Market Mantra

The market extended gains and hit fresh intraday high in mid-afternoon trade, backed by positive opening in the European market. At 15:15 IST, the barometer index, the S&P BSE Sensex, was trading at 35,148.46 up 335.47 points or 0.96% while Nifty was seen at 10,584.50 up 102.30 points or 0.98%.

The Nifty 50 index was up 91.15 points or 0.87% at 10,573.35. Gains were supported by firmness in oil sector stocks. The Sensex regained 35,000 mark in mid-afternoon trade.

Among secondary barometers, the BSE Mid-Cap index was up 0.09%. The BSE Small-Cap index was down 0.07%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1214 shares rose and 1292 shares fell. A total of 127 shares were unchanged.

On the economic front, India's industrial production grew 4.5% in September compared with the upward revised 4.7% in August, data released by the statistics office showed. August growth had initially been estimated at 4.3%.

Inflation as measured by the Consumer Price Index stood at 3.31% in October compared to 3.70% in September, showed government data released on Monday.

Overseas, European equity markets opened higher on Tuesday, following a pullback in stocks stateside. Investors are keeping a close eye on oil prices, after new comments from President Donald Trump. He said that the group of oil producers OPEC should not cut supply to prop up the market.

Asian shares were mixed on the back of US stocks closing sharply lower Monday. In US, the Dow Jones Industrial Average tumbled 600 points as crude oil prices extended their retreat while a firmer US dollar also sparked worries about the competitiveness of US corporations in an increasingly challenging economic environment.

#Buy the shares of A2z Infra Engineering (Rs.13.35) for short term targets of Rs.17/22/36/42. SL: Rs.9.40.

Shareholding Pattern:

• SICOM -- 3.57%
• Standard Chartered Bank -> 7.13%
• Aspire Emerging Fund (an FPI) -> 1.53%
• Edelweiss Asset Reconstruction Company Ltd -> 6.49%.
• Shankar Sharma, an Ace Investor -> 4.66%.

On 27 July, A2Z Infra Engineering announced OTS with lenders of A2Z Green Waste Management towards Debt of Rs.275.94 Cr, for a total consideration of Rs.70 crore.  On that day it hit 20% UC & was trading above Rs.24. Shankar Sharma is reported to have recently recommended it. This is going to be multibagger going forward as it has cut down its debts substantially and has good order book position. 

#The scrip of Omkar Speciality Chemicals Ltd and its sister concern Lasa Supergenerics Ltd hit their respective buyer freezes at Rs.11.71 and Rs.26.15 on the BSE. Congratulations to those who bought the scrip on my recommendation. 

#The Nifty would continue to get support above 10500 and would move towards 10700 in the coming days. The small and micro-cap rally is about to being as November-effect has kicked in. Therefore, book your seats in advance in this space.

#The scrip of Ishan Dyes & Chemicals Ltd (Rs.57.50) is consolidating around the current ranges before the next level of Upmove which is likely to take the scrip above Rs.67. Keep holding with a SL of Rs.56.

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

Crude Oil: Where the Prices can go?

Photo: Market Watch

What the heck happened to oil prices? But more significantly, what does it mean for the broader stock market and the global economy?

That is what has some Wall Street investors scratching their noggins, as crude futures and U.S. stocks staged a tandem tumble this week, just when investors thought the worst was over following a bruising October for risk assets. 

The near WTI futures price is down 23% since peaking on October 3rd as traders front ran the Iranian oil sanctions, which went in to place this week.  Fearing spiking oil prices, the U.S. granted waivers to eight of Iran’s largest buyers of crude – China, India, South Korea, Japan, Italy, Greece, Taiwan, and Turkey.

According to a report in the Economic Times, The oil bears are back, and they’re looking at OPEC before making their next move. While money managers slashed bets on rising West Texas Intermediate crude prices for a ninth week in their longest retreat on record, short-selling jumped to the highest in more than a year. The rapid shift in sentiment sets the stage for an OPEC meeting on Sunday to discuss market conditions. 

Now let us fathom a bit more:

Bulls: 

#Bottom might be near for crude. WTI’s 14-day relative strength index is below 30, a level marking

Photo: Live Mint

oversold territory.

#Iran supplying less crude.

#Declining production in Venezuela and risks in countries like Libya and Nigeria.

#Winter demands should keep the price of Crude Buoyant.

#If oil isn’t the undoing of this current bull stock market or a reflection of a souring economy, some market participants believe that one way or another, the end is nigh.

#OPEC kingpin Saudi Arabia believes the energy market has over-corrected in recent weeks. It comes as the world's top oil exporter grapples with a sharp drop in crude prices, amid cooling supply fears about the impact of U.S. sanctions on Iran.Saudi Arabia's energy minister also said the wider OPEC and non-OPEC alliance would not shy away from another round of production cuts over the coming weeks — if the group decided there was a need for such action.

#According to Ashray Ohri of ICICI Bank Ltd, “While a further fall may be warranted based on US’s temporary exemption on Iran and demand concerns, we believe oil prices are more likely to move to the upside as Iran exports get depleted further.” Having said that, is $80 a barrel on the horizon?

We believe a Brent rebound above the $80 a barrel level is less likely based on the current fundamentals and more responsible statements made by the US administration,” wrote Ohri in a report on 6 November. “As such, we expect oil prices to trade around the $75 a barrel mark and average $77 a barrel in the fourth quarter of this year, before cooling further to average $75 a barrel in Q1 2019.”

Bears:

#The net-long position in Brent dropped 15% to 260,048 contracts, ICE Futures Europe data show.

Longs fell 11%, while shorts rose 8%.

#Money managers cut their net-long positions on benchmark US gasoline by 8.2% and cut net-longs on diesel by 13%, according to the CFTC. 

#OPEC production at the highest since 2016.

#Record US output and waivers given to a number of importers of Iranian crude, including China. 

#Very large monthly down moves in crude oil has often heralded something more ominous.

Photo: Oil Price.com

# Few market participants believe that crude’s current downturn is a reflection of global economic weakness and precursor of something more pernicious to come, like a recession.

#Some market participants believe that  believes that the decline oil may fuel hedge fund selling and catalyze further pain for equity owners.

#Friday’s reading of U.S. wholesale inflation in October represented the biggest increase in six years and affirmed to some that the Federal Reserve would lift interest rates for a fourth time in 2018 next month and perhaps thrice more in 2019. That fact, combined with a slowdown in China’s economy and the hand-wringing around the Beijing-Washington trade dispute, have led some strategists to believe that the market is heading for a bear-market slide.

#There are reasons to be cautious about future returns: the growth/inflation mix is deteriorating and markets often have a sharp correction followed by a sharp rally prior to a more sustained bear market,” Goldman analysts wrote.

#According to Goldman, its indicator at 73% marks the highest bear-market reading since the late 1960s and early 1970s, which (with a few exceptions) is consistent with returns of zero over the following 12 months. Any reading above 60% signals that subsequent returns will be lower.

Meanwhile, Saudi Arabia's Energy Minister Khalid al-Falih told CNBC on Sunday: "Markets get it wrong occasionally as they did a few weeks ago on one side and they're doing it again on the other today, but ultimately the pendulum will swing to a reasonable middle". 

Testing Key Levels:

After bottoming below $42 on June 1, 2017, WTI’s 2-year uptrend has been violated and now testing critical Fibonacci retracement levels.  It has already sliced through the .382 at $63.32 and is now set to test the .500 at $59.12. The next key level is the .618 at around $55, which, if broken, it significantly increases the risk of giving it all back.

Of course, much also depends on the stance that the Organization of the Petroleum Exporting Countries and its friends take on production cuts. For now, lower crude oil prices are good news for us, as India imports a huge portion of its oil equirements. Lower prices benefit the country’s current account deficit and ease pressure on the rupee. For many corporates too, easing crude oil prices will bring some relief on the costs front.

 Sources:

#Market Watch

#The Economic Times

#OIL PRICE.com

#CNBC

#Live Mint

Winning Strokes: Think Different

Photo: Best Stock Picks from Dolly Khanna

Amid a divergent trend among various index constituents, the key benchmark indices settled with small gains. The Nifty gained marginally 6 points to close at 10530 lead by Reliance, Coal India, NTPC and ONGC. The Sensex settled a tad below the psychological 35,000 level after moving above and below that level amid volatility in intraday trade.

The market saw a positive opening led by buying demand in index pivotals. Stocks trimmed gains in morning trade. Key indices hovered in positive zone in mid-morning trade. Stocks gyrated in a small range with positive bias in early afternoon trade. Indices firmed up in afternoon trade. Key indices dipped in negative zone in mid-afternoon trade. Stocks regained positive zone in late trade.

The Sensex rose 40.99 points or 0.12% to settle at 34,991.91. The index rose 245.11 points, or 0.70% at the day's high of 35,196.03. The index fell 61.20 points, or 0.18% at the day's low of 34,889.72.

The Nifty 50 index rose 6 points or 0.06% to settle at 10,530. The index rose 76.25 points, or 0.72% at the day's high of 10,600.25. The index fell 32.55 points, or 0.31% at the day's low of 10,491.45.

The S&P BSE Mid-Cap index fell 0.62%. The S&P BSE Small-Cap index fell 0.06%.

The market breadth, indicating the overall health of the market, was just about positive. On the BSE, 1284 shares rose and 1274 shares fell. A total of 154 shares were unchanged.

Power Grid Corporation of India rose 1.08%. The company's net profit rose 7.9% to Rs 2309.49 crore on 14.2% increase in net sales to Rs 8283.03 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 5 November 2018.

Coal India rose 0.64%. The company said that the Government of India reduced its stake in the company by 3.19% to make its holding stand at 75.13% of the equity share capital of the company. The announcement was made after market hours yesterday, 5 November 2018.

Adani Gas gained 4.95% after the company announced that in order to leverage India's rapidly growing gas market, the company has planned to invest over Rs 8000 crore in the next 5 years to consolidate its position as the largest private company in the sector. It is noteworthy that India's current city gas distribution (CGD) consumption is about 15-18% of domestic gas production and even at peak demand, consumption will be around 25-30%. The announcement was made after market hours yesterday, 5 November 2018.

Domestic stock markets will remain shut tomorrow, 7 November 2018, on account of Diwali Laxmi Pujan and again on Thursday, 8 November 2018 on account of Diwali Balipratipada. However, markets will remain open for special Muhurat trading session between 17:15 IST and 18:30 IST on 7 November 2018.

On the political front, the ruling Congress-JDS alliance has won 2 Lok Sabha seats and 2 Assembly seats in the Karnataka bypolls, which were held on Saturday. In a blow ahead of the 2019 general elections, the Bharatiya Janata Party managed to win only one parliamentary seat. The Congress has won Ballari parliamentary constituency and Jamkhandi assembly seat, while its ally JD(S) has taken Mandya and Shivamogga Lok Sabha seats. The Congress and JD(S) allied together to fight the BJP in the by-polls that would be a testing ground for the alliance before 2019 general elections. With today's victory, the Congress-JD(S) alliance's tally has increased to 120 seats in the 224 member assembly where the BJP has 104 MLAs.

Among the global markets, Asian markets closed on a smart rally while European markets declined. USD-INR declined 6 paisa and Brent Crude slipped over half percent at below $73/bbl. 

On Thursday, the US  Fed concludes a two-day policy meeting, which isn't expected to deliver a change in rates, but may offer fresh insights to investors about the pace of coming rate increases and the effects of trade clashes between the US and China on the domestic economy. US mid-term poll will be held today. In US economic data, the ISM services index slipped to 60.3 in October, down from 61.6 in September.

Nifty formed a Spinning Top Candle on daily chart as follow up buying/selling is missing on either side. Since some days Nifty has been consolidating between 10450-10600. Nifty has multiple supports around 10423/10277/10254 ranges and hence bullish trend is likely to continue as the Nifty consolidates around 10423-10600 zones. If this support level holds then we would look forward for targets of 10650 -10750 for Nifty_Spot in the coming days. 

#Omkar Speciality Chemicals Ltd hit the Upper Circuits in the NSE at Rs.10.40. It's sister concern Lasa Supergenerics Ltd has also hit the Upper Circuits at Rs.21.65 in the BSE. Both the stocks are likely to give solid returns to the investors going forward, as mentioned in my earlier posts. Moreover, you can choose either of the two or both for long term value creation. 

#The scrip of Yes Bank Ltd today made an intraday high of Rs.217.90, which is almost near my 2nd target of Rs.221. It closed at Rs.214.45 with a gain of around 2.07% in the NSE.

#The stock of UCO Bank Ltd which was recommended on Facebook last Sunday made a high of Rs.22.35 before closing at Rs.21.30. There are lot of positive developments taking place in this bank, and hence once the level of Rs.22-23 is cleared on the upside we can look for targets of Rs.27-31. Keep  a SL at Rs.19, in case the share does not perform as expected. 

#The stock of Anant Raj Ltd, which has a good land bank in the NCR region today closed flat at Rs.36.55, after making an intrday high of Rs.37.25. The stock has multiple supports around Rs.32-35 ranges and hence accumulate it on dips to build your long term portfolio. 

#The stock of Ishan Dyes & Chemicals Ltd (Rs.58.35) which was recommended last week in this blog at around Rs.47-48. today made a high of Rs.63 and closed above the psychological level of Rs.57 up more than 4%. It is one of the manufacturers of H-acid, which his a hot commodity now due to Chinese crackdown. For those who have entered earlier should look to book some profits as the scrip is looking a little stretched on the charts. I feel after some consolidation around the current ranges, the stock would again try to test the Rs.62-63 zone. Hence, if you have invested recently then you can remain invested with a SL at Rs.56 (exit) on closing basis.

#There is no stopping of Eros International Media Ltd after the company came out with superb Q2FY19 results. Today the share made an intraday high of Rs.106.80 before closing at Rs.105.60. The scrip is showing good momentum and have formed a bullish 3-white soldier pattern on the daily chart confirming reversal of the bearish trend. We can look for targets of Rs.131-137 in the coming days. Remain invested with a SL at Rs.97.

WISH YOU ALL A VERY HAPPY KAALI POOJA, LAXMI POOJA & DEEPAWALI. MAY GOD BLESS YOU ALL, WITH WEALTH AND PROSPERITY. 

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

Some Raw Data

Photo: Best Picks From Dolly Khanna

1. Lasa Supergenerics Ltd (Rs.21.70):~

#Market Cap: Rs.49.50 Cr

#EPS - Rs.1.02

#Price/Book -- Rs.0.42

#P/E -- 21.23

#Industry P/E -- 39.22
#Face Value -- Rs.10

2. Omkar Speciality Chemicals Ltd (Rs.10.10):~

#Market Cap -- Rs.21.38 Cr only.

#P/E -- 0.58

#Book Value -- Rs.94.99

#EPS -- Rs.18.02 (From Money Control Website. Double Check from your sources)

#Price/Book -- 0.11

#Industry P/E -- 39.22

#Face Value -- Rs.10.

Though the scrip of Lasa Supergenerics Ltd has been hitting the upper circuits since the last couple of days. I find that, its parent company, Omkar Speciality Chemicals Ltd where corporate bodies and NRIs hold 6.55% and 2.94% respectively, to be more promising.
However, both the companies are good as far as creating wealth for the shareholders are concerned and hence you can decide your choice, from the two. 

Winning Strokes: Think Different

Anant Raj, Tech Park - Panchkula, Haryana

Key equity indices settled with modest losses on first trading day of the week due to negative Asian stocks. Key barometers remained in negative zone for majority of the day's trading session. The Sensex settled below the psychological 35,000 level after sliding below that level in early trade.

The Sensex fell 60.73 points or 0.17% to settle at 34,950.92. The index rose 111.76 points, or 0.32% at the day's high of 35,123.41. The index fell 200.05 points, or 0.57% at the day's low of 34,811.60.

The Nifty 50 index fell 24.80 points or 0.24% to settle at 10,528.20. The index rose 5.80 points, or 0.05% at the day's high of 10,558.80. The index fell 76 points, or 0.72% at the day's low of 10,477.

The S&P BSE Mid-Cap index fell 0.47%. The S&P BSE Small-Cap index fell 0.28%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1290 shares rose and 1308 shares fell. A total of 194 shares were unchanged.

State Bank of India jumped 3.45%. The bank's net profit fell 40.26% to Rs 944.87 crore on 1.80% increase in total income to Rs 66,607.98 crore in Q2 September 2018 over Q2 September 2017. The result was announced at the fag end of trading session today, 5 November 2018.

Cipla lost 7.33% after consolidated net profit fell 15.64% to Rs 366.91 crore on 1.01% decline in net sales to Rs 3947.93 crore in Q2 September 2018 over Q2 September 2017. The result was announced during trading hours today, 5 November 2018.

Umang Vohra, MD and Global CEO, Cipla, said that the company had a modest quarter but maintained a strong performance in its private market segment across geographies. Cipla's limited competition assets in the US are ramping up to drive quarter-on-quarter growth. The company also recently announced the approval of Metoprolol, another limited competition asset. As the firm enters the second half of this fiscal, multiple headwinds are likely to impact its reported performance. Having said that, the company is focusing on positioning its businesses for long term growth.

On the macro front, October data pointed to a stronger improvement in India's service sector, with an accelerated upturn in new work underpinning quicker rises in activity and jobs. Cost inflationary pressures eased, resulting in a softer increase in selling prices. Meanwhile, business sentiment remained positive, but was hampered by political uncertainty. At 52.2 in October, the seasonally adjusted Nikkei India Services Business Activity Index posted in expansion territory for the fifth straight month. Moreover, rising from 50.9 in September, the latest figure pointed to the quickest rate of growth since July.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 73.03, compared with its close of 72.45 during the previous trading session.

In the global commodities markets, Brent for January 2018 settlement was down 3 cents at $72.80 a barrel. The contract had fallen 6 cents, or 0.08% to settle at $72.83 a barrel during the previous trading session.

#The stock of Omkar Specialty Chemicals Ltd closed at Rs.9.95 in the NSE while its sister company, Lasa Supergenerics Ltd, which is into making of Veterinary APIs hit the upper circuits and closed at 20.65. Moreover, API Division’s turnover, as on March 31, 2015, was only Rs.71 Crores, amounting to 26.8% of total turnover of OSCL. This mean the bulk of the business is still with the parent company Omkar Speciality Chemicals Ltd. This gives some indication regarding the future path of this company. 

#Discount for the Life-time offer at less than Rs.2000 per year will close on 31st December, 2018. Those who want to avail of the discount should join before the stipulated time. The price of this package is likely to increase from 1st January, 2019. Also, discount is also being shelled out for the Yearly Package for Premium Subscription and will continue till 31st December, '18.. 

#My recommended Eros International Media Ltd reached my 2nd target of Rs.97, as the scrip hit the intraday high of Rs.98.9 and closed at Rs.97.55. What to do with this scrip? 

#The scrip of Yes Bank Ltd today made an intraday high of Rs.212.35 before closing at Rs.210.10. The has already reached my 1st target and nearly touched my 2nd target of Rs.221, this week. 

#The stock of UCO Bank Ltd recommended on Facebook on last Sunday in Facebook at Rs.18.50, made a high of Rs.22 in the BSE before closing at Rs.21.05 up 14.09%. Lot of positive developments are taking place in the company and if Rs.22-23 zone is cleared on the upside we could soon see the targets of Rs.27-31.

#Today Bank Nifty closed at 25732.2 up 30.55 points or 0.12%. I still maintain a target of 27000 in the coming days.

#The scrip of Ishan Dyes & Chemicals Ltd recommended in this blog at around Rs.47, today made an intraday high of Rs.58 and closed at Rs.55.75 above my 2nd target of Rs.55. The company is a major players in the H-acid segment. How to play with this scrip?

##The stock of Den Networks Ltd (Rs.68.45) has strong support around Rs.67-67.5 ranges. The scrip was recommended on 8 August, 2018 in this blog, at around Rs.47-48.20, citing the reasons for purchase; after which it made a high of Rs.80.30  in the BSE.. It was recommended earlier, but at much lesser price. If you follow this blog, then you can make lot of money, provided you do a bit of your own research too. 

#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 on last Friday.. The scrip made an intraday high of Rs.115.35, before  closing at Rs.113. 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.

#A Buy was initiated in the scrip of Anant Raj Ltd at around Rs.37.5-38, for short term targets of Rs.45/52/56. SL: Rs.32. Anant Raj Group is one of the leading Construction and Infrastructure Developers in North India. The Anant Raj Group established in 1969, has to its credit landmark projects created through 4 decades of trust and experience. The company has a good land bank in the NCR region.

The entire land bank was acquired at a very low price and it is fully paid. Again, this land bank is within 50 KM of Delhi area. The company has portfolio of real estate assets which are spread in balanced manner.  There are land plots as also ready to lease commercial plots. Again company also has a township project named Anant Raj Estate. In addition, there are hotel plots also. This diversified balanced portfolio provides company the rental income, which generates cash flows, while other part of the real estate provides capital appreciation. If you have money, then buy and keep holding. I can assure you 100% returns from this price or the CMP; if the market (Nifty) continues to stay above 10450. The Face Value of the scrip is Rs.2 and not Rs.10.

#Nifty closed flat today at 10524 as expected. I had mentioned in Twitter on last Sunday that Nifty is likely to move sideways for some time before taking the route to touch 10700; while the action would be shifted in the small and mid cap space.

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

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.