INDIAN BENCHMARKS ended with losses, highly volatile trading session… Nifty ends below 7650

INDIAN EQUITY BENCHMARKS fell second straight day with highly volatile trading session. The indices which flirted in the green zone for a while saw a sudden bout of selling in the second half.

·         Further, Mahindra & Mahindra Ltd.’s credit rating has been upgraded to AAA, by Credit Analysis & Research Ltd. (CARE). The rating agency assigned its highest ‘CARE AAA’ level of rating for the long-term bank facilities of M&M.

·         Bharti Infratel slumped 7.07%, as the floor price for offer for sale of shares by promoter Bharti Airtel was set at a discount to the stock's ruling market price.

The crucial resistance for Nifty is now seen at 7750 and above this 7840. Support for the immediate term is now placed at 7620 and next support will be 7595.

Weak global cues drag Sensex lower by 150 pts

Markets started the August series on a negative note with the Sensex down over 150 points owing to weak global cues. Selling pressure was visible across the sectors.

At 0920 hrs, the Sensex was down 159 points at 25,736 and the Nifty was down 55 points at 7,666.

The broader markets were no exception to the trend. The mid and smallcap indices dropped 0.7% in opening trades.

Sectors & Stocks

Power, Realty and capital Goods indices down 1% each were the major sectoral losers.

IT, Auto, Consumer Durables, Oil & Gas and Bankex indices slipped a little over 0.5% each.

Only six of the 30 stocks were in green on the Sensex.

Bharti Airtel up 2.5% continued its uptrend on reports that the company will sell more infrastructure in Africa. This is to reduce debt and cut capital expenditure on passive infrastructure.

Tata Motors, Maruti Suzuki, Cipla, Coal India and Hero MotoCorp up 0.2-0.7% rounded off the gainers list.

The market breadth was weak on the BSE. 906 stocks declined while 483 stocks advanced.

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CS PERFORMANCE MESSAGE: 31 July 2014

STOCK FUTURES:

FUTURES INTRADAY:

ARVIND LTD FUTURE SELL CALL 3TGT

UPL LTD FUTURE BUY CALL 3TGT

IRB INFRA FUTURE BUY CALL 2TGT

HCL TECH FUTURE SELL CALL 1TGT

NTPC FUTURE SELL CALL COST EXIT

MARUTI FUTURE SELL CALL COST EXIT

PREMIUM FUTURES:

NIFTY FUTURES:

NIFTY FUTURES SELL CALL 2TGT

OPTION:

DABUR INDIA 200 CALL BUY CALL 3 TG

AUROBINDO PHARMA 680 CALL 1TGT

CIPLA 450 CALL BUY CALL 1TGT

OPTION PREMIUM:

STOCK CASH:

STOCK CASH INTRADAY:

SUN TV BUY CALL 3 TG

INDOCO REMEDIES BUY CALL 3TGT

ABAN OFFSHORE BUY CALL 2TGT.

STOCK CASH PREMIUM:

Markets open flat; Axis Bank, Hindalco dip 1%

Sensex is down 13 points at 26,074 and the Nifty has lost 11 points to trade at 7,779.

Benchmark indices have opened flat with a negative bias on caution ahead of the expiry of July derivative contracts due later in the day.

 

At 9.15 hrs, the Sensex is down 13 points at 26,074 and the Nifty has lost 11 points to trade at 7,779.

 

The broader markets are trading in line with the benchmark indices. Both the mid and smallcap indices are up 0.2% each.

 

The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the U.S. economy while reaffirming that it is in no hurry to raise interest rates.

 

The U.S. central bank also, as expected, reduced its monthly asset purchases to $25 billion from $35 billion.

 

The Dow Jones industrial average .DJI fell 31.75 points, or 0.19 percent, to 16,880.36, the S&P 500 .SPX gained 0.12 points, or 0.01 percent, to 1,970.07, and the Nasdaq Composite .IXICadded 20.20 points, or 0.45 percent, to 4,462.90. The S&P 500 had traded lower ahead of the Fed announcement.

 

Asian markets are trading firm on Thursday following robust US economic data and as investors braced for Argentina to default on its debt for the second time in twelve years.

CS PERFORMANCE MESSAGE:

STOCK FUTURES:

FUTURES INTRADAY:

TATA MOTORS DVR FUTURE SELL CALL 3TGT

CESC FUTURE SELL CALL 3TGT

DLF FUTURE SELL CALL 3TGT

PFC FUTURE SELL CALL 1TGT

HUL FUTURES BUY CALL 1TGT

SUN TV FUTURES SELL CALL 1TGT

PNB FUTURES BUY CALL BOOKED AT 951

HCL TECH FUTURE BUY CALL COST EXIT

HAVELLS INDIA FUTURE SELL CALL SL TRIGRRED

PREMIUM FUTURES:

TATA MOTORS DVR FUTURE SELL CALL 3TGT

NIFTY FUTURES:

BANK NIFTY FUTURES SELL CALL 2 TG

NIFTY FUTURES SELL CALL 1 TG

OPTION:

DLF 200 PUT BUY CALL 3 TG

TCS 2500 CALL BUY CALL 1 TG

OPTION PREMIUM:

STOCK CASH:

STOCK CASH INTRADAY:

ARVIND LTD SELL CALL 3 TG

GRANULES INDIA SELL CALL 2TGT

STOCK CASH PREMIUM:

GLENMARK PHARMA BUY CALL 1TGT

INDIAN BENCHMARKS snap 8 day rally… Nifty below 7800.

INDIAN EQUITY BENCHMARKS fell after hitting a record high for a third straight day as investors booked profits after majority of the quarterly earnings announced by corporate Inc disappointed.
•    Further, Colgate Palmolive India Ltd has announced results for the quarter ended June 30, 2014 net profit down 27.16% at Rs134.91 crore vs Rs185.22 crore YoY. Total Income up 9.86% at Rs963.35 crore vs Rs876.81 crore YoY.
•    The government plans to sell a 5% stake in state-run Steel Authority of India Ltd (SAIL) this fiscal year ending March.

The crucial resistance for Nifty is now seen at 7850 and above this 7880. Support for the immediate term is now placed at 7750 and next support will be 7700.

   NEWS TO WATCH:

•    Watch out Quarterly Earnings of Bank of Baroda, Dabur India, L&T, HUL, Havells India, UPL on 28TH July 2014.

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INDIAN BENCHMARK record highs after Cabinet approval

INDIAN BENCHMARK record highs after Cabinet approval for a higher foreign direct investment limit in insurance and a rejig in foreign debt limits reinforced optimism about the government's reform agenda.

FURTHER, SKS Microfinance reported a flat net profit at Rs 49.3 crore in the April-June quarter over the year-ago period. The company had reported a net profit of Rs 49.69 crore during the same period last year. Tata Steel raised USD 1.5 billion (about Rs 9,000 crore) in a dual tranche bond sale in the international market, making it the largest such deal by the Tata group firm.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Thursday while the DIIs were net seller of Rs. 290cr, as per the provisional figures released by the NSE.

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INDIAN BENCHMARKS hit record high on FDI hike in insurance.

INDIAN EQUITY BENCHMARKS rose to a record high for a second straight session after cabinet approval for a higher FDI limit in insurance and a reorganization in foreign debt limits reinforced optimism about the government's reform agenda.

·         Further, Wipro has announced the results for the quarter ended June 30, 2014 net profit of the company rose by 54.49% to Rs 2067.20 crore Vs Rs 1338.00 crore YoY. Total Income increased by 18.62% to Rs 10574.50 crore Vs Rs 8914.30 crore YoY.

·         Ambuja Cements has announced results for the quarter ended June 30, 2014 net profit of the company rose by 26.06% to Rs 408.70 crore Vs Rs 324.20 crore YoY. Total Income increased by 16.61% to Rs 2858.14 crore Vs Rs 2450.91 crore YoY.

The crucial resistance for Nifty is now seen at 7850 and above this 7880. Support for the immediate term is now placed at 7770 and next support will be 7750.

 

NEWS TO WATCH:

·         Watch out Quarterly Earnings of Allahabad bank, Indian Bank, Just Dial, Kalindee Rail , PNB, UCO bank, Colgate, LIC Hsg Finance, Shriram Transport Finance  25^TH July 2014.

INDIAN BENCHMARKS end at record closing highs

INDIAN EQUITY BENCHMARKS gained for the seventh straight session to end at record closing highs led by gains in technology stocks on continued foreign-investor buying.

·         Further, Mcleod Russel India has announced results for the quarter ended June 30, 2014 YoY. The Company has posted a net loss of Rs32.00 crore Vs to net profit of Rs26.21 crore YoY. Total Income has decreased to Rs119.54 crore Vs Rs191.73 crore YoY.

·         Sun TV plunged 7.07%, after attorney general Mukul Rohatgi cleared the prosecution of promoter Kalanithi Maran’s brother and former Union minister Dayanidhi Maran by the CBI.

The crucial resistance for Nifty is now seen at 7810 and above this 7850. Support for the immediate term is now placed at 7752 and next support will be 7705.

CS PERFORMANCE MESSAGE:

STOCK FUTURES:

FUTURES INTRADAY:

ADANIPORT SELL CALL 3 TG

YES BANK FUTURES SELL CALL 3 TG

SUNTV FUTURES SELL CALL 3 TG

TCS FUTURES BUY CALL 3 TG

TATA MOTORS DVR FUTURES SELL CALL 2 TG

RELIANCE CAPITAL FUTURES SELL CALL 1 TG

PREMIUM FUTURES:

MRF FUTURES BUY CALL 3 TG

MRF FUTURES 2^ND BUY CALL 1 TG

NIFTY FUTURES:

NIFTY FUTURES SELL CALL 1 TG

OPTION:

DLF 220 PUT BUY CALL 3 TG

HINDALCO 190 CALL BUY CALL 1 TG

AXIS BANK 2000 PUT BUY CALL SL TRIGGERED

OPTION PREMIUM:

STOCK CASH:

STOCK CASH INTRADAY:

SKS MICRO FINANCE SELL CALL 3 TG

INDIA CEMENT SELL CALL 2 TG

MONNET ISPAT SELL CALL 2 TG

HCL TECH BUY CALL BOOKED AT 1550

STOCK CASH PREMIUM: