Friday, 19 December 2014

Sensex, Nifty surges higher

At 2:41PM, the S&P BSE Sensex is trading at 27,435 up 354 points, while NSE Nifty is trading at 8,245 up 86 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, Healthcare, Metal,  Oil and gas indices are the gainers, while Realty and FMCG indices are the losers.
M&M, BHEL, Coal India, L&T, Reliance, Hero Motocorp, Wipro are among the gainers, whereas Bharti Airtel, ITC, HUL, Bajaj Auto are losing sheen on BSE.
IndiGo retained the top position among domestic airlines, increasing its market share to 33.5%, while SpiceJet’s share slipped to 14.9%, While Jet Airways’ share increases to 18.4% in November.
Reserve Bank of India has advised that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Crompton Greaves Limited under the Portfolio Investment Scheme (PIS).Shares of Crompton Greaves was up 4% at Rs185.
Shares of SpiceJet Ltd surged 16% at Rs15 after reports stated that former promoter Ajay Singh and two 'blue-chip' investors are planning to invest in about Rs 1,200 crore to rescue the airline.
South Korea's Samsung Electronics Co Ltd reportedly said it is considering increasing its dividend payout for 2014 by between 30% and 50%.

Importance of Big Data among Indian Corporates in years to come

Recent market forecasts and estimates from the National Association of Software and Services Companies (NASSCOM) was treated with much optimism as it points to Data Analytics and Big Data being the second biggest opportunity in the business process management (BPM) industry. India Inc. as a destination for Big Data is being discussed widely within the analytics space, because of its obvious advantages in cost, talent, and the general business environment. As big data continues to grow along the traditional 3V’s of variety, velocity, and volume, in 2014, customer/workforce analytics is driven by the need for targeted marketing, and making services and products as customer/employee centric as possible, so as to address the issue at hand. In the past year successful social media campaigns and analytics initiatives drew headlines. During the last fiscal year there were an increased number of retailers, and banks implementing customer evaluation models and this leads to ensure the right customers are being targeted so as to improve effectiveness of their marketing channels. Tracking of online conversations to identify trends, and ongoing customer perceptions have provided a boost to social media analytics where numerous startups have mushroomed this past year.
 
Organizations are moving fast in recognizing the potential of big data, and from accumulating customer data, companies have now evolved to becoming data centers, where every aspect of the business is being evaluated by the amount of data and actionable insights that can be generated at every juncture in the business process. While big data and data analytics has been in the forefront of providing insights and predictive power to businesses, digital analytics is now a vital ingredient in the planning process, as it provides ratiocinative abilities about consumer behavior and market dynamics to managers and decision makers. As each aspect of a customer journey is now being monitored and metered real time, the role of data analytics has evolved from a value added exercise within departments and business functions to now being prioritized to enterprise wide implementation.
         
Optimization Analytics
Transformation of digital analytics services from predictive analytics to optimization analytics will be the way forward for business analytics cometh 2015. Predictive modelling and statistical models will be aimed at reducing wastage, reducing customer attrition, and enabling organizations to achieve more with the resources available to them. Processes along the value chain such as procurement, supply, and distribution are now being targeted with greater enthusiasm to achieve optimum process efficiency at all levels. A challenge for the analytics sector in the coming years will be to use this sparse and spatial information with regards to all functions and departments to produce insights to help companies achieve optimum performance at levels for all tasks.
 
Data Analytics on the go
Reporting and visualization services are expected grow throughout the year as more organizations are looking at reporting as an enabler for easing the strategic decision making process. As all the relevant data is available through interactive dashboards, and decision cockpits decision makers can making decisions by looking at the problem at hand with greater depth, and spend more time devising ways to address the problems and opportunities than spend time on understanding the issue.
 
With more sensors and real time monitoring of customer journeys there will be a greater emphasis on real time data, as it has become the start point to achieve optimum results. With the new age of optimization analytics upon us it is time service providers respond with more flexibility as it could be the defining factor in times to come.
 
Blueocean Market Intelligence believes that big retailers and financial institutions in India have reached a point of maturity with their data collection, and it is time they implement digital analytics to understand the relevance their exhaustive data holds to generating insights, optimizing the business processes, and impacting business results. While structured data in companies must realize that the vast amount of data collected through online forums and websites can be vital in predicting future consumer behavior and discovering hidden insights related to customer queries and ongoing sentiments.

Sensex rallies 300 points...Auto, Banlex lead

At 12:33PM, the S&P BSE Sensex is trading at 27,453 up 332 points, while NSE Nifty is trading at 8,253 up 94 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, Healthcare, Metal,  Oil and gas indices are the gainers, while Realty and FMCG indices are the losers.
M&M, BHEL, Coal India, L&T, Reliance, Hero Motocorp, Wipro are among the gainers, whereas Bharti Airtel, ITC, HUL, Bajaj Auto are losing sheen on BSE.
IndiGo retained the top position among domestic airlines, increasing its market share to 33.5%, while SpiceJet’s share slipped to 14.9%, While Jet Airways’ share increases to 18.4% in November.
Reserve Bank of India has advised that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Crompton Greaves Limited under the Portfolio Investment Scheme (PIS).Shares of Crompton Greaves was up 4% at Rs185.
Shares of SpiceJet Ltd surged 16% at Rs15 after reports stated that former promoter Ajay Singh and two 'blue-chip' investors are planning to invest in about Rs 1,200 crore to rescue the airline.

Nifty above 8,200 levels

At 11:28AM, the S&P BSE Sensex is trading at 27,376 up 250 points, while NSE Nifty is trading at 8,226 up 66 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Healthcare, Metal, Realty, Oil and gas indices are the gainers.
M&M, BHEL, Coal India, L&T, Reliance, Hero Motocorp, Wipro are among the gainers, whereas Bharti Airtel, ITC, HUL, Bajaj Auto are losing sheen on BSE.
IndiGo retained the top position among domestic airlines, increasing its market share to 33.5%, while SpiceJet’s share slipped to 14.9%, While Jet Airways’ share increases to 18.4% in November.
Reserve Bank of India has advised that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Crompton Greaves Limited under the Portfolio Investment Scheme (PIS).Shares of Crompton Greaves was up 4% at Rs185.
Shares of SpiceJet Ltd surged 16% at Rs15 after reports stated that former promoter Ajay Singh and two 'blue-chip' investors are planning to invest in about Rs 1,200 crore to rescue the airline.

Highlights of the Mid-Year Economic Review

In its Mid-Year Eco Review, the Govt said it is committed to meeting FY15 fiscal  aim despite difficult odds. 
FY15 revenue estimates were  over-optimistic, the review stated adding that current RBI policy appears to be  historically tight. 
The survey has assumed interest rates will be  held unchanged until March quarter though many feel the interest rate cycle may change in Feb policy meeting. 
Highlights of the Mid-Year Economy Review
Govt: Full year tax growth weaker than expected
Govt: Inflation fall not just due to base effect
Govt: Pick-up in economy in Oct-March critical 
Govt: Inflation fall not just due to  base effect

Govt: Momentum of headline inflation is showing a staggering decline

Govt: FY15 carry-over subsidies seen  around 0.3-1% of GDP
Govt: FY Budget unduly burdened By Deferred Expenditure

Govt: See average inflation in Jan-Mar 16 around 5.8%
Govt: See average CPI inflation in Apr-Jun around 5.4%
Govt:See average CPI inflation in Jan-Mar around 5.3%
Govt: FY15 carry-over subsidies seen around 0.3-1% of GDP

Govt: Need to mull case to review  public invest as growth engine
Govt: Stalled projects need to be  cleared more expeditiously

Top economic news of the day - December 19, 2014

The Petroleum Ministry has proposed reworking the allocation policy of natural gas from non-NELP blocks to give first priority to firms selling Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) for allocating the limited resource. 
 
The government notified draft rules for e-auction of cancelled coal blocks suggesting floor price for bidding and ceiling for power sector bidders. 
 
Food Secretary Sudhir Kumar stated that the Centre would take a call on extending the export incentive for raw sugar soon. The matter has been under examination for weeks with the industry reiterating the need for the extension against a backdrop of sliding prices in an arena of rising production costs and excess supply. 

FIIs can invest up to 49% under PIS in M/s Tree House Education

The Reserve Bank of India has advised that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of M/s Tree House Education & Accessories Limited under the Portfolio Investment Scheme (PIS).
The Reserve Bank has stated that the company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs. The purchases could be made through primary market and stock exchanges and would be subject to Regulation 5(2) of FEMA Notification No.20/2000-RB dated May 03, 2000 (as amended from time to time) and other terms and conditions stipulated by the Reserve Bank.
The Reserve Bank has notified this under FEMA 1999.

Sensex surges 300 points...Nifty above 8,200 levels

At 10:13AM, the S&P BSE Sensex is trading at 27,467 up 340 points, while NSE Nifty is trading at 8,245 up 86 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Healthcare, Metal, Realty, Oil and gas indices are the gainers.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
IndiGo retained the top position among domestic airlines, increasing its market share to 33.5%, while SpiceJet’s share slipped to 14.9%, While Jet Airways’ share increases to 18.4% in November.
The US markets saw a terrific run with Dow and S&P 500 rising 2.43%. The Nasdaq Composite too gained over 2.24%. Asian indices are also up with Japan's Nikkei and Hong Kong's Hang Seng trading ~1.5% each. China's Shanghai index has gained around half a percent.
The Reserve Bank of India may go for rate cut early next year, former chairman of Prime Minister's Economic Advisory Council, C Rangarajan reportedly said. Report said that C Rangarajan cautioned that volatility in the currency markets should also be taken into consideration before going for any policy decision.
PM Narendra Modi is planning to speed up $300 bn stuck projects, according to a report. Modi has reportedly taken direct control of a project-monitoring body to fast-track investments.
Reserve Bank of India has advised that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Crompton Greaves Limited under the Portfolio Investment Scheme (PIS).Shares of Crompton Greaves was up 4% at Rs185.

Punj Lloyd soars on FIPB approval

Punj Lloyd started the day on a strong note on the back of receiving the approval for manufacturing of defence items.

Yesterday, after market, Punj Lloyed informed the BSE that the Foreign Investment Board (FIPB), Department of Economic Affairs, Ministry of Finance, Government of India vide its Letter dated December 15,  approved the proposal of the Company for manufacturing of equipment systems and associated assemblies for the defence sector.

The stock opened with a positive gap of 7.3 per cent at Rs. 38.05. Soon, the stock has zoomed 12 per cent to touch a high at Rs. 39.70.

Now, the stock is up 11 per cent at Rs. 39.40. The BSE counter has registered trades of around 529,000 shares, against its two-week daily average volume of 508,000 shares.

Meanwhile, the BSE Sensex has jumped 304 points at 27,430.

ICICI Bank stock up 2%

ICICI Bank has moved higher for the third day in row, the stock today opened with a gap on nearly a per cent at Rs. 348, but soon firmed-up after a block deal of 2 lakh shares - which was executed at Rs. 348 per share at the counter on the NSE today.
ICICI Bank rallied to a high of Rs. 352, and is now up nearly 2 per cent at Rs. 351.

The counter has seen trades of around 31.39 million shares in the early morning trade on the NSE.

Meanwhile, the BSE Sensex has jumped 316 points at 27,443.

Gap-up opening for Sensex, Nifty

At 9:19AM, the S&P BSE Sensex is trading at 27,334 up 212 points, while NSE Nifty is trading at 8,214 up 54 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, Banking, Capital goods, FMCG, Healthcare, Metal, Realty, Oil and gas indices are the gainers.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
IndiGo retained the top position among domestic airlines, increasing its market share to 33.5%, while SpiceJet’s share slipped to 14.9%, While Jet Airways’ share increases to 18.4% in November.
The US markets saw a terrific run with Dow and S&P 500 rising 2.43%. The Nasdaq Composite too gained over 2.24%. Asian indices are also up with Japan's Nikkei and Hong Kong's Hang Seng trading ~1.5% each. China's Shanghai index has gained around half a percent.
The Reserve Bank of India may go for rate cut early next year, former chairman of Prime Minister's Economic Advisory Council, C Rangarajan reportedly said. Report said that C Rangarajan cautioned that volatility in the currency markets should also be taken into consideration before going for any policy decision.
PM Narendra Modi is planning to speed up $300 bn stuck projects, according to a report. Modi has reportedly taken direct control of a project-monitoring body to fast-track investments.

Sensex to open positive

It’s the season to be jolly for now. Don’t bother about reasons or try to correlate events. The sentiment has suddenly turned positive after a Fed meet and the world and all its market seem to be headed for better days in the near future. The Fed has kind of assured it will be patient about rates and investors remain impatient in lapping up shares that come their way. So strong is the sentiment that even the fundamentally weak ones may ride the rally. It’s time to be cautious about what you pick up during these euphoric days.
The outlook is a positive start as the market will look at taking off from where it left yesterday. The global cues will propel a gap-up opening again. IT stocks have reason to cheer with Accenture raising guidance. What happens in Parliament will be secondary for the time being. With the Winter Session coming to an end in two days, the Centre has reportedly indicated that it may take the ordinance route to hike the FDI limit in the insurance sector to 49%.
The US markets saw a terrific run with Dow and S&P 500 rising 2.43%. The Nasdaq Composite too gained over 2.24%. Asian indices are also up with Japan's Nikkei and Hong Kong's Hang Seng trading ~1.5% each. China's Shanghai index has gained around half a percent.
The Reserve Bank of India may go for rate cut early next year, former chairman of Prime Minister's Economic Advisory Council, C Rangarajan reportedly said. Report said that C Rangarajan cautioned that volatility in the currency markets should also be taken into consideration before going for any policy decision.
PM Narendra Modi is planning to speed up $300 bn stuck projects, according to a report. Modi has reportedly taken direct control of a project-monitoring body to fast-track investments.
Banking shares mainly public sector undertakings  are trading higher between 2-3%, extending their yesterday’s late noon surge on the National Stock Exchange (NSE).
According to Moody's Investors Service, the ability to raise private capital that dilutes the government’s stake is credit positive for undercapitalized public-sector 
banks because government resources to recapitalize the banks are limited.
Shares of sugar companies are trading higher after the media report stated that the government cleared incentives for marketing for raw sugar output. The report also 
added that the production of Sugar rose by 47 per cent to 42.25 lakh tonnes till December 15 of this marketing year.
Shares of L&T surged 2% at Rs. 1,492 after company have entered into definitive investment agreement with  Canada Pension Plan Investment Board.
Shares of NIIT Technologies was up 3.18% at Rs. 354 after the company has partnered with  Air Tahiti Nui.
Shares of R P P Infra Projects Ltd has hit 5% upper circuit at Rs124 after the company has bagged new order worth Rs. 495.46 million from Tamilnadu Water Supply & Drainage Board for Providing Combined Water Supply Scheme to 158 Rural habitations in Gudimangalam and Udumalaipettai Unions in Tiruppur District, Tamilnadu.
Shares of GAIL India Ltd was up 4% at Rs435 after report said that the company moved Supreme Court against PNGRB order on ship-or-pay charges.
Shares of Bharti Airtel Ltd was flat at Rs348 after report said that the company has moved to Supreme Court for  extension of 6 telecom license
Shares of Polaris Consulting and Services Ltd surged 15% upper circuit at Rs189 after Intellect Design Arena listed on the country's premier National Stock 
Exchange (NSE), and Bombay Stock Exchange (BSE).
IVRCL Limited entered into a binding agreement to sell its equity stake in Chennai Water Desalination Limited with a total Project Cost of Rs550 Crores to Utico 
FZC.The stock spurts 14% at Rs15.
Real estate stocks gained after the Cabinet deferred a decision on setting up a regulator for the sector. Shares of D B Realty jumped 5% at Rs59 per cent, while HDIL surged 11% at Rs67 on the BSE. While Unitech was up 4% at Rs15, while DLF was up 2% at Rs135.
ISRO has agreed to purchase equipment worth about Rs30 crore for use by Walchandnagar Industries Ltd, for making rocket components. Walchandnagar Industries has been a supplier or rocket components to ISRO for over two decades. For the GSLV Mk III, it supplied motorcases, tankages and end rings, says a report.
President Vladimir Putin said on Thursday that Russia's economy would rebound after the rouble's collapse against the dollar but warned that it could take two years for the country to emerge from crisis.
After underperforming the Sensex since 2008, foreign brokerages believe that Reliance is poised to perform better on the bourses next year as the stock is cheap after the recent correction, says a report. Reliance shares have risen about 3% so far in 2014 against the Sensex's advance of 32% in the period. From their 52-week high in May, the stock is down almost 23% and is trading near the 2012 share buyback price of Rs 870. The stock closed at Rs 880 on Thursday, the report adds.