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GK Capital, NAVI MUMBAI (2026)

24/10/2017

News Briefing:- 24/10/2017

Business Standard
Ø RCom-Sistema Shyam merger gets DoT approval

Ø UK fines Merrill Lynch £34.5 mn for unreported deals

Ø SC orders refund of principal to Supertech home buyers

Ø K'taka bans pillion on 2 wheelers below 100 cc capacity

Ø JioPhone reportedly explodes; Co says it's sabotage

Ø Reliance MF IPO sees big anchor investors demand

Ø MNCs lobby against price cuts of stents & knee implants

Business Line
Ø Coal ministry rejects Nalco's claim of fuel supply shortage

Ø Weak steel market to delay Mesco-Posco Finex deal

Ø Reliance Industries' m-cap gets nearer to Rs 6 lakh cr

Ø Real estate companies are now relying on Rera to woo buyers

Ø 'Govt plan may bring non-essential drugs under price control'

Ø Exporters can claim refund this week for GST paid in Aug, Sept

Mint
Ø Kharif crops in good condition; not hit by rains: Pattanayak

Ø World energy bodies caution India on wind projects

Ø Solar costs to fall further, powering global demand: Irena

Ø Lenders to exit IVRCL debt restructure mechanism

Ø Govt’s rice procurement rises marginally to 69.89 LT so far

Ø US delegation visits UP to assess investment potential

Financial Express
Ø Bharat-22 ETF likely to be launched in November

Ø India Post Payments Bank appoints Vodafone M-Pesa’s Suresh Sethi as MD, CEO

Ø IEX shares close 1.43% lower on stock market debut

Ø Rel Jio’s tariff hike suggests worst may be over for telcos

Ø Havells India Q2 profit at Rs171 crore

Ø Indiabulls Housing Finance Q2 net rises 24% to Rs852 cr

Financial Chronicle
Ø Fiscal deficit of 3.2% seems not difficult in FY18, says report

Ø 331 infra projects see cost overrun of Rs 1.72 lakh cr

Ø Government will achieve fiscal deficit and disinvestment targets in FY18: SBI report

Ø Air India eyes sale of scrapped engine parts

Ø BHEL starts ex*****on of Rs 20,400 crore Yadadri thermal power plant in Telangana

Economic Times
Ø Non-life insurance industry is poised for great growth

Ø Hindustan Zinc Q2 net profit rises 34% on metal rally

Ø Solar panel costs to fall by 60% in 10 years

Ø Sebi disposes of proceedings against NDTV promoters

Ø Unitech’s Sanjay Chandra asked to deposit Rs 1,000 cr

23/10/2017

Market Roundup:- 23/10/2017

Dealer's Diary:
Nifty gained 38 points to close at 10185 and Sensex gained 117 points to close at 32507. Heavyweight, Reliance, Infosys and Telecom stocks lifted the market. Market was highly volatile today. Nifty opened 30 points higher at 10177, and it touched day's high of 102254 and low of 10124. Positive global cues, good quarterly numbers and impressive economy data (CPI, WPI, IIP) boosted market sentiment. There was a stock specific action in the market on account of quarterly results sessions going on. Nifty 500 stocks advance decline ratio 1:1 despite which markets ended on a positive note. Among the global markets, US Markets gained over half percent the previous day. Asian markets ended mixed bag while European markets recovered smartly from the day's low. Nikkei Index gained over 1% as Prime Minister Shinzo Abe's ruling coalition maintained its majority in the nation's general election. Cement, Tech, Realty and Oil & Gas stocks gained while FMCG, Pharma and Capital Goods stocks declined. Select PSU Banking stocks recovered from the day's low. Private banks like Axis Bank slipped 2% to close at Rs450 as the company reported poor Q2 result. However, ICICI Bank and RBL Bank gained over 1% each on hope of good Q2 result. Cement major UltraTech climbed up 4% to close at Rs4205.

Technical Outlook:
Nifty index opened positive but remained volatile as bulls and bears both were fighting hard in the market. It formed a Harami Cross candle on daily chart as it closed near to its opening levels. It closed with the gains of around 40 points but got stuck in a trading range in between 10120 to 10250 in last six trading sessions. Now index has to continue to hold above 10178 to witness an up move towards 10250 and 10300 while on the downside supports are seen a 10120 then 10080.

Courtesy Motilal Oswal
For important disclosures regarding Motilal Oswal Research, visit:

23/10/2017

Market Update-23/10/17

Sensex:32506.72(+116.76)
Nifty:10184.85(+38.30)
10yrGSec:6.80
INR/USD:65.04
Crude Oil-Brent:57.62

23/10/2017

Market Outlook:- 23/10/2017

Market Drivers :
The domestic markets saw a mild correction on muhurat trading day driven by global cues. However most global markets have recovered lost ground and traded positive on Friday. Indications on back of global cues remain positive. Crude prices remained firm which could help oil stocks. Competitive intensity from Reliance JIO is likely to reduce and that will be positive for telecom space. Pharma, software is seeing value buying on back of huge underperformance and value buying activity could continue. Metals should continue to do well on back of global trends as well as expectation of positive numbers. Overall domestic markets could stage a recovery helped by positive global cues but focus will be on corporate performance.

Nifty Outlook :
Nifty Cash R1 R2 S1 S2
10211 10250 10320 10180 10140
Nifty continues to oscillate between 10180 to 10250 for last three sessions. Pattern for the day is a doji. The level at 10180 assumes importance as the index has found support at this level. Index needs to break above 10250 point for this rally to resume its next leg of up move towards 10320. Major support remains at 10180 break below this and there could be some declines towards 10140.

Sectoral Outlook:
SECTOR NAME OUTLOOK FOR THE WEEK
FMCG Positive
Oil & GAS Positive

Trading Idea - Cash & Future :
Scrip Reco CMP SL Target
ONGC Buy 174 170.5 181

Trading Idea – Derivatives :
STRATEGY UPDATE : HINDUNILVR – BULL CALL SPREAD
Instrument B/S. Lot Reco CMP
HINDUNILVR 1240 CE Buy 1 21.00 28.45
HINDUNILVR 1260 CE Sell. 1 13.00 16.05
NET PREMIUM PAID : 8 POINTS ; RISK : 3000 ; REWARD : 6000

Corporate Action:
NA

Security in Ban period:
BEML, DHFL, HDIL, IBREALEST, INFIBEAM, JPASSOCIAT, JSWENERGY, RELCAPITAL

Courtesy Motilal Oswal
For important disclosures regarding Motilal Oswal Research, visit:

23/10/2017

News Briefing:- 23/10/2017

Business Standard
Ø Now original IDs mandatory for transactions above Rs 50K

Ø MFs pump $12 bn in equities during Apr-Sept period

Ø EPFO to consider crediting ETF units to PF accounts

Ø Sweden & Japan new allies in Modi's job hunt for Indians

Ø FPIs infuse $2 billion in debt market this month

Ø IDFC-Shriram merger to factor in govt's concerns

Ø Future Group may buy rights for WHSmith in India

Business Line
Ø JSW, Tata Steel, Vedanta eye Bhushan Power

Ø Govt finalises blueprint for modernisation of 12 major ports

Ø NIA's Rs 10K-cr IPO to hit market in first week of Nov

Ø Banks fear additional Rs 40,000-cr NPAs as RBI reclassifies Axis' accounts

Ø Crude steel output jumps 6.8% to 8.3 mt in Sept

Ø Honda overtakes Bajaj to seal No. 2 spot in domestic bike sales

Mint
Ø GST rate structure needs complete overhauling: Adhia

Ø Six of top 10 firms add Rs.48,372 cr to market cap

Ø Protest against Tata Steel-Thyssenkrupp merger plans

Ø China’s jobless rate lowest in years, but challenges persist

Ø SEBI may tighten norms to curb front-running

Ø Hind Power hopes to seal solar asset sale with Macquarie by November

Financial Express
Ø Maruti becomes No. 1 exporter of passenger vehicles from India

Ø Calcutta Stock Exchange seeks Sebi nod for setting up clearing corporation

Ø Emaar India plans to raise Rs500 crore by March 2018

Ø US-based Sazerac Company buys stake in John Distilleries

Ø Flush with funds, Flipkart eyeing more acquisitions

Financial Chronicle
Ø India's GVA growth may rise to 6.3% in September quarter, says Nomura report

Ø In big setback, power utilities losses jump 36 pct to Rs 89,603 cr in FY16

Ø ONGC plans to raise oil output by 4 million tonne by 2020

Ø Facing coal shortage, Nalco closes captive power plant

Economic Times
Ø PE inflows in Indian realty rise by 57%

Ø Sebi bans Grass Root Finance, 13 others from markets

Ø Persistency rate high among online policyholders

Ø Economy on growth track: PM

17/10/2017

News Briefing:- 17/10/2017

Business Standard
Ø Govt plans mega Rs 1.2L Cr social security scheme before 2019 polls
Ø India's infra fund to get $1 bn boost from Abu Dhabi
Ø Corporate funding in solar sector touches $2.4 bn in Q3
Ø NIIF, ADIA sign investment agreement worth $1 billion
Ø 'India gets $10 bn commitment in food processing'
Ø Items in 28% GST rate slab needs to be pruned: Adhia
Ø Govt prefers domestic buyer for Air India: Source

Business Line
Ø RBI governor Urjit Patel calls for better access to currency swap lines
Ø IMF suggests India to set up independent fiscal council
Ø China offers to buy 5% of Saudi Aramco directly: Sources
Ø Reliance AMC to create Rs 165 cr war chest for acquisition
Ø Sebi pushes for physical deliveries in commodity derivative deals
Ø 66 machines being used for counting demonetised notes: RBI
Ø Government exempts IGST on gold imports

Mint
Ø WPI inflation eases to 2.6% in September
Ø Glenmark gets USFDA nod for Aprepitant nausea capsules
Ø Airtel-Tata deal beneficial but raises integration risk: S&P
Ø Economic recovery likely to have taken hold in Sep qtr: Morgan
Ø ‘Low’ stays put in Bay, N-E monsoon may set in late
Ø ONGC running out of time on ultra-deep gas find

Financial Express
Ø RIL, BP submit revised investment plan for KG-D6 gas finds
Ø Bajaj Finance Q2 profit soars 37%, despite GST impact
Ø DCB Bank Q2 profit up 21% at Rs59 crore
Ø Reliance Nippon Life AMC’s IPO proceeds to fund inorganic growth: Official
Ø Indian small caps most attractive in emerging market space: Shankar Sharma

Financial Chronicle
Ø Foreign Portfolio Investors invest $1.5 billion in debt markets in October so far
Ø Arun Jaitley’s visit strengthened India-US economic ties, says official
Ø Cox & Kings-owned Meininger to open 162-room hotel in France
Ø Reliance Jio earnings show strong business momentum: Analysts
Ø Telcom competition to remain intense over 12-18 months: Moody’s

Economic Times
Ø Nalco plans JVs with Rusal, Almex to produce high grade aluminium
Ø BSNL, Micromax tie up to bring down tariffs further
Ø Odisha invites aluminium firms to invest
Ø Rupee logs 6th straight gains, jumps 19 paise to 3-week high
Ø India lures handset makers to set up production base

17/10/2017

Market Outlook:- 17/10/2017

Market Drivers :
Global markets continue to remain positive. Domestic markets also scaled new highs. Macro numbers as well as global cues helped domestic markets. Telecom space continued to do well. Pharma space also saw gains. Auto sector continued to see interest. On results front, Federal Bank was ahead of expectations while Bajaj Finance was marginally below expectations though it reported a strong performance. DHFL among the housing finance companies reported strong numbers. Crude price remain firm. Global markets are trading positive. Domestic market is likely to hold ground helped by expectations of recovery in economic activity and on back of investment interest in underperforming spaces be it telecom, Pharma, software and likes.

Nifty Outlook :
Nifty Cash R1 R2 S1 S2
10230 10280. 10320 10180 10150
Nifty continued its rally to close the day at 10230 points. The pattern for the day is hanging man line. The long lower shadow means that the buyers stepped in to push the prices higher after early morning sell-off. For the day, Nifty faces resistance at 10250 points and once we see index breaking past 10250 we should see a rally to 10280 and 10320. Support for the day is at 10180 and below this at 10150.

Sectoral Outlook:
SECTOR NAME OUTLOOK FOR THE WEEK
Auto Positive
Metals Positive

Trading Idea - Cash & Future :
Scrip Reco CMP SL Target
JSW Steel Buy 260 255 270

Trading Idea – Derivatives :
STRATEGY UPDATE : HINDUNILVR – BULL CALL SPREAD
Instrument B/S. Lot Reco CMP
HINDUNILVR 1240 CE Buy 1 21.00 44.45
HINDUNILVR 1260 CE Sell 1 13.00 29.60
NET PREMIUM PAID : 8 POINTS ; RISK : 3000 ; REWARD : 6000

Corporate Action:
NA

Security in Ban period:
DHFL, IBREALEST, INFIBEAM, JPASSOCIAT, JSWENERGY, RCOM, RELCAPITAL

Courtesy Motilal Oswal
For important disclosures regarding Motilal Oswal Research, visit:

13/10/2017

Market Update-13/10/17

Sensex:32432.69(+250.47)
Nifty:10167.45(+71.05)
10yrGSec:6.74
INR/USD:64.89
Crude Oil-Brent:57.46

13/10/2017

Market Outlook:- 13/10/2017

Market Drivers :
Indian markets staged a smart recovery after the volatile session on Wednesday. Metal stocks did well and so did stocks like TCS, Reliance ahead of results. Private Banks also gained. Indusind reported a strong set of numbers. TCS numbers in terms of margins and bottom line came in ahead of numbers but constant currency growth was lower. Macro data also came in positive on the IIP front as well as CPI data. Telecom sector could continue to see interest on back of consolidation action. Tata Tele deal with Bharti is seen as positive for Bharti. While flows continued to remain mixed, encouraging results, global cues, macro data could help markets sustain the up move.

Nifty Outlook :
Nifty Cash R1 R2 S1 S2
10096 10178 10300 10020 9950
Nifty index opened positive and witnessed sustain buying interest till the end of session. It rallied by more than 100 points and nullified the effect of Bearish Engulfing pattern formed on last session. It made a strong Bullish candle and closed at the highest levels in last 14 trading sessions. Now it has to continue to hold above 10050 to extend its move towards life time high of 10178 then 10300 while on the downside supports are seen at 10020 then 9950.

Sectoral Outlook:
SECTOR NAME OUTLOOK FOR THE WEEK
FMCG POSITIVE
PVT BANKS POSITIVE

Trading Idea - Cash & Future :
Scrip Reco CMP SL Target
HDFC BANK Buy 1818 1788 1878

Trading Idea – Derivatives :
STRATEGY: HINDUNILVR – BULL CALL SPREAD
Instrument B/S. Lot Reco CMP
HINDUNILVR 1240 CE Buy 1 21 21
HINDUNILVR 1260 CE Sell. 1 13 13
NET PREMIUM PAID : 8 POINTS ; RISK : 3000 ; REWARD : 6000

Corporate Action:
NA

Security in Ban period:
BEML, DHFL, IBREALEST, JSWENERGY, RCOM, RELCAPITAL

Courtesy Motilal Oswal
For important disclosures regarding Motilal Oswal Research, visit:

12/10/2017

Market Roundup:- 12/10/2017

Dealer's Diary:
All round buying lifted market over 1% to close at a 3-week high. Nifty climbed up 112 points (1.1%) to close at 10096 and Sensex gained 348 points to close at 32182. Strong global cues, favorable government policy, GST implementation and DIIs buying interest boosted the market sentiment. US market ended on a record high. Both Nikkei and KOSPI Index close 20-year high and all-time high respectively. Heavyweights, Reliance, HDFC Bank and Hindalco were major contributors to lifted market. Metal, Realty, FMCG, Pharma, select Banking and Auto stocks were major gainers today. IndusInd Bank gained nearly 2% to close at Rs1743. Company reported in line with expected Q2 result and stable NPA. Cyient declined half percent to close at Rs516 after touching day's high of Rs540. Company reported better than expected Q2 result. Sun Pharma gained 3% to close at Rs540. Company gets U.S. FDA EIR after Dadra plant inspection. NBCC surged 9% to close all time high of Rs242 as the company bagged large orders. Reliance gained 4% to close at all-time high of Rs873. Company will be announce Q2 result tomorrow. Metal stocks recorded smart rally on account of rising base metal price on LME. Hindalco climbed up 6% to close all time high of Rs264. National Aluminum gained 5% to close at Rs84.

Technical Outlook:
Nifty index opened positive and witnessed sustain buying interest till the end of session. It rallied by more than 100 points and nullified the effect of Bearish Engulfing pattern formed on last session. It made a strong Bullish candle and closed at the highest levels in last 14 trading sessions. Now it has to continue to hold above 10050 to extend its move towards life time high of 10178 then 10300 while on the downside supports are seen at 10020 then 9950.

Courtesy Motilal Oswal
For important disclosures regarding Motilal Oswal Research, visit:

12/10/2017

Market Update-12/10/17

Sensex:32182.22(+348.23)
Nifty:10096.40(+111.60)
10yrGSec:6.75
INR/USD:65.06
Crude Oil-Brent:56.65

GK Capital

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