Intraday Equity Tips and Market News

Equity tips:- The board of directors of Bharat Electronics Ltd (BEL), in their meeting held on January 30, 2018, approved the proposal to buy-back the equity shares of the company. The buy-back would be of ~2.04cr equity shares (representing 0.83% of total equity shares) at a price of Rs182.50 per share (~7% premium to the last closing price) payable in cash.   The buy-back size amounts to Rs372.26cr, representing 5% of the aggregate of the fully paid-up equity share capital and free reserves of the company.    The promoter of the company also intends to participate in the proposed buyback. The buyback is subject to approval from the shareholders and all other applicable statutes. The board has fixed February 9, 2018 as the record date for the buy-back.   The board of directors also declared an interim dividend of Rs1.6 per equity share for the FY18.   The stock closed at a price of Rs177.25, up by 0.91% or Rs1.6, on January 30, 20...

Equity tips:- SGX Nifty   indicating a marginally negative opening for the Indian markets. Markets are expected to be volatile ahead of the Union budget 2018 on Thursday and the Federal Reserve’s monetary announcement scheduled for tomorrow. Bharat Electronics, Bharat Financial, Engineers India, Godrej Consumer, IOC, Jain Irrigation and TVS are some of the major companies set to announce their Q3 results today. Global markets Major Asian markets are trading in the red, at present Nikkei is down 0.62%, Hang Seng is down 0.15%, while Shanghai Composite is trading  0.38% lower. US Markets: The major averages witnessed a pullback in yesterday’s session after closing at record highs on Friday. The Dow slid 0.7% to 26,439.48, the Nasdaq fell 0.5% to 7,466.52 and the S&P 500 dropped 0.7% to 2,852.53. Profit taking contributed to the weakness on Wall Street, ahead of the Federal Reserve’s monetary policy announcement on Wednesday and t...

Equity tips:- SGX Nifty   indicating a positive opening for the Indian markets. Markets are expected to continue the positive momentum; traders will also keenly await the economic survey report, which will be presented by the finance minister today at 1 pm. HDFC, IDFC, RCOM, Sun Pharma Advanced Research, Tech Mahindra and Wockhardt are some of the major companies set to announce their Q3 results today. Global markets Major Asian markets are trading in the green, Nikkei is up 0.51%, Hang Seng is up 0.56%, while Shanghai Composite is trading  0.47% higher. US Markets: The major averages continued to surge higher with all the three major indices closing at record highs in the Friday’s session. The Dow advanced 0.9% to 26,616.71, the Nasdaq spiked 1.3% to 7,505.77 and the S&P 500 jumped 1.2% to 2,872.87. The strength on Wall Street was mainly on account of the latest earnings news, with shares of Intel moving sharply higher after the com...

Equity tips:- Nifty turns choppy after opening on a positive note.   PSU banks gain in trade post government allocates capital to banks when the market commenced today’s trade. Later PSU Bank index erased early gains and is also the top loser among all the sectoral indices followed by IT, FMCG and Realty index. On the other hand, Metals index is the top gainer.   Crucial support for Nifty is at 10,970 levels.   At 9:40 AM, the BSE Sensex was trading at 36,061, down 100 points, while the broader Nifty50 index was ruling at 11,066, down 16 points.   Volatility index India VIX down 0.63% at 17.9250.   Vedanta (+2.5%), Hindalco (+2%), Cipla (+1.7%), L&T (+1.3%) and GAIL (+1.2%) were the top gainers on Nifty50.   SBI (-2.5%), Tech Mahindra (-2.3%), Yesh Bank (-2.2%), TCS (-1.8%) and HCL Tech (-1.8%) were the top losers in today’s trade.   Out of 2,003 stocks traded on the NSE, 731 advanced, 843 declined and 429 remained unchange...

Equity tips:- Domestic benchmark indices opened lower today, snapping a five-session long gaining streak, tracking subdued Asian markets. Losses were, however, capped by gains in shares of fast moving consumer goods companies.   At 9:53 AM, the BSE Sensex was trading at 36,130, down 9 points, while the broader Nifty50 index was ruling at 11,073, down 11 points.   Shares of Indiabulls Housing Finance down 1% today as the company reported a 55.4% year-on-year rise in its consolidated net profit for the December quarter, after market hours on Tuesday.   RBL Bank stock dropped 3% after its asset quality deteriorated in October-December quarter sequentially.   Shares of Shriram EPC rose 14% after the company received an order worth Rs84cr from the government of Jharkhand to set up drinking water and sanitation facilities.   The broader markets were also trading on a muted note as the BSE MidCap Index and the BSE SmallCap Index fell 0.50% eac...

Equity tips:- Another gap up for indices lift Nifty past the 11000 psychological mark while BSE Sensex surpasses the 36000 mark for the first time ever.   Barring the media index all the other NSE sectoral indices are in the green.   The Metal index has led the rally followed by the IT and PSU Banking stocks.   At 9:50 AM, the BSE Sensex was trading at 36,028, up 230 points, while the broader Nifty50 index was ruling at 11,028 up 68 points. HSIL gains 5%, company starts production at Telangana plant. Om Metals gains 5% on Jaipur land case settlement. IOC gains 3% as company's board to mull bonus share issue. Volatility index India VIX inched up 3.75% at 15.9700. Hindalco (+4.7%), Vedanta (+3.3%), Tata Steel (+3.0), IOC (+2.6%) and Infy (1.7%) were the top gainers on Nifty50. ZEEL (-1.5%), Ambuja Cement (-1.1%), Eicher Motors, Tata Motors (-0.9%) and GAIL (-0.6%) were the top losers in today’s trade. Out of 2008 stocks traded on the NSE...

Equity tips:- Domestic benchmark indices opened higher and hit their lifetime highs, led by gains in shares of Oil and Natural Gas Corp and Reliance Industries. The broader markets were trading with a positive bias as the BSE MidCap Index and BSE SmallCap Index gained over 0.2%. At 10:01 AM, the BSE Sensex was trading at 35,646, up 135 points, while the broader Nifty50 index was ruling at 10,903, up 9 points. Shares of ONGC rose over 5% today as Hindustan Petroleum Corp's  (HPCL) buyout valuation is seen favorable for the company. However, shares of HPCL fell over 2% as the price at which ONGC said it will buy the stake in the company was much below market expectations. Shares of Reliance Industries rose over 2% today as the company's consolidated net profit for Oct-Dec rose 25.1%, beating analysts' estimate. Shares of Wipro fell over 1% today as the company posted an 11.9% decline in its Oct-Dec consolidated net profit to Rs1800cr. Volatility index...

Equity tips:- Global Markets:-   Major Asian markets are trading in the green at present, Nikkei is up 0.31%, Hang Seng is up 0.04%, while Shanghai Composite is trading  0.30% higher. US Markets: All the major averages closed in the negative territory in yesterday’s session. The Dow fell 0.4% to 26,017.81; the S&P 500 dipped 0.2% to 2,798.03 while the tech-heavy Nasdaq closed 2.23 points lower at 7,296.05. Profit booking was witnessed after the strong gains in the recent sessions. European markets closed mixed yesterday with FTSE down 0.32%, CAX up 0.02% and DAX closed 0.73% higher. FII Data :  In yesterday’s session FII’s bought 1,894 crores stock in the cash market, whereas DII’s sold 657 crores worth of stock. In the derivative market, FII’s bought 679 crores of Index futures and sold 232 crores worth of Index options. In the Stock futures segment, FII’s bought 1,841 crores worth of stock futures and sold 66 crores stock options. ...

Equity tips:- Benchmark indices jump-started the session at fresh lifetime highs tracking global markets and underpinned by gains in banks and fast moving consumer goods companies. Nifty Bank gained over 500 points after media report stated that the government is considering allowing 100% FDI in the banking sector.   At 9:47 AM, the BSE Sensex was trading at 35,446, up 364 points, while the broader Nifty50 index was ruling at 10,879, up 90 points.   The Nifty PSU Bank index, up 1.8%, was the top gaining sectoral index, led by near 2% gains in shares of State Bank of India.   The Nifty FMCG index gained 0.8% led by near 2% gains in shares of Hindustan Unilever, as the company reported a higher-than-expected Oct-Dec net profit.   Shares of Emami Paper Mills rose 3% after L&T mutual fund bought 5.42% stake in the company through multiple block deals on the BSE.   Bharti Infratel stock slipped over 2.5% after the company posted...

Equity tips:- Markets have turned quite volatile in the early trades. After opening in a flat note and slipping at open, indices are back in the green thanks to smart gains in the PSU and Private banks. At 9:56 AM, the BSE Sensex was trading at 34,857, up 86 points, while the broader Nifty50 index was ruling at 10,711, up 10 points. Shares of IT companies extended their gains from the previous session as the Nifty IT index rose 1.7% in early trade, led by chart-topping gains in shares of Infosys and Tata Consultancy Services. Shares of Sun Pharmaceutical Industries rose over 1% as the company said it has settled a US patent infringement case involving its generic version of anti-constipation drug Linzess. GAIL India's stock was up over 1% as the company and Russia's Gazprom have renegotiated their long-term 2.5-mtpa liquefied natural gas supply pact. However, gains were capped by an extended decline in shares of state-owned lenders as the Nifty PSU...

Equity tips:- Domestic share indices started today's session on a marginally positive note, tracking a similar trend in most Asian markets and led by gains in shares of information technology, media and fast moving consumer goods companies. However, gains were limited due to lack of significant triggers and as India's trade deficit in December widened to a three-year high. The broader action remained largely stock specific as investors react to Oct-Dec corporate earnings. At 9:42 AM, the BSE Sensex was trading at 34,915, up 72 points, while the broader Nifty50 index was ruling at 10,755, up 14 points. Information technology stocks were the strongest today, with the Nifty IT Index rising over 1%, led by surge in shares of Tech Mahindra, Wipro and Tata Consultancy Services. Shares of Housing Development Finance Corp fell over 1% on profit booking after gaining more than 6% on Monday. Shares of oil and gas companies were among the weakest as the Nift...

Equity tips:- Global markets:-   Major Asian markets are trading in the red at present Shanghai Composite is down 0.08%, Hang Seng is down 0.13%, while the Nikkei is trading 0.34% lower.   US markets: The major averages ended the day modestly lower, with the S&P 500 and the Nasdaq closing lower for the first time in 2018.   The Dow dipped 16.67 points to 25,369.13, the Nasdaq edged down 10.01 points to 7,153.57 and the S&P 500 slipped 3.06 points or 0.1% to 2,748.23.   Concerns regarding a report from Bloomberg news indicating Chinese officials have recommended slowing or halting the purchase of U.S treasuries weighed in on the markets.   European markets also closed mixed yesterday with FTSE up 0.23 %, CAX down 0.35% and DAX down 0.78%.    FII Data: In yesterday’s session FII’s sold 572 crores stock in the cash market whereas DII’s bought 600 crores worth of stock.   In the derivative market, FII’s sold...

Equity tips:- Benchmark indices opened on a subdued note, tracking weakness in other Asian equities. Losses, however, were limited by gains in shares of metal, fast moving consumer goods and pharmaceutical companies, which rose 0.3-0.5%.   At 10:04 AM, the BSE Sensex was trading at 34,471, up 29 points, while the broader Nifty50 was ruling at 10,640, up 7 points.   Shares of telecom companies gained today after Telecom Commission on Tuesday agreed with Telecom Regulatory Authority of India's recommendation to raise spectrum holding limit for mobile operators    Shares of Reliance Communications soared nearly 4% today on report that Reliance Jio Infocomm may buy the company's unsold airwaves.   Shares of Spice Mobility rose 3% after a subsidiary divested stake in Sunstone Eduversity.   The BSE Mid-cap and BSE Small-cap indices were up 0.16% and 0.26%, respectively.   Volatility index India VIX gained 1.20%.   Coal Ind...

Equity tips:- Indices opened the session on a positive note owing to firm global cues. The market slipped into the negative zone after hitting a record high and ahead of earnings season.   At 10:11 AM, the BSE Sensex was trading at 34,393, up 42 points, while the broader Nifty50 was ruling at 10,620, down 3 points.   Shares of NMDC fell nearly 4% today as the government will sell up to 3% stake in the company through an offer for sale, at a 5% discount to the previous closing price.   Shares of Aarti Drugs surged 7% to hit a near three-year high after the company set the price of its share buyback at a 19.5% premium to the stock's closing price on Monday.   Shares of Coal India hit a six-month high following a hike in non-coking coal prices as the increase is seen offsetting the impact of higher wages.   The BSE Mid-cap and BSE Small-cap indices were down 0.03% and 0.11%, respectively.   Volatility index India VIX gained 2.25%. ...

Equity tips:- Domestic benchmark indices opened higher today, touching their lifetime highs, following positive cues from global markets and led by gains in HDFC, Infosys and Larsen & Toubro.   At 10:35 AM, the BSE Sensex was trading at 34,358, up 204 points, while the broader Nifty50 was ruling at 10,619, up 61 points.   The Nifty Pharma Index rose 2% as investor sentiment remains positive on hope of a recovery in earnings, led by more product launches in the US and better growth in the domestic market.   Shares of Jaypee Infratech rose nearly 10% on reports that Tata Housing and Lodha Group have filed initial bids to take over the company, which is currently under insolvency proceedings.   Shares of Sun Pharmaceutical Industries and Yes Bank were among the top gainers on the Nifty50 Index, while those of Bharti Airtel were the biggest loser.    Shares of Larsen and Toubro touched 52-week high after the company won orders w...

Equity tips:- Indian equity indices jump-started today's session and were close to their lifetime highs, with shares of state-owned banks and metal companies leading the gains seen across most sectors, supported by an upbeat trend in most global markets.   At 10:09 AM, the BSE Sensex was trading at 34,153, up 183 points, while the broader Nifty50 was ruling at 10,555, up 49 points.   The Nifty PSU Bank Index extended gains and rose over 1% in early trade as the Lok Sabha, late Thursday, passed the third batch of Supplementary Demands for Grants, which will enable the government to issue bonds worth Rs800bn to recapitalize the lenders in the current financial year.   IOB stock gained 7% as the bank decided to utilize share premium balance to write off the accumulated losses.   Bharat Forge shares gained 2% after strong Class 8 truck orders in the US. North America Class 8 truck orders shot up 77% yoy to 37,200 units in December against 21,061...

Equity tips:- Buoyed by a positive trend across most sectors and continued rally in metal stocks, domestic share indices started the session on a positive note.   At 10:58 AM, the BSE Sensex was trading at 33,850, up 56 points, while the Nifty50 was ruling at 10,455, up 11 points.   Metal stocks continued to gain on the back of rising global commodity prices. The Nifty Metal Index rose 0.5% in early trade, led by over 1% gains in shares of Vedanta and Welspun Corp.   Shares of Tata Motors, which fell 1%, were the worst hit on Nifty50 as the company reported a 9.4% on-year fall in Jaguar Land Rover sales in the US to 11,394 units for December.   Shares of SJVN soared over 15% to a lifetime high after the company said its board will meet on Monday to consider a proposal to buyback its fully-paid up equity shares.   Barring the Nifty Auto Index, which fell 0.2% all other sectoral indices were 0.1-0.6% higher in early trade.   The BS...

Equity tips:- Boosted by chart-topping gains in shares of index-heavyweight Reliance Industries and a firm trend in shares of metal and banking stocks, domestic share indices started today's session on a positive note, mirroring similar trend in most global equity markets.   At 10:41 AM, the BSE Sensex was trading at 33,957, up 145 points, while the Nifty50 was ruling at 10,497, up 55 points.   Shares of Dr. Reddy's Laboratories, down 2%, were the worst hit on Nifty50 after details of its Duvvada unit inspection were released.   Shares of RIL rose 1.5% after the company said that it has commissioned a 1.5-mtpa refinery off-gas cracker unit at its Jamnagar complex.   Metal stocks continued to gain strength on the back of rising global commodity prices. The Nifty Metal index rose 0.8% in early trade, led by over 1% gains in shares of Vedanta and Tata Steel.   Shares of public sector banks recovered from recent weakness as the Nifty PSU ...

Equity tips:- Domestic benchmark indices opened higher led by a rise in shares of automobile, metal and infrastructure companies.   At 9:50 AM, the BSE Sensex was trading at 33,798, down 14 points, while the Nifty50 was ruling at 10,441, up 6 points.   Bajaj Auto's total sales in December increased to 2.92 lakh units in last month of passing year, from 2.25 lakh units sold in year-ago. Stock rose 1%.   Shares of Oil and Natural Gas Corp were up 2%, the leading gainer on the Nifty50, on reports that the company has made a significant oil and gas discovery to the west of its prime Mumbai High fields in the Arabian Sea.   Shares of Prestige Estates Projects rebounded from two consecutive sessions of losses and climbed nearly 4% after the company said its board has approved buying out Singapore-based CapitaLand Ltd's stake in various retail joint ventures for Rs342cr.   The Nifty Auto index was up 0.6%, rebounding from near-1% losses on Monday...