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Monday 22 February 2016

INDIAN BENCHMARKS MARKET WRAP-UP UPDATES


INDIAN BENCHMARKS: SENSEX SURGES 80 POINTS,NIFTY 50 CLOSES ABOVE 7230

The domestic equity market notched up marginal gains on Monday following strong cues from its global counterparts. The BSE S&P Sensex ended a choppy day 0.34 per cent, or 79.64 points, higher at 23,788.79, while the NSE's Nifty Trading Tips 50 index rose 0.36 per cent, or 26.30 points, to end at 7,237.05. 
Reliance Industries (RIL) led the surge from the front, gaining some 1.90 per cent amid reports that the company was ready to roll out telecom operations across 80 per cent the country by the second half of this calendar. Also, RIL Chairman Mukesh  Ambani's projection in an interview to CNN about a long slump in crude oil lifted investor sentiment on the counter. 
Among other index stocks, HUL gained 4 per cent to Rs 857, Sun Pharma rose 2.14 per cent to Rs 882, Asian Paints.70 per cent to Rs 868 and Dr Reddy's Labs 1.66 per cent to Rs 3,113. 
ITC shares fell 1.72 per cent amid worries over further tax hike on tobacco products in the Budget. Among others NTPC (down 2.05 per cent), GAIL (down 1.29 per cent), Maruti (down 1.61 per cent) and Wipro (down 0.81 per cent) ended in the red, paring the Sensex gains. 


HEADLINES OF THE DAY

  • Government plans 49% FDI in insurance via automatic route
  • L&T in talks with Blackstone to sell Seawood shopping mall
  • Cadila gets approval for antibiotic drug Doxycycline

The crucial resistance for Nifty SPOT is now seen at 7271 and above this 7324. Support for the immediate term is now placed at 7127 and next support will be 6980.



Corporate News Update

CAPITALSTARS

 DAILY CORPORATE NEWS


L&T in talks with Blackstone to sell Seawood shopping mall
L&T in talks with Blackstone to sell its Seawood, Navi Mumbai based shopping mall, for Rs 1200-1500 crore.
The asset is being non-core asset for L&T, if the deal happens at a profitable terms, this could be positive for L&T from asset monetization point of view.

Asian Paints shuts operations at Rohtak facility Haryana
Asian Paints operations at its paint manufacturing unit at Rohtak, Haryana, have been shut down from February 19, 2016, due to agitation at IMT, Rohtak.
The unit has manufacturing capacity of 2 lakh kilo litre per annum. The company has not disclosed the quantum of product loss it will suffer due to plant shut down and will do it in due course of time.

Lupin, Gavis to sell two drugs to fulfill US FTC condition
Lupin and Gavis Pharmaceuticals LLC, which the Indian firm announced to acquire in a USD 850 million deal last year, have agreed to divest two generic drugs as part of the US Federal Trade Commission (FTC) requirement to complete the transaction.
The companies have agreed to sell rights and assets for two generic drugs to New Jersey-based G&W Laboratories in order to settle charges that Indian firm's proposed acquisition would likely be anti-competitive.

Government plans 49% FDI in insurance via automatic route
Government plans 49% FDI in insurance via automatic route-Max India, Bajaj Finserv.
Government is considering permitting 49% in FDI through automatic route in the insurance sector to attract more overseas inflows.
Currently, FDI up to 26% is permitted through automatic approval route and for FDI up to 49% FIPB approval is required. According to media sources, the government could announce this decision in the forthcoming Budget.

Cadila gets approval for antibiotic drug Doxycycline
Cadila Healthcare gets approval for antibiotic drug Doxycycline from Ahmedabad SEZ.



Sunday 21 February 2016

MCX Bullion News Updates

Gold prices-Gold dipped in Asia on Monday as investors stayed cautious on prospects for further gains despite easy global monetary policies. Gold for February delivery on the Comex division of the New York Mercantile Exchange dropped 0.35% to $1,226.50 a troy ounce. Reports on U.S. durable goods orders and consumer confidence will also be in focus. On Monday, the euro zone is to release survey data on manufacturing and service sector activity. Germany and France are also to release individual reports.

MCX Copper Tips-SHFE 1604 copper is expected to move between RMB 35,800-36,100/mt on Monday. Pro-growth measures continue in Chinese market but mounting inventories trigger worries in market. Base metals prices are expected to rise early this week but growth should slow in the latter half of the week. Investors should not be overt pessimistic or bullish due to the March-April peak season. Base metals prices are still bearish in the long term point of view with slow consumption growth.

Crude oil prices-Crude oil prices gained further in Asia on Monday with the front-month contract up following a drop in U.S. drilling activity last week. On Friday, consultant Baker Hughes said the U.S. rig count fell by 26 to 413 in the week ended Feb. 19. Last week, oil prices fell sharply on Friday, as market players continued to focus on a global supply glut and amid doubts over the likelihood of a collective cut happening anytime soon.



Budget 2016: If there were announcements that will boost these sectors, Know Top Picks


The stock market's eyes are set on the budget now. Budget-related news is seeing a sharp movement in the sector.It is believed that the decline in banking stocks than three months after the budget to support banks may announce some.Similarly, to promote infrastructure is expected to be some major announcements. All these announcements will impact on stocks of companies of sectors.

What are the expectations from the budget
Our research analysis said Separate from the budget market and industry expectations. The finance minister will take such steps as are necessary to promote the growth.The government should come forward to increase capital expenditure and trying to achieve fiscal deficit target should be extended for a year.Increased government spending will help boost growth, although it will not impact immediately, but gradually increase the growth and economy will significantly strengthen cooperative.

How will the market move  
Our research analysis said the budget is expected to rise in the market. Crude has stabilized and further negative reports in crude is unlikely.Crude could support stability in the market after the domestic markets and the negative result can get towards the top.Although the global market will remain under pressure in the market.

These announcements can be

  • Auto sector
  • Banking and financial sector
  • Cement Sector
  • Consumer durables sector
  • Infrastructure sector
  • Oil & Gas sector 
  • Reality sector
  • Defense sector
  • Telecom sector
  • Metal sector

Read more : MCX Crude oil tips , MCX natural gas TipsMCX Commodity TipsCrude oilTrading TipsMCX Free Tips, mcx crude oil news, gold price news

INDIAN BENCHMARKS NEWS UPDATES


INDIAN BENCHMARKS are likely to witness cautious opening as the global cues look slightly supportive with SGX Nifty trading 21.50 points higher.

Global Indices:

  • Asian stocks rallied on Monday as a weaker yen bolstered markets in Japan while China replaced the head of its securities regulator, underpinning confidence in the country’s equities. China’s Shanghai Composite and Hang Seng advanced over 1 per cent each amid speculation that a new regulator for the China securities market may help boost the Chinese equity market.


  • Wall Street closed little changed on Friday, marking the biggest weekly rally since November led by gains in shares of technology and consumer shares, offsetting a drop in oil prices. The Dow Jones Industrial Average fell 0.13 per cent; the Nasdaq Composite advanced 0.38 per cent while S&P 500 closed unchanged.


  • European shares turned lower on Friday, hit by a drop in bank, oil and auto shares, as investors locked in gains following a strong week that has helped to stabilise markets after a tumultuous start to the year.

Trend in FII flows:   
The FIIs were net  sellers of  Rs -191.73 Cr in the cash segment on Friday while the DIIs were net buyers of  Rs 16.53 Cr, as per the provisional figures released by the NSE.

Friday 19 February 2016

Budget 2016: the budget before these stocks was at stake, expect decent returns


Budget in a few days left. Budget-related news is seeing a sharp movement in the sectors.The large fluctuations in the market, the question is then, that investors should do now.Expert Committee on the market and large brokerage houses like selective stocks Infosys, HDFC Bank, Coal India, L & T, IRB Infra, Britannia, Hexaware, Godrej Consumer, Ashok Leyland, Coromandel International opinion has been shopping at.Brokerage house believes that such announcements are expected in the Budget, which will support these companies.

Budget may find market direction
Our research analysis said the market is difficult to tell whether the bottom is made.And the budget can get the market direction. Daily reports on the strength of the global market moves up and down.And now the budget is expected to stabilize the market. Budget to market expectations and the market probably also show up on its own.

Our research analysis upcoming budget will remain weak market.FMCG sector would benefit from falling prices of crude and hence disposable income will grow.Non-food inflation may also be lower and inflation figures are expected to benefit.However, the government increased excise crude consecutive full advantage of the customers did not fall.Now that the little progress, people's expectations from the budget.

Where are the eyes of the market
Our Research analysis says budget and now the market is waiting for the budget and only then the market will find the right direction.NPAs of banks reported that banks have seen the panic in the market is suffering immensely.And now the banks will wait for the results of the fourth quarter reduced the problem of bad loans and how many of them fall in the rupee movement.June-July and the Fed meeting on interest rates will be for him to decide what happens.If the interest rates rise in the rupee movement is again to be volatile.

Top Budget 2016 stock pick 

IRB Infra
IRB Infra our research analysis  report can be purchased.In terms of growth in the next 3 years Research advisor IRB Infra is the best stock.The government plans to build 30 km of roads every day, IRB Infra which will benefit.Also announced in the budget are possible, such as cheap loans and norms.Transparent licensing and land acquisition policy in the budget relief is possible, the company will benefit.

Coromandel International 
According to the government's promotion of organic fertilizer from IIFL Coromandel International will benefit.The steady decline in the debt also showed improvement in the financial health of Coromandel International.It is believed that the government can pay subsidies to fertilizer company Coromandel International can get more benefit.

Ashok Leyland
Our research on Ashok Leyland is advised to purchase.our researcher analysis despite the rain in Chennai Ashok Leyland has introduced excellent results.The fast pace of economy and is likely to increase sales of the company. The government to promote exports in the auto sector, some tax concessions could.

Britannia
Britannia our research analysis report advises on the investment.According to the company's results were better than expected.Profits grew 50 percent and revenue 11 percent. Loss of corporate tax in the budget discussions can be.The tax reduction will be a major benefit for the company.

Infosys
Our research analysis has recommended investment in Infosys.According to the company's results were better than expected.January-March quarter is expected to be good for the company. Tax concessions in the budget sector is expected.This could increase the profit of companies.


Read more : MCX Crude oil tips , MCX natural gas TipsMCX Commodity TipsCrude oilTrading TipsMCX Free Tips, mcx crude oil news, gold price news








Performance Of The Day


CS PERFORMANCE MESSAGE:
STOCK FUTURES:
FUTURES INTRADAY:
JSW STEEL  FUTURE BUY CALL 3  TG
HDFC   FUTURE SELL CALL 2 TG
KSCL FUTURE BUY CALL 1 TG
                                                                                                                                                                    OPTION:
LUPIN1750  CALL BUY CALL2 T G
M&M 1220 CALL BUY CALL 1 TG

STOCK CASH INTRADAY:
HEROMOTOCO BUY CALL 3 TG
JSWSTEEL BUY CALL 2 TG
DRREDDY SELL CALL  1TG
HINDPETRO SELL CALL

STOCK CASH  PREMIUM:
INFY BUY  CALL1 TG
RUSHIL  BUY  CALL1 TG

Read more : MCX Crude oil tips , MCX natural gas TipsMCX Commodity TipsCrude oilTrading TipsMCX Free Tipsstock market tips for intraday free intraday trading tips free

INDIAN BENCHMARKS MARKET WRAP-UP UPDATES


INDIAN BENCHMARKS: SENSEX ENDS FLAT AFTER A VOLATILE SESSION, NIFTY 50 CLOSES ABOVE 7200

Tracking mixed cues from European and other Asian markets, the domestic equity market ended a volatile week on a flat note.
The S&P BSE Sensex ended a choppy session with gains of 59.93 points or 0.25 per cent, at 23,709.15. The 50-share NSE Nifty Trading Tips 50 also managed to eke out gains to close at 7,210.75, up 19 points, or 0.26 per cent. Both, the bourses have climbed 3.31 and 3.15 per cent, respectively, in the week.
Banking shares gained for the second straight day, with public sector banks taking the lead. The government is likely to set up a "bad bank" to take over the non-performing assets. 

HEADLINES OF THE DAY
  • SBI issues 30,000 Basel III compliant Tier-II bonds; stk up
  • Ultratech purchases two cement plants of JP Associates
  • Bajaj Auto launches CT100B for Rs30, 990

The crucial resistance for Nifty SPOT is now seen at 7271 and above this 7324. Support for the immediate term is now placed at 7127 and next support will be 6980.


Corporate News Update

CAPITALSTARS

 DAILY CORPORATE NEWS


SBI issues 30,000 Basel III compliant Tier-II bonds; stk up
State Bank of India (SBI) rose over 2%, to Rs163.30, after the bank raised Rs3000 crore through issue of bonds on private placement basis.
Leading PSU Bank, State Bank of India has said that it has issued 30,000, Basel III compliant, Tier-II bonds in the nature of debentures, of face value of Rs10, 00,000 each.

Ultratech purchases two cement plants of JP Associates
JP Associates, Ultratech – As per media reports, Ultratech’s purchase of two cement plants of JP Associates in Madhya Pradesh will be folded into a larger transaction under which JP Associates is seeking to divest its entire cement capacity.
However, both the companies have declined to comment on the issue. If the development goes through, it would be positive for both JP Associates and Ultratech.

Bajaj Auto launches CT100B for Rs30,990
Indian two wheeler manufacturer Bajaj Auto has launched its CT100B");'> CT100B commuter motorcycle, priced at Rs30,990 (ex showroom Delhi). It is powered by the same 99cc engine from the older CT100 producing 8.2PS of power.

Tata Global gains on expansion plans
Shares of Tata Global Beverages gained over 2% to Rs106.15 on NSE in an otherwise subdued markets on reports that the company is looking to accelerate Starbucks store expansion
After going slow on expansion of Starbucks outlets owing to a host of reasons, including issues with FSSAI, Tata Global Beverages plans to enhance the pace of increasing the network of the coffee chain going forward.

SpiceJet surges 5% on robust sales in Jan
Shares of SpiceJet rose 5% to Rs68.80 on Bombay Stock Exchange (BSE) after latest data by the Directorate General of Civil Aviation (DGCA) indicate that the airline has managed to register the highest passenger load factor in January.



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Thursday 18 February 2016

MCX Bullion News Updates

Gold prices-Gold prices drifted higher in Asia on Friday ahead of U.S. consumer prices data and a light regional data day. Investors could gain further insight into the Fed's decision making process on Friday when the U.S. Department of Labor releases the Consumer Price Index for the month of January. Overnight, gold rose considerably on Thursday remaining above $1,200 an ounce.

MCX Copper Tips-LME copper will hover between USD 4,560-4,605/mt during Asian trading hours today and SHFE 1604 copper will range RMB 35,500-35,800/mt. Eyes are turning to the result of European Council summit and speeches of two US Fed officials on Friday. Economical figures should also be closely watched, including US January’s year-on-year CPI growth and February’s CCI in euro zone. The German Central Bank considerably cut the forecast for its inflation in 2016. 

Crude oil prices-Crude prices fell in Asia on Friday with the global supply outlook bearish and demand lagging. Later Friday, research group Baker Hughes is expected to report rig count data in the U.S. Anyone who is introducing more supply into the market in the current situation is going to make it worse. Overnight, crude futures pared most of its earlier gains on Thursday, after an unexpected build in U.S. inventories last week pushed inventories to near full storage capacity.



INDIAN BENCHMARKS NEWS UPDATES


INDIAN BENCHMARKS are trading on a lower note during the morning trading session mirroring losses in the global equities after the recent rally in oil prices reversed stoking concerns regarding the outlook of the global economy. Oil futures slipped on oversupply glut. Rise in US crude stocks raised concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and Russia to cap oil output. US crude inventories rose by 2.1 million barrels last week, to a peak of 504.1 million barrels, the third week of record highs in the past month, data from the US government's Energy Information Administration (EIA) showed on Thursday. At 9:29 am BSE SENSEX was at 23609.52, down by 39.7 points or by 0.17% while the NSE Nifty Trading Tips was at 7161.45, down by 30.3 points or by 0.42%. The top gainers of the BSE Sensex pack were M&M up 1.02%, Wipro up 0.99%, RIL up 0.98%, Bajaj Auto 0.96%, Bharti Airtel 0.75%, among others. The top losers of the BSE Sensex pack were BHEL 1.88%, Coal India 1.29%, Axis Bank 1.14%, ITC 1.02%, GAIL 0.82%, among others. Among the sectoral indices on BSE, BSE Metal index was at 6810.74, down by 55.97 points or by 0.82% led by Vedanta 2.18%, Hindalco Inds 1.45%, Coal India 1.29%, JSW Steel 0.67%, Tata Steel 0.66%. 

Asian stocks were trading lower as investors booked profit after gains in the previous sessions as the recent upmove in global crude oil prices took a breather on the back of rising US oil inventory while global economic growth concerns also weighed on sentiment. Japanese shares witnessed profit taking after recent gains. Meanwhile strengthening of the Yen further hurt the sentiments. The benchmark Nikkei was down 2.3% while Shanghai Composite was down 0.1 % while Hang Seng eased 0.6% and Straits Times was down 0.4%

Trend in FII flows:   
The FIIs were net  sellers of  Rs -418.64 Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 712.12 Cr, as per the provisional figures released by the NSE.



3 of 24 listed PSU banks raise profits, what to do now


October-December quarter for the banks is seen as by far the worst season.NPAs of public sector banks increased in the quarter, mostly due to higher provisioning either losers or their profit has declined.The three state-owned banks were the only ones whose performances have been fantastic. For the quarter ended December 31, PSU 21 NPAs of listed banks and 15 private 4.38 lakh crore to Rs 3.4 lakh crore has been reached.

At present, state-owned banks are not good for investment 
Blue Ocean Capital CEO accomplished Mehta Pradrshnh only 3 state-owned banks to the luxurious base of the banking sector should not.Currently, investors should stay away from PSU banks. Just may fall in banking shares.The bank did not say that because someone has their full provisioning but banks to increase provisioning further said.Banks' profit in the next quarter will remain under pressure.

NPAs in Q3 increased loss of 12,000 crore to public sector banks 
NPAs in Q3 increased losses of the public sector banks stood at Rs 12,000 crore.October-December quarter, the bank incurred a loss of 3,342 million, most of which is yet to be any official bank's quarterly loss.The IDBI Bank Rs 2,184 crore, Bank of India lost Rs 1,505 crore.Also in Q3 UCO Bank incurred a loss of Rs 1,497 crore. 1,425 crore loss of Indian Overseas Bank and Dena Bank recorded a loss of Rs 663 crore.

500 million less than the losses in banks Allahabad Bank Rs 486 crore, Rs 425 crore, OBC, Syndicate Bank and Corporation Bank Rs 383 crore to Rs 120 crore loss. Altogether these 11 public sector banks reported a loss of Rs 12,000 crore.

While public sector banks, including State Bank of India saw a sharp drop in profit. SBI's net profit declined 61.6 per cent in the October-December quarter at Rs 1,115 crore recorded.2,910 crore in the same period last year, SBI had profit.While the bank's net profit fell 93 per cent to Rs 51 crore.

3 state-owned banks increased profits
Vijaya Bank, Bank of Maharashtra and Punjab and Sind Bank are the three banks whose profit boom.55.6 per cent of Bank of Maharashtra in Q3 profit stood at Rs 89 crore, 40.6 per cent, while Vijaya Bank net profit of 52.6 crore.Job & Sind Bank recorded a net profit of Rs 21 to 70 percent.

PSU banks to invest in the long-term 
PSU banks' provisioning figures in the next quarter will continue. 2-3 years in terms of investments in the banking sector would be beneficial.October-December 2016 and January-March 2017 quarter, the bank stocks are likely to see.By then would have to clean up banks' balance sheets substantially. Provisioning of banks will be reduced to 2-3 years.Banks are expected to fluctuate in the short term, therefore, do not invest in banking stocks for short-term, or may incur losses.

Read more : MCX Crude oil tips , MCX natural gas TipsMCX Commodity TipsCrude oilTrading TipsMCX Free Tips, mcx crude oil news, gold price news






Friday 12 February 2016

Performance Of The Day


CS PERFORMANCE MESSAGE:
STOCK FUTURES:
FUTURES INTRADAY:
CEAT LTD  FUTURE  SELL CALL 3  TG
CROMPGREV FUTURE SELL CALL 3 TG

NIFTY FUTURES:
NIFTY FUTURE SELL CALL 3 TG

OPTION:
HEROMOTOCO 2500 CALL 1 TG
M&M 1140 CALL 2 TG
AXIS BANK 380 PUT BOOKED
STOCK CASH INTRADAY:
JUBLFOOD  SELL CALL 3 TG
JUBLFOOD SELL CALL 3 TG
WOCKPHARMA SELL CALL 3 TG
BPCL SELL  CALL 2 TG  
SKS MICRO SELL CALL 2 TG

STOCK CASH  PREMIUM:
CEAT LTD  SELL CALL 2 TG
M&M, CANRA BANK  SELL CALL


INDIAN BENCHMARKS MARKET WRAP-UP UPDATES


INDIAN BENCHMARKS: SENSEX ENDS CHOPPY SESSION 34 POINTS UP, NIFTY 50 BELOW 7000
Domestic equity benchmark Sensex gyrated some 560 points between gains and losses all through Friday amid mixed global cues, but ended flat with a slight positive bias. In the process, the benchmark indices logged their biggest weekly drops since July 2009, with the Sensex poorer by 6.62 per cent for the week and Nifty50 down some 6.80 per cent. 
Capital goods major BHEL -13.13 % plunged some 14 per cent after swinging into losses in December quarter, while Adani Ports lost nearly 6 per cent on poor earnings. The duo, along with ONGC (down 4.64 per cent) and L&T (down 3.60 per cent) were the biggest losers in the Sensex pack. 

UPCOMING RESULTS:
BANKBARODA, JINDAL STEL, ALLCARGO,HDIL,GITANJALI,

HEADLINES OF THE DAY
Canara Bank Q3 net profit down 87% (YoY)
M&M Q3 net profit down 14% (YoY)
Sun Pharma Q3: Cons Net Profit at Rs1, 417 Cr Vs Rs395 Cr (YoY)

The crucial resistance for Nifty Trading Tips SPOT is now seen at 7120 and above this 7228. Support for the immediate term is now placed at 6910 and next support will be 6869.

Read more : MCX Crude oil tips , MCX natural gas TipsMCX Commodity TipsCrude oilTrading TipsMCX Free Tipsnse intraday tips for tomorrow ,  intraday tips

Corporate News Update

CAPITALSTARS

 DAILY CORPORATE NEWS


Canara Bank Q3 net profit down 87%(YoY)
Canara Bank has announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015
Net Profit fell by 87.04% to Rs84.97 crore Vs Rs655.97 crore.
Total Income decreased by -1.44% to Rs12050.63 crore Vs Rs12227.86 crore.

Sun Pharma Q3: Cons Net Profit at Rs1, 417 Cr Vs Rs395 Cr (YoY)
Sun Pharma Q3: Cons Net Profit at Rs1, 417 Cr Vs Rs395 Cr (YoY)
Cons Total Income at Rs7, 082 Cr Vs Rs6, 932 Cr (YoY)
Other Income at Rs219 Cr Vs Loss of Rs76.5 Cr (YoY)
Cons EBITDA at Rs2, 169 Cr Vs Rs2, 164 Cr (YoY)
Cons EBITDA Margin at 30.6% Vs 31.2% (YoY)
Tax Expense at Rs202 Cr Vs Rs1, 029 Cr (YoY)

Wipro acquires US-based Health Plan Services for $460mn
Wipro has signed a definitive agreement to acquire Health Plan Services from Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry for a purchase consideration of USD 460 million.

IDBI Bank Q3 net loss at Rs2184 crore (YoY)
IDBI Bank Ltd announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015
The Bank has posted a net loss at Rs2183.68 crore Vs net profit of Rs102.79 crore (YOY).
Total Income has decreased to Rs7361.86 crore Vs Rs7935.99 crore (YoY)

M&M Q3 net profit down 14% (YoY)
Mahindra & Mahindra ( M&M) has announced the following Q3 Un-Audited Standalone results for the quarter ended December 31, 2015 (YoY):
Net Profit fell by 14.23% to Rs807.99 crore Vs Rs942.14 crore.
Total Income increased by 16.66% to Rs11096.89 crore Vs Rs9511.55 


Thursday 11 February 2016

MCX Bullion News Updates

Gold prices-Gold prices fell in Asia on Friday as investors took profits on overnight gains and assessed anew the path of interest rates in the U.S. Overnight, gold skyrocketed more than $60 an ounce at session highs on Thursday, surging to its highest level in more than a year, as sharp declines in European banking stocks sent tremors through global markets pushing investors to seek shelter in the safe-haven asset.

MCX Copper Tips-Copper February expiry contract closed at Rs 304.15 per kg on 10 Feb 2016 against Rs 306.40 per kg on 9 Feb 2016. Volumes gained sharply and almost doubled in a single day trade. The total volumes were 43793 lots against 62498 lots on 9 Feb 2016. Open interest gained to 18803 against 18172 on 9 Feb 2016.

Crude oil prices-Crude oil prices gained further in Asia on Friday spurred by what appear to be a renewed effort by major producers to coordinate a cut in global output. Minutes after the U.S. close, Dow Jones reported that OPEC members are preparing to cooperate on potential production cuts according to UAE's energy minister. The comments boosted prices for both benchmarks.




INDIAN BENCHMARKS NEWS UPDATES


INDIAN BENCHMARKS are poised to bounce back from Thursday’s carnage and open higher on the last day of the trading week as a four-day plunge paves the way for value buying, by investors and speculators, in the local bourses, at existing levels. SGX Nifty is trading 98.50 points higher. Fed Chair Janet Yellen’s comments wherein she highlighted concerns over the health of the US economy amidst a global turmoil even as she signaled delayed rate hikes, weighed heavily Indian markets fell over 3% on Thursday to the lowest since May 2014, its biggest daily fall in nearly six months as fears of a slowdown in the global economy hammered markets worldwide. The S&P BSE Sensex and CNX Nifty Trading Tips  ended 3.40%-3.32% lower each. 

Global Markets:

  • Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets.
  • European share index plunged to its lowest level in 2-1/2 years on Thursday, led down by a renewed slump in banks and commodity-related stocks, with Societe Generale sliding after disappointing results.
  • The Dow industrials and S&P 500 rang up their fifth losing day in a row Thursday, falling amid a global rout led by tumbling oil prices and losses in financial stocks. 

Major Headlines of the day:

  • Domestic steel companies hike prices by up to 4%.
  • Tata Steel to start production at Kalinga agar plant in FY17.
  • RIL offers discount on fuel sold at some Gujarat outlets.

RESULT’S ON 12th  FEB  2016 :  ADANIPORT, BPCL, CANARA BANK, HPCL, M&M.OIL, SUNPHARMA, SUNTV, ADANIPOWER

Trend in FII flows:   
The FIIs were net  sellers of  Rs -1112.66 Cr in the cash segment on Thursday while the DIIs were net buyers of  Rs 1222.12 Cr, as per the provisional figures released by the NSE.

Read more : MCX Crude oil tips , MCX natural gas TipsMCX Commodity TipsCrude oilTrading TipsMCX Free Tipsnse intraday tips for tomorrow ,  intraday tips

Corporate News Update

CAPITALSTARS

 DAILY CORPORATE NEWS


BEML reports Q3 net profit at Rs3 crore (YoY)
BEML has announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015 (YoY)
Net Profit at Rs3.10 crore Vs net loss of Rs11.42 crore.
Total Income increased by 30.71% to Rs773.14 crore Vs Rs591.45 crore.

Jubilant Food Q3: Net Profit at Rs31.7 Crore
Jubilant Food Q3: Net Profit at Rs31.7 Crore
Total Income at Rs634 Crore
Same-store-sales Growth at 2%.

SBI Q3 profit below estimates
State Bank of India ( SBI) has announced the following results for the quarter ended December 31, 2015 (YoY)
Standalone
Net Profit slipped 61.67% to Rs1115.34 crore Vs Rs2910.06 crore.
Total Income increased by 6.73% to Rs46731.01 crore Vs Rs43783.97 crore.

Dr Reddys Labs board to consider buyback of shares
Dr Reddys Laboratories has announced that a meeting of the Board of Directors of the Company will be held on February 17, 2016 to consider the Buyback of Equity Shares of the Company.
Today, stock opened at Rs2905 after yesterday closing at Rs 2886.85 and hit the intra day high of Rs2974 and hit intra day low of Rs2905.

OBC Q3 net loss at Rs425 cr (YoY)
Oriental Bank of Commerce (OBC) has announced the following Q3 Un-Audited Standalone results for the quarter ended December 31, 2015 (YoY):
The Bank has posted a net loss of Rs424.69 crore Vs net profit of Rs19.56 crore.
Total Income has decreased to Rs5350.48 crore Vs Rs5458.79 crore.

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