INDIAN EQUITY MARKET OUTLOOK-28 APRIL 2016

INDIAN BENCHMARKS Positive opening seen on D-Street as Fed; F&O expiry in focus

The key Indian equity benchmarks are likely to open on a positive note on Thursday tracking a rally across most Asian markets as traders cheered the US Fed’s signal that it will continue to tread on the slow rate hike path, bolstering the lure for risky assets. Dalal Street may see increased volatility today as traders roll over their positions ahead of the April derivative contracts expiry. SGX Nifty is trading 30.50 points lower.ACC, Ambuja Cement, Idea, HCL Tech and Dabur will be in focus as traders eye their quarterly earnings releases today. 

Indian Indices edged higher to post a second session of gains on Wednesday, led by ONGC after crude oil rallied to 2016 highs, but gains were limited ahead of U.S. and Japanese central bank policy decisions. The S&P BSE Sensex and CNX Nifty rose 0.22% respectively.

Global Markets:

Most stock markets in Asia rose Thursday before Japan’s central bank decides whether to ease monetary policy further to boost the sluggish economy.

US stocks closed with mixed results on Wednesday 27 April as the tech sector dipped and the Federal Reserve left interest rates unchanged.

European stocks drifted lower on Wednesday morning as positive corporate news failed to offset nervousness ahead of the Federal Reserve's rate decision later today.

Major Headlines of the day:

Nalco to go for toll-smelting of aluminium in Iran.

Biocon expects more filings this year for biosimilars, drugs.

Tata Motors to issue NCDs to raise Rs300 crore.

Trend in FII flows:   The FIIs were net  sellers of  Rs 411Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 295.07 Cr, as per the provisional figures

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INDIAN EQUITY MARKET OUTLOOK-25 APRIL 2016

INDIAN BENCHMARKS Bearish opening on the cards

The key Indian equity benchmarks are likely to witness a gap down opening on Monday tracking a slump in stocks across Asia as traders were wary of risky assets ahead of the US Federal Reserve and the Bank of Japan’s monetary policy meetings this week . SGX Nifty is trading 10.00 points lower.

Indian shares edged lower on Friday, a day after hitting their highest levels this year, as investors booked profits in recent outperformers but indexes were still headed for weekly gains on the back of strong flows. The S&P BSE Sensex and CNX Nifty fell 0.16% each.

Global Markets:

Asian shares dropped on Monday while the dollar slipped as investors took profits from the currency's recent gains ahead of central bank meetings in the United States and Japan this week.

Wall Street was mixed on Friday as disappointing quarterly reports from Microsoft and Alphabet slammed tech stocks and weighed against a surge in oil prices that lifted energy shares.

European shares fell on Friday as automaker Daimler reported disappointing results and said it would investigate its U.S. emissions certification process.

Major Headlines of the day:

Airtel to consider share buyback on April 27.

M&M Financial Services March quarter profit up 12% at Rs 411 cr.

JetLite to be merged with Jet Airways.

Tata Motors to raise Rs 300 crore via NCDs.

Trend in FII flows:   The FIIs were net  sellers of  Rs -191.07 Cr in the cash segment on Friday while the DIIs were net buyers of  Rs 168.64 Cr, as per the provisional figures

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INDIAN EQUITY MARKET OUTLOOK-20 APRIL 2016

INDIAN BENCHMARKS Bears likely to start the session on Dalal Street 

Indian shares are likely to open on a cautious note as the global cues look unsupportive with SGX Nifty trading 28 points lower. The key Indian equity benchmarks are set to witness a negative opening on Wednesday as traders weigh a mixed trend in fellow Asian peers even as the biggest surge in commodities since August buoyed Wall Street overnight. A decline in the CNX Nifty Index futures for April delivery which fell by 0.21 per cent or 16.5 points to 7,975 at 10:49 am Singapore time, signals a bearish opening for the Sensex today. Caution is expected to rule D-Street today as investors eye the fourth quarter earnings of Wipro with analysts expecting a 2.8 per cent sequential growth in dollar revenue for the company. TCS may be in focus today after posting a better than expected 3.8 per cent sequential growth in Q4 net income late Monday.

However, sentiment may remain supported by rising hopes of a further interest rate cut by the RBI over the coming months as softening inflation leaves more leeway for policy easing. The country’s wholesale inflation came in at -0.85 per cent in March 2016, the seventeenth straight month of contraction. While markets were closed on Tuesday, the 30-share Sensex on Monday rallied by 189.61 points or by 0.74 per cent at 25,816.36. On BSE, total number of shares traded was 19.78 Crore and total turnover stood at Rs. 2223.34 Crore.

Trend in FII flows:   The FIIs were net  sellers of  Rs -977.98 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 313.22 Cr, as per the provisional figures

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INDIAN EQUITY MARKET OUTLOOK-18 APRIL 2016

INDIAN BENCHMARKS Cautious start likely ahead of TCS Q4 earnings

The key Indian equity benchmarks may open lower on Monday as traders weigh a bearish trend across Asian markets amidst a sharp plunge in oil prices following the failure of Doha talks where major oil producers were unable to reach an agreement on limiting output to ease a supply glut, souring sentiment in risky assets. Markets from China to Hong Kong and Japan bled heavily as traders shunned equities and fled to safe haven assets. A decline in the CNX Nifty Index futures for April delivery which fell by 0.44 per cent or 35 points to 7,896.5 at 10:42 am Singapore time, signals a negative opening for the Sensex today.

The focus will be on the country’s biggest software exporter TCS which will unveil its Q4 numbers today while the March wholesale inflation data is also due during the course of the trading session. Shares of Infosys may witness an upward movement after the IT major on Friday trumped Street estimates by posting a consolidated net profit of Rs3,597 crore, up by 3.8 per cent on a sequential basis. Moreover, some volatility may plague the local bourses ahead of tomorrow’s trading holiday. The 30-share Sensex which was closed on Thursday and Friday advanced by 481.16 points or by 1.91 per cent at 25,626.75 as the Met Department’s prediction of a good monsoon, and upbeat macroeconomic data brought cheer to traders. Snapping three months of contraction, India’s industrial output climbed 2 per cent, year on year in February 2016 while consumer inflation softened to 4.8 per cent in March 2016 from 5.3 per cent in February, raising hopes of more interest rate cuts.

Trend in FII flows:   The FIIs were net  sellers of  Rs -664.27 Cr in the cash segment on Friday while the DIIs were net buyers of  Rs 269.89 Cr, as per the provisional figures released by the NSE

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Equity mutual funds add 43 lakh folios in FY16

Equity mutual funds witnessed an addition of over 43 lakh investor accounts or folios in 2015-16, primarily on account of robust contribution from smaller towns.

In comparison, equity mutual funds (MFs) added 25 lakh folios in the preceding fiscal.

Folios are numbers designated for individual investor accounts, though one investor can have multiple accounts.

Growing participation from retail investors, especially from small towns, huge inflows in equity schemes and several measures taken by Sebi have led to sharp increase in folios, Sebi Chairman U K Sinha had said last month.

The regulator has given extra incentives for those expanding into smaller cities.

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Infosys Q4 net profit rises 16.4% y-o-y to Rs 3,597 crore

India's second-largest software firm, Infosys, reported a 16.14 % rise in fourth quarter profits to Rs 3,597 crore, while the company’s revenue grew 23.4% to Rs 16,550 crore.

Infosys, the first large Indian IT services firm to post results, had reported Rs 3,097 crore profit on revenue of Rs 13,411 crore in the January to March quarter last year. 

The Bengaluru-based IT bellwether forecast dollar revenue to grow between 11.5% and 13.5% in constant currency and 11.8% and 13.8% in March 2016 exchange rates for the year ahead.

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INDIAN EQUITY MARKET OUTLOOK- 13 Apr 2016

Sensex jumps 400 pts, Nifty eyes 7850; ICICI, M&M soar 4-5%

The Sensex climbing 400 points and the Nifty eyeing 7850 level. All sectoral indices continued to be positive, tracking good monsoon forecast, better-than-expected CPI & IIP data and positive global cues.

The 30-share BSE Sensex rallied 398.43 points or 1.58 percent to 25544.02. The 50-share NSE Nifty rose 121.45 points or 1.58 percent to 7830.40 that recovered 1000 points from February low of 6825. 

The broader markets also participated in rally with the BSE Midcap and Smallcap indices rising more than 1 percent. About four shares advanced for every share declining on Bombay Stock Exchange.

ICICI Bank and Mahindra & Mahindra were top contributors to Sensex's rally, up 4-5 percent followed by HDFC, ITC, HDFC Bank, Tata Motors, L&T, SBI, Wipro, Bharti and Maruti Suzuki with 1-3.6 percent.

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