Alliance Research -- Nifty below 8550, Sensex skids 234pts; Sun Pharma dips 15%

Infosys was star of the day with 11 percent gains at end. Bharti, Wipro, Bajaj Auto and Hero MotoCorp are top gainers. Sun Pharma tanks 15 percent while Lupin, Vedanta, ONGC and Tata Steel were among major laggards.

After a choppy day, the market ended with heavy losses. The Sensex was down 237.98 points or 0.8 percent at 28182.14, and the Nifty slipped 74 points or 0.9 percent at 8529.45. About 966 shares advanced, 1863 shares declined, and 138 shares were unchanged. 
Infosys was star of the day with 11 percent gains at end. Bharti, Wipro, Bajaj Auto and Hero MotoCorp are top gainers. Sun Pharma tanks 15 percent while Lupin, Vedanta, ONGC and Tata Steel were among major laggards.
The Sensex fell 254.60 points or 0.90 percent to 28165.52 and the Nifty dropped 72.70 points or 0.85 percent to 8530.75. About 908 shares have advanced, 1857 shares declined, and 139 shares are unchanged on the BSE. 
FMCG major Hindustan Unilever (HUL) disappointed street on Tuesday with the June quarter net profit growing 0.2 percent year-on-year to Rs 1,059 crore. The growth was impacted by one-time profit on sale of investments in the base quarter, higher tax rate and lower other income. Total income from operations grew by 5 percent to Rs 8,105 crore in the quarter ended June compared to Rs 7,716.34 crore in the same quarter last year. Other income nearly halved to Rs 108.61 crore from Rs 202.11 crore during the same period. The bottomline and topline was lower than analyst estimates, volume growth was in line and operational performance beat expectations. According to a CNBC-TV18 poll, profit was estimated at Rs 1,110 crore on revenue of Rs 8,323 crore for the quarter. "The growth in the quarter was impacted by the phasing out of excise duty incentives and price de-growth, as the benefit of lower commodity costs was passed on to consumers," said the company in its filing. During the quarter, the domestic consumer business grew 5 percent, with 6 percent underlying volume growth (against forecast of 5-7 percent range and 5 percent reported in the year-ago period). Operating profit grew by 14.35 percent year-on-year to Rs 1,506 crore and margin expanded by 150 basis points to 18.6 percent in first quarter of FY16, which were ahead of estimates of Rs 1,495 crore and 17.9 percent, respectively. Harish Manwani, Chairman said in a subdued market environment, the business delivered another quarter of healthy volume led growth and strong improvement in operating margin.The market is sinking in red after HUL posted disappointing April-June quarter results. The FMCG’s net profit grew 0.2 percent year-on-year to Rs 1,059 crore with 6 percent underlying volume growth. The stock is down 2 percent. The Sensex is down 66.10 points at 28354.02 and the Nifty is down 23.25 points at 8580.20. About 1064 shares have advanced, 1654 shares declined, and 141 shares are unchanged. Infosys, Bharti, Wipro, BHEL and Bajaj Auto are top gainers while Sun Pharma, Lupin, Vedanta, Tata Steel and Cipla. Gold stabilised holding just above a five-year low, but with investors still clinging to views of further price falls a day after the metal lost 4 percent. Reflecting losing interest in gold, holdings in top gold fund SPDR Gold Trust fell to the lowest since 2008. Bullion, after falling on Monday by the most since September 2013, is trading just above the critical USD 1,100 an ounce support level, another breach of which could lead to another selloff, traders and analysts say.

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Sensex, Nifty in red; Sun Pharma sinks 14%, Infosys up 7% -- 21 July 2015

The market has slipped into red. The Sensex is down 51.61 points at 28368.51, and the Nifty is down 13.40 points at 8590.05. About 695 shares have advanced, 574 shares declined, and 90 shares are unchanged. Sun Pharma is down 14 percent while Vedanta, Tata Motors, ONGC and Axis Bank are major losers in the Sensex. Infosys is still up 5 percent, Bharti, Coal India, Wipro and HDFC are top gainers.

The market has opened in green territory. The Sensex is up 53.50 points at 28473.62, and the Nifty is up 20.65 points at 8624.10. About 538 shares have advanced, 201 shares declined, and 85 shares are unchanged. Infosys is up 8 percent after it announced stellar Q1 earnings. Sun Pharma is down 14 percent after it issued earnings warnings. Bharti, Wipro, HDFC and TCS are other top gainers in the Sensex. Among the losers are Vedanta, Lupin, Axis Bank and Tata Steel. The Indian rupee has opened lower at 63.70 per dollar against previous day's closing value of 63.66 a dollar. Ashutosh Raina of HDFC Bank said, "The somewhat stable situation in Greece and chances of a Fed rate hike sent dollar soaring with Gold hitting a 5-year low." The dollar reached its highest in three months against a basket of currencies on a rise in US bond yields as traders built bets the Federal Reserve would raise interest rates later this year. Wall Street finished little changed on Monday as a better-than-expected start to corporate earnings season boosted investor confidence, but gains were curbed by a drop in commodities. Gold prices plunged to their lowest in more than five years while copper prices hit their lowest in nearly two weeks. Oil prices fell on signs of a growing glut in refined products to pull the S&P energy index down 1.3 percent. Asian stocks traded mixed early Tuesday, as traders kept a wary eye on the drop in commodity prices.

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Nifty nears 8650; Infosys gains 8%, Sun Pharma falls 14% -- 21 July 2015

Infosys is up 8 percent after it announced stellar Q1 earnings. Sun Pharma is down 14 percent after it issued earnings warnings.

         

The market has opened in green territory. The Sensex is up 53.50 points at 28473.62, and the Nifty is up 20.65 points at 8624.10. About 538 shares have advanced, 201 shares declined, and 85 shares are unchanged. Infosys is up 8 percent after it announced stellar Q1 earnings. Sun Pharma is down 14 percent after it issued earnings warnings. Bharti, Wipro, HDFC and TCS are other top gainers in the Sensex. Among the losers are Vedanta, Lupin, Axis Bank and Tata Steel.
The Indian rupee has opened lower at 63.70 per dollar against previous day's closing value of 63.66 a dollar. Ashutosh Raina of HDFC Bank said, "The somewhat stable situation in Greece and chances of a Fed rate hike sent dollar soaring with Gold hitting a 5-year low." The dollar reached its highest in three months against a basket of currencies on a rise in US bond yields as traders built bets the Federal Reserve would raise interest rates later this year.

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Alliance Research -- Sensex, Nifty see profit taking; M&M, Bharti, Dr Reddy's up 20 July 2015

ICICI Bank, HDFC, Axis Bank, State Bank of India, Tata Motors, HUL, BHEL, Coal India and Vedanta dropped 1-2 percent. However, Mahindra & Mahindra, Bharti Airtel, Dr Reddy's Labs and Hindalco Industries gained 1 percent each.

Shares of Spicejet today surged over 5 percent amid reports that two Gulf airlines have approached the company for buying a stake in the domestic firm. Following the buzz, the stock rose by 5.22 percent to Rs 23.15 on BSE. According to media reports, two big Gulf airlines have approached Ajay Singh-promoted SpiceJet for buying a stake in the airline.
The market remained in a negative terrain with the Nifty struggling below 8600, dragged banking & financials, FMCG and capital goods stocks. The broader markets continued to outperform benchmarks marginally and the market breadth remained in favour of advances with the ratio of 1339:1187. The Sensex declined 132.07 points to 28331.24 and the Nifty fell 43.40 points to 8566.45. ICICI Bank, HDFC, Axis Bank, State Bank of India, Tata Motors, HUL, BHEL, Coal India and Vedanta dropped 1-2 percent. However, Mahindra & Mahindra, Bharti Airtel, Dr Reddy’s Labs and Hindalco Industries gained 1 percent each. Oil prices edged lower today as data showed Saudi Arabian exports fell to the lowest in five months despite record output, while a resurgence in US drilling activity seen earlier this month seemed to fizzle out. Both international and US crude futures posted their third consecutive weekly losses last week on expectations of increased exports from Iran following a deal to ease sanctions against the OPEC producer. Brent September crude declined 0.16 percent to USD 57.01 a barrel.
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Sensex, Nifty under pressure; Infosys, Axis Bank, BHEL fall-- 20 July 2015

The market remained marginally under pressure, dragged by banking & financials. The Sensex declined 46.91 points to 28416.40 and the Nifty fell 21.10 points to 8588.75. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.2 percent.

About 1141 shares have advanced, 718 shares declined, and 97 shares are unchanged on the Bombay Stock Exchange. Infosys, HDFC, ITC, Axis Bank, Tata Motors, SBI, BHEL and ICICI Bank dropped 0.2-1 percent. ACC fell 2 percent, reacting negatively to its quarterly numbers released on Friday evening with EBIDTA per tonne down 28 percent Y-o-Y and 36 percent Q-o-Q. CLSA has cut CY15-17 estimates by 10-16 percent but continue to believe that the worst is over for the sector. UltraTech Cement also declined nearly 2 percent ahead of earnings today. Federal Bank crashed 7 percent as the bank reported a 35 percent fall in profits Y-o-Y with provisions up over 5 times Y-o-Y. Gross non-performing assets worsened 55 basis points Q-o-Q primarily due to one account of over Rs 100 crore from the steel sector slipping. Karnataka Bank also lost nearly 6 percent as profit in Q1 fell by 10 percent. Oberoi Realty and CRISIL gained 1.5 percent each while CARE Ratings fell 3 percent post earnings.

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Sensex weak, Nifty below 8600; ACC, UltraTech, HDFC drag - 20 July 2015

UltraTech Cement's standalone profit after tax is expected to fall 12 percent year-on-year to Rs 549 crore in the quarter ended June, according to a CNBC-TV18 poll. Higher interest and depreciation cost associated with acquisition of Jaiprakash Associates’ Gujarat plants may impact the bottomline. The company will announce its earnings on July 20. Total income from operations is seen rising 7 percent to Rs 6,088 crore in the first quarter of financial year 2015-16 from Rs 5,692 crore in the year-ago period led by capacity growth. Total volumes are expected to inch up nearly 3 percent to 12.3 million tonnes, supported by new capacity addition and acquired assets. Operating profit may increase by 1 percent year-on-year to Rs 1,062 crore but margin may decline 110 basis points to 17.4 percent in the quarter gone by. Analysts feel weak pricing environment and lower international coal prices (against higher railway freight costs) may impact operating profit margin.

Anand Kumar of Bank of America Merrill Lynch said benign crude prices would be a positive for India. He thinks a further decline could lead to a small rally in the Indian equity markets despite the near-term concerns of earnings and valuations. Lower crude prices on the back of this higher supply should help Indian economy as it helps in managing the twin deficit as well as inflation and strengthens the case for rate cuts, he believes. According to him, key beneficiaries of lower crude prices will be HPCL, Asian Paints, Jubilant, SBI, ICICI Bank, Adani Ports.
The market has opened marginally higher in early trade Monday led by private banks, auto and pharma stocks. However, it immediately erased gains to trade with losses. The Sensex declined 83.37 points to 28379.94 and the Nifty fell 34.40 points to 8575.45. About 495 shares have advanced, 159 shares declined, and 75 shares are unchanged on the BSE. Cipla, Hero Motocorp, Bajaj Auto, HDFC Bank, BPCL, NMDC and Idea Cellular gained 0.5-1 percent while ACC, UltraTechCement, Tata Power, Ambuja Cements and HDFC lost 1-3 percent. Analysts suggest that in the near term, equities will take cues from the ongoing earnings season as well as the monsoon Parliament, which opens tomorrow. The Indian rupee has opened with a marginal loss of 8 paise at 63.55 per dollar today against Friday's closing value of 63.47 a dollar. Agam Gupta of Standard Chartered said, "We expect local government banks to provide a floor to the pair as they buy dollars around 63.45 levels." "We expect the USD-INR pair to trade in the range of 63.40-63.60/dollar for the day," he added. Asian markets are moving broadly higher, though Japan and Indonesia are closed for public holidays. Dollar hit a three-month high against a basket of major currencies after solid US inflation and housing data supported expectations for the Federal Reserve to raise interest rates in coming months.

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Alliance Research -- Sensex, Nifty flat; HUL, Coal India, Axis major laggards

The market is absolutely flat as the Sensex is up 9.32 points at 28455.44, and the Nifty down 1.20 points at 8606.85. About 1231 shares have advanced, 1022 shares declined, and 142 shares are unchanged.

The market is absolutely flat as the Sensex is up 9.32 points at 28455.44, and the Nifty down 1.20 points at 8606.85. About 1231 shares have advanced, 1022 shares declined, and 142 shares are unchanged. BHEL, Tata Steel, Sun Pharma, Bharti Airtel and Hindalco are top gainers in the Sensex. Among the losers are HDFC, Coal India, HUL, Axis Bank and Tata Motors. Oil prices edged up but further gains are unlikely, analysts said, owing to ongoing concerns about a global supply glut, while increasing dollar strength will also likely weigh on the downside. Crude investors continue to fret as the global economy struggles to get back up to speed, despite a strong pick-up in the United States, the world's biggest oil consumer. While fears over the Greek debt crisis abate, prices took a hit this week after crude-rich Iran and world powers agreed a historic deal to check the country's nuclear ambitions, which in turn eases crippling sanctions on its crucial oil exports.

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