Winning Strokes: Think Different

Photo: Triveni Turbines

The market climbed on Friday in line with global stocks as crude prices fell and the rupee extended gains to touch a one-month high. Global shares rose on hopes of a trade agreement between China and the United States. The Sensex ended above the psychologically important 35,000 mark after moving above and below that level in intraday trade. Weakness in IT shares capped gains.

The Sensex rose 579.68 points or 1.68% to settle at 35,011.65, its highest closing level since 16 October 2018. The index rose 758.23 points, or 2.20% at the day's high of 35,190.20. The index rose 217.83 points, or 0.63% at the day's low of 34649.80.

The Nifty 50 index rose 172.55 points or 1.66% to settle at 10,553, its highest closing level since 16 October 2018. The index rose 226.50 points, or 2.18% at the day's high of 10,606.95. The index rose 77.25 points, or 0.74% at the day's low of 10,457.70.

Among secondary barometers, the BSE Mid-Cap index rose 0.78%. The BSE Small-Cap index rose 0.76%.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1611 shares rose and 1054 shares fell. A total of 143 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Auto index (up 4.05%), the S&P BSE Metal index (up 3.04%), the S&P BSE Oil & Gas index (up 2.46%) outperformed the Sensex. The S&P BSE IT index (down 1.32%), the S&P BSE Teck index (down 0.96%), the S&P BSE Healthcare index (down 0.48%) underperformed the Sensex.

Oil sector stocks rose. Among oil exploration and production firms, ONGC (up 1.98%), Oil India (up 2.17%) and Reliance Industries (up 1.64%), edged higher.

Among state-run oil marketing companies, BPCL (up 6.69%) and Indian Oil Corporation (up 4.85%), edged higher.

IT shares declined on a firm rupee. Tech Mahindra (down 4.29%), Wipro (down 3.29%), MindTree (down 2.7%), Hexaware Technologies (down 2.55%), MphasiS (down 2.37%), TCS (down 1.28%), HCL Technologies (down 1.25%) and Infosys (down 0.65%), edged lower. Oracle Financial Services Software (up 0.25%) and Persistent Systems (up 0.87%), edged higher.

Appreciation in rupee dents top line of IT firms as these companies derive most of their revenues in dollar terms.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 72.505, compared with its close of 73.455 during the previous trading session.

In the global commodities markets, Brent for January 2019 settlement was up 9 cents at $72.98 a barrel. The contract had fallen $2.15 a barrel or 2.87% to settle at $72.89 a barrel during the previous trading session.

Overseas, shares in Europe and Asia jumped on Friday on hopes of a trade agreement between China and the United States.

On the US data front, the ISM manufacturing index fell to a six-month low of 57.7%. Respondents cited rising costs as a concern. The IHS Markit final US Manufacturing Purchasing Managers' Index printed at 55.7 for October, up slightly from 55.6 in September. A reading of at least 50 indicates improving conditions.

Nonfarm productivity growth grew at a 2.1% annualized rate in the third quarter. Unit labor costs rose by 1.2%.

The number of newly unemployed Americans seeking jobless benefits fell in the seven days ended 27 October to 212,000.

#The stock of Ishan Dyes & Chemicals Ltd (Rs.53.25) rose to Rs.55, intraday, my 2nd target, where Premium Members were asked to book profits. If you remember the scrip was recommended last week at around Rs.47.

#The stock of Omkar Dyes & Chemicals Ltd was recommended to the Premium Members and also in Twitter, the scrip hit the buyer freeze at Rs.10.35 in the NSE and Rs.10.55 in the BSE. It is a leading player in global tartaric acid market. Wine application owns prominent market share and consistently leads global tartaric acid market. This segment is estimated to grow at CAGR of 4% over the new couple of years, due to rising wine consumption in both advanced and developing countries. In addition, the demand from food & beverages application is projected to rise owing to growing trends for processed food and nutritive beverages in emerging economies of Asia Pacific and Europe, like Japan, China, Australia, and Spain, Italy and France respectively.

#A Buy call was given on the scrip of Reliance Communications Ltd (Rs.14.10) at around Rs.13-13.50, a couple of days back, on the premise that DoT will not have much leeway if it goes for an appeal against the TDSAT ruling. I am looking for targets of Rs.19-21, in the coming few weeks. The scrip made an intraday high of Rs.15.25 in the NSE, yesterday. 

#A Buy call was given in the stock of Housing Development & Infrastructure Ltd (Rs.21.45) at around Rs.20.70 on the news that a brokerage house has given a bullish call on the Real Estate sector. I am expecting the scrip to touch Rs.27-31, in the coming days, where profit booking is suggested.

#A Buy was initiated in the shares of Triveni Turbine Ltd at around Rs.111, for short term targets of Rs.117-135. SL: Rs.96. The board of Triveni Turbine on Thursday approved a proposal for buyback at ₹150 a share for an aggregate amount not exceeding ₹100 crore, it said in a release to the exchanges. The buyback will be on proportionate basis and the resultant equity shares to be bought back with the maximum price is 66.66 lakh shares. The board of directors also noted the intention of the promoters to participate in the proposed buyback.

#My Buy call on Bank_Nifty last week is going fine. Yesterday, it closed at 25701.65 up Twitter have made money in the scrip. I still mantain my target of 27000 going forward. 

#My Buy Call on Nifty_Futures at 10200, has already reached my target of 10400. Yesterday, the Nifty_50 closed at 10,585 up 171.55 points or 1.65%, much above the target price. 

#I will recommend a Momentum Counter next week to the Premium Members. Those who are interested to know the name in advance should either join my Premium Information Service or Trade through my recommended brokerage house, with a minimum portfolio size of Rs.2 lakhs. You can join me in TWITTER, for Free Stock Recommendations. If you can invest at around Rs.3-5 lakhs on profit sharing basis in momentum stocks and in F&O space, then I will assure you solid income, through both sides playing (buy  and sell).

Also, if anyone is interested in investing around Rs.1-2 crore in the Real Estate Sector in Mumbai Metropolis at around Rs.2000-2200 per sq. fit (Bulk Buying), then they are likely to get superb profits going forward. For this you  first have to show me:

#Money in your Account.

#Sign an MoU with me.

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

Market may resume slide

30-Oct-2018: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 55 points at the opening bell on mixed Asian cues.

Overseas, Asian shares were mixed amid renewed concerns about the ongoing US-China trade war. US stocks closed lower Monday in a volatile session as concerns about global growth resurfaced following a news report that suggested that the US is about to intensify its trade war with China.

President Donald Trump's administration is prepared to announce tariffs on remaining Chinese imports if talks next month between Trump and Xi Jinping do not yield results, the media reported. Such a move is expected to hurt the global economy.

On the US data front, consumer spending rose 0.4% in September. Incomes rose a smaller 0.2%, the smallest rise in 13 months, while inflationary pressures appeared to slacken. The personal-consumption expenditures inflation index, the Federal Reserve's favorite price gauge, rose 0.1% in September, while the 12-month rate slipped to 2% from 2.2%.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 2230.79 crore on 29 October 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 2526.90 crore on 29 October 2018, as per provisional data.

Domestic stocks logged sharp gains on 29 October 2018, on strong buying demand in index pivotals. The barometer index, the S&P BSE Sensex, surged 718.09 points or 2.15% to settle at 34,067.40. The Nifty 50 index surged 220.85 points or 2.20% to settle at 10,250.85. The Sensex regained the psychological 34,000 level.

~~Powered by Capital Market Live News...

Winning Strokes: Think Different

Domestic stocks logged sharp gains on first trading day of the week on strong buying demand in index pivotals. The barometer index, the S&P BSE Sensex, surged 718.09 points or 2.15% to settle at 34,067.40. The Nifty 50 index surged 220.85 points or 2.20% to settle at 10,250.85. The Sensex regained the psychological 34,000 level.

Investors took cues from the Reserve Bank of India (RBI)'s announcement that it will buy government bonds in November as it seeks to inject liquidity into the market. The announcement eased worries about a credit crunch after defaults at a major infrastructure financing company, IL&FS.

Based on an assessment of the durable liquidity needs going forward, RBI has decided to conduct purchase of government securities under open market operations (OMOs) for an aggregate amount of Rs 40,000 crore in the month of November 2018. The auction dates and the Government securities to be purchased in the respective auctions would be communicated in due course. The OMO amount stated above is indicative and RBI retains the flexibility to change it, depending on the evolving liquidity and market conditions, RBI said in a statement on 26 October 2018. I had mentioned earlier that OMOs will be conducted to induce liqudity into the system. 

The Sensex surged 718.09 points or 2.15% to settle at 34,067.40. The index hit high of 34,154.60 and low of 33,341.80 during the day.

The Nifty 50 index surged 220.85 points or 2.20% to settle at 10,250.85. The index hit high of 10,275.30 and low of 10,020.35 during the day.

Broader market surged. Among secondary barometers, the BSE Mid-Cap index rose 2.8%. The BSE Small-Cap index rose 2.06%.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1816 shares rose and 767 shares fell. A total of 170 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Healthcare index (up 4.21%), the S&P BSE Realty index (up 3.71%), the S&P BSE Captal Goods (up 3.55%) outperformed the Sensex. The S&P BSE Auto index (up 1.71%) and the S&P BSE FMCG index (up 0.99%) underperformed the Sensex.

Pharma shares gained. Cadila Healthcare (up 3.42%), Cipla (up 5.06%), Dr Reddy's Laboratories (up 5.44%), Glenmark Pharmaceuticals (up 1.99%), Lupin (up 3.72%), Sun Pharmaceutical Industries (up 3.43%), GlaxoSmithKline Pharmaceuticals (up 4.48%), Aurobindo Pharma (up 6.93%) and Wockhardt (up 11.37%) advanced. Alkem Laboratories (dow 1.08%) declined.

Divi's Laboratories jumped 14.91% after net profit surged 92.31% to Rs 397.65 crore on 47.77% rise in total income to Rs 1365.05 crore in Q2 September 2018 over Q2 September 2017. The result was announced on Saturday, 27 October 2018. I had earlier asked all to exit the short call on the scrip at the cost price, after it failed to perform as expected. 

On the macro front, India's exports rose by 9.8%, in financial year 2017-18, which is the highest rate of growth in six years. This positive growth in exports has taken place at a time when there is a lot of negative headwinds globally. This was stated by Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, at the Export Summit 2018 organised by Confederation of Indian Industry in New Delhi today. The Minister further stated that Commerce Ministry is working on a strategy to revitalize India's exports and is working with key exporting ministries to formulate sectoral, commodity and territory specific export strategy. Meetings with concerned ministries have already been held where different ministries and stakeholders have been consulted after which a matrix of specific action points have been prepared sector wise, commodity wise and territory wise.

Suresh Prabhu further stated that he is personally monitoring the progress and regular meetings are being held with sectoral ministries, export promotion councils and exporters. Certain issues which were affecting growth of exports have been specifically taken up with Department of Revenue and Ministry of Environment. The Commerce Minister also said that the soon to be unveiled agri export policy will give a major boost to the agricultural sector and will pave the way for Indian farmer's income to be doubled. India produces 600 MT of agricultural produce and has the capacity to export the excess production to the world.

On the data front, the Commerce Department reported that the US economy grew 3.5% in the third quarter. Second-quarter growth held at 4.2%. Meanwhile, the University of Michigan's consumer sentiment index came in at 98.6.

#Gravita India Ltd recommended both to the Paid and Free Groups and in Twitter at around Rs.67-68, hit the buyer freeze at Rs.73.10 in the NSE. It however closed at Rs.72,95 in the NSE, with a volume of 371,942. As of June, '18, Gravita India Ltd was having an order book of approximately Rs. 260 Crores in hand for Lead, Aluminium and Plastic products. Sheath Materials Market is Growing Exponentially: One of the major companies operating in the global Sheath Materials market is Gravita India Ltd.

#The scrip of Eros International Media Ltd today touched Rs.75.40 in the NSE before closing at Rs.71.85. Yesterday, it was reiterated a buy in Twitter, after its excellent Q2FY19 results. Buy on dips for the targets mentioned earlier. 

#Today, the stock of Ishan Dyes & Chemicals Ltd was recommended to the Premium Members and to those on Twitter and Facebook at around Rs.47. The scrip touched Rs.48.80 before closing flat. The company is into the manufacturing of H-acid, which is an important dye Intermediate extracted from naphthalene. According to a report in Dalal Street Investment Journal, H-acid is used in manufacturing of large number of black dyes, Azo dyes and pigments which are then used to dye paper, textiles etc. It major applications are industrial, food, cosmetic, pharmaceutical. H-acid is the most polluting industrial effluent that generates 50 kg of waste for every one kg of usable material. It is toxic and non-biodegradable causing severe land, air and water pollution. Having considered the ill-effects of H-acid manufacturing process, most developed countries of the world gradually have phased it out already.  However, the demand for H-acid continues as there is no other alternative to its uses. For this reason, the manufacturing was outsourced to countries like China and India where environmental norms are not as strict. India is the second largest manufacturer of H-acid globally after China with majority of production being done in Gujarat & Maharashtra by SMEs. This industry is witnessing a good time, following China's crackdown on local industry to lower pollution, which has resulted in irregular supply and thus doubling of prices of H-acid. Buy the scrip and keep holding for targets around Rs.59-60, from where it fell.

#A buy call was initiated on Bank Nifty, last week which surged today and closed at 25,085.55 up 583.10 points or 2.38%. I am having a target of 27000, which will give you decent returns on your investment 27000 call which is now trading at Rs.36.50, up Rs.17.80 or 95.19% from Friday's closing price. Follow me on Facebook and Twitter, especially the latter to make decent money from the equities. 
If you have made some money from my calls, then you can always think of sharing a part of your profit, to Support Me and My Blog. You can also form a group, of say of 250 people (investors/traders/learners, etc) each contributing Rs.500 (five hundred) per month and come to me -- I am always welcome for such mechanisms, through which I can deliver my expertise and my more than 2-decade old experience to you, at a minimum price tag. I don't think Rs.500 per month would be ab big deal for you; but for that you need to take an initiate to form a team.

#I Reiterate a buy on the scrip of Tamil Nadu Petroproducts Ltd at the CMP of Rs.37.95. The Net Profit of Tamil Nadu Petro Products rose 66.78% to Rs 19.33 crore in September 2018 quarter as against Rs.11.59 crore in Q2FY18. Sales rose 41.55% to Rs 333.71 crore in September 2018 quarter as against Rs.235.75 crore during September 2017 quarter.

#Nifty as expected climbed up 221 points (2.2%) to close at 10250, in one of the biggest rally since October 12. There was all round buying interest in the market after a long time on account of impressive quarterly results by some bellwether companies, 10-Year Bond Yield's fall to 2-month's low and recovery in the global markets also added to the momentum. 

PSU Bank Index (up 8%) was the biggest gainer today since October 2017 on account of fall in 10-year G-Sec Yield after the RBI announced OMOs worth Rs.400 billion. 

If you remember, I had mentioned last week on Twitter about NOT taking any fresh short position in Nifty_Future, even though the Spot_Nifty broke the decisive 10100 mark on the downside. Instead I asked all to consider a BUY on Bank Nifty, in view of a report that "Green shoots have started to emerge..".
Meanwhile, the private bank major, ICICI Bank surged 11% to close at Rs349, after announcing strong quarterly results. Moreover, there was short covering, bargain hunting in the mid-cap and small cap stocks due to decline of 30-50% from their recent peaks. 

NBFC stocks, which were hammered during the last few weeks following the investors' concerns on their fundamentals, gained on hopes of the Government and RBI's initiatives to increase liquidity. There were also media reports that the GOI could hasten the bank re-capitalization process, in order to give a lifeline to the NBFCs.

#If you have lost money earlier, don't worry, come with fresh funds, I will help you recover your losses and then come out victorious. I am now applying different techniques to cut your losses and emerge as gainers. Also, life-time discounted offer at only Rs.2000 per year is going on, which will continue till 31st December, 2018. This is just one time investment you need to do and then remain free from any subscription charge for the next 30 years.

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

Market Mantra

Photo: Pharma Tips

The Sensex and the Nifty firmed up once again in early afternoon trade. At 12:17 IST, the barometer index, the S&P BSE Sensex, was up 150.65 points or 0.43% at 35,313.13. The Nifty 50 index was up 26.05 points or 0.25% at 10,610.80. Shares of auto and non-banking financial companies came under selling pressure.

Among secondary barometers, the BSE Mid-Cap index was down 0.62%. The BSE Small-Cap index was down 0.61%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 925 shares rose and 1413 shares fell. A total of 115 shares were unchanged. sss

Shares of non-banking financial companies (NBFCs) tumbled. Indiabulls Housing Finance (down 8.86%), Edelweiss Financial Services (down 6.66%), Muthoot Capital Services (down 5.2%), Reliance Capital (down 4.37%), Bajaj Finance (down 3.28%), IIFL Holdings (down 3.2%), Mahindra & Mahindra Financial Services (down 2.65%), Shriram Transport Finance Corporation (down 2.65%), Cholamandalam Investment and Finance Company (down 2.62%), Bajaj Finserv (down 2.19%), IDFC (down 1.9%), Manappuram Finance (down 1.47%) and LIC Housing Finance (down 0.97%), edged lower. Muthoot Finance was up 0.10%.

Auto shares declined. TVS Motor Company (down 2.7%), Maruti Suzuki India (down 1.87%), Eicher Motors (down 1.76%), Ashok Leyland (down 1.37%), Mahindra & Mahindra (down 1.28%), Bajaj Auto (down 0.95%), Tata Motors (down 0.43%) and Hero MotoCorp (down 0.26%), edged lower. Escorts was up 0.53%.

Shares of Hero MotoCorp were down 0.30%. Net profit of Hero MotoCorp declined 3.39% to Rs 976.28 crore on 8.59% rise in net sales to Rs 9090.94 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 16 October 2018.

Earnings before interest, tax, depreciation, & amortization (EBITDA) for the quarter stood at Rs 1379 crore, reflecting 15.2% EBITDA margin (vs. 15.6% in Q1 June 2018 and 17.4% in the corresponding period last year). The company reported volumes of 21,34,051 units in Q2 September 2018, a growth of 5.5% over corresponding period.

Overseas, Asian shares rose across the board on Wednesday following a strong bounce on Wall Street overnight. In US, the major indices saw their best day since March, with stocks rising on the back of upbeat earnings and robust economic data.

Meanwhile, US President Donald Trump continued his criticism of the Federal Reserve, calling it his biggest threat as it was raising rates too fast. Trump had previously said the Fed has "gone crazy" and attributed last week's plunge on Wall Street to the US central bank.

On the data front, US industrial production rose 0.3% in September, according to the Federal Reserve. The number of job openings in the US reached another all-time high of 7.1 million in August, according a report released Tuesday morning by the Labor Department. The same report showed that American workers were voluntarily quitting their jobs at a rate of 2.4% in August, matching the July reading, which was the highest since 2001.

The National Association of Home Builders Confidence Index ticked up one point to 68 in October, though it remains down from a cycle high of 74, reached in December 2017.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

#Buy the shares of Strides Pharma Science Ltd (CMP: Rs.439) at around Rs.437-438 for short term targets of Rs.536/665. SL: Rs.396. It's EPS of Rs.72.82 should give a price of at least Rs.750. It is among the top 10-15 companies in India. The call was given both to the Premium Members and to all my followers in Twitter. 

#The shares of Sunil Hightech Engineers Ltd hit another buyer freeze today at around Rs.1.22. I have mentioned umpteen number of times that the company is too big to fail. 

#The Nifty_Spot conquered 10500 levels once again. It now remains to be seen whether the bulls can take it to the level of 10700.. 

#If any of the Premium Members is not getting my inputs on their Whatsapps, kindly ping me, as I have all your telephone numbers. Also, if you have around Rs.2 -5 lakhs then we can jointly work together to make good money, investing in shares of mid-cap companies (No margin trading will be done). The small caps have become extremely risky these days.  

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

Market Mantra

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19.50 points at the opening bell on positive Asian cues.

Overseas, Asian shares were trading higher on Tuesday. China's consumer inflation in September rose 2.5% compared to a year ago and 0.7% higher than August, government data on Tuesday showed.

In US, major benchmarks closed lower Monday as tech weakness prevented stocks from holding on to earlier gains. Investors also remained cautious following last week's equity-market rout, sparked in part by rising US interest rates.

On the data front, US retail sales rose 0.1% in September, less than expected. Excluding car sales, the figure remained flat last month. The Empire State Index meanwhile rose 2.1 points to 21.1 in October, compared with 19 previously. Business inventories for August rose 0.5%.

Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 67.86 crore on 15 October 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 294.78 crore on 15 October 2018, as per provisional data.

Trading for the week started on a positive note as key equity indices finished higher in a volatile trade on Monday, 15 October 2018. Indices were choppy in intraday as rising oil prices and a weakening rupee spooked investors during the earnings season, amid negative Asian cues. The Sensex rose 131.52 points or 0.38% to settle at 34,865.10. The Nifty 50 index rose 40 points or 0.38% to settle at 10,512.50.

On the macro front, India's merchandise trade deficit during April-September 2018 was reported at $94.32 billion and $13.98 billion in September 2018, which is the lowest in last 5 months, despite high oil prices.

Merchandise exports in September 2018 exhibited a positive growth of 9.65% in Rupee terms. In dollar terms there was a marginal negative growth in merchandise exports of 2.15% in September 2018. In the first six months (April-September 2018), merchandise exports exhibited a positive growth of 19.93% in Rupee terms and 12.54% in US$ terms over same period last year.

Imports during April-September 2018 exhibited a positive growth of 16.16% in US$ terms. In September 2018, imports exhibited a positive growth of 10.45% in US$ terms (which is the lowest in last 5 months) and 23.78 in Rupee terms.

#Those who have taken position in the share of Eros International Ltd (Rs.83.35) yesterday at around Rs.82-83, should keep on adding on market declines. The share moved to around Rs.85, yesterday after it was recommended on Twitter. 

#Those who are holding the stock of Global Offshore Services Ltd (Rs.12.65) should continue to add on declines for long term hold. The crude oil has started to inch up.

#The stock of Den Networks Ltd (Rs.77.40) today made an high of Rs.80.30  in the BSE. The scrip was recommended on 8 August, 2018 in this blog, at around Rs.47-48.20, citing the reasons for purchase. It was recommended earlier, but at much lesser price. 

#Happy Navratri and Durga Pooja to all my blog viewers. Hope "Ma Durga" will give you peace and happiness. Avail the Festive discounts, on subscription of the Premium Information Service. 

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

Winning Strokes: Think Different

The market spurted on Wednesday led by rally in financial shares. Gains were triggered by value buying after recent steep fall in share prices. The central bank's decision to inject liquidity into the system through purchase of government bonds also improved sentiment.

The Sensex rose 461.42 points or 1.35% to settle at 34,760.89, its highest closing level since 4 October 2018. The index rose 558.88 points, or 1.63% at the day's high of 34,858.35. The index rose 47.03 points, or 0.14% at the day's low of 34,346.50.

The Nifty 50 index rose 159.05 points or 1.54% to settle at 10,460.10, its highest closing level since 4 October 2018. The index rose 181.30 points, or 1.76% at the day's high of 10,482.35. The index rose 17.20 points, or 0.17% at the day's low of 10,318.25.

Among secondary barometers, the BSE Mid-Cap index rose 4.23%. The BSE Small-Cap index rose 3.67%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On BSE, 2060 shares rose and 606 shares fell. A total of 135 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Realty index (up 4.44%), the S&P BSE Consumer Durables index (up 3.77%), the S&P BSE Finance index (up 3.55%), the S&P BSE Bankex (up 3.53%), the S&P BSE Industrials index (up 3.44%), the S&P BSE Capital Goods index (up 3.40%), the S&P BSE Consumer Discretionary Goods & Services index (up 3.16%), the S&P BSE Auto index (up 2.82%), the S&P BSE Power index (up 2.69%), the S&P BSE Utilities index (up 2.54%), the S&P BSE Basic Materials index (up 2.29%), the S&P BSE Metal index (up 1.88%), the S&P BSE Healthcare index (up 1.80%), the S&P BSE Telecom index (up 1.77%), the S&P BSE Oil & Gas index (up 1.76%), the S&P BSE FMCG index (up 1.66%) and the S&P BSE Sensex index (up 1.35%), outperformed the Sensex. The S&P BSE Energy index (up 1.26%), the S&P BSE Teck index (down 1.07%) and the S&P BSE IT index (down 1.52%), underperformed the Sensex.

National Aluminium Company (Nalco) rose 9.34% after the company said that its board will meet on 12 October 2018 to consider the proposal for buyback of the fully paid-up equity shares of the company.

Shares of the non-banking finance companies (NBFCs) surged after State Bank of India (SBI) reportedly said that it will increase its planned purchase of portfolios from non-banking financial companies.

Among NBFC shares, Shriram Transport Finance Corporation (up 13.18%), Bajaj Finserv (up 10.06%), Edelweiss Financial Services (up 9.99%), Bajaj Finance (up 9.91%), Mahindra & Mahindra Financial Services (up 9.79%), Muthoot Finance (up 9.23%), Cholamandalam Investment and Finance Company (up 9.19%), Muthoot Capital Services (up 7.75%), Reliance Capital (up 6.85%), LIC Housing Finance (up 6.72%), Manappuram Finance (up 6.7%), IDFC (up 6.55%), IIFL Holdings (up 4.19%) and Indiabulls Housing Finance (up 3.61%), edged higher.

State-run SBI jumped 5.88%. SBI reportedly said it will increase its portfolio purchase of loans from non-banking finance companies (NBFCs) this year as it looks to provide the much needed liquidity to the funds-starved sector, and simultaneously fulfil its priority-sector obligations. The bank is looking for opportunities both in priority and non-priority sectors. The bank had initially planned for a growth of Rs 15,000 crore through portfolio purchase during the current year, which is now being enhanced. As per the bank's internal assessment, there may be an opportunity to buy an additional portfolio in the range of Rs 20,000 to Rs 30,000 crore.

Among other banks, Axis Bank (up 6.62%), Yes Bank (up 4.44%), ICICI Bank (up 4.18%), Vedanta (up 2.86%) and Kotak Mahindra Bank (up 2.66%), edged higher.

Shares of aviation companies rose after media reports suggested that the government has sought for Election Commission's nod for cutting excise duty on jet fuel. Jet Airways India (up 7.78%), Spicejet (up 4.37%) and Interglobe Aviation (up 2.98%), edged higher.

On the macro front, based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank of India (RBI) has decided to conduct purchase of the following Government securities under Open Market Operations for an aggregate amount of Rs 12000 crore on 11 October 2018 through multi-security auction using the multiple price method.

In the foreign exchange market, the rupee recovered against the dollar. The partially convertible rupee was hovering at 74.18, compared with its close of 74.39 during the previous trading session.

In the global commodities markets, Brent for December 2018 settlement was up 2 cents at $85.02 a barrel. The contract had risen $1.09 a barrel or 1.30% to settle at $85 a barrel during the previous trading session.

Asian shares ended mixed on Wednesday after a mixed finish on Wall Street overnight. US stocks closed mostly lower Tuesday after a volatile session as investors continued to fret over the implication of higher bond yields on equities. The Nasdaq, however, snapped a three-day losing streak in line with a rebound in technology shares.

US President Donald Trump said Tuesday that he did not like the Federal Reserve's decision to continue hiking interest rates. The US central bank last raised its benchmark interest rate by a quarter point in September, while raising its expectations for economic growth for this year and next.

On the US data front, the National Federation of Independent Business small-business optimism index fell 0.9 point in September, falling from a 45-year high to a seasonally adjusted level of 108.8.

#The shares of Punjab National Bank Ltd recommended around Rs.62.65 yesterday today touched Rs.67 and closed at Rs.66.35. The rising interest rate scenario and positive management commentary will take the scrip to Rs.72, within this week, if this rally continues. 

#The shares of State Bank of India today reached my 1st target of Rs.271 and touched Rs.280.45. It closed at Rs.278.65 up 5.97%. Higher interest rates boost bank profits as they increase the spread between what banks earn by funding longer-term assets, such as loans, with shorter-term liabilities.

#The stock of Global Offshore Services Ltd, the erstwhile Garware Shipping Corporation/Garware Offshore Services was recommended on Twitter and also to the Premium Members based on the crude oil price hike;  at around Rs.12. The scrip closed at Rs.13.1 today, having touched Rs.13.25, intraday. Incorporated on Sep. 20, 1976, Global Offshore Services Ltd belongs to Garware group of companies. It operates in one business segment, chartering of its fleets on hire basis. Average age of its fleet on a consolidated basis, stands at just over 6 years & could be considered to be one of the “younger” fleets in the sector.  One positive development regarding reducing the overcapacity in the sector is that Demolition of OSVs is increasing. Also, it is not expected that all such unemployed units will be reactivated. It is pertinent to mention that over-supply of vessels was caused by over-ordering during the previous boom and easy bank credit. 

It will not too much of an exaggeration to reiterate that Rise in Crude Oil prices is directly proportion to the OSV market, in which companies like Global Offshore Ltd work.  Offshore oil production is projected to increase at a CAGR of 2% from 2017 to 2027, to reach 31.1 m bpd (30% of global oil output). Already with the rise in oil prices, there is some momentum in oil exploration activities in the North Sea market. The year on year demand in 4000+DWT PSV category has increased by 15%. Charter rates in the spot market have also increased in North Sea. Therefore, there is a RAY of HOPE of the sector fundamentals improving in future as the Crude Oil Prices are moving North. The scrip fell from around Rs.850 to the current price of Rs.13.10. Therefore, if the things work as per plan, then this single piece could make you millionaire in the long term. However, there is always a high risk associated with this kind of stock.

#The scrip of Yes Bank Ltd recommended to the Premium Members at around Rs.185 today touched its 2nd target of Rs.237, before closing at Rs.233.90, up 4.12%. The 1st target of Rs.221 was reached a couple of days back. 

#The Nifty did get support along 10286 levels, as was mentioned a number of times to the Premium Members on their Whatsapp. For tomorrow's Nifty Values, one should subscribe to the Premium Membership. If you are really interested in making money you need to join a professional team. With reasonably accurate F&O predictions you can make good money out of Option Trading, with Small Capital. Just take into note how much money people would have made in Yes Bank Ltd and Punjab National Bank Ltd through OPTIONS.  Also, if you have lost money earlier, then bring some cash, I will help to recover that amount. Also, I'm generally active in Twitter during the market hours. You can join me there at: suman2009s.

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

Winning Strokes: Think Different

Photo: Franchise India

After reporting steep losses last week, key equity benchmark started the week on a positive note, led by bargain hunting in banks and oil sector stocks. Trading was highly volatile as indices swung between gains and losses in intraday trade. The Sensex bounced back after briefly slipping below the 34,000 mark.

The Sensex rose 97.39 points or 0.28% to settle at 34,474.38, its highest closing level since 4 October 2018. The index rose 259.44 points, or 0.75% at the day's high of 34,636.43. The index fell 402.33 points, or 1.17% at the day's low of 33,974.66.

Broader market tumbled. Among secondary barometers, the BSE Mid-Cap index fell 1.99%. The BSE Small-Cap index fell 2.01%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was weak. On BSE, 734 shares rose and 1910 shares fell. A total of 197 shares were unchanged.

Oil sector stocks surged. Among public sector oil marketing companies, BPCL (up 0.19%), HPCL (up 8.15%) and Indian Oil Corporation (up 5.63%), edged higher.

Among oil explorers and refiners, ONGC (up 1.94%), Oil India (up 4.79%) and Reliance Industries (up 5.53%), edged higher.

On the political front, the Election Commission (EC) on Saturday announced the dates for the Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram Assembly polls. While Chhattisgarh will go to the polls in two phases on November 12 and 20, the Madhya Pradesh and Mizoram Assembly elections will be held on November 28. Polling in Rajasthan and Telangana will be held on December 7. Counting of votes will be held across all the five states on December 11.

In the foreign exchange market, the partially convertible rupee was hovering at 74.025, compared with its close of 73.76 during the previous trading session.

In the global commodities markets, Brent for December 2018 settlement was down $1.11 a barrel at $83.05 a barrel. The contract had fallen 42 cents, or 0.50% to settle at $84.16 a barrel during the previous trading session.

Asian markets slipped further on Monday. Japan's market is closed for a public holiday. China's markets tumbled following a week-long holiday and after its central bank cut banks' reserve requirements in a bid to support growth. Reserve requirement ratios (RRRs) - currently 15.5 percent for large commercial lenders and 13.5 percent for smaller banks - would be cut by 100 basis points effective October 15, the People's Bank of China (PBOC) said on Sunday.

US stocks closed sharply lower Friday as worries about rising interest rates overshadowed the September jobs report, which pointed to strength in the labor market and the broader economy.

On the US data front, the September jobs report showed 134,000 jobs added in the month. The report showed the unemployment rate dropping to 3.7%. In addition, average hourly wage paid to American workers rose 0.3% an hour, while the 12-month rate of hourly wage gains came in at 2.8%. The wage data were of particular interest because of what it can communicate about inflation in the US economy.

#The stock of Indian Oil Corporation Ltd was given a buy around Rs.113-117, when it fell from earlier recommended price of around Rs.141. The stock made an intraday high of Rs.125.80, before closing at Rs.124.70. However, I would suggest you to exit the stock on market rises, as this is election year and there could be further cut in the petrol and diesel prices. 

#The stock of Kwality Ltd recommended to the Premium Members on Monday at around Rs.12 hit the buyer freeze at Rs.12.57 in the BSE. The scrip is going to hit some more buyer freees and hence remain invested. 

#The Nifty as expected bounced from the levels of 10283. The following message was sent to the Premium Members on Monday morning on their Whatsapps: 

//Nifty Levels: There is a strong support along 10001 - 10283 levels, from where a bounce is expected, especially from the oversold positions, which should be used to come out of overnight short positions. However, if this support level breaks then next support come at 9830 - 9680 - 9377 zone. I feel the Nifty should not fall below 9377- 9368 in the short term//

#I will soon be recommending either a Put/Call scrip or a small/mid cap counter to the Premium Members, for the short term trading. Those who want to know the names should get enrolled to the Premium Services at the earliest. 

#My recently recommended Yes Bank Ltd today made a high of Rs.227.65 during intraday before closing at Rs,220.80 in the BSE. 

Market Mantra: Bulls Set To Come Back To The Ring, Again

Photo: Sapient Wealth Advisers & Brokers

Indian equity benchmarks crashed as blue chip stocks came under heavy selling pressure, yesterday. The barometer index, the S&P BSE Sensex, fell 806.47 points or 2.24% to 35,169.16, as per the provisional closing data. The Nifty 50 index fell 309.85 points or 2.85% to 10,548.40, as per the provisional closing data. Gains in ICICI Bank and Larsen & Toubro supported bourses at lower levels.

Falling rupee and surging crude prices put pressure on shares. India imports majority of its crude requirements and a surge in crude raises concerns on fiscal deficit, inflation and gives lesser room for the government to boost growth through spending on infrastructure. A weak rupee raises the cost of importing crude oil.

Negative global cues also spoiled sentiment. Investors were cautious ahead of the outcome of Reserve Bank of India (RBI)'s three-day Monetary Policy Committee (MPC) meeting tomorrow, 5 October 2018. The resolution of the MPC will be unveiled at 14:30 IST on 5 October 2018.

Among secondary equity barometers, the BSE Mid-Cap index fell 1.93%. The BSE Small-Cap index fell 2.07%.

The market breadth, indicating the overall health of the market, was weak. On BSE, 779 shares rose and 1885 shares fell. A total of 138 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Capital Goods index (down 0.07%), the S&P BSE Bankex (down 0.26%), the S&P BSE Metal index (down 0.56%), the S&P BSE Power index (down 0.67%), the S&P BSE Basic Materials index (down 0.85%), the S&P BSE Industrials index (down 0.99%), the S&P BSE Utilities index (down 1.08%), the S&P BSE Finance index (down 1.11%), the S&P BSE Realty index (down 1.11%), the S&P BSE Consumer Durables index (down 1.51%), the S&P BSE Consumer Discretionary Goods & Services index (down 1.79%), the S&P BSE Auto index (down 1.84%) and the S&P BSE Telecom index (down 1.86%), outperformed the Sensex. The S&P BSE FMCG index (down 2.56%), the S&P BSE Teck index (down 2.97%), the S&P BSE Healthcare index (down 3.02%), the S&P BSE IT index (down 3.28%), the S&P BSE Oil & Gas index (down 6.58%) and the S&P BSE Energy index (down 6.66%), underperformed the Sensex.

Shares of oil marketing companies slumped after Finance Minister Arun Jaitley announced to cut fuel price by Rs 2.5 per litre. Government has cut excise on petrol and diesel by Rs 1.5 per litre. Oil marketing companies have been asked to bear remaining burden of Re 1 per litre.

Indian Oil Corporation (down 10.57%), BPCL (down 10.89%) and HPCL (down 12.23%), crashed. Reliance Industries (down 7.03%), Hero MotoCorp (down 5.45%), Adani Ports & Special Economic Zone (down 4.17%), ONGC (down 3.74%) and Sun Pharmaceutical Industries (down 3.7%), were the major Sensex losers.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 73.70, compared with its close of 73.34 during the previous trading session. Rupee hit a record low of 73.815 yesterday.

In the global commodities markets, Brent for December 2018 settlement was down 25 cents at $86.04 a barrel. The contract had risen $1.49 a barrel or 1.76% to settle at $86.29 a barrel during the previous trading session.

Meanwhile, India's service sector continued to expand during September, but at a marginal rate amid reports of underwhelming market demand. The seasonally adjusted Nikkei India Services Business Activity Index recorded 50.9 during September. That was down from 51.5 in August and the lowest reading in the current four-month sequence of rising activity.

The seasonally adjusted Nikkei India Composite PMI Output Index also recorded a fall during September. Posting a level of 51.6, the index was down from 51.9 in August and at its lowest level in four months. That was despite a slight improvement in the manufacturing sector, where output growth strengthened to a solid pace.

Investors will be closely watching the outcome of Reserve Bank of India (RBI)'s three-day Monetary Policy Committee (MPC) meeting today, 5 October 2018. The resolution of the MPC will be unveiled at 14:30 IST today, 5 October 2018.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 53 points at the opening bell.

Overseas, Asian stocks were trading lower after US equities fell to a three-week low amid the surge in bond yields. US stocks dropped yesterday, 4 October 2018 as the rout in Treasuries that took yields to multiyear highs fueled a repricing of risk assets.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 2760.63 crore yesterday, 4 October 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs.1823.59 crore yesterday, 4 October 2018, as per provisional data.

On the macro front, giving a boost to farmers' income, the Cabinet Committee on Economic Affairs chaired by the Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all Rabi crops for 2018-19 to be marketed in 2019-20 season. The farmer friendly initiative will give additional return to the farmers of Rs 62,635 crore by way of increasing MSP of notified crops to at least 50% return over cost of production and will aid in doubling farmers' income. The increase in the MSPs of wheat has been raised by Rs105 per quintal, safflower by Rs 845 per quintal, barley by Rs 30 per quintal, masur (lentil) by Rs 225 per quintal, gram by Rs 220 per quintal and rapeseed & mustard by Rs 200 per quintal is another major step in this regard, the Ministry of Agriculture & Farmers Welfare said in a statement yesterday, 3 October 2018.

On the economic front, the provisional figures of Direct Tax collections up to September, 2018 (Half-yearly figures) show that gross collections are at Rs.5.47 lakh crore which is 16.7% higher than the gross collections for the corresponding period of last year. It is pertinent to mention that gross collections of the corresponding period of F.Y. 2017-18 also included extraordinary collections under the Income Declaration Scheme(IDS), 2016 amounting to Rs. 10,254 crore (Third and last installment of IDS), which does not form part of the current year's collection.

Refunds amounting to Rs 1.03 lakh crore have been issued during April, 2018 to September, 2018, which is 30.4% higher than refunds issued during the same period in the preceding year. Net collections (after adjusting for refunds) have increased by 14% to Rs. 4.44 lakh crore during April, 2018 to September, 2018. The net Direct Tax collections represent 38.6% of the total Budget Estimates of Direct Taxes for F.Y. 2018-19 (Rs 11.50 lakh crore).

So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) is concerned, the growth rate of gross collections for CIT is 19.5% while that for PIT (including STT) is 19.1%. After adjustment of refunds, the net growth in CIT collections is 18.7% and that in PIT collections is 14.9%.

An amount of Rs 2.10 lakh crore has been collected as Advance Tax, which is 18.7% higher than the Advance Tax collections during the corresponding period of last year. The growth rate of Corporate Advance Tax is 16.4% and that of PIT Advance Tax is 30.3%.

Jerome Powell, the US Fed chairman, said that the bank was a "long way" from neutral on interest rates. The comments pushed the dollar to an 11-month high against the Japanese yen.

In Europe, the focus is on Italian politics. Prime Minister Giuseppe Conte said on Wednesday that the government deficit will be decreased in the next three years, despite the surge planned for 2019.

In US, Private-sector employment soared in September, as employers added 230,000 jobs, according to Automatic Data Processing Inc. Separately, the final reading on the services sector from IHS Markit fell to 53.5 in September from 54.8, while the Institute for Supply Management's reading on the non-manufacturing sector came in at 61.6.

Wall Street got an early lift after a report in Italian daily newspaper Corriere della Sera that the government may yield ground in a budget standoff with the EU, which could lessen the odds of a clash between the country and the bloc.

According to the report, Italy's budget deficit target will be set at 2.4% of GDP in 2019, but decline to 2.2% in 2020 and 2.0% in 2021. Italian officials had previously clashed with Brussels over the budget deficit target, which exceeded EU rules and stoked fears of another crisis in the region. A resolution in Italy would mean one less potential risk to watch out for.

Now there are at least 4- points are worth considering, today:

• A surge in USB Treasury yields has prompted a rise in government bond yields across the globe. Euro zone bond yields rose sharply, tracking their U.S. counterparts, while the "trans-Atlantic spread" between US & German 10-year bond yields hit a 3-decade high of around 275 bps. Theoretically, the higher the current rate of inflation and the higher the (expected) future rates of inflation, the higher the yields will rise across the yield curve, as investors will demand this higher yield to compensate for inflation risk. Thus this brings before the US inflation fears and probably a continuation of the current US interest rate graph.
• Oil prices fell as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC's No. 3 producer Iran.
• There are also worries about non-banking financial companies even though the country's largest lender SBI had assured lending support to the NBFC sector.
• The Reserve Bank of India has given upfront guidance of its planned bond purchases under the open market operation in the month of October. In a statement before debt markets opened for trade, the central bank said it would infuse Rs.36,000 crore via bond purchases this month. This would be done via three auctions in the second, third and fourth weeks of October. The specific securities for buybacks will be notified later, the RBI said. The announcement is based on an “assessment of the durable liquidity needs going forward and the seasonal growth in currency in circulation observed in build-up to the festive season...” said the RBI.

This gives conclusion at the end, that though the Indian markets are likely to fall initially, it is likely to stabilize at the end of the trading day. I am expecting the Nifty and Sensex to close either flat or in Green at the end of the day. The traders are suggested to come out of their overnight Short Positions slowly and can take intraday longs. The Nifty levels and other stock related details will ONLY be sent to the Premium Members. You can join me in Twitter: suman2009s

Winning Strokes: Think Different

Key benchmark indices suffered severe losses amid a broad-based sell-off in index pivotals. The barometer index, the S&P BSE Sensex, lost 550.51 points or 1.51% to settle at 35,975.63. The Nifty 50 index lost 150.05 points or 1.36% to settle at 10,858.25. The Nifty settled below the psychological 11,000 mark.

Photo: Samachar Plus

Sentiment was weak after the rupee dropped to a new low amid sustained foreign fund outflows and surging crude oil prices. Investors were also cautious ahead of the three-day Reserve Bank of India (RBI) policy review scheduled to begin Wednesday. The RBI's Monetary Policy Committee (MPC) will meet between 3 to 5 October 2018 for the fourth bi-monthly monetary policy for 2018-2019. The resolution of the MPC will be unveiled at 14:30 IST on 5 October 2018.

In the global commodities markets, Brent for December 2018 settlement was up 17 cents at $84.97 a barrel. The contract had fallen 18 cents, or 0.21% to settle at $84.80 a barrel during the previous trading session.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 73.24, compared with its close of 72.91 during the previous trading session. Rupee hit a record low of 73.4175 against the dollar in early deals amid worries that surging oil prices will stoke inflationary pressures and widen India's current and trade deficits.

Among secondary equity barometers, the BSE Mid-Cap index lost 1.11%. The BSE Small-Cap index rose 0.20%.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1453 shares rose and 1212 shares fell. A total of 153 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Auto index (down 2.9%), the S&P BSE Teck index (down 2.38%), the S&P BSE IT index (down 2.23%) underperformed the Sensex. The S&P BSE Metal index (up 1.74%), the S&P BSE Oil & Gas index (up 0.63%), the S&P BSE Capital Goods index (up 0.23%) outperformed the Sensex.

Yes Bank gained 5.79% on bargain after the steep declines in recent weeks. In a recent press update, the bank noted that it is fully geared for the MD & CEO's succession and pursuant to the board of directors meeting dated 25 September 2018, the two external experts of the search & selection committee will be finalized by 7 October 2018. The committee, assisted by a global leadership advisory firm, will evaluate both internal and external candidates and make suitable recommendations to the board of directors for onward submission to RBI.

Over the past few days, some unfounded speculations regarding the bank's asset quality have been brought to its notice, according to the bank. In this context, the management clarifies that the asset quality continues to be stable and reiterated its credit cost guidance at 50-70 bps for FY19 (76 bps for 

FY18).

The bank has a liquidity coverage ratio of ~101% as on September 30, 2018, which is 11% points in excess of the minimum regulatory requirement of 90%. The Bank's average daily LCR for Q2 FY19 was ~100%. The bank's liquidity position will further benefit from the recent RBI measures (announced on September 27, 2018) to ease systemic liquidity which will take effect on October 01, 2018, noted the bank further.

Hathway Cable & Datacom jumped 9.09% after media reports suggested that Reliance Industries has initiated talks to acquire Hathway Cable. The acquisition talks are underway in a bid to speed up the commercial launch of Reliance's GigaFiber high-speed home broadband services, reports added.

Reliance Industries lost 2.13%. With reference to media reports titled, "RIL in talks to buy Hathway, bring broadband home to you", the company clarified to bourses today that it is unable to comment on media speculation and rumors and it would be inappropriate on its part to do so. The company evaluates various opportunities on an ongoing basis. There is no information which has not been announced to the stock exchanges and which should have been announced by the company.

MOIL gained 6.39% after the company said that it has fixed/revised prices of different grades of manganese ore and other products, effective from 1 October 2018. The announcement was made after market hours on Monday, 1 October 2018. Stock markets were closed yesterday, 2 October 2018 for local holiday.

MOIL said that in line with the business practice of fixing/revising prices Manganese Ore, the company has fixed/revised prices of different grades of Manganese Ore, effective from 1 October 2018. The prices of Ferro Grade, SMGR (Mn 30% & Mn 25%), Chemical Grade and Fines have been increased by about 10% on the existing prices prevailing since 1 September 2018. A discount of 10% will be offered on the prices effective from 1 October 2018 on specific grades of materials i.e. BGF534, DBL456 & BGL523 for dispatches during October 2018.

The basic price of Electrolytic Manganese Dioxide (EMD), has been increased by Rs 9000 PMT on the existing price prevailing since 1 July 2018. Ferro Manganese/ Ferro Manganese Slag and some identified grades of Manganese Ore will continue to be sold on e-auction basis as well as through Metal Mandi (M3) of MSTC.

Overseas, most European stocks rose on Wednesday as investors kept an eye on Italian politics and spending plans. Most Asian stocks declined. Markets in China and South Korea were closed for a public holiday.

Italy last week unveiled a 2019 budget deficit target that has met stiff opposition from European Union officials, who say it will violate the bloc's fiscal rules. Italy's coalition government proposed a budget that would increase the deficit to 2.4% of gross domestic output in 2019, well above the initial target of 0.8% proposed by the country's previous centre-left government. The current target range for this year is 1.6%. The deficit blowout revived fears of the eurozone debt crisis and put pressure on the euro.

Meanwhile in the UK, the Conservatives' annual party conference was under way with Prime Minister Theresa May facing pressure over her proposal for future UK-EU relations, known as the Chequers plan, which has already been rejected by EU leaders. Any additional signs of political instability in Europe could weigh on the US, where multinational firms have a large amount of revenue exposure to the region.

In US, the Dow Jones Industrial Average hit a record high on Tuesday as it rallied for a second day, boosted by gains in Intel and optimism around global trade. Stocks were coming off strong gains from the previous session after Canada joined the US and Mexico in a new trade deal. The United States-Mexico-Canada Agreement, or "USMCA" for short, will see all three countries compromise on certain trade aspects. More market access will be granted to US dairy farmers, while Canada has agreed to effectively cap automobile exports to the States.

Trade war remains in focus for the markets. Following the new USMCA deal to replace the current North American Free Trade Agreement, eyes are now on Washington's ongoing trade fight with China. Investors will be looking to China, to see if Beijing and Washington can compromise on certain trade elements.

#Yesterday's call Yes Bank Ltd at around Rs.185 and Rs.200 call at Rs.15 gave good returns to the investors. The stock rose to Rs.222.95 in the NSE before closing at Rs.212.75 in the NSE up 5.92%. The Premium Members were asked to book profits around Rs.220 after the 1st target was achieved. You can hold the scrip with a SL at Rs.202.
I have started to give calls on Twitter during the market hours, because this seems to be a better one than Facebook for micro-blogging. My Twitter handle is suman2009s

#Today a buy call was initiated in the shares of Global Offshore Services Ltd at around Rs.12.80 for medium to long term basis. It is in the business of transport of personnel to rigs or  platforms from onshore bases and vice-versa; delivery of cargo or  material to rigs or platforms; anchor handling operations;towing of rigs, etc. The fact that crude oil prices are moving up in the international market is positive for the sector.
However, since this is a high-risk-high-gain stock, kindly don't enter the counter without placing a SL at Rs.9.60. If the things work as expected then this stock can make you millionaire. 

#Today a buy call given to the Premium Members on Premier Explosives Ltd at around Rs.180. If you could remember, that I used to give regular buy call on this company during 2003-2007 period, when it used to hover around Rs.18-35. Now I am recommending the same stock almost 6  times that price. This is how the stock market rewards long term investors. The stock  rose to Rs.214 intraday giving good returns to the Premium Members. The scrip closed at Rs.189.65 in the NSE, up 7.88%.
Join the Premium Services and get such calls on your Whatsapp, during the market hours. One or two Right Trade/s will give you back what you Paid as subscription charges. You can send me mails at: suman2005s@rediffmail.com.

Premier Explosives is a manufacturer of high-energy materials for the defence and mining sectors. It is the first private entity to develop and manufacture solid propellants for missiles. Bharat Dynamics has been procuring booster grains from Premier Explosives for use in the manufacture of Akash missiles. Amar Nath Gupta (promoter) bought 25,38,599 shares through market purchase from August 23 to August 27, 2018.

#The stock of Bharat Electronics Ltd (BEL) was given a buy to the Premium Members on 2nd October, '18 to be bought on the next day, i.e. 3rd October, '18 at Rs.82.70. The scrip made a high of Rs.84.75 today, before closing at Rs.83.40 on the NSE. You can still buy the scrip for targets of Rs.102/119. SL: Rs.75.
Public sector major Bharat Electronics Ltd (BEL) is planning to grab its pie on the Rs 90 billion-worth opportunity Indian Space Research Organisation (Isro) is opening up for the industries in the next few years. BEL is working in strategic areas like homeland security solutions, smart cities, cyber security, unmanned systems, satellite integration and composites in line with the emerging needs of the customers, said M V Gowtama, Chairman & Managing Director of BEL in a communication to the shareholders.

#In the Forex market the Indian Rupee dropped to a new low amid sustained foreign fund outflows and surging crude oil prices. This gives a general indication that the RBI is likely to increase the repo rate in the next meet. Hence, as a precautionary measure, I would suggest you to stay away from the rate sensitive sectors, like Real Estate, Construction, Auto, etc for the time being. 

#The Nifty Spot today closed at 10858.25 down 150.05 points. I feel the negative trend is likely to continue with occasional bouts of spikes, which should be used either to come out long positions or to initiate fresh shorts. According to my estimation, with a rate hike fear looming on the horizon, the Nifty Spot is likely to test 10586 in the Extreme Case, on the downside. However, the individual shares are likely to shine. Hence, stock picking is very important in this kind of market. Tomorrow we could witness a bounce of 10 - 15 points bounce on Nifty during the opening hours. 

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

Winning Strokes: Think Different

Trading for the month of October started on a positive note, with benchmark indices snapping their three-day losing streak led by gains in HDFC, TCS, Infosys and HDFC Bank. The Nifty managed to close above 11,000-mark.

The Sensex rose 299 points or 0.83% to settle at 36,526.14. The index rose 389.50 points, or 1.08% at the day's high of 36,616.64. The index fell 266.49 points, or 0.74% at the day's low of 35,960.65.

The Nifty 50 index rose 77.85 points or 0.71% to settle at 11,008.30. The index rose 105.20 points, or 0.96% at the day's high of 11,035.65. The index fell 108.90 points, or 1% at the day's low of 10,821.55.

Among secondary barometers, the BSE Mid-Cap index rose 0.53%. The BSE Small-Cap index fell 0.25%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1046 shares rose and 1620 shares fell. A total of 189 shares were unchanged.

India's manufacturing economy recorded an improvement in growth during September amid firmer gains in new orders, output and employment. Sales rose from both domestic and foreign clients, whilst manufacturers raised their buying activity and bolstered stocks of purchases in anticipation of further growth. On the price front, input costs rose at a stronger rate amid reports of higher prices for fuel and steel. Charges were subsequently increased at a slightly firmer pace. Manufacturers remain confident that output will increase over the coming year.

The Nikkei India Manufacturing Purchasing Managers Index (PMI) strengthened slightly in September to reach a level of 52.2 (up from 51.7 in August). Solid growth of the manufacturing sector during the latest survey period extended the current run of expansion to 14 months.

Underpinning the overall expansion was a firmer increase in levels of new work. Solid growth was linked to gains in both domestic and foreign demand. Indeed, export sales strengthened, with the net gain the best recorded since the start of the year. High product quality was noted as a factor supporting total new order book growth.

With new work increasing, manufacturing production was subsequently raised for a fourteenth successive month. Intermediate goods producers signalled a particularly strong increase in production, although growth was registered across all market groups.

Rising new work and increased production helped to drive growth of buying activity during September. In turn, this helped manufacturers to build inventories of purchases. Although modest, growth in pre-production goods was the sharpest recorded by the survey since May 2017.

Despite higher levels of new business, manufacturers were just about able to keep on top of their workloads in September. Backlogs of work were down slightly, the first such decline since March, whilst there was a further increase in manpower: staffing levels rose for a sixth successive month and at the fastest rate since June.

Meanwhile, price pressures intensified, with latest data showing that input costs rose to the greatest degree since June. There were reports that a strong US dollar and supply shortages had exacerbated high global prices for steel and fuel. Manufacturers passed on higher costs wherever possible via an increase in their own charges. Latest data indicated a modest, but nonetheless stronger, rise in output prices compared to August.

Finally, manufacturers are confident that output will be higher in 12 months time. Planned new product launches and developments, plus firmer market demand, all contributed to positive sentiment. That said, confidence softened slightly in September and was at a three-month low.

Commenting on the Indian Manufacturing PMI survey data, Paul Smith, Economics Director at IHS Markit and author of the report said, Growth of India's manufacturing sector picked up during the latest survey period, reflective of strengthening demand especially from foreign clients, which helped to drive export growth up to its highest level since the turn of the year.

However, cost pressures reignited in September, exacerbated by a stronger US dollar which continues to raise the relative price faced by Indian manufacturers for goods such as steel and fuel. Output charges increased subsequently, albeit at a rate that remains well below the equivalent measure for input prices.

Rising prices continued to weigh on sentiment, with confidence dropping a little to reach a three-month low. Nonetheless, on balance, firms remain confident that output will continue to rise, buoyed by recent new business wins and expectations this will continue over the next 12 months.

#Today's BUY call on Yes Bank Ltd at around Rs.185, saw it touch Rs.203.80 intraday in the NSE. A Buy call on Rs.200 call at Rs.15, saw it close at Rs.20. The scrip closed at Rs.200.80 up 9.37%. We can look for targets of Rs.220-241 in the coming days, with the corresponding price on Rs.200 call. 

#Free call on Punjab National Bank in Facebook at around Rs.59.70 saw it touch Rs.63.55 in the NSE. The scrip closed at Rs.63.20. We can look for targets of Rs.71-72 in the coming days. 

#The scrip of J P Associates Ltd today closed at Rs.7, up 6.06%, after it made an 8-year low in the exchanges. It may rise to Rs.9-11 over a period, but I no longer find the stock interesting because of too many conflicting data points. When there are so many stocks to invest for the long term, why stick my neck to a company which has an uncertain future. 

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