Market Pulse

Key benchmark indices edged higher in early trade tracking positive global cues. The S&P BSE Mid-Cap index rose 0.39%, under-performing the Sensex. The S&P BSE Small-Cap index advanced 0.62%, outperforming the Sensex. The market is not expecting a deep correction, so every dip is a buying opportunity.

Overseas, Asian stocks edged higher following strong finish on the Wall Street on Friday. US equities closed higher on Friday, 8 December 2017, following the release of a stronger-than-expected jobs report. The US economy added 228,000 jobs last month, according to the Bureau of Labor Statistics. The unemployment rate held steady at 4.1%.

Closer home, the breadth, indicating the overall health of the market, was strong. On the BSE, 1,158 shares rose and 309 shares declined. A total of 69 shares were unchanged.

Axis Bank rose 1.39% at Rs 550 after the bank said its shareholders have given an approval to a proposal to raise equity and equity-linked capital of Rs 11626 crore from a set of marquee investors including entities affiliated with Bain Capital Private Equity, other investors advised by Capital Research and the bank's promoter, Life Insurance Corporation of India (LIC). The announcement was made after market hours on Friday, 8 December 2017.

UltraTech Cement advanced 1.73% at Rs 4,225.85 after the company said that its board at a meeting held on 9 December 2017, approved the setting up of a 3.5 MTPA integrated cement plant at Pali, Rajasthan, at an investment of around Rs 1850 crore. Commercial production from the plant is expected to commence by June 2020.

The board also approved a proposal for an increase in the investment limits by registered foreign portfolio investors (RFPIs) including foreign institutional investors (FIIs) from the existing limit of 30% of the paid-up equity share capital upto 40% of the paid-up equity share capital of the company. The announcement was made on Saturday, 9 December 2017.

Power Grid Corporation of India (PGCIL) was up 0.44% at Rs 203.80 after the company said its board at a meeting held on 8 December 2017, accorded approval for two investment proposals aggregating to Rs 268.53 crore. The announcement was made after market hours on Friday, 8 December 2017.

Indiabulls Housing Finance fell 0.22% at Rs 1,204.60. The company said that it has sold its 100% shareholding in Indiabulls Life Insurance Company, presently a non-operational company with no business or license, to SORIL Holdings and Ventures (SHVL), at face value for an aggregate cash consideration of Rs 5 lakh. This transaction between the company and SHVL, being related parties, is at arms' length. The announcement was made on Saturday, 9 December 2017.

Among other news, Gujarat recorded a polling of 68% in the first phase of assembly elections for 89 assembly constituencies held on Saturday, 9 December 2017. The second phase polling will take place on 14 December 2017 in 93 assembly constituencies. Counting of votes will take place on 18 December 2017. The Gujarat assembly has 182 seats.

Today's Calls:

#P C Jewellers Ltd recommended at around Rs.396, last Thursday, reached both the targets (intraday high Rs.432.70).  Book Full Profits.

#Gujarat Narmada Valley Fertilizers & Chemicals Ltd recommended last Friday at Rs.465-467. Book PARTIAL PROFIT around Rs.473 (Intraday high: Rs.474.30).

#INTRADAY Buy Bata Ltd at around Rs.740, SL: Rs.729,  Target: Rs.753. Exit at the CMP of Rs.741-742. Call Closed.

#Jai Balaji Industries Ltd (Rs.21) has hit the upper circuits, on the news that most lenders have sold loans of BILT and Jai Balaji to ARCs. Hereto, this stock which was recommended around Rs.12-14, has given superb returns to the investors, throwing mud on the faces of naysayers.

#Buy Shilipi Cables Ltd at around Rs.13.30, for targets of Rs.17-19. After the positive news on Jai Balaji Industries Ltd, the market is optimistic about the debt restructuring of this company.

#Buy Aurobindo Pharma 700CE (CMP: Rs.15.50) on intraday declines at around Rs.15.0-14.50, SL 12; T: Rs.20-23. Book PARTIAL PROFIT at around Rs.17.75....

#B F Utilities Ltd which I recommended at around Rs.130, today touched Rs.485. Now if B F Utilitity Ltd is moving up on the government of India's auction buzz, can Suzlon Energy Ltd (Rs.14) be far behind? Accumulate the shares of Suzlon Energy Ltd on every intraday decline. Or the investors should buy and hold.
Meanwhile, Inox Wind expects order inflows to normalize from next quarter (Q3) onwards and execution to pick up from Q4. Suzlon Energy pegs the market to expand to about 6,000 megawatts (MW) in the next fiscal year. For perspective, India is estimated to add 1,000-1,500 MW of wind capacity this fiscal year, compared to 5,400 MW last year. India has lined up an ambitious plan to award 100 gigawatts (GW) of solar and wind contracts by March 2020.
Also, there are news reports that State-run Solar Energy Corporation of India (SECI) has floated tender for setting up 2 GW inter- state transmission system (ISTS) connected wind power capacities across the country. The company has invited proposals for setting up of ISTS connected Wind Power Projects in India, on 'Build Own Operate' basis for an aggregate capacity of 2000 MW, as per the tender document. Thus the Process has already commenced......
Advantage Suzlon Energy Ltd (Rs.13.85), B F Utilities Ltd (Rs.478) and Inox Wind Ltd (Rs.145.55)....

#The stock of Unitech Ltd (Rs.8.35) which was recommended repeatedly in this blog starting from around Rs.5-6, is buzzing since yesterday, after the media reports came  out saying that the National Company Law Tribunal (NCLT) has allowed the government of India to appoint 10 directors on the board of debt-ridden realty firm Unitech Ltd. However, the stock price which touched Rs.8.70, may not go too further as nothing on the table happened, as of now. The stock hit the 20% yesterday on positive sentiment built up. Therefore, book profits before the euphoria dies down and then wait for the dips to enter again, just as you did in case of Jai Balaji Industries Ltd.

#The Risk taking traders can buy Uttam Galva Steels Ltd at around Rs.23.70, for short term targets of Rs.29-31. Bankers are looking to speed up the resolution of 28 accounts including Videocon Industries Ltd, Jaipraksh Associates and Uttam Galva Steel as a December 13 deadline looms. The resolution for Uttam Galva Steel, BILT, Jai Balaji, Jayaswal Neco, Soma Enterprise and Anrak Aluminium is either done or is in the final stages, bankers said. Lenders said that in some of these cases banks have either sold the loans to asset restructuring companies (ARCs) or settled them with the promoters.

#Intraday Buy Zinc at around Rs.199.80, SL below Rs.198.90, T: Rs.201.50.

#Intraday Buy Copper at around Rs.425, SL below Rs.423, T: Rs.428..

Nifty 50:
#Demand Levels: 10235/10195
#Suppy Levels: 10300/10335

Bank Nifty: 
#Demand Levels: 25266/25230
#Supply Levels: 25400/25500

~~ with inputs from Capital Market - Live News

Pre-Session: Market may edge higher in early trade

11-Dec-17: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 22 points at the opening bell.

Overseas, Asian stocks traded mixed. US equities closed higher on Friday, 8 December 2017, following the release of a stronger-than-expected jobs report. The US economy added 228,000 jobs last month, according to the Bureau of Labor Statistics. The unemployment rate held steady at 4.1%.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 675.16 crore on Friday, 8 December 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1243 crore on Friday, 8 December 2017, as per provisional data.

Among corporate news, Axis Bank said its shareholders have given an approval to a proposal to raise equity and equity-linked capital of Rs 11626 crore from a set of marquee investors including entities affiliated with Bain Capital Private Equity, other investors advised by Capital Research and the bank's promoter, Life Insurance Corporation of India (LIC). The announcement was made after market hours on Friday, 8 December 2017.

Indiabulls Housing Finance said that it has sold its 100% shareholding in Indiabulls Life Insurance Company, presently a non-operational company with no business or license, to SORIL Holdings and Ventures (SHVL), at face value for an aggregate cash consideration of Rs 5 lakh. This transaction between the company and SHVL, being related parties, is at arms' length. The announcement was made on Saturday, 9 December 2017.

Among other news, Gujarat recorded a polling of 68% in the first phase of assembly elections for 89 assembly constituencies held on Saturday, 9 December 2017. The second phase polling will take place on 14 December 2017 in 93 assembly constituencies. Counting of votes will take place on 18 December 2017. The Gujarat assembly has 182 seats.

Key benchmark indices spurted on broad-based buying support on Friday, 8 December 2017, as firmness in global stocks boosted sentiment. The Sensex had risen 301.09 points or 0.91% to settle at 33,250.30, its highest closing level since 29 November 2017.

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Market Pulse

Market witnessed strong bounce yesterday and Nifty close with a massive gain of 122 points. It was a gap up opening followed buy sustained buying till the end. Sharp fall in oil prices in global commodities market yesterday, 6 December 2017 also boosted investors sentiment.

Needless to say, most of the sectors and thematic indices performed well and closed in the green with Infrastructure sector outperforming all others. Consumption index seconded it with 2.17% gain. However, the pharma index settled flat with a nominal gain of 0.25%.

Key benchmark indices extended early gains and hit fresh intraday high in morning trade,  today. At 10:23 IST, the barometer index, the S&P BSE Sensex, was up 235.46 points or 0.71% at 33,184.67. The Nifty 50 index was up 75.45 points or 0.74% at 10,242.15.

Among secondary barometers, the BSE Mid-Cap index was up 0.86%. The BSE Small-Cap index was up 1.02%. Both these indices outperformed the Sensex.

The broad market depicted strength. There were more than two gainers against every loser on BSE. 1,589 shares rose and 571 shares fell. A total of 108 shares were unchanged.

The trend of the market:

#Hourly - Up

#Daily - Up

#Weekly - Down.

Demand Levels:

#Nifty - 10100 and 10065

#Bank Nify - 24950 and 2487

Supply Levels:

#Nifty - 10200 and 10240

#Bank Nifty - 25145 and 25300

Overseas, Asian stocks were trading higher following a broad-based rally in US equities. Japan's economy grew at a much faster pace than initially estimated in the July-September quarter. The nation's gross domestic product grew at an annualized pace of 2.5% from the previous three months, according to government data released Friday.

US stocks closed higher Thursday, with the S&P 500 snapping a four-session losing streak on the back of gains in the technology, industrials and materials sectors. Traders looked ahead to the monthly jobs report due Friday. Initial US jobless claims, a way to measure layoffs, fell by 2,000 to 236,000 in the seven days ended 2 December 2017. The S&P 500 index rose 0.29%, while the Dow Jones Industrial Average added 0.29%, to 24,211.48. The tech-heavy Nasdaq Composite Index rose 0.54%.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1075.62 crore yesterday, 7 December 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 926.68 crore yesterday, 7 December 2017, as per provisional data.

Among corporate news, Power Finance Corporation (PFC) said that the company has successfully closed the deal for issuance of $400 million Green Senior Unsecured Notes offering at a fixed rate coupon of 3.75% from the international debt capital markets under Regulation S of the U.S. Securities Act of 1933 (as amended) on 6 December 2017 and completed the formalities for listing at Singapore Exchange (SGX-ST) and International Securities Market segment of the London Stock Exchange. The announcement was made after market hours yesterday, 7 December 2017.

#Among my recently recommended counter, Suzlon Energy Ltd (Rs.14.10) is up more than 2%. Yesterday, the stock was strongly recommended after the news came in that the dispute over lockout declared by manufacturer of wind turbines, Suzlon Energy Ltd, for its unit near Padubidri is over - an agreement was arrived at between the workers of the company and the management, the friction has seen a happy ending. The 15-day standoff is finally over and as per the agreement, all the 326 workers facing axe will be able to report for duty. This time the scrip could cross Rs.20.

#Videcon Industries Ltd (Rs.20.40) hit another Buyer Freeze. Jai Balaji Industries Ltd hit another buyer freeze at Rs.20, but you should book some profit in this counter.

#Havells India Ltd (Rs.538.50) recommended yesterday at around Rs.521, made a high of Rs.540 today, in the NSE. The traders are suggested to book full profits in the counter.

#Gitanjali Gems Ltd (Rs.75) recommended at around Rs.66-67, is showing some positive movements today. You can continue to hold the scrip with a SL at Rs.71, for short term targets of Rs.82-87.

Today's Calls:

#Buy Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) at around Rs.465-467 with a STOP LOSS below Rs.449, T: Rs.492.

#Intraday SELL V-Guard Industries Ltd at around Rs.234.75, SL: Rs.238, T: Rs.230.

# Buy Bank Nifty Futures at around 25280, SL below 24190, T:  25375 - 25420. Book PARTIAL PROFIT around 25356, trail the rest to COST.

#Buy Sun TV Network Ltd at around Rs.860-861, SL: Rs.848, T: Rs.882-892 on T+4 basis.  Book PART PROFIT at around Rs.871.50.

# Intraday SELL JPYINR on rise at around Rs.57.07, SL above  Rs.57.15, T: Rs.56.95.

~~ with inputs from Brokerage Reports and Capital Market - Live News..

Market Pulse

Key benchmark indices were trading higher in early trade. The barometer index, the S&P BSE Sensex, was trading at 32,737.12, up 139.94 (+0.43%) points, while NSE was seen at 10,088.95, up 44.85 (+0.45%) points.

Among secondary barometers, the BSE Mid-Cap index was up 0.45%. The BSE Small-Cap index was up 0.42%. Both these indices outperformed the Sensex.

The broad market depicted strength. There were almost three gainers against every loser on BSE. 1,010 shares rose and 345 shares fell. A total of 47 shares were unchanged.

Overseas, most Asian shares declined as US policy uncertainty kept sentiment in check. US stocks ended mixed on Wednesday, as weakness in the energy sector spurred some minor selling that offset a recovery in the technology sector. The Dow Jones Industrial Average fell 0.16%. The S&P 500 fell 0.01%. The Nasdaq Composite Index rose 0.21%.

Back home, IDBI Bank was up 1.28%. The bank said that its board of directors, has approved sale of 27.99 lakh equity shares of National Securities Depository (NSDL), constituting 7% of its total paid up equity capital, held by IDBI Bank. The announcement was made after market hours yesterday, 6 December 2017.

#My call on Jet Airways Ltd at around Rs.664-665, SL below Rs.650, T: Rs.685 on 5 December, '17 today touched Rs.699.90, intraday giving good profits to those who held the scrip. 

#Yesterday, profit booking was suggested to my BMA Wealth Creators Ltd's clients and also in Jai Balaji Industries Ltd at around Rs.19-20. The stock is now trading near Rs.18; but wait till the stock gives a fresh break out. It is looking tired on daily and weekly charts.

#Intraday call on Rajesh Exports Ltd was given at around Rs.770, SL: Rs.762, T:Rs.780-787. The stock is now trading at Rs.779 almost near the first target. You can either book part or full profits.

#In the currency call today, SELL EUR-INR  at around  Rs.76.37, SL: Rs.76.52, T: Rs.76.20. The INR is likely to show strength, following RBI's holding of Repo rates. Book PARTIAL PROFIT at around  Rs.76.32.

#Yesterday's Buy call on P C Jewellers Ltd (intraday high Rs.408.75) at around Rs.396, SL below Rs.385, T: Rs.415-422 on T+2 basis is doing fine today.

#Momentum Call: Buy Havells Ltd at around Rs.521, SL: Rs.510, T: Rs.537 on T+4 basis. Havells India key Products/Revenue Segments include Cables which contributed Rs.2,675.61 Crore to Sales Value (40.62% of Total Sales), Domestic Switchgears which contributed Rs.1467.68 Crore to Sales Value (22.28% of Total Sales), Electrical Consumer Durables which contributed Rs.1419.87 Crore to Sales Value (21.55% of Total Sales), Light Fittings & Fixture which contributed Rs.894.47 Crore to Sales Value (13.58% of Total Sales), Others which contributed Rs.128.33 Crore to Sales Value (1.94% of Total Sales) for the year ending 31-Mar-2017.

#Today's delivery based Premium Call: Buy Suzlon Energy Ltd at around Rs.13.75 for short term targets of Rs.17-19. SL: Rs.11.60, but there is no need to think about stop loss, unless some extreme things happen suddenly. In a bid to exceed Prime Minister Narendra Modi’s climate pledges, India announced that it will tender enough renewable energy projects over the next three years to surpass 200 gigawatts of green capacity build by 2022.
The  central government last month announced the auction of up to 21 GW of solar and wind power projects by March 2018. The government is looking at auctioning 17 GW of solar power capacities by March 2018 and 3-4 GW of wind power capacities. The government has already auctioned 2 GW wind capacities so far in first and second rounds this year. It has also decided to put for bidding 10 GW wind capacities each in 2018-19 and 2019-20 to meet the target of 60 GW by 2022.
“Due to aggressive auction prices there will be some initial impact on margins for a year but it will unlock a bigger market and I’m very much interested in this opportunity,” Suzlon chairman Tulsi Tanti said in an interview in New Delhi, adding that auctions could open up as much as 10 gigawatts of capacity. Suzlon’s optimism is a vote of confidence in India’s auction process—a first of its kind for wind anywhere in Asia—which saw prices plunge when the first tender was held in February. Several foreign wind turbine makers have increased their focus on India in the expectation that the market is set to expand further along with the broader use of auctions. Vestas Wind Systems A/S, the Danish turbine manufacturer that inaugurated a new blade factory in March, this week introduced a 2-megawatt turbine in India suited for medium to low wind sites. 
“It’s not just about us but about everyone—our suppliers, customers and banks—the entire chain has to focus on being competitive,” said Agustin Sanchez-Tembleque, Vestas’s head of sales in India, when asked if auctions will squeeze margins. German turbine maker Senvion SA, which set up shop in India last year, expects auctions to increase volumes, thus compensating for thinner margins. Suzlon plans to introduce its new S128 machine—a 2.6-megawatt turbine with rotor diameter of 128 metres (420 feet) and a tower height of 120 metres to 140 metres for low wind sites— in the 12 months beginning in April 2018, Tanti said.

#Videocon Industries Ltd hit another buyer freeze today at around Rs.19.45 in the NSE. This stock was repeatedly recommended in this group, as a buy in every decline.

I will be recommending a Delivery based Call in the next 10 minutes in this blog. Those who want to know the name in advance, should join my services immediately by sending a mail at suman2005s@rediffmail.com or sumanm2007s@gmail.com and transferring the required amount, online or submitting the documents for starting to trade with my associated brokerage house; along with account opening cheque. 
If you want to make good money from the share market, then always take the help of a couple of experts in this trade or from those who are in Stock Market arena for more than a couple of decades.

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Pre-Session: Key benchmarks may open flat

07-Dec-17: Market could see a flat opening due to mixed cues from global equity markets. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 6.50 points at the opening bell.

Overseas, Asian shares were mixed as softer oil and copper as well as US policy uncertainty kept sentiment in check. US stocks ended mixed on Wednesday, as weakness in the energy sector spurred some minor selling that offset a recovery in the technology sector. The Dow Jones Industrial Average fell 0.16%. The S&P 500 fell 0.01%. The Nasdaq Composite Index rose 0.21%.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1217.92 crore yesterday, 6 December 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 995.11 crore yesterday, 6 December 2017, as per provisional data.

Among corporate news, IDBI Bank said that its board of directors, has approved sale of 27.99 lakh equity shares of National Securities Depository (NSDL), constituting 7% of its total paid up equity capital, held by IDBI Bank. The announcement was made after market hours yesterday, 6 December 2017.

BEML opened spare parts and warehouse office yesterday, 6 December 2017, at Pune, Maharashtra. BEML has established its office at Pune not only to enhance its presence in Maharashtra but also to reach the doorsteps of customers i.e., Indian Army. The announcement was made after market hours yesterday, 6 December 2017.

Key benchmark indices dropped yesterday, 6 December 2017, after the Reserve Bank of India (RBI) left key policy rates unchanged after monetary policy review today, 6 December 2017. The barometer index, the S&P BSE Sensex, lost 205.26 points or 0.63% to settle at 32,597.18. The Nifty 50 index lost 74.15 points or 0.73% to settle at 10,044.10. Negative leads from global stocks also spoiled investors sentiment.

~~Powered by Capital Market - Live News

Market Pulse

Key benchmark indices were trading down in the afternoon trade. At 12:32 IST, the barometer index, the S&P BSE Sensex, was seen at 32,692.05 down 110.39 points (-0.34%). The Nifty 50 index was trading at 10,070.85 down 47.40 points.

Negative leads from Asian markets and overnight fall on the Wall Street spoiled investors sentiment. Cautiousness also prevailed ahead of the outcome of the Reserve Bank of India's monetary policy decision later today, 6 December 2017.

Key indices opened lower and pared losses in morning trade. After a brief recovery, selling pressure dragged the indices lower once again in morning trade.

Among secondary barometers, the BSE Mid-Cap index was up 0.06%. The BSE Small-Cap index was up 0.45%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, is positive. On BSE, 1,334 shares rose and 934 shares fell. A total of 115 shares were unchanged.

Suven Life Sciences gained 3.54% after the company announced the grant of one product patent from Eurasia and one product patent from Norway corresponding to the new chemical entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases and these patents are valid through 2034 and 2026 respectively. The announcement was made during market hours today, 6 December 2017.

Plastiblends India tanked 7.39% after net profit fell 64.7% to Rs 2.80 crore on 11.2% growth in net sales to Rs 144.12 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 5 December 2017.

On the macro front, the government yesterday, 5 December 2017, announced incentives worth a total Rs 8450 crore to boost exports and employment in labour-intensive sectors in the mid-term review of the five-year foreign trade policy (FTP) that was rolled out in 2015.

Export incentives under Merchandise Exports from India (MEIS) have been increased by 2% across the board for labour intensive MSME sectors leading to additional annual incentive of Rs 4567 crore. This is in addition to the already announced increase in MEIS incentives from 2% to 4% for ready-made garments and made ups in the labour intensive textiles sector with an additional annual incentive of Rs 2743 crore.

Further, incentives under Services Exports from India Scheme (SEIS) have also been increases by 2% leading to additional annual incentive of Rs 1140 crore. The FTP will continue to be reviewed and evaluated regularly for addressing concerns of the exporters, simplification of procedures and for promotion of exports, an official statement said.

Overseas, Asian shares were trading lower, mirroring losses on the Wall Street. US stock ended lower Tuesday, driven by losses in utilities, telecoms and industrials sectors. The S&P 500 index fell 0.37%. The Nasdaq Composite ended 0.19% lower. The Dow Jones Industrial Average ended 0.45% lower.

#Today's also, Jai Balaji Industries Ltd (Rs.20.05) and Videocon Industries Ltd (Rs.18.55) hit their respective buyer freezes. The outlook of both the companies have improved during the last few weeks. Book Profits in Jai Balaji Industries Ltd

#Investors can start accumulating the shares of SKM Egg  Products Ltd at around Rs.88 for a short term target of around Rs.111-117.  The scrip looks attractive at the CMP of Rs.88.10. 

SKM is an integrated quality manufacturer and supplier of egg products in the international market. SKM egg products is certified for ISO22000, BRC, and HALAL to make quality egg products. The state of the art quality assurance laboratory equipped with sophisticated instruments is ISO 17025 accredited. SKM has the capability to formulate and develop various kinds of egg based mixes for bakeries and mayonnaise applications. The quality and safety of the raw material is ensured with the backward integration of own layer farm and feed mill. Its products have earned the confidence of valued customers in Europe, Japan and Asia. 

The prices of eggs, its key raw material have eased during the last few days which is positive and upcoming Christmas and New Year celebrations is likely to boost the demand of company's products across the world. Ignore this call....exit if the scrip breaks Rs.87.

#Morning call to my BMA Wealth Creators Ltd's cliens: Buy P C Jewellers Ltd at around Rs.396, SL below Rs.385, T: Rs.415-422 on T+2 basis is doing fine.

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Pre-Session: Market may slide on negative global cues

06-Dec-17: Market is seen opening lower tracking negative leads from Asian markets and overnight fall on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 18.50 points at the opening bell.

Overseas, Asian shares were trading lower, mirroring losses on the Wall Street. US stock ended lower Tuesday, driven by losses in utilities, telecoms and industrials sectors. The S&P 500 index fell 0.37%. The Nasdaq Composite ended 0.19% lower. The Dow Jones Industrial Average ended 0.45% lower.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1470.56 crore yesterday, 5 December 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1074.39 crore yesterday, 5 December 2017, as per provisional data.

Among corporate news, shares in interest-rate sensitive sectors such as real estate, banks and automobiles will be in focus as the Reserve Bank of India's (RBI) monetary policy committee (MPC) will conclude its two-day meeting today, 6 December 2017, for the fifth bi-monthly monetary policy decision for FY 2018. The resolution of the MPC will be placed on the RBI website at 14:30 IST today, 6 December 2017.

On the macro front, the government yesterday, 5 December 2017, announced incentives worth a total Rs 8450 crore to boost exports and employment in labour-intensive sectors in the mid-term review of the five-year foreign trade policy (FTP) that was rolled out in 2015.

Export incentives under Merchandise Exports from India (MEIS) have been increased by 2% across the board for labour intensive MSME sectors leading to additional annual incentive of Rs 4567 crore. This is in addition to the already announced increase in MEIS incentives from 2% to 4% for ready-made garments and made ups in the labour intensive textiles sector with an additional annual incentive of Rs 2743 crore.

Further, incentives under Services Exports from India Scheme (SEIS) have also been increases by 2% leading to additional annual incentive of Rs 1140 crore. The FTP will continue to be reviewed and evaluated regularly for addressing concerns of the exporters, simplification of procedures and for promotion of exports, an official statement said.

Key benchmark indices logged small decline after a volatile session yesterday, 5 December 2017. The barometer index, the S&P BSE Sensex, fell 67.28 points or 0.2% to settle at 32,802.44. The Nifty 50 index fell 9.50 points or 0.09% to settle at 10,118.25. Both the Sensex and the Nifty settled at their lowest levels in almost three weeks.

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

Market Pulse

Key benchmark indices were trading lower in mid-morning trade, tracking negative cues in other Asian stocks. At present the barometer index, the S&P BSE Sensex, is trading at 32,749 down 120.72 points (-0.37%). The Nifty 50 index is trading at 10,094.95 down 32.80 points. Cement shares declined. Most pharmaceutical shares declined.

The key indices trimmed losses after hitting fresh intraday low in morning trade. The Sensex hit a six-week low and the Nifty hit its lowest intraday level in almost 8 weeks in morning trade.

Among secondary barometers, the BSE Mid-Cap index was down 0.16%. The decline in this index was lower than the Sensex's decline in percentage terms. The BSE Small-Cap index was down 0.42%. The decline in this index was higher than the Sensex's decline in percentage terms.

The market breadth, indicating the overall health of the market, was weak. On BSE, 1,504 shares fell and 815 shares rose. A total of 123 shares were unchanged.

Alphageo (India) fell 2.23% after the company reported consolidated net loss of Rs 3.37 crore in Q2 September 2017 compared with net loss of Rs 3.58 crore in Q2 September 2016. Net sales jumped 246.3% to Rs 21.3 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 4 December 2017.

On the macro front, data released today, 5 December 2017, showed that the Nikkei India services Purchasing Managers' Index, or PMI, dipped into negative territory in November. The seasonally adjusted business activity index stood at 48.5 in November, off from 51.7 in October. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

Overseas, most Asian shares were trading lower as technology shares mirrored a sell-off in US tech companies.

In US, the Dow closed at a record as investors cheered the weekend passage of the Senate version of a sweeping overhaul of the US tax code. However, the S&P 500 and the Nasdaq finished lower as large-capitalization technology stocks took a beating. The Dow Jones Industrial Average added 0.2%. The S&P 500 shed 0.1%. The Nasdaq Composite Index fell 1.1%.

#Among my recently recommended counters, Jai Balaji Industries Ltd (Rs.19.10) and Videocon Industries Ltd (17.70) hit their respective BUYER FREEZES, today also....both these scrip has been repeatedly recommended in this blog, for short term gains.

#Yesterday's Call Simplex Projects Ltd is consolidating around Rs.40.40-41 ranges. In the next budget the NDA government is likely to give more focus on agriculture and infrastructure sectors. You should keep accumulating in Intra-day dips. This stock generally gives good returns over a period.

#Buy MT Eudcare Ltd (Mahesh Tutorials), a well known name among the coaching centres in Mumbai. "Subhash Chandra-controlled Zee Learn is in talks with MT Educare, a Mumbai-based company that runs the popular Mahesh Tutorials coaching classes, to buy a controlling stake in the company, in a growing sign that a wave of fresh capital is triggering larger consolidation in the educational services space," The Economic Times said quoting multiple sources. Earlier, Visa Capital bought 2.50 lakh shares or 0.6% equity stake at Rs.68.05 each. The BSE group 'B' stock of face value Rs.10 has touched a 52 week high of Rs.139.4 on 25-Jan-2017 and a 52 week low of Rs.53 on 17-Nov-2017. The promoters' holding in the company stood at 42.78 % while Institutions and Non-Institutions held 7.89% and 49.33% respectively. The stock is currently trading above its 200D SMA. You can buy the scrip at around Rs.75 for short term targets of Rs.91-92. SL: Rs.71. Exit the scrip  near Rs.73.

#Those who are still holding Subex Ltd (Rs.8.40) should keep a SL at Rs.7.50. The company is doing fine, but since it has a huge equity and almost 100% free float it might take sometime for the stock to give some meaningful returns to the investors.

#Buy SRF Ltd on intra-day declines around Rs.1815, SL: Rs.1789, T: Rs.1865 on T+2 basis. The chemical firm SRF Ltd recently announced setting up of a plant with an investment of Rs.356 crore. Short term traders exit with a small profit at around Rs.1830. Call Closed.

#Aggressive Traders can Buy NIFTY Futures at around 10125,  SL below 10090, T: 10175. Target Achieved at 10175. Call Closed.

#Bank Nifty covered call strategy: Buy Bank Nifty Futures and simultaneously Sell Bank Nifty 28DEC2017 25400CE; Gradually Book Profit around CMP (Approximately Rs.4320 per lot profit). Ignore this call.

#In case the covered call strategy looks complex then normal traders can Buy BANK NIFTY Futures at around 25190, SL below 2504, T: 25350. Ignore this call. 

#Buy the scrip of Jet Airways Ltd at around Rs.664-665, SL below Rs.650, T: Rs.685 on T+1 basis. Book Profit around Rs.675.

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

Market Pulse

Key benchmark indices firmed up in mid-morning trade. At 11:24 IST, the barometer index, the S&P BSE Sensex, was up 134.75 points or 0.41% at 32,967.69. The Nifty 50 index was up 29.40 points or 0.29% at 10,151.20. The Sensex was trading a tad below 33,000 mark after crossing that level in opening trade.

Among secondary barometers, the BSE Mid-Cap index was up 0.07%. The BSE Small-Cap index was up 0.13%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,269 shares rose and 1,115 shares fell. A total of 137 shares were unchanged.

Biocon spurted 9.30% to Rs 488.10 after the US drug regulator approved Mylan and Biocon's Ogivri, biosimilar for the treatment of HER2-positive breast and gastric cancers. The announcement was made after market hours on Friday, 1 December 2017.

Overseas, Asian stocks were mixed as investors were trading cautiously after US stocks declined on Friday, 1 December 2017. US stocks ended lower on Friday, 1 December 2017, after news surrounding former national-security adviser Michael Flynn added an element of political uncertainty into markets. The Dow Jones Industrial Average and the S&P 500 fell 0.2% each while the Nasdaq Composite Index declined 0.4%.

Media reported that Flynn, the former national security adviser, would testify that he was directed to make contact with Russians during the presidential campaign in 2016. Flynn pleaded guilty to lying to the FBI about his post-election contacts with Russia's ambassador to the US.

Meanwhile, the US Senate approved a tax overhaul on Saturday, 2 December 2017, moving Republicans and President Donald Trump a big step closer to their goal of slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans.

Jai Balaji Industries Ltd (Rs.18.20) and Videocoon  Industries Ltd (Rs.16.90) hit their respective buyer freeze -- both the scrips were repeatedly recommended in this blog. 

Subex Ltd (CMP: Rs.8.60, FV: Rs.10), up more than 3%, is trending towards Rs.11-14. The  percentage of Deliverable Quantity to Traded Quantity was 55.78 % on last Friday. Moreover, after the board gave nod to restructuring, the company's fundamentals have started to look good. It is a board managed company like the tobacco behemoth: ITC Ltd (CMP: Rs.254.95, FV: Re.1).
The company has planned to diversify its business and focus on each of its verticals with higher operational efficiencies, which will lead to maximisation of its revenue. The Revenue Maximisation Solutions (the RMS business) would be transferred on ‘ongoing concern’ basis to its subsidiary, Subex Assurance LLP (Subex Assurance), by way of a capital contribution made by the company to Subex Assurance.
The Subex secure and analytics’ solutions and related business carried out by the company (the ‘digital business’) would be transferred to Subex Digital LLP (Subex Digital). After the restructuring the company would directly hold over 99.99% of both capital and share in profit and losses of both Subex Assurance LLP and Subex Digital LLP.
Currently the company belongs to the industry of computers - software. Its total operating revenue is Rs.324.41 crore and equity capital is Rs.506.91 crore for the year ended March 31, 2017.
The stock of Subex Ltd is not performing as expected. Very short term traders, can exit the scrip today at around Rs.8.50-8.65, with no-loss-no-profit or with a slight profit and again enter when the stock gives a closing above Rs.8.80, with good volumes. Others can hold with a SL of Rs.7.50.

Intraday SELL BATA Ltd at around Rs.718, SL: Rs.729,  T: Rs.702-695.  This is a pure chart based call.  Book PART PROFIT around Rs.710.30.

Buy the stock of Simplex Projects Ltd at around Rs.40-40.90 for short term targets of Rs.53-54. The scrip seems to have made a temporary bottom, after its recent correction from a high of around Rs.44. Please buy and keep holding. A meeting of the Board of Directors of Simplex Projects Ltd will be held on Monday, December 11, 2017 at 4.00 P.M. at the Corporate office of the Company at 11/1C/2 East Topsia Road, Kolkata 700046 to consider, the Unaudited Financial Results for the Quarter ended June 30, 2017. This is my new recommended counter to the Premium Group members and to my BMA Wealth Creators Ltd's Clients.

I shall be recommending another good counter this week to the my BMA Wealth Creators Ltd's clients; those who are interested to know the name, before I put it on this blog, can join my Premium Service. You can send me a mail at: suman2005s@rediffmail.com or sumanm2007s@gmail.com.

~~ with inputs from Capital Market - Live News

Market Pulse

Domestic stocks saw gap-down opening taking cues from negative Asian stocks. At the time of writing this report, the barometer index, the S&P BSE Sensex, was down 228.07 points (-0.68%) and Nifty was down 73.35 points (-0.71%) and were trading at 33,374.69 and 10,287.35 respectively.

The S&P BSE Mid-Cap index was down 0.3%. The S&P BSE Small-Cap index was down 0.35%. The fall in both these indices was lower than the Sensex's decline in percentage terms.

The market breadth, indicating the overall health of the market, was weak. On the BSE, 921 shares fell and 502 shares rose. A total of 47 shares were unchanged.

Market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month November 2017 series to December 2017 series. The November 2017 derivatives contract expire today, 30 November 2017.

Overseas, Asian stocks fell as investors ponder the longevity of the global equity bull run. China's official non-manufacturing purchasing managers' index, a measure of activity outside factory gates, rose to 54.8 in November from 54.3 in October, the National Bureau of Statistics said today, 30 November 2017. The official manufacturing PMI, also released today, 30 November 2017 rose to 51.8 in November from 51.6 in October.

In US, the Dow Jones Industrial Average closed at a new high yesterday, 29 November 2017 even as the Nasdaq Composite logged its worst day in three months as a selloff in megacap technology shares, such as Facebook Inc., Apple Inc., and Amazon.com Inc., weighed on the tech-heavy index.

The Federal Reserve released the Beige Book, a compilation of anecdotes on the US economy. In the report, the Fed said it detected a slight improvement in the outlook among contacts in its 12 districts with growth remaining at a modest to moderate pace. The central bank has also witnessed strengthening in inflation pressures over the past month with increases passed on the consumers.

In economic news, the US economy's pace of growth in the third quarter was raised to 3.3% from 3% under the government's latest revision to gross domestic product. Pending-home sales jumped 3.5% in October, but remained 0.6% lower than a year ago.

On the macro front, the government will announce Q2 September 2017 gross domestic product (GDP) data after market hours today, 30 November 2017. India's GDP growth rate slowed to 5.7% in Q1 June 2017, on the back of destocking ahead of Goods and Services Tax (GST) implementation.

India's infrastructure output data for the month of October 2017 is also scheduled to be released after market hours today, 30 November 2017. India's eight core infrastructure sector, carrying 40.27% of the weight of items included in the index of industrial production (IIP), had shown a healthy 5.2% increase in its output in September 2017 over September 2016.

Today's Calls:

#Buy EURINR around 76.81, SL below 76.70, T: 76.92.

#Book Part Profit in Hexaware Technologies at around Rs.340.50. Yesterday, a short term momentum buy call was initiated in Hexaware Technologies Ltd on T+1 basis at around Rs.334-335, SL: Rs.328,  T: Rs.344. The company's Q2FY18 consolidated net profit rose 16.4% qoq beating street Estimates. Revenue for the quarter came in line with the estimated figure of Rs.989 crores. EBITDA for the quarter came in 7.2 % higher than the estimated figure of Rs. 161.6 crores. And lastly, net profit for the quarter came in 19.6% higher than the estimated figure of Rs.118.94 crore.

#Accumulate Subex Ltd at around Rs.9.70, for targets of Rs.12-15. The stock is showing some temporary weakness due to a sell off in the technology shares yesterday, in the US.

#Intraday, SELL Cadila Healthcare Ltd at around Rs.432, SL: Rs.437, T: Rs.424. Cadila Healthcare and The Indian Council of Medical Research (ICMR) announced the launch of new diagnostic kits, developed by ICMR's National Institute of Virology (NIV), Pune to detect neglected infectious diseases in livestock. This public private partnership will open newer avenues for many more indigenously diagnostics for public health benefits. The announcement was made at the fag end of trading session yesterday, 29 November 2017. EXIT around Rs.429.75.

#Buy Britannia Industries Ltd's December FUTURES on declines at around Rs.4870, SL: Rs.4830, T: Rs.4950. Britannia Industries, incorporated in the year 1918, is a Large Cap company (having a market cap of Rs.58,468.81 Crore) operating in Food Processing sector. Britannia Industries Ltd’s September quarter results suggest a gradual improvement subsequent to the roll-out of the goods and services tax (GST). Its stand-alone results show sales rose 7.8% from a year ago, compared with the June quarter’s 6.6%.
The company management had said in July, in a conference call after the June quarter, they expect sales growth to return to double digit levels only after a quarter or so. That is playing out. 

#Buy LEAD around Rs.156.40, SL below Rs.155, T: Rs.159.00 on T+1 basis.

~ with inputs from Capital Market - Live News..

WINNING STROKES

The Key equity benchmark indices settled a tad lower after a range bound trading session. The barometer index, the S&P BSE Sensex, fell 15.83 points or 0.05% to settle at 33,602.76. The Nifty 50 index fell 8.95 points or 0.09% to settle at 10,361.30. Most realty stocks gained.

Key benchmark indices nudged higher in early trade. Stocks hovered in positive zone in morning trade. Stocks extended gains in mid-morning trade. Key equity benchmarks firmed up in afternoon trade. Key equity benchmarks dipped in negative zone in mid-afternoon trade. Stocks hovered in negative zone in late trade.

The S&P BSE Mid-Cap index fell 0.17%. The fall in this index was higher than Sensex's decline in percentage terms. The S&P BSE Small-Cap index fell 0.01%. The fall in this index was lower than Sensex's decline in percentage terms.

The market breadth, indicating the overall health of the market, turned negative from positive in late trade. On the BSE, 1,370 shares declined and 1,337 shares rose. A total of 145 shares were unchanged.

#Though the S&P BSE Telecom index was up 0.49%, the shares of Reliance Communications Ltd fell 3.11% in the NSE to Rs.12.45. If you remember, even when the stock was near Rs.14 very recently, I had asked all to use this rise as an exit opportunity. 

#Coal India Ltd rose 0.66% on reports a foreign brokerage house has upgraded its ratings to outperform from neutral on the stock. The foreign brokerage house also reportedly hiked target price on Coal India stock to Rs 310 from earlier Rs 280. It expects domestic coal market to remain tight in near to medium term, while lower supply and strong global prices to help e-auction prices from third quarter. It feels that the supply tightness makes the risk-reward favourable. Wage hikes and grade slippage has factored in the first half of the current financial year (FY 2018), while low coal inventory is going to keep volumes elevated in the next financial year, it added. The brokerage house expects Coal India's earnings per share (EPS) to grow after five years and expecting 100% dividend payout in FY 2018.

Yesterday, my BUY call Subex Ltd rose to Rs.9.10 in the NSE with a huge volume of 12,952,531 shares, before closing at Rs.8.80, up more than 6%. The scrip is likely to give good returns going forward and investors are suggested to accumulate it on intraday declines. 

Meanwhile, both my recommended counters: Jai Balaji Industries Ltd (Rs.15.80) and Videocon Industries Ltd (Rs.14.75) hit their respective buyer freeze -- the former is basically rising on the steel sector turnaround, relief by NCLT and the government's sops for the scrap sector while the latter on its new restructuring plans. 

Yesterday, a short term momentum buy call was initiated in Hexaware Technologies Ltd on T+1 basis at around Rs.334-335, SL: Rs.328,  T: Rs.344. The company's Q2FY18 consolidated net profit rose 16.4% qoq beating street Estimates. Revenue for the quarter came in line with the estimated figure of Rs.989 crores. EBITDA for the quarter came in 7.2 % higher than the estimated figure of Rs. 161.6 crores. And lastly, net profit for the quarter came in 19.6% higher than the estimated figure of Rs.118.94 crore.

Future Enterprises Ltd tanked to Rs.54.15, closing near the days high yesterday. If you remember, I have been asking all to book  profits since the time the stock was finding difficulty to cross the resistance zone of Rs.56-57. In most stocks, there is a logic which we need to grasp to make money on a consistent basis.

I will be recommending a SUPER CALL on Next Monday or may be any time this week which is likely to give you at least 15% return -- so one or two such calls is likely to cover the (Premium) Subscription Charges. Those who want to get the name of the scrip, should either join my Premium Service or trade through my recommended brokerage house, i.e. BMA Wealth Creators Ltd, one of the largest brokerage houses from eastern India with a minimum portfolio size of Rs.1.5 lakhs (it has been increased from Rs.1 lakh). 

Also, if you have benefited from my blog writings and calls, you can also make a voluntary contribution, which will help me in maintaining this blog and giving you more and more FREE CALLS. You can make a team of 1000 (or may be more) people, collect small yearly contributions from everyone and send it to me.....without fuel how will I be able to run the engine, considering the time and the cost of high level stock research? We can try this for one year, and if the modus operandi is successful, we can go on repeating everyone.

Overseas, most European stocks were trading higher, helped by news of a Brexit deal between the European Union and the UK. As per reports, the UK and the EU have reached a deal on a Brexit divorce bill on Tuesday. The final total will reportedly be around 50 billion.

Asian stocks ended mixed as Chinese equities added to declines and a North Korean missile test overshadowed an overnight surge in US equities. US stocks rose to records on 28 November 2017 on progress towards passage of US tax cuts and a benign confirmation hearing with Federal Reserve Chair nominee Jerome Powell.

The Senate Budget Committee approved the Senate's tax plan on Tuesday, bringing the upper chamber closer to a floor vote, which is expected to take place Thursday. Meanwhile, during his testimony, Powell said that current regulations on the financials sector are tough enough. He also said he supported the tailoring of some regulations to ease the burden on small banks.

On the data front, the Conference Board's consumer-confidence index jumped to 129.5 in November, marking a 17-year high. The advanced US trade deficit in goods rose 6.5% to $68.3 billion in October. Separately, home prices rose at their fastest pace in more than three years in September.

In another development, Technology shares in the U.S. tumbled, while the S&P 500 Index ended the day flat, amid signs of a rotation away from the year’s leaders into financial stocks as tax legislation proceeded through the Senate. Treasuries dropped after Federal Reserve Chair Janet Yellen called economic growth “increasingly broad based.”

Powered by Capital Market - Live News

Market Pulse

Key benchmark indices nudged higher in early trade. Stocks hovered in positive zone in morning trade. The S&P BSE Mid-Cap index was up 0.24%. The S&P BSE Small-Cap index was up 0.55%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,445 shares rose and 957 shares fell. A total of 135 shares were unchanged.

Overseas, Asian stocks were mixed as Chinese equities added to declines and a North Korean missile test overshadowed an overnight surge in US equities. US stocks rose to records yesterday, 28 November 2017 on progress towards passage of US tax cuts and a benign confirmation hearing with Federal Reserve Chair nominee Jerome Powell.

The Senate Budget Committee approved the Senate's tax plan on Tuesday, bringing the upper chamber closer to a floor vote, which is expected to take place Thursday. Meanwhile, during his testimony, Powell said that current regulations on the financials sector are tough enough. He also said he supported the tailoring of some regulations to ease the burden on small banks.

On the data front, the Conference Board's consumer-confidence index jumped to 129.5 in November, marking a 17-year high. The advanced US trade deficit in goods rose 6.5% to $68.3 billion in October. Separately, home prices rose at their fastest pace in more than three years in September.

Suzlon Energy Ltd tanked to Rs.14.60, below a key support level; after a SELL was initiated for the short term punters, in the morning following cooling down of crude oil prices. However, long term investors can hold with a stop loss of Rs.13.50.

Morning Call, Bharati Defence and Infrastructure Limited (BDIL) at around Rs.8, hit the buyer freeze. There were earlier some positive media reports on the company.

If you have missed  BDIL, then try Subex Ltd at around Rs.8.60, for targets of Rs.12-15. Subex Ltd provides software products and related services to communications service providers across the world. The company also provides implementation and customization, support services, managed services and sub-contracting services. Its segments include It operates across the Americas; Europe, the Middle East and Africa and Asia-Pacific and rest of the world.
In August, this year, there were media reports that its board has given its nod for the company’s restructuring scheme. The restructuring is a part of overall “Subex 3.0” strategy to achieve the objectives which are: segregate company’s business into separate verticals, facilitating greater focus on each vertical, enhance the ability of the company to enter into specific partnerships and to attract strategic investors at respective business levels. It's chief aim is to de-risk various business verticals from each other and enhance value for the shareholders of the company.
As of 2016-17, Subex had $115 million in debt out of which $95 million was equitized and the remaining $20 million has been paid off. "The worst is behind us. We have recapitalized the firm and prepared the company for growth," said Anil Singhvi, the non-executive chairman of telecom products firm Subex. Mr.Singhvi is also the chairman of Ican Investments Advisors and was an adviser to Reliance ADA Group for two years.

Jai Balaji Industries Ltd hit another buyer freeze in the NSE at around Rs.15.80. The stock was repeated recommended in this blog since the last few weeks.

You can also BUY Hexaware Technologies Ltd on T+1 basis at around Rs.334-335, SL: Rs.328,  T: Rs.344. This is a pure chart based call.

The Indian stock markets would continue to remain buoyant in  absence of viable investment opportunities, following a near defunct real estate market and also tepidity persisting in the precious metals sector. The investors and traders are suggested to look for good stories and invest with strict stop loss in mind. 

Today, there is net connectivity problem with Reliance Jio and hence it took a hell lot of time to update the morning inputs. I now feel that instead of Reliance Jio, I should gone for other other service providers like Bharti Airtel or Idea Cellular, as RJio has nagging problems in the Western Suburbs of Mumbai, with a chequered customer care service further making the things even worse.

~~ Powered by Capital Market - Live News

Pre-Session: Market may open higher

29-Nov-17: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 63 points at the opening bell.

Overseas, Asian stocks climbed, following a surge in US equities, and as a well-worn path of North Korean missile tests did little to dent investors' optimism in the strength of global earnings and economic growth. US stocks rose to records yesterday, 28 November 2017 as corporate tax cuts inched closer to reality after passing another hurdle in the Senate.

Back home, key benchmark indices corrected on profit booking yesterday, 28 November 2017 after rising in the previous eight trading sessions. The Sensex fell 105.85 points or 0.31% to settle at 33,618.59, its lowest closing level since 23 November 2017.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 12.24 crore yesterday, 28 November 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 428.15 crore yesterday, 28 November 2017, as per provisional data.

~~ Powered by Capital Market - Live News

Opportunity for Investors

Photo: Audacity Capital

There is an opportunity for those investors, who want to get a fixed monthly on their investments, away from the hustle and bustle of share market. The schemes, which are from a more than 30 year old company, are as follows:

(i) Invest Rs.5 lakhs and get Rs.49,000 per month for the next 12 months, through EMIs. That is you get Rs.(12*49,000) = Rs.5,88,000 in total, on your investment of Rs.5 lakhs; in 12 months.

(ii) Invest Rs.5 lakhs and get Rs.10,000 per month as Interest (2% per month or 24% in a year) on your investment, for the next 12 months. You will get 12 PDCs of 1 year & Promissory Note  on your investment of Rs.5 lakhs. In this case you are getting Rs.(5+1.2) lakhs = Rs.6.2 lakhs in 12 months.

This offer is initially available only for the first 200 individuals and is open till 31st December, 2017.

For more on this, please contact  me at: 

#suman2005s@rediffmail.com or 

#sumanm2007s@gmail.com on behalf of:

Mr.J Dcrus

Financial Consultant,

New Delhi, India.

WINNING STROKES

The Sensex fell 105.85 points or 0.31% to settle at 33,618.59, its lowest closing level since 23 November 2017. The index rose 45.71 points, or 0.14% at the day's high of 33,770.15. The index fell 147.79 points, or 0.44% at the day's low of 33,576.65.

The Nifty 50 index fell 29.30 points or 0.28% to settle at 10,370.25, its lowest closing level since 23 November 2017. The index rose 10 points, or 0.10% at the day's high of 10,409.55. The index fell 44.35 points, or 0.43% at the day's low of 10,355.20.

The S&P BSE Mid-Cap index rose 0.10%. The S&P BSE Small-Cap index rose 0.27%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, once again turned positive from negative in late trade. On the BSE, 1,386 shares rose and 1,333 shares fell. A total of 158 shares were unchanged.

The total turnover on BSE amounted to Rs 4245.83 crore, higher than the turnover of Rs 4087.13 crore registered during the previous trading session.

Reliance Communications (RCom) fell to Rs.12.20, intraday from around Rs.14, which it touched last week. The stock closed at Rs.12.90 in the BSE.. If you remember, I had asked all to exit the counter on every rise, when it fell to all time low of around Rs.9.60 in the BSE. 

Meanwhile, RCom issued a clarification to the stock exchanges after market hours yesterday, 27 November 2017, with regard to media news titled China development bank files insolvency case against Reliance communications. RCom said that the company has not been served any notice of the application filed by China Development Bank with NCLT, as reported in the media.

RCom is engaged through the joint lenders forum (JLF) with all its lenders for a successful resolution of the strategic debt restructuring (SDR) process. The China Development Bank has also been actively participating in the JLF. RCom said it is therefore, surprised by the untimely and premature action of the China Development Bank of filing an application at NCLT. RCom added that it continues to remain engaged with all lenders including the China Development Bank and is confident and committed to a full resolution with the support of all the lenders.

Separately, RCom said it has entered into a binding share purchase agreement with Pantel Technologies and Veecon Media & Television for sale of its subsidiary Reliance BIG TV (RBTV), engaged in the business of direct-to-home (DTH) services across India.

Pursuant to this transaction, the buyers will acquire the entire shareholding of RBTV with business on an as-in, where is basis, along with existing trade and contingent liabilities. The transaction will help to reduce the liability of unsecured creditors, benefitting all stakeholders, including lenders and shareholders of RCom. The transaction is in consonance with RCom's stated objective to focus on B2B businesses of the new RCom, the company said in a statement.

Future Enterprises Ltd has been moving up, since the last few days as the company was sending some news to the exchanges. The Rs.2 face value scrip rose enough from my recommended price of around Rs.18, to Rs.62 in less than a year; after which it never closed above Rs.56. Today the stock closed at Rs.55.10 in the BSE. The investors were long suggested to book profits and exit the counter until the stock closed above Rs.57.

I will be recommending a (Super) Scrip next Monday, which is capable of giving you at least 15% returns in the short term (Enough to cover the cost of 1 year subscription on a seed capital of Rs.1.5 lakhs). If you are interested to know the name of the stock, then you should either, join my Premium Service or by trade through my associated brokerage house: BMA Wealth Creators Ltd, with a minimum portfolio size of Rs.1.5 lakhs.

SKM Egg Products Ltd today closed at Rs.97.30 in the NSE. The investors are suggested to book complete profits and exit the counter.

The money would continue to flow in the Indian bourses, due a virtually defunct real estate market and no so encouraging precious metals space. The tax component in new properties is one of the greatest impediment to the new home sales. Besides, in Mumbai, it is now possible to book a Rs.2 crore property by paying only few lakhs; as the builders try to hard to clear the old inventories. The property prices are likely to fall further.

Asian stocks finished on a mixed note amid uncertainty over the US tax bill. US stocks closed mostly lower yesterday, 27 November 2017 after touching intraday records as an early rally in retail shares largely fizzled. However, the blue-chip Dow bucked the weak trend to eke out a gain.

US President Donald Trump is scheduled to address Senate Republicans today, 28 November 2017 ahead of a potential vote on a tax overhaul. Federal Reserve Chair Janet Yellen testifies before the congressional Joint Economic Committee in Washington, and the confirmation hearing is due for her nominated successor, Jerome Powell.

~~Powered by Capital Market - Live News

Market Pulse

Domestic stocks edged lower in early trade on negative Asian stocks. At present, the barometer index, the S&P BSE Sensex, is trading at 33,698.51, down 25.93 points (-0.08%) while the NSE is at 10,393.70, down 5.85 points (-0.06%).

Overseas, most Asian stocks were trading lower amid uncertainty over the US tax bill. US equities ended yesterday, 27 November 2017 little changed, as declining oil prices pulled down energy stocks.

US President Donald Trump is scheduled to address Senate Republicans today, 28 November 2017 ahead of a potential vote on a tax overhaul. Federal Reserve Chair Janet Yellen testifies before the congressional Joint Economic Committee in Washington, and the confirmation hearing is due for her nominated successor, Jerome Powell.

Jai Balaji Industries Ltd today hit another buyer freeze at Rs.15.05. I have been asking all to enter the scrip as its valuation looked pretty cheap compared to its peers. 

Intraday:
(i) SELL CRUDE in the range of Rs.3725-3730,  SL above Rs.3755, T: Rs.3690.
(ii) BUY COPPER  at around Rs.439.20, SL below Rs.437, T: Rs.442. Book PARTIAL PROFIT in COPPER - Keep trailing SL below cost price.

Videocon Industries Ltd hit another buyer freeze today -- any buoyancy in the crude oil price will bolster the stock of the company. 

Suzlon Energy Ltd after yesterday's hurricane move is today consolidating around the CMP of Rs.15. Suzlon Energy earlier informed the Udupi district administration that it will start dialogue with workers at its rotor blade manufacturing unit at the Padubidri Special Economic Zone (SEZ) in the district on November 30, 2017. The market cap of Suzlon Energy Ltd is only Rs.7,953.06 Cr as against the FY17 turnover of Rs.12,803.19 Cr.

Sell Reliance Industries Ltd's 960CE at around Rs.3.50-3.60, keep STOPLOSS at Rs.960 (spot price); Hold till EXPIRY.

BUY (T+3) GAIL at around Rs.461,  SL below Rs.450, T: Rs.481.

Gitanali Gems Ltd recommended around Rs.38.75 on 15 October, 2015 on this Free Blog, today touched Rs.104.40, giving more than 100% return in less than 3 - years. You can book some profits and hold the rest with a SL of Rs.91.

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

Winning Strokes

Key benchmark indices logged small gains on first trading day of the week after languishing in negative zone for most part of the trading session. The barometer index, the S&P BSE Sensex, rose 45.20 points or 0.13% to settle at 33,724.44. The Nifty 50 index rose 9.85 points or 0.09% to settle at 10,399.55. Stocks logged gains for eight day in row today, 27 November 2017. The Sensex and the Nifty, both, settled at their highest closing levels in three weeks.

Domestic stocks edged lower in early trade on negative Asian stocks. Stocks hovered in negative zone in morning trade. Key benchmark indices gyrated in a small range amid negative bias in mid-morning trade. Equities extended fall and hit fresh intraday low in early afternoon trade. Stocks hovered near the day's low in afternoon trade. Stocks cut losses in mid-afternoon trade. Indices turned positive in late trade.

The Sensex rose 45.20 points or 0.13% to settle at 33,724.44, its highest closing level since 6 November 2017. The index gained 65.93 points or 0.2% at the day's high of 33,745.17. The index fell 138.78 points or 0.41% at the day's low of 33,540.46.

The Nifty 50 index rose 9.85 points or 0.09% to settle at 10,399.55, its highest closing level since 6 November 2017 . The index gained 17.45 points or 0.17% at the day's high of 10,407.15. The index fell 49.50 points or 0.48% at the day's low of 10,340.20.

The S&P BSE Mid-Cap index rose 0.52%. The S&P BSE Small-Cap index rose 0.77%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,565 shares rose and 1,131 shares fell. A total of 184 shares were unchanged.

The IT major Infosys fell 1.23% to Rs 997.50. The company after market hours today, 27 November 2017, announced a partnership with Hewlett Packard Enterprise (HPE) to offer a joint end-to-end mainframe modernization solution, which will provide global enterprise customers robust hardware and advanced software architecture.

Most power generation stocks edged higher. Adani Power (up 3.25%), NTPC (up 3.13%), Reliance Infrastructure (up 3.07%), GMR Infrastructure (up 2.15%), Torrent Power (up 2.02%), Reliance Power (up 1.96%), CESC (up 0.79%) and NHPC (up 0.19%), edged higher. JSW Energy (down 0.18%) and Jaiprakash Power Ventures (down 1.12%), edged lower.

Tata Power rose 1.55% to Rs 95.25. Tata Power announced after market hours today, 27 November 2017, that its wholly-owned subsidiary, Tata Power Solar Systems, India's largest integrated solar company, commissioned a rooftop project in India - a solar carport on the rooftop of the sprawling 70,000 square meter Unity One mall, a Unity Group endeavor in Rohini. The unique rooftop carport is estimated to set off 438 Tons of carbon emission annually. Tata Power Solar won the bid in the open tender process fielded by Delhi Metro Rail Corporation (DMRC) for multi-level car parking. The project has been envisaged under net-metering scheme enabling self -reliance in the energy consumption and production cycle. It enables the mall to receive real value of the energy produced by earning on the unused and excess solar electricity produced. It also cuts down the need to install a second meter or an expensive battery storage system as it is directly connected to the local power grid.

The Sensex has risen 964 points or 2.94% in eight sessions from its close of 32,760.44 on 15 November 2017. The Sensex has risen 511.31 points or 1.54% in November so far (till 27 November 2017). The Sensex has risen 7,097.98 points or 26.66% in the calendar year 2017 so far (till 27 November 2017). From a 52-week low of 25,717.93 hit on 21 November 2016, the barometer index has risen 7,970.70 points or 30.95%. The index has fallen 141.51 points or 0.42% from its record high of 33,865.95 hit on 7 November 2017.

Meanwhile, global ratings agency Standard & Poor's Ratings Services affirmed its 'BBB-' long-term and 'A-3' short-term sovereign credit ratings on the Republic of India. The outlook remains stable. The ratings on India reflect the country's sound external profile and improved monetary credibility. The announcement was made after market hours on Friday, 24 November 2017.

Asian stocks ended lower weighed by weakness in the Chinese and South Korean stocks. A drop in the Chinese industrial profits data also weighed down on the sentiment. China's industrial profits grew 25.1% in October compared to the year before, against a 27.7% rise seen in September.

The US investors are gearing up for a busy week, with President Trump scheduled to address Senate Republicans at their weekly luncheon Tuesday on taxes ahead of a potential vote on tax reform. Federal Reserve Chair Janet Yellen testifies before the congressional Joint Economic Committee in Washington, and the confirmation hearing for her nominated successor, Jerome Powell, begins.

On the data front, a survey of purchasing managers showed that businesses grew in November at the slowest pace in four months. The Markit flash manufacturing PMI fell to 53.8 from 54.6, while the flash services PMI fell to 54.3 from 54.6. A reading of 50 or better indicates improving conditions.

Today Jai Balaji Industries Ltd hit the upper circuit at  Rs.14.35. With the steel cycle turnaround in the offing and the government is coming out with sops for the scrap importers, most of the 2nd rung steel counters are expected to do well in the coming days. The scrip could make a new 52--week high in the days ahead.

A buy on COPPER suggested at around Rs.445.20, SL below Rs.442.50,for an intraday  Target of Rs.449.00. Copper touched Rs.551.700 today.

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Suzlon Energy Ltd (Rs.15) which was recommended to the clients of my associated brokerage house: BMA Wealth Creators Ltd, at around Rs.13.50-14 closed near the day's high of Rs.15.10. If the crude oil prices continue to boil in the international markets, then the stock of Suzlon Energy Ltd could make a new 52-week high in the coming days. 

The consumer electronics major Videocon Industries Ltd hit another buyer freeze at Rs.13.40 in the NSE. The company has  two large oil blocks on the verge of production in Indonesia and Brazil - the Indonesian block is likely to start production late next year or in early 2019 and the Brazilian field is expected to produce its first oil in 2020. Videocon Industries had consolidated outstanding debts of Rs 44,000 crore evenly divided between its domestic and overseas businesses, Dhoot said.  The company reported a consolidated gross debt of Rs 47,500 crore at the end of December 2015, the latest year for which the company’s audited financials are available. The risk taking investors should therefore accumulate the scrip in every decline, keeping a SL at Rs.11. 

Gitanjali Gems Ltd (Rs.93.15) which was recommended around Rs.66-67, recently, made a high of Rs.100 in the NSE today. It is pertinent to mention here that the scrip of Gitanjali Gems Ltd was recommended around Rs.38.75 on 15 October, 2015 on this blog.

~~ with inputs from Capital Market - Live News.