DAILY REPORT 22 nd JULY 2016 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asia markets opened lower on Friday, following losses in the US as oil prices weighed and the market consolidated ahead of next week's Fed meeting. Australia's benchmark ASX 200 was down 0.11 percent, with the energy sector dropping 0.61 percent in early trade. In South Korea, the Kospi was down 0.16 percent. The Nikkei 225 in Japan was down 0.93 percent, with stocks likely under pressure from a relatively stronger yen. The Japanese yen strengthened against the dollar overnight, with the currency pair trading at 105.79 on Friday morning, compared to levels near 107.15 traded on Thursday afternoon local time and near 100 two weeks earlier. The spike in the yen came after Bank of Japan governor Haruhiko Kuroda, in a BBC interview broadcast on Thursday, ruled out the possibility of "helicopter money" - the colloquial name for "money- financed fiscal programs" - to tackle deflation in Japan, amid building expectations that policymakers were gearing up to introduce more stimulus. The date the interview was conducted was not immediately clear. "The fact we've only seen a modest recovery in the [currency] pair suggests trader see very little appetite for this uber-unconventional policy change and we should see the Nikkei open on the back foot today," said Chris Weston, chief market strategist at brokerage IG. Previously, Japan's Kyodo News reported that the Japanese government was compiling a stimulus package of at least 20 trillion yen (USD 188 billion) to help the domestic economy emerge from deflation, and to fend off possible adverse effects from Brexit. The report cited sources close to the matter. Previous day Roundup Weak earnings concerns drag market on Thursday. The Sensex was down 205.37 points or 0.7 percent at 27710.52, and the Nifty slipped 55.75 points or 0.6 percent at 8510.10. About 1099 shares have advanced, 1588 shares declined, and 184 shares are unchanged. Axis Bank lost 4 percent, SBI fell 3 percent while BHEL, ICICI Bank and Dr Reddy's were major losers in the Sensex. Index stat The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 4.89 Pts], Capital Goods [down 157.38 pts], PSU [down 40.78 pts], FMCG [up 13.46 Pts], Realty [down 12.43 pts], Power [down 43.04 pts], Auto [down 145.35 pts], Healthcare [down 132.30 pts], IT [down 7.44 pts], Metals [down 58.73 Pts], TECK [ down 4.56pts], Oil& Gas [down 6.51 pts]. World Indices Index Value % Change DJI 18500.00 -0.38 S&P500 2164.00 -0.09 NASDAQ 5036.37 +0.13 FTSE100 6699.89 -0.43 NIKKEI 16660.01 -0.08 HANG SENG 21920.57 -0.36 Top Gainers Company CMP Change % Chg ACC 1704.00 72.20 4.42 ULTRACEMCO 3644.95 8.10 2.39 AMBUJACEM 266.85 4.85 1.85 INDUSINDBK 1135.40 16.90 1.51 ASIANPAINT 1041.05 12.50 1.22 Top Losers Company CMP Change % Chg AXISBANK 536.95 -21.30 -.382 BANKBARODA 151.85 -5.70 -3.62 POWERGRID 162.60 -5.75 -3.42 KOTAKBANK 760.50 -21.70 -2.77 SBIN 224.80 -6.35 -2.75 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg ACC 1704.00 72.20 4.42 AGRITEC 17.95 0.85 4.97 AMBUJACEM 266.85 4.85 1.85 ANANTRAJ 61.35 4.85 8.58 ASIANPAINTS 1041.05 12.50 1.22 ATUL 2170.00 18.45 0.86 BAGFILMS 6.40 1.05 19.63 Indian Indices Company CMP Change % Chg NIFTY 8510.10 -55.75 -0.65 SENSEX 27710.52 -205.37 -0.74 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg BIRLACOT 0.10 0.00 0.00 DBSTOCKBRO 17.45 -0.35 -1.97 DIGJAMLTD 12.05 0.60 4.98
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DAILY REPORT 22
nd JULY 2016
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asia markets opened lower on Friday, following losses in the US as oil prices weighed and the market consolidated ahead of next week's Fed meeting. Australia's benchmark ASX 200 was down 0.11 percent, with the energy sector dropping 0.61 percent in early trade. In South Korea, the Kospi was down 0.16 percent. The Nikkei 225 in Japan was down 0.93 percent, with stocks likely under pressure from a relatively stronger yen. The Japanese yen strengthened against the dollar overnight, with the currency pair trading at 105.79 on Friday morning, compared to levels near 107.15 traded on Thursday afternoon local time and near 100 two weeks earlier. The spike in the yen came after Bank of Japan governor Haruhiko Kuroda, in a BBC interview broadcast on Thursday, ruled out the possibility of "helicopter money" - the colloquial name for "money-financed fiscal programs" - to tackle deflation in Japan, amid building expectations that policymakers were gearing up to introduce more stimulus. The date the interview was conducted was not immediately clear. "The fact we've only seen a modest recovery in the [currency] pair suggests trader see very little appetite for this uber-unconventional policy change and we should see the Nikkei open on the back foot today," said Chris Weston, chief market strategist at brokerage IG. Previously, Japan's Kyodo News reported that the Japanese government was compiling a stimulus package of at least 20 trillion yen (USD 188 billion) to help the domestic economy emerge from deflation, and to fend off possible adverse effects from Brexit. The report cited sources close to the matter.
Previous day Roundup
Weak earnings concerns drag market on Thursday. The Sensex was down 205.37 points or 0.7 percent at 27710.52, and the Nifty slipped 55.75 points or 0.6 percent at 8510.10. About 1099 shares have advanced, 1588 shares declined, and 184 shares are unchanged. Axis Bank lost 4 percent, SBI fell 3 percent while BHEL, ICICI Bank and Dr Reddy's were major losers in the Sensex.
Index stat
The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 4.89 Pts], Capital Goods [down 157.38 pts], PSU [down 40.78 pts], FMCG [up 13.46 Pts], Realty [down 12.43 pts], Power [down 43.04 pts], Auto [down 145.35 pts], Healthcare [down 132.30 pts], IT [down 7.44 pts], Metals [down 58.73 Pts], TECK [ down 4.56pts], Oil& Gas [down 6.51 pts].
On the daily chart of DISH TV it has reversed from thetrend line support levels in previous trading session and bounced back lyesterday session with good move rose with incresed volumes .So we advise you to buy DISH TV above 99.50 for the targets of 100.50 102 with stop loss below 97.35 .
MACRO NEWS
Power supply deficit 0.9% in April-June quarter
Power generation utilities owe Rs 12,028 crore to Coal India
RBI can cut rates by 25 bps on Aug 9 if rains damp pulse price
Hyundai i20 sales cross 10-lakh units mark
L&T Hydrocarbon led consortium bags $1.6 billion order from Aramco
Seven Indian firms on Fortune 500; Rajesh Exports replaces ONGC
JSW Energy Q1 net profit rises 19% to Rs 367 crore
D B Corp Q1 net profit jumps 62% to Rs 104 crore
HDFC Bank Q1 net rises 20% to Rs 3,239 cr
Ashok Leyland Q1 net soars two-fold to Rs 291 cr
SBI plans fresh outreach to unbanked rural India
UK government arm pumps Rs 1,000 crore into IIFL Finance
Kotak Mahindra Bank to raise Rs 5,000 crore via bonds
Last trading session ASIANPAINT future give out-performed and close with bullish candlestick in daily chart.And stock close near major resistance level and since last session it rose with rising OI in long side . We may see sharp rise for that it will be good to buy above 1048 for the target of 1055-1065 with SL of 1039. 2.SBIN [FUTURE] I
n Last session SBIN Future show under pressure during the day.And cloed with bearish candlestick in daily chart, last session stock made a hgh of of 232.45 it is resistance level and stock take a reversal this level and made a low of 224.60. Since last session it fall with rising OI around 27% it is indicate profit booking at higher level, So we may seen sharp fall this stock ,we will adwise to sell around 228-228.50 for the target of 225-221 with stop loss of 232.50.
STOCKS IN NEWS Suzlon bags 58.8 MW project in Madhya Pradesh
Ambuja Cements gains 2% on Cabinet nod for stake buy in Holcim
IIFL Holdings jumps 10% as CDC plan to invest in finance arm
YNEWS
KPIT Technologies Q1 net profit jumps 30%
NHPC & BHEL sign MoU for Hydro Power Projects in overseas markets.
NIFTY FUTURE
NIFTY in last trading session open gape up and made a high of 8590 it’s major resistance level and only that too with slow down movement in first half and second half clearly show profit booking at higher level and closed with a bearish candlestick in daily chart. And decrease OI in nifty future, and last trading session nifty resistance at 8600. So We advise you to sell nifty around 8550-8555 for the targets of 8510-8450 with strict stop .loss of 8615.
Castor meal export continues to decline during week ended 17th ,July-2016 despite lower meal price.India exported only2012.65 tonne castor meal at an average price of 114.89 per tonne.taiwan ,Japan and Belgium were major buyers.As kharif planting season is on,castor meal farmers are using it at higher level as it is cheaper than other extractions.There is no scope forrecovery at export front in the near term
Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors widened their bets in the agri-commodity amid a pickup in physical demand for Cardamom in the domestic spot market. Further restricted supplies amid lower physical arrivals from the major Cardamom producing belts in the country also exerted upward pressure on domestic Cardamom prices.At MCX Cardamom futures for August 2016 contract is trading at Rs 918.40 per kg up by 0.34 per cent after opening at Rs 917 against a previous close of Rs 915.30. It touched the intra-day high of Rs 921
Black sea region wheat prices continue to reel under pressure due to incoming huge crop in Russia,Ukraine and weak global market.There is a glut like condition in Argentina,Canada,US and Australia.All exporting countries have enough marketing surplus from last year's crop while new crop started hitting the market in black sea region and .Wheat export from India continues with limited quantity as parity is not in favor of India. India exported 648.51 tonne wheat during week ended 17th July-2016 at an average FoB of $339.42 per tonne. India had exported 3466.31 tonne wheat at an average price of $339.42 per tonne.As prices in global market are very attractive opportunity for Indian exporters remains limited.There is no hope for any smart recovery at export front.
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TIME REPORT PERIOD ACTUAL CONSENSUS
FORECAST PREVIOUS
MONDAY, JULY 18
10 AM HOME BUILDERS' INDEX JULY -- 60
TUESDAY, JULY 19
8:30 AM HOUSING STARTS JUNE -- 1.164MLN
8:30 AM BUILDING PERMITS JUNE -- 1.136MLN
WEDNESDAY, JULY 20
NONE SCHEDULED
THURSDAY, JULY 21
8:30 AM WEEKLY JOBLESS CLAIMS 7/16 N/A N/A
8:30 AM PHILLY FED JULY -- 4.7
8:30 AM CHICAGO FED NATIONAL INDEX JUNE -- -0.51
10 AM EXISTING HOME SALES JUNE -- 5.53 MLN
10 AM LEADING INDICATORS JUNE -- -0.2%
FRIDAY, JULY 22
9:45 AM MARKIT MANUFACTURING PMI FLASH JULY -- 51.3
