Sensex 28442.1 -223.94 -0.78%
Nifty 8606 -100.7 -1.16%
|17-Apr-2015||Motherson Sumi||523||Buy||1 week||542|
|15-Apr-2015||Jindal Poly Film||233||Buy||1 week||249|
|15-Apr-2015||St Bk of India||287||Buy||1 week||300|
|13-Apr-2015||Adani Enterp.||658||Buy||4 Days||679|
The outlook is marginally positive start. The indices saw a free fall in late trade on Wednesday perhaps due to some basket selling by a foreign fund. Global cues are positive. The Dow rose 0.42% while S&P 500 gained 0.51%.
The outlook is a positive start. Indices may get nervous at higher levels as the result season gets underway. India WPI numbers are expected. EU interest rate scenario will also be watched. Market will also react to CPI numbers which were lower in March at 5.17%.
The outlook is a tentative start as investors will want to pay more attention to stock-specifics rather than take an overall view on the market. Global cues are mixed. US indices were mostly higher.
Unseasonal rainfall during Q4 FY15 damaged standing rabi-crop, adversely affecting rabi yields. The main rabi crops such as wheat, oilseeds, pulses and many vegetables and fruits have been worst affected. As a sowing acreages reduced agrochemical demand plummeted during the month of March. We forecast ~4-6% volume growth.
Manappuram Finances (MFL) business growth has been reviving since the start of FY15.
Last year, the company entered into bio-product segment by launching Mycoraja, a mycorrhiza-based nutrient activating bio-fertilizer.
|Company||CMP (Rs.)||Chg (%)||Supp 1||Supp 2||Pivot||Res 1||Res 2|
|B H E L||234.85||1.23||229.88||226.72||232.37||235.53||238.02|