Nifty ends above 7550, Sensex strong; Sun Pharma, Infy drag the market records all time high volumes today, crossing the previous peak of Rs 5.33 lakh crore. What is unusual about today’s volumes is that for the first time BSE F&O turnover is higher than the NSE’s. In fact F&O turnover on the BSE today accounts for nearly 60 percent of overall turnover.
Who Moved and Why
1) NBCC jumps on receiving Navratna status.
2) Aviation stocks take off on decline in crude oil prices.
3) Jubilant Foodworks jumps after brokerage upgrade.
4) Shreyas Shipping gains after taking delivery of vessel.
5) PSU OMCs jumps as crude declines.
6) Havells India gains on stock split plan.
7) Adani Ports gains after completing acquisition of Dhamra Port.
8) PGCIL gains after board OKs investments.
9) Bajaj Hindusthan jumps after repayment of FCCBs on due date.
Read detail analysis report here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/24_june_equity_closing_update.pdf
Related Articles:- http://www.business-standard.com/article/news-cm/aviation-stocks-take-off-on-decline-in-crude-oil-prices-114062400403_1.html
7700 is a strong resistance for Nifty and a cross above this may take Nifty to near 8000. But Nifty has been unable to cross it till now and has fallen below its immediate support of 7640. If it remains below 7640 next week, it may fall further up to 7450-7300 zone. Below 7450, the momentum of nifty’s uptrend will slow down. At lower levels, 7300 is a strong support and it will be broken only if there is a very strong negative event.
Markets are suddenly faced with Geopolitical uncertainties and long positions have been unwound for the weekend. Monday markets will be crucial to test the above technical view and we therefore advise a wait & watch mode for Monday. For more news and updates visit:- http://www.rrfinance.com/Reserch/ResearchHome.aspx
- Over FY05-09, annual equity inflow from households was 5% of incremental savings. Even if we assume half of if it now (as the incentives for mutual funds no longer exist) it translates into $10 billion of retail equity inflows every year.
- Indian households have sold nearly $8 billion (about Rs 48,000 crore) of equities in the last five years and equity exposure to total household assets is just 2%, which is among the lowest ever. Retail investors have been largely shifting their holding towards physical assets from the financial assets.
- Investments of retail investors in equities have been coming down from Sep ‘12 and in spite the market rising sharply in the last six months there is no rise of retail participation in equities.
- Retail investors are still either redeeming equity mutual funds or are switching to debt at current levels. Reportedly stock brokers are seeing net selling of direct equity holdings by retail investors. The rise in markets despite the above is a clear indication that FIIs, FIs, and large investors are buying at current levels.
- With fall in inflation, real interest rates have turned positive and are expected to remain so in medium to long term. It will lead to higher financial savings by households and more investible funds.
There is a very strong contrarian indicator and it strengthens the view of medium term upward move in the markets. We recommend retail investors to increase their allocation in Equity Mutual Funds (based on their risk profile) for medium to long term appreciation at these levels.
Gold may not be able to enter an uptrend as long as it remains below 28800. It has breached the first support of speed resistance lines and within 4-8 months it may reach 25000 (its Jun 2013 low) which is an important 38.2% Fibonacci level as well as the second support by speed resistance lines. If support of 25000 is broken, gold may fall to 18000 by 2015 to 2016. We expect it to fall below 25k and it may reach 18000.
Improving global economies and falling risks is taking away the investors from investing in safe assets. Avoid investing in gold or gold ETF now. Rather invest in stocks or equity funds, check our earlier recommendations for selecting the right sectors and stocks.
For other reports please visit:- http://www.rrfinance.com/Reserch/ResearchHome.aspx
A bout of volatility was witnessed in late trade as key benchmark indices provisionally settled marginally lower after turning positive after cutting entire intraday losses. Investors remained wary ahead of the announcement of Federal Reserve’s monetary policy review later in the global day today, 30 April 2014. The market breadth, indicating the overall health of the market, was weak. The BSE Mid-Cap index fell nearly 1% and the BSE Small-Cap index slipped over 1%. Fed’s bond-buying program has been a source of liquidity for most Asian and emerging markets. The BSE Sensex closed at 22417.80 and 48.39 point down.
Equity Closing Update
Who Moved and Why
1) Marico turns volatile after Q4 earnings.
2) Shriram Transport Finance slips after weak Q4 numbers.
3) OBC slips on muted growth in Q4 net profit.
4) BASF India drops after weak Q4 results.
5) Strong Q4 result powers Swaraj Engines.
6) Advanta gains after strong Q1 earnings.
7) Cipla gains in volatile trade after clarification.
8) Kesoram Industries tumbles as net loss widens in Q4.
9) TVS Motor spurts 11.55% in two days on turnaround Q4 results.
Key benchmark indices edged lower, snapping two-day winning streak. The barometer index, the S&P BSE Sensex, close down 68.32 points or 0.32 %, up about 20 points from the day’s low and off close to 125 points from the day’s high. The market breadth, indicating the overall health of the market, was positive. Metal and mining stocks edged lower. Shares of Sesa Sterlite dropped on reports Central ureau of Investigation (CBI) has started a probe into possible irregularities in its stake buy in Hindustan Zinc. Most banking stocks edged lower.
Who Moved and Why
- Infotech Enterprises retracts from record high.
- L&T, L&T Finance Holdings edge higher.
- Alstom T&D India surges 8.7% in 3 days.
- Marico inches up amid volatility after a block deal.
- Kirloskar Electric gains after delivery of a transformer in Vietnam.
- GMR Infra takes off on prospects of exit from Istanbul airport project.
- T D Power Systems turns volatile after bulk deals.
Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/24th_Dec_equity_closing_update.pdf
Indian stocks surged today, 3 October 2013, on expectations that the US government’s partial shutdown could lead to the US Federal Reserve postponing tapering of monetary stimulus to the US economy. The rupee surged against the dollar. The market breadth, indicating the overall health of the market, was strong. Except BSE FMCG index, all the other sectoral indices on BSE were in the green. The BSE Sensex closed at 19902.07 and 384.92 point up.
English: Ashok Leyland Truck Modern New India (Photo credit: Wikipedia)
Who Moved and Why
- MOIL firms up after price hike.
- Sadbhav Engineering gains after receiving provisional completion certificate for 2 check posts.
- Jet Airways takes off on buzz of Sebi nod for Jet-Etihad deal.
- Zensar Tech gains after securing new orders.
- Steel Strips Wheels spurts after reporting record September sales.
- Cement shares jump on price hike report.
- Infosys gains after winning order.
- Ashok Leyland slips on weak September sales.
RR Research Information:- http://www.rrfinance.com/Reserch/ResearchHome.aspx