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INDIAN EQUITY MARKET OUTLOOK-30 MAY 2016

INDIAN BENCHMARKS Another strong start set to cheer Dalal Street

The Indian shares are likely to see a strong start as the global cues look supportive with SGX Nifty trading 51.50 points higher.

Indian Indices:

Indian equity benchmarks are likely to witness a gap up opening on Monday tracking a mostly positive trend across markets in Asia amid growing optimism that the US economy is in strong shape to withstand the effect of higher interest rates, bolstering risk taking appetite.

While US economic growth in the first quarter was revised up to 0.8 per cent annualized pace from 0.5 per cent reported earlier, Fed Chair Janet Yellen said that an improving American economy is likely to pave the way for a hike in borrowing costs in the coming months.

Global Markets:

Most Asian stocks advanced on speculation that the world’s biggest economy is strong enough to handle higher borrowing costs.

Shanghai Composite fell as metal and technology shares retreated while a slowdown in Chinese industrial profit growth to 4.2 per cent, year on year, in April 2016 from 11.1 per cent in March 2016, added to the worries over the world’s second biggest economy.

Hang Seng rose and Japan’s Nikkei 225 jumped as a weaker yen bolstered the appeal of exporter stocks.

Wall Street marked a bullish finish on Friday with benchmark S&P 500 scoring its biggest weekly gain since March as Yellen said that improvement in the US economy warranted a rate hike as early as this summer.

European shares were steady on Friday, propped up by the Swiss stock market and pharmaceuticals companies after drugmaker Roche climbed on positive results for one of its products.

Major Headlines of the day:

Sun Pharma gets US subpoena over generic drugs pricing
Tech Mahindra to buy out UK's Target TOPCO Ltd for GBP 112mn
Bajaj Auto eyes 25% market share in domestic motorcycle industry.

Trend in FII flows: The FIIs were net sellers of Rs -479.89 Cr in the cash segment on Friday while the DIIs were net buyers of Rs 69.34 Cr, as per the provisional figures.

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INDIAN EQUITY MARKET OUTLOOK-26 MAY 2016

INDIAN BENCHMARKS Gap up opening on Dalal Street, F&O expiry eyed

The Indian equity benchmarks are likely to witness a positive opening on Thursday on the last day of the May derivative contracts. SGX Nifty is trading 22.50 points higher.

Shares of Jet Airways, ONGC, Tata Chemicals and Union Bank of India will be in focus as these companies unveil their March quarter earnings numbers today. Volatility may remain high at the domestic bourses as traders roll over their positions ahead of the expiry of the May futures & options (F&O) contract today.

Indian shares jumped more than 2 percent on Wednesday to post their best gain in nearly three months, as companies with big rural sales rose after a private weather forecaster predicted more monsoon rains than initially estimated. The S&P BSE Sensex and CNX Nifty rose 2.28%-2.40% each.

Global Markets:

Asian shares look set to extend their recovery from 12-week lows on Thursday after renewed optimism on European banks' prospects and a rise in oil prices to near $50 a barrel helped lift global shares.
US stocks advanced for a second straight session on Wednesday, with the S&P 500 posting its highest close in nearly a month on the back of a rally in energy and materials shares.
European equities jumped to a four-week high on Wednesday with banks buoyed by progress on talks towards securing a debt relief deal for Greece, and energy shares rose on the back of a rally in oil.

Major Headlines of the day:

Bajaj Auto net up on bike sales growth
Ashok Leyland profit hits a speed bump
L&T profit rises 19%, beats Street estimates

Trend in FII flows: The FIIs were net sellers of Rs -495.08 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 337.25 Cr, as per the provisional figures.

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INDIAN EQUITY MARKET OUTLOOK-25 MAY 2016

INDIAN BENCHMARKS Strong opening on D-street amid global rally

The Indian markets are set to witness a gap up opening on Wednesday tracking a surge in Asian equities and a strong finish at Wall Street overnight. SGX Nifty is trading 70.00 points higher.

Shares of Bajaj Auto, Tata Steel and GAIL will be in focus as these companies unveil their March quarter earnings numbers today. Volatility may remain high at the domestic bourses as traders roll over their positions ahead of the May futures & options (F&O) contract expiry on Thursday

Indian shares edged higher, heading for their first gain in five sessions after well-received corporate results, including from Tata Power, offset lingering worries about rate hikes by the US Fed Reserve. The S&P BSE Sensex and CNX Nifty rose 0.30%-0.23% each today.

Global Markets:

Asian shares gained on Wednesday, taking cues from sharp gains in European and U.S. financial shares while the dollar was underpinned as investors count on the U.S. Federal Reserve to hike U.S. interest rates in coming months.
U.S. stocks surged to close higher Tuesday as a rally in financial and technology shares underpinned a sharp, broadly based stock-market advance
European shares rose to their highest point in almost 4 weeks on Tuesday as firmer financial stocks lifted the region's equity markets.

Major Headlines of the day:

Sterlite Tech eyes broadband infra play.
Maruti earmarks 40% capex for product development.
Infosys to run German bank's IT operations.
Tata Power's generation capacity up by close to 5% in FY16.

Trend in FII flows: The FIIs were net sellers of Rs -815.53 Cr in the cash segment on Tuesday while the DIIs were net buyers of Rs 989.95 Cr, as per the provisional figures.

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INDIAN EQUITY MARKET OUTLOOK-23 MAY 2016

INDIAN BENCHMARKS Markets set for positive opening; Asian markets open mixed.

The key domestic equity benchmarks are likely to open on a positive note on Monday even amidst a mixed trend in markets across Asia as investors across the globe await further cues over the timing of the next US Federal Reserve interest rate hike.. SGX Nifty is trading 25.50 points higher.

Indian shares fell for a third consecutive session on Friday to post a weekly loss, tracking weak global markets as caution prevailed about the possibility of an interest rate hike by the U.S. Federal Reserve as early as June. The S&P BSE Sensex and CNX Nifty fell 0.39%-0.43% each today.

Global Markets:

Asian shares rose on Monday after a solid session on Wall Street, while the dollar moved away from recent highs though remained supported as investors bet that the U.S. Federal Reserve was on track to raise rates sooner rather than later.

US stocks closed higher Friday, with tech stocks leading. The Dow Jones industrial average failed to recover gains for the week after stocks fell amid renewed concerns of a rate hike sooner rather than later.

European stocks closed higher on Friday, as Wall Street rose after falling earlier in the week on renewed concerns the U.S. Federal Reserve would raise interest rates in the near-term..

Major Headlines of the day:

GMR to invest Rs471 cr to set up LNG terminal on east coast

SpiceJet plans to list its securities on NSE

IOB to issue over 90 mn equity shares, raise Rs261 cr

RCom, Aircel merger talks extended again by 30 days

Trend in FII flows: The FIIs were net sellers of Rs -743.86 Cr in the cash segment on Friday while the DIIs were net buyers of Rs 597.49 Cr, as per the provisional figures.

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INDIAN EQUITY MARKET OUTLOOK-19 MAY 2016

INDIAN BENCHMARKS Global chaos signal weak start for Indian markets

The Indian shares are likely to see a weak start as the global cues look unsupportive with SGX Nifty trading 27 points lower..

Indian Indices:

Indian equity benchmarks are likely to witness a gap down opening on Thursday amidst uncertainty surrounding US interest rate outlook with the FOMC minutes showing that policymakers discussed the prospect of raising interest rates in June, souring risk taking appetite.

Fed minutes signaled that policymakers said a rise in interest rates next month is warranted if the world’s biggest economy continues to make progress.

Higher interest rates in the US may lead to capital outflows from emerging markets.

Losses in the CNX Nifty Index Futures for May delivery which fell by 0.51 per cent or 40 points at 7,837 at 10:23 AM Singapore time also signal that Dalal Street may open on a bearish note today.

Global Markets:

Asian stocks were trading mixed as commodity producers declined as a surging dollar weighed on metal and oil prices. The dollar jumped as Fed minutes signaled the possibility of a June rate hike.

China’s Shanghai Composite rose, Hang Seng fell and Japan’s Nikkei 225 rallied as a weaker yen bolstered the appeal of exporter stocks.

Wall Street ended on a mixed note on Wednesday as traders weighed the relatively hawkish FOMC minutes.

European stock markets recovered from a weak start on Wednesday, with a rally in banks and a rebound on Wall Street helping to counteract some weak corporate earnings from companies including Switzerland's Sonova.

Major Headlines of the day:

Glenmark gets USFDA nod for rufinamide

Castrol India promoter divests 7% stake viz 34.62 million shares

Indian Hotels puts Taj Boston on block to cut debt

Trend in FII flows: The FIIs were net sellers of Rs -250.70 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 239.91 Cr, as per the provisional figures.

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INDIAN EQUITY MARKET OUTLOOK-18 MAY 2016

INDIAN BENCHMARKS Sluggish start on weak global scenario

The Indian shares are likely to see a weak start as the global cues look unsupportive with SGX Nifty trading 31 points lower.

Indian Indices:

Indian equity benchmarks are likely to open on a negative note on Wednesday tracking a mostly bearish trend across Asia and a sell-off at Wall Street overnight amidst growing fears over a near-term US Federal Reserve interest rate hike in the near-term, souring the appetite for risky assets.

Losses in the CNX Nifty Index Futures for May delivery which fell by 0.45 per cent or 35.5 points at 7,873.5 at 10:29 AM Singapore time also signal that Dalal Street may open lower today.

Shares of Corporation Bank, JK Lakshmi Cement, JSW Steel, Punjab National Bank, Tata Communications and Torrent Power will be in focus as these companies unveil their March quarter earnings today.

Traders will also be cautious ahead of the results of assembly elections in Assam, Kerala, Tamil Nadu, West Bengal and Puducherry on Thursday which predicted a Left Democratic Front (LDF) victory in Kerala, and a Bharatiya Janata Party (BJP) win in Assam.

Global Markets:

Asian stockswere trading mostly lower as US economic data bolstered the case for higher interest rates while traders weighed data showing that Japan’s economy grew more than expected in the first quarter, clouding the outlook for further stimulus and the need to delay a sales tax hike.

China’s Shanghai Composite fell and Hang Seng tumbled over 1 per cent while Japan’s Nikkei 225 advanced as Japan’s economy expanded an annualized 1.7 percent in the March 2016 quarter.

Wall Street tumbled on Tuesday as gains in consumer prices with the cost of living in the US climbing by the most in three years, and comments by two Fed officials who called for a rise in US interest rates hit sentiment.

European shares steadied on Tuesday with gains in companies such as Taylor Wimpey and Vodafone following encouraging updates and a rally in mining companies offset by a weaker auto sector.

Major Headlines of the day:

SBI: Looking to merge five subsidiary banks with itself

Glenmark gets FDA approval for generic Rufinamide

Ajay Piramal and Shriram Group plan to combine Finance Businesses

Trend in FII flows: The FIIs were net sellers of Rs -224.97 Cr in the cash segment on Tuesday while the DIIs were net buyers of Rs 384.67 Cr, as per the provisional figures.

Read our more services below:

CapitalStars Financial Research Financial Advisory Services

www.capitalstars.com | T:+91-731-6790000,6669900