1st November, Morning Brief

Market will start with a positive note in continuation of yesterday's bull run.

As mentioned yesterday, after shrugging off 10350 resistance for Nifty50, it had inched towards 10500, a next resistance.

A volatile session ended with almost 300 points' gain for the Nifty50 from it's day low backed by strong global cues resulted into a bullish candle.

India's ranking on World Bank's latest Ease of Doing Business leaped by 23 notches to the 77th rank.
Growth of eight infrastructure sectors slowed down to 4.3 % in September, the lowest in the last four months.
US$ appreciated against IN₹ by 27 paise to settle 73.95. These two things may pinch the traders' sentiments.

US markets also cheered the better expectations about margins of social giant, Facebook. Dow closed up with 241 points' gain whereas Nasdaq added 144 points and S&P rose by 1%.

🎯 News & Impact 🎯

Major Results Today :
Hindpetro, HDFC, DLF, Marico.

Results Updates :

🎯 L&T :
Revenue up 21 % at Rs.32,081 crore.
Net profit up 22 % at Rs.2,230 crore.
Margin at 11.7 % versus 11.2 %.

🎯 Tata Motors :
Revenue up 3.3 % at Rs.72,112.1 crore.Ebitda down 16.4 % At Rs.6,757.6 crore.
Net loss at Rs. 1,049 crore versus net profit at Rs. 2,482.8 crore.
Margin at 9.4 % versus 11.5 %.
JLR -
Net revenue down 11 % to £5.6 billion.
Ebitda margin at 9.1 % versus 11.8 %.
Loss at £100 million versus £253 million.

🎯 Vedanta :
Revenue up 5.16 % at Rs.22,705 crore.
Net profit down 34.3 % at Rs.1,343 crore.
Margin at 22.9 % versus 26.3 %.

🎯 Adani Power :
Revenue up 16.6 % at Rs.7,181.5 crore.
Net profit up 22.1 % at Rs.3,86.9 crore.
Margin at 32.4 % versus 34.5 %.

🎯 Canara Bank :
Net interest income up 17.9 % at Rs. 3281.3 crore.
Net profit up 15.1 % at Rs.299.5 crore.
Provisions at Rs 2403.1 crore versus Rs. 2,466.2 crore. (QoQ)
GNPA at 10.56 % versus 11.05 % (QoQ).

🎯 United Spirits :
Revenue up 14.2 % at Rs.2,228.1 crore.
Net profit up 69 % at Rs.258.7 crore.
Margin at 19.4 % versus 16.3 %.

🎯 Adani Enterprises :
Company to be in focus as it reconsiders the mine plan for its Carmichael coal project in Queensland to allow production with a much lower initial capital investment.
Positive for the stock. 👍

🎯 Eicher Motors :
Company reported production loss of 25,000 units of motorcycle in September and October.

🎯 MLL :
ONGC clarified that it has terminated oil rig contract with Mercator on Oct. 10.
Negative for the stock.

🎯 Fortis :
The Competition Commission of India approved acquisition of the company and Fortis Malar Hospital by Northen TK Venture.

🎯 Shriram EPC :
Company bagged order worth Rs.236 crore from Drinking Water and Sanitization Department of Jharkhand Government.

🎯 Lemon Tree Hotels :
Company signs license agreement for 27 room city hotel in Bhutan, will be operational by March, 2019.

🎯 VA Tech Wabag :
Company secured Rs.1,000 crore order for engineering, design and build contract towards the expansion of sewage water treatment plant from the Middle East.

🎯 Aviation stocks :
IOCL raises jet fuel prices by 5.2% compared to last prices.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

31st October, 2018 Morning Brief

A negative to flat opening expected today.

The market has seen consolidation on Tuesday after a day of massive rally on Monday and ended with a fall of around half a percent.

US markets and Asian markets were up firmly with more than a percent.

Nifty50 has to sustain above 10350 decisively to head up towards 10500 level.

🎯 News & Impact 🎯

Major Results Today :
L & T, Tata Motors, Vedanta, Adani Enterprises, Canara Bank, Dabur, Lupin, United Spirits.

Results Updates :

🎯 Tech Mahindra
Revenue up 4 % at Rs.8,630 crore.
Net profit up 18 % at Rs.1,064 crore.
EBIT up 23 % to Rs.1,325 crore.
Margin at 15.3 % versus 13.0 %.
Dollar revenue down 0.5 % at $1218 million.

🎯 Pidilite :
Revenue up 14.9 % at Rs.1,757.4 crore.
Net profit down 8.1 % at Rs.231.6 crore.
Margin at 20.8 % versus 24.6 %.

🎯 IRB :
Revenue up 19.5 % at Rs.1,432.3 crore.
Net profit down 26.3 % at Rs.172.9 crore.

🎯 Torrent Power :
Revenue up 18.4 % at Rs.3,444.5 crore.
Net profit up 29.7 % at Rs.412.2 crore.

🎯 Bank of Baroda :
Net interest income up 20.7 % at Rs. 4,492.5 crore.
Net profit up 19.7 % at Rs.425.4 crore.
Provisions for NPA at Rs.1,466.6 crore versus Rs.1,759.7 crore (QoQ).
GNPA at 11.78 % versus 12.46 % (QoQ).

🎯 Dr. Reddy’s Laboratories :
Company received Form-483 with eight observations by the U.S. FDA at the Vishakapatnam facility.
Cautious on stock.

🎯 Coal India :
Government said it will sell three percent stake in Coal India with an over subscription option of selling additional six percent stake as offer for sale to public.

🎯 Tata Steel :
Thyssenkrupp AG and Tata Steel plans to set up a European steel company with equal shares of ownership.

🎯 Garden Reach Shipbuilders & Engineers :
Company entered into contract with Ministry of Defence for construction and delivery of four survey vessels for Rs. 2,435.2 crore. 

🎯 GMR Infra :
GMR Infrastructure arm acquired 100 % stake in Menzies Aviation Cargo for Rs. 59.8 crore.

🎯 Indiabulls Real Estate :
Company’s wholly-owned subsidiary entered into definitive agreement to acquire a land parcel of 140 acre for development of integrated township and commercial building in Gurugram.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

30th October, 2018 Morning Brief

Flat opening expected today.

As clearly mentioned yesterday about that the market was near it's bottom and thus an expectation about pull-up rally, we have witnessed the 220 points' rally. All round buying pulled the Nifty50 to settle above 10250 mark yesterday.

Fresh worries about US-China trade policy tensions and a sharp drop in the big technology and internet shares corrected the US markets last night.

🎯 News & Impact 🎯

Major Results Today :
Tech Mahindra, IRB, Pidilite, Bob, Torrent power.

Results Updates :

🎯 BPCL :
Revenue up 0.9 % at Rs.72345.8 crore.
Net profit down 46.9 % at Rs.1218.7 crore.
Margins at 3.3 % versus 5.4 %.

🎯 LIC Housing Finance :
Net interest income up 9.2 % at Rs.1059.9 crore.
Net profit up 11.5 % at Rs.573.2 crore.

🎯 Union Bank of India :
Net interest income up 7.4 % at Rs. 2493.1 crore.
Net profit at Rs. 139 crore versus Net loss at Rs.1530.7 crore.
Net NPA at 8.42 % versus 8.70 % (QoQ).
Provisions for NPAs At Rs.1710 Crore versus Rs.1803.2 crore (QoQ).
Positive for the stock. 👍

🎯 Just Dial :
Revenue up 13.6 % at Rs.221 crore.
Net profit up 29 % at Rs.48.4 crore.
Ebitda up 44.9 % at Rs.57.4 crore.
Margin at 26 % versus 20.4 %.
Positive for the stock. 👍

🎯 HDFC AMC :
Revenue up 11.7 % at Rs.480.4 crore.
Net profit up 14.5 % at Rs.205.9 crore.
Margin at 54.6 % versus 55 %.
Positive for the stock. 👍

🎯 Granules India :
Revenue up 48 % at Rs. 580.9 crore.
Net profit up 49.6 % at Rs.60.3 crore.
Margin at 17.3 % versus 19.6 %.
Positive for the stock. 👍

🎯 Cadila Healthcare :
Company acquired 51 % stake in Windlas Healthcare.

🎯 Biocon :
Biocon along with its partner Mylan received a positive CHMP opinion from European Medicines Agency’s Committee for recommending approval of Ogivri. 

🎯 Rane Holdings :
Company approved divestment of 48.97 percent stake in its JV ‘JMA Rane Marketing.’

🎯 HSIL :
Company signed a distribution agreement with Formenti E Giovenzana of Italy for distribution of kitchen and furniture functional hardware fitting products.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

29th October, 2018 Morning Brief

Market will open on a positive note today. Asian stocks edged higher with U.S. stock futures, indicating some respite from the recent global sell-off at the start of the week.

A large bearish candle was formed on the daily chart on Friday. Nifty is near to its bottom as Nifty50 has touched almost 10000 mark and it has support around 9950 - 10000 zone. Anytime we can see a pull-up rally upto 10130-10250 to 10350 levels.

A rout in technology shares deepened Friday, threatening to push the S&P 500 Index into corrective territory along with the Nasdaq Composite Index.

🎯 News & Impact 🎯

Major Results Today :
BPCL, HDFC AMC, Tata Power, Colgate, LIC Hsg Fin

Results Updates :

🎯 ICICI Bank :
NII up 12.4 % at Rs.6,418 crore.
Net Profit of Rs. 909 crore versus Rs. 2,058 crore.
Total Provisions at Rs. 3,994 crore versus Rs. 5,971 Cr (QoQ).GNPA (as percent of gross advances) at 9.30 % versus 9.65 % QoQ.

🎯 Nestlé :
Revenue up 17 % at Rs.2939 crore.
Net profit up 30 % at Rs.446 crore.
Ebitda up 24 % at Rs.724.5 crore.
Margin at 24.7 % versus 23.2 %.

🎯 Divis's Lab :
Revenue up 44 % at Rs.1,285 crore.
Net profit up 92 % at Rs.398 crore.
Ebitda up 85 % at Rs.514 crore.
Margin at 40 % versus 31 %.

🎯 Axis Bank to sell 19.79 lakh shares or 4.95 % equity in NSDL to HDFC Bank for Rs.163.34 crore.

🎯 Cox & Kings :
Company to sell HB Education, wholly owned subsidiary to U.K. based Midlothian Capital Partner for and enterprise value of £467 million, i.e., Rs. 4,380 crore.

🎯 Dr. Lal Path Labs :
Company received NCLT, New Delhi bench’s approval for merger of Delta Ria and Pathology with self.

🎯 Peninsula :
Peninsula Land to acquire 71 % stake in RR Mega City Builders for Rs.5.04 crore.

🎯 Dishmam :
The U.S. FDA completed inspection of Dishmam Carbogen Amcis’s Bavla facility without any major or critical observations.

🎯 Birla Corporation :
Company’s wholly owned subsidiary approved the 1.2 MTPA cement capacity expansion plan. 

🎯 India Cements :
Company to acquire Springway Mining Pvt. Ltd. for Rs 183 crore with an objective of setting up of a cement plant in Madhya Pradesh.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

26th October, 2018 Morning Brief

Market will open on a negative side today.

After a gap-down opening yesterday, Nifty made a new 7 month low but recovered later to settle at 10124.9 on the last day of October month derivative expiry. Nifty has a resistance around 10290-10350 zone.

Another Doji formation on the daily chart but plotting lower lows. Nifty should close above 10550 to regain the bullish momentum though a dip below 10000 mark is not ruled out.

Microsoft's upbeat earnings helped US markets to recover almost previous session's losses.

🎯 News & Impact 🎯

Major Results Today :

ICICI Bank, ITC, UPL, Dr. Reddy’s Lab, BEL, Nestlé.

Major Results Updates :

🎯 Yesbank :
Net Interest Income up 27 % at Rs.2,407 crore.
Net profit down 4 % at Rs. 965 crore.
Provisions up 50 % at Rs.940 crore.
GNPA at 1.60 % versus 1.31% (QoQ).
Positive for the stock. 👍

🎯 Bharti Airtel :
Revenue up 2 % at Rs.20,423 crore.
Net Profit up 22 % at Rs.119 crore.
Margin at 30.6 % versus 33.5 %.

🎯 Biocon (YoY) :
Revenue up 36 % at Rs.1,321 crore.
Net profit up 5.1 times at Rs. 355 crore.
Margin at 25.7 % versus 18.9 %.
Positive for the stock. 👍

🎯 L&T Technologies (YoY) :
Revenue up 40.6 % at Rs.1,226.1 crore.
Profit up 55.7 percent at Rs 191 crore.
Ebitda Margin at 18.1 %.

🎯 RBI clarified that Ujjivan Financial and Equitas Holdings must list small finance bank separately.

🎯 Essar Steel :
Ruia family offered to pay all creditors to retain ownership of Essar Steel.

🎯 Kridhan Infra :
Kridhan Infra arm received construction order worth Rs.167 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

25 October, 2018 Morning Brief

Negative opening expected today amid  weak global cues.

A volatile session ended with a positive note yesterday. Nifty50 has made a hammer pattern on the daily chart.

The disappointing forecasts from tech companies and weak home sales data fueled jitters about economic and profit growth in US markets which lead to a heavy correction in a day which wiped out yearly gains. Along with the worries about rising borrowing costs made Asian markets nervous.

🎯 News & Impact 🎯

Major Results Today :

Maruti, Yes Bank, Bharti Airtel, JSW Steel, BHEL, Biocon.

Results Updates :

🎯 Wipro :
Revenue up 2.4 % at Rs.14568 crore.
Net profit down 9.9 % at Rs.1886 crore.

🎯 IndiGo :
Revenue up 17 % at Rs.6185 crore.
Net loss of Rs. 652 crore versus Net profit of Rs.552 crore.

🎯 Bharti Infratel :
Profit falls to Rs.599.8 crore versus Rs. 638 crore;
Revenue slips to Rs. 3,668.3 crore versus Rs.3,673.5 crore QoQ.

🎯 Ibrealest :
Profit jumps to Rs.75.92 crore versus Rs. 61.64 crore;
Revenue surges to Rs.1,040.42 crore versus Rs. 470.77 crore YoY.

🎯 IDFC Bank :
Loss Rs 369.7 crore versus profit at Rs. 233.66 crore;
Net interest income falls to Rs.451.2 crore versus Rs. 461.88 crore YoY.

🎯 L&T Infotech :
Profit jumps to Rs.400.1 crore versus Rs. 272.6 crore;
Revenue increases to Rs.2,331.2 crore versus Rs. 2,155.7 crore QoQ.

🎯 IL&FS :
Company has failed to pay interest on non-convertible debentures.
Negative for the stock.

🎯 KPIT Tech :
Company will be tech partner for BMW’s autonomous driving project.

🎯 Dynemic Products :
Company stopped work at Ankleshwar unit after receiving notice from Gujarat Pollution Control Board.

🎯 Schaeffler India :
Company successfully completed its merger of INA Bearings India Pvt. Ltd. and LuK India Pvt. Ltd. Combined entity will rake in revenue of over Rs.4,100 crore.

🎯 Tata Chemicals :
Company signed an MOU with CSIR-Central Electrochemical Research Institute, Karaikudi to scale up manufacturing of cathode materials for Lithium-ion cells.

🎯 Kilitch Drugs (India) :
Company set to boost its expansion plans in Africa with its first manufacturing plant in Addis Ababa, the capital city of Ethopia.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

24th October, 2018 Morning Brief

A gap-up start can be seen in the market today. A strong Rupee opening can support the start.

A Doji candle formed on the daily chart for Nifty50 on yesterday.

Global concerns and rupee volatility dragged the market near seven-month low on yesterday. After a sharp gap down opening the Nifty50 traded lower throughout the session and closed near its starting point of the day. INR slipped from day high of 73.83 to 73.57 against the dollar and crude oil prices also eased which made last hour recovery in the market. Meanwhile, emerging markets' guru Mark Mobius urged the Indian government to accelerate reforms and ease rules for exports to take advantage of the ongoing trade war globally. He said India has a potential to attract overseas investment and it can take advantage of the weak rupee.

US stocks fell on Tuesday after worries about the earnings outlook, profit growth, concerns over the upcoming US mid-term elections and Italy’s budget.

🎯 News & Impact 🎯

Watch on Housing Finance stocks, Banking stocks. Cabinet meeting will be held today to discuss on housing for all ahead of election

Major Results Today :

Bajaj Auto, Bharti Infratel, Kotak Mahindra Bank, Wipro.

Results Updates :

🎯 HCL Tech :
Dollar revenue up 2.1 % at $2,099 million.
Profit up 5.7 % at Rs.2,540 crore.
EBIT up 8.7 % at Rs.2,966 crore.
EBIT margin at 19.8 % versus 19.7 %.
Positive for the stock. 👍

🎯 Bajaj Finserv :
Revenue up 17 % to Rs.9,698 crore.
Revenue from insurance business up 9.2 % to Rs.4633 crore.
Net profit up 1 % to Rs.704 crore versus Rs. 698 crore.

🎯 Adani Ports :
Revenue down 4 percent to Rs.2,608 crore.
Net profit down 39 % to Rs.606 crore.

🎯 Rallis :
Revenue up 11.8 % at Rs.613.2 crore.
Net profit up 6.1 % at Rs 87 crore.

🎯 HDFC Standard Life :
Net premium income up 26 % to Rs.6,778 crore.
Net profit up 20 % to Rs.287 crore.

🎯 ICICI Prudential :
Net premium income up 16 % to Rs.7601 crore.
Net profit down 29 % to Rs.301 crore.

🎯 Ambuja Cement :
Revenue up 12.6 % at Rs.2,613.9 crore.
Net profit down 34.4 % at Rs.178.6 crore.
Ebitda up 1.1 % at Rs.358.1 crore.
Margin at 13.7 % versus 15.3 %.

🎯 MCX :
Profit jumps 23.2 % to Rs.35.9 crore versus Rs.29.1 crore;
Revenue rises 5.6 % to Rs 71.1 crore versus Rs 67.3 crore YoY.

🎯 Bharti Airtel :
Company to raise $1.25 billion by diluting stake in African unit.

🎯 Sun Pharma :
Company launched psoriasis treatment drug Ilumya in the U.S.

🎯 DCM Shriram :
Company started commercial production at additional 168 TPD chlor-alkali line at Rajasthan unit.

🎯 Laurus Labs :
Company transferred ownership of its U.S. FDA approved Tenofovir Disoproxil Fumarate (TDF) ANDA to CASI Pharmaceuticals.

🎯 Salzer Electronics :
Company withdrew proposal to acquire two overseas companies.

🎯 VA Tech Wabug :
secures order in Qatar worth Rs.555 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

23rd October, Morning Brief

Market will open with a gap down to follow Asian markets which are down more than a percent amid global growth concern.

India is the second-most underinsured country in the world with an insurance gap of $27 billion (approximately Rs 1.98 lakh crore). Traders will may react negatively to the crude oil import bill for India is expected to increase by $37 billion to $125 billion during the current financial year (2018-19, or FY19) - a 42% spike over the 2017-18 (FY18) bill of $88 billion.

Monday's price action is clearly favouring the bears as bulls were succumbed with two attempts by the bulls during the course of the day.  Nifty dipped below it's crucial level of of 10210 but managed to close at 10245.25. Nifty has made a bearish engulfing look like pattern or bearish belt hold pattern yesterday. It will be interesting whether Nifty can recover opening losses or not in the rest of the day. Oil prices slipped below US$ 70 is a hope in the market.

🎯 News & Impact 🎯

Major Results Today :
Adani Ports, Bajaj Finserv, Bajaj Finance, HCL Tech, Ambuja.

Result Updates :
🎯 Asian Paints :
Revenue up 8.8 % at Rs.4639 crore.
Ebitda down 2.1 % at Rs.784 crore.
Margins contracted by 1.9%

🎯 CanFinHomes :
NII up 2 % at Rs.130.4 crore.
Net Profit up 7.5 % at Rs 76.8 crore.
Fee and Commission income fell 25.4 %.

🎯 ITD Cementation :
Company bagged multiple orders worth over Rs 1066 crore.

🎯 Lakshmi Machine Works :
Company said it will buy back 2.66 lakh shares at Rs 6,000 each at a discount of 2.2 percent to CMP.

🎯 Orient Press :
Company received order from the Maharashtra Pollution Control Board directing the company to stop all manufacturing activity at its Tarapur plant within 72 hours. 
Negative for the stock.

🎯 HFCL :
Company received Rs.366.36 crore advance purchase order from BSNL.

🎯 Everest Organics :
Company has received closure orders of factory situated at Sadasivapet.

🎯 Bharti Airtel :
launches Google Assistant based digital customer care.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

22nd Oct 2018 Morning Brief

A gap-up opening expected after Friday's sell-off in the market.

Liquidity crisis concerns over NBFCs, H1-B visa issue and weak global cues weighed on the market on Friday. Last hour recovery pulled the Nifty to settle above 10300 mark after hitting day low at 10249.6.

Nifty50 has plotted a spinning top kind of pattern on the daily chart. 10210 would be a strong support in coming week and 10350 & 10500 are the resistance levels.

🎯 News & Impact 🎯

🎯 Major Results Today :
Asian Paints, CanFinHomes

Results Updates :
🎯 HDFC Bank :
Profit grows 20.6 % to Rs.5,005.73 crore versus Rs.4,151 crore; net interest income increases 20.6 % to Rs.11,763.41 crore YoY. Gross NPA flat at 1.33 % QoQ.
Positive for the stock. 👍

🎯 ICICI Lombard :
Net profit was up 43.7% at Rs.293.1 crore against Rs. 204 crore.

🎯 Lupin :
Committee for Medicinal Products for Human Use (CHMP), the scientific committee of the European Medicines Agency (EMA), has adopted a positive opinion recommending the marketing authorization of NaMuscla™ (mexiletine hydrochloride).
Positive for the stock. 👍

🎯 RPower :
Sasan Power, 100 percent subsidiary of Reliance Power bagged an arbitration award against North American Coal Corporation (NACC).

🎯 Puravankara :
Company completed acquisition of Mumbai land from Foods & Inns worth Rs.147.5 crore. 

🎯 Concor :
Company signed agreement with Kribhco Infrastructure.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

18 October 2018 Morning Brief

A gap down opening can be seen in the market today on weak global cues.

Market took a nose dive in the last session on the liquidity concern of financial companies.

Nifty has made a bearish engulfing pattern on the daily chart in the last session. 10320-10300 could be a support zone for Nifty50 today.

🎯 News & Impact 🎯

Result Today :
UltraTech Cement

Results Updates :
🎯 Reliance :
Profit rises 0.6 % to Rs.9,516 crore versus Rs. 9,459 crore.
Revenue increases 11.3 % to Rs.1.43 lakh crore versus Rs. 1.29 lakh crore.
GRM at $9.50 a barrel versus $10.50 a barrel QoQ.

🎯 ACC :
Consolidated net profit rises 15.2 % to Rs. 209.1 crore versus Rs.181.5 crore. Revenue increases 10.2 % to Rs.3,433.2 crore versus Rs. 3,116.5 crore YoY.

🎯 Hathway Cable / Den Networks
Reliance Industries to acquire 51.3 % stake in Hathway Cable for Rs.2,940 crore and 66 % stake in Den Networks for Rs. 2,290.
Positive for the stocks. 👍

🎯 Cadila Healthcare :
Zydus receives tentative approval from the U.S. FDA for Colchicine Tablets.
Positive for the stock. 👍

🎯 Jet Airways :
Tata Sons Ltd., the parent of Tata Group, is mulling acquiring stake in crisis-hit Jet Airways (India) Ltd.
Positive for the stock. 👍

🎯 Yes Bank :
Bank received a reaffirmation order from RBI a successor to Rana Kapoor.
Negative for the stock.

🎯 NTPC :
Company is said to plan buying stressed power assets.

🎯 Fortis Healthcare And Religare Enterprises : 
SEBI directs Malvinder, Shivinder Singh, Religare Finvest Ltd. and seven others to repay Rs.403 crore to Fortis Healthcare Ltd. in three months. 

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

17 October 2018 Morning Brief

A gap-up opening expected in the market today helped by strong US cues along with optimism on positive earnings, rising rupee and falling oil prices.

Key Indian benchmarks extended northward journey for the third straight session and ended the day in a green territory to make a bullish candle on the daily chart.

India attracted $22 billion of foreign direct investment (FDI) flows, contributing to the subregion’s 13% rise in FDI in the first half of 2018 (H1 2018). India's trade deficit declined to $13.98 billion in September from $17.39 billion in August.

As Nifty50 able to close above 10550, it has a resistance around 10820-10850 zone. 10410 is an immediate support to hold the upside momentum.

🎯 News & Impact 🎯

Result Today : Reliance, ACC

Result Updates :

🎯 Infosys :
$ Revenue up 3.2 percent at $2,921million.
Revenue up 7.7 percent at Rs 20,609 crore.
Net profit up 13.8 percent at Rs 4,110 crore.
EBIT up 7.9 percent at Rs 4,894 crore.
Margin flat at 23.7 %.

🎯 Hero MotoCorp :
Revenue up 8.6 % at Rs.9,091 crore.
Net profit down 3.4 % at Rs.976.3 crore.

🎯 Cox & Kings :
Cox & Kings promoter acquired 31,800 shares on Oct. 12.

🎯 Future Retail :
Amazon in talks to acquire just under 10 percent stake in Future Retail.

🎯 Cochin Shipyard :
Buy back of 44 lakh shares with a record date of 31st Oct.

🎯 IIFL Holding :
Company's wealth management arm acquired Chennai-based ‘Wealth Advisors India’ for Rs.253.6 crore. 

🎯 Lemon Tree Hotels :
Company signed a license property for 70 room property in Mumbai.

🎯 NHPC :
Baira Siul Power Station (180MW) in Himachal Pradesh said it was going for a complete shutdown for six months from Oct. 15.

🎯 NBCC :
Company signed a MoU with Ministry of External Affairs to construct convention center in West Africa’s Niger.

🎯 Aban :
Company acquired 100 % interest in UK Continental Shelf Production License and sold 50 percent interest in the same.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

16 October 2018,

Market will with a positive note.

15th October 2018 Morning Brief

Market will open on a positive note today.

Nifty has formed a bullish candle on the daily chart on Friday as bulls got full control over the session.

A slightly higher inflation rate (3.77 vs 3.69) and slower rate of industrial output for August month (4.3 vs 6.52) will keep indices under pressure today. But stock specific results may cherish the market on later part.

Nifty has resistance around 10550 from where it may re-test 10420 level in the day session. Major supper would be at 10190 for the this week.

🎯 News & Impact 🎯

Result Today : Indusind Bank

Results Update :

🎯 Hindunilvr :
Profit jumps 19.5 % to Rs.1,525 crore; revenue rises 11.1 % to Rs.9,234 crore (YoY).
Positive for the stock. 👍

🎯 AU Bank :
Profit rises 34 percent to Rs 91 crore; net interest income increases 46 percent to Rs 321 crore (YoY).
Positive for the stock. 👍

🎯 Dmart :
Profit rises to Rs.225.74 crore versus Rs. 191.04 crore; revenue jumps to Rs. 4,872.5 crore versus Rs. 3,506.92 crore (YoY).

🎯 Indian Oil Corporation :
Chairman Sanjiv Singh said that the company will not stop its aviation turbine fuel supply to Air India. 
Positive for the stock. 👍

🎯 Infy :
Company completed acquisition of Fluido, the largest salesforce consulting partner in Nordics.

🎯 8K Miles Software Services :
Company said that 25.7 lakh shares, representing 8.42 % of total equity holding held by promoter Suresh Venkatachari in his demat accounts held with Quantum Global Securities Ltd. and Kumar Share Brokers Limited, had been wrongfully and illegally transferred through off-market transactions on various dates to various parties without his knowledge/consent.
Stay cautious.

🎯 Bandhan Bank :
Bank got the SEBI’s exemption on one-year lock-in in equity shares held by promoter shares post the IPO. 
Negative for the stock.

🎯 Info Edge :
Company said that its stake in Zomato reduced to 27.68 % from 30.91 %.

🎯 Saregama India :
Company set up its arm in UAE to start business of distribution of music players and pre-recorded songs player ‘Carvaan’ and dealing with related music and films right in Gulf countries and other geographies.

🎯 United Breweries :
Company forayed into a new line business of non-alcoholic beverages segment with launch of ‘Kingfisher Radler’.

🎯 Adani :
French energy giant Total is in talks to buy up to half of Adani Group's stake in LNG projects in Gujarat and Odisha. 

🎯 Natco Pharma :
US Court affirms Teva's Copaxone patent as invalid.

🎯 Nitesh Estates :
Company entered into an agreement to sell 100 percent stake in step down tier II subsidiary - Nitesh Pune Mall Pvt. Ltd. It has signed agreement with ABIL group of Pune (Ela Realty, a SPV of ABIL).

🎯 PVR :
Company opened 10 screens multiplex at PVR ICON, VR Chennai, Tamil Nadu.

🎯 Dr Reddy :
Company announces the sale of its API manufacturing business unit in Jeedimetla, Hyderabad.

🎯 Cyient :
Company launched, its Geospatial Data Exploitation Solutions at Intergeo 2018

🎯 Mirza International :
Company incorporates wholly owned subsidiary in Bangladesh.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

12th October 2018 Morning Brief

Market will open positively today. After yesterday's havoc in the beginning, market recovered from early low and Nifty sustained above it's positive trendline for a medium trend which was at 10210. Nifty should close above 10250 to keep the trend intact.
Today, marketmen will be eyeing the macro economic data of industrial production and consumer price inflation to be released after the market hours.

🎯 News & Impact 🎯

Result Today : HUL

Result Updates :
🎯 TCS :
Net profit rises 7.6 % to Rs.7,901 crore versus Rs.7,340 crore, rupee revenue increased 7.6 % to Rs 36,854 crore versus Rs 34,261 crore; dollar revenue up 3.2 percent to $5,215 million versus $5,051 million (QoQ).

🎯 Sundaram Clayton :
Company inaugurated its new foundry in Chennai with an investment of Rs.150 crore to significantly expand its capacity.

🎯 Castrol India :
Company entered into a strategic agreement with Mahindra & Mahindra for it's products.

🎯 OnMobile Global :
Company acquired 100 percent stake in Sweden based ‘Appland AB’ for $15 million.

🎯 Corporation Bank :
Government of India increased stake in Corporation Bank from 79.87 % to 86.77 %.

🎯 Sambhav Media :
Company commenced FM radio channel under the brand name "Top FM" at Godhra (93.1).

🎯 Wipro :
Company launches innovation and talent hub in Reading, UK.

🎯 Bharat Forge :
inaugurates 'Industry 4.0 Centre of Excellence' in partnership with PTC.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

11th October 2018 Morning Brief

Massive gap down opening expected today after a relief rally and short covering in beaten stocks yesterday.

As mentioned yesterday, Nifty has resistance at around 10500 and it didn't cross the level in yesterday's northward journey. Immediate support of 10190 can be tested today because of weakness in global cues. Nifty should close above 10400 to keep short term uptrend intact formed by last three sessions' higher lows. A breach of 10190 level in Nifty50 can trigger a panic selling into Indian markets.

The US markets declined on Wednesday as investors worried that sharply rising interest rates would constrain the nation’s historic economic expansion and fresh concern about the impact of the trade war with China. Asian markets were trading in red on Thursday after Wall Street suffered its worst fall in eight months.

🎯 News & Impact 🎯

Result Today : TCS

Results Update :

🎯 Zee Entertainment :
Revenues up 24 percent at Rs 1,976 crore versus Rs 1,582 crore.
Net profit down 38 percent at Rs 386 crore versus Rs 625 crore.

🎯 IndiGo / Jet Airways / Spicejet :
The government has announced to cut excise duty on aviation turbine fuel (ATF) from 14 to 11 percent effective October 11.

🎯 PTC India :
Company signed a fresh pact for supplying 200 MW power to Bangladesh for 15 years.

🎯 ITI :
Company received purchase order worth Rs 334 crore for executing RajNet Project from Rajasthan government to setup 40,000 outdoor Wi-Fi access points.

🎯 Dilip Buildcon :
Company has been declared L1 bidder for EPC project worth Rs 1,000 crore by Mahanadi Coalfield for removal of over-burden mining project in Odisha.

🎯 GE Power India :
Company to close its factory at Shahabad with effect from Oct. 11.

🎯 Oil India :
Company made two hydrocarbon discoveries in Assam in the second quarter of this financial year.

🎯 M&M introduced new lease offers for retail buyers. The lease offering includes road tax, insurance, breakdown assistance, accidental repairs and maintenance costs and will be available for retail customers across Pune, Ahmedabad, Bangalore, Hyderabad, Mumbai and New Delhi in the first phase of launch.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

10th October 2018 Morning Brief

A flat-positive opening expected today.

Nifty has made a bearish engulfing look a like pattern on the daily chart yesterday. Nifty50 may consolidate in the wide range between 10190 and 10500 and may try to gain a stability before any either side movement. 10190 & 10500 can be considered as an immediate support and resistance levels for the index.

🎯 News & Impact 🎯

Result Today : Zee Entertain, Bandhan Bank.

Listing Today : Garden Reach Shipbuilders & Engineers

🎯 Indiabulls Housing Finance :
Company increased effective lending rates for builder loans by 100 basis points.

🎯 Dr Reddy :
Company launched Colesevelam HCI tablets, a therapeutic equivalent generic version of Welchol (colesevelam HCI) tablets in the United States.

🎯 NTPC / Bharat Forge :
Companies decided to close down the JV BF-NTPC as no activity commenced.

🎯 Jindal Worldwide :
1 Nov. as a record date for stock split.

🎯 Voltas :
Company launched Amazon Alexa compatible air conditioners.

🎯 Mastek :
IDFC MF holds more than 5% stake in the company.

🎯 Graphite India :
Company decided to halt operations in its Bengaluru graphite electrode plant by halting the furnaces in a sequential manner by October end, during the ongoing revamp work for the replacement of roof sheets.

🎯 Healthcare Global Enterprises :
Company's associate arm has signed an agreement to acquire Indian medical diagnostics business of Quess Diagnostics.

🎯 Glenmark Pharma :
Company executed pact to transfer the company’s API business to its wholly owned subsidiary Glenmark Life Sciences.

🎯 NALCO :
Company to consider share buyback on Oct. 12.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

9th October 2018 Morning Brief

Market will open on a positive note though volatility is not ruled out.

🎯 News & Impact 🎯

🎯 Usha Martin :
Company union raised concerns about irregular payment of salaries and has sought government intervention for sale of the company's wire rope manufacturing facility in Jharkhand to Tata Steel.

🎯 Britannia Industries :
Company announced it will give one free debenture worth Rs.30 in face value for one fully paid-up equity share.

🎯 NCL Industries :
September Quarter Updates: Cement dispatches were up by 31 percent at 4.88 lakh MT versus 3.72 lakh MT

🎯 Coal India / NLC
Coal India and NLC India signed an MoU for formation of joint venture for solar power generation of 3,000 MW and thermal projects of 2,000 MW capacity.

🎯 Sadbhav Infra Project arm won an arbitration award against NHAI for Rs 110.5 crore.

🎯 JMC Projects :
Company secures orders worth Rs.514 crore.

🎯 NBCC :
Company executed an MoU with Rajasthan government for redevelopment of old MREC campus in Jaipur for Rs 250 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

8th October 2018 Morning Brief

Market may open on a weak note. Brent Crude fell to $84/bbl, declined 2% after Saudi hiked oil production and expectation of US Government may relax oil import of few countries from Iran despite sanction. It may positive for our market. US and China meeting will be held today of recent trade war issue.
Q2 results session will start from today which may add some stock specific volatility for the month.

10,300 is a decent support from where it recoiled in Friday's session after hitting an intraday low of 10,261 levels. If this level is breached then the next target on downside shall be towards 9,950 

🎯 News & Impact 🎯

Result Today : Tata Elexi

New Listing : Avas Financiers

🎯 NBCC :
Company has secured the total business of Rs.353.70 crore in September.

🎯 HFCL :
Company has received an advance purchase order worth Rs 879 crore approximately from Telecommunications Consultants India Limited.

🎯 Gravita India :
Company grabs orders worth Rs 300 crore.

🎯 Texmaco :
Company and Russian firm RZD International signed a memorandum of understanding for working in collaboration for mutually identified various domestic and international projects.

🎯 Sobha :
Sales volume is up by 7 percent as compared to preceding quarter & up by 19 percent YoY. 

🎯 MEP Infra :
Subsidiary MEP SANJOSE Talaja Mahuva Road Private Limited has achieved the Milestone One for the project of four laning of Talaja- Mahuva Section of NH-8E in Gujarat on Hybrid Annuity mode under NHDP Phase IV.

🎯 Sagar Cements :
Company's production rose 43 percent to 2,18,519 MT, while sales rose 41 percent to 2,12,048 MT.

🎯 Goa Carbon :
Company’s production fell 9 percent to 16271.7 MT, while sales down 36 percent to 14454.7 MT.

🎯 JSW Energy :
CARE revised the company's ratings on the long term Bank facilities and non-convertible debentures from 'AA-/Negative' to 'AA-/Stable'. 

🎯 Escorts :
ICRA reaffirmed and assigned the long-term rating to AA- and short-term rating to A1+.

🎯 GE Shipping :
CARE revised its rating on company's non-convertible debentures of Rs 3,450 crore to AA+/Stable from AAA/Negative.

🎯 Gulf Oil :
ICRA reaffirmed its long-term rating of AA and the short-term rating of A1+.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

5 Oct 2018 Morning Brief

Another gap-down opening expected on the Dalal Street. Market may trade cautiously ahead of RBI policy which will be announced in the later half of the day.

SGX Nifty is trading down by 50 points in the morning trade.

US markets slipped as US treasury yields continued to rise.

RBI policy has an important role to play this time in addition to act just for inflation and interest rates but to take action to control falling Rupee and to work of fear of liquidity crisis of financial institutions. A 25 basis point rate hike was already priced in whereas 0.50 % rate hike will not be a surprise in today's situations. But definitely it will impact on the market.

It will be interesting to see whether Nifty50 is taking support at 10550 level or not on a closing basis.

🎯 News & Impact 🎯

🎯 IOC, BPCL, Hind Petro :

OMCs will be under pressure because of Govt. 's decision to bear a rupee per litre in petrol and diesel. 

🎯 Cadilla Healthcare: 

Company's biologics managing facility at Ahmedabad received an establishment inspection report from the U.S. FDA. The audit was completed with zero form 483 observations.

🎯 Lupin :

Company launched generic potassium chloride oral solutions, after the company received an approval from the U.S.FDA earlier.

🎯 Dixon Technologies :

Company commenced manufacturing of Mi LED TVs for Xiaomi. The manufacturing will take place in Andhra Pradesh facility of the company.

🎯 Dilip Buildcon :

Company received a letter of acceptance for an EPC project for a dam in Rajasthan for Rs 601 crore. The order was given by the Water Resource Department of Kota.

🎯 TVS Motor : 

Company launched TVS Jupiter Grande scooter for the festive season.

🎯 Jai Prakash Power said ICICI Bank has filed an application initiating corporate insolvency process against the company.

🎯 Jet Airways: ICRA downgraded long term rating to ‘B’ from ‘BB’. 

🎯 LIC made an open offer for 26 percent stake in IDBI Bank at Rs 61.73 per share.

🎯 Jet Airways gets Rs 258 Crore from JetPrivilege for advance ticket sale, according to a PTI report.

4 Oct 2018 Morning Brief

A gap down opening expected because of nervous sentiment due to a life time lowest valuation of IN₹ versus US$ and rising crude oil prices. Also it will follow the weakness of other Asian markets. Investors will be eyeing Services PMI data for the month of September to be out later in the day and an RBI policy outcome later on this week.

Late hour sell-off mainly dragged the Indian markets lower to settle near intra-day low level on Wednesday with Italy crisis. Nifty has spotted a bearish piercing look a like candle on the daily chart.

Nifty has a very strong support at 10750-10780 level on a closing basis.

🎯 News & Impact 🎯

🎯 ONGC :
Company awarded contract worth $1.69 billion to Baker Hughes, McDermott International and L&T’s unit – L&T Hydrocarbon. 
Positive for the stock. 👍

🎯 AU Small Finance Bank :
CRISIL has upgraded rating of the company to AA-/Stable from A+/Positive.

🎯 GE T&D :
Company has completed the acquisition of Alstom's minority ownership of the three joint ventures (JVs) that were established at closing of the acquisition of Alstom's Power and Grid assets in November 2015.

🎯 L&T :
The company will buyback around 6.1 crore shares, representing 4.35 % of the paid-up equity capital at a price of Rs. 1,475 each.

🎯 Federal Bank :
Bank was fined Rs.5 crore by the RBI for non-compliance with certain norms. 

🎯 IL&FS Transportation Networks :
Company defaulted in the payment of interest worth Rs 20.8 crore due on three non-convertible debentures due to insufficient funds.

🎯 Aditya Birla Capital :
Company arm received a seven-year long-term loan worth Rs 7,000 crore from the World Bank.

🎯 TVS Motor :
Company invested additional Rs.30 crore in its subsidiary company TVS Credit Services.

🎯 GATI :
Company clarified on reports of sale of Kintetsu joint venture stake for Rs 2,000 crore.

🎯 GMR Infra :
Moody’s downgraded GMR Infra- run Hyderabad International airport.

🎯

3rd October 2018 Morning Brief

Market may continue a buoyant start as SGX Nifty is trading up by 53 points today in the morning.

A weak Indian rupee may dent Indian market in the day trade.

Nifty has closed above 11000 mark and plotted a bullish candle on the daily chart after making low of 10821. Another positive closing will be considered as a breach of short term negative trend.

🎯 News & Impact 🎯

🎯 Tata Motors :
Domestic 'sales for September 2018, grew by 20%, at 64,598 units compared to 53,964 units over the previous year.

🎯 Hero Motocorp :
Sales up 7 percent at 7.69 lakh units in September.

🎯 Eicher Motors :
Commercial vehicle sales in September 2018 up at 6,663 units versus 6,083 units in September 2017;
Royal Enfield sales up 2 percent at 71,662 units versus 70,431 units (YoY).

🎯 TVS Motor :
September sales up at 4.24 lakh units versus 3.59 lakh units (YoY).

🎯 Govt. plans for 100 % FDI in insurance broking.

🎯 Vedanta :
Company plans to spend Rs 4,000 crore in exploration.
Positive for the stock. 👍

🎯 MOIL :
Company revised manganese ore prices with effect from Oct. 
Positive for the stock. 👍

🎯 IRB :
CRISIL initiates credit rating of the company with positive outlook.
Positive for the stock. 👍

🎯 Coal India :
Provisional production of April-September 2018 at 256.47 million tonne versus 231.88 million tonne YoY (up 10.6 percent).

🎯 Dr Reddy :
The company sold Cloderm (clocortolone pivalate) cream, 0.1% Franchise to EPI Health, LLC.

🎯 Future Enterprises :
Company to acquire majority stake in Mumbai-based Digital payment startup Livquik for Rs.20 crore.

🎯 Mphasis :
Board approved share buyback at Rs.
1,350 per share.

🎯 HCL Tech :
Completed acquisition of Hönigsberg & Düvel Datentechnik GmbH
Signed a five-year managed services deal with TransGrid.

🎯 Infosys :
Company entered into a three-year collaboration with Cornell University to reshape the workforce driving digital transformation by advancing employee education and research.

🎯 Trigyn Technologies :
Trigyn Technologies, Inc Joins SAP PartnerEdge Program to deliver solutions throughout the US; Also US subsidiary has received a contract to provide general, professional and information technology staff augmentation services for the New York City Housing Authority (NYCHA).

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers