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Sunday, 31 July 2016

Nifty hits 8700, Sensex strong ahead of GST meet; Hero up 6%

Sanjeev Prasad of Kotak Securities says the current bull market is a 'weird' one, in which fundamentals don't matter at all.

Speaking to CNBC-TV18, Prasad says the rally is being fuelled by massive inflows into exchange traded funds and that actively traded funds are not getting any meaningful money.

He says broadly the quarterly earnings have been far from impressive. While some key companies have reported strong bottomline growth, in many cases the rise has been driven by change in accounting rules, other income and such one-off factors.

Prasad says the topline growth for most companies have been quite weak.


                ===>> TOP MORNING CALLS <<===
  • BUY MARUTI FUTURE ABOVE 4850 TG 4870, 4910, 4950 SL 4820
  • BUY EMMBI INDUSTRIES ABOVE 124 TG 125.50, 127.50, 130 SL 122

Tuesday, 26 July 2016

Nifty opens above 8600, Sensex flat; Dr Reddy's tanks 8%

The market has opened flat with companies, that have posted dismal Q1 earnings, dragging indices. The Sensex is up 28.89 points or 0.1 percent at 28005.41, and the Nifty is up 10.55 points or 0.1 percent at 8601.20. About 291 shares have advanced, 117 shares declined, and 24 shares are unchanged. 

HDFC, Maruti, Asian Paints, Tata Steel and SBI are top gainers while Dr Reddy's Labs fell 8 percent. Other losers in the Sensex are Coal India, Sun Pharma, Axis Bank and Wipro.

The Indian rupee slipped in the early trade. It has opened lower by 6 paise at 67.33 per dollar versus 67.27 Tuesday.



                   ===>> TOP MORNING CALLS <<===
  • BUY JET AIRWAYS INDIA ABOVE 585 TG 589, 593, 599 SL 579
  • BUY INFRATEL LTD ABOVE 376 TG 379, 382, 386 SL 371


Monday, 25 July 2016

Future Enterprises gained 4.4% to Rs.20 on BSE

Future Enterprises gained 4.4% to Rs.20 on BSE. The company experienced a spurt in volumes by more than 3.25 times.

The scrip opened at Rs. 23.3 and has touched a high and low of Rs. 23.35 and Rs. 23.15 respectively. So far 15482(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1073.24 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 28.55 on 26-May-2016 and a 52 week low of Rs. 13.08 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 24.1 and Rs. 22.5 respectively.

The promoters holding in the company stood at 51.92 % while Institutions and Non-Institutions held 27.07 % and 21.01 % respectively.


                           ===> TOP MORNING CALLS <<===
BUY CANARA BANK FUTURE ABOVE 264 TG 264.75, 265.75, 267.25 SL 262.70
BUY SUN TV FUTURE ABOVE 439 TG 441, 444, 448 SL 436

Sunday, 24 July 2016

The market is still range-bound with the Nifty


The market is still range-bound with the Nifty above 8550. The 50-share index is up 23.40 points or 0.3 percent at 8564.60. The Sensex is up 58.19 points or 0.2 percent at 27861.43. About 1552 shares have advanced, 682 shares declined, and 126 shares are unchanged.

BHEL, SBI, HDFC, Maruti and ONGC are top gainers while Dr Reddy's, Axis Bank, Bajaj Auto, HUL and L&T are losers in the Sensex.

Oil prices dipped today, extending last week's losses on fresh worries about a global supply glut as more US rigs come back online and the dollar strengthens.

Both contracts sank Friday after a report showed the number of active US installations rose for a fourth straight week as firms are tempted to reopen them by the relatively higher prices. However, the increase in production adds to an already painful oversupply crisis.



               ===>> TOP MORNING CALLS <<===
BUY PFC FUTURE ABOVE 219 TG 219.75, 220.75, 222.25 SL 217.70
BUY FEDERAL BANK FUTURE ABOVE 65 TG 65.40, 66, 67 SL 64.40

Thursday, 21 July 2016

The market has opened flat

The market has opened flat on Friday. The Sensex is up 28.29 points or 0.1 percent at 27738.81 and the Nifty is up 9.55 points or 0.1 percent at 8519.65. About 286 shares have advanced, 121 shares declined, and 25 shares are unchanged.

ITC, Cipla, Adani Ports, BHEL and Sun Pharma are top gainers while TCS, ONGC, Infosys, NTPC and Wipro are losers in the Sensex.

The Indian rupee opened flat at 67.18 per dollar on Friday versus previous close of 67.17.Yen held steady after appreciating over 1 percent overnight, dollar index pared some of its gains, slipped below 97 mark.


BUY BIOCON FUTURE ABOVE 720 TG 723, 727, 732 SL 716
BUY BHARAT FINANCE LTD ABOVE 776 TG 782, 788, 796 SL 768
 
 
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