Recent Research

Market Outlook

New highs pass by; flat start

The outlook is a flat open. Global indices are up. The minutes from the Federal Reserve's July meeting indicate that the Fed is in no hurry to raise interest rates. The Dow added 0.35% while S&P was up 0.25%. Nasdaq ended marginally lower. Asian indices are mixed with Nikkei up almost a percent while Hong Kong's Hang Seng index is lower. South Korea's Kospi index and China's Shanghai index are also in the red.

Optimism rules on cautious street

The outlook is a positive start but indices may struggle as the Nifty approaches the 8000 mark in the coming days. Global cues are positive for now. US stocks ended higher as housing data and strong earnings kept the mood upbeat and investors chose to ignore some of the concerns about Ukraine.

Moving forward towards 8000

The outlook is a healthy start. Heavyweights including many of the leading banks will see some buying even as some reshuffle of stocks take place. The US market gained on upbeat housing data and reports that Russia and Ukraine were speaking in a somewhat peaceful tone. The National Association of Home Builders/Wells Fargo index rose two points to 55, indicating the recent downturn in the housing market may have bottomed, says a report.

Equity

Reliance Communications (Q1 FY15)

Q1 revenues declined 0.9% qoq vs our estimate for a 1.8% qoq on the back of weakness in global operations whose revenues declined 14.9% qoq and 5.1% yoy.

Cox & Kings (Q1 FY15) - BUY

A higher depreciation and interest charge was offset by rise in other income but a smaller FX gain resulted in 5% yoy decline in net profit.

National Aluminium Co Ltd (Q1 FY15)

NALCOs quarterly revenues were marginally above our estimate due to higher metal premiums and a marginal increase in aluminium sales volume.

Global Markets
America Value Diff Chg (%)
Hang Seng 24,994.10 [165.66] [0.66]
Straits Times 3,324.09 0.44 0.01
Nasdaq 4,526.48 [1.03] [0.02]
Asia Value Diff Chg (%)
FTSE 100 6,755.48 [23.83] [0.35]
DJIA 16,979.13 59.54 0.35
S&P 500 1,986.51 4.91 0.25
Nikkei 225 15,586.20 131.75 0.85
Europe Value Diff Chg (%)
CAC 40 4,240.79 [13.66] [0.32]
0 0
Top News
Sector Indices
NSE Indices Value Diff Chg (%)
BANK NIFTY 15,663.25 181.55 1.17
CNX 100 7,841.85 22.95 0.29
CNX 200 Index 4,020.85 11.50 0.29
CNX 500 6,339.70 18.05 0.29
CNX Auto Index 7,576.30 51.90 0.69
CNX Commodities Index 2,985.85 [18.20] [0.61]
Institutional Activity
Nature Cash (Rs.Cr) MTD YTD
FIIs 658.24 4,771.40 1,21,536
MFIs 293.60 6,326.10 [6,227.90]
FIIs Prov 2,977.62 4,346.07 39,686.90
Trade Value
09-Jan-13
Nature (Rs.Cr) Chg (%)
Cash BSE 2,785.68 [2.78]
Cash NSE 15,417.90 [9.96]
Derivatives 1,66,911.92 [23]
Pivot Table
Company CMP (Rs.) Chg (%) Supp 1 Supp 2 Pivot Res 1 Res 2
Punjab Natl.Bank 969.85 4.30 924.73 912.47 930.87 943.13 949.27
Bajaj Auto 2,272.15 3.34 2,183.28 2,166.57 2,199.12 2,215.83 2,231.67
B P C L 683.80 2.52 669.07 660.53 673.53 682.07 686.53
Bank of Baroda 901.85 2.45 875.07 866.13 881.33 890.27 896.53
St Bk of India 2,471 2.33 2,419.57 2,394.13 2,433.93 2,459.37 2,473.73
 

 
 
 
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