MARKET WRAP: Sensex settles 39 pts higher; IT, pharma stocks decline

Markets ended flat on Friday dragged by uncertainty over announcement of any revival package by the government and weak global cues. Indices remained lacklustre for better part of the day, only to turn volatile in the afternoon trading session.

The benchmark S&P BSE Sensex settled with gains of 39 points, or 0.10 per cent, at 37,350 levels led by banking and automobile stocks. The gains were, however, capped by losses in the technology and metal scrips. Power Grid, Maruti Suzuki, YES Bank, and IndusInd Bank were the top gainers at the 30-share index, while TCS, Vedanta, HCL Tech, and HDFC were the top laggards. The broader Nifty50, too, closed at 11,048-mark, up 18 points or 0.17 per cent. The Sensex and Nifty, each, slipped 0.6 per cent during the week, while Nifty Bank and mid-cap indices shed 1 per cent each during the period.

Sectorally, public sector banks gained the most, with the Nifty PSU Bank index closing 1.5 per cent higher. This was followed by Nifty auto index, up 1.15 per cent. Nifty IT and pharma indices ended with cuts of 0.65 per cent and 0.77 per cent, respectively.

In the intra-day trade, the Sensex and Nifty50 slumped to lows of 36,974 and 10,924 levels, down 337 points and 105 points respectively.

In the broader market, S&P BSE mid-cap ended the day at 13,491 level, up 14 points or 0.10 per cent. Further, S&P BSE small-cap settled at 12,585 level, up 14 points, or 0.11 per cent. 

BUZZING STOCKS

Shares of Aarti Industries slipped 8 per cent to Rs 1,595 on the BSE in the intra-day trade on Friday. The stock fell 9 per cent from its early morning high on profit-booking after the management lowered FY20 revenue/profit guidance considering slowdown in end-use industries. The stock closed at Rs 1591, down 8 per cent. READ MORE

Shares of Apollo Hospitals Enterprises rallied 7 per cent intra-day to Rs 1,454 apiece on the BSE on Friday, also its 52-week high, on strong June quarter results for FY20 (Q1FY20). The stock has surged 10 per cent at the bourses since Tuesday, when it reported more than double consolidated net profit at Rs 49 crore. The company had a profit of Rs 23 crore in the year-ago quarter. The stock is 6 per cent away from its all-time high level of Rs 1,544 touched on March 2, 2016. It ended at Rs 1471, up 8 per cent. READ MORE
GLOBAL CUES

World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the US yield curve inverted for the first time since 2007.

European shares opened higher, with the pan-European STOXX 600 index 0.7 per cent higher and the trade-sensitive DAX index outperforming.

Japan’s Nikkei recouped early losses to end 0.06% higher and Shanghai blue chips rose 0.3 per cent, after China’s state planner said Beijing would roll out a programme to boost disposable income.

MSCI’s All Country World Index, which tracks equities across 47 countries, was up 0.2 per cent on the day. It was still set for its third straight losing week, down 2.2 per cent.

(With inputs from Reuters)

3:37 PM IST

3:37 PM IST

3:35 PM IST The S&P BSE Sensex settled at 37,350, up 39 points or 0.10 per cent while NSE's Nifty50 index gained 18 points or 0.17 per cent to end at 11,048. 

3:22 PM IST

3:12 PM IST

2:52 PM IST -- To finalise bank mergers post meet with top govt officials   -- Announcing 1 PSU bank merger at a time remains an option   -- One merger at a time may prolong consolidation of PSU banks

2:49 PM IST -- PMO may meet all Union Secy's to discuss ease of doing business reforms   -- Meet to discuss ways of further improving India's rank on ease of doing business Alert: India stands at 77th position in World Bank's EoDB index

2:47 PM IST -- Capital required to support regulatory needs -- To achieve 12% credit growth   -- Dropped plan to sell stake in PNB Housing as market condition not conducive

2:40 PM IST

2:38 PM IST

2:28 PM IST

LIVE UPDATES

Sectoral gainers and losers on the NSE


Top gainers and losers on the S&P BSE Sensex


CLOSING BELL

The S&P BSE Sensex settled at 37,350, up 39 points or 0.10 per cent while NSE's Nifty50 index gained 18 points or 0.17 per cent to end at 11,048. 

NEWS ALERT | Fitch revises Reliance Industries' long-term local currency issuer outlook to Positive: CNBC TV18


Buzzing | Reliance Nippon trades higher


NEWS ALERT | Govt mulling multiple PSU banks' mergers at one go: sources to BTVi

-- To finalise bank mergers post meet with top govt officials
 
-- Announcing 1 PSU bank merger at a time remains an option
 
-- One merger at a time may prolong consolidation of PSU banks

NEWS ALERT | PMO India calls for high level meeting on Ease of Doing Business: sources to BTVi

-- PMO may meet all Union Secy's to discuss ease of doing business reforms
 
-- Meet to discuss ways of further improving India's rank on ease of doing business

Alert: India stands at 77th position in World Bank's EoDB index

NEWS ALERT | To seek Rs 6,000 crore capital infusion from govt in FY20: PNB official to BTVi

-- Capital required to support regulatory needs

-- To achieve 12% credit growth
 
-- Dropped plan to sell stake in PNB Housing as market condition not conducive

Buzzing | Bombay Dyeing gains


Most utility stocks trade higher; S&P BSE Utilities up over 1%


Jubilant Foodworks sheds 2%


Sectoral trends at NSE at this hour


Market check


NEWS ALERT | See 252 GW of peak power demand by 2024: Group of Secretaries

-- See transmission lines capacity at 5,18,000 circuit km by 2024

-- See per capita electricity consumption at 1,630 kWh by 2024

(As reported by CNBC TV18)

NEWS ALERT | See oil & gas production at 95 mtoe by 2024: Group of Secretaries

-- FY19 oil & gas production provisionally estimated at 67.1 mmtoe

-- Expect increase in production by 1.2x and in refining capacity by 1.2x by 2024

Alert: Mtoe is million of tonnes of oil equivalent
         Mmtow is million metric of tonnes of oil equivalent
     
(As reported by CNBC TV18)

UPL gains over 3%


NEWS ALERT | Fitch Ratings downgrades long-term issuer rating of Macrotech Developers: CNBC TV18

Alert: Macrotech Developers were earlier known as Lodha Developers

NEWS ALERT | Federal Bank cuts lending rates by 15 bps across tenors

S&P BSE Sensex contribution


Anand Rathi Financial Services on Neuland Labs

We cut our FY20e and FY21e EBITDA 9.1% and 6.1% respectively and PAT 9.6% and 8.1% on account of the lower-than-anticipated gross-margin assumption. On the recent fall in the stock price, we upgrade our recommendation to a Buy, with a price target of Rs 667, based on 15x FY21e EPS. 
 
Risks: Regulatory issues with any plant; delay in regulatory approvals.

Nifty PSU Bank index is trading higher


Nifty sectoral indices at this hour


Apollo Hospitals up 10% in two days on strong Q1 results; nears record high

Shares of Apollo Hospitals Enterprises rallied 7 per cent intra-day to Rs 1,454 apiece on the BSE on Friday, also its 52-week high, on strong June quarter results for FY20 (Q1FY20). The stock has surged 10 per cent at the bourses since Tuesday, when it reported more than double consolidated net profit at Rs 49 crore. The company had a profit of Rs 23 crore in the year-ago quarter. The stock is 6 per cent away from its all-time high level of Rs 1,544 touched on March 2, 2016. READ MORE

Essel Propack dips over 9%


NEWS ALERT | London’s FTSE 100 index failed to open at the start of the European trading on Friday: Reuters

-- The London Stock Exchange (LSE) has said it is currently investigating a potential trading services issue

Cholamandalam Financial Holdings slip over 3%


Stocks that hit 52-week low on S&P BSE Sensex

COMPANY PRICE(rs) 52 WK LOW CHG(rs) CHG(%)
ANDHRA BANK 19.05 18.55 -0.05 -0.26
B H E L 51.30 50.25 0.25 0.49
BRITANNIA INDS. 2461.90 2444.00 -18.95 -0.76
COFFEE DAY ENTER 62.95 62.95 -3.30 -4.98
CORPORATION BANK 19.50 19.05 -0.25 -1.27
» More on 52 Week Low

YES Bank raises Rs 1930 cr through qualified institutional placement route

YES Bank said on Friday it has raised Rs 1,930 crore through the qualified institutional placement (QIP) route which opened on August 8 and closed on August 14. The bank allotted 23.1 crore equity shares of face value of Rs 2 each to eligible qualified institutional buyers (QIBs) at Rs 83.55 per equity share in accordance with the pricing formula provided under Regulation 176(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018. READ MORE

NEWS ALERT | KNR Constructions enters into a share purchase agreement for sale of SPV worth Rs 96 cr: BSE filing


Weakness in Mumbai luxury real estate to continue in FY2020: ICRA

The unsold inventory in most of the markets in Mumbai is high at present and it stands around 52-54% (of launched areas) across all the micro markets. Central Mumbai contributes to 32% of total unsold inventory in Mumbai city; however, in terms of value of inventory, the share is much higher at around 55% and more than 70% of it is from tier-I developers. ICRA estimates that the value of unsold inventory in central Mumbai is at Rs 45,000 crore as on June 2019. Considering the high value of inventory in the micro market, its underperformance has severely impacted the real estate sector in Mumbai.
 
Demonetisation in November 2016, RERA implementation starting from May 2017, GST implementation starting from July 2017 followed by various changes in GST rates had been the key developments which have impacted the market over the last few years. In the near term, the trends of deferred buying and back-ended payments from customers in the luxury segment are likely to prevail.

Amara Raja Batteries slips 1%


Market recovers


NEWS ALERT | Govt may ask banks to consider relaxing dealer credit repayment threshold for auto dealers: sources to BTVi

-- Govt may announce refinance window for auto NBFCs to spur growth
 
-- Fin Min asked to compile report on equity market correction, flight of capital

YES Bank extends gain


Stock of the week :: Kotak Securities

Vedanta
 
Price: Rs 142 
 
Target: Rs 200 
 
Potential Upside: 40.8%

We cut EBITDA estimates for FY20-21E by 5-6% mainly led by a stronger INR forecast and 4% lower LME aluminum prices. High parent debt should keep dividend payout high and we estimate a +10% dividend yield at CMP. We cut our fair value to Rs. 200 (Rs. 225 earlier) on lower earnings at 5.4X attributable EV/EBITDA FY2021E versus stock at 4.7X and maintain BUY 
 

Indiabulls Housing Finance crashes 10% on Moody's rating downgrade

Shares of Indiabulls Housing Finance (IBH) slumped 10 per cent to Rs 498 on the BSE in Friday's early morning trade after global rating agency Moody's downgraded the mortgage lender's long-term corporate family rating to Ba2 from Ba1, while changing its outlook to negative from stable. The 'negative' outlook generally means the ratings won’t improve in the next 12-18 months. The ‘Ba’ rating, as per Moody’s rating scale, is “judged to be speculative, subject to substantial credit risk.” READ MORE

Glenmark Pharma slips over 5%


SBI Life extends rally on strong June quarter earnings

Shares of SBI Life Insurance Company were trading 3 per cent higher at Rs 838 per share on the BSE on Friday, extending a 5 per cent rally seen on Wednesday, in an otherwise weak market on expectations of strong growth outlook. The stock was trading at its highest level since it got listed at the exchanges on October 3, 2017. During the past six months, it has rallied 48 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex. READ MORE

ICICI Securities on NBCC

While NBCC enjoys a unique business model and strong orderbook, delay in commencement of its redevelopment projects has impacted execution meaningfully. Hence, we cut our estimates sharply and now expect consolidated revenues and PAT to grow at a CAGR of 11.2% and 9.0% to Rs 12,290.4 crore and Rs 445.8 crore, respectively, in FY19-21E. Hence, we downgrade the stock to HOLD despite the attractive valuation (14x FY21E EPS) with a target price of Rs 40/share (16x FY21E EPS).

Edelweiss Securities on Century Plyboards

Though we recognise challenging conditions are weighing on the home decor industry, we maintain ‘BUY’ on Century Plyboards (CPBI) given the large unorganised market in plywood and potential strong growth in the MDF segment. We estimate CPBI would clock robust EPS CAGR of 35% over FY19–21E and 22% RoCE by FY21E. Maintain ‘BUY’ with a TP of Rs 214 based on 20x September 2021E EPS. The stock is trading at an attractive 14.3x FY20E and 10.8x FY21E EPS.
 

HEG dips 8% after profit falls 69% YoY in June quarter

Global slowdown in steel demand coupled with increased steel exports from China is expected to impact demand of electrodes. China is expected to have graphite electrode capacity totaling 1.5 million tonnes by 2020, up 66.7 per cent from 0.9 million tonnes in 2017 to support newly installed EAF capacities. READ MORE

Hero MotoCorp shuts plants from Aug 15-18, says market situation to blame

India's largest two-wheeler maker, Hero MotoCorp has decided to close its manufacturing facilities for three days. The reasons stated are annual holiday and due to the prevailing market condition. After car makers announced plant closures for a few days, Hero will be the first two-wheeler maker to officially announce a temporary stop in production.
 
The company stated that production planning is a matter of advance monitoring of market dynamics and prudent demand forecasting. This helps us to plan our production well in advance, thereby enabling us to stay flexible, both in terms of volumes and production schedules, it said. READ MORE

Tata Motors slips after rating downgrade


YES Securities on IPCA Labs

Domestic business guidance of 13-15% is ahead of prior indication while API growth has surprised on the upside. This leads to a cut in margin due to rise in active pharmaceutical ingredients (API) share even as the reduction is cushioned by larger base of absolute EBIDTA. We like the revenue visibility coupled with lack of margin volatility due to absence of US business. Retain BUY based on 21x FY21 PE, at a premium to the sector valuation with unchanged 1-year PT of Rs 1,100.

IGL rises around 3% on strong Q1 results


To 5 gainers on the BSE at this hour

NILKAMAL 1,032.85 +44.25 +4.48
APOLLOHOSP 1,415.20 +56.90 +4.19
 
TRENT 466.80 +22.25 +5.01
 
RELCAPITAL 49.70 +2.80 +5.97
 
CESC 799.10 +35.65 +4.67
 

MARKET CHECK | Glenmark Pharma slips over 5% as CLSA maintains 'Sell' rating


JM Financial on NMDC

Aggressive output from the expiring mines may pressurise realisation in 2HFY20. Timely auction of the operational mines and smooth transition will ensure minimal supply disruption in FY21. High dividend yield remains the key investment argument. However, capital expenditure towards RoE/RoCE dilutive (mining vs. manufacturing) steel plants may limit dividend outflow going forward. Maintain BUY.
 

STOCK ALERT | IDBI Bank tumbles as much as 12% on weak Q1 nos

Shares of IDBI Bank plunged as much as 12.33 per cent to Rs 23.80 apiece in the morning trade on Friday after the lender posted a net loss of Rs 3,800.84 crore for the quarter ended June 30, 2019. The bank had registered a loss of Rs 2,409.89 crore in the year-ago period. READ MORE


Nifty Auto index turns positive


ONGC lines up Rs 83,000 crore investment for 25 new oil, gas projects

Cumulative oil and gas gain from around 15 of these projects is expected to be over 180 Million Metric tons of Oil equivalents (MTOE) in their life cycle. The national explorer is envisaging a gas output of over 32 Billion Cubic Meters (BCM) by financial year 2024, he said, addressing the employees on 73rd Independence Day celebrations, through a webcast from headquarters Dehradun to over 30,000 employees across 38 work locations of ONGC. READ MORE

Sensex pares some losses


Auto stocks trade under pressure

COMPANY LATEST(rs) CHG(rs) CHG(%) VOLUME
TATA MOTORS 119.00 -1.85 -1.53 256344
ASHOK LEYLAND 61.90 -0.55 -0.88 140636
TATA MOTORS-DVR 56.05 -1.25 -2.18 50619
ESCORTS 459.75 -6.00 -1.29 17758
MARUTI SUZUKI 5766.20 -49.35 -0.85 12696
» More

ICICI Securities on Essel Propack

We model revenue, earning CAGR of 11%, 14%, respectively, in FY19-21E supported by the overseas business. Though the European business has shown a sharp recovery in margin after many quarters, the poor performance of Amesa region weighs on profitability. We revised our rating from HOLD to REDUCE with revised target price of Rs 95/share. 

Aarti Industries slips 5.6%


Most active stocks by volume

COMPANY PRICE(rs) CHG(rs) CHG(%) VOLUME
YES BANK 78.15 1.60 2.09 988451
REL. COMM. 1.21 -0.02 -1.63 726305
VODAFONE IDEA 5.59 -0.04 -0.71 681989
RELIANCE CAPITAL 51.55 4.65 9.91 546276
JINDAL STEEL 100.60 -3.20 -3.08 493763
» More on Most Active Volume

Momentum Picks by ICICI Securities


Metal stocks lose shine


Apollo Hospitals rises over 4%


Nifty Bank index sheds over 200 pts


Reliance Capital zooms over 8%


Market check


Market check


NIIT Technologies sheds over 2%


Sobha dips over 4% in trade


IDFC First Bank slips 1%


Srei Infra trades 2% lower


Gayatri Projects trades higher


Hathway Cable & Datacom slips in trade


Dish TV slips over 2%


Reliance Industries trades flat with negative bias


HEG slips over 4%


Repco Home Finance trades lower


Market check | Sensex slips further


YES Bank pares early gains; trades 2% higher


Maruti Suzuki trades lower


Indiabulls Housing Finance slips 8% after ratings downgrade


Hero Moto Corp slips in trade after it announces closure of manufacturing facilities b/w Aug 15-18


IDBI Bank slips 10% on weak Q1 nos


Sectoral trends at NSE during Opening trade


Top gainers and losers on S&P BSE Sensex during Opening trade


Market at Open


Market at Open


PM holds meet with Sitharaman and officials to weigh booster dose options

Prime Minister (PM) Narendra Modi on Thursday met Finance Minister Nirmala Sitharaman and officials of her ministry to find solutions to the economic slowdown that has eroded wealth and hit jobs. Sources said the government might soon provide a broad stimulus package or a sector-specific booster dose.
 
There might also be some relief to foreign portfolio investors from the super-rich surcharge, announced in the Budget. READ MORE

Rupee opening

Rupee opens weaker at 71.36/$ vs Wednesday's close of 71.27 against the US dollar

Top gainers and losers on S&P BSE Sensex during Pre-open


Market at Pre-open


Market at Pre-open


Stocks to watch: IDBI Bank, YES Bank, HEG, RIL, Tata Motors, GMR Infra

Here's a look at the top stocks that may trade actively in today's trading session -
 
YES Bank: Private sector lender YES Bank has raised Rs 1,930 crore via issuance of equity shares under the qualified institutional placement (QIP) route, which closed on Wednesday. The lender disclosed five investors bought more than 65.5 per cent of the equity shares in the offered QIP. They include Societe Generale (18.75%), Key Square Master Fund LP (16.18%), BNP Paribas Arbitrage (14.43%), HDFC Trustee Company Limited A/C HDFC Balanced Advantage Fund (10.26%) and Key Square Master Fund II LP (5.88%).
 
HEG: HEG reported a topline (revenue) of Rs 816.5 crore (down 39.4 per cent QoQ, up 48.6 per cent YoY) while EBITDA for the quarter under review stood at Rs 347.8 crore, down 55.9 per cent QoQ, 70.7 per cent YoY. PAT was down 55.3 per cent QoQ, 69.6 per cent YoY. READ MORE

NEWS ALERT | Hero Moto Corp announces closure of manufacturing facilities from Aug 15-18

-- Hero MotoCorp, however, says that the dates of closure of manufacturing units is part of the holiday calendar

NEWS ALERT | YES Bank raises Rs 1,930 crore via QIP: CNBC TV18

-- Bank's tier-I ratio increases to 11.3 per cent & CET-I ratio to 8.6 per cent.

-- Allocation to FIIs from QIP at 34 per cent from US/Europe & 40 per cent from Asia; DII allocation from QIP at 26 per cent.

Tipping point: Are you getting impatient with your small-cap fund?

Over the past year, small-cap funds have given a category average return of -15.9 per cent. Many investors are even thinking of pulling out their money, even if it entails booking a loss. It is not advisable to do so. When you invested, your distributor must have suggested a minimum tenure of five to seven years. Stick to your resolution to be a long-term investor. Even now, their 10-year category average remains 12.8 per cent. Remember that if you are patient, you could again see an year like 2017, when these funds gave a category average return of 50.23 per cent. In future, when a category is doing well, book profits in it. That is not the time to add to your investments in it.
 

More Blackstone joint ventures to hit real estate investment trust market

The rental arm of Mumbai-based K Raheja Corp, where Blackstone holds 15 per cent stake, has begun work on the Reit and appointed Morgan Stanley the banker, say sources. The Raheja company is expected to file papers for the Reit in the next six months, sources said. It has an office portfolio of a little over 20 mn sq ft. Recently, it emerged the finalist to buy the former headquarters of Citibank in the BKC area of this city. READ MORE

Asian indices slump on fear of recession; Nikkei plunges nearly 2%

The losses followed a dark day on European bourses and on Wall Street, with all three US benchmarks tumbling around 3 per cent and US bond yields plunging, as investors deserted stocks for safer treasury assets. Weeks of pro-democracy protests in Hong Kong have added to the climate of uncertainty.  READ MORE

Yield inversion is coming to Asian markets as growth woes spread

The inverted yield curve looks set to be a global phenomenon, with major Asian debt markets primed to mirror the moves in Treasuries as fears grow that the world economy is teetering on the brink of a recession.
 
Yields in Singapore, Australia and Japan are tracking the slide in their US and UK peers as investors take stock of the damage wrought by the Sino-American trade war. A poor German GDP print and disappointing China factory output data on Wednesday underscored the weakness that’s engulfing the global economy. READ MORE

Market Ahead, August 16: All you need to know before the Opening Bell

Global cues, corporate earnings, and report of a possible stimulus package by the government to counter the economic slowdown are likely to dominate Dalal Street proceedings on Friday. As per reports, the government might soon provide a broad stimulus package or a sector-specific booster dose. This comes after Prime Minister Narendra Modi's meet with Finance Minister Nirmala Sitharaman and officials of her ministry on Thursday. There might also be some relief to foreign portfolio investors from the super-rich surcharge. LISTEN TO PRE-MARKET PODCAST HERE

Listing of Edelweiss' advisory business within 2 years, says Nitin Jain

The NBFC sector is undergoing huge turbulence and policy makers will have to take further steps to tackle the problem, says Nitin Jain, CEO of Global Wealth & Asset Management at Edelweiss Financial Services. In an interview to Samie Modak, Jain spells out plans for the company. READ MORE
Nitin Jain, CEO of Global Wealth & Asset Management at Edelweiss Financial Services

'Longer it goes on, the stronger we get': Trump takes on China on trade war

Asserting that the United States is "having a very good discussion" on a trade deal with China, Trump told reporters at the Morristown airport in New Jersey that he will speak with Chinese President Xi Jinping "very soon".
 
On the protests in Hong Kong which have been going on since early June, the US president said that Xi can "humanely" solve the problem so that "everybody is happy". READ MORE

From auto to banking, grumble of slowdown is getting louder for India Inc

The grumble of economic slowdown is getting louder for corporate India. The combined net profit of India’s top 1,470 listed companies ex-financials and energy contracted for the third consecutive quarter year-on-year (yoy) basis during April-June 2019 quarter while net sales growth hit a three-year low. READ MORE

NBFCs will be in goodwill hunting mode for some time to come: Experts

Is the worst over for non-banking financial companies (NBFCs)? Keki Mistry, vice-chairman and chief executive officer (CEO) of the Housing Development Finance Corporation (HDFC) feels “though the liquidity situation has eased considerably as compared to what it was in September 2018, the reluctance to lend to NBFCs is still there”. READ MORE

Reliance Industries may buy more cable companies to aid JioFiber plans

Reliance Industries (RIL), which will commercially roll out its fibre-to-the-home broadband network under JioFiber next month, may consider buying more cable companies to support its plans, people in the know have told Business Standard. The option of partnership with cable companies is also on the table, they said, as RIL looks to disrupt the broadband market like it did in telecom three years ago. READ MORE

Key deals last week: International Finance-Srinivasa Farms, and more

1. Includes Sigefi Private Equity 
 
2. Includes Shunwei Capital Partners, SAIF Partners, Venture Highway LLP, Sequoia Capital India Advisors, RPS Investment Fund, Facebook, Arun Sarin 
 
3. Includes Bertelsmann Corporate Services India, Sequoia Capital India V 
 
4. Includes Bertelsmann Corporate Services India, Fullerton Financial Holdings 
 
There were 16 PE deals worth $382.19 million with no exit in the last seven days ended August 14, 2019

What will happen in the stock markets?

One of my favourite clients recently sought my opinion about an investment strategy called value investment plan (VIP) – a variant of the popular systematic investment plan or SIP. And of course, he followed it up with the all-time favo­urite question: What will happen in the stock markets? First, the fact remains that it is almost impossible to pre­dict the co­urse of the stock markets, even ov­­er a longer period. READ MORE

Safe bet in slowdown season: Software exporters, FMCG bring investors cheer

As economic slowdown hits more sectors, software exporters and fast-moving consumer goods (FMCG) companies have emerged as a safe haven for investors, with steady growth in revenues and profits. It has also helped that most of the top companies in these sectors, such as Tata Consultancy Services, Infosys, Wipro, HCL Technologies, ITC, Hindustan Unilever, Nestlé, Britannia, and Colgate Palmolive, are debt-free. READ MORE

Nifty View and Top trading ideas by CapitalVia Global Research Limited

Buy Hero MotoCorp above Rs 2,652
 
Target: Rs 2,775
 
Stop loss: Rs 2,550
 
The stock was trading with a positive bias irrespective of current market sentiments. The level above 2,652 would result in resistance breakout on the daily charts. Moving average and the Oscillator setup is bullish on the short- and medium-term charts. Considering the technical evidence discussed above, we recommend buying the stock above Rs 2,652 for the target of Rs 2,775, keeping a stop loss at Rs 2,550 on closing basis. READ MORE

Stock pick by Tradebulls Securities

Stock: JSW STEEL
 
Reco : BUY
 
CMP: Rs 227.75
 
The stock continued its recovery from 52-week lows, closing above its recent gap resistance placed around 223 levels. Daily RSI picked up momentum after surpassing its signal line, as expected. Further short covering can be expected in the stock above 230 levels as it bears highest call OI. The stock can be bought with a stop placed below Rs 224.20 price confluence support zone for short covering move targeting 242 levels in coming sessions. READ MORE

Bulk deals on NSE as on Wednesday

Date Symbol Security Name Client Name Buy / Sell Quantity Traded Trade Price /
Wght. Avg. 
Price
Remarks
14-Aug-2019 COX&KINGS Cox & Kings Limited CHETAN RASIKLAL SHAH BUY 10,20,002 7.45 -
14-Aug-2019 COX&KINGS Cox & Kings Limited CHETAN RASIKLAL SHAH SELL 10,00,002 7.45 -
14-Aug-2019 COX&KINGS Cox & Kings Limited JYOTI PORTFOLIO LTD BUY 20,00,000 7.45 -
14-Aug-2019 COX&KINGS Cox & Kings Limited JYOTI PORTFOLIO LTD SELL 1,07,127 7.95 -
14-Aug-2019 COX&KINGS Cox & Kings Limited RATTANINDIA FINANCE PRIVATE LIMITED SELL 18,93,192 7.45 -
14-Aug-2019 DHFL Dewan Housing Fin Corp TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED BUY 19,36,624 47.50 -
14-Aug-2019 DHFL Dewan Housing Fin Corp TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED SELL 19,36,624 47.33 -
14-Aug-2019 IBULHSGFIN Indiabulls Hsg Fin Ltd TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED BUY 21,89,053 574.75 -
14-Aug-2019 IBULHSGFIN Indiabulls Hsg Fin Ltd TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED SELL 21,89,053 574.91 -
14-Aug-2019 LYPSAGEMS Lypsa Gems & Jewel Ltd ANTARA INDIA EVERGREEN FUND LTD BUY 4,88,663 3.85 -

FII/FPI & DII trading activity on NSE, BSE and MSEI


Rupee check


Oil check

At 8:12 am, Brent Crude Futures were at $58.64 per barrel.

SGX Nifty

At 8:11 am, the Singaporean Exchange for Nifty Futures was trading 51 points higher at 10,948 level, indicating a positive start for the domeestic indices.
 

Asian Markets check


US Market check


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