INDIAN EQUITY MARKET OUTLOOK-31 MARCH 2016

INDIAN BENCHMARKS 

Indian markets are likely to open little changed on Thursday amidst a mixed trend across stocks in Asia and ahead of the March derivative expiry, sapping risk taking appetite. SGX Nifty is trading 12.50 points lower. Indian markets rose today and posted their biggest single-day percentage rise in about a month, tracking gains throughout Asia after US Federal Reserve Chair Janet Yellen called for caution when raising interest rates. The S&P BSE Sensex and CNX Nifty ended 1.76%-1.82% higher each.On Wednesday (March 30, 2016), Snapping two-day losing streak, the BSE SENSEX closed at 25338.58, up by 438.12 points, or by 1.76%, and the NSE Nifty ended at 7735.2, up by 138.2 points, or by 1.82%.

                                                                      

Global Markets:

Asian shares edged up to a four-month high on Thursday, taking cues from Wall Street gains overnight, as receding worries of near-term U.S. interest rate hikes continued to buoy risk sentiment.

U.S. stocks closed up for a third session in a row Wednesday following dovish comments from Federal Reserve Chairwoman Janet Yellen, helping the Dow Jones Industrial Average set a record for the most up days in a month in six years.

European shares rose on Wednesday after Federal Reserve Chair Janet Yellen called for caution in raising U.S. interest rates, while German retailer Metro surged on demerger plans.

Major Headlines of the day:

• Reliance Capital completes 23% stake sale in life insurance venture

• Adani Group enters defence sector with statement of intent

• Kansai Nerolac sells Chennai land to SPV floated by Brigade & GIC Singapore

Trend in FII flows:   The FIIs were net  sellers of  Rs -1442.47 Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 396.90 Cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET OUTLOOK-30 MARCH 2016

INDIAN BENCHMARKS are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 54 points higher.

                                                                      

Global Markets:

Most Asian stocks rose after Fed Chair Janet Yellen called for a slower pace of US interest rate tightening as she stressed that the rate of inflation in the US hasn’t yet proven to be sustainable in the wake of rising global risks that could slow growth in the American economy.

China’s Shanghai Composite soared by more than 1.5 per cent led by a rise in financial and commodity shares, Hang Seng jumped over 1.6 per cent while Japan’s Nikkei 225 fell as a stronger yen eroded the lure for exporter stocks.

Yellen’s signal over a cautious approach to raising borrowing costs lifted US stocks on Tuesday while sentiment was also boosted after a gauge measuring US consumer confidence climbed to 96.2 in March from 94 in February.

The Dow Jones Industrial Average climbed 0.56 per cent; the Nasdaq Composite advanced 1.67 per cent while S&P 500 rose 0.88 per cent.

Major Headlines of the day:

• Sun Pharma to acquire 14 brands from Novartis 

• Tata Steel: Board open to selling off UK biz

• BEL, Thales to develop PHAROS fire control radar

Trend in FII flows:   The FIIs were net  sellers of  Rs -513.45 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs 556.69 Cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET OUTLOOK-29 MARCH 2016

INDIAN BENCHMARKS are likely to open on a flat to negative note as the global cues look mixed with SGX Nifty trading 6.50 points lower.

                                                                      

Global Markets:

Asian stocks fell led by losses in health care stocks as traders stuck to a cautious tone ahead of key US reports on employment, manufacturing, housing, consumer confidence and Fed Chair Janet Yellen’s speech this week, which may offer further clues over the course of US interest rates.

China’s Shanghai Composite dropped for a second straight day led by losses in technology and property companies as Shenzhen also introduced real estate curbs last week, joining Shanghai.

Hang Seng was trading with slim losses as it reopened after the Easter break and Japan’s Nikkei 225 retreated amidst mixed economic data as a rise in household spending was accompanied by an increase in the country’s jobless rate.

Wall Street ended little changed on Monday as traders assessed mixed US economic data which showed that consumer spending barely rose in February but contracts to purchase US existing homes rebounded.

Household spending in the US climbed by 0.1 per cent for a third straight month in February while the index measuring pending home sales rose 3.5 per cent in February over the prior month, the biggest gain in a year.

The Dow Jones Industrial Average climbed 0.11 per cent; the Nasdaq Composite fell 0.14 per cent while S&P 500 rose 0.05 per cent.

Major Headlines of the day:

1. Ashok Leyland sells 0.55% stake in Indusind Bank for Rs300 cr 

2. Cadila Healthcare acquires 'Actibile’ from Albert David for Rs55 Cr 

3. LIC ups stake in IDBI Bank to 14.3%

Trend in FII flows:   The FIIs were net  sellers of  Rs -2042.94 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 2494.44 Cr, as per the provisional figures released by the NSE.

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WEEKLY EQUITY MARKET REPORT 21 MARCH TO 26 MARCH-2016

INDIAN BENCHMARK witnessed an illustrious Week on support coming from global markets mainly Asia which lifted investor sentiments in domestic markets. The Sensex and

Nifty rose 0.95%-1.25% each for the week ended March 18, 2016.

GLOBAL MARKET CHASE

ASIAN STOCKS closed higher today as investors turned more positive on riskier assets after the Federal Reserve's cautious stance on further interest rate increased. However, Japanese market bucked the trend as the dollar’s fall against the yen was seen hurting the country’s exporters.

U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.

EUROPEAN STOCKS steadied on Friday, with export-oriented auto stocks recovering as the euro lost some ground against the dollar, while oil stocks fell after a drop in crude prices.

WEEK AHEAD

In the coming week, the trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar, and crude oil price movement will dictate trend on the bourses in the absence of any domestic macro-economic data. Next week is a truncated trading week. The stock market will remain shut on Thursday, 24 March 2016, on account of Holi and again on Friday, 25 March 2016, on account of Good Friday.

The next major trigger for the Indian markets is Q4 results of India Inc. The Q4 results season starts during second week of April 2016.

On the global front, existing home sales data in the US will be unveiled on Monday, 21 March 2016. New home sales data in the US will be unveiled on Wednesday, 23 March 2016.

US will unveil Q4 gross domestic product (GDP) data on Friday, 25 March 2016. Eurozone Markit PMI Composite index data for March will be unveiled on Thursday, 24 March 2016

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WEEKLY EQUITY MARKET REPORT 14TH MARCH TO 19TH MARCH-2016

INDIAN BENCHMARK markets closed with marginal gains and remained in a narrow range throughout the week. The Sensex rose 0.29% and the Nifty was up by 0.33% for the week ended March 11, 2016.

GLOBAL MARKET CHASE

ASIAN STOCKS rose on Friday, on track for weekly gains, shrugging off global losses logged after the European Central Bank eased aggressively but suggested it was running out of room to cut interest rates even if other stimulus options remained.

U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.

EUROPEAN STOCKS bounced back on Friday, with a recovery in metal and oil prices boosting commodities stocks and the ECB's bank funding plan continuing to support lenders in the euro zone periphery for a second day

Week Ahead

In the coming week, the government is scheduled to announce data on inflation based on the consumer price index (CPI) for February 2016 on Monday, March 14, 2016. On the same day, data on inflation based on the wholesale price index (WPI) for February 2016 is also due to be released by the government. A Jaitley may provide a roadmap for rationalization of the corporate tax exemptions in Budget. The data on payment of fourth and final installment of advance taxes by India Inc will be out during the middle of March 2016.

Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due during the middle of the month. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. The first review takes place during the middle of the month and the last review at the month-end.

FII/MF activity:

The foreign institutional investors (FIIs) have been net buyers of the Indian stocks worth a net of Rs1779.88 crore till March 08, 2016, while the domestic investors were net sellers of Indian stocks to the tune of Rs780.60 crore during the week till March 09, 2016

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The market started off last day of the week on a positive note

The 30-share BSE Sensex rose 79.40 points to 24756.77 and the Niftyadvanced 21.65 points to 7534.20.

Hindalco Industries, Bharti Airtel, TCS, ONGC, Adani Ports, Idea Cellular, Cairn India and Vedanta gained 1-2 percent while Lupin fell 2 percent on CLSA downgrade. Sun Pharma, HUL, Dr Reddy's Labs and BPCL were other losers.

The Indian rupee opened with a gain of 13 paise at 66.62 per dollartoday against previous close of 66.75.

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INDIAN EQUITY MARKET OUTLOOK-17 MARCH 2016

INDIAN BENCHMARKS 

Indian equity benchmarks are tipped to witness a gap up opening on Thursday tracking a bullish trend in markets across Asia and a positive finish at Wall Street overnight after the US Federal Reserve scaled back its trajectory for raising interest rates this year, citing rising global economic and financial risks to growth in the world’s biggest economy, bolstering risk taking appetite. SGX Nifty is trading 79.50 points higher. Indian stock markets clawed back losses to close higher on Wednesday, led by gains in beaten-down healthcare stocks such as Lupin LUPN.NS and as a rise in crude oil prices propped up global markets.. The S&P BSE Sensex and CNX Nifty ended 0.53%-0.51% higher each.On Wednesday (March 16, 2016), 30-share Sensex ended at 24682.48, up by 131.31 points, or by 0.53%, and the NSE Nifty ended at 7498.75, up by 38.15 points, or by 0.51%.

                                                                      

Global Markets:

• Asian shares gained across the board on Thursday and the dollar was on the defensive after suffering substantial losses as risk appetite revived after the U.S. Federal Reserve reduced the number of interest rate hikes expected this year.

• European stocks ended little changed on Wednesday, coming off session highs after a report showed U.S. inflation rose more than expected last month, with gains for energy and auto company shares offset by a weaker banking sector.

• U.S. stocks rallied after the Federal Reserve left interest rates unchanged and signaled more gradual increases..

Major Headlines of the day:

• IOC, OIL, BPRL to buy 29.9% stake in Russian oil field for $1.3 bn

• TVS Motors' products will be sold through Snapdeal also now

• Reliance Jio to raise Rs 5,000 cr via debentures.

Trend in FII flows:   The FIIs were net  sellers of  Rs -625.58 Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 680.16 Cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET OUTLOOK-16 MARCH 2016

INDIAN BENCHMARKS we’re trading in negative trend in the morning trading session with negative bias tracking mixed global cues. Investors are keenly awaiting the outcome of the two-day US Federal Reserve policy meet which began yesterday. The Federal Reserve's two-day monetary policy meeting will end today. On Tuesday, benchmark indices closed lower dragged by pharma shares after the government notified a ban on about 300 fixed dose combination (FDC) drugs.  At 9:30 AM BSE SENSEX was at 24500.03, down by 51.14 points or by 0.21% while the NSE Nifty was at 7461.9, up by 1.3 points or by 0.02%. The top gainers of the BSE Sensex pack were BHEL 1.32%, ITC 0.80%,  L&T 0.57%, Hero MotoCorp 0.54%, Tata Steel 0.53%, among others. The top losers of the BSE Sensex pack were Asian Paints 1.59%, Dr. Reddy's Laboratories 1.47%, Bharti Airtel 1.27%, Bajaj Auto 1.10%, HDFC 0.97%, among others. The Market breadth, indicating the overall strength of the market, was strong. 

Among overseas markets, Asian shares were mixed on Wednesday while the dollar dithered as markets waited anxiously for the Federal Reserve to provide guidance on the risk of US rate hikes this year. While no move is expected at this meeting it does include updates of Fed members' economic projections and a news conference with Chair Janet Yellen, events that have caused violent market reactions in the past. Investors put discretion before valour and nudged MSCI's broadest index of Asia-Pacific shares outside Japan down 0.1%. Japan's Nikkei took a knock from a firmer yen and slipped 0.8%

Trend in FII flows:   The FIIs were net  sellers of  Rs -54.01 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs -304.31 Cr, as per the provisional figures released by the NSE.

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Equity benchmarks started off Tuesday on a negative note

The 30-share BSE Sensex fell 34 points to 24770.28 and the 50-share NSE Nifty declined 17.25 points to 7521.50.

Lupin crashed 6 percent on Goa facility inspection by USFDA. HDFC and Sun Pharma declined over a percent while Infosys, SBI, TCS, L&T, Axis Bank and Maruti Suzuki gained 0.2-0.8 percent.

The Indian rupee has opened lower by 11 paise at 67.22 per dollar against 67.11 a dollar in previous session. 

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