Markets maintain gains led by pharma shares; Lupin up 7%

Benchmark share indices continued to hold on to their gains in noon trade on Monday with Lupin emerging as the top gainer following the USFDA clearance for it Goa unit.

the S&P BSE Sensex was up 209 points at 27,483 and the Nifty50 was up 76 points at 8,506. In the broader markets, the BSE Midcap and Smallcap indices were up 1.3%-1.6% each. Market breadth was strong with 2006 gainers and 596 losers on the BSE.

Foreign institutional investors were net sellers in equities worth Rs 343 crore on Friday, as per provisional stock exchange data.

Lupin was up over 7% after the pharma major said that it has received Establishment Inspection Report (EIR) from the US health regulator for its Goa plant leading to closure of all outstanding inspections of the facility.

Among other pharma shares, Sun Pharma and Dr Reddy's Labs were up over 1.7% each. In the broader markets, Glenmark Pharma, Aurobindo Pharma, Neuland Labs, Dishman Pharma, were up over 4% each.

PNB was up over 5% post the listing of its housing finance arm.

ICICI Bank was up 1.7% ahead of its second quarter earnings due for release today.

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Nifty ends below 8450, Sensex falls over 150pts; pharma bleeds

The market has ended in red for 5th consecutive day. The Sensex was down 156.13 points or 0.6 percent at 27274.15, and the Nifty slipped 51.20 points or 0.6 percent at 8433.75. About 698 shares have advanced, 2205 shares declined, and 119 shares are unchanged.

Sun Pharma, Dr Reddy's Labs, Lupin, Hero and Coal India were top losers while ITC, Wipro, M&M, HUL and ICICI Bank were losers in the Sensex. 

Larsen & Toubro dropped 2 percent after the government offloaded 1.6 percent stake in early trade.

However, ITC retained its top position in the buying list, up 4 percent after the GST panel fixed rates.
Watch and jewellery maker Titan Company missed analysts' expectations on topline and bottomline front but margin was ahead of estimates. Profit grew by 23.5 percent year-on-year to Rs 180.7 crore in the quarter ended September 2016.

Revenue during the quarter fell 0.2 percent to Rs 2,675.7 crore on yearly basis, impacted by degrowth in watch business and muted growth in jewellery segment.

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CS ROCKING PERFORMANCE OF THE DAY - 03 NOV 2016

STOCK FUTURES:

FUTURES INTRADAY:

PETRONET FUTURE SELL  call  final tgt

VEDL  FUTURE BUY  call  final tgt

PREMIUM FUTURES:

HINDALCO FUTURE BUY CALL 2 TGT

HDIL FUTURE SELL CALL 1 TGT

NIFTY FUTURES:

BANKNIFTY FUTURE SELL CALL 1 TGT

OPTION

OPTION PREMIUM:

STOCK CASH

STOCK CASH INTRADAY:

PIIND CASH BUY CALL 2 TGT

EMAMILTD BUY CALL ON HOLD.

STOCK CASH  PREMIUM:

STOCK SUPER PREMIUM

EQUITY KING CALL

YESBANK FUTURE SELL CALL BOOKED FULL 

OPTION STRATEGY

NTPC CALL 160 ON HOLD 

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India to launch clean energy equity fund of up to $2 billion

The Indian government and three state-run firms will jointly set up an equity fund of up to $2 billion for renewable energy companies to tap into to help New Delhi meet its clean energy goals, two government sources told Reuters on Wednesday. 

Private and public companies will be able to dip into an initial amount of more than $1 billion starting next fiscal year, said the sources with direct knowledge of the decision taken after a meeting of government officials more than a month ago. India's government hopes the Clean Energy Equity Fund (CEEF) will attract pension and insurance funds from Canada and Europe. 

Around $600 million of the initial pool will come from the National Investment and Infrastructure Fund, under the finance ministry, and the rest from state entities NTPC Ltd, Rural Electrification Corp and the Indian Renewable Energy Development Agency, according to one of the sources. 

Prime Minister Narendra Modi has set a target of raising India's renewable energy target to 175 gigawatts by 2022, more than five times current usage, as part of the fight against climate change by the world's third-biggest greenhouse gas emitter and to supply power to all of the country's 1.3 billion people. 


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Sensex, Nifty rangebound; Hindalco surges 6%, Maruti Suzuki flat

Equity benchmarks remained rangebound in noon trade with the Nifty hovering around 8640 level. HDFC Group and metals stocks continued to support the market while healthcare and technology stocks were under pressure.

The 30-share BSE Sensex rose 29.21 points to 27959.42 and the 50-share NSE Nifty gained 22.85 points at 8648.55. The market breadth turned positive as about 1391 shares advanced against 1196 declining shares on the BSE.

Maruti Suzuki lost early gains to trade flat after it disappointed analysts with its October sales despite being a festival month (Dussehra and Diwali). It sold 1.33 lakh vehicles during the month, down 0.3 percent compared with 1.34 lakh units sold in year-ago period, dragged by exports and muted growth in domestic sales. It was worst on month-on-month basis as sales fell 10.3 percent. September sales had grown 31 percent.

Hindalco Industries was the biggest gainer on Nifty, up nearly 6 percent followed by Eicher Motors, HDFC, Bharti Infratel, BHEL, NTPC and Tata Steel with 2-3.5 percent upside. Infosys, TCS, Tata Motors, Axis Bank and ONGC declined 1-1.5 percent.

Asian stock markets were mixed with Chinese markets higher, as Reserve Bank of Australia and Bank of Japan left monetary policy unchanged.

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DAILY NIFTY SMART MOVERS & TOP LAGGARDS - 28 OCT 2016

DAILY NIFTY SMART MOVERS

SCRIPTS	PRICE	VOLUME             (IN 000’S)		PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Tech Mahindra	435.60	11985.63		414.10	5.19	21.50
Bajaj Auto	2856.00	747.72		2761.50	3.42	94.50
Tata Motors - DVR	349.80	1488.27		338.80	3.25	11.00
Zee Entertainment	519.55	2871.96		504.35	3.01	15.20
Tata Motors	537.60	5307.27		522.00	2.99	15.60

DAILY NIFTY TOP LAGGARDS                      

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
ICICI Bank	275.80	15625.91	284.30	-2.99	-8.50
Bharti Infratel	344.75	1598.40	353.75	-2.54	-9.00
Eicher Motors	24006.30	91.57	24491.85	-1.98	-485.55
Cipla	575.35	814.10	585.75	-1.78	-10.40
Idea Cellular	76.20	6092.34	77.50	-1.68	-1.30

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 28 OCT 2016

CS NIFTY FUTURES (NOV) OVERVIEW

TREND MIXED TO BEARISH

RES2:8725

RES 1:8675

SUP1:8625

SUP2:8575

CS BANK NIFTY FUTURES (NOV) OVERVIEW

TREND MIXED TO BULLISH

RES 2:19825

RES 1:19705

SUP1:19425

SUP2:19275

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DAILY NIFTY SMART MOVERS & TOP LAGGARDS - 26 OCT 2016

DAILY NIFTY SMART MOVERS

SCRIPTS	PRICE	VOLUME             (IN 000’S)		PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Idea Cellular	78.75	17831.39		75.30	4.58	3.45
Kotak Mahindra Bank	811.15	4296.72		786.55	3.13	24.60
Hero MotoCorp	3419.10	572.05		3355.55	1.89	63.55
Bharti Airtel	317.50	5527.50		311.80	1.83	5.70
Maruti Suzuki	5876.80	560.26		5781.45	1.65	95.35

DAILY NIFTY TOP LAGGARDS                      

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Axis Bank	488.00	37586.52	529.10	-7.77	-41.10
Tata Motors - DVR	343.95	1160.91	363.25	-5.31	-19.30
Tata Motors	531.60	6026.22	553.80	-4.01	-22.20
ICICI Bank	278.70	26571.01	289.25	-3.65	-10.55
Tata Steel	402.30	7216.32	415.25	-3.12	-12.95

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 25 OCT 2016

CS NIFTY FUTURES (OCT) OVERVIEW

TREND MIXED TO BULLISH

RES2:8825

RES 1:8765

SUP1:8675

SUP2:8625

CS BANK NIFTY FUTURES (OCT) OVERVIEW

TREND MIXED TO BULLISH

RES 2:20175

RES 1:19925

SUP1:19750

SUP2:19575

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 24 OCT 2016

CS NIFTY FUTURES (OCT) OVERVIEW

TREND MIXED TO BULLISH

RES2:8825

RES 1:8755

SUP1:8655

SUP2:8605

CS BANK NIFTY FUTURES (OCT) OVERVIEW

TREND MIXED TO BULLISH

RES 2:19875

RES 1:19775

SUP1:19500

SUP2:19425

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DAILY EQUITY MARKET REPORT - 22 OCT 2016

INDIAN EQUITY BENCHMARK 

fell on Friday tracking declines in Asian peers as a stronger dollar weighed on crude oil prices, hurting investor risk appetite. The S&P BSE Sensex and CNX Nifty fell 0.19%-0.07% each.

 Career Point surged 6.92%, after the company received Rs 35 crore in its wholly owned subsidiary Career Point Infra from Career Point University, Kota towards assets sale transaction.

 Praj Industries dropped 5.35%, after consolidated net profit fell 39.32% to Rs3.04 crore on 1.79% fall in income from operations to Rs205.79 crore in Q2 September 2016 over Q2 September 2015.

GLOBAL FACE 

 Asian stocks ended mixed as string of mixed corporate earnings and a drop in oil prices clouded the outlook for the global economy. However, sentiment was supported by the European Central Bank’s indication that its ongoing QE plan may extend beyond the scheduled end date of March 2017.

 European shares inched higher on Friday, buoyed by a $47 billion tobacco buyout plan and some well-received earning updates from companies including Europe's largest software maker SAP.

 U.S. stock index futures poised for a higher opening at the Wall Street on Friday

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