Published on October 21, 2014
1. 1 | P a g e Evening Market Report WealthRays Research Desk Evening Market Report 21stOctober, 2014 Indian Markets Indian equity markets opened higher today with benchmark indices Nifty and Sensex witnessing a gap up opening. Nifty opened above 7900 mark at 7906.1 and witnessed a volatile session but conquered 7900 mark to close at 7927.75. Strength in European markets provided support to Indian markets. Also, Q2 earnings remained in focus. PNB Q2 results disappointed with rise in NPA while HDFC posted stable results. Private Banks and metal stocks provided support to Nifty while Pharma and Public banks were seen weak in the trade. China posted its July – Sept GDP growth rate at 7.3% which disappointed the Asian markets. USDINR pair opened lower today and remained in a narrow range of 12 paisa. Rupee was seen resisting 61.25 mark. US Fed decision in coming week remained in focus with USD Index trading 0.04% higher with a positive bias. Most Asian currencies were slightly strong against USD. Major world currencies remained flat against the greenback. Strength in equity markets and FII inflows in previous session provided much needed support to Rupee. Rupee is seen trading in a range of 61.2-61.5 ahead of US Fed decision on 29th October. Other Asian Markets Asian markets witnessed a volatile session today and traded with a negative bias. Nikkei lost 2.03% and SSE closed down by 0.77% as China’s GDP growth was at 7.3% for last quarter. The sentiment was weak in equity markets. Most Asian currencies were flat to positive against USD. Strength in Yen dragged export stocks causing weakness in Nikkei. Sectors Snapshot Bank Nifty: Bank Nifty rallied 210.65 points today as HDFC bank posted strong results and sentiment remained positive for Private banking stocks. PNB closed in red on the index after bad performance in Q2 where it saw increase in NPAs. ICICI Bank (+2.94%) was top gainer on the index. CNX Energy: Energy index opened slightly higher today and closed flat amid volatile session. Participants booked profit on ONGC after its up move in previous session. The breadth was mixed on the index. GAIL India(+4.81%) was top gainer on the index while OMC stocks closed lower. CNX Pharma: Pharma stocks opened flat but came of day’s lows and closed in red. Major stocks were down with exception of Cipla (+0.67%) while supported the pharma index. Lupin (-1.37%) was top loser on the index. CNX Media: Media index opened flat but gained steadily closing 1.22% higher. The stock was lifted by majors Zee (+1.82%) and TV 18 (+1.09 %). India VIX: India VIX lost 6.06% as Nifty broke 7900 and saw closing above that. Index Close Open Previous Close Change (%) S&P BSE SENSEX 26575.65 26552.45 26429.85 +0.55 CNX NIFTY 7927.75 7906.15 7879.40 +0.61 Index Close Open Previous Close Change (%) Hang Seng Index 23088.58 23073.36 23070.26 0.08 NIKKEI 225 Day 14804.28 15115.29 15111.23 -2.03 KOSPI Composite 1915.28 1923.62 1930.06 -0.77 SSE Composite 2339.657 2355.033 2356.728 -0.72 Name Close Open Change (%) BANK NIFTY 16427.25 16281.95 1.3 CNX AUTO 7765.4 7751.35 0.51 CNX ENERGY 9314 9337.4 -0.01 CNX FINANCE 6583.85 6536.45 1.1 CNX FMCG 19114.9 19047.85 0.42 CNX INFRA 3117 3077.4 1.8 CNX IT 10692.35 10723.15 0.18 CNX MEDIA 2094.05 2067.5 1.22 CNX METALS 2805.5 2775.85 1.87 CNX PHARMA 10284.6 10321.25 -0.28 CNX REALTY 191.15 186.85 2.66 INDIA VIX 13.33 14.19 -6.06
2. 2 | P a g e Evening Market Report WealthRays Research Desk Evening Market Report 21stOctober, 2014 Market Movers Gainers JSPL: Share prices of the company were seen going up in today's session after CEO of the company said that they will be allowed to participate in the upcoming auction of coal blocks. Most of the power companies were up on coal block e-auction ordinance. Shares of JSPL were up by 7.34% to close at 145.45 Losers ONGC: Shares of the company were down by 2.63% to close at 408 due to profit booking by the investors. Stock opened 8% up in yesterday's session after gas price hike and diesel decontrol. Companies PAT and revenue were expected to increase after this decision. It was the worst performer among the Nifty constituents. Commodity Outlook: Commodity Market showed moderate volatility in the morning session. Gold Prices remained strong at their monthly highs due to global growth concerns while Silver Prices also remained steady. Crude Oil Prices made modest gains in the morning session due to rise in Chinese demand and Natural Gas Prices remained weak due to warm weather forecasts in USA. Base Metals showed strength in the morning as they were supported by Chinese GDP numbers which beat estimates Outlook for Evening session: Gold and Silver Prices are expected to be range bound as Equity markets are expected to stay strong; Crude Oil is expected to be steady while Natural Gas is expected to fall; Base Metals could make moderate gains in the Evening session Stock Recommendations: Piramal Enterprises– Sell at `689.60(CMP); Target -`682.00; Stop Loss –`695.00 JSW Steel– Buy at `1176.00(CMP); Target -`1190.00; Stop Loss – `1165.00 Biocon– Buy at `480.10(CMP); Target -`485.00; Stop Loss – `475.00 Yesterday’s Recommendations Results: Top Gainers Stock Open Close Change (%) JSPL 138.5 145.45 7.34 DLF 116.5 121.4 5.43 GAIL INDIA 460.1 481.1 4.81 SESA STERLITE 241.9 248.5 4.57 BHEL 228.55 238.45 4.56 Top Losers Stock Open Close Change (%) ONGC 420 408 -2.63 M&M 1260 1229.05 -2.51 PNB 964.35 932.45 -2.41 ULTRATECH 2468.9 2400 -2.05 COAL INDIA 362 355.05 -1.73 Kotak Mahindra Bank Recommended BUY Price: 1003.85 TARGET: 1015.00 Today’s High: 1016.90 Today’s Closing: 1013.75 Asain Paints Recommended BUY Price: 647.60 TARGET: 654.00 Today’s High: 653.20 Today’s Closing: 644.25 HDFC Bank Recommended BUY Price: 893.80 TARGET: 903.00 Today’s High: 905.75 Today’s Closing: 895.55
3. 3 | P a g e Evening Market Report WealthRays Research Desk Evening Market Report 21stOctober, 2014 Follow Kiran Kumar Kavikondala, CEO, WealthRays (also known as MoneyAutomator) - https://www.facebook.com/moneyautomator 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 email@example.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 | Research Desk WealthRays Securities Pvt Ltd RegdOffice: WealthRays Securities Private Limited, 1654, 1stfloor, HAL 3rdStage, Jeevanbimanagar, Bangalore-560075 Enquires:08049203300 | URL – www.wealthrays.com -------
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