The outlook is a strong start. The rupee movement will also be eyed. Though new lows were constantly being hit over the last seven trading days, we haven’t witnessed any meaningful change in OI of 8500 put suggesting 8500-8400 zone acting as a support level for the market.
We live in one of the more interest-rate-sensitive bull markets of our times. The markets world over seem to be in good cheer ahead of the Fed meet. The big question is whether the Fed drops its stance of being ‘patient’ in raising short-term interest rates.
The outlook is a strong start. The rupee movement will also be eyed. Though new lows were constantly being hit over the last seven trading days, we haven’t witnessed any meaningful change in OI of 8500 put suggesting 8500-8400 zone acting as a support level for the market. The global cues are healthy.
Tata Motors could gain on bagging new orders while the gains in Amtek Auto recently is being attributed to a possible acquisition of a German firm. Telecom stocks are seeing bulk deals on their counters. Meanwhile, a number of promoters seems to be lapping up their shares in recent days going by the details in the bulk deals.
The Dow rose 1.29% while the S&P 500 was up 1.35%. Nasdaq too gained over a percent. Asian indices are also in the green. Crude oil remains under pressure with US crude shedding 4% and falling to hit a six-year low.
India is the bright spot on the “cloudy global horizon” and Asia's third-largest economy should “seize the moment” by focussing on further reforms, says IMF chief Christine Lagarde. “Recent policy reforms and improved business confidence have provided a booster shot to economic activity,” she said.
Russian President Vladimir Putin has reportedly ordered nearly 40,000 troops in northern and western Russia to be put on full alert early Monday as part of snap-readiness exercises, official news agencies quoted Defense Minister Sergei Shoigu as saying.
Rakesh Jhunjhunwala is reportedly planning to sell 23% stake in Concord Biotech. Report said that Jhunjhunwala's RARE Enterprises is expecting to raise around Rs 500 cr for its 23% stake in Concord Biotech.
Wipro Ltd announced the appointment of Abid Ali Neemuchwala as the Group President and Chief Operating Officer of the company, effective April 1, 2015.
Sharon Bio-Medicine Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 17, 2015, for the restructuring of the debts of the Company.The stock hits 10% lower circuit at Rs. 21.
Pharmaceutical Major Lupin announced, that it has entered into an agreement to acquire the balance 40% equity stake in South African generics major, Pharma Dynamics (PD) from its founders. As per the agreement, the founders will exercise their put option before March 31, 2015, for the 40% equity stake it currently holds. On completion of this transaction, PD will become a wholly owned subsidiary of Lupin, subject to closing conditions.
L&T Infotech, a global provider of information technology services and solutions, has been awarded a contract worth USD 10 Mn to integrate the business functions of
Rail Vikas Nigam Ltd. (RVNL). RVNL a wholly-owned public sector undertaking under the Ministry of Railways, with the specific mandate of fast track implementation of rail infrastructure projects.
Persistent Systems stock was down 3% at Rs. 780 after weak outlook. Persistent Systems said that for Q4FY15, the company continue to see excellent traction in the enterprise segment.The revenue growth in dollar terms is expected to be muted, company said.
Cairn India was the other major loser, down 3% at Rs. 218. According to a release issued by the company to the BSE, Cairn India has received the Income Tax department notice for Rs. 20,495 crore for alleged failure to deduct withholding tax on alleged capital gains arising during 2006-07 in the hands of Cairn UK Holdings Limited (CUHL), our erstwhile parent company, a subsidiary of Cairn Energy Plc.
DLF was the top gainer, as the stock extended its rally for the second straight trading session on the back of favourable SAT order. The Securities Appellate Tribunal (SAT) on Friday quashed the market regulator Securities & Exchange Board (Sebi) order banning the real estate company, its promoters and key executives from raising money in the capital market. The stock ended with a gain of 4.5 per cent at Rs. 165.
Natco Pharma slumped 4.5 per cent to Rs. 2,121 on account of profit-taking at the counter following the sharp six-day rally, wherein the stock had skyrocketed by more than 48 per cent.
Oudh Sugar Mills hit the 20 per cent upper circuit at Rs. 20.70 after the company's board approved a major restructuring plan.
Yes Bank was up 1% to Rs. 816 on reports that the bank paid Rs. 260 crore in advance tax for Q4 as against Rs. 200 crore paid in the same period a year ago.
Events: IMF chief Christine Lagarde is on a two-day visit to India. She will meet officials from the Reserve Bank of India in Mumbai on Tuesday.
Results: Vatsa Educations.
Trends in FII flows: The FIIs were net sellers of Rs7.63mn in the cash segment on Monday. The domestic institutional investors (DIIs) were net buyers of Rs1.59mn, as per the provisional figures released by the NSE.
Global Data: RBA Meeting's Minutes AUD, FDI - Foreign Direct Investment (YTD) (YoY) (Feb) CNY, BoJ Monetary Policy Statement JPY, Leading Economic Index (Jan) JPY, Coincident Index (Jan) JPY, BoJ Press Conference JPY, 9-Month Letras auction EUR, 3-Month Letras Auction EUR, Consumer Price Index - Core (YoY) (Feb) EUR, Consumer Price Index (MoM) (Feb) EUR, Consumer Price Index (YoY) (Feb) EUR, Employment Change (YoY) (Q4) EUR, Employment Change (QoQ) (Q4) EUR, ZEW Survey - Economic Sentiment (Mar) EUR, ZEW Survey - Economic Sentiment (Mar) EUR, ZEW Survey - Current Situation (Mar) EUR, Manufacturing Shipments (MoM) (Jan) CAD, Housing Starts (MoM) (Feb) USD, Building Permits (MoM) (Feb) USD, GDT Price Index NZD, 4-Week Bill Auction USD, Current Account (QoQ) (Q4) NZD, Current Account - GDP Ratio (Q4) NZD, CB Leading Indicator (Jan) AUD, Westpac Leading Index (MoM) (Feb) AUD, Merchandise Trade Balance Total (Feb) JPY, Adjusted Merchandise Trade Balance (Feb) JPY, Exports (YoY) (Feb) JPY, Imports (YoY) (Feb) JPY.
In other news in the media:
Sterlite Copper is set to undertake Rs33bn expansion at Tuticorin in Tamil Nadu.
Suven Life Sciences said it has secured patents in the US and New Zealand.
L&T Infotech has received a US$10 mn contract from state-run Rail Vikas Nigam (RVNL) to integrate its business functions.
Sutlej Textiles & Industries has received the approval from its Board of Directors to acquire Birla Textile Mills, located at Baddi in Himachal Pradesh.
Lupin has inked a pact to acquire an additional 40% stake in South Africa's Pharma Dynamics, taking its holding in the company to 100%.
Mahindra & Mahindra Financial Services which had pulled out of a banking licence in the past is now eying a universal bank licence after reviewing the regulatory framework.
Andhra Bank has got shareholder approval to raise Rs1.2bn in additional equity by issuing shares to the government.
PFC has agreed to lend Rs.150bn to take up 1080 MW Manuguru plant in Khammam and another project of 4000 MW in Nalgonda district.
Granules India said US health regulator FDA has inspected its Gagillapur manufacturing facility near Hyderabad and did not find any deviation from good manufacturing norms.
Hindustan Copper Ltd (HCL) has planned to raise Rs.8bn through private placement debt instruments.
Jaya Shree Textiles, a unit of Aditya Birla Nuvo, is aiming at Rs10 bn revenue from its linen, yarn and fabric business in next two years.
Ashoka Buildcon is all set to raise Rs5bn crore via qualified institutional placement (QIP), as it gears up for aggressive expansion.
The rate of Wholesale Price Index (WPI) -based inflation for February this year provisionally stood at (2.06) %, compared with (0.39) in January and 5.03 % in February last year, mainly on the back of declining in crude oil prices.
The Finance Ministry notified the Advance Pricing Agreement (APA) rules governing rollback provisions in transfer pricing cases.
With Prime Minister Narendra Modi keen on expanding community radio outreach, Government promised to simplify procedures and introduce online application system for licenses.
We live in one of the more interest-rate-sensitive bull markets of our times. The markets world over seem to be in good cheer ahead of the Fed meet. The big question is whether the Fed drops its stance of being ‘patient’ in raising short-term interest rates. The outlook is a strong start. The rupee movement will also be eyed. Though new lows were constantly being hit over the last seven trading days, we haven’t witnessed any meaningful change in OI of 8500 put suggesting 8500-8400 zone acting as a support level for the market. The global cues are healthy.
Tata Motors could gain on bagging new orders while the gains in Amtek Auto recently is being attributed to a possible acquisition of a German firm. Telecom stocks are seeing bulk deals on their counters. Meanwhile, a number of promoters seems to be lapping up their shares in recent days going by the details in the bulk deals.
The Dow rose 1.29% while the S&P 500 was up 1.35%. Nasdaq too gained over a percent. Asian indices are also in the green. Crude oil remains under pressure with US crude shedding 4% and falling to hit a six-year low.
India is the bright spot on the “cloudy global horizon” and Asia's third-largest economy should “seize the moment” by focussing on further reforms, says IMF chief Christine Lagarde. “Recent policy reforms and improved business confidence have provided a booster shot to economic activity,” she said.
Russian President Vladimir Putin has reportedly ordered nearly 40,000 troops in northern and western Russia to be put on full alert early Monday as part of snap-readiness exercises, official news agencies quoted Defense Minister Sergei Shoigu as saying.
Rakesh Jhunjhunwala is reportedly planning to sell 23% stake in Concord Biotech. Report said that Jhunjhunwala's RARE Enterprises is expecting to raise around Rs 500 cr for its 23% stake in Concord Biotech.
Wipro Ltd announced the appointment of Abid Ali Neemuchwala as the Group President and Chief Operating Officer of the company, effective April 1, 2015.
Sharon Bio-Medicine Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 17, 2015, for the restructuring of the debts of the Company.The stock hits 10% lower circuit at Rs. 21.
Pharmaceutical Major Lupin announced, that it has entered into an agreement to acquire the balance 40% equity stake in South African generics major, Pharma Dynamics (PD) from its founders. As per the agreement, the founders will exercise their put option before March 31, 2015, for the 40% equity stake it currently holds. On completion of this transaction, PD will become a wholly owned subsidiary of Lupin, subject to closing conditions.
L&T Infotech, a global provider of information technology services and solutions, has been awarded a contract worth USD 10 Mn to integrate the business functions of
Rail Vikas Nigam Ltd. (RVNL). RVNL a wholly-owned public sector undertaking under the Ministry of Railways, with the specific mandate of fast track implementation of rail infrastructure projects.
Persistent Systems stock was down 3% at Rs. 780 after weak outlook. Persistent Systems said that for Q4FY15, the company continue to see excellent traction in the enterprise segment.The revenue growth in dollar terms is expected to be muted, company said.
Cairn India was the other major loser, down 3% at Rs. 218. According to a release issued by the company to the BSE, Cairn India has received the Income Tax department notice for Rs. 20,495 crore for alleged failure to deduct withholding tax on alleged capital gains arising during 2006-07 in the hands of Cairn UK Holdings Limited (CUHL), our erstwhile parent company, a subsidiary of Cairn Energy Plc.
DLF was the top gainer, as the stock extended its rally for the second straight trading session on the back of favourable SAT order. The Securities Appellate Tribunal (SAT) on Friday quashed the market regulator Securities & Exchange Board (Sebi) order banning the real estate company, its promoters and key executives from raising money in the capital market. The stock ended with a gain of 4.5 per cent at Rs. 165.
Natco Pharma slumped 4.5 per cent to Rs. 2,121 on account of profit-taking at the counter following the sharp six-day rally, wherein the stock had skyrocketed by more than 48 per cent.
Oudh Sugar Mills hit the 20 per cent upper circuit at Rs. 20.70 after the company's board approved a major restructuring plan.
Yes Bank was up 1% to Rs. 816 on reports that the bank paid Rs. 260 crore in advance tax for Q4 as against Rs. 200 crore paid in the same period a year ago.
Events: IMF chief Christine Lagarde is on a two-day visit to India. She will meet officials from the Reserve Bank of India in Mumbai on Tuesday.
Results: Vatsa Educations.
Trends in FII flows: The FIIs were net sellers of Rs7.63mn in the cash segment on Monday. The domestic institutional investors (DIIs) were net buyers of Rs1.59mn, as per the provisional figures released by the NSE.
Global Data: RBA Meeting's Minutes AUD, FDI - Foreign Direct Investment (YTD) (YoY) (Feb) CNY, BoJ Monetary Policy Statement JPY, Leading Economic Index (Jan) JPY, Coincident Index (Jan) JPY, BoJ Press Conference JPY, 9-Month Letras auction EUR, 3-Month Letras Auction EUR, Consumer Price Index - Core (YoY) (Feb) EUR, Consumer Price Index (MoM) (Feb) EUR, Consumer Price Index (YoY) (Feb) EUR, Employment Change (YoY) (Q4) EUR, Employment Change (QoQ) (Q4) EUR, ZEW Survey - Economic Sentiment (Mar) EUR, ZEW Survey - Economic Sentiment (Mar) EUR, ZEW Survey - Current Situation (Mar) EUR, Manufacturing Shipments (MoM) (Jan) CAD, Housing Starts (MoM) (Feb) USD, Building Permits (MoM) (Feb) USD, GDT Price Index NZD, 4-Week Bill Auction USD, Current Account (QoQ) (Q4) NZD, Current Account - GDP Ratio (Q4) NZD, CB Leading Indicator (Jan) AUD, Westpac Leading Index (MoM) (Feb) AUD, Merchandise Trade Balance Total (Feb) JPY, Adjusted Merchandise Trade Balance (Feb) JPY, Exports (YoY) (Feb) JPY, Imports (YoY) (Feb) JPY.
In other news in the media:
Sterlite Copper is set to undertake Rs33bn expansion at Tuticorin in Tamil Nadu.
Suven Life Sciences said it has secured patents in the US and New Zealand.
L&T Infotech has received a US$10 mn contract from state-run Rail Vikas Nigam (RVNL) to integrate its business functions.
Sutlej Textiles & Industries has received the approval from its Board of Directors to acquire Birla Textile Mills, located at Baddi in Himachal Pradesh.
Lupin has inked a pact to acquire an additional 40% stake in South Africa's Pharma Dynamics, taking its holding in the company to 100%.
Mahindra & Mahindra Financial Services which had pulled out of a banking licence in the past is now eying a universal bank licence after reviewing the regulatory framework.
Andhra Bank has got shareholder approval to raise Rs1.2bn in additional equity by issuing shares to the government.
PFC has agreed to lend Rs.150bn to take up 1080 MW Manuguru plant in Khammam and another project of 4000 MW in Nalgonda district.
Granules India said US health regulator FDA has inspected its Gagillapur manufacturing facility near Hyderabad and did not find any deviation from good manufacturing norms.
Hindustan Copper Ltd (HCL) has planned to raise Rs.8bn through private placement debt instruments.
Jaya Shree Textiles, a unit of Aditya Birla Nuvo, is aiming at Rs10 bn revenue from its linen, yarn and fabric business in next two years.
Ashoka Buildcon is all set to raise Rs5bn crore via qualified institutional placement (QIP), as it gears up for aggressive expansion.
The rate of Wholesale Price Index (WPI) -based inflation for February this year provisionally stood at (2.06) %, compared with (0.39) in January and 5.03 % in February last year, mainly on the back of declining in crude oil prices.
The Finance Ministry notified the Advance Pricing Agreement (APA) rules governing rollback provisions in transfer pricing cases.
With Prime Minister Narendra Modi keen on expanding community radio outreach, Government promised to simplify procedures and introduce online application system for licenses.
TEN MOST ACTIVE FUTURES
| Symbol |
No.of Cont Traded
|
Last price
|
Open Interest
|
% chg in Op.Int
|
| AXISBANK |
30,468
|
572.25
|
31,218,500
|
4.20
|
| AUROPHARMA |
26,924
|
1,199.75
|
11,360,750
|
-4.28
|
| DLF |
16,938
|
164.80
|
25,864,000
|
-6.28
|
| BHARTIARTL |
10,541
|
390.25
|
12,071,500
|
-1.67
|
| ADANIENT |
8,326
|
644.10
|
7,061,500
|
0.78
|
| CAIRN |
6,553
|
219.55
|
13,342,000
|
3.06
|
| ASHOKLEY |
6,352
|
73.80
|
66,648,000
|
1.07
|
| BHARATFORG |
6,252
|
1,304.25
|
3,556,750
|
1.35
|
| BANKBARODA |
5,697
|
183.80
|
25,831,250
|
0.82
|
| BHEL |
5,629
|
258.15
|
32,299,000
|
-0.33
|
TEN MOST ACTIVE OPTIONS
Option Type
|
Strike price
|
No.of Cont Traded
|
Open Interest
| % Chg in Op.In | |
| DLF |
CE
|
170
|
4,251
|
3,146,000
|
7.52
|
| JINDALSTEL |
CE
|
190
|
3,855
|
1,495,000
|
61.62
|
| AUROPHARMA |
CE
|
1,200
|
3,772
|
227,500
|
-7.14
|
| RELCAPITAL |
CE
|
500
|
3,679
|
1,487,500
|
24.01
|
| ASHOKLEY |
CE
|
75
|
3,531
|
10,280,000
|
26.73
|
| INFY |
CE
|
2,300
|
3,375
|
400,500
|
-13.87
|
| RELIANCE |
CE
|
860
|
3,159
|
534,500
|
17.93
|
| AXISBANK |
CE
|
580
|
3,099
|
501,500
|
12.19
|
| JINDALSTEL |
CE
|
200
|
2,974
|
1,897,000
|
-0.58
|
| RELIANCE |
CE
|
880
|
2,855
|
803,000
|
14.76
|
SUPPORT & RESISTANCE LEVEL
| Company Name |
S3
|
S2
|
S1
|
Close
|
R1
|
R2
|
R3
|
| Sensex Index |
28,307
|
28,339
|
28,372
|
28,438
|
28,503
|
28,537
|
28,568
|
| Nifty Index |
8,599
|
8,607
|
8,616
|
8,633
|
8,650
|
8,659
|
8,667
|
| ABB Ltd |
1,240
|
1,251
|
1,262
|
1,285
|
1,307
|
1,319
|
1,330
|
| ACC |
1,563
|
1,569
|
1,575
|
1,588
|
1,600
|
1,607
|
1,613
|
| Ambuja Cements |
254
|
254
|
255
|
257
|
258
|
259
|
260
|
| Bajaj Holdings |
1,323
|
1,329
|
1,335
|
1,348
|
1,361
|
1,368
|
1,374
|
| BHEL |
253
|
254
|
256
|
258
|
261
|
262
|
263
|
| Bharti Airte |
381
|
383
|
385
|
389
|
393
|
396
|
398
|
| Cipla |
680
|
684
|
688
|
695
|
703
|
707
|
711
|
| Dabur India |
268
|
269
|
270
|
271
|
273
|
273
|
274
|
| GAIL India |
373
|
375
|
377
|
381
|
386
|
388
|
390
|
| Grasim Ind. |
3,647
|
3,658
|
3,669
|
3,690
|
3,712
|
3,723
|
3,733
|
| HCL Tech |
2,023
|
2,031
|
2,040
|
2,057
|
2,074
|
2,083
|
2,091
|
| HDFC Bank |
1,042
|
1,044
|
1,047
|
1,051
|
1,056
|
1,059
|
1,061
|
| Hero Honda |
2,600
|
2,608
|
2,615
|
2,630
|
2,644
|
2,652
|
2,659
|
| Hindalco |
121
|
123
|
124
|
127
|
130
|
131
|
133
|
| Hindustan Unilever |
913
|
918
|
923
|
932
|
942
|
947
|
952
|
| ICICI Bank |
327
|
328
|
329
|
331
|
334
|
335
|
336
|
| Infosys Tech |
2,219
|
2,231
|
2,243
|
2,267
|
2,291
|
2,303
|
2,315
|
| ITC Ltd |
331
|
332
|
333
|
336
|
338
|
339
|
340
|
| L&T |
1,657
|
1,663
|
1,669
|
1,681
|
1,693
|
1,699
|
1,705
|
| MTNL |
20
|
21
|
21
|
21
|
22
|
22
|
22
|
| M&M |
1,205
|
1,209
|
1,212
|
1,220
|
1,227
|
1,231
|
1,234
|
| Maruti Suzuki |
3,622
|
3,628
|
3,635
|
3,648
|
3,661
|
3,667
|
3,673
|
| Mahindra Satyam |
2,804
|
2,809
|
2,815
|
2,825
|
2,836
|
2,842
|
2,847
|
| National Alumin |
45
|
46
|
46
|
47
|
47
|
48
|
48
|
| ONGC |
310
|
311
|
311
|
312
|
313
|
313
|
314
|
| Oriental Bank |
231
|
231
|
232
|
234
|
236
|
237
|
238
|
| PNB |
165
|
166
|
166
|
167
|
169
|
169
|
170
|
| Ranbaxy Labs |
796
|
799
|
802
|
808
|
814
|
817
|
820
|
| Reliance Capital |
459
|
462
|
465
|
471
|
476
|
479
|
482
|
| Reliance Comm |
65
|
65
|
66
|
67
|
69
|
69
|
70
|
| Reliance Energy |
445
|
448
|
450
|
455
|
459
|
462
|
464
|
| Reliance Inds |
833
|
836
|
838
|
842
|
846
|
849
|
851
|
| R Power |
57
|
57
|
57
|
58
|
58
|
58
|
59
|
| Siemens India |
1,351
|
1,362
|
1,373
|
1,395
|
1,417
|
1,429
|
1,439
|
| SBI |
279
|
280
|
280
|
282
|
283
|
283
|
284
|
| TCS |
2,530
|
2,539
|
2,548
|
2,565
|
2,583
|
2,592
|
2,601
|
| Tata Motors |
551
|
553
|
554
|
558
|
561
|
563
|
565
|
| Tata Power |
80
|
80
|
80
|
81
|
82
|
82
|
82
|
| Tata Steel |
323
|
323
|
324
|
326
|
328
|
329
|
330
|
| Tata comm |
416
|
417
|
418
|
421
|
424
|
425
|
427
|
| Wipro |
637
|
639
|
642
|
646
|
651
|
653
|
656
|
| Wire And Wireless |
36
|
36
|
36
|
36
|
37
|
37
|
37
|
| Zee Entertainment |
343
|
346
|
349
|
354
|
360
|
363
|
365
|
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