Live Stock Tips –Nifty holds 8250 amid pressure; midcap

The market continued to trade lower on mild profit booking on the very first day of the year 2015. The Sensex fell 47.59 points to 27451.83 and the Nifty declined 14.60 points to 8268.10 while the broader markets outperformed frontline indices.

The BSE Midcap and Smallcap indices gained 0.5 percent each. About two shares advanced for every share declining on the Bombay Stock Exchange.

The Nifty is expected to oscillate between 7,600 on the downside and 9,500 on the upside, according to Amit Gupta of ICICI Direct. For 2 Days Free Trial, please visit our site at http://www.capitalheight.com/ or Call at 0731-

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Stock Trading Tips – Market likely to open higher on positive Asian stocks

The Stock market has opened last trading week of the year with fringy  gains. The Sensex is up 72.01 points at 27313.79 and the Nifty s up 15.70 points at 8216.40. About 417 shares have advanced, 135 shares declined, and 35 shares are unchanged. Sesa Sterlite, L&T, Dr Reddy's Labs, Tata Motors and ONGC are gainers in the Sensex.

·         Asian markets have started a trade on the positive note in the last week of the year.

·         Hong Kong’s Hang Seng rose 2.11 percent or 492.88 points at 23,842.22.

·         Japan’s Nikkei added 0.41 percent or 72.76 points at 17,891.72.

·         Singapore’s Straits Times was up 0.26 percent or 8.70 points at 3,362.38.

·         South Korea’s Seoul Composite shed 0.55 percent or 10.75 points at 1,937.41.

·         Taiwan’s Taiwan Weighted advanced 0.88 percent or 81.09 points at 9,299.59.

·         China’s Shanghai Composite jumped 2.09 percent or 65.99 points at 3,223.60.

The Indian rupee declined in the early trade. It opened lower by 10 paise at 63.66 per dollar versus 63.56 Friday.  

Today’s Stock Trading Tips

·         BUY GUJRAT GAS (LCP-788.5) ABOVE 790 TG-795-802

·         BUY AMRUTANJAN (LCP 439.2) ABOVE 441 TG-445-452

·         BUY JINDAL PHOTO (LCP 236.65) ABOVE 238 TG-242-247

·         BUY PHILIP CARBON (LCP-153.8) ABOVE 155 TG-158-162

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Live Stock Market Closing News Highlights

The market ended at new record closing high on Friday following further fall in crude oil prices after the OPEC decided not to cut output. Hopes of rate cut or indication of rate cut in monetary policy on December 2 also pushed market higher.

The Sensex rose 255.08 points or 0.90 percent to close at 28693.99 and the Nifty climbed 94.05 points or 1.11 percent to 8588.25.

About 1499 shares have advanced, 1521 shares declined, and 99 shares are unchanged on the Bombay Stock Exchange.

Punjab National Bank, Bank of Baroda, Asian Paints, State Bank of India, IndusInd Bank, Axis Bank, Tata Motors, Tata Steel and M&M were top gainers, up 2.5-7.4 percent.

However, Cairn India fell 4.44 percent followed by Sesa Sterlite with 3 percent loss. Jindal Steel, Bharti Airtel, ONGC, GAIL and Dr Reddy's Labs declined 0.4-0.9 percent. 

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Top News of Stock Market Today

Shares in India's Mahindra and Mahindra Ltd fall 3.3 percent after 11.82 million shares changed hands in twenty-four block deals on the BSE exchange on Thursday morning, according to Thomson Reuters data shows.

Shares are also pressured by the stock going ex-dividend on Thursday after earlier paying 14 rupees a share.

Tata Consultancy Services (TCS) will declare its first quarter (April-June) earnings. Bottomline and operational performance is expected to be weak while dollar revenue growth may be highest in industry during the quarter, say analysts. The first quarter is a seasonally strong quarter for IT companies. 

Shares of Adani Ports & SEZ hit record high at Rs 288.70, up 3 percent intraday as it has obtained environment and coastal regulation zone nod for Mundra SEZ, removing a major overhang. Brokerages are upbeat on the stock as SEZ business will now improve leasing activity and cargo.

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Stock Market News WPI Inflation Accelerates in November

NEW DELHI: With the Wholesale Price Index (WPI) for the month of November rising to a 14-month high of 7.52%, the case for a rate hike by the Reserve Bank of India (RBI) in its upcoming monetary policy review seems to have strengthened, say analysts.
The repo currently stands at 7.75%, while the marginal standing facility is at 8.75%, maintaining a corridor of 100 bps. An interest rate increase will be critical in another respect: as a protection from the effects of the withdrawal of ..the stimulus programme by the US Federal Reserve.

The repo currently stands at 7.75%, while the marginal standing facility is at 8.75%, maintaining a corridor of 100 bps. An interest rate increase will be critical in another respect: as a protection from the effects of the withdrawal of the stimulus programme by the US Federal Reserve.

Abheek Barua, Chief economist at HDFC BankBSE -1.12 % said that RBI's actions will be data dependant rather than some predetermined action on the trajectory of inflation. "What I can say is that the WPI does not give any room for comfort. Based essentially on the CPI, there will be rate action, and we are expecting 25 basis points," Barua said.

Barua however is of the opinion that a rate hike may not be the right solution to help bring down inflation. "The irony is that raising rates isn't helping. I think the government will have to get down to more active supply management because the problem is largely with vegetables and meat and fish, which is the protein basket," he added.

Sujan Hajra, Chief Economist at Anand Rathi Securities feels that a 25 basis points rate hike is likely. "I am looking at a total 50 bps of hike for the financial year. I don't think the government will be completely averse to a rate hike as it has said that inflation remains its biggest worry," he opined.

Echoing the same sentiment, Rupa Rege Nitsure, Chief Economist at Bank of BarodaBSE -0.39 % said, "Earlier I was expecting only 25 bps hike in repo rate, but now I am looking at either a 50 bps CRR or a 25 bps hike in repo and 25 bps in CRR."

According to Nitsure, "The pressures are across the board. Rupee depreciation, diesel price increases are all pushing up inflation. If the RBI really wants to have effective monetary policy transmission, they should hike CRR ( cash reserve ratio) by 50 bps as liquidity is sloshing around and that is adding to aggregate monetary demand."

Saugata Bhattacharya, Chief Economist at Axis BankBSE 1.67 % feels that the language of the monetary policy statement will be very tough. "The bulk of the probability is still a 25 basis point rate hike, but given the significantly higher CPI and WPI number a 50 basis points cannot be ruled out."

"Earlier we were expecting the RBI to pause in December policy and raise the rate to 8 percent in January, but after the CPI and WPI data we expect two more rate hikes - one in December and another in January taking the repo rate to 8.25 per cent" Bhattacharya added. 

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