Pre-Session: Market set to surge in early trade

14-Dec-17: Market may surge in early trade on positive global cues after the US Federal Reserve raised interest rates for the third time this year. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could surge 51 points at the opening bell.

Overseas, Asian stocks edged higher after Federal Reserve raised rates for the third time this year. US stocks rose yesterday, 13 December 2017, with the Dow posting a record closing, after the Federal Reserve hiked interest rates. Investors also digested news of Congressional leaders reaching a tentative agreement on a tax overhaul plan.

The Fed raised interest rates by a quarter point after the conclusion of its two-day policy meeting yesterday, 13 December 2017, in a move that was widely expected by markets. That increased the central bank's target range to between 1.25% and 1.5%. The Fed also raised its GDP forecast from 2.1% to 2.5%. Its inflation forecast was raised from 1.6% to 1.7%.

A meeting of the European Central Bank (ECB) is scheduled today, 14 December 2017, to announce its interest rate decision. The ECB held its benchmark refinancing rate at 0% on 26 October, as widely expected, and decided to reduce its quantitative easing programme to a monthly pace of €30 billion from January with the option of extending it in September 2018.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 578.65 crore yesterday, 13 December 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 116.48 crore yesterday, 13 December 2017, as per provisional data.

Among corporate news, Rural Electrification Corporation (REC) said it has launched an issue of $400 million, 3.068% notes due 2020, priced on 11 December 2017. The notes will mature on 2020 and all principal and interest payments will be made in US dollars. The settlement date for the notes is expected to be 18 December 2017. The announcement was made after market hours yesterday, 13 December 2017.

The net proceeds from the sale of the notes will be applied for refinancing the outstanding external commercial borrowings of the company within the ambit of the ECB Guidelines and such other guidelines specified by the Reserve Bank of India (RBI).

On the macro front, the government will announce inflation data based on wholesale price index (WPI) for November at 12:00 IST today, 14 December 2017. Wholesale prices rose 3.59% year-on-year in October, following a 2.6% increase in September.

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

The stock market registered modest losses in a highly volatile session of trade yesterday, 13 December 2017. The Sensex had fallen 174.95 points or 0.53% to settle at 33,053.04, its lowest closing level since 7 December 2017.

Today's Calls:
#Intraday Buy Titan Ltd at around Rs.823-825, SL: Rs.815, T: Rs.841.
#Intraday Sell Punjab National Bank Ltd at around Rs.168.50-169, SL: Rs.172, T: Rs.164. The stock of PNB is now at Rs.168.35. But Ignore this recommendation. Call Closed. 
#Intraday Sell Tata Motors DVR at around Rs.222, SL:  Rs.226.5, T: Rs.217. Exit near the cost price. Call Closed.
#Intraday Sell Silver around Rs.37500, SL above Rs.37750, T: Rs.37100.

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

Market Pulse

The stock market reversed intraday losses to enter into positive terrain in mid-morning trade. Key indices started the session on a subdued note and traded in negative zone till morning trade on mixed Asian cues, data showing surge in India's consumer price inflation and a moderate growth in industrial production. Indices reversed losses in mid-morning trade.

The S&P BSE Mid-Cap index rose 0.23%, underperforming the Sensex. The S&P BSE Small-Cap index advanced 0.4%, matching the Sensex's gains in percentage terms.

Overseas, Asian stocks were mixed as investors awaited the conclusion of the Federal Reserve's two-day policy meeting. US stocks rose yesterday, 12 December 2017 amid growing optimism that Republican lawmakers would be able to revamp the corporate tax system. Wall Street also looked to the Federal Reserve as its two-day policy meeting kicked off.

The US Federal Reserve's Federal Open Market Committee (FOMC) two-day meeting which began yesterday, 12 December 2017, on interest rate decision, concludes later in the global day today, 13 December 2017. The Federal Reserve left the target range for its federal funds rate unchanged at 1% to 1.25% during its November 2017 meeting as widely expected.

Closer home, the breadth, indicating the overall health of the market, was positive. On the BSE, 1,337 shares rose and 971 shares declined. A total of 131 shares were unchanged.

IT stocks nudged higher. Tech Mahindra (up 0.96%), TCS (up 0.71%), Persistent Systems (up 0.47%), Oracle Financial Services Software (up 0.35%) and Infosys (up 0.34%) gained. HCL Technologies (down 0.73%) edged lower.

On the macro front, the all-India general inflation based on the consumer price index (CPI) surged to 4.88% in November 2017, compared with 3.58% in October 2017. The core CPI inflation increased to 4.69% in November 2017 compared with 4.4% in October 2017. The inflation data was released by the government after market hours yesterday, 12 December 2017.

India's industrial production rose at moderated pace of 2.2% in October 2017 over October 2016, while showing a deceleration in growth from 4.1% increase in September 2017, data released by the government after market hours yesterday, 12 December 2017 showed.

Today's Calls:

#Buy MBL Infrastructure Ltd at around Rs.24, for a short term target of Rs.31. The Company could emerge as India’s first road-builder to achieve a successful insolvency resolution on about Rs 1,700 crore of outstanding loans, with the promoter agreeing to infuse more capital into the business, two people familiar with the process told ET.  MBL promoter Anjanee Kumar Lakhotia will now bring in about Rs 120 crore, nearly five times more than the capital he had promised initially, one of the people cited above said.
According to a report in Financial Express, 16, November, '17: Recently, NHAI had modified the model concession agreement (CA) of HAM projects to address the developers’ challenges during the construction phase as well as aid the liquidity situation during the initial period of implementation. Maulesh Desai, associate director, CARE Ratings, is of the view that the timely release of funds towards the construction cost has increased confidence among lenders for the new model. Desai added that he expects issues related to right of way (RoW) to be resolved by NHAI in the near to medium term, resulting in increased traction in the execution of projects awarded till FY17. I am expecting the stock to give multi-bagger returns going forward. 

#The shares of Sulon Energy Ltd (Rs.13.70) could do well, as the Crude Oil prices are moving up in the international markets. The company was able to cut short its debt portfolio during the last couple of years, substantially. Buy with a short term target of Rs.22.

#The shares of Uttam Galva Steels Ltd, in which the world's largest steel maker ArcelorMittal had bought 29.05% stake in 2009, is consolidating around the CMP of Rs.23. You should accumulate the scrip in every decline, as according to a report published in The Business Standard, November 30, 2017 ArcelorMittal has made a strong pitch as an eligible bidder for distressed assets currently going through insolvency resolution. In other words they could increase their stake in Uttam Galva Steels Ltd.

#My recommended SKM Egg Products Ltd (Rs.101) at around Rs.78, today touched Rs.1020.90 intra-day, up  more than 13%%, intraday. Those who are still holding the share can book at least 50% of profits and hold the rest with a SL of Rs.97.

~~ with inputs from Capital Market - Live News

Pre-Session: Flat opening on cards

13-Dec-17: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 4.50 points at the opening bell.

Overseas, Asian stocks were mixed as investors awaited the conclusion of the Federal Reserve's two-day policy meeting. US stocks rose yesterday, 12 December 2017 amid growing optimism that Republican lawmakers would be able to revamp the corporate tax system. Wall Street also looked to the Federal Reserve as its two-day policy meeting kicked off.

The US Federal Reserve's Federal Open Market Committee (FOMC) two-day meeting which began yesterday, 12 December 2017, on interest rate decision, concludes later in global day today, 13 December 2017. The Federal Reserve left the target range for its federal funds rate unchanged at 1% to 1.25% during its November 2017 meeting as widely expected.

Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 843.20 crore yesterday, 12 December 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 853.67 crore yesterday, 12 December 2017, as per provisional data.

Among corporate news, Wipro will be watched. Topcoder, the world's largest workforce marketplace for designers, developers, and data scientists, announced the launch of Hybrid Crowd, an extension of the Topcoder platform that enables enterprises to crowdsource work to public, private, and certified communities. Topcoder became a part of Wipro in November 2016. Hybrid Crowd is a first-of-its-kind platform that combines the power of Topcoder's 1.2 million member global community with the networks of technical talent that exist within every organization. Enterprises now have access to an integrated platform for crowdsourced talent which they can utilize to provision work to the right people at any stage of a project. The announcement was made after trading hours yesterday, 12 December 2017.

Bharti Airtel and Warburg Pincus, a global private equity firm focused on growth investing, announced that an affiliate of Warburg Pincus will acquire up to a 20% equity stake in Bharti Telemedia, the DTH arm of Airtel, for approximately $350 million. Of this, 15% stake will be sold by Bharti Airtel and the balance by another Bharti entity which holds 5% stake. Upon closing of the transaction, Airtel will own an 80% equity stake in Bharti Telemedia. The announcement was made after trading hours yesterday, 12 December 2017.

Bharti Telemedia is one of the largest Direct-To-Home (DTH) paid TV service providers in India and offers services under the Airtel TV brand. It had approximately 14 million subscribers and approximately $550 million in revenues during the 12-month period ended 30 September 2017.

On the macro front, the all-India general inflation based on the consumer price index (CPI) surged to 4.88% in November 2017, compared with 3.58% in October 2017. The core CPI inflation increased to 4.69% in November 2017 compared with 4.4% in October 2017. The inflation data was released by the government after market hours yesterday, 12 December 2017.

India's industrial production rose at moderated pace of 2.2% in October 2017 over October 2016, while showing a deceleration in growth from 4.1% increase in September 2017, data released by the government after market hours yesterday, 12 December 2017 showed.

The stock market registered modest losses yesterday, 12 December 2017, after previous three sessions of gains. The Sensex had fallen 227.80 points or 0.68% to settle at 33,227.99, its lowest closing level since 7 December 2017.

~~ Powered by Capital Market - Live News

Market Pulse

Key benchmark indices witnessed a downward trend in early trade. The Sensex is now trading at 33,379.02 down 76.77 points or 0.23%. The Nifty is now trading at 10,291.20 down 31.05 points or 0.30%.

The S&P BSE Mid-Cap index fell 0.1%. The S&P BSE Small-Cap index declined 0.04%. Both the indices outperformed the Sensex.

Overseas, Asian stocks edged higher following a strong lead from Wall Street overnight. US equities closed higher yesterday, 11 December 2017, reversing earlier weakness following a terror incident near New York City's Times Square. The Dow Jones Industrial Average and the S&P 500 notched record closing highs.

The US Federal Reserve's Federal Open Market Committee (FOMC) starts its two-day meeting on interest rates later in global day today, 12 December 2017. The US Federal Reserve will announce its interest rate decision tomorrow, 13 December 2017. The Federal Reserve left the target range for its federal funds rate unchanged at 1% to 1.25% during its November 2017 meeting as widely expected.

Closer home, the breadth, indicating the overall health of the market, was positive. On the BSE, 634 shares rose and 588 shares declined. A total of 47 shares were unchanged.

Asian Paints fell 1.91% at Rs 1,106.50. The company said that it purchased the balance 49% stake in the kitchen solution provider company, Sleek International, from Ahuja Family and the shareholders agreement dated 8 August 2013 with the Ahuja Family has been terminated. Sleek has now become a wholly-owned subsidiary of the company. The announcement was made after market hours yesterday, 11 December 2017.

On 8 August 2013, Asian Paints had announced that it acquired 51% stake in Sleek from the Ahuja family by entering into a shareholders agreement with the Ahuja family and Sleek.

On macro front, the government will announce industrial production data for October today, 12 December 2017. India's industrial production increased by 3.8% year-on-year in September, following an upwardly revised 4.5% gain in the previous month in August.

The government will announce today, 12 December 2017, inflation data based on consumer price index (CPI) for November. Consumer prices increased 3.58% year-on-year in October, above 3.28% in September.

Today's Calls:

#Intraday Sell Indian Bank Ltd at around Rs.385.5, SL:N Rs.389, T: Rs.378.

#Intraday Sell Pidilite Industries Ltd at around Rs.893, SL: Rs.901, T: Rs.878-872. Book Partial Profit around Rs.885.
1st target of Rs.878, almost achieved--made a low of Rs.878.60, till now. Book Full Profit at around Rs.874.80.

#Suzlon Energy Ltd (Rs.13.85) is consolidating around the price range of Rs.13.85-13.80. Suzlon Energy had in June, '17 approved allotment of 79.70 lakh shares on conversion of 2,046 foreign currency convertible bonds, maturing in July 2019, at ₹15.46 each. The conversion rate for the equity share allotment is ₹60.225 per dollar. Following the allotment, the paid-up capital of the company has increased to ₹1,038.41 crore.
Meanwhile, the auction in the Wind and Solar Energy space has commenced. Moreover, due to less capacity addition in FY18, there are chances of energy prices firming-up in the coming days. Moreover, India has an ambitious target of 175,000 megawatt (MW) of renewable power by 2022. India, at present, has an installed capacity of 60,157 MW renewable power and a rapid development is expected in the next five years.
Besides, aiming to address the quality issues in India’s rapidly growing renewable energy sector, the union ministry of new and renewable energy (MNRE) has come out with a new policy for “testing, standardisation and certification” of products in the renewable energy sector. The policy also aims to develop standards for all renewable energy equipment in line with the international practices.The concerns of the government are not ill-founded as voices have been raised about poor quality Chinese solar modules— rejected by developers—being sold in the Indian market at a discount. This is likely to help the reputed players in this space, like Suzlon Energy Ltd. I am looking for targets of Rs.19-22, by March, '18.
Most of its non-auction based order book has power purchasing agreements (PPAs) and is executing them. The rest of the orders are in the process of obtaining PPAs. So, the whole 1,562-megawatt (MW) order book (231MW solar and 1,331MW wind) is intact and executable.
In terms of commissioning volumes, the market is expected to see slower growth in the current fiscal, compared with the year gone by. But Suzlon expects to continue to gain market share—it aims to increase it from 32% in 2016-17 to 40% in the current fiscal—helping it outdo industry performance. In another development, Brent crude oil prices have climbed past $65 a barrel on Forties pipeline shutdown. This has pushed the shares of my recommended Aban Offshore Ltd to around Rs.207 today. This development is likely to give a positive movement to the shares of Renewable Energy companies like Suzlon Energy Ltd.
Anyway, the FCCBs has been priced at around Rs.15.46 and hence in any case the share should move above Rs.15. Or in the current scenario, the share price should invariably trade above Rs.15, the 1st resistance coming at Rs.15.20. Yesterday, the percentage of  Deliverable Quantity to Traded Quantity
in Suzlon Energy Ltd was whooping 38.51% -- this shows that large scale accumulation is going in the scrip by the informed investors.

#Jai Balaji Industries Ltd today hit the Upper Circuits at around Rs.22.05 and is now trading at around Rs.21. The scrip which was recommended around Rs.12-14, gave good returns to the investors in the short term. However, I would suggest non-risk taking investors to book full profits in Jai Balaji Industries Ltd at around Rs.21-22 and shift to Uttam Galva Steels Ltd at around Rs.23.50-24, which has a similar story, but has not moved up. Having said that, if you are thinking of taking too much risk in Jai Balaji Industries Ltd, then you can hold the scrip with a SL of Rs.18.6 -- there is a very strong resistance at Rs.24.
Meanwhile, the Billionaire Lakshmi Mittal’s ArcelorMittal recently said that its 29% equity stake in Uttam Galva Steels Ltd will not impede them from participating in bidding for stressed steel assets in India. 

#Today Shilpi Cable Technologies Ltd tanked to around Rs.13, but according to my close sources the company is functioning normally. In case if you are too apprehensive after buying the share, then please do put at SL at Rs.12.50. I on the contrary feel that the downside is limited, and it has huge upside, especially when the Sensex is above 33k.

#Today Unitech Ltd touched Rs.8.30, due to sustained buying, however, I feel for the time being you should book complete profit and let the stock to stabilize before it again jumps above Rs.8.30. I think you have read the media reports that Unitech Ltd's management has moved the honouable Supreme Court after NCLT recently invoked the provisions of the Companies Act, allowed the central government to take over the Unitech Limited and appoint its nominee directors in the Board of the firm.

#P C Jewellers Ltd recommended at around Rs.396, last Thursday, today touched Rs.450.90. I feel most of you by now have booked profit in the counter. If you remember, I have recommended this stock several times in this blog. If I can recollect correctly, I started recommending this stock from around Rs.82-84, in this blog.

#Those who are still holding the shares of SKM Egg Products Ltd (Rs.90), should keep a SL at Rs.86. The poultry is expected to do well in the coming days, with the rise in population. But I am not too bullish in this scrip, as of now.

#The shares of Prakash Industries Ltd, an integrated steel player with mines, today touched Rs.154.80. I  had recommended this stock several times in this blog starting from Rs.41-42; during the last few years. The steel sector is showing a turnaround and most of players is expected to do well in the coming few months.

#Energy Development Ltd (Rs.28) is on fire today. You can hold the stock with a strict stop loss of Rs.26. This is Amar Singh and Jaya Prada company. In stock market you need to buy and hold a scrip with appropriate stop losses in place, to make money on a consistent basis.

~~with inputs from Capital Market - Live News

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.

~~ Powered by Capital Market - Live News..

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.

~~Powered by Capital Market - Live News..

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.

~~ Powered by Capital Market - Live News..

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.”

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