RBI cuts repo rate by 25 bps; no change in CRR, SLR

With retail inflation easing to a four-month low of 4.87 percent accompanied by a slowdown in industrial output to 2.1 percent, most economists and bankers were betting on a 25 bps rate cut. However, forecast of delayed monsoon remain a big overhang on the economy.

MUST KNOW BEFORE TRADING TODAY 2 JUNE 2015

·                     The rupee rebounded smartly and ended higher by 12 paise to 63.70 against the American currency

·                      Nifty could gain 14.50 points at the opening bell.

·                     Down Jones 29 points up  18,040

·                     NIKKIE 14 points up @ 20,584.

·                     HENG SENG 191 points down 27,405.

·                      RBI credit policy scheduled today  June 2, 2015

UPCOMING EVENT AND PROFIT SUMMARY FOR 01 JUNE 2015

The market has seen consolidation on Monday ahead of RBI policy scheduled to be announced on June 2. FMCG, capital goods and select technology stocks gained while private banks were under pressure. The 30-share BSE Sensex advanced 21 points to 27848.99 while the 50-share NSE Nifty fell 0.25 point to 8423. The broader markets closed flat  at 8423. pharma and financial services were likely to see strong growth this year and that IT services firms could surprise positively. On the other hand, earnings of capital goods, engineering, steel and cement companies were likely to disappoint. Today Private banks like HDFC Bank and Axis Bank fell more than 1 percent and ICICI Bank was down 0.3 percent. Sun Pharma was the biggest loser on Sensex today, down 9 percent after reporting disappointing set of earnings in Q4. The company said a decline in sales and higher integration costs impacted margins in Q4.

UPCOMING EVENT: RBI POLICY ON 2 JUNE 2015

MARKET SUMMARY FOR 29 MAY 2015

Sensex, Nifty extend rally; Bharti Airtel, M&M top gainers Bharti Airtel topped the buying list up by 6 percent. Mahindra & Mahindra rallied 5 percent, reacting to Q4 earnings that matched street expectations. Equity benchmarks extended rally in last hour of trade with the Sensex rising 379 points or 1.8 percent to 27885 and the Nifty gaining 125 points or 1.8 percent at 8468. About 1405 shares have advanced, 1188 shares declined, and 161 shares are unchanged. Sensex ended the day at 27,828 up 321 points. The broader 50-share Nifty closed above the crucial mark of 8,400 @ 8,433 up by 114 points. 26 of the Sensex stocks ended the day in green. Sectorally, auto index was the top gainer, up 1.8%. Value buying, hopes of a rate cut from RBI on June 2 are said to the top reasons why Indian markets were on a roll today.

TODAY RESULTS

MARKET SUMMARY FOR 28 MAY 2015

Nifty falls by 0.1% and ended May series below 8350; Vedanta, Tata Motors up Overall in the May series, Nifty was up 1.7 percent while Sensex jumped 1.8 percent. CNX IT index rallied 4 percent, Oil & Gas was up 3.4 percent, Pharma gained 2.7 percent. The market ended May F&O series flat on a corporate earnings heavy day. The Nifty closed down 15.60 points at 8319 while the Sensex slipped 57.95 points at 27506. now the market needs one big push from the FIIs.Indian markets were volatile also because of F&O expiry as traders roll over positions in the futures & options (F&O) segment from May 2015 series to June 2015 series. 20 stocks on the Sensex closed the day in red. Sectorally, healthcare index was the top loser, down 1.31%.Tata Motors was the top gainer on Sensex, up about 3%. Cipla was the top loser, down nearly 3%. 

TODAY RESULTS

MARKET SUMMARY FOR 27 MAY 2015

Sensex, Nifty end  flat because ahead of F&O expiry ,banks lead gainers Banking majors like HDFC Bank, Axis Bank, ICICI Bank and State Bank of India rallied 1-2 percent ahead of RBI policy meet (on June 2). Reuter’s poll indicated that the RBI may cut repo rate by 25 basis points to 7.25 percent. It was a consolidation day for the market on Wednesday ahead of expiry of May derivative contracts (on Thursday) and after seeing sell-off in previous two sessions. Banks were the lead gainers today followed by FMCG, capital goods and oil stocks. The 30-share BSE Sensex gained 33.25 points at 27564 while the Nifty declined 4.75 points to 8334 after hitting an intraday low of 8277. And Wockhardt rose over 11 percent intraday on Wednesday. US Food and Drug Administration (FDA) has completed inspection of the drug manufacture’s Waluj facility yesterday.  and  Tata Motors  fell 7 percent intraday on Wednesday after its March quarter earnings. Its Q4 profit plunged 56.2 percent year-on-year to Rs 1,716.5 crore, impacted by higher depreciation and marked-to-market un-matured hedges. Shares of  Tech Mahindra tanked 14 percent intraday on Wednesday after its disappointing March quarter earnings was announced.
TODAY RESULTS

GAIL falls by 1.6%. and Q4 profit falls 16% to Rs 510.75 cr GAIL India missed street expectations on Wednesday with the fourth quarter net profit declining 16 percent sequentially to Rs 510.75 crore, impacted by higher other expenses and loss at petrochemicals division. Total income from operations slipped 4.7 percent to Rs 14,270.62 crore during January-March quarter compared to Rs 14,969.41 crore in December quarter, said the country's largest gas transmission and marketing company in its filing. Profit was estimated at Rs 667.7 crore on revenue of Rs 14,154.8 crore for the quarter. Top gainers and losers are:

MARKET SUMMARY FOR 26 MAY 2015

FUTURE:

“SELL AMBUJACEM BELOW 227 TGT 220 SL 234”

“BUY TATASTEEL ABOVE 334 TGT 340 SL 328”

The market ended at lower levels. The Sensex was down 112 points or 0.4 percent at 27531 and the Nifty was down 30.90 points or 0.1 percent at 8352. About 1176 shares have advanced, 1482 shares declined, and 175 shares are unchanged.  After beating estimates by its March quarter results, BHEL ended with 5 percent gains. Coal India, Hero MotoCorp, Maruti and Bajaj Auto are top gainers in the Sensex. Among the losers are ONGC, Vedanta, Tata Motors, NTPC and Reliance. 8000 can be a great entry point on the downside. He is betting on banking and industrial stocks.
TODAY RESULTS

BHEL up by 5.1% and a net profit of Rs 888.4 crore in January-March quarter, down 52 percent from Rs 1,844.6 crore in year-ago period. Net sales, during the quarter, also slipped 16 percent to Rs 12,368.4 crore compared to Rs 14,755 crore year-on-year (Y-o-Y).
Tech Mahindra falls by 2.3% Q4 profit down 39%, the fourth quarter profit falling 39.2 percent sequentially to Rs 472 crore, dented by higher employee cost and other expenses. Tech Mahindra  missed street forecast on Tuesday with the fourth quarter consolidated profit falling 39.2 percent sequentially to Rs 472 crore.

Suven Life Sciences falls by 3.9%. Q4 profit dips 48% to Rs 17 crore .net profit of Rs 32.40 crore for the January-March period of the previous fiscal, 2013-14, net sales of the company stood at Rs 110.66 crore for the fourth quarter of last fiscal as against Rs 130.80 crore in the year-ago period.top gainers and losers are:

MARKET SUMMARY FOR 25 MAY 2015

FUTURE:

                                    “SELL VOLTAS BELOW 320 TGT 315 SL 325”       

“BUY DISHTV ABOVE 85.50 TGT 89 SL 82.00”

Nifty holds resistance of  100 EMA .Nifty drops below 8400 by 1.1% at 8362. Sensex fell 313 points to 27643 and the 50-share NSE Nifty ended below the 8400-mark, down 88 points to 8362 The BSE Midcap and Smallcap indices closed flat with negative bias. Canara Bank took a sudden plunge after the bank announced its Q4 results. For three sessions, nifty is facing resistance of 100 day EMA @ 8440-50.Now 100 day EMA is a very good indicator of medium term trend. it has been month  now that the indices have been trading below 100 EMA. indices have not traded below 100 EMA for such a long time since september 2013.couple of closes above 8450 and we are set for 8600+ levels. however failure to do so will again drag back indices to sub 200 EMA levels i.e below 8200 odd levels.  The stock cracked nearly 5.2% to end the day at Rs 335.40. ONGC, Bharti Airtel, M&M, BPCL are the top gainer.HDFC, ITC, Vedanta and Tata Steel, down by 2-3 percent  and L&T, Reliance Industries, SBI, Axis Bank, HUL, Infosys, ITC and Tata Motors with around a 1 percent loss. Sensex slips over 300 points, Top gainers and losers are: