIP data will allay fears of an interest rate hike by the Reserve Bank of India.

India's industrial production (IIP) continued to record a strong growth for the third straight month at 7.5% in January 2018 from 7.1% growth in December 2017. The manufacturing sector's production surged 8.7% in January 2018, supporting overall growth in industrial production. The mining output growth slowed down to 0.1% in January 2018, while the electricity generation growth accelerated to five-month high of 7.6% in January 2018, contributing to the improvement in overall industrial production growth in January 2018.

The all-India general consumer price index (CPI) inflation dipped to four-month low of 4.44% in February 2018, compared with 5.07% in January 2018 and at 3.65% in February 2017. The corresponding provisional inflation rate for rural area was 4.37% and urban area 4.52% in February 2018 as against 5.21% and 4.93% in January 2018. However, the core CPI inflation rose marginally to 5.04% in February 2018 compared with 5% in January 2018.

Overseas, most Asian stocks were trading lower ahead of US reading on inflation due today, 13 March 2018, which is likely to give some idea about whether the Federal Reserve will accelerate its pace of rate increases.

In US, the Dow Jones Industrial Average and the S&P 500 index finished lower Monday, 12 March 2018 weighed down by the industrials sector, while the Nasdaq Composite Index closed at a record, in part due to optimism over Friday's jobs data, which showed solid economic growth without triggering wage pressure.

Today's Calls:

#TV Vision Ltd hits the buyer freeze at around Rs.16.80. We can look for targets of Rs.27-29 if Rs.19 is taken out on the upside. Accumulate on dips. 

#The stock of Union Bank of India Ltd is probably heading towards Rs.111-117. You can raise the stop loss to Rs.96 and keep holding. 

#Should you enter into the SCAM TAINTED counter of KSK Energy Ventures Ltd (Rs.9.90)? You need to join the Premium Service to get the answer. 

#Videocon Industries Ltd hit another buyer freeze at Rs.14.70. This stock is going to deliver multi-bagger return going forward, Therefore, don't sell out in a hurry -- however, book profits on the way up.

# The Stock of HDIL recommended to the Premium Members in the morning,  at around Rs.41.60 for short term targets of Rs.44-47,  has hit an intraday high of Rs.46.70, which is almost near the 2nd target of Rs.47. Book some profits and wait for intraday lows to enter.

#Buy the shares of RattanIndia Power Ltd (erstwhile Indiabulls Power Limited) at around Rs.5.7 for a short term target of Rs.9.

#Buy the shares of Apollo Tyres Ltd at around Rs.264, SL: Rs.260, T: Rs.269-272 on T+2 basis. This a pure chart based call.

#SELL Copper at around Rs.451.00 (CMP: Rs.450.95), Stop Loss above Rs.454.10, T: Rs.445.00 on T+1) basis....

#The stock of P C Jewelers Ltd (Rs.379.80) recommended several times in this blog is on fire today, up more than 10%.  

#Join the Premium  Service or trade through my recommended brokerage house with a minimum portfolio size of Rs.3 lakhs to stay ahead of other. This blog only gives an outline of what is sent to Premium Members and hence if you want a complete guidance, then you need to look for Paid Subscription based Service. 

Pre-Session: Market may open lower

13-Mar-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 18 points at the opening bell. Domestic stocks will react to macro data released after market hours yesterday, 12 March 2018, signalling an economic turnaround.

On the macro front, India's industrial production continued to record a strong growth for the third straight month at 7.5% in January 2018 from 7.1% growth in December 2017. The manufacturing sector's production surged 8.7% in January 2018, supporting overall growth in industrial production. The mining output growth slowed down to 0.1% in January 2018, while the electricity generation growth accelerated to five-month high of 7.6% in January 2018, contributing to the improvement in overall industrial production growth in January 2018.

The all-India general CPI inflation dipped to four-month low of 4.44% in February 2018, compared with 5.07% in January 2018. The corresponding provisional inflation rate for rural area was 4.37% and urban area 4.52% in February 2018 as against 5.21% and 4.93% in January 2018. However, the core CPI inflation rose marginally to 5.04% in February 2018 compared with 5% in January 2018.

Overseas, most Asian stocks were trading lower following a dip in US stocks. Focus turned to a US inflation report due today, 13 March 2018 for clues on the pace of Federal Reserve policy tightening.

In US, the Dow Jones Industrial Average and the S&P 500 index finished lower Monday, 12 March 2018 weighed down by the industrials sector, while the Nasdaq Composite Index closed at a record, in part due to optimism over Friday's jobs data, which showed solid economic growth without triggering wage pressure.

Back home, domestic stocks logged sharp gains yesterday, 12 March 2018 with the barometer index, the S&P BSE Sensex, and the Nifty 50 index, hitting their highest closing levels in 1-1/2 weeks, on upbeat global stocks. The Sensex jumped 610.80 points or 1.83% to settle at 33,917.94, its highest closing level since 1 March 2018.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 374.65 crore yesterday, 12 March 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 464.59 crore yesterday, 12 March 2018, as per provisional data.

Among corporate news, Infosys announced its intention to voluntarily delist its American Depository Shares (ADS) from the Euronext Paris and Euronext London exchanges. The primary reason for seeking the proposed delisting is the low average daily trading volume of Infosys ADR on these exchanges, which is not commensurate with the related administrative requirements, the company said in a statement. Infosys ADS will continue to be listed on the NYSE and investors can continue to trade their ADS on the NYSE as before, it added. The announcement was made after market hours yesterday, 12 March 2018.

Zee Entertainment Enterprises (Zee) issued a clarification to the stock exchanges with respect to media news article captioned ZEE complains against DEN to I&B Ministry. Zee said that the media news item pertains to a complaint filed by the company against Den Networks - one of the distributors of Zee Network Channels, with Ministry of Information & Broadcasting (MIB), alleging violation of various provisions. The instances of violations and non-compliance were found during anti-piracy activities carried out by Zee, which it keeps on conducting from time to time in the normal course of its business, Zee added. The announcement was made after market hours yesterday, 12 March 2018.

Power Grid Corporation of India has entered into a term loan facility agreement for Rs 5000 crore with State Bank of India on 12 March 2018 for meeting capital expenditure for expansion/renovation and setting up various undergoing and new transmission and other projects in the company and in identified special purpose vehicles (SPVs)/joint ventures (JVs) of the company. The announcement was made after market hours yesterday, 12 March 2018.

~~Powered by Capital Market - Live News...

Market Pulse: IT stocks advance

The stock market continued to trade with modest gains in mid-morning trade on positive global cues. 

At 11:15 IST, the barometer index, the S&P BSE Sensex, rose 97.19 points or 0.29% at 33,448.76. The Nifty 50 index advanced 37.10 points or 0.36% at 10,279.75. 

Global stocks gained as fears of trade wars appear to subside after US President Donald Trump implemented steel and aluminum import tariffs that excluded Canada and Mexico.

Key indices started the session on a positive note on firm global cues. Indices extended gains in morning trade. The indices trimmed some intraday gains in mid-morning trade.

Among secondary indices, the S&P BSE Mid-Cap index advanced 0.18%, underperforming the Sensex. The S&P BSE Small-Cap index rose 0.41%, outperforming the Sensex.

The breadth, indicating the overall health of the market, was positive. On the BSE, 1,351 shares advanced and 905 shares declined. A total of 101 shares were unchanged.

Realty stocks advanced. Prestige Estates Projects (up 1.67%), Sobha (up 0.49%), Indiabulls Real Estate (up 0.38%), HDIL (up 0.35%), Oberoi Realty (up 0.27%) and Godrej Properties (up 0.18%) edged higher. Unitech (down 1.85%) and DLF (down 1.3%) edged lower.

IT stocks advanced. Wipro (up 0.74%), Tech Mahindra (up 1.58%) and HCL Technologies (up 0.55%) gained.

Infosys was up 0.43%. The company issued a clarification with regard to media articles in relation to the alleged fraud concerning the Income Tax department and the First Information report (FIR) by the Central Bureau of Investigation (CBI) in relation to these allegations. Infosys said it is not named as an accused party in the said FIR. So far it has not been contacted by the CBI in connection with this matter. Infosys will co-operate with law enforcement agencies as and when it is approached, it added. The announcement was made after market hours yesterday, 8 March 2018.

TCS rose 1.05% after announcing that its flagship product TCS BaNCS has gone live in Gansu Bank, China. This go-live expands TCS BaNCS' footprint in China with three other large credit unions that are already fully operational in addition to 20 other financial large banks and financial institutions in the country. The announcement was made after market hours yesterday, 8 March 2018.

Rolta India rose 3.52% after the company announced that it won digital transformation projects totalling Rs 365 crore in India. The announcement was made during trading hours today, 9 March 2018.

In political news, the Telugu Desam Party (TDP), ally of National Democratic Alliance (NDA), has pulled out its two ministers from the Narendra Modi cabinet yesterday, 8 March 2018, in protest against the injustice to Andhra Pradesh. However, the party decided to continue supporting the NDA. The action by the TDP, which has sixteen members in the Lok Sabha and six in Rajya Sabha, will have no impact on the stability of the Modi government which has sufficient numbers in Parliament but will be seen as a big political setback as TDP is the first pre-poll ally to pull out of the Centre in nearly four years.

Overseas, Asian stocks edged higher after moderate gains on Wall Street overnight following the implementation of US tariffs on steel and aluminum. Japan's central bank kept monetary settings unchanged today, 9 March 2018 and stuck to its upbeat view on the economy. In a widely expected move, the Bank Of Japan (BOJ) maintained its pledge of guiding short-term interest rates at minus 0.1% and the 10-year government bond yields around zero percent.

US stocks closed higher yesterday, 8 March 2018 after President Donald Trump implemented steel and aluminum import tariffs that excluded Canada and Mexico, two key US trade partners.

Trump signed a proclamation yesterday, 8 March 2018 authorizing the tariffs at 25% on steel imports and 10% on aluminium, the same level he promised when he revealed the plan on 1 March. The aluminium and steel import tariffs will take effect in 15 days, as per reports.

In Europe, the European Central Bank (ECB), at its monetary policy meeting yesterday, 8 March 2018, kept its broader policy unchanged. The central bank said it could still extend its 2.55 trillion euro ($3.16 trillion) bond purchase scheme beyond September if needed.

Today's Call to the Premium Members:

#Intraday buy IOC Ltd at around Rs.381, SL: Rs.377,  T: Rs.387-392...Book Partial Profit at around Rs.384.

#Intraday buy NIFTY FUTURES on DECLINES around 10235, SL below 10210, T: 10280. Target Achieved. 

#Positional Buy: Hindustan Oil Exploration Company Ltd at around Rs.104, short term target: Rs.111, SL: Rs.99.

#In another development, the Union Bank of India Ltd has put on sale stressed assets worth more than Rs.10,000 crore.The bank has come out with two separate documents inviting bids from eligible asset restructuring companies, non-banking finance companies and financial institutions to offload debt worth Rs.4,205 crore of GTL Infrastructure, a telecom tower company, and 26 other firms worth Rs.5,963.69 crore. The  investors can accumulate the scrip around the CMP of Rs.95.

#Those of you who are LOOKING to BUY a HIGH RISK and HIGH GAIN COUNTER can buy the shares of Videocon Industries Ltd at around the CMP of Rs.12.75 for targets of Rs.17-19, with a SL of around Rs.11.6. Buy at the opening bell today, I mean at around 9.15 am. 

#You can buy the shares of Sri Adhikar Brother's Ltd at around Rs.15. The stock is nearing its bottom. It is good that you area getting the shares of SAB Ltd (formerly SAB TV) company at a price which is near the price of TV Vision Ltd (Rs.14.55). 

#You can average TV Vision Ltd (Rs.14.30) now or can wait for a closing above Rs.15 (this is the best option, provided you can buy the shares at this price -- this stock has  history of not letting buy once it starts hitting the UCs).

#Central Bank of India Ltd made an intraday high of around Rs.79.95. You can book complete profit and wait for the dips to enter. 

~~with inputs from Capital Market - Live News...

Pre-Session: Market may extend gains

09-Mar-18: Market may edge higher in early trade tracking firm global cues.  Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 45 points at the opening bell.

Overseas, Asian stocks edged higher, tracking moderate gains seen on Wall Street following the implementation of US tariffs on steel and aluminum. US stocks closed higher yesterday, 8 March 2018 after President Donald Trump implemented steel and aluminum import tariffs that excluded Canada and Mexico, two key US trade partners.

In Europe, the European Central Bank (ECB), at its monetary policy meeting yesterday, 8 March 2018, kept its broader policy unchanged. The central bank said it could still extend its 2.55 trillion euro ($3.16 trillion) bond purchase scheme beyond September if needed.

Among corporate news back home, Bharti Airtel's meeting of committee of directors is scheduled on 13 March 2018, to consider issue of listed, unsecured, rated, redeemable, non-convertible debentures (NCDs Series I and II) aggregating upto Rs 3000 crore on private placement basis. The announcement was made after market hours yesterday, 8 March 2018.

Infosys issued a clarification with regard to media articles in relation to the alleged fraud concerning the Income Tax department and the First Information report (FIR) by the Central Bureau of Investigation (CBI) in relation to these allegations. Infosys said it is not named as an accused party in the said FIR. So far it has not been contacted by the CBI in connection with this matter. Infosys will co-operate with law enforcement agencies as and when it is approached, it added. The announcement was made after market hours yesterday, 8 March 2018.

In political news, the Telegu Desam Party (TDP), ally of National Democratic Alliance (NDA), has pulled its two ministers from the Narendra Modi cabinet yesterday, 8 March 2018, in protest against the injustice to Andhra Pradesh. However, the party decided to continue supporting the NDA. The action by the TDP, which has sixteen members in the Lok Sabha and six in Rajya Sabha, will have no impact on the stability of the Modi government which has sufficient numbers in Parliament but will be seen as a big political setback because TDP is the first pre-poll ally to pull out of the Centre in nearly four years

Key benchmark indices registered modest gains on bargain hunting yesterday, 8 March 2018 after a sell-off in the last six sessions. The Sensex had surged 318.48 points or 0.96% to settle at 33,351.57, its highest closing level since 5 March 2018.

The trading activity showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 364.80 crore on 8 March 2018 as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 675.26 crore on 8 March 2018, as per provisional data.

~~Powered by Capital Market - Live News....

Market Pulse

The stock market rebounded sharply in mid-afternoon trade with the two key benchmark indices just falling shy of their intraday highs. At 14:17 IST, the barometer index, the S&P BSE Sensex rose 246.71 points or 0.75% at 33,279.80. The Nifty 50 index advanced 61.15 points or 0.6% at 10,215.35. Stocks of key public sector banks dropped.

Key indices started the session on a strong footing on positive Asian stocks as worries surrounding trade war eased on reports US President Donald Trump's import tariff plan may spare select countries from much of the impact. Indices trimmed gains in morning trade. Later, indices came off the day's low and traded with modest gains till afternoon trade. Key indices rebounded sharply in mid-afternoon trade.

The S&P BSE Mid-Cap index rose 0.09%. The S&P BSE Small-Cap index advanced 0.06%. Both these indices underperformed the Sensex.

The breadth, indicating the overall health of the market, was weak. On the BSE, 1,640 shares declined and 985 shares advanced. A total of 146 shares were unchanged.

Overseas, European stocks traded mixed ahead of the European Central Bank's (ECB) monetary policy statement is due later today, 8 March 2018. The central bank is expected to be cautious to prevent any unwanted tightening of financing conditions amid mounting global insecurities, especially in the wake of recent tariffs announcement by the US President.

Asian stocks edged higher amid news of potential US tariff exemptions. US stocks closed well off session lows yesterday, 7 March 2018 after the White House hinted Canada and Mexico could be exempt from tariffs proposed by President Donald Trump.

Stocks of key public sector banks dropped. IDBI Bank (down 6.5%), Bank of India (down 3.17%), Union Bank of India (down 0.57%) and Punjab National Bank (down 0.1%) edged lower. Bank of Baroda (up 0.19%) edged higher.

State Bank of India (SBI) was up 2.05%. The Reserve Bank of India (RBI) vide its press release dated 7 March 2018, imposed a penalty of Rs 40 lakh on SBI for non-compliance with the directions issued by the central bank on detection and impounding of counterfeit notes. The announcement was made after market hours yesterday, 7 March 2018.

Stocks of private sector banks were mixed. Yes Bank (down 2.38%), Kotak Mahindra Bank (down 0.7%) and IndusInd Bank (down 0.3%) edged lower. ICICI Bank (up 1.9%), Axis Bank (up 0.89%) and HDFC Bank (up 0.64%) edged higher.

Aviation stocks were mixed. SpiceJet (up 3.02%) and InterGlobe Aviation (up 0.39%) edged higher. Jet Airways (India) (down 3.78%) declined.

IT major TCS was up 0.19% after the company announced during trading hours today, 8 March 2018 that its flagship product TCS BaNCS has gone live in Hunan Rural Credit Union (HNRCC) in Hunan Province located in Central China. This go-live expands TCS BaNCS' footprint in China with three other large credit unions that are already fully operational in addition to 20 other financial institutions including one of the largest Banks in the country.

Foods & Inns galloped 8.21% after the company scheduled a board meeting on 13 March 2018 to consider sale of factory land at Chembur, Mumbai. The board will also consider allotment of convertible warrants into equity shares issued to promoters of the company on preferential basis and a proposal for acquisition of additional shareholding in Finns Frozen Foods (India). The announcement was made during market hours today, 8 March 2018.

Today's calls to Premium Members:

#Buy BANK NIFTY FUTURE at around 24280; SL: 24172; T: 24410..Book PARTIAL PROFIT at around 24332.

#Nifty_Spot: the Support zone at 10147 - 10150 is being tested.....Your intraday or short term buy/sell decision hinges on whether Nifty support at 10147 holds or not..Intraday BUY NIFTY FUTURES on declines at around 10165; SL below 10140; T - 10205.

#The stock of Urja Global Ltd hit another lower circuit today at Rs.4.55 in the NSE. If you remember, I had repeatedly asked all my well-wishers and blog readers to stay from this counter since it was trading above Rs.9. The stock has more than halved from  that price. The share does not merit attention above Rs.2-3. 

#TV Vision Ltd (Rs.15) is running the popular Mastii TV Channel along with others. The stock is available at dirt cheap price. One good quarter means the share has the potential to give at least 50% return from here.

#Intraday BUY APOLLO TYRE at around Rs.255.5,  SL: Rs.252.5, T: Rs. 259-260..1st target of Rs.259  and Intraday: 2nd Target of Rs.260, has been ACHIEVED.

#Positional Buy Union Bank of India Ltd at around Rs.96-97, T: Rs.111-117, SL: Rs.86.

#I will soon Recommend a MOMENTUM Small  Cap Counter. Those who will join my Premium Service by next week, will get this scrip name along with the existing members; which alone might be able to cover the cost of the subscription. Also note that I have devised a special discount scheme for small investors (those who have portfolio sizes, below Rs.1 lakh). 
Moreover, you will get regular inputs on some of my recommended counters like HDIL, 3i Infotech Ltd, Unitech Ltd, J P Associates Ltd, etc. 

~~ With inputs from Capital Market - Live News...

Pre-Session: Market may witness higher opening

08-Mar-18: Market may edge higher in early trade tracking positive global cues. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 34 points at the opening bell.

Overseas, Asian stocks edged higher on news of potential US tariff exemptions. US stocks closed well off session lows yesterday, 7 March 2018 after the White House hinted Canada and Mexico could be exempt from tariffs proposed by President Donald Trump.

In Europe, the European Central Bank's (ECB) monetary policy statement is due later today, 8 March 2018. The central bank is expected to be cautious to prevent any unwanted tightening of financing conditions amid mounting global insecurities, especially in the wake of recent tariffs announcement by the US President.

Among corporate news back home, Hero MotoCorp has introduced the new 'Super Splendor' across markets in the country. Aimed at further bolstering its dominant leadership in the domestic motorcycle market, the new Super Splendor is priced at Rs 57,190 (Ex-Showroom Delhi). Targeted at young professionals, the new Super Splendor offers best-in-class performance and convenience. This is in addition to the trust, reliability and fuel efficiency that are distinct to the Splendor brand, the company said. The announcement was made after market hours yesterday, 7 March 2018.

The Union Cabinet yesterday, 7 March 2018 approved two key measures in telecom sector to facilitate investments, consolidation in the sector and enhancing ease of doing business. These include restructuring the deferred payment liabilities of spectrum auction of telecom service providers and revising the limit of the cap for spectrum holding for telecom service providers. The overall spectrum cap is revised from the current limit of 25% to 35%. The current intra-band cap is removed. Instead, there is a cap of 50% on the combined spectrum holding in the sub-1 GHz bands (700 MHz, 800 MHz and 900 MHz bands). There will be no cap for individual or combined spectrum holding in above 1 GHz band.

Selling pressure continued on the domestic bourses yesterday, 7 March 2018 on weak global cues coupled with lingering concerns over the health of Indian banking sector, in the aftermath of a massive fraud unearthed at Punjab National Bank's (PNB) branch last month. The Sensex had fallen 284.11 points or 0.85% to settle at 33,033.09, its lowest closing level since 7 December 2017.

The trading activity showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 719.78 crore on 7 March 2018 as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 409.34 crore on 7 March 2018, as per provisional data.

~Powered by Capital Market - Live News...

Market Pulse

The stock market further trimmed gains in the mid-morning trade with the two key benchmark indices hitting intraday lows.

At 12.28 IST, the barometer index, the S&P BSE Sensex was trading at 33,847.59 up 100.81 point or 0.30%, while Nifty was seen at 10,399.15  up 40.30 points or 0.39%. 

Key indices opened the session on a stronger footing on firm global cues. Later, indices trimmed gains so far. Global stocks gained as worries about a potential trade war waned in the aftermath of US President Donald Trump's tariff announcement on steel and aluminum.

Among secondary indices, the S&P BSE Mid-Cap index advanced 0.59%, outperforming the Sensex. The S&P BSE Small-Cap index rose 0.28%, underperforming the Sensex.

The breadth, indicating the overall health of the market, was positive. On the BSE, 1,375 shares advanced and 932 shares declined. A total of 137 shares were unchanged.

Stocks of public sector banks edged lower. Bank of India (down 1.94%), Union Bank of India (down 1.19%), State Bank of India (down 0.57%) and Punjab National Bank (down 0.1%) declined. IDBI Bank (up 2.55%) and Corporation Bank (up 0.63%) gained.

Bank of Baroda was up 0.14%. The bank has kept its Marginal Cost of Funds based Lending Rate (MCLR) unchanged, applicable from 7 March 2018. MCLR for overnight loans will be 7.80%, for one month will be 7.85% and for three months will be 7.95%. The MCLR on 6-month loans will be 8.15% and for one-year loans the rate would be 8.30%, the bank said. The announcement was made after market hours yesterday, 5 March 2018.

Stocks of private sector banks advanced. IndusInd Bank (up 2.01%), Yes Bank (up 1.13%), Axis Bank (up 0.56%) and Kotak Mahindra Bank (up 0.35%) gained. HDFC Bank (down 0.2%) and ICICI Bank (down 0.03%) declined.

The Reserve Bank of India (RBI) stated on 5 March 2018 that it will inject additional liquidity of Rs 1 lakh crore in banks through longer tenor instruments to enable flexibility towards meeting their fund needs. This measure is to address additional demand for liquidity and with a view to provide flexibility to the banking system in its liquidity management towards March-end, the central bank said. This will be in addition to normal liquidity adjustment facility operations.

Realty stocks gained. Oboroi Realty (up 1.78%), D B Realty (up 0.99%), DLF (up 0.81%), HDIL (up 0.53%), Godrej Properties (up 0.49%) and Indiabulls Real Estate (up 0.39%) edged higher. Prestige Estates Projects (down 2.5%), Sobha (down 0.08%) and Unitech (down 0.14%) declined.

Jain Irrigation Systems rose 2.2% at Rs 113.95 after the company said it won an integrated drip irrigation project worth Rs 287.66 crore. The announcement was made during trading hours today, 6 March 2018.

Overseas, Asian stocks rallied, tracking gains in the US and Europe in the last session as concerns over a potential trade war faded.

US stocks rose yesterday, 5 March 2018, erasing earlier losses, as worries about a potential trade war waned. US President Donald Trump announced tariffs on steel and aluminum that sparked fears of a trade war.

Today's Calls:

#Yesterday,  the following news was sent to the Premium Members that the stock of Reliance Infrastructure Ltd had not broken the support of Rs.427. You can add the scrip for a short term target of Rs.470..Today, the stock of Reliance Infrastructure Ltd has made an intraday high of Rs.645.30 in the NSE and is now trading at around Rs.544. 

#HDIL (Rs.46.7), has bounced from its support of  around Rs.46, however it has broken a two year old support at Rs.47. So, the best price to average would probably above Rs.47. Or only if it gives a closing above Rs.47. Moreover, the derivative contracts (FUTURE & OPTION..BOTH) "FORTIS, HDIL, IDBI & ORIENTBANK" have crossed 95% of the market-wide position limit and are currently in the ban period. 

#Intraday  Sell NIFTY FUTURE at around 10435, SL: 10455, T: 10390. Target achieved at 10390 ==> Book Complete Profit. Call Closed!!

#The stock of MCX Ltd (Rs.781) has given a break out. Keep holding with a SL of Rs.777. This is for those who bought  yesterday at around Rs.770.

#Profit Booking was suggested in the share of P C Jewelers Ltd at around  Rs.348.  Wait for the dips to enter.

#TV Vision Ltd (Rs.16) bounced from its support. You can accumulate keeping Rs.15.7 as  the Ultimate Stop  Loss.

#Sell TATA MOTORS FUTURES at around Rs.355; SL  above Rs.359; T: Rs. 349. BOOK PROFIT at around Rs.352.4. Call Closed!!

#Intraday BUY BPCL at around Rs.443, SL: Rs.439.75,  T:Rs.449. Book PARTIAL PROFIT at around Rs.445.50

Join the Premium Service or Trade through my recommended BROKERAGE HOUSE with a minimum portfolio size of Rs.3 lakhs (to get Premium Service Free of charge) to stay ahead of others. 

~~With inputs from Capital Market - Live News

Market Pulse

Key benchmark indices edged lower in early trade tracking weakness in Asian stocks. at 1.42 pm, the Sensex slipped below the 34,000 level, while the Nifty is 112 points down. 

The S&P BSE Mid-Cap index fell 0.29%. The S&P BSE Small-Cap index dropped 0.21%. Both these indices outperformed the Sensex.

Overseas, Asian stocks edged lower as Chinese leaders headed into an annual parliament meeting. China's National People's Congress meeting kicked off with Premier Li Keqiang announcing 2018 growth target for the country at around 6.5%. Among economic data, the China's Caixin services purchasing managers' index (PMI) dipped to 54.2 in February from 54.7 in the previous month.

US stocks closed well off session lows on Friday, 2 March 2018, helped by a sharp rise in health care shares. Stocks traded sharply lower earlier in the session on fears that President Donald Trump's announced tariffs on steel and aluminum could spark a trade war.

Closer home, the breadth, indicating the overall health of the market, was weak. On the BSE, 819 shares declined and 477 shares advanced. A total of 92 shares were unchanged.

Reliance Industries (RIL) was off 0.39% at Rs 944. RIL's step-down subsidiary Reliance Brands (RBL) has completed acquisition of additional 5.3% stake in equity share capital of Genesis Luxury Fashion (GLF) for a cash consideration of Rs 35.39 crore. With this acquisition, the stake of RBL in GLF's equity share capital has gone up to 46.6%. The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday, 2 March 2018 on account of Holi.

RBL is a subsidiary of Reliance Retail Ventures, one of the retail arms of RIL and is partner of choice for various international brands. RBL, inter alia, held 41.3% investment in equity shares of GLF.

Hero MotoCorp dropped 0.91% at Rs 3,546.70. The company's two-wheeler sales rose 20% to 6.29 lakh units in February 2018 over February 2017. Riding on robust demand for its popular range of two-wheelers, Hero MotoCorp delivered a strong sales performance in February 2018, thereby further consolidating its dominant market leadership. This sales performance by the company has been driven by strong growth in scooters, in addition to the continued momentum across the range of its motorcycle brands. The announcement was made after market hours on Thursday, 1 March 2018.

Wipro was down 0.43%. The company announced the expansion of its Live Workspace suite of offerings, providing enterprises with an anywhere, anytime, any device digital workplace. This will allow enterprises to offer their employees a choice when deciding which tools enable them to be more productive, creative and collaborative. The announcement was made after market hours on Thursday, 1 March 2018.

Coal India declined 1.17% at Rs 309.15. The company announced the provisional production and offtake of the company and its subsidiaries for the month of February 2018. The company achieved 89% of the targeted coal production at 54.46 million tonnes in February 2018. Actual offtake was 96% of the targeted offtake at 49.97 million tonnes in February 2018. The announcement was made after market hours on Thursday, 1 March 2018.

Meanwhile, Markit Economics will unveil the result of a monthly survey on the performance of India's services sector in February 2018 at 10:30 IST today, 5 March 2018. The Nikkei Services PMI in India increased to 51.7 in January, from 50.9 in the prior month.

Among key domestic events, in a big morale booster to the Bharatiya Janata Party (BJP) led National Democratic Alliance (NDA) at the centre, the BJP along with its ally Indigenousn People's Front Of Tripura has secured a comfortable majority by bagging 43 out of 59 seats in the recently held assembly elections in Tripura. In Nagaland, the ruling Naga Peoples Front (NPF) emerged as the single largest party, securing 27 out of 59 seats. The BJP has secured 12 seats. In a rude shock, the Congress party has been wiped out from Tripura and Nagaland, having failed to secure a single seat in these two states. In Meghalaya, the Congress has emerged as the single largest party, securing 21 out of 59 assembly seats, followed by the National People's Party bagging 19 seats. The counting of votes for the assembly elections took place over the weekend.

Meanwhile, the developments in the Budget Session of Parliament will be closely watched. Both the Houses of Parliament which were adjourned on 9 February 2018 for a recess, resumes today, 5 March 2018. The second part of Parliament's Budget Session is likely to begin on a stormy note with the Congress and other opposition parties set to raise the issue of multi-crore financial scams involving public-sector banks in both the Houses. The second part of the session would primarily see discussions on the demand for grants for various ministries.

Today's Calls:

#Those are holding  the hares of Aban Offshore Ltd should exit the scrip if it breaks Rs.166 on closing basis on the downside. However, the long term investor can hold the stock with a final stop loss of Rs.159. The stock could show some positive movements in the coming days. However, keep your stop losses ready in case of the scip not performing as expected. 

#Those of you who have not booked profit in Tata Motor Ltd at around Rs.376.70, should exit the scrip if Rs.362 is broken on the downs (on closing basis). The 1st stop loss at Rs.167 has already been hit and hence non-risk taking traders can exit the scrip. 

#Those who are holding the shares of P C Jewelers Ltd (Rs.334) can continue to add in intraday declines, with stop losses at Rs.326/322. 

#The stock of 3i Infotech Ltd (Rs.5.90) is showing a good upward movement today. You can start averaging if it gives a closing above Rs.6.

#Intraday SELL Hindustan Unilever at around Rs.1299-1300; SL: Rs.1312, T: Rs.1285.  This is a pure chart based call. 

#Those who wants to opt for PROFIT SHARING MODE should note the following specifications:

1. They should have to open an account with BMA Wealth Creators Ltd, with a minimum portfolio size of Rs.3 lakhs (increase from Rs.1 lakh and then 2 lakhs, earlier).  The demat account holders of other brokerage houses will NOT be accepted nor will they be allowed to do "Phatka" in the accounts on their own. Mostly, DELIVERY based calls over a period will be executed. Those who believe in Daily Trading or Short Term Trading Only, should not opt for this Scheme. 

1. I or my venture can decide to part at any time or decide to call off the contract at any time, if it was seen that inspite of the my best efforts, the client is not satisfied or has some nagging issues or has joined the service with some ulterior motives in mind (like selling the free call to people at a price) or is too much argumentative inspite of not having much idea of equity investing,etc....

2. The percentage sharing ratio would be 70:30 between you and my firm for all accounts having portfolio size of Rs.5 lakhs and above. For the portfolios between Rs.3-5 lakhs,, the profit sharing ratio would be 65:35 between you and my firm. This ratio is not negotiable and is absolute. 

3. The profit has to be shared in every 30 days. Any loss will be adjusted against the following profit. You should have sufficient cushion, to do either averaging of a stock if needed or pay the margin amount in case a scrip goes down. 

4. All the calls will be given through either Yahoo Messenger or Whatsapp. I have decided to close/ discontinue the Facebook Messenger for good, due to too much misuse by some people from my friends' list. 

~With inputs from Capital Market - Live News 

Winning Strokes

Photo: 63 Moons Technologies Ltd

#The stock of Urja Global Ltd closed at Rs.5.44 down 4.90% in the lower circuits. If you can recollect, I had penned an article on 30 January, 2018 titled: Urja Global  Ltd: A case of Unbridled Stock Manipulation or too much Euphoria.....? At that time the scrip was quoting at Rs.9.72. After that I wrote several times in this blog not to get carried  away by the synthetic euphoria generated by vested groups and that any price of the stock above Rs.2-3, does not merit any attention -- the share I believe is moving towards that level. Now where are the Electric car, Solar Energy and African story gone? Why are the promoters who gave a (long) positive interview in YouTube are silent?

If possible read the contents of this blog on a regular basis,  to stay ahead of others. This blog is not an investment journal, however, I believe you will get lot of tips and tricks that might help you in chalking out an investment road map, in Indian bourses.

#The stock of Tata Motors Ltd moved to Rs.376.25, before closing at Rs.370.85. Tata Motors witnessed an overall growth of 38 per cent in passenger and commercial vehicle sales last month with its new passenger cars - Tiago, Tigor, Nexon and the Hexa being the growth drivers. In the commercial vehicle sector, industrial developments, fresh tenders in car carriers, coal movement and  the petroleum sector were attributed as growth drivers by the company. An increase in demand from construction, logistics, e-commerce and FMCG applications have also contributed to the retail of CVs. The growth is a promising one, considering the CV industry has been collectively limping back from the slow down witnessed in sales in 2017. 

Tata Motors Ltd reported a surge in quarterly profit, driven by higher sales at its Jaguar Land Rover (JLR) business after an exceptionally weak quarter a year earlier.

Net profit for the quarter ended December 31 came in at ₹11.99 billion ($187.15 million) compared with ₹937.7 million in the same quarter a year ago; the biggest jump in seven quarters. Tata Motors Ltd reported a near 11-fold rise in fiscal third-quarter profit as a surprise turnaround in its India business helped offset a slowdown in its Jaguar Land Rover (JLR) unit. 

Those who have bought the stock today in intraday dip can look for  short term targets of Rs.182-184; next week.

#The stock of Aban Offshore Ltd today closed flat at Rs.169.90, amidst a decline in the crude oil prices in the international markets. However, oil analysts expect the price of crude to rise steadily this year, but remain in a tight band dictated by U.S. shale output growth on one side and OPEC supply restraint on the other, a Reuters poll showed on Wednesday. The survey of 37 economists and analysts forecast Brent crude would average $63 a barrel in 2018, slightly higher than $62.37 projected in the previous month's poll. "OPEC's level of compliance (with agreed production curbs) and the pace of U.S. shale's output growth are likely to be the key fundamental price drivers in 2018," Ashley Petersen of Stratas Advisors said. Meanwhile,  the top oil exporter Saudi Arabia is likely to cut prices for all crude grades it sells to Asia in April after demand for Middle East crude fell in last month’s trade, trade sources said on Thursday. 

Based on the historical trend, population growth and economic outlook, most of the international agencies and consultants were of the view that oil demand would reach 121 mmbpd by 2040. However, as the automotive industry becomes more incentivized to build electric vehicles (EVs), this is unlikely.

Surely, EVs won’t replace all ICEs overnight. That transformation would require over decades. Therefore, no one is claiming that oil demand in road transportation in particular will be wiped out suddenly.  Offshore drilling rigs are an intrinsic part of the oil discovery and exploration industry and Aban Offshore Limited is a major player in this sector. 

In another development, there were earlier media reports that Promoters of Aban Offshore Ltd have offered to pay up to $600 million in a one-time settlement to 17 banks to which it collectively owes nearly $2 billion. The banks, meanwhile, are willing to take up to a 50% haircut which translates to around $1 billion as a potential one-time settlement -- this means perhaps we are very close to a settlement. 

#The stock of 63 Moons Technologies Ltd (Rs.92.95), formerly known as Financial Technologies Limited, was recommended today at around Rs.94-95, for short term targets of Rs.117-121. 

It is pertinent to mention here that Venkat Chary, Chairman of 63 moons technologies said on January, '18: "There are no liabilities today. Nothing has been proven. Not one contract entered into on NSEL platform has been proved illegal or irregular as on today. If any wrongdoing is proved against NSEL then at most we can take it to bankruptcy. We, as a holding company, have invested Rs 40 crore in NSEL and we will lose only that amount".

63 moons technologies (formerly FTIL) has already filed a special leave petition (SLP) in the Supreme Court challenging the Bombay High Court verdict upholding an MCA order directing the merger of scam-hit NSEL with FTIL. 

In February 2016, the GOI had passed an order directing the merger of scam-hit National Spot Exchange Ltd (NSEL) with FTIL. The draft order was issued in October 2014. It was the first case of the government ordering the merger of two private sector companies (under Section 396 of the Companies Act 1956).  

Section 396 in The Companies Act, 1956:

Power of Central Government to provide for amalgamation of companies in public interest.

(1) Where the Central Government is satisfied that it is essential in the public interest that two or more companies should amalgamate, then, notwithstanding anything contained in sections 394 and 395 but subject to the provisions of this section, the Central Government may, by order notified in the Official Gazette, provide for the amalgamation of those companies into a single company with such constitution; with such property, powers, rights, interests, authorities and privileges; and with such liabilities, duties, and obligations; as may be specified in the order. 

THE QUESTION THEREFORE REMAINS, HOW PENALIZING THE LEGITIMATE SHAREHOLDERS OF A COMPANY BECOMES, A CAUSE OF PUBLIC INTEREST,ESPECIALLY WHEN A COURT CASE IS GOING ON AND NOTHING HAS BEEN ESTABLISHED??!! ......only because NSEL was a subsidiary of Financial Technologies, where the latter held 99.99% stake? Now what are the characteristics of a subsidiary? 

According to an article in The  Economic Times, 26 November, '12: 

Each of these is a separate, legal entity with its unique identity and can be owned, either wholly or partially, by the parent company. The reasons for creating a subsidiary vary. It is either borne out of necessity (the nature of the parent firm's business, expansion to other geographies, etc), is the result of acquisitions or forays in a new line of business, or is formed purely as a legal wall to limit the liability of one company if either firm fails. 

The argument that:  If such amalgamations are not done then any person will be free to commit future frauds simply by floating a company and hiding behind a corporate veil, is misplaced, why?

Because Section 396 under which the merger was determined to be necessary in public interest, was meant to be used only for "exceptional cases". A loss in subsidiary company, due to highhandedness of its management cannot be construed as "Unique" and is a handiwork of the parent company. This is Utopian and goes against the principle of corporate spirit of independent management functions; apart from vitiating the concept of limited liability.  

I am therefore, sure that the Honourable Supreme Court of India, will take a note of the same and declare the government of India's illogical fiat as null and void. On the flip side if the apex court goes the High Court way, then it would set a dangerous precedence violating the concept of limited liability and would only mirror the face of a fascist regime; hereto India has never seen or witnessed.

Meanwhile, the net profit of 63 Moons Technologies rose 1564.29% to Rs.2.33 crore in the quarter ended December 2017 as against Rs.0.14 crore during the previous quarter ended December 2016.

The company’s new name is inspired from the 63 moons that orbit Jupiter -- it seems at present the planetary adjustments are progressing in the right direction, to get it's name cleared out of Rs.5,600 crore NSEL money laundering mess.