Stock Ideas
Date/Time Company CMP Action Period Target
25-May-2016 GHCL 169 Buy 1 week 181
24-May-2016 Union Bank (I) 106.85 Buy 1 week 111
24-May-2016 SKS Microfinance 609 Buy 1 week 629
24-May-2016 Unichem Labs. 269.5 Buy 1 week 283

Bharti-Infra at 390.8 | Target 402.5 | SL 385

Disclaimer

* All prices are in Indian Rupees

Market Outlook and Fundamentals

Market Outlook

Swinging in a range: Indices to open weak

The indices are set to open on a weak note. They may remain in a range for the day. Skymet Weather will have a briefing and provide update on "Monsoon 2016-impact on agriculture & industry.

P-note Pain! Indices set for strain at start

The outlook is a weak start. Asian markets are trading on a mixed note. US stock indices recovered from intraday lows to end modestly lower on Thursday amid mounting fears of a rate hike by the Federal Reserve in its June policy meeting.

Indices to open flat, SBI in focus

The outlook is a flat start with a weak bias initially. JSW Steel, PTC India and PNB are among the companies which will announce their numbers today. Global cues are weak. US stock indices ended lower on Tuesday, with the technology shares leading the fall, after Federal Reserve officials indicated that interest rates could be raised as early as June.

Equity

NALCO: Board approves share buyback of upto Rs.2,835 cr

The company has approved the alteration of articles of association of the Company to empower the Company to buyback its shares, subject to approval of the shareholders of the Company by way of a special resolution through Postal Ballot.

Godrej Industries Q4 PAT at Rs.116 crore, down 16% yoy

Total Income is Rs.26380.70 million for the quarter ended March 31, 2016 where as the same was at Rs.23390.70 million for the quarter ended March 31, 2015.

Tata Motors approves fund raising via debentures

The company has approved issuance of privately placed 3,000 Rated, Listed, Unsecured, 8.40% Coupon Redeemable, Non-Convertible Debentures (NCDs) of face value Rs. 10,00,000/- each, at par, aggregating up to Rs. 300 crores.

Global Markets
Date America Value Diff Chg (%)
26-May-16 Nasdaq 4,894.89 33.83 0.70
26-May-16 DJIA 17,851.51 145.46 0.82
26-May-16 S&P 500 2,090.54 14.48 0.70
Date Asia Value Diff Chg (%)
25-May-16 Hang Seng 20,368.05 537.62 2.71
25-May-16 Straits Times 2,766.66 16.43 0.60
25-May-16 Nikkei 225 16,757.35 258.59 1.57
Date Europe Value Diff Chg (%)
26-May-16 FTSE 100 6,262.85 43.59 0.70
26-May-16 CAC 40 4,481.64 50.12 1.13
Top News
Sector Indices
NSE Indices Value Diff Chg (%)
India VIX 15.52 [0.70] [4.32]
Nifty 10 Yr Benchmark G-Sec 1,453.51 0.19 0.01
Nifty 10 Yr Benchmark G-Sec (Clean Price) 944.17 [0.07] [0.01]
Nifty 100 8,029.85 172.85 2.20
Nifty 100 Liquid 15 2,970.65 58.45 2.01
Nifty 11-15 yr G-Sec 1,572.65 0.17 0.01
Institutional Activity
Nature Cash (Rs.Cr) MTD YTD
FIIs [801.45] 1,752.16 [11,620.10]
MFIs 15.10 3,464.70 55,292.10
FIIs Prov 2,977.62 4,701.07 15,881.30
Trade Value
Nature (Rs.Cr) Chg (%)
Cash BSE 2,295.35 [8.66]
Cash NSE 16,668.60 10.07
Derivatives 603,352.90 63
Pivot Table
Company CMP (Rs.) Chg (%) Supp 1 Supp 2 Pivot Res 1 Res 2
Tech Mahindra 528.50 10.05 465.17 454.33 475.43 486.27 496.53
IndusInd Bank 1,096.15 5.03 1,044.90 1,033.40 1,050.65 1,062.15 1,067.90
ICICI Bank 235.00 4.65 221.07 219.53 223.13 224.67 226.73
B H E L 122.55 4.12 116.50 114.50 117.65 119.65 120.80
Bajaj Auto 2,475.30 4.03 2,383.23 2,345.47 2,402.12 2,439.88 2,458.77
Calendar
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