Stock Tips | Stock Trading Tips | Indian Share Market Tips

 The Indian markets saw a positive opening this morning. While all the sectors are trading in the green zone, Bankex is in the lead as of now. The Nifty has gained 80 points to trade at 6124 and Sensex is up 244 points at 20660. Both indices are trading higher in the range of 1.45%-1.45%.

 

The advance-decline ratio is in positives. On the NSE, 1790 shares are trading in gains and 1279 shares are down.

Top Nifty Gainers: IndusInd Bank is the top gainer so far, up by 4.5%, followed by Tata Steel, JP Associates, Sesa Sterlite and ICICI Bank.

Top Nifty Losers: TCS and BHEL are the only two stocks which trading at the lower end at this hour.

All the sectoral indices were in gains in the opening session. Bankex has moved up by 320 points, Metals is up 216 points and Auto is trading 163 points higher. The Mid-Cap and Small-Cap indices are also both up by around 60 points.

In the Asian markets, the Hang Seng market is the top gainer, up by 237 points and Taiwan Weighted is up by 66 points. Nikkei is seeing nominal downtrade, down by 34 points.

Buzzer: IndusInd Bank is trading higher by 4.9%, having made a new intraday high of Rs 408.90 this morning. The stock has broken all its major hurdles at the current level, and may move above Rs 410 by closing trades.

Nifty Futures has taken support at 6100 in today’s session. Going ahead, the index may continue with this positive trend if it crosses 6160.

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Stock Market Live

Indian equity markets witnessed a gap up on Monday. However profit booking at higher levels took the leading indices down by about 1% in the afternoon session. By the end of the day we saw some recovery in market and nifty managed to close at 6089. Nifty on daily charts has formed Bearish engulfing pattern and RSI is showing negative divergence. This suggest market is has formed short term top and may see some weakness ahead. However there are some positive points as well nifty has hold on to levels of 6080 on closing basis as well hold on to lows of hanging man which was formed on 11th October, 2013. This correction is healthy and trend will reverse only if nifty breaks 5960 on closing. So buying on dips would be best strategy.  For intraday nifty has resistance around levels of 6120-6175. On downside support for nifty is around 6040-5990.

National Aluminium Company’s alumina exports in the first half of FY14 vaulted 50 per cent from a year ago, mainly on account of the capacity expansion undertaken by the company. In the six months to September, Nalco exported 638,000 tonnes of alumina compared with 425,000 tonnes in the same period of fiscal 2012-13, the company said recently. The jump was largely because the company has expanded production capacity. We expect the scrip to move upwards in near term. 

Mindtree’s net profit rose by 77.8% to Rs 128.7 crore for the September quarter on the back of a strong growth in manufacturing and retail vertical. Revenues for the reported quarter grew 29.2% to Rs 769.5 crore from Rs 595.3 crore in the same period last fiscal.

Heidelberg Cement India today reported a Rs 28.35 crore loss for the July-September quarter on higher finance costs and depreciation expenses. The company, a subsidiary of German building material major Heidelberg Cement, had clocked Rs 7.5 crore net profit in the same quarter last fiscal.

Bajaj Holdings & Investments has posted a net profit after tax of Rs. 484.12 crore for the quarter ended September 30, 2013 as compared to Rs. 485.64 crore for the quarter ended September 30, 2012. Total Income has increased from Rs. 506.43 crore for the quarter ended September 30, 2012 to Rs. 508.36 crore for the quarter ended September 30, 2013.

Buoyed by a strong demand for outsourcing services, Tata Consultancy Services (TCS) would hire 5,000 people more than its initial target of 45,000 this fiscal. 

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Stock Market News Today

Indian markets are expected to open largely flat tracking flat to negative opening in most of the Asian markets as data out over the weekend showed a surprise drop in Chinese exports in September. In addition, August IIP data (for India) released on Friday came in at paltry 0.6% vs 2.8% in July.
US markets moved mostly higher on Friday benefiting from signs that lawmakers in Washington are making progress toward resolving the latest fiscal crisis and House Republicans were proposing a deal that would avert default and end the 11-day-old government shutdown. On the economic front, Thomson Reuters and the University of Michigan released a report showing that US consumer sentiment has continued to deteriorate in the month of October with index coming in at 75.2 compared to the September reading of 77.5. Meanwhile, European markets also ended higher on Friday on optimism that a deal on the debt-ceiling may be soon reached in the US, as the partial government shutdown enters the 11th day.
Indian markets sharply on Friday, with IT and realty stocks leading the rally, after Infosys reported healthy set of earnings results and capital market regulator SEBI issued draft regulations for setting up real estate investment trusts to increase the depth of India's real estate market in the country.

Economic and Corporate Developments

- The Reserve Bank of India's (RBI) net dollar sales in the forex spot market was $2.46 billion in August — when the rupee touched an all-time low of 68.85 against the dollar during intraday trades — compared with $5.9- billion in July. According to RBI data released on Thursday, it sold $3.1- billion and bought $324 million in August.
- The finance ministry pegs the current account deficit (CAD) at 3.7 per cent of gross domestic product (GDP) for the current financial year, but a survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) projected it to be four per cent. This is high since many analysts peg the CAD at less than that forecast by the ministry.
- The Reserve Bank of India (RBI) has granted permission to banks to borrow from international/multilateral financial institutions for a limited period of up to November 30, said RBI on Thursday. RBI also said such borrowings should be for the purpose of general banking business and not for capital augmentation. According to the central bank, such borrowings shall be eligible for the concessional swap facility of RBI.

Result Review 

Reliance Industries (CMP: Rs.863/ TP: - Rs.953/ Upside: 10%)

Reliance Industries Ltd. (RIL) is scheduled to announce its 2QFY2014 results today. We expect the company's top line to increase by 6.4% yoy to Rs.96,117cr due to higher petrochemical prices during the quarter and INR depreciation against the US$. We expect the company's operating margin to contract by 95bp yoy to 7.7% due to lower gas production. The company's bottom-line is expected to increase by only 2.7% yoy to Rs.5,555cr. We maintain our Accumulate rating on the stock.

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Stock Market Watch

Many companies with over-average rural exposure fare better in stock market

      India Inc's rural champions have probably never had it so good. The best monsoon in 15 years has erased bad memories of last year's drought and kindled hopes of a turnaround in demand for key products. At a time when the rest of India Incis either groaning under heavy debt or struggling to sell in a sluggish market, companies with heavy rural focus are literally licking their lips in anticipation of a surge in demand in India's villages and towns. Already, two-wheeler sales are inching up, tractor sales are booming and banks are hiring employees in far-flung regions, hoping to benefit from a monsoon that has increased the kharif area by 5% and water reservoir levels by 15%. 

       Deutsche Bank says in a report that years of above-average rainfall have increased rural prosperity and stock markets have responded by pushing up prices of companies with a strong rural presence. But there is an interesting divergence here. Companies with above-normal exposure to rural areas are doing much better than those with an equal split of urban and rural or with less than average rural presence. So, an M&M Financial, with 80% of income from rural areas, is outperforming Bajaj Finance and Shriram Transport; Emami and ITCBSE -0.65 % are outperforming Hindustan Unilever, Hero's traditional rural strength is helping its stock race past Bajaj Auto.

Stock Market Tips For Today 04-10-2013

BUY ASTRAZENECA PHARMA (LCP 896.3) ABOVE 903 TG-910-920
BUY FINTECH (LCP-159.55) ABOVE 161 TG-164-168

     
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