DAILY MARKET INSIGHTS – 26th Feb 2019

After market update – Markets end lower on Indo-Pak tensions

TFM Watch

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Indian Indexes

The benchmark indices ended lower on February 26, after Indian Air Force (IAF) conducted air strikes on a terror camp across the Line of Control (LoC) in Pakistan occupied Kashmir (PoK). The Sensex slipped by 0.66% or 239.67 points to 35973.71. The Nifty fell by 0.41% or 44.80 points to 10835.30.

Market breadth was in favour of declines with an advance-decline ratio of 1:2.

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Stocks in the news

1. Intellect Design secured multi-million dollar deal from Emirates NBD.

2. Britannia to replace Hindustan Petroleum in Nifty 50 from March 29, 2019.

3. Adani Enterprises emerged as highest bidder for Guwahati Airport.

4. Kotak Mahindra Bank approved raising of FII/FPI limit to 45% from 43%.

 

Buzzing stocks on BSE

1. Dewan Housing Finance Corporation fell by 4.21% to Rs.130.95, after ratings agency ICRA revised the short-term rating outstanding for the Rs.8,000 crore commercial papers of the company.

2. Max India rose by 3.23% to Rs.83, after reports of PE firm buying stake in Max Bupa Health Insurance Company.

Global Signals

Asian stock markets fell on February 26, as investors seek clarity on US-China trade.

European stock markets were also lower tracking weak Asian stocks on uncertainty over US-China trade details.

 

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DAILY MARKET INSIGHTS – 25th Feb 2019

After market update – Strong start to the week, Nifty near 10900

TFM Watch

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Indian Indexes

The benchmark indices resumed rally on positive global cues amid sharp gains in Infosys, TCS, HDFC Bank, ICICI Bank and ITC. The Sensex rose by 0.95% or 341.90 points at 36213.38. The Nifty surged by 0.82% or 88.45 points at 10880.10.

TCS, Grasim Industries, Yes Bank, Infosys and UltraTech Cement were top gainers on the Nifty, while Adani Ports, Bharti Infratel, BPCL, HPCL and Zee Entertainment were amongst the top losers.

Market breadth was in favour of advances with an advance-decline ratio of 3:2.

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Stocks in the news

1. Shilpa Medicare received USFDA nod for Gemcitabine Injection, used to treat cancer.

2. GST rates on under-construction houses cut to 5% from 12%.

3. Tata Elxsi collaborates with Portuguese company, NOS for digital operations solutions.

 

Buzzing stocks on BSE

1. JBM Auto rose by 2.66% to Rs.270 after company acquired major shareholding in Linde-Wiemann.

2. Adani Ports and Special Economic Zone declined by 8.26% to Rs. 324.85, after Adani Logistics, a unit of Adani Ports and SEZ announced that it would acquire Adani Agri Logistics from Adani Enterprises in an all-cash deal.

Global Signals

Asian stock markets ended with gains while the European stocks traded higher on February 25 on optimism after US President Donald Trump announced an extension to tariff hikes on Chinese imports due on March 1.

 

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DAILY MARKET INSIGHTS – 22nd Feb 2019

After market update – Second session of gains, Nifty reclaims 10800 intra-day

TFM Watch

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Indian Indexes

The benchmark indices moved in narrow range throughout the day on February 22, amid mixed Asian markets. The Sensex was down by 0.07% or 26.87 points to 35871.48. The Nifty was up by 0.02% or 1.80 points to 10791.70.

Oil marketing companies gained in trade today as crude prices slipped.

Market breadth was in favour of advances with an advance-decline ratio of at 4:2.

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Stocks in the news

1. Dynamatic Technologies signed a Memorandum of Understanding with SAAB Technologies.

2. BEML partners with Lockheed Martin to explore global & domestic opportunities.

 

Buzzing stocks on BSE

1. Shares of GMR Infrastructure gained 2.80% to Rs.16.55, after the company signed concession agreement to develop a new international airport at Greece.

2. Bharat Electronics rose by 1.61% to Rs.570, after the company signed an MoU with Nagpur-based JSR Dynamics.

Global Signals

Asian stock markets were mostly mixed on February 22, after a slide on Wall Street as investors nervously watched the US-China trade talks in Washington.

European stock markets were mixed, as market participants closely monitored signs of progress in trade talks between the world’s two largest economies.

 

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DAILY MARKET INSIGHTS – 21th Feb 2019

After market update – Second session of gains, Nifty reclaims 10800 intra-day

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Indian Indexes

On February 21, benchmark indices closed on a positive note, with the Sensex settling a tad below 35900. The market rose for the second day and clocked their best two-day rally in nearly three weeks. The Sensex surged by 0.40% or 142.09 points to 35898.35. The Nifty rose by 0.51% or 54.40 points to 10789.85.

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Stocks in the news

1. Tech Mahindra approved the proposal for buyback fully paid equity shares of Rs.5 each.

2. Reliance Capital invited Nippon Life Insurance to buy up to 42.88% stake in RNAM.

 

Buzzing stocks on BSE

1. Dynamatic Technologies surged by 3.53% to Rs. 1,341, after the company signed a Memorandum of Understanding with Joint-Stock Company (JSC) Russian Helicopters on Ka-226T Helicopter.

2. Tata Steel rose by 1.49% to Rs. 497.90, after Moody’s Investors Service upgraded the company’s corporate family rating by one notch to Ba2 from Ba3.

3. Shares of Reliance Nippon Life Asset Management Company jumped by 20% to Rs. 187.05, after Reliance Capital invited partner Nippon Life Insurance Company Ltd to acquire a stake in Reliance Nippon Life AMC.

Global Signals

Asian stock markets were mixed on February 21, as investors digest Fed minutes.

European stock markets were also mixed, amid cautious optimism the world’s two largest economies could soon secure a trade deal to end a prolonged dispute.

 

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DAILY MARKET INSIGHTS – 20th Feb 2019

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Indian Indexes

The benchmark indices bounced back and broke the eight day losing streak on February 20, on the back of global optimism. The rally was mainly led by information technology, financial, metal and banking stocks. The Sensex added 400 points, while the Nifty rallied over 130 points. The Sensex surged by 1.14% or 403.65 points to 35756.26. The Nifty soared by 1.24% or 131.40 points to 10735.45.

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Stocks in the news

1. Duke Offshore secured contract from Daewoo-Tata JV

2. Aarti Industries entered into contract worth $125 mn with global chemical conglomerate

3. Strides Pharma arm received USFDA nod for generic of Zarontin capsules.

 

Buzzing stocks on BSE

1. Grasim Industries rose by 2.03% to Rs. 730.75, after the acquisition of the Chlor-Alkali Business of KPR Industries (India).

2. Majesco surged by 3.30% to Rs. 456, American Public Life Insurance Company has selected Majesco L&A and Group Core Suite platform.

Global Signals

Asian stocks markets mostly closed higher on February 20, after US President Donald Trump hinted once again that a closely watched trade deadline in March may be pushed back.

European stock markets were also higher, amid rising hopes the world’s two largest economies could soon secure a trade deal to end a protracted dispute.

 

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DAILY MARKET INSIGHTS – 18th Feb 2019

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Indian Indexes

The benchmark indices ended down sharply on February 18, 2019 on caution over mounting worries over terrorist activities in India’s Jammu & Kashmir. Heavyweights such as TCS, Reliance Industries and ITC among others dragged indices today. The Sensex slipped by 0.87% or 310.51 points to 35498.44. The Nifty fell by 0.78% or 83.45 points to 10640.95.

Market breadth was in favour of declines with an advance-decline ratio of 1:2.

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Stocks in the news

1. L&T Construction has secured a mega contract for design and construction of a major airport.

2. JSPL bagged additional order from Indian Railways for 30,000 tonnes long rails.

 

Buzzing stocks on BSE

1. Shares of Dewan Housing Finance Ltd (DHFL) jumped 4.67% to Rs. 128.90, on report that the company is in talk to sell a 10% stake to Baring India, Bain Capital and Hero Fincorp to raise funds.

2. Yes Bank share fell by 2.54% to Rs. 213.15, after the Reserve Bank of India (RBI) threatened further regulatory action against the bank over its public disclosure of nil divergence report.

Global Signals

Asian markets ended higher on optimism over ongoing trade talks between the US and China.

European stock markets were mixed, as investors await developments on US-China trade front.

Crude oil prices rose to three-month high on February 18, 2019 as Saudi Arabia said it has partially shut Safaniya offshore oil field, largest in the world, for repairs amid optimism over US-China trade discussions.

 

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DAILY MARKET INSIGHTS – 15th Feb 2019

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Indian Indexes

Indian stock market ended marginally lower on Febaruary 15, led by a decline in HDFC, HDFC Bank, Sun Pharma and Axis Bank. The Sensex was down by 0.19% or 67.27 points to 35808.95. The Nifty fell by 0.20% or 21.60 points to 10724.40.

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Stocks in the news

1. Alembic Pharma received USFDA approval for gVigamox eye drops.

2. J Kumar Infraprojects received order worth Rs. 444.98 crore from Delhi Metro Rail Corporation.

 

Buzzing stocks on BSE

1. ONGC rose by 2.27% to Rs. 135.10, after net profit rose 64.8% to Rs. 8,262.70 crore in Q3FY2019

2. Shares of Kridhan Infra surged by 4.68% to Rs, 32.40, after company bagged an order in Singapore.

Global Signals

Asian stock markets closed lower on February 15, following the release of US retail data overnight which raised concerns over a slowing American economy.

European stock markets were mixed, after weaker-than-expected US retail sales figures raised fresh doubts about the strength of the world’s largest economy.

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DAILY MARKET INSIGHTS – 13th Feb 2019

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Indian Indexes

Benchmark indices erased all their gains in the last hour on February 13, weighed by RIL, L&T, ICICI Bank and State Bank of India. The Sensex ended just above 36000 while Nifty closed below 10800. The Sensex declined by 0.33% or 119.51 points to 36034.11. The Nifty fell by 0.35% or 37.75 points to 10793.70.

Majority of the sectoral indices closed in red except IT, Realty and Technology.

Market breadth was in favour of declines with an advance-decline ratio of 1:2.

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Stocks in the news

1. Bosch Q3 net profit rose by 19.3% y-o-y to Rs.335.4 crore.

2. Adani Gas Q3 net profit slipped by 6.8% q-o-q to Rs.47 crore.

 

Buzzing stocks on BSE

1. CG Power and Industrial Solutions fell by 29.63% to Rs.23.75, after reporting the consolidated net loss of Rs.150.18 crore in Q3 December 2018.

2. Shares of Natco Pharma declined by 4.68% to Rs.635, after consolidated net profit slipped by 27% y-o-y to Rs.159 crore in Q3FY2019.

Global Signals

Asian stock markets were mostly higher on February 13, on positive US-China trade sentiment.

European stock markets traded higher amid US-China trade deal hopes.

DAILY MARKET INSIGHTS – 11th Feb 2019

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Indian Indexes

The benchmark indices ended lower on February 11, weighed by automobiles and pharmaceutical stocks. Reliance Industries, M&M, ICICI Bank, Axis Bank, SBI, L&T, ITC, Bajaj Finance, ONCG and HUL dragged the indices, while HDFC Bank, Tata Consultancy Services, Kotak Mahindra Bank, Tata Steel and Infosys ended in green. The 30-share Sensex fell by 0.41% or 151.45 points to close at 36395.03, while the 50-share Nifty slipped by 0.50% or 54.80 points to 10888.80.

Market breadth was in favour of declines with an advance-decline ratio of 2:5.

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Stocks in the news

1. Eicher Motors Q3 consolidated net profit rose by 2.4% y-o-y to Rs 533 crore

2. Motherson Sumi Systems Q3 net profit rose by 6.7% y-o-y to Rs.389 crore.

3. India Cements Q3 net profit slipped by 79.6% y-o-y to Rs.3.1 crore.

4. Spicejet Q3 net profit falls by 77% y-o-y to Rs.55 crore.

Buzzing stocks on BSE

1. Tata Steel rose by 2.20% to Rs. 479.90, after the consolidated net profit rose by 54.33% to Rs. 1753.07 crore in Q3FY19.

2. KRBL fell by 10.64% to Rs. 322, after the consolidated net profit declined by 12.82% to Rs 107.22 crore in Q3FY2019.

3. Sun TV Network surged by 10.10% to Rs. 573.15, after the net profit rose by 31.60% to Rs. 351.33 crore in Q3FY2019.

Global Signals

Asian stock markets ended on a mixed note on February 11, 2019 as traders await developments in trade talks between American and Chinese officials in Beijing later this week.

European stock markets rallied on hopes of resolution between the US and China on trade front at meeting between officials later this week.

 

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DAILY MARKET INSIGHTS – 8th Feb 2019

Daily Stock Picks and Recomandations – 8th Feb 2019

DAILY MARKET INSIGHTS – 8th Feb 2019

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Indian Indexes

Indian local indices plunged sharply on February 8, as risk appetite dwindled on worries over ongoing trade spat between the US and China amid concerns over global economic health after European Commission slashed GDP forecasts for Eurozone. The Sensex fell by 1.15% or 424.61 points to 36546.48 . The Nifty declined by 1.14% or 123.80 points to 10,943.60.

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Stocks in the news

1. Excel Crop Care Q3 net profit fell by 81.3% y-o-y to Rs.24 crore.

2. Marksans Pharma net profit rose by 44% y-o-y to Rs.25 crore.

3. VIP Industries net profit fell by 11.4% y-o-y to Rs.23.8 crore.

4. AIA Engineering rose by 11% y-o-y to Rs.129 crore.

Buzzing stocks on BSE

1. Tata Motors lost 14.9% at Rs 155.65 at 09:18 IST on BSE after the company reported consolidated net loss of Rs 26992.54 crore in Q3 December 2018 as compared to net profit of Rs 1198.63 crore in Q3 December 2017.

2. Sun Pharma Advanced Research Company fell 1.21% to Rs 146.50 at 10:01 IST on BSE after the company received a demand order worth Rs 46.04 crore for payment of Service Tax.

3. Shipping Corporation of India jumped 6.65% to Rs 40.10 at 11:12 IST on BSE after net profit surged 119.72% to Rs 180.54 crore on 25.02% rise in total income to Rs 1237.30 crore in Q3 December 2018 over Q3 December 2017.

Global Signals

Asian stock markets tumbled on February 08, after President Donald Trump said he doesn’t plan to meet Chinese leader Xi Jinping before a tariffs truce ends in March.

European stocks traded mixed as investors await developments in US-China trade talks.

 

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DAILY MARKET INSIGHTS – 7th Feb 2019

Daily Stock Picks and Recomandations – 7th Feb 2019

RBI Policy: The monetary policy committee cuts repo rate by 25 bps to 6.25

Budget 2019 Key Benefits: Finance Minister presents Union Budget 2019 in Parliament

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DAILY MARKET INSIGHTS – 7th Feb 2019

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Indian Indexes

Benchmark indices jumped after the RBI cut the repo rate but shed all of its gains soon on profit-booking in to end on a flat note. The Sensex was down by 0.01% or 4.14 points to 36971.09. The Nifty rose by 0.06% or 6.95 points to 11069.40.

Market breadth was in favour of advances with an advance-decline ratio of 3:2.

Zee Entertainment, Sun Pharma, Eicher Motors, Bharti Infratel and Bajaj Auto were the top gainers on the Nifty, while JSW Steel, Reliance Industries, L&T, Hindalco and Power Grid were the top losers.

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Stocks in the newsCurrency

1. Reserve Bank of India cut the repo rate by 25 bps to 6.25%.

2. MRF Q3 net profit fell by 18% y-o-y to Rs. 279.3 crore.

3. Bajaj Electricals net profit rose by 73.6% y-o-y to Rs. 64 crore.

4. Grasim Q3 net profit increased by 28.3% y-o-y to Rs. 608 crore.

Buzzing stocks on BSE

1. AstraZeneca Pharma India jumped by 11.66% to Rs. 1,793, after the company reported net profit of Rs. 29.09 crore in Q3FY2019 as against net loss of Rs. 10.35 crore in Q3FY2018.

2. Shares of Sun Pharmaceuticals surged by 4.48% to Rs. 434, after its US subsidiary Taro Pharmaceutical reported strong results for the quarter ended December 2018.

Global Signals

Asian stock markets ended mixed on February 07 on uncertainty over US-China trade talks as negotiations between the world’s largest and second largest economies continue.

European stock markets were marginally lower as market participants digested the latest flurry of corporate results.

 

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DAILY MARKET INSIGHTS – 6th Feb 2019

Daily Stock Picks and Recomandations – 7th Feb 2019

RBI Policy: The monetary policy committee cuts repo rate by 25 bps to 6.25

Budget 2019 Key Benefits: Finance Minister presents Union Budget 2019 in Parliament

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