Equity Research Report Ways2Capital 19 October 2015


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On Friday nifty open at 8191 made high of 8266 and low of 8151, Another side bank nifty open at 17765 made high of 18009 and low of 17626. Nifty Futures / Bank Nifty Futures market closed on 7974 / 17983.


TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

On Friday nifty open at 8191 made high of 8266 and low of 8151, Another side bank nifty open at 17765 made high of 18009 and low of 17626. Nifty Futures / Bank Nifty Futures market closed on 7974 / 17983. According to technical analysis if Nifty Futures and Bank Nifty Future moves up trend in tomorrow treading session then 8327 will be small support for Nifty Futures and 18017 will be small support for Bank Nifty Futures. If it break this level then then Nifty Futures can touch level of 8412 level and Bank Nifty Futures can touch 18236 level in next few days. It will be hard resistance for Nifty Futures and Bank Nifty Futures. Meanwhile in down trend there is small support on 8097 for Nifty Futures and 17493 is for Bank Nifty Futures after breaking this level with volume then there is big support for Nifty Futures on 7895 and 17307 for Bank Nifty Futures.

 

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

? ETFsinvest Rs 1,235 crore in a week in India; EM index posts biggest weekly gain in 17 years.Foreign portfolio Investors seem to be back again playing the 'Risk-on' trades amid hopes that the yuan 'ghost' is receding and US interest rates will stay unchanged till December. An early indicator of this is the MSCI Emerging Market index a barometer used by global fund managers betting on outperforming the MSCI World index since mid-August. Last week, exchange traded funds invested nearly $1 billion in emerging marketsout of which India received $190 million, the largest share. Buoyed by renewed inflows and rebound in currencies, the EM index has posted its biggest weekly gain in the past 17 years.

 

? India's second largest software firm, Infosys, posted a 12.15 per cent Q to Q rise in profit at Rs 3,398 crore for the second quarter of FY16 ended. The IT major had posted a net profit of Rs 3,030 crore in the previous quarter.The company's revenues for the July-September quarter stood at Rs 15,635 crore, up 8.9 per cent over the same period last year.

 

? Cafe Coffee Day raises Rs 3.34 billion from cornerstone investors.The company behind Cafe Coffee Day, India's biggest coffee chain, has raised Rs 3.34 billion from "cornerstone" investors ahead of the formal opening of the country's biggest stock market flotation in three years.

 

? Tata Consultancy Services , India's largest software services exporter, reported a 12% sequential rise in quarterly profit helped by strong growth in the banking, financial services and retail sector in North America and UK.Net income rose to $926 million, for the second quarter ended September 30, from $898 million, in the previous quarter. Revenue rose 3% on sequential basis to $4.16 billion.

 

? Zee Entertainment Q2 net rises 9% to Rs 247 cr. Zee Entertainment Enterprises has reported 8.72 per cent increase in consolidated net profit at Rs 247.40 crore for the second quarter ended September 30.The company had posted a net profit of Rs 227.55 crore for the same period last fiscal.Total income of the company stood at Rs 1,384.90 crore during the quarter as against Rs 1,117.82 crore last year, ZEE said in a regulatory filing. "ZEE has strong fundamental investors can BUY ZEE at Rs.390 Stock with 1-2 Month holding for TGT Rs.440 and SL 360 CMP is 385.60

 

?Hindustan Unilever, India's largest consumer goods company , on Wednesday reported a 2.6 per cent fall in second-quarter profit, missing analysts' expectations, as it cut prices.The Indian unit of the Anglo-Dutch consumer group Unilever Plc posted a net profit of Rs 9.62 billion ($147.9 million), down from Rs 9.88 billion a year earlier. Net sales rose 5 per cent to Rs 78.20 billion.

The Stock of HUL can give the BEAR movement for Short-Term.Although it’s movement will be Consolidate for Next 1-2 month.

 

 

Top Economy news

? Nearly a third of respondents in EY survey rank India top investment destination this year.In big endorsement of India's fundamentals and attractiveness, 32% respondents in EY's annual 'Attractiveness Survey - India 2015' have ranked the country as the most attractive market this year. A majority 60% have place the country among top three attractive destinations. The survey is based on response of 505 global CEOs.

 

?India's wholesale prices fell for an 11th straight month in September, plunging an annual 4.54 per cent primarily on the back of tumbling oil prices, government data showed on Wednesday.

 

? The finance ministry has said latest data for Index of Industrial Production and Consumer Price Index New Series points at steady improvement in the Indian economy. The August IIP growth has registered an increase of more than 6 % after 34 months, a ministry statement said late Tuesday. Cumulative IIP growth in the first five months in 2015-16 at 4.1%s better than the growth of 3 % in the same period last year.

 

? India has been ranked as the most attractive investment destination in the world for the next three years, according to a survey by Global consultancy firm EY released on Wednesday. Thirty-two per cent of the business leaders from global corporations polled for the survey said India is the most attractive investment destination in the world, followed byChina, Southeast Asia and Brazil.

 

 

 

Top Corporate News

? Punj Lloyd bags Rs. 367 crore contract from Indian oil.Punj Lloyd on Thursday said it has bagged rs. 367 crore contract from Indian oil corporation at Paradip Refinery in Odisha.

 

? Reliance Capital announces Rs 150 crore ESOP scheme.Financial services major Reliance Capital on Thursday announced a major ESOPscheme under which select employees across all major operating businesses would be granted stock options with a notional value of Rs 150 crore.

 

? Hindustan Unilever Ltd, India’s biggest consumer goods company, on Wednesday said its net profits for the fiscal second-quarter fell 2.6% from a year earlier, because of an exceptional income from the sale of properties during the base quarter, and a higher effective tax rate.

 

? IndusInd Bank stock surges on agreement with Tata AIA Life Insurance.The company entered into a corporate agency agreement with Tata AIA Life Insurance Company Limited. Under this agreement IndusInd Bank will distribute Tata AIA Life products across its 854 branches.

 

 

TOP BANKING AND FINANCIAL NEWS OF THE WEEK

? Yes Bank on Tuesday Said it has been taken into the Dow Jones Sustainability Indices, making it the only domestic bank to get into the Index.The private sector lender has been selected as anindex component of the Dow Jones Sustainability Indices in the Emerging Market Index, a bank release said.The bank was selected from 116 banks from emerging markets that were invited to apply for the index.

 

? Bank Need Rs. 5 Lakh Crore Capital For Basel III Norms -Report -Indian banks' capital requirement would cross the Rs 5 lakh-crore mark while meeting the global Basel III banking norms by March 2019, a study report said on Monday."Given the credit growth expected in the short-to-medium term, the capital requirement of Indian banks would cross a huge level of Rs 5 lakh crore while meeting the globally mandatory Basel III banking norms by March 31, 2019," a joint study by Assocham-NIBM said.

 

? Bank credit rises 9.45 per cent to Rs 68,30,245 crore.Scheduled commercial banks' credit grew by 9.45 per cent to Rs 68,30,245 crore in the fortnight ended October 2.Banks' advances stood at Rs 62,40,256 crore in the same fortnight last year, according to RBI data.

 

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