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Daily Wrap-up June 04, 2015
Research Desk – Stock Broking
Note: Figures updated as on 4.00 pm (IST) || Sources: NSE, BSE, Bloomberg & Karvy Research || Leading Business News papers & Websites
++..
S
-+++
Index Watch
Index Levels Change
%
Change
S&P BSE SENSEX 26813.42 -23.78 -0.09
NIFTY 8130.65 -4.45 -0.05
BANKNIFTY 17719.20 -2.20 -0.01
INDIAVIX 18.12 0.62 3.53
S&P BSE MidCap 10347.45 17.99 0.17
S&P BSE SmallCap 10823.73 -4.45 -0.04
S&P BSE AUTO 18207.68 -128.68 -0.7
S&P BSE CG 16676.38 97.59 0.59
S&P BSE CD 10223.94 -77.35 -0.75
S&P BSE FMCG 7415.02 -24.18 -0.33
S&P BSE IT 10792.03 21.69 0.20
S&P BSE METAL 9293.52 -104.43 -1.11
S&P BSE OIL & GAS 9466.72 49.58 0.53
S&P BSE POWER 2007.91 2.57 0.13
S&P BSE REALTY 1430.88 11.64 0.82
*CD-Consumer Durables || CG- Capital Goods.
Markets closed today on flat note amid sluggishness. Short covering at
lower levels in index heavy weights has capped the downside. Nifty
closed at 8130.65, down by 4.45 points or 0.05%. On sectoral front,
Realty, Energy, Finance, and Media stocks are the major gainers for the
day. Whereas Metals, Auto, PSU banks, Pharma, FMCG stocks were the
major losers. On stock specific front, BPCL, RELIANCE, BOSCHLTD,
TECHM and WIPRO were the top gainers of the day, while NMDC, PNB,
TATASTEEL, LUPIN and VEDL were the top losing stocks of the day.
Advance and Decline ratio of the Nifty was 24:26.
On the global front, Asian markets closed mostly in green taking cues
from US markets overnight. Chinese markets traded with extreme
volatility with news on tightening of rules of margin financing by brokers.
While writing this, European markets are trading in red as bond yields
spike.
Nifty has immediate support around 8050-8060 levels and next support is
at 7990-8000, immediate resistance around 8160-8170 and next
resistance is at 8240-8250.
.
News Onboard
PFS raised around Rs.213.5 crore via NCDs:
PFS has raised Rs.213.5 crore through issuance of non-convertible
debentures which are redeemable over a period of 10 years. The
NCDs will augment the long term resources of the company and will
help in lowering the cost of funds.
Suzlon rises on winning order from ReNew Power:
Suzlon Group has won an order for 90.30 MW turnkey project from its
existing customer, ReNew Power. Suzlon will install its S97 90m WTGs
with rated capacity of 2.1MW at Ellutla site Ananthpur district, Andhra
Pradesh.
Aditya Birla Nuvo enters into JV agreement with MMI Holdings:
Aditya Birla Nuvo Ltd has entered into definitive joint venture
agreements with MMI Holdings Ltd., to enter into the health insurance
and wellness business in India. As per the agreements, ABNL will hold
51% share in the joint venture company named Aditya Birla Health
Insurance Co., subject to the regulatory approvals.
Advance / Decline
Indices Advances Declines
Nifty 24 26
NSE 693 763
, 2012) Source: NSE/BSE
Nifty: Top Gainers & Losers
Gainers (%) Losers (%)
BPCL 3.59 NMDC -4.44
RELIANCE 2.17 PNB -3.60
BOSCHLTD 2.15 TATASTEEL -2.88
TECHM 2.11 LUPIN -2.62
WIPRO 1.94 VEDL -2.28
NSE Turnover (Rs Cr)
Equity F&O
For the Day 15660.88 191092.73
Monthly Average 16971.73 209368.49
Nifty pares early losses on short covering
Daily Wrap-up
Note: Figures updated as on 4.00 pm (IST) || Sources: NSE, BSE, Bloomberg & Karvy Research || Leading Business News papers & Websites
.
`
Buzzing Stocks
 Eicher Motors dipped by 7% after reports suggest that
Volvo sold the remaining 3.7% stake in Eicher Motors for
$278 million. Volvo has offered approximately 1 million
shares in a price band of Rs 17,190-18,190 in an open
market sale.
 Adani Ports soared by 6% after RBI allowed foreign
investors to invest up to 40% of the paid-up capital in the
company.
 Bank of India falls by 5% after S&P affirmed the rating of the
bank to ‘BBB-/A-3’. The rating agency expects Bank of
India’s asset quality to remain under pressure over the next
12 months, and has therefore, lowered the bank’s SACP to
‘bb+’ from ‘bbb-’.
 Tata Steel slumped by 4% after UK trade union voted in
favor of a strike against the company over a pension
scheme.
Exchange Rates
Symbol LTP % Change
USD / INR 64.24 +0.12
EURO / USD 1.1362 +0.77
USD / JPY 124.08 -0.14
Indian Economic Indicators
Indicator Rates (%)
IIP (March) 2.10
Inflation (April) -2.65
GDP (Q2) 7.50
CRR 4.00
SLR 21.50
Repo Rate 7.25
Reverse Repo 6.25
Volume Shockers
Symbol Volume
Last 1 week
Avg Volume
%
Chg
PFIZER 73462 13439 446.60
SADBHAV 1026608 216147 375.00
VADILALIND 289355 63990 352.20
ADLABS 185967 42912 333.40
HINDCOPPWE 527530 124930 322.30
TEXINFRA 207455 52427 295.70
TORNTPHARMA 523287 135542 286.10
IIFL 148857 42317 251.80
ABGSHIP 659376 192675 242.20
EICHER 331373 103073 221.50
Total Traded
Quantity
% Change
*(Dec 29 2011) Source: NSEINDIA
Domestic
12 June : CPI (YoY).
International
05 June : Unemployment Data (US).
Commodities
Commodity LTP (USD) % Change
Crude / bbl 63.94 +0.22
Gold / Oz 1182.70 -0.19
Silver / Oz 16.42 -0.36
LTP: Last traded price
Event Tracker
For more Market updates & Stock Research,
Visit www.karvyonline.com
Daily Wrap-up
Note: Figures updated as on 4.00 pm (IST) || Sources: NSE, BSE, Bloomberg & Karvy Research || Leading Business News papers & Websites
KARVY RESEARCH DESK – STOCK BROKING
JK Jain Head Research
QUERIES & FEEDBACK
Toll-Free: 1800 425 8283 Email ID: service@karvy.com
Karvy Stock Broking Limited
“Karvy Centre”, Avenue-4, 2nd Floor, Road No: 10, Banjara Hills, Hyderabad – 500 034. India.
Tel: 91-40-23312454; Fax: 91-40-23311968
Disclaimer:
The views represented here are based purely on Technical studies/analysis and can be at odds with our Fundamental views/analysis.
The information and views expressed and presented in this report are prepared by Karvy Stock Broking Limited (Karvy). The information contained
herein is based on our analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof.
This material is for personal information only and we are not responsible for any loss incurred based upon any action/trade(s) there upon.
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 Karvy nor any person connected with any associated
companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document.
The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above-mentioned companies from time to
time. Every employee of Karvy and its associated companies are required to disclose their individual stock holdings and details of trades, if any, that
they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other
securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further
restricted to place orders only through Karvy Stock Broking Ltd. The report is intended for a restricted audience and we are not soliciting any action
based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any
securities, or any options, futures nor other derivatives related to such securities.
Karvy Stock Broking Ltd. does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the
firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in
making their investment decision.

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Karvy

  • 1. Daily Wrap-up June 04, 2015 Research Desk – Stock Broking Note: Figures updated as on 4.00 pm (IST) || Sources: NSE, BSE, Bloomberg & Karvy Research || Leading Business News papers & Websites ++.. S -+++ Index Watch Index Levels Change % Change S&P BSE SENSEX 26813.42 -23.78 -0.09 NIFTY 8130.65 -4.45 -0.05 BANKNIFTY 17719.20 -2.20 -0.01 INDIAVIX 18.12 0.62 3.53 S&P BSE MidCap 10347.45 17.99 0.17 S&P BSE SmallCap 10823.73 -4.45 -0.04 S&P BSE AUTO 18207.68 -128.68 -0.7 S&P BSE CG 16676.38 97.59 0.59 S&P BSE CD 10223.94 -77.35 -0.75 S&P BSE FMCG 7415.02 -24.18 -0.33 S&P BSE IT 10792.03 21.69 0.20 S&P BSE METAL 9293.52 -104.43 -1.11 S&P BSE OIL & GAS 9466.72 49.58 0.53 S&P BSE POWER 2007.91 2.57 0.13 S&P BSE REALTY 1430.88 11.64 0.82 *CD-Consumer Durables || CG- Capital Goods. Markets closed today on flat note amid sluggishness. Short covering at lower levels in index heavy weights has capped the downside. Nifty closed at 8130.65, down by 4.45 points or 0.05%. On sectoral front, Realty, Energy, Finance, and Media stocks are the major gainers for the day. Whereas Metals, Auto, PSU banks, Pharma, FMCG stocks were the major losers. On stock specific front, BPCL, RELIANCE, BOSCHLTD, TECHM and WIPRO were the top gainers of the day, while NMDC, PNB, TATASTEEL, LUPIN and VEDL were the top losing stocks of the day. Advance and Decline ratio of the Nifty was 24:26. On the global front, Asian markets closed mostly in green taking cues from US markets overnight. Chinese markets traded with extreme volatility with news on tightening of rules of margin financing by brokers. While writing this, European markets are trading in red as bond yields spike. Nifty has immediate support around 8050-8060 levels and next support is at 7990-8000, immediate resistance around 8160-8170 and next resistance is at 8240-8250. . News Onboard PFS raised around Rs.213.5 crore via NCDs: PFS has raised Rs.213.5 crore through issuance of non-convertible debentures which are redeemable over a period of 10 years. The NCDs will augment the long term resources of the company and will help in lowering the cost of funds. Suzlon rises on winning order from ReNew Power: Suzlon Group has won an order for 90.30 MW turnkey project from its existing customer, ReNew Power. Suzlon will install its S97 90m WTGs with rated capacity of 2.1MW at Ellutla site Ananthpur district, Andhra Pradesh. Aditya Birla Nuvo enters into JV agreement with MMI Holdings: Aditya Birla Nuvo Ltd has entered into definitive joint venture agreements with MMI Holdings Ltd., to enter into the health insurance and wellness business in India. As per the agreements, ABNL will hold 51% share in the joint venture company named Aditya Birla Health Insurance Co., subject to the regulatory approvals. Advance / Decline Indices Advances Declines Nifty 24 26 NSE 693 763 , 2012) Source: NSE/BSE Nifty: Top Gainers & Losers Gainers (%) Losers (%) BPCL 3.59 NMDC -4.44 RELIANCE 2.17 PNB -3.60 BOSCHLTD 2.15 TATASTEEL -2.88 TECHM 2.11 LUPIN -2.62 WIPRO 1.94 VEDL -2.28 NSE Turnover (Rs Cr) Equity F&O For the Day 15660.88 191092.73 Monthly Average 16971.73 209368.49 Nifty pares early losses on short covering
  • 2. Daily Wrap-up Note: Figures updated as on 4.00 pm (IST) || Sources: NSE, BSE, Bloomberg & Karvy Research || Leading Business News papers & Websites . ` Buzzing Stocks  Eicher Motors dipped by 7% after reports suggest that Volvo sold the remaining 3.7% stake in Eicher Motors for $278 million. Volvo has offered approximately 1 million shares in a price band of Rs 17,190-18,190 in an open market sale.  Adani Ports soared by 6% after RBI allowed foreign investors to invest up to 40% of the paid-up capital in the company.  Bank of India falls by 5% after S&P affirmed the rating of the bank to ‘BBB-/A-3’. The rating agency expects Bank of India’s asset quality to remain under pressure over the next 12 months, and has therefore, lowered the bank’s SACP to ‘bb+’ from ‘bbb-’.  Tata Steel slumped by 4% after UK trade union voted in favor of a strike against the company over a pension scheme. Exchange Rates Symbol LTP % Change USD / INR 64.24 +0.12 EURO / USD 1.1362 +0.77 USD / JPY 124.08 -0.14 Indian Economic Indicators Indicator Rates (%) IIP (March) 2.10 Inflation (April) -2.65 GDP (Q2) 7.50 CRR 4.00 SLR 21.50 Repo Rate 7.25 Reverse Repo 6.25 Volume Shockers Symbol Volume Last 1 week Avg Volume % Chg PFIZER 73462 13439 446.60 SADBHAV 1026608 216147 375.00 VADILALIND 289355 63990 352.20 ADLABS 185967 42912 333.40 HINDCOPPWE 527530 124930 322.30 TEXINFRA 207455 52427 295.70 TORNTPHARMA 523287 135542 286.10 IIFL 148857 42317 251.80 ABGSHIP 659376 192675 242.20 EICHER 331373 103073 221.50 Total Traded Quantity % Change *(Dec 29 2011) Source: NSEINDIA Domestic 12 June : CPI (YoY). International 05 June : Unemployment Data (US). Commodities Commodity LTP (USD) % Change Crude / bbl 63.94 +0.22 Gold / Oz 1182.70 -0.19 Silver / Oz 16.42 -0.36 LTP: Last traded price Event Tracker For more Market updates & Stock Research, Visit www.karvyonline.com
  • 3. Daily Wrap-up Note: Figures updated as on 4.00 pm (IST) || Sources: NSE, BSE, Bloomberg & Karvy Research || Leading Business News papers & Websites KARVY RESEARCH DESK – STOCK BROKING JK Jain Head Research QUERIES & FEEDBACK Toll-Free: 1800 425 8283 Email ID: service@karvy.com Karvy Stock Broking Limited “Karvy Centre”, Avenue-4, 2nd Floor, Road No: 10, Banjara Hills, Hyderabad – 500 034. India. Tel: 91-40-23312454; Fax: 91-40-23311968 Disclaimer: The views represented here are based purely on Technical studies/analysis and can be at odds with our Fundamental views/analysis. The information and views expressed and presented in this report are prepared by Karvy Stock Broking Limited (Karvy). The information contained herein is based on our analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information only and we are not responsible for any loss incurred based upon any action/trade(s) there upon. 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 Karvy nor any person connected with any associated companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above-mentioned companies from time to time. Every employee of Karvy and its associated companies are required to disclose their individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Stock Broking Ltd. The report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures nor other derivatives related to such securities. Karvy Stock Broking Ltd. does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.