The outlook is a subdued start given the lack of positive global cues. Market rollover was lower at 75% while the 3-month average rollover was about 80%.Fresh longs were seen in FMCG and automobile counters.
A year of hope and hype has gone by and as the market opens for the New Year, investors will once again try and leave behind any pessimism and hope to generate decent returns in their individual portfolios. During the year, 21 Nifty stocks offered positive returns between 1-40%. However, 280 stocks of BSE 500 have given significant returns of up to 374% while 214 stocks on BSE 500 tumbled up to 86%. On the NSE, BPCL emerged as the top gainer spurting by over 40% even as Nifty 50 ended around 4% lower in CY2015.
The outlook is a subdued start given the lack of positive global cues. Market rollover was lower at 75% while the 3-month average rollover was about 80%.Fresh longs were seen in FMCG and automobile counters. As the day progresses auto stocks will be in focus as the sales numbers are announced. As the market rolls into the January series today, 7980 continues to remain the immediate resistance for Nifty. We expect positive momentum to continue only if the above resistance is taken out convincingly.Jet Airways, Container Corporation, Godrej Consumer and Torrent Pharma could see action as they make their entry into the F&O segment.
US indices closed lower. China, Hong Kong, South Korea, Germany, France, Italy, Spain, US and Brazil, among others, would be closed for the New Year's Day. Despite stimulus measures, China's manufacturing sector contracted for a fifth straight month in December.
The rupee could see a marginal fall as banks are expected to book profits. India's external debt was at $483.2 bn at end-September, the finance ministry reportedly said.
Petronet LNG has successfully renegotiated its long term sale purchase agreement with Qatar Gas whereby the take or pay penalty for lower than committed off take during CY15 worth US$1.5bn has been waived off. Also, the revised gas prices will be much closer to the market prices now. This move brings back stability to Petronet LNG’s business model, which in the past couple of quarters was dependent on spot volumes rather than long term volumes. Consumers such as GAIL, Gujarat Gas and IGL will be big beneficiaries of this development. Rally in these stocks in the past one month adequately factors in the upside from this move.
Farm Minister Radha Mohan Singh will announce the achievements and future plans of his ministry later in the day.
Cords Cable Industries will be in action as it considers increase in authorised share capital.
Veer Energy & Infrastructure will consolidate its equity shares
Future Consumer has announced that it will consider re-alignment of the distribution business of the company.
The Reserve Bank of India has advised that the applicable rate for credit by NBFC-MFIs for the quarter beginning January 01, 2016 is 9.45 per cent.
Shares of Cadila Healthcare plunged 14.9% to Rs.328 on BSE after the company received a Warning Letter issued by the US FDA relating to its Moraiya formulation facility and Ahmedabad API facility (Zyfine). “We take quality and compliance matters very seriously and stand by our commitment to fully comply with cGMP quality standards across all our facilities.
JMT Auto slipped 3.2% to Rs.88 on BSE. The promoters of JMT Auto Ltd, part of the troubled Amtek Group have pledged 71.73% of the company’s shares to IL&FS Trust Co. Ltd. As per the shareholding pattern disclosed by the company on 15 October, the promoter group held 71.73% in JMT Auto.
Jet Airways jumped 6.8% to Rs.702. NSE will include Jet Airways in the future and option segment from Friday. The airline company has announced special attractive festive fares for its guests travelling on the airline’s global network.
GIC Housing Finance gained 1.5% and closed at Rs.236 on BSE. The company will acquire up to 16% stake in LIC Nomura Mutual Fund Asset Management Company for Rs 22.68 crore, as per media reports.
Kaveri Seed Company rallied 10% to Rs.351 on BSE. On Wednesday, the stock fell 9.5% after SEBI has asked for a forensic audit of the company's record.
Shares of Mukand Ltd galloped 12% to Rs.52 after a huge block deal. Around 2.67 million equity shares of the company have changed hands in block deals.
Advanta gained 1% to Rs. 442 on BSE. The board of the company has approved the conversion of 25 Foreign Currency Convertible Bonds (FCCBs) into Global Depository Receipts (GDRs), it said in a regulatory filing. It has also approved the allotment of 39,72,070 equity shares of Rs. 2 each to JP Morgan Chase Bank, NA - Depository Bank, to issue appropriate GDRs.
Among stocks to watch:
IOC, BPCL, HPCL: Petrol price has been cut by 63 paise per litre while diesel will be cheaper by Rs 1.06, effective midnight. A report says IOC has announced the cut in prices and other companies will follow suit.
Yes Bank: The Bank has successfully raised Rs. 1,500 crore of Basel III compliant Tier II bonds. The issue was closed on December 31, 2015.
Cadila Healthcare: Reacting to the warning letter issued by the US drug regulator, Cadila Healthcare said that it will request to the US FDA to reinspect Moraiya plant to review remediation, according to media reports.
Bharti Airtel: The telecom company said it has acquired the balance 26% stake in Augere Wireless, which holds 4G spectrum in Madhya Pradesh, making it a wholly-owned subsidiary of the company.
Future Consumer: Future Consumer has announced that it will consider re-alignment of the distribution business of the company.
Canara Bank: Canara Bank has informed BSE that as per the powers delegated by the Board of the Bank, the Bond Committee has decided to raise Basel III Compliant Tier-II Bonds amounting to Rs. 1500 Crore by way of Private Placement. Gammon India: Lenders led by ICICI Bank are now looking at investment in Gammon arms, as per media reports. Bankers have reportedly already sold 74% in one subsidiary and are close to selling 74% in another subsidiary to a consortium of non-resident Indians.
IDBI Bank: IDBI Bank has mobilised Rs. 1000 crore through issue of Basel III Compliant Tier 2 bonds on private placement basis to strengthen Bank's capital adequacy.
Housing Development Finance Corporation Ltd: Housing Development Finance Corporation Ltd has announced that Profit on Sale of Investments for the quarter ended December 31, 2015 was Rs. 57 crore compared to Rs. 113 crore in the corresponding quarter in the previous year.
Corporation Bank: The bank has allotted over 2.8 crore shares on a preferential basis to LIC to raise around Rs 143 crore.
Piramal Enterprises Ltd: Piramal Enterprises has informed BSE that a meeting of the Committee of Directors (Funding) of the Company will be held on January 05, 2016 to consider and approve the issue of secured non-convertible debentures amounting upto Rs. 500 crores.
Global Data: New Year's Day CNY, New Year's Day USD, New Year's Day EUR, New Year's Day EUR, New Year's Day EUR, New Year's Day EUR, New Year's Day EUR, New Year's Day NZD, New Year's Day JPY, New Year's Day CHF, New Year's Day CAD, New Year's Day EUR, Non-manufacturing PMI (Dec) CNY,NBS Manufacturing PMI (Dec) CNY
Trends in FII flows: The FIIs were net buyers of Rs. 112.3 bn in the cash segment on Thursday. The domestic institutional investors (DIIs) were net sellers of Rs. 2.57 as per the provisional figures released by the NSE.
TEN MOST ACTIVE FUTURES
| Symbol |
No.of Cont Traded
|
Last price
|
Open Interest
|
% chg in Op.Int
|
| LT |
27,834
|
1,275.45
|
1,960,500
|
-63.93
|
| RELIANCE |
19,099
|
1,014.60
|
3,669,500
|
-40.88
|
| RELINFRA |
16,533
|
543.95
|
4,306,900
|
13.30
|
| SBIN |
15,123
|
224.45
|
12,682,000
|
-44.99
|
| CADILAHC |
14,867
|
327.55
|
1,344,000
|
-41.63
|
| ICICIBANK |
13,275
|
261.35
|
14,997,400
|
-37.53
|
| HDFC |
11,672
|
1,263.75
|
2,126,800
|
-29.68
|
| SUNPHARMA |
11,303
|
820.15
|
3,091,800
|
-38.05
|
| TATAMOTORS |
10,605
|
391.30
|
8,244,000
|
-30.63
|
| HDFCBANK |
9,796
|
1,082.15
|
4,401,000
|
-35.71
|
TEN MOST ACTIVE OPTIONS
Option Type
|
Strike price
|
No.of Cont Traded
|
Open Interest
|
% Chg in Op.In
| |
| RELINFRA |
CE
|
520
|
7,189
|
343,200
|
-70.50
|
| IOB |
PE
|
28
|
6,546
|
56,392,000
|
80,460.00
|
| TATASTEEL |
CE
|
260
|
5,193
|
2,070,000
|
-25.70
|
| LT |
CE
|
1,300
|
4,484
|
707,400
|
-14.13
|
| RELINFRA |
CE
|
540
|
3,725
|
457,600
|
-40.03
|
| RELIANCE |
CE
|
1,020
|
3,526
|
868,000
|
-4.93
|
| RELIANCE |
CE
|
1,000
|
3,500
|
772,500
|
-30.12
|
| DRREDDY |
CE
|
3,150
|
3,462
|
109,050
|
-21.41
|
| SBIN |
CE
|
225
|
3,155
|
1,044,000
|
77.55
|
| RELIANCE |
PE
|
1,000
|
3,112
|
620,000
|
15.67
|
SUPPORT & RESISTANCE LEVEL
| Company Name |
S3
|
S2
|
S1
|
Close
|
R1
|
R2
|
R3
|
| Sensex Index |
25,982
|
26,015
|
26,050
|
26,118
|
26,185
|
26,220
|
26,253
|
| Nifty Index |
7,904
|
7,914
|
7,925
|
7,946
|
7,968
|
7,979
|
7,989
|
| ABB Ltd |
1,110
|
1,112
|
1,114
|
1,118
|
1,122
|
1,124
|
1,126
|
| ACC |
1,344
|
1,348
|
1,352
|
1,360
|
1,367
|
1,371
|
1,375
|
| Ambuja Cements |
201
|
202
|
202
|
203
|
204
|
205
|
206
|
| Bajaj Holdings |
1,651
|
1,654
|
1,657
|
1,662
|
1,667
|
1,670
|
1,673
|
| BHEL |
167
|
168
|
168
|
169
|
170
|
171
|
171
|
| Bharti Airte |
334
|
336
|
337
|
340
|
343
|
344
|
346
|
| Cipla |
645
|
646
|
647
|
650
|
652
|
653
|
654
|
| Dabur India |
274
|
275
|
275
|
277
|
278
|
278
|
279
|
| GAIL India |
367
|
369
|
371
|
375
|
380
|
382
|
384
|
| Grasim Ind. |
3,720
|
3,726
|
3,733
|
3,747
|
3,761
|
3,768
|
3,775
|
| HCL Tech |
841
|
844
|
848
|
855
|
863
|
866
|
870
|
| HDFC Bank |
1,077
|
1,078
|
1,080
|
1,083
|
1,086
|
1,087
|
1,089
|
| Hero Honda |
2,665
|
2,672
|
2,680
|
2,695
|
2,710
|
2,718
|
2,726
|
| Hindalco |
83
|
84
|
84
|
85
|
85
|
86
|
86
|
| Hindustan Unilever |
853
|
855
|
857
|
862
|
867
|
870
|
872
|
| ICICI Bank |
259
|
260
|
260
|
261
|
263
|
263
|
264
|
| Infosys Tech |
1,091
|
1,094
|
1,098
|
1,105
|
1,111
|
1,115
|
1,118
|
| ITC Ltd |
323
|
324
|
325
|
328
|
330
|
331
|
332
|
| L&T |
1,265
|
1,267
|
1,270
|
1,276
|
1,281
|
1,284
|
1,287
|
| MTNL |
22
|
22
|
22
|
22
|
22
|
23
|
23
|
| M&M |
1,258
|
1,261
|
1,265
|
1,272
|
1,278
|
1,282
|
1,285
|
| Maruti Suzuki |
4,566
|
4,578
|
4,591
|
4,615
|
4,640
|
4,653
|
4,665
|
| Mahindra Satyam |
518
|
519
|
520
|
522
|
523
|
524
|
525
|
| National Alumin |
40
|
40
|
40
|
40
|
40
|
40
|
41
|
| ONGC |
236
|
238
|
239
|
242
|
245
|
246
|
247
|
| Oriental Bank |
137
|
138
|
139
|
141
|
142
|
143
|
144
|
| PNB |
114
|
114
|
115
|
116
|
117
|
117
|
117
|
| Ranbaxy Labs |
807
|
810
|
813
|
820
|
826
|
830
|
833
|
| Reliance Capital |
427
|
430
|
433
|
438
|
443
|
445
|
448
|
| Reliance Comm |
87
|
87
|
88
|
88
|
89
|
89
|
89
|
| Reliance Energy |
520
|
525
|
531
|
543
|
554
|
560
|
565
|
| Reliance Inds |
1,001
|
1,004
|
1,007
|
1,013
|
1,018
|
1,021
|
1,024
|
| R Power |
54
|
55
|
56
|
57
|
58
|
59
|
59
|
| Siemens India |
1,190
|
1,193
|
1,196
|
1,201
|
1,206
|
1,209
|
1,211
|
| SBI |
223
|
223
|
224
|
224
|
225
|
226
|
226
|
| TCS |
2,413
|
2,420
|
2,426
|
2,439
|
2,452
|
2,459
|
2,465
|
| Tata Motors |
387
|
388
|
389
|
391
|
393
|
395
|
396
|
| Tata Power |
67
|
67
|
67
|
68
|
68
|
69
|
69
|
| Tata Steel |
257
|
258
|
258
|
260
|
261
|
261
|
262
|
| Tata comm |
424
|
427
|
429
|
435
|
440
|
442
|
445
|
| Wipro |
556
|
557
|
558
|
560
|
562
|
563
|
564
|
| Wire And Wireless |
35
|
35
|
35
|
36
|
37
|
37
|
38
|
| Zee Entertainment |
428
|
430
|
432
|
437
|
442
|
444
|
446
|
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