BP Equities_Morning Wealth_2nd_February, 2015.pub

2nd Feb , 2011 Morning Wealth
BP WEALTH
Monday, 2nd February, 2015
Nifty Futures
Resistance
Support
Level 1
8,900
8,820
Indices (NSE)
Close
Level 2
Level 3
8,950
8,980
8,780
8,720
Intraday Nifty Outlook
Nifty
8,808.9
-143.5
-1.6
Index formed a bearish engulfing- a bearish reversal candlestick pattern. Index
is moving in an upsloping formation and is currently facing resistance around
the upper trend line, A failure to surpass this trendline may call for a halt in
the upgoing upmove. Going ahead index now has resistance in the range of
8950-9030 while support comes at 8820-8780.
Nifty Future (Feb)
8,872.7
-75.9
-0.8
Corporate News
Nifty Future (Mar)
8,931.3
-55.0
-0.6
19,843.8
-684.8
-3.3
CNX100
8,795.0
-129.3
-1.4
CNX500
7,166.7
-90.6
-1.2
CNX Midcap
13,124.1
-55.0
-0.4
Rashtriya Ispat Nigam Ltd proposes synergy with NMDC for marketing
steel products
Steelmaker Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam said it in talks
with PSU major NMDC for marketing steel products through its strong marketing network. RINL CMD P Madhusudan said NMDC is going to commission a
new steel plant and the idea is that RINL will undertake the marketing as it has
a strong network for it across the country. "But, it will be two-three years down
the line where plant of NMDC would be ready. So, the marketing would start
thereafter. In the meantime, we are trying to work out a strategy through which
they need not perhaps invest in the marketing network and RINL could step in
as we already have a national network (for marketing)," he added. (Source:
Economic Times)
Indices (BSE)
Close
Sensex
29,182.9
-498.8
-1.7
BSE-100
8,903.1
-116.2
-1.3
BSE-200
3,641.1
-43.4
-1.2
BSE-500
11,346.2
-128.3
-1.1
Mid Cap
10,738.5
-32.5
-0.3
Small Cap
11,329.2
-49.5
-0.4
Sectoral Indices
Close
BANKEX
22,715.5
-737.6
-3.1
CAPITAL GOODS
REALTY
POWER
OIL & GAS
METAL
17,095.7
1,811.4
2,224.5
10,143.2
10,190.2
-122.4
38.6
19.3
-65.3
-85.9
-0.7
2.2
0.9
-0.6
-0.8
CD
10,655.4
-200.9
-1.9
AUTO
19,985.9
-245.1
-1.2
TECK
6,136.4
-10.5
-0.2
11,178.7
8,275.4
15,666.5
20.1
22.2
-45.9
-83.
0.7
0.2
-0.6
-0.5
3.8
Bank Nifty
IT
FMCG
HEALTHCARE
VIX
Exchange
Advance
Pts. Chg
Pts. Chg
Pts. Chg
Decline
% Chg
% Chg
% Chg
Unchg
BSE
1,194
1,669
112
NSE
579
917
76
Volume
NSE Cash
Rs (in cr)
% Change
24,550.8
-3.4
BSE Cash
3,450.5
13.3
NSE F&O
1,96,875.5
-66.1
Net Inflows/
Outflows (Rs in cr)
FII
DII
Buy
6,145.7
2,281.9
Sell
6,917.2
2,319.5
Net
-771.5
-37.6
Lower realisation keeps Grasim profit flat at Rs 334 cr; sales up 13%
Grasim Industries, an Aditya Birla Group company, reported a marginal increase in December quarter net profit at Rs.334 crore against Rs.332 crore in
the same period last year due to lower realisation. Net sales were up 13 per
cent to Rs.8,036 crore (Rs.7,117 crore). While the company’s viscose staple
fibre (VSF) production was up 15 per cent at 1.05 lakh tonnes, sales were almost flat at 97,001 tonnes against 97,049 tonnes logged in last year. Net revenue from VSF business was down 4 per cent at Rs.1,203 crore (Rs.1,250 crore)
and the profit before interest and tax dipped 25 per cent at Rs.98 crore (Rs.131
crore). Finance cost was up 49 per cent at Rs.186 crore (Rs.125 crore). Realisation in VSF business slipped 4 per cent due to excess supply in the market
coupled with fall in cotton prices, putting pressure on VSF pricing. The company
expects realisation to remain under stress in the near term as no revival is seen
in cotton and polyester prices. It foresees closure of unviable units and consolidation in China to help stabilising the sector. (Source: Business Line)
Street looks to Britannia for pleasing numbers
After the disappointing numbers from consumer goods majors Hindustan Unilever and ITC for the December quarter, third in the financial year, the Street is
expecting a better show from Britannia Industries. According to BSE the company is to declare the results on Tuesday, Most brokerages and analysts tracking the company have good expectations and have a ‘Buy’ rating for its shares.
They expect sales at Rs 1,980-2,026 crore, growth of 11-13 per cent over a
year before. (Source: Business Standard)
PSU major SAIL to raise capacity of Rourkela Steel Plant: Narendra Singh
Tomar
SAIL has decided to ramp up capacity of Rourkela Steel Plant (RSP) to 10.8
million tonne (mt) by 2025 from the present 4.5 mt. This was stated by steel and
mines minister Narendra Singh Tomar during his maiden visit to the plant on
Sunday. The expansion will be done in two phases, he added. RSP has already
operationalized the new integrated steelmaking facilities under the ongoing
modernization and expansion programme. With commencement of country's
second biggest Blast furnace 'Durga' in August 2013, RSP more than doubled
its hot metal capacity from a level of 2 mt to 4.5 mt. Mr Tomar was accompanied by Chairman SAIL, CS Verma, and joint secretary, steel, Sunil Barthwal
among others. The minister inaugurated the rolling facilities of the new 4300
mm wide state-of-the-art Plate Mill. The new facility is one of the widest plate
mills in the country with latest features enabling it to roll plates of very high
strength. The mill includes advanced features like computerized control system
for Plan View Rolling (PVR) process to maximize yield and high capacity levellers with hydraulic control to produce distortion free plates. The mill has a capacity of 1 mt with provision for expansion. (Source: Economic Times)
BP WEALTH
Morning Wealth
Nifty Top 5 Gainers
Close
HCLTECH
BPCL
LUPIN
Nifty Top 2 Losers
145.4
8.8
90.5
3.2
3.6
169.9
4.4
2.6
748.8
17.1
2.3
1,585.3
25.3
1.6
Close
Pts. Chg
% Chg
BANKBARODA
193.1
-24.9
-11.4
SBIN
308.9
-17.7
-5.4
ICICIBANK
360.7
-20.0
-5.2
PNB
189.6
-9.8
-4.9
3,233.2
-136.3
-4.0
DRREDDY
Int. Indices
S&P 500
Close
Pts. Chg
-26.3
-1.3
17,165.0
-251.9
-1.4
NASDAQ
4,635.2
-48.2
-1.0
FTSE
6,749.4
-61.2
-0.9
DAX
10,694.3
-43.6
-0.4
CAC
4,604.3
-27.1
-0.6
Nikkie
17,674.4
68.2
0.4
Hangseng
24,507.1
-88.8
-0.4
3,391.2
-27.9
-0.8
Straits Times
ADR
Close
HDFC Bank
ICICI Bank
Infosys
TATA Motors
Wipro
56.9
12.0
34.0
49.3
12.8
Pts. Chg
-3.0
-0.7
-0.5
-1.8
-0.2
Centre to pump Rs 1.5 lakh-crore in four new steel plants
The Centre on Sunday said it would pump Rs 1,50,000 crore for building
four steel plants of 20-24 million tonnes combined capacity, in collaboration with
the governments in four states. "We aim for six million tonnes capacity for each,"
Union steel and mines minister Narendra Singh Tomar said in Rourkela, on the
sidelines of an expansion review meeting. Based on investment of Rs 6,000
crore for each million tonne of steel and associated cost for mining, the total investment will be in excess of Rs 1,50,000 crore. "We have decided to form special purpose vehicles (SPVs) for each plant and mining companies. We are already holding discussion with state governments. I had a positive discussion with
the Chhattisgarh and Odisha and shortly we will talk with the Karnataka and
Jharkhand governments," Tomar said. He said the plan for new capacity was to
boost the 'Make in India' focus and take steelmaking capacity to 300 million tonnes by 2025 from 80-odd million tonnes. Steel Authority of India (Sail) will invest
in Chhattisgarh, Rastriya Inspat Nigam Ltd in Odisha, NMDC Ltd in Jharkhand
and Karnataka. SAIL chairman C S Verma said the details of SPVs are yet to be
worked out but for each project, two SPVs will be floated, one for mining and
another for the plants. (Source: Business Standard)
% Chg
1,995.0
DOW
Economic Highlights
% Chg
1,791.7
TATAPOWER
DLF
Pts. Chg
% Chg
-5.0
-5.3
-1.6
-3.6
-1.8
International Highlights
Asian Stocks Decline for Fourth Day on Global Growth Concern
Asian stocks fell for a fourth day after data signaled Chinese manufacturing
shrank last month for the first time in more than two years and the U.S. economy
grew less than forecast. The MSCI Asia Pacific Index retreated 0.3 percent to
139.98 as of 9:01 a.m. in Tokyo, before markets opened in China and Hong
Kong. The measure gained 1.8 percent in January, rebounding from two months
of losses. China’s official purchasing managers’ index showed an unexpected
contraction, data at the weekend showed, boosting prospects Asia’s largest
economy will add to stimulus amid a wave of global monetary easing. The U.S.
economy expanded at a slower pace than forecast in the fourth quarter as cooling business investment, a slump in government outlays and a widening trade
gap took some of the luster off the biggest gain in consumer spending in almost
nine years. The China data “will be stoking hard landing fears that are ever present in market thinking,” said Evan Lucas, Melbourne-based market strategist at
IG Ltd. “The fact new exports are also declining is a big issue on a macro-level. It
illustrates that the lower growth in the global economy is impacting consumption
of Chinese goods.” Japan’s Topix index slid 0.8 percent as the yen gained 0.2
percent to 117.26 per dollar, after strengthening 0.7 percent on Friday. South
Korea’s Kospi index was little changed. Australia’s S&P/ASX 200 Index rose 0.3
percent as energy shares gained. New Zealand’s NZX 50 Index fell 0.1 percent.
(Source:Bloomberg)
Major Bulk Deal (NSE)
Currencies
Dollar Index
Close
Pts. Chg
94.6
0.0
USD/INR
EURO/INR
USD/YEN
61.8
69.9
117.8
0.0
-0.2
-0.1
Scrip Name
0.0
-0.2
-0.1
Commodities
Close
Gold (spot) Rs
27,895.0
476.0
1.7
Silver (spot) Rs
38,105.0
819.0
2.1
Crude (Brent) $
51.5
-1.4
-2.8
Crude Oil (WTI) $
46.8
-1.4
-2.9
Institutional Research
Pts. Chg
% Chg
0.0
Qty
Type
Client Name
Trade Price
NO MAJOR BULK DEALS
% Chg
Scrip Name
Major Bulk Deal (BSE)
Qty
Type
Client Name
Trade Price
NO MAJOR BULK DEALS
BP Equities Pvt. Limited (w ww .bpw ealth.com)
BP Equities reports are also available on Bloomberg [BPEP <GO>]
2-2-2015
2
BP WEALTH
Morning Wealth
EVENTS CALENDAR
Monday
Tuesday
Wednesday
Thursday
Friday
2-February-2015
3-February-2015
4-February-2015
5-February-2015
6-February-2015
Results – RELIGARE,
ASAL, CUMMINSIND,
ABIRAFIN
Results – ACC, BRITAN- Results - CENTURYTEX, Results – GODREJCP,
NIA, HEROMOTOCO, LU- ASIANFILMS, TATATVSELECT
PIN, TVSMOTOR
POWER
Results – TATACHEM,
MINDTECK
Economic Indicators–
HSBC Manufacturing
PMI
Economic Indicators RBI Interest Rate Decision
Economic Indicators–
Economic Indicators—
HSBC India Services PMI
Economic Indicators–
Foreign Reserves, Bank
Loan Growth, Deposit
Growth YoY
US– PERSONAL INCOME AND OUTLAYS,
ISM MFG INDEX
US–
US–
US– EMPLOYMENT
SITUATION
9-February-2015
10-February-2015
11-February-2015
US– INTERNATIONAL
TRADE, JOBLESS
CLAIMS
12-February-2015
13-February-2015
Results – AXISCAP, LT, Results – ABIRLANUVO, Results - BPCL,
NIRLON
BSL, MOTHERSUMI
GODREJIND
Results – JACKSON,
PAGEIND
Results – ADITYA, M&M,
MPHASIS
Economic Indicators–
GDP Growth Rate YoY,
Balance of Trade
Economic Indicators -
Economic Indicators–
Economic Indicators–
Industrial Production
YoY, Inflation Rate YoY,
Manufacturing Production YoY
Economic Indicators–
US–
US–
US–
US– JOBLESS CLAIMS,
RETAIL SALES
US–
16-February-2015
17-February-2015
18-February-2015
19-February-2015
20-February-2015
Results – AXISCADES,
LT, NIRLON
Results – ABIRLANUVO, Results - ESSARSEC,
MOTHERSUMI
GODREJIND, SYNDIBANK
Results – BHEL, GLAXO, Results – EICHERMOT,
MRF, ONGC, TNPL
M&M, MPHASIS, NESTLEIND
Economic Indicators–
Economic Indicators -
Economic Indicators–
Economic Indicators–
US– ALL MARKETS
CLOSED
US–
US– HOUSING STARTS, US– JOBLESS CLAIMS,
PPI-FD, INDUSTRIAL
PHILADELPHIA FED
PRODUCTION, FOMC
SURVEY
MINUTES
Economic Indicators–
US–
Green: Corporate Event, Red: Economic Events, Dark Blue: US Events/ UK Events
(Source: Bloomberg and BSE)
Institutional Research
BP Equities Pvt. Limited (w ww .bpw ealth.com)
BP Equities reports are also available on Bloomberg [BPEP <GO>]
2-2-2015
3
BP
Research Desk
WEALTH
Tel: +91 22 61596406
Institutional Sales Desk
Tel: +91 22 61596403/04/05
Disclaimer Appendix
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be directly or indirectly related to the specific recommendation (s) or view (s) in this report. Analysts aren't registered as research analysts by FINRA and might not be an associated person of the BP Equities Pvt. Ltd. (Institutional Equities).
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