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Friday, June 27, 2014
Thursday, June 26, 2014
Monday, June 23, 2014
Sunday, June 22, 2014
Market slides as crude rises
The key benchmark indices declined last week as crude oil prices rose and as the rupee fell against the dollar, which stoked concerns of fuel price inflation and increase in India's current account deficit and fiscal deficit. The latest data showing increase in inflation based on the wholesale price index in May 2014 also weighed on sentiment. Selling was focused on large-caps, as mid and small-cap indices on BSE ended the week on a positive note.
The S&P BSE Sensex fell 122.66 points or 0.49% to 25,105.51. The 50-unit CNX Nifty fell 30.65 points or 0.41% to 7,511.45.
The S&P BSE Mid-Cap index rose 26.03 points or 0.29% to 8961.96 and the S&P BSE Small-Cap index rose 86.64 points or 0.90% to 9,761.22. Both these indices outperformed the Sensex.
Foreign portfolio investors (FPIs) have bought shares worth a net Rs 14353.90 crore in this month so far (till 18 June 2014). FPIs bought shares worth Rs 14006.15 crore in May 2014. FPIs have bought shares worth a net Rs 60158.30 crore in this calendar year so far (till 18 June 2014). FPIs bought shares worth a net Rs 113135.90 crore in 2013 calendar year.
Key benchmark indices registered small losses on Monday, June 16, 2014. The S&P BSE Sensex shed 37.69 points or 0.15% to settle at 25,190.48. The CNX Nifty shed 8.55 points or 0.11% to settle at 7,533.55.
After moving in a narrow range for most part of the trading session, Indian stocks rallied during the last one and half hour of trade on Tuesday, 17 June 2014, as crude oil prices futures eased in volatile trade and as Reserve Bank of India Governor Raghuram Rajan's comments that India is currently better prepared to deal with any shocks on the external front compared to last year triggered recovery in rupee against the dollar. Gains in Asian and European stocks aided the rally on the domestic bourses. The S&P BSE Sensex garnered 330.71 points or 1.31% to settle at 25,521.71. The CNX Nifty garnered 98.15 points or 1.3% to settle at 7,631.70.
Banking and realty stocks led decline as Indian stocks Wednesday, 18 June 2014, gave away a lion's portion of Tuesday's gains as crude oil prices rose and the rupee fell against the dollar after a flare up of militant violence in Iraq, a key oil exporter. The S&P BSE Sensex lost 274.94 points or 1.08% to settle at 25,246.25. The CNX Nifty shed 73.50 points or 0.96% to settle at 7,558.20.
Key benchmark indices declined in choppy trade on Thursday, 19 June 2014, as macroeconomic worries resurfaced along with increase in crude oil prices. India imports majority of its crude oil requirements. The S&P BSE Sensex shed 44.45 points or 0.18% to settle at 25,201.80. The CNX Nifty shed 17.50 points or 0.23% to settle at 7,540.70.
Key benchmark indices dropped on Friday, June 20, 2014, amid high intraday volatility. The S&P BSE Sensex was down 96.29 points or 0.38% to 25,105.51. The CNX Nifty was down 29.25 points or 0.39% to 7,511.45.
Among the 30 Sensex shares, 17 fell and the remaining shares rose.
Tractor major Mahindra & Mahindra (M&M) was the biggest loser in the Sensex pack last week. The stock fell 7.12% to Rs 1,141.90.
Two-wheeler major Hero MotoCorp fell 2.66% to Rs 2,520. Car major Maruti Suzuki (India) fell 1.60% to Rs 2,365.50.
Motorcycle maker Bajaj Auto rose 0.39% to Rs 2,175.90.
Most banking stocks declined. ICICI Bank (down 2.15%), HDFC Bank (down 1.25%) and State Bank of India (down 0.99%), edged lower. However, Axis Bank rose 2.67%.
Index heavyweight Reliance Industries (RIL) fell 4.08% to Rs 1,037.85. Chairman Mukesh Ambani said at the company's annual shareholders' meeting on Wednesday, 18 June 2014, that RIL is investing over Rs 1.8 lakh crore in its businesses in the current three years' investment cycle.
Ambani said that RIL is making efforts to maximize production from its existing oil and gas fields. With regard to the international oil and gas business, Ambani said that RIL is looking to expand its presence beyond the United States.
Ambani said there will be a phased launch of fourth generation broadband services by Reliance Jio Infocomm in 2015.
Ambani said that RIL is at inflection point in its journey to create value for its stakeholders, based on three-year investment cycle, greater competitive advantage and higher diversity and sustainability of growth and profitability of all its businesses.
Oil upstream company ONGC fell 1.12% to Rs 417.70 on concerns its subsidy burden will rise along with increase in crude oil prices. ONGC shares part of the under-recoveries of state-run oil refining-cum-marketing firms (PSU OMCs) arising from the government-imposed price caps on prices three key fuels -- diesel, LPG for domestic use and kerosene.
ONGC also slipped after media reports suggested that the petroleum ministry has proposed that higher gas price as per the Rangarajan formula could be allowed only for incremental production over and above the current levels. This is an alternative to applying the formula unconditionally from 1 July 2014. Restricting the higher price to additional output, the ministry feels, would incentivise production while also protecting the interests of consuming industries like power and fertilisers, reports said.
Shares of state-run gas transmission and distribution company GAIL (India) was biggest Sensex gainer last week. The stock surged 5.42% to Rs 439.40 on buzz that a foreign brokerage has raised the price target on the stock. The brokerage remains optimistic about the performance of the company's key business segments barring the petrochemicals business, as per reports. According to the brokerage house, with the new reform-oriented government at the helm, the macro outlook is fast improving. GAIL's gas transmission volumes should start to improve, and trading earnings can rebound after the weak Q4 March 2014. The brokerage did not factor any tariff increase by the company, and highlighted that a 15% tariff increase can boost GAIL's target price by a further 10%.
IT stocks gained after the US Federal Reserve on Wednesday, 18 June 2014, gave a positive assessment of the world's largest economy and committed to retaining its accommodative monetary policy. Infosys (up 4.21%), TCS (up 3.24%) and Wipro (up 1.39%), edged higher. US is the biggest outsourcing market for the Indian IT firms.
Increase in crude oil prices has sparked worries about India's macroeconomic situation as India imports majority of its crude oil requirements. Increase in crude oil prices has raised concerns of increase in fuel price inflation and increase in India's current account deficit and fiscal deficit.
Militant violence in Iraq which is a key oil exporter in the world, has sent crude prices higher over the past few days. Brent crude futures for August delivery were down 19 cents at $114.87 a barrel in Asian trade on Friday, 20 June 2014. The contract gained 80 cents to settle at $115.06 a barrel on Thursday, 19 June 2014, the highest close since 6 September 2013.
The annual rate of inflation based on the monthly wholesale price index (WPI) accelerated to 6.01% for the month of May 2014, from 5.2% in April 2014, data released by the government on Monday, 16 June 2014, showed. The WPI inflation for March 2014 was revised upwards to 6%, from 5.7% reported earlier. Non-food manufacturing inflation edged up to 3.8% in May 2014, from 3.4% in April 2014.
Meanwhile, the monsoon has covered half of the country four days behind the usual schedule. Meanwhile, all India seasonal rainfall from 1 to 18 June 2014 was 45% below long period average, the India Meteorological Department said on its website on Thursday, 19 June 2014. The weather office has forecast below average rainfall in 2014 due to fears of El Nino, a weather event marked by the warming of sea surface temperatures in the Pacific Ocean that can lead to droughts in the Asia Pacific region including India.
Markets dip for 2nd week on rise in Crude prices
India’s stock markets ended lower on weak global scenario and profit booking. The S&P BSE Sensex fell 0.49% and Nifty slipped 0.41% for the week ended June 20, 2014
Major Headlines for the week:
Annual report review; Maintain BUY with revised price target
ICRA jumps as Moody's hikes stake
Ricoh India tanks 20% on failure of delisting offer
Indian indices:
Welcome to the ‘Weekly Market Wrap’ for June 20, 2014 where key benchmark indices declined last week as crude oil prices rose and as the rupee fell against the dollar, which stoked concerns of fuel price inflation and increase in India's current account deficit and fiscal deficit. The latest data showing increase in inflation based on the wholesale price index in May 2014 also weighed on sentiment. Selling was focused on large-caps, as mid and small-cap indices on BSE ended the week on a positive note.
The S&P BSE Sensex fell 122.66 points or 0.49% to 25,105.51. The 50-unit CNX Nifty fell 30.65 points or 0.41% to 7,511.45.
The S&P BSE Mid-Cap index rose 26.03 points or 0.29% to 8961.96 and the S&P BSE Small-Cap index rose 86.64 points or 0.90% to 9,761.22. Both these indices outperformed the Sensex.
Major events of the week:
The wholesale price index (WPI)-based inflation rose a five-month high of 6.01% in May against 5.2% in the previous month, driven by costlier protein-based items, fuel and some manufactured products. The data, released officially today, presents a complex picture before the government and the Reserve Bank of India as its consumer price index-counterpart had eased to a three-month low.
Weekly market trend from June 16 – June 20:
June 16- Amid volatile trading session on Monday, markets ended marginally lower as the Wholesale Price Index (WPI) accelerated. The S&P BSE Sensex was lower by 37 points or 0.15% at 25,190 while the CNX Nifty declined 16 points or 0.22 at 7,525.
June 17- Indian shares gained on Tuesday, snapping two days of falls and recovering from a 1-1/2 week low hit in the previous session, helped by gains in upstream oil and gas companies on expectation of margin expansion after a surge in international oil prices. The BSE Sensex rose 1.31% and NSE Nifty gained 1.30% for the day. The Sensex closed at 25521.19, up by 330.71 points, while the Nifty rose 98.15 points to close at 7631.70
June 18- The BSE Sensex and Nifty fell by 1% on Wednesday, heading towards their biggest single-day fall since late January, on concerns about the impact of higher oil prices on inflation and the government's finances. The Sensex closed at 25246.25, declined by 274.94 points, while the Nifty fell 73.50 points to close at 7558.20.
June 19- Indian markets traded weak but recovered marginally from their day's lows on Thursday, after oil and financial shares trimmed losses while gains in IT majors helped improve sentiment. The BSE Sensex slipped 0.18% and NSE Nifty fell 0.23% for the day. The Sensex was down 44.45 points at 25201.80 while Nifty ended at 7540.70, down 17.50 points
June 20- Indian shares fell for the third straight session on Friday, hitting their lowest close in over two weeks as blue-chips slipped on Iraq violence led risk aversion. The BSE Sensex fell 0.38% and NSE Nifty slipped 0.39% for the day. The Sensex was down 96.29 points at 25105.51 while Nifty ended at 7511.45, down 29.25 points
Global indices:
Gainers: Nikkei up 1.67%, Nasdaq up 1.33% and Dow Jones up 1.02%.
Losers: Shanghai Composite down 2.13%, Hang Seng down 0.54% and CAC 40 down 0.04%.
Sectoral and stock screening:
Topmost Gainer: S&P BSE CD up 4.41%, S&P BSE IT up 2.84% and S&P BSE TECk up 2.69%.
Topmost Loser: S&P BSE Oil&Gas down 2.18%, S&P BSE Auto down 2.12%, S&P CG down 1.61%.
Looking at the 'A' group stocks, the top three gainers of the week were – Crisil up 9.61%, Bharat Electronics up 7.75%, MCX up 6.43%.
Top three losers of the week were - Suzlon Energy fell by 16.89%, Oriental Bank of Commerce fell by 13.53% and Shriram Transport Finance down 13.47%.
FII/MF activity
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs184.63 crore as on June 19, 2014 and the domestic investors bought Indian shares worth a net of Rs1031.7 crore as on June 19, 2014.
Market outlook for the coming week!
In the coming week, movement in crude oil prices, the progress and the spread of the monsoon rains, trend in global equity markets and investment activity of foreign institutional investors will dictate near term trend of domestic stocks.
The market may remain volatile next week as traders roll over positions in the futures & options (F&O) segment from the near month June 2014 series to July 2014 series. The near-month June 2014 F&O contract expire on Thursday, 26 June 2014.
Increase in oil prices has triggered macroeconomic worries for India which imports majority of its crude oil requirements. Increase in crude oil prices has raised concerns of increase in fuel price inflation and increase in India's current account deficit and fiscal deficit.
The progress of the monsoon rains holds key amid concerns that poor rains this year will send food prices higher. As per reports, the monsoon has reached half of the country so far. The all India seasonal rainfall from 1 to 18 June 2014 was 45% below long period average.
Stock/sector specific movement may rule the roost in the near term based on earnings expectations and based on expectations from the upcoming final Union Budget for 2014-15 which is the first Budget of the new government at Centre led by BJP. The Q1 June 2014 corporate earnings will begin in mid-July 2014 and continue until mid-August 2014.
Saturday, June 21, 2014
Saturday, June 07, 2014
Wednesday, June 04, 2014
Sunday, June 01, 2014
Honda Siel Power Results
Income (Figures in Rs Cr)
Revenue
Other Income
Total Income
Expenditure
Operating Profit
Interest
PBDT
Depreciation
PBT
Tax
Net Profit
EPS (Rs)
Mar-2014
183.09
1.67
184.76
171.23
13.53
0.00
13.53
4.42
9.11
3.45
5.66
5.58
Dec-2013
151.26
0.66
151.92
136.77
15.15
0.00
15.15
4.48
10.67
3.62
7.05
6.95
Sep-2013
104.35
0.76
105.11
95.06
10.05
0.00
10.05
4.40
5.65
1.88
3.77
3.72
Jun-2013
102.65
1.48
104.13
96.39
7.74
0.00
7.74
4.24
3.50
1.20
2.30
2.27
Mar-2013
143.16
1.53
144.69
133.45
11.24
0.00
11.24
4.24
7.00
2.71
4.29
4.23
Future Retail Results
Income (Figures in Rs Cr)
Revenue
Other Income
Total Income
Expenditure
Operating Profit
Interest
PBDT
Depreciation
PBT
Tax
Net Profit
EPS (Rs)
Mar-2014
2345.09
5.11
2350.20
2104.47
245.73
155.25
90.48
88.08
2.40
0.78
1.62
0.07
Dec-2013
2323.31
38.83
2362.14
2096.38
265.76
149.27
116.49
84.31
32.18
10.44
21.74
0.94
Sep-2013
362.32
4.94
367.26
329.65
37.61
29.86
7.75
23.77
-16.02
-6.16
-9.86
-0.43
Jun-2013
345.74
3.86
349.60
317.20
32.40
22.80
9.60
23.61
-14.01
-4.55
-9.46
-0.41
Mar-2013
940.69
2.12
942.81
841.41
101.40
52.80
48.60
44.89
3.71
1.24
2.47
0.10
Cupid Results
Income (Figures in Rs Cr)
Revenue
Other Income
Total Income
Expenditure
Operating Profit
Interest
PBDT
Depreciation
PBT
Tax
Net Profit
EPS (Rs)
Mar-2014
8.38
0.00
8.38
5.84
2.54
0.11
2.44
0.39
1.99
0.00
1.99
1.79
Dec-2013
3.63
0.00
3.63
3.43
0.20
0.15
0.05
0.37
-0.32
0.00
-0.32
-0.29
Sep-2013
3.92
0.03
3.95
4.07
-0.12
0.16
-0.28
0.37
-0.65
0.00
-0.65
-0.59
Jun-2013
3.66
0.01
3.67
4.20
-0.53
0.06
-0.60
0.37
-0.97
0.00
-0.97
-0.87
Mar-2013
5.69
0.00
5.69
5.83
-0.14
0.09
-0.24
0.36
-1.11
0.00
-1.11
-1.00
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