RBI is expected to raise the repo rate by 25 basis points!

Key benchmark indices edged lower on the first trading session of the week as the Reserve Bank of India (RBI) is expected to raise its main lending rate viz. the repo rate by 25 basis points after a monetary policy review tomorrow, 29 October 2013, on rein in inflation. The market breadth, indicating the overall health of the market, was negative. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit their lowest level in more than a week. The Sensex was down 113.24 points or 0.55%, off close to 200 points from the day’s high and up about 20 points from the days low.

The RBI Regional Office in Delhi. (Photo credit: Wikipedia)

Who Moved and Why

• Dabur India retracts from record high after strong Q2 earnings.
• Dabur India drops on profit booking after strong Q2 earnings.
• HOV Services hits the roof on buzz of SourceHOV sale.
• Ajanta Pharma hits record high after strong Q2 earnings.
• Shares of gold loan companies in demand.
• Neyveli Lignite drops after weak Q2 outcome.
•  Taj GVK Hotels drops after reporting net loss in Q2.
• Essel Propack jumps after strong Q2 earnings. 
• Bharat Gears hits the roof after stellar Q2 outcome.

Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/28th_Oct_equity_closing_update.pdf

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Market ekes out small gains!

Key benchmark indices eked out small gains as index heavyweight and cigarette major ITC rose. Most metal stocks rose. Two wheeler makers declined. Index heavyweight Reliance Industries dropped. Shares of Oberoi Realty jumped on the back of strong response to the Offer for Sale of the company’s shares by a promoter. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex closed 37.61 points up at 19893.65 & The CNX Nifty closed 8.40 points up at 5882.25.

India (Photo credit: Spicygreenginger)

Who Moved and Why

 

• Aarti Drugs slides on receiving USFDA warning letter

• BPCL gains after two block deals

• Gitanjali Gems slips as foreign fund offloads almost entire stake

• Tata Steel recovers on bargain hunting

• Bank of India gains after raising funds via bond issue

• Volumes jump at ABG Shipyard counter

• Petron Engineering gains on new order win

• Steelcast jumps 7.7% in 2 days on capex plans

• Shipping stocks in demand as Baltic Dry Index jumps

For detail analysis report please visit: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/26th_Sept_equity_closing_update.pdf

 

Fed maintains economic stimulus!

Key benchmark indices surged as world stocks rose after the US Federal Reserve after a monetary policy review on Wednesday, 18 September 2013, decided to maintain stimulus to the US economy through monthly bond purchases of $85 billion. Fed’s bond-buying program has been a source of liquidity for most Asian and emerging markets this year. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex closed 684.48 points up at 20646.64 & The CNX Nifty closed 216.10 points up at 6115.55.

English: Map shows the coverage of Bharti Airtel (an Indian telecom operator) across various countries of the world. (Photo credit: Wikipedia)

Who Moved and Why

1. PSU OMCs in demand
2. Yes Bank gallops on huge volume
3. IndusInd Bank vaults after block deal
4. Adani Enterprises spurts after block deal
5. Bharti Airtel gains after block deal
6. Kajaria Ceramics sparkles on foreign fund buying
7. Bharti Infratel jumps after block deal
8. Select stocks fall ex-dividend
9. Suzlon Energy gains after selling 75% in China arm for $28 million
10. Hind Rectifiers gains after winning orders

For detail analysis report please visit: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/19th_Sept_equity_closing_update.pdf

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Banking, auto stocks edge higher!

Key benchmark indices further pared intraday gains and hit fresh intraday low in early afternoon trade. Two-wheeler stocks rose on expectations of pickup in sales during the upcoming festive season and on hopes good rains this year will boost rural sales. Bank stocks gained across the board. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 10.50 points up at 19743.26 & The CNX Nifty was 2.60 points up at 5853.20. The Indian Rupee was 1.29% strong against USD.

Strides Arcolab (Photo credit: Wikipedia)

Who Moved and Why

1. L&T gains after winning orders
2. SSWL jumps after bagging export order
3. Two-wheeler makers in demand
4. Strides Arcolab slides after receiving warning letter from USFDA
5. Ranbaxy Labs slumps after FDA import alert
6. PSU OMCs gain after petrol price hike
7. Infosystems rallies on merger talks with HCL

Read detail analysis report here: – http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/16th_Sept_Mid%20Session%20Update.pdf

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Key benchmark indices regains positive zone!

Key benchmark indices regains positive zone in early afternoon trade after fallen in negative zone as Prime Minister’s Economic Advisory Council (PMEAC) sharply trimmed India’s GDP growth forecast to 5.30 % for the year ending 31 March 2014 (FY 2014).The market breadth, indicating the overall health of the market, was strong. The BSE Sensex was 33.50 points up at 19815.38 & The CNX Nifty was 23.30 points up at 5874.00. The Indian Rupee was 0.39% week against USD.

IL&FS Headquarters, Bandra Kurla Complex, Mumbai (Photo credit: Wikipedia)

Who Moved and Why

1) Adani Ports spurts after record coal handling from Mundra port
2) JSW Steel shines on reporting good production figures
3) IDFC extends Thursday’s gains
4) IL&FS Engineering hits the roof after bagging order
5) KEC International extends recent gains on new orders
6) Aurobindo Pharma gains after board OKs acquisition of Hyacinths Pharma
7) JSPL drops ex-dividend

For detail analysis report please visit: – http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/13th_Sept_Mid%20Session%20Update.pdf

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• Nifty hits fresh 6-1/2 week high (rrfinancialconsultants.wordpress.com)’

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Nifty hits fresh 6-1/2 week high

Key benchmark indices saw divergent trend in a highly volatile session of trade. Strong rupee aided recovery on the bourses in late trade. The barometer index, the S&P BSE Sensex, turned positive to regain the psychological 20,000 level in late trade only to provisionally settle below that level. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex closed 0.36 points up at 19997.45 & The CNX Nifty closed 16.40 points up at 5913.15. The Indian Rupee was 0.51% strong against USD.

English: Graph showing Indian rupee and U.S. dollar exchange rate from January, 1990. (Photo credit: Wikipedia)

Who Moved and Why

1) KEC International gains after securing new orders
2) Volumes jump at Gujarat Automotive Gears counter
3) Eros International Media firmly in the picture
4) Sadbhav Engg gains as it emerges as successful bidder for 2 projects
5) Cairn India drops along with crude oil price
6) HCL Tech scales record high
7) Geometric spurts on equity investment in Anark Corp
8) HOEC spurts 15.5% in 3 days
9) Aban Offshore drops ex-dividend

For detail analysis report please visit: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/11th_Sept_equity_closing_update.pdf

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• Sensex turns choppy after 4-day rally, rupee hovers around 64/dollar (profit.ndtv.com)

Rupee hits 3-week high of 63.19; Sensex falters (profit.ndtv.com)

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Market surges as rupee strengthens!

Key benchmark indices surged as a strengthening rupee boosted sentiment. The rupee strengthened against the dollar after Foreign Minister Salman Khurshid said in an interview to a business channel that the oil minister will on 16 September 2013 announce plans for lowering fuel consumption. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex closed 290.30 points up at 19270.06 & The CNX Nifty closed 87.45 points up at 5680.40.

BSE, Dalal Street (Photo credit: zadeus)

Who Moved and Why

1) Pipavav Defence slumps over 38% in 16 sessions
2) M&M Financial gains on signing MoU with Korean financial firm
3) Oil firms gain after Salman Khurshid’s comment
4) HOEC spurts as oil ministry approves commerciality of hydrocarbon in a block
5) Telecom stocks jump ahead of spectrum price meet
6) Volumes jump at VST Industries counter
7) Titan Industries drops after two bulk deals
8) MCX soars over 91% in 15 sessions

Read full detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/6th_Sept_equity_closing_update.pdf

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PM rules out capital controls!

Key benchmark indices surged after the rupee recovered in choppy trade after Prime Minister Dr. Manmohan Singh said in parliament that the government isn’t looking at imposing restrictions on the movement of capital out of the country as he sought to allay investor concerns that have lately hurt financial markets, especially the rupee which has declined sharply against the dollar this month. Intraday volatility on the bourses was quite high as the Sensex alternately swung between positive and negative zone. The BSE Sensex closed 404.49 points up at 18619.72 & The CNX Nifty closed 62.75 points up at 5471.80.

BSE, Dalal Street (Photo credit: zadeus)

Who Moved and Why

1) Colgate-Palmolive slides after a block deal
2) Financial Technologies tumbles to 52-week low
3) Info Edge (India) drops amid volatility after two block deals
4) Eros International Media firmly in the picture
5) Strides Arcolab drops on profit booking
6) Volumes jump at Hatsun Agro Product counter
7) JSPL tumbles as board approves buyback proposal
8) Cairn India drops along with crude oil price
9) Hatsun Agro turns volatile after multiple block deals

Find detail report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/30th_Aug_equity_closing_update.pdf

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Sensex provisionally up 2.25%

A recovery in the battered rupee, a slide in oil prices triggered by US President Barack Obama’s comments on Wednesday, 28 August 2013, that he hasn’t yet decided whether to launch an attack on Syria and weaker-than-expected report on US durable-goods orders which raised expectations that the Federal Reserve may delay plans to reduce its monetary stimulus to the US economy, aided a rally in Indian stocks. The BSE Sensex closed 404.49 points up at 18401.04 & The CNX Nifty closed 124.05 points up at 5409.05.

The graph of SENSEX from July 1997 to March 2011 (Photo credit: Wikipedia)

Who Moved and Why

1) L&T gains as consortium wins order from ONGC
2) Tata Motors gains on upgrade by foreign bank
3) ONGC recovers after 3-day 11.8% slide.
4) Volumes jump at Muthoot Finance counter
5) Axis Bank gains on bargain hunting
6) Concor gains as board to consider bonus issue
7) Sesa Goa extends recent gains
8) JSPL extends Wednesday’s gains on buyback proposal
9) Asian Paints recovers on bargain hunting
10) HDFC spurts on bargain hunting

For detail analysis report please visit:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/29th_Aug_equity_closing_update.pdf

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Hindustan Unilever hits record high!

Key benchmark indices edged higher as up move in global stocks boosted sentiment. Realty stocks also gained. FMCG major Hindustan Unilever scaled record high. Index heavyweight and cigarette maker ITC also hit record high. Bank stocks edged higher. Reliance Industries (RIL) reversed intraday gain in late trade. The market breadth indicating the overall health of the market was even. The BSE Sensex closed 143.01 points up at 20302.13 & The CNX Nifty closed 46.00 points up at 6077.08.

Who Moved and Why

• Shriram Transport Finance gains after Q1 results
  

  Hindustan Unilever (Photo credit: Wikipedia)

• L&T Finance Holdings turns volatile after good Q1 earnings
• Volumes jump at Fresenius Kabi Oncology counter
• Just Dial gains on strong FY 2013 earnings
• Asian Paints off 3.1% in 2 days after weak Q1 results
• RInfra gains as SPV commences road project in Rajasthan
• Fresenius Kabi gallops on Sebi’s nod for delisting offer
•  Select stocks drop ex – dividend numbers generate interest in ING Vysya Bank

 

Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/23rd_july_equity_closing_update.pdf

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