Market View – 07 August’2012

The Bse Index Closes on Monday at 17413 up 215 Points or +1.25% and the Nifty fasten store at 5283, up 67 points from the previous close or +1.28%. The CNX Midcap index was up 0.6% while the BSE Small cap index gains 0.8% in Yesterdays Trade. The market breadth was positive with advances at 903 against declines of 543 on the NSE.

Lead by Reliance Industries Limited, the markets gained drastically on Monday and barring FMCG and IT, all sectoral indices closed positive. Strong US job data, too, played its role in pulling the indices up. Oil & gas, auto, banking and capital goods were the biggest gainers in today’s session and realty and metal, too, supported the indices well.

Nifty Top Gainers in Yesterday’s Trade:

S.NO

SCRIP

LTP

% Change

01

Reliance

783.50

+5.51%

02

Tata Motors

229.05

+3.67%

03

JP Associates

75.60

+3.07%

04

Gail

366.90

+2.74%

05

Kotak Bank

560.00

+2.36%

Nifty Top Losers in Yesterday’s Trade:

S.NO

SCRIP

LTP

% Change

01

Bpcl

342.35

-3.02%

02

Wipro

343.90

-0.94%

03

Dr. Reddy

1,658.00

-0.92%

04

Tcs

1,226.00

-0.82%

05

Itc

257.25

-0.62%

Stock Cipher:

  • Divi’s Labs Q1 net profit at Rs 167.4 Cr Vs Rs 102.6 Cr (YoY); net sales at Rs 468.4 Cr Vs Rs 361.3 Cr (YoY).
    • TV18 Broadcast Q1FY13 Consolidated Net Loss at Rs 23.45 cr vs Profit of Rs 21.12 Cr (YoY); Income from ops at Rs 346.89 cr Vs Rs 263.79 Cr (YoY).
  • Network 18 Q1FY13 QoQ Consolidated Cons net loss at Rs 91.3 cr vs Rs 168.2 Cr; Cons income from ops at Rs 489 cr vs Rs 659.5 Cr.
  • Dhanlaxmi Bank Q1 net loss at Rs 11.8 cr vs profit of Rs 3.4 cr (YoY); NII at Rs 75 cr vs Rs 63 cr (YoY).
  • Cabinet has agreed spectrum reserve price of Rs 14,000 cr in 1800 mhz band.
  • The board of Bharti Shipyard has agreed the allotment of 6.1 cr warrants and debentures at Rs 79/share.
  • Aurobindo pharma has received the final US FDA nod for montelukast sodium tablets.
  • Glenmark gets final US FDA nod for asthma treatment drug.
  • RIL up 5% post Min order to meet Dabhol gas requirement.
  • Monnet Ispat Q1 net profit at Rs 65.7 cr vs Rs 72.6 cr (yoy); net sales at Rs 530.6 cr vs Rs 444.9 cr (yoy).
  • Whirlpool Q1 net profit at Rs 64.5 cr vs Rs 51 cr (YoY); net sales at Rs 872 cr vs Rs 790.5 cr (YoY).
  • IVRCL has bagged orders of worth Rs 620 cr.
  • Britannia Q1 net profit at Rs 43.4 cr vs Rs 41.8 cr (YoY); net sales at Rs 1,221 cr vs Rs 1,103 cr (YoY). EBITDA margin at 5.3% vs 4.3% (YoY).
  • Wockhardt Q1 cons net profit at Rs 378 cr vs Rs 194 cr (YoY); cons net sales at Rs 1426 cr vs Rs 1053 cr (YoY).
  • The board of Sun Pharma is planning for an internal Rejig of company’s business on August 10.
  • Andhra Bank Q1 Net Profit at Rs 362 cr Vs Rs 386 cr (YoY); NII at Rs 938.5 cr  Vs Rs 910.6 cr (YoY).
  • The management of Cipla said that the company has invested Rs 500 cr in new R&D and bulk drug units. The new R&D and API units will be ready by March 2013.
  • Uttam Galva Q1 Net Profit at Rs 10.2 cr Vs  Vs Rs 9.1 cr (YoY); Net Sales at Rs 2057.7 cr Vs Rs 1,533.2 cr (YoY).
  • SAIL Q1 Net Profit at Rs 696.4 cr Vs Rs 848.3 cr (YoY); Net Sales at Rs 10,640.7 cr Rs 10,826.3 cr (YoY).
  • AB Nuvo Q1 Cons Net Profit at Rs 267 cr Vs Rs 253 cr (YoY); Net Sales at Rs 5,253.6 cr Vs Rs 4,719.2 cr (YoY).
  • Cadila Health Q1 Cons Net Profit at Rs 194.7 cr  Vs Rs 230 cr (YoY); Cons Revenue at Rs 1,594 cr Vs Rs 1,246 cr (YoY).
  • Essar Shipping Q1 Net Profit at Rs 54 cr Vs Rs 19 cr (YoY); Revenue at Rs 925 cr Vs Rs 670 cr (YoY)
  • Siemens consortium has got 290 million Euro order from NMDC.

As Told after Gap up opening Nifty faced Resistance at 5288, Trades and closes above 5288 May jump Nifty To 5355-5444 Levels and Vice-Versa Down side Support at 5200-5155 levels if closes below 5111 can bring Blood Bath.

Last Close at 5282 up 67 points, Last High at 5293 Low at 5260, Weekly High at 5293 and low at 5032 and 5 DMA at 5239, 20 DMA at 5203, 50 DMA at 5145 and 200 DMA at 5107.

5-Days Relative Strength Index at 73 and 14-Days Relative Strength Index at 59. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5288 and above the level marks the track point at 5233 later zooper levels at 5355 marks.

SUPPORT@ It has the first support close to the level of 5244 and below this level mark next support is seen at 5222 later dipping levels near 5200 marks.

 NIFTY FUT MOMENTUM CALLS FOR 07 Aug’2012:

Buy Nifty August Future above 5311 Sl 5288 Tgt 5333-5355 {Or} Sell Nifty August Future below 5266 Sl 5288 Tgt 5244-5222.

Stock Market View – 03 August’2012

The Bse Index Closes on Thursday at 17224 down 33 Points or -0.19% and the Nifty fasten store at 5228, down 12 points from the previous close or -0.24%. The CNX Midcap index was up 0.3% while the BSE Small cap index gains 0.5% in Yesterdays Trade. The market breadth was positive with advances at 789 against declines of 624 on the NSE.

The markets traded range-bound throughout the day and closed with moderate declines. Oil and gas, banking and auto were the biggest losers in Yesterday’s session while consumer durables, power and capital goods gained significantly.

Nifty Top Gainers in Yesterday’s Trade:

S.NO

SCRIP

LTP

% Change

01

NTPC

163.50

+3.81

02

BHEL

223.70

+1.50

03

AXIS BANK

1,059.10

+1.25

04

SAIL

86.70

+0.99

05

JINDAL STEEL

403.70

+0.93

Nifty Top Losers in Yesterday’s Trade:

S.NO

SCRIP

LTP

% Change

01

CAIRN

330.75

-2.40

02

TATA MOTORS

222.50

-2.13

03

BPCL

353.70

-1.79

04

TATA POWER

98.25

-1.60

05

CIPLA

348.60

-1.53

Stock Cipher:

  • Mahindra and Mahindra (M&M) and Telphonics Corp are in joint venture to make defence equipment. M&M will license technology from Telephonics for equipment.
  • Hero MotoCorp Sales:

               Total Sales down 1.5% at 4.84 lk Units Vs 4.91 lk Units YoY

Total Sales down 9.3% at 4.84 lk units vs 5.34 lk units QoQ

  • SBI has cut home loan rate up to Rs 30 lakh to 10.25% from 10.5%.

                It has cut the rate on Home loans from Rs 30-75 lakh to 10.4% from 10.75%; cuts rate on Home

Loans above Rs 75 lakh to 10.4% from 11%.

SBI has also cut the Auto loans to 10.75% from 11.25%. It has cut the auto loan rates by 50 bps

Effective August 7

  • Voltas Q1FY13 consolidated (YoY) net profit at Rs.79.1 cr Vs Rs.132 cr ; Net sales at Rs.1,611.6 cr Vs Rs.1,345.7 cr.
  • Trendy Knit has gone for stock split from Rs 10 to Rs 1.
  • Kale Consultants hits 52-week high on strong Q1 results.
  • Manappuram Finance rises 3% on solid Q1 numbers.
  • Jet fuel prices hike for 2nd time in a month by 4.5% effective August 1.
  • Punjab National Bank has increased the deposit rate by 25 bps to 9% on deposits less than Rs 1 cr.
  • Bajaj Auto’s total sales in July slipped 5% (YoY) to 3,44,150 units amid sluggish demand for motorcycles, especially the premium segment.
  • NIIT Tech tanks 10% after promoters offload 7.4% stake.
  • Ashok Leyland’s July Auto total sales up 25% at 9,785 units (YoY). Light Commercial Vehicle sales at 2,803 units.
  • Cummins India Q1 net profit at Rs 181 cr vs Rs 177.2 cr (YoY); total income at Rs 1,258.7 cr vs Rs 1033.5 cr (YoY).
  • Goa govt amends stamp duty; mine owners to pay 15% royalty.
  • Hotel Leela Q1 net loss at Rs 102 cr vs loss of Rs 26.5 cr (YoY); net sales at Rs 138 cr vs Rs 112 cr (YoY).
  • Hotel Leela has approved Rs 100 Crore preferential allotment to a promoter group company and a resolution to raise up to Rs 1000 crore.

It was a Choppy Market Yesterday Trade clogging Consolidation going at 5200-5244 levels, 5288 is the next Resistance for Bulls. Trades and closes above 5288 May jump Nifty To 5355-5444 Levels and Vice-Versa Down side Support at 5200-5155 levels if closes below 5111 can bring Blood Bath.

Last Close at 5227 down 13 points, Last High at 5236 Low at 5209, Weekly High at 5246 and low at 5032 and 5 DMA at 5199, 20 DMA at 5208, 50 DMA at 5134 and 200 DMA at 5105.

5-Days Relative Strength Index at 63 and 14-Days Relative Strength Index at 55. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5244 and above the level marks the track point at 5266 later zooper levels at 5288 marks.

SUPPORT@ It has the first support close to the level of 5222 and below this level mark next support is seen at 5200 later dipping levels near 5155 marks.

NIFTY FUT MOMENTUM CALLS FOR 03 Aug’2012:

Buy Nifty August Future above 5266 Sl 5244 Tgt 5288-5311 {Or} Sell Nifty August Future below 5222 Sl 5244 Tgt 5200-5177.