SumanSpeaks: The Information Super Highway

Winning Strokes Photo : Seeking Alpha Today the Nifty as expected got support around 10400 range and closed at 10,492.85 down 61.45 points or 0.58%. The U.S. stocks gained Wednesday afternoon as Wall Street attempted to shake off a selloff in the previous session amid data that were seen as underlining strength in the economy, which is a good sign as the US is one the most powerful engines of world growth. I feel it is pertinent to mention here that the US interest rates will rise if and only if there is sudden uptick of the inflation, otherwise CY18 will be as usual with around 2-3 rate hikes by the US Federal Reserves. Therefore, all those talks that the US Federal Reserve may turn more hawkish and increase corporate borrowing costs to much higher level will not carry any value if the inflation remains steady. Meanwhile, the Indian economy grew at 7.2% in October-December 2017, and is likely to expand by 6.6% in 2017-18, latest official estimates said on Wednesday, am...

Pre-Session : Weak global cues may trigger selling 28-Feb-18: Market may slide on opening bell, mirroring weak cues from Asian markets and overnight slump in the US stocks. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 58.50 points at the opening bell. The government will announce data on third quarter gross domestic product (GDP) after market hours today, 28 February 2018. GDP growth had recovered to 6.3% in Q2 September 2017 from 5.7% recorded in Q1 June 2017. Markit Economics will unveil the results of a monthly survey on the performance of India's manufacturing sector for February 2018 at 10:30 IST today, 28 February 2018. The Nikkei India Manufacturing Purchasing Managers' Index, or PMI, had fallen to 52.4 in January 2018, reflecting a slower growth after the index reached a 5-year high at 54.7 in December 2017. Overseas, Asian stocks fell across the board following a sharp pullback in US stocks after ...

The Indian Economy and  Tata Motors Ltd The Indian economy is slowly limping back to normalcy after that stupidity called "Demonetization" was executed, followed by GST. So now, the obvious question is: where should a stock market guy keep focus? To say in short it is the auto sector. You ask me why? The logic is: if an economy starts to do well then Factories would be running at full capacity catering to newer clients everyday. These institutions will have to ship their goods to market, either by Road or Railways or by Air.  Hence, there would be an anticipated boom in the commercial vehicle segment. Or in other words, if manufacturers' profits are rising, it implies that they are producing more. If they produce more, then they have to ship more goods to consumers/customers. Hence, if an investor is looking for signs of health in manufacturers, he or she should look at the performance of the companies that ship their output to market, the means of transpo...

Market Pulse #Buy the shares of the Tata Motors Ltd at around Rs.375-376, for short term targets of Rs.396-421. Tata Tiago for the first time outsold Maruti Suzuki Celerio and Hyundai Eon to become the eight-largest selling cars in January 2018, according to a data based on SIAM domestic sales.  For Tata Motor Futures, the 1st resistance comes at Rs.379 followed by Rs.384. #BSE Sensex is now trading at 34,393.47 down 52.28 points or 0.15% while the NSE is seen at 10,557.80 down 24.80 points or 0.23%. In case of Nifty_Spot , my view is that: as long as it does not break the rock solid support of 10400, the BULLS have nothing much to worry. The large caps will more or consolidate around the current range while the action would be seen in the broader market. Accumulate good stocks on market dips. #There is no stopping of  P C Jewellers Ltd  today as the stock touched Rs.346, intrayday on the news that market watchdog Securities and Exchange Board of India (SEB...

Pre-Session : Shares may extend gains 27-Feb-18: Market is seen opening higher tracking positive cues from Asian markets. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 51 points at the opening bell. Overseas, Asian shares were trading higher following gains on Wall Street overnight. The US market rose on Monday, 26 February 2018, in a broad-based rally led by technology shares. In the latest economic data, US new home sales fell 7.8% in January 2018 from the previous month, to an annualised pace of 593,000, the Commerce Department said. Investors are focusing on the US Federal Reserve chairman Jerome Powell's congressional testimony on monetary policy and the economy. Powell will testify on the central bank's semi-annual report on monetary policy and the economy on Tuesday, 27 February 2018, before the US House of Representatives' Financial Services Committee. Closer home, foreign portfolio investors (F...

P C Jeweller Ltd : Buy CMP of Spot: Rs.332.35 Lot Size of Futures: 1500 CMP of March Futures : Rs.334.50 Premium: Rs.2.15 Change in OI: 3.91% Short term Targets for Future: Rs.360/377 For Future-->S1, S2 and S3: Rs.327/Rs.321/Rs.315 For Future-->R1, R2 and R3: Rs.341/Rs.347/Rs.354 For Spot-->T1, T2 and T3: Rs.374/Rs.424/Rs.496 Triggers : #PC Jeweller Limited started operations in April 2005 with one showroom at Karol Bagh, New Delhi and is today one of the fastest growing jewellery retail chain with 85 showrooms across 68 cities and 20 states. According to my sources, the company is planning to open 15 more retail counters across India. Not only that : after lurking inflation fears in the US and meltdown of the real estate sector in India, followed by introduction of LTGT by the FM in this budget, people are shifting to gold. This is likely to keep the demand for Gold buoyant  in the coming months. #Chief Financial Officer (CFO) of the com...

Market Pulse Key benchmark indices hovered in positive zone in morning trade after an initial upmove triggered by positive Asian stocks. At 11:50 IST, the barometer index, the S&P BSE Sensex, was seen at 34,061.22 up 241.72 points while the Nifty was trading at 10,466.80 up 84.1 Metal and mining stocks gained across the board. Telecom stocks rose. Domestic stocks edged higher in early trade tracking positive Asian stocks. The S&P BSE Mid-Cap index was up 0.95%. The S&P BSE Small-Cap index was up 0.96%. Both these indices outperformed the Sensex. The broad market depicted strength. There were more than two gainers against every loser on BSE. 1,548 shares rose and 565 shares fell. A total of 84 shares were unchanged. Overseas, Asian stocks were trading higher as investors continue to debate the outlook for central bank policy normalization and the impact of higher bond yields. Meanwhile, Japan's core consumer price index rose for a 13th straight month in January, incr...

Reliance Infrastructure Ltd : Buy CMP (Cash): Rs.439.50 CMP (Futures): Rs.443.50 Book Value: Rs.948.49 P/E: 9.50 Industry P/E: 14.51 EPS: Rs. 46.40 Face Value: Rs.10 Dividend Yield: 2.04% 1st Target: Rs.460 for Futures Triggers : #Reliance Infrastructure (RInfra) recently said it won a Rs.3,647 crore contract from Photo : The Hindu BusinessLine Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for work related to Uppur Thermal power project. With this contract, Reliance Infrastructure Limited's EPC order book now stands at over Rs.15,000 crore. #With a clear focus to position itself in India's growing infrastructure sector, and a number of projects in the offing, in areas as diverse as power, metro rails, nuclear power plants, air quality control, marine, railways, ports, and mega infrastructure projects, RInfra is targeting EPC opportunities worth Rs.2 lakh crore and increase the EPC order book to Rs.50,000 crore by FY19,...

Market Pulse Domestic stocks nudged lower in early trade on negative Asian stocks. At 9:20 IST, the barometer index, the S&P BSE Sensex, was down 96.74 points or 0.29% at 33,748.12. The Nifty 50 index was down 34 points or 0.33% at 10,363.45. Trading could be volatile as traders roll over positions in the F&O segment from the near month February 2018 series to March 2018 series. The February 2018 F&O contracts expire today, 22 February 2018. The S&P BSE Mid-Cap index was down 0.31%. The S&P BSE Small-Cap index was down 0.33%. Both these indices underperformed the Sensex. The market breadth, indicating the overall health of the market, was weak. On the BSE, 849 shares fell and 360 shares rose. A total of 48 shares were unchanged. Overseas, Asian shares slipped on the risk of faster hikes in US interest rates. US stocks ended a tumultuous session yesterday, 21 February 2018 firmly lower after minutes from the Federal Reserve's most recent polic...

Pre-Session : Market may see high volatility on F&O expiry 22-Feb-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 85 points at the opening bell. Trading could be volatile as traders roll over positions in the F&O segment from the near month February 2018 series to March 2018 series. The February 2018 F&O contracts expire today, 22 February 2018. Overseas, Asian shares slipped on the risk of faster hikes in US interest rates. US stocks ended a tumultuous session yesterday, 21 February 2018 firmly lower after minutes from the Federal Reserve's most recent policy-setting meeting sparked a fresh wave of volatility. Minutes of the Jan. 30-31 Federal Open Market Committee meeting showed that officials saw a stronger economy than at the end of 2017 and that more rate increases were in the offing. An index that tracks US manufacturers rose to a nearly 3½-year high in February and a gauge for service-oriented...

Pre-Session :  Market may Open on Positive Note 21-Feb-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 12 points at the opening bell. Overseas, Asian stocks were trading on a mixed note. Chinese markets will reopen tomorrow, 22 February 2018 after holidays. The US Federal Reserve will today, 21 February 2018 release minutes of its Jan. 30-31 meeting, Janet Yellen's last as chair, where officials kept the rate unchanged. US stocks snapped a six-day winning streak yesterday, 20 February 2018 with the Dow and S&P 500 weighed down by a steep loss for Walmart as investors also watched climbing bond yields, which could make equities less attractive at current levels. Back home, domestic stocks ended the volatile session of trade yesterday, 20 February 2018 with small losses amid subdued global stocks. The Sensex fell 71.07 points or 0.21% to settle at 33,703.59. The trading activity on that day showed that ...

Market Pulse After an initial volatility, stocks extended early gains and hit fresh intraday high in morning trade. At 11:07 IST, the barometer index, the S&P BSE Sensex, was trading at 33,877.68 up 103.02 points or 0.31% and NSE was seen at 10,400.75 up 22.35 points or 0.22%. Metal and mining stocks gained. Telecom stocks saw mixed trend. Stocks struggled for direction in opening trade amid mild volatility. Soon the key benchmark indices nudged higher and posted small gains in early trade. The S&P BSE Mid-Cap index was up 0.42%. The S&P BSE Small-Cap index was up 0.43%. Both these indices underperformed the Sensex. The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,366 shares rose and 808 shares fell. A total of 99 shares were unchanged. Breadth was negative in early trade. Overseas, Asian stocks were trading lower as Treasury yields climbed back toward recent four-year highs. Chinese markets will reopen on Th...

Winning Strokes Photo : Udayavani Trading for the week started on a subdued note as key indices logged modest losses as sentiment was marred by loan fraud cases in the PSU banks. The barometer index, the S&P BSE Sensex, lost 236.10 points or 0.69% to settle at 33,774.66. The Nifty 50 index lost 73.90 points or 0.71% to settle at 10,378.40. The last week's detection of a massive fraud at a Mumbai branch of the state-run Punjab National Bank (PNB) continued to weigh on sentiment. The latest reports suggesting a loan fraud case in PSU banks by now defunct Rotomac Pens also marred sentiment. The recent rebound in global crude oil prices also raised concerns of its adverse impact on fiscal deficit as India imports most of its oil requirements. The Sensex settled below the psychological 34,000 mark after drifting below that level in early trade. The market dropped for the second day in a row. A bout of volatility was seen in early trade as the key benchmark indices op...

TV Vision Ltd : Buy CMP: Rs.17.85 Market Cap: Rs.62.73 crore Book Value: Rs.34.54 Industry P/E: 46.79 Introduction : The company started its broadcasting business in 2010 by launching Music and Youth Channe "Mastiii". The bouquest of channels as grwon from one ion 2010 to five in 2015. The company expanded its footprint into Digital Media by launchng digital channel "Happii-Fi".After the scheme of amalgamation and arrangement, the broadcasting business of the of SAB Group is now being run by TV Vision Ltd.  Shareholding Pattern : The promoters hold 37.63%, while the general public hold 62.37%. Among the general group, Central Bank of India hold 8.85% while insurance companies hold 0.58% of the shares of the company. Others who has a sizable holding in the company are: #Assent Trading Pvt Ltd -- 6.26% #Aranav Trading ad Investments Pvt Ltd -- 6.63% #Kalash Trading and Investments Pvt ltd --- 5.72% #Keynote Enterprises Pvt Ltd -- 5.44% T...