COMMODITY MARKET STRATEGY 28 August 2014

BASE METAL WRAP: Copper traded near the lowest in almost a week after China reported industrial profit growth slowed and before economic expansion data today from the U.S.

ENERGY WRAP: Gasoline fell after a government report showed U.S. output rose before the Labor Day holiday that marks the end of the country’s peak-demand driving season. West Texas Intermediate crude settled little changed.

PRECIOUS METAL WRAP: Gold futures dropped for the second time in three days on signs of waning investor demand for the metal as an alternative asset.

                                             

GLOBAL EVENTS TO WATCH: Private Capital Expenditure q/q, German Prelim CPI m/m, Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q, Pending Home Sales m/m, Natural Gas Storage.

TOP CORPORATE NEWS 26 August 2014

·        ONGC slumps on reports of disinvestment

ONGC fell nearly 4%, on reports of disinvestment. Government has decided to disinvest 5% stake in the company via offer for sale mechanism. The procedure of disinvestment is expected to be completed by the end of the month of September.

·        Havells India rises after stock split

Havells India jumped over 12% and after stock split. Havells India split each equity share of face value Rs5 each into five equity shares of Re1 each., with trading starting as of today, (August 26, 2014).

·        Reliance Power opts out of gas-fired power plant in Dadri

Reliance Power told the Supreme Court that it wasn't interested in setting up gas-fired power plant in Dadri, Uttar Pradesh, any more and would return about 956 acres of land acquired for the company to the state government.

·        L&T signs contract for 225 Mw

Bangladesh Power Development Board and Larsen & Toubro (L&T) have signed a contract to set up a 225 megawatt, gas-based power plant in sikalbaha, Chittagong in Bangladesh. The contract, which is valued at about $200 million, was secured by L&T in May, 2014.

INDIAN EQUITY MARKET STRATEGY- 05 August 2014

INDIAN BENCHMARKS trade in green ahead of RBI decision. The Reserve Bank of India is expected to keep interest rates steady while adopting tougher rhetoric on inflation at a policy review today due to growing concerns that disappointing monsoon rains will lead to a surge in food prices.

FURTHER, Power Grid Corporation of India Ltd has posted a net profit of Rs. 11365.10 million for the quarter ended June 30, 2014 as compared to Rs. 10403.40 mn for the quarter ended June 30, 2013. Tata Communications has posted a net profit at Rs125.65 crore Vs Rs231.71 crore YoY. Total Income is Rs1186.86 crore Vs Rs1205.11 crore.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 250cr, as per the provisional figures released by the NSE.

INDIAN EQUITY MARKET STRATEGY- 04 August 2014

INDIAN BENCHMARK open with a positive bias tracking positive cues from most of the Asian markets. Investors are likely to maintain cautious approach ahead of the RBI credit policy on August 05, 2014. In addition, the release of HSBC India Services PMI data on Tuesday will further add to market cautiousness.

FURTHER, TVS Motor Company reported a 32.15 per cent increase in its total sales at 2, 03,092 units in July 2014. The company had sold 1, 53,676 units in the same month last year. Syndicate Bank has fell 6% in otherwise firm market after the Central Bureau of Investigation has arrested S K Jain, chairman and managing director of the bank, for allegedly accepting bribes from private companies to extend credit facilities.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net buyers of Rs. 1074cr, as per the provisional figures released by the NSE.

Markets may open lower on weak global cues

Markets are likely to open in the negative territory tracking    weak global cues.

Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment.

The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected.

 

Problems in overseas economies added to the bearish tone, with Argentina defaulting on its debt for the second time in 12 years.

Stocks to watch:

Maruti Suzuki  India, the country’s largest car maker, reported a 20.7 per cent increase in net profit at Rs 762 crore for the financial year’s first quarter ended June.

 

JSW Steel, India’s third-largest steel maker, plans to invest $22 billion (about Rs 1,32,000 crore) through the next 10 years to raise its total capacity from 14.3 million tonnes (mt) to 40 mt by 2025.

 

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INDIAN EQUITY MARKET STRATEGY- 24 JULY 2014

INDIAN BENCHMARK opened on a flat note with a negative bias after yesterday's rally. Ipca Laboratories has dipped 6% after it has received certain inspection observations from the US Food and Drug Administration over manufacturing at its Ratlam plant in Madhya Pradesh.

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FURTHER, Cairn India has dipped 5% after reporting a sharp 65% year on year fall in its consolidated net profit for the April-June 2014 quarter at Rs 1,093 crore. Texmaco Rail & Engineering Ltd has decided to raise Rs.3bn for expansion and diversification.

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Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net seller of Rs. 292cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET STRATEGY- 23 JULY 2014

INDIAN BENCHMARK opened on a strong note with the Nifty starting to its all time high of a over 7,800.

FURTHER, Syndicate Bank plans to raise Rs 1,100 crore through a qualified institutional placement in the current financial year. KPIT Technologies reported a 17.1% rise in the Q1 net profit at Rs33.5 crore from Rs28.6 crore in the corresponding period previous year. On a sequential basis, net profit declined by 26.6%.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net buyers of Rs. 59cr, as per the provisional figures released by the NSE.

INDIAN EQUITY MARKET STRATEGY-22 JULY 2014

INDIAN BENCHMARK have opened on a firm note tracking positive trend in Asian markets. Moreover, worry over continuing tension in Ukraine and the Middle East has barely affected the investor sentiments.

FURTHER, Jindal Steel & Power Ltd has announced that Executive Sub-Committee of Directors has on July 21, 2014, allotted 17,816 equity shares of Re1 each in accordance with the terms of Company’s Employees Stock Purchase Scheme. Exide Industries Ltd has announced the results for the quarter ended June 30, 2014 net profit up 16.68% at Rs185.30 crore vs Rs158.80 crore (YoY). Total Income up 17.59% at Rs1921.10 crore vs Rs1633.68 crore.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 181cr, as per the provisional figures released by the NSE.