Equity report on Indian stock market

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EveningMarketReport
WealthRays Research Desk
Evening Market Report 22nd
December, 2014
Nifty breached 8300 levels on account of short covering, global cues
Indian Markets
Equity markets witnessed positive momentum today
tracking positive cues from global markets, rebound in oil
prices and strong close on Wall Street. Domestic factors
driving the markets were positive review from govt. on
inflation expectations which remained lower in coming
year. Also, GST bill which will be taken up in next session of
Parliament kept equities higher. Nifty reclaimed 8300 mark
lifted by metal, energy and banking stocks. The breadth
remained positive on the benchmark. Stability in Rupee at
higher levels and its further resistance to depreciate lifted
banks.US Q3 GDP data to be released tomorrow was eyed
by market participants for further positive cues from global
markets. December F&O expiry earlier this week is
expected to keep markets volatile this week.
Sectors Snapshot
Bank Nifty –Banking stocks were up today and buying was seen at lower levels. Resistance in USDINR at higher
levels supported banking stocks. Banks rallied as after govt.'s midyear review expected lower retail inflation levels
in coming quarters which made a strong case for a rate cut early next year.
CNX IT: Elevated levels in USDINR kept IT stocks in positive territory today. Positive sentiment on markets also
supported IT index. While major stocks traded mixed on account of some profit taking, mid cap stocks were
mostly in red.
CNX Energy: Energy Sector gained more than 100 points in the session today support by the rise in Crude Oil
Prices. All stocks in the sector closed in positive while Cairn India was the biggest gainer in the sector gaining more
than 3%.
CNX Pharma: Index opened marginally higher from previous session. Inflows were seen in all the sectors,
however, rate sensitive stocks were seen as the major gainers. Value buying was seen under Pharma stocks.
Glenmark Pharma surged 2.7% being the top gainer among the index.
Market Movers
Gainers
JSPL: Shares rose and was the top gainer in today's
session as company arm allotted 5 billion rupees NCD's
to Kotak Bank in three series.
Coal India: Shares rose over 3% and touched three
month high on news that the company will consider a
rise of 5-8% in coal prices in January.
Losers
Hindalco: Profit taking was seen after consecutive rise
from past three session as company aims a record $1
billion worth of aluminium exports.
Zee Entertainment: After a surge in more than 5% in
past five sessions, profit taking was seen in today’s
session being the second top loser of the day.
Name Close Open Change (%)
SENSEX 27701.79 27479.87 1.21
NIFTY 8324 8255 1.2
BANK NIFTY 18747.35 18562.35 1.45
CNX AUTO 8286.7 8194.7 1.45
CNX ENERGY 8769 8682.2 1.26
CNX INFRA 3025.8 3014.3 0.69
CNX IT 11202.1 11223.75 0.23
CNX METALS 2664.55 2643.3 1.35
CNX PHARMA 10826.15 10759.05 0.88
Top Gainers
Stock Open Close Change (%)
JSPL 139.2 145.5 6.2
COAL INDIA 378.05 390.35 3.82
M&M 1225.4 1265.4 3.53
NMDC 141 145.5 3.45
CAIRN INDIA 244 248.7 3.43
Top Losers
Stock Open Close Change (%)
HINDALCO 156.5 155.8 -1.27
ZEE 378.5 377.95 -0.81
L&T 1538 1524.2 -0.71
TATA STEEL 406.45 404.05 -0.35
PNB 226 223.35 -0.31

2. 2 | P a g e
EveningMarketReport
WealthRays Research Desk
Evening Market Report 22nd
December, 2014
Currency:
Rupee showed resistance to further depreciation today amid strength in USD. The elevated levels in Rupee were
seen as result of mixed trade on Asian currencies, negative FII flows in equity markets in previous sessions. While
major factors supporting Rupee were strength showed in equity markets, possible RBI intervention and
expectations of pre budget rally in equity markets. US Q3 GDP data will be relapsed tomorrow which will provide
further cues to USDINR. USDINR is seen in range of 62.5-63.8 going forward.
Other Asian Markets
Asian markets closed with a positive bias today. Major indices closed in positive territory. Positive close on Wall
Street lifted the sentiment. Rebound in oil prices were again a booster for equities. Mixed move on currencies
against the greenback was seen. China's indices closed higher on expectations of PBOC easing.
Commodity Outlook:
Commodity Market showed moderate volatility in the morning session. Gold and Silver Prices showed strength
but their upper side remained limited on strong dollar and strength of Equity Markets. Crude Oil made gains in
the morning session as Asian Equity Markets showed strength while Natural Gas Prices dipped more than 6% on
uncertain weather forecasts in USA. Base Metals remained strong as they were supported by strong Equity
Markets.
Outlook for Evening session: Gold and Silver Prices are expected to be range bound in the Evening session; Crude
Oil and Natural Gas are expected to trade flat while Base Metals could continue to be strong.
Stock Recommendations:
IOC - Buy at `335.65(CMP); Target -`340.0; Stop Loss –`332.0
Zee - Sell at `377.95(CMP); Target -`374.00; Stop Loss –`381.50
Wipro - Buy at `555.15; Target – `561.00; Stop Loss – `549.00
Yesterday’s Recommendations Results:
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Index Close Open Previous Close Change (%)
Hang Seng Index 23408.57 23264.05 23116.63 1.26
NIKKEI 225 Day 17635.14 17685.53 17621.4 0.08
KOSPI Composite 1943.12 1938.16 1929.98 0.68
SSE Composite 3127.445 3129.267 3108.596 0.61
Research Desk
WealthRays Securities Pvt. Ltd
Regd. Office: WealthRays Securities Private Limited, 1654, 1
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floor, HAL 3
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Stage, Jeevanbimanagar, Bangalore-560075
Enquires: 08049203300 | URL – www.wealthrays.com
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Aurobindo Pharma
Recommended BUY Price: 1106.30
TARGET: 1118.00
Today’s High: 1124.90
Today’s Closing: 1107.80
TVS
Recommended Sell Price: 252.40
TARGET: 249.50
Today’s low: 245.80
Today’s Closing: 247.30
Tata Power
Recommended BUY Price: 83.40
TARGET: 84.50
Today’s High: 84.60
Today’s Closing: 84.15

3. 3 | P a g e
EveningMarketReport
WealthRays Research Desk
Evening Market Report 22nd
December, 2014
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