Morning Equity Report - 21th October, 2014

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Information about Morning Equity Report - 21th October, 2014
Economy & Finance

Published on October 21, 2014

Author: WealthRaysSecurities1

Source: slideshare.net

Description

Equity outlook for the day.

1. WealthRays Research Desk 1 Pre-Market Equity Report 21th October, 2014 Market Outlook Market Wrap up (20th Oct, 2014) as Table 1 Global Markets Update (20th Oct, 2014) Nifty- 7,879.40 +1.28% Sensex-26,429.85 +1.23% BUY/SELL FII/FPI (Rs. Crores) DII (Rs. Crores) BUY 5,287.33 1,868.6 SELL 4,247.25 2,034.71 NET 1,040.08 -166.11 Index Close Change (%) DJIA S&P 500 NASDAQ FTSE 100 6,267.07 -0.68 CAC 40 3,991.24 -1.04 DAX 8,717.76 -1.50 Sector Outlook Banks: Banks are seen trading positive today though any downside is expected to be bought in by the bulls. The sentiment remains positive for banking stocks with HDFC Q2 results expected. Earnings and Fed decision will be in focus in coming days. CNX IT: Major IT stocks are seen recovering today and trading with a positive bias. Support to CNX IT is expected of major stocks with mid cap stocks seen trading mixed. Earnings will be focus. Recent correction in IT index is expected to fuel some buying today. Indian benchmark indices are expected to open positive on back of positive global cues. S&P closed above 1,900 levels while Asian markets were mixed in morning trade. SGX Nifty was trading up by 8 points suggesting positive open on Nifty. Domestic cues remain positive for markets with global oil prices and diesel deregulation boosting OMC stocks, banking stocks recovering in previous sessions and FIIs turning positive in capital markets. Also, govt. will be bringing ordinance to allow e-auctioning de allocated coal mines. Nifty rallied in previous session and is expected to trade with a positive bias today. Banking stocks are seen positive while IT stocks are also seen recovering slightly today. Indian equity market sentiments were lifted by the BJP victory in Haryana and majority in Maharashtra. Also, series of steps taken by govt. like diesel de regulation, hike in gas price and diesel prices cut amid weak global oil prices lifted the sentiment on D- Street. OMC stocks lifted the benchmark Nifty. Banking stocks were also positive today with Axis Bank rallying post stable Q2 earnings. IT stocks were weak in the session and weighed on the Index. Strong recovery on Wall Street on Friday also provided support to Indian indices. Major US equity indices mostly rose but weak IBM results and cut in its earnings forecast weighed on Dow. Dow came off intraday low and closed in green. S&P 500 rose 0.91% and closed above 1,900 mark. NASDAQ also rallied closing up by 1.35%. Apple earnings was awaited with earnings remained in focus on Wall Street. European markets closed in red after rising in previous session. Earnings remained in focus. German producer prices were flat for Sept while Italy’s industrial orders gained 1.5% month on month. FTSE closed down by 0.68% while DAX saw sharp selling and close down by 1.50%. Nifty daily chart

2. WealthRays Research Desk 2 Pre-Market Equity Report 21th October, 2014 Stocks in focus today Key Levels on indices Data Watch Upcoming Events Stock Recommendation for the day Index S2 S1 R1 R2 Nifty 7776 7811 7943 7971 Bank Nifty 16034 16124 16323 16387 CNX IT 10589 10632 10734 10787 Indian ADR closing price Follow Kiran Kumar Kavikondala, CEO, WealthRays (also known as Money Automator) www.facebook.com/moneyautomator ADR ICICI Bank HDFC Bank TATA Motors Wipro Infosys Close(US$) 52.99 (+1.59%) 49.76 (+1.76%) 44.40 (+4.48%) 11.91 (-0.33%) 62.24 (+0.34%)  HDFC Bank: HDFC Bank will be in focus today ahead of Q2 results. Axis Bank posted stable results and overall sentiment for banking stocks remain positive maid reforms by govt. NIM, NII and NPAs will be in focus.  Idea Cellular: Idea Cellular posted strong Q2 results.Net profit rose 3.8% for Q2 from Q1 this year. Average revenue per minute of the company rose by 1.8% QoQ sequentially. The stock closed up by 4.7% is expected to be on investors’ radar today.  Hero Motocorp: Hero Motocorp inaugurated its fourth facility in Rajasthan. Moreover, autos stocks are seen gaining from the diesel deregulation. The stock price closed higher by 2.22% in previous session at Rs. 2,937.70.  Tata Power: LIC has increased stake in in the company from 10.58% to 12.63%. The share price closed up by 2.12%.  Shemaroo Entertainment: Shemaroo Entertainment will trade in normal trading segment from today. The company was available for trade to trade segment on the exchanges after its IPO recently.  Exide Industries: Exide will be in focus after its Q2 results. Exide posted Q2 net up by 6% at Rs. 125.76 crores.  China GDP growth YoY (21st October)  US Sept. Core inflation YoY (22nd October)  US CB Consumer confidence (28th October)  Euro Unemployment rate (31st October)  China Oct. NBC manufacturing PMI (1st November)  India HSBC Manufacturing PMI (3rd November)  US ISM Manufacturing PMI (3rd November)  China balance of trade (10th November)  India IIP data (12th November)  US Fed policy decision (29th October)  Bank of England interest rate policy (6th Nov)  ECB interest rate policy (6th Nov) HINDALCO INDUSTIRES LTD.  Recommended BUY- Rs.146.50 (CMP)  Target- Rs. 149.00  Stop loss- Rs. 144.50 Previous recommendation result AXIS BANK: Recommended BUY – Rs.401.60 TARGET- Rs. 410 Day’s High- Rs. 419.40 Closing Price – Rs. 417.85 Research Desk WealthRays Securities Pvt Ltd RegdOffice: WealthRays Securities Private Limited, 1654, 1stfloor, HAL 3rdStage, Jeevanbimanagar, Bangalore-560075 Enquires: 08049203300 | URL – www.wealthrays.com

3. WealthRays Research Desk 3 Pre-Market Equity Report 21th October, 2014 Disclaimer The information and views presented in this report are prepared by WealthRays Securities Private Limited (hereinafter called WealthRays). The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither WealthRays nor any person connected with any associate companies of WealthRays accepts any liability arising from the use of this information and views mentioned in this document. For any queries write to research@wealthrays.com.WealthRays Securities Private Limited, Trading member of Madras Stock Exchange, NSE Cash Segment - SEBI Regn No. INB041423139 | NSE F&O Segment - SEBI Regn No. INF041423139 | WealthRays Commodities Trading Private Limited, Trading member of National Spot Exchange, Membership No. 57780 |

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