Opening Bell: Market Outlook Today's Highlights
Opening Bell: Market Outlook Today's Highlights
Opening Bell: Market Outlook Today's Highlights
Market Outlook
Indian markets are expected to remain volatile on weak global cues.
Investors should exercise caution while investing as volatility may
remain high over the next few sessions.
Todays Highlights
India WPI YoY
32000
8600
31000
30000
8400
29000
8200
28000
Key Developments
BSE (RHS)
IIP for October 2014 recorded a sharp decline of 4.2% YoY much
lower than Street expectation, led by a sharp contraction in
manufacturing wherein output declined 7.6% during same month.
However, mining and electricity recorded healthy growth of 5.2%
and 13.3% during October 2014. Under the use based category,
output of basic goods increased 5.8% with the healthy growth in
output of mining and electricity. Consumer goods continued to
decline and recorded their sharpest decline of 18.6% led by 35.2%
decline in production of consumer durable. On the other hand,
capital goods and intermediate goods production declined 2.3% and
3.1%, respectively. The cumulative growth for April-October 2014
came in at 1.9% YoY
Ministry of Railways plans to raise charges for container operators in
two phases instead of one sharp hike. The hike will be slashed by
33% in February next year. Subsequently from March 1 the entire
hike will be implemented
Infosys has appointed Andrew Groth as its new head for Australia
and New-Zealand to capture opportunities in existing clients across
education, manufacturing and mining sectors in the digital space
Sensex
Nifty
12-Dec
10-Dec
8-Dec
4-Dec
2-Dec
28-Nov
26-Nov
24-Nov
27000
20-Nov
8000
18-Nov
Markets Yesterday
Domestic markets closed negative after a volatile day of trade
partially due to weakness in domestic currency amid caution ahead
of major macro data that was released after market hours on Friday
US markets closed negative due to a sharp decline in oil prices amid
concern about oil demand after the International Energy Agency cut
its outlook for 2015 global oil demand growth
NSE (LHS)
Institutional Activity
FII (| cr)
DII (| cr)
CY12
127,034
-55,635
Germany
9,595
4.2%
NSE
8,224
-1.9%
Nikkei
17,144
1.0%
Kospi
1,911
-2.3%
Nasdaq
4,654
-0.5%
BSE
27,351
-2.4%
France
4,109
-1.7%
U.K.
6,301
-4.7%
2,846.6
Sun
Pharma
843.4
Asian
Paints
774.3
ACC
Cipla
Wipro
M&M
Bajaj
Auto
JSPL
Sesa
Sterlite
3.4%
1.0%
0.6%
1,430.0
0.1%
640.9
-0.2%
543.2
-0.6%
1,251.4
-1.2%
2,521.4
-1.6%
140.5
-2.2%
215.9
-2.7%
Bharti
Airtel
NMDC
348.0
1.4%
139.1
1.0%
Hero
Moto
3,124.9
Kotak
Bank
1,247.3
NTPC
0.3%
0.1%
133.0
-0.4%
Tata
Motors
500.0
Bank of
Baroda
1,059.7
TCS
DLF
ONGC
-0.8%
-1.3%
2,450.7
-1.7%
152.1
-2.5%
337.1
-3.5%
Ambuja
Cement
Infosys
HUL
225.8
1.2%
1,938.7
0.9%
797.8
0.2%
Grasim
Ind
3,360.7
ICICI
Bank
346.3
Power
Grid
134.8
Hindalco
L&T
HCL Tech
Cairn
India
0.0%
-0.5%
-0.8%
153.6
-1.3%
1,511.0
-1.8%
1,512.5
-2.5%
242.1
-3.5%
Maruti
Lupin
Coal India
HDFC
Bank
PNB
SBI
Axis Bank
IDFC
BHEL
Tata Steel
3,379.3
1.1%
1,449.9
0.9%
364.4
0.2%
931.5
-0.2%
1,096.2
-0.5%
311.4
-0.9%
483.4
-1.4%
155.8
-2.1%
247.4
-2.6%
402.7
-3.8%
Ultratech
BPCL
Indusind
Bank
ITC
Tata
power
Tech M.
Dr Reddy
HDFC Ltd
RIL
GAIL
2,511.5
1.1%
667.6
0.7%
778.7
0.1%
395.7
-0.2%
84.3
-0.5%
2,588.6
-1.2%
3,377.8
-1.5%
1,069.5
-2.1%
882.4
-2.6%
424.3
-4.4%
Markets Today
Close Previous
Commodities
Gold (|/10 gm)
Silver (|/kg)
Crude ($/barrel)
Copper ($/tonne)
Currency
USD/INR
EUR/USD
USD/YEN
ADRs
HDFC Bank
ICICI Bank
Tata Motors
Infosys
Dr Reddys Labs
27,169
37,948
61.9
6542.3
27,209
37,825
61.9
6517.5
-0.1
0.3
0.1
0.4
3.4
6.4
-11.7
2.0
-1.3
-12.6
-44.1
-11.3
62.30
1.25
118.75
62.35
1.25
118.75
-0.1
-0.1
0.0
-0.4
0.0
-0.1
-0.8
-9.4
-11.3
49.8
11.6
42.6
31.3
53.9
50.1
11.8
43.6
31.7
54.6
-0.7
-1.9
-2.2
-1.2
-1.2
-4.0
NA
-9.1
-6.9
-4.5
44.5
NA
38.3
10.5
31.4
Sectoral Index
Sector
Close
Previous
Change
% Change
Volume
18674.5
18761.4
-86.9
-0.5
955000
Banks
20975.2
21089.2
-114.0
-0.5
4379000
11068.5
11236.5
-168.1
-1.5
77978000
Capital Goods
15226.1
15537.0
-310.9
-2.0
10603000
9566.2
9789.8
-223.7
-2.3
438000
FMCG
3,307
16,409
2,976
16,361
8-Dec
3,041
15,513
5-Dec
9-Dec
10-Dec
11-Dec
12-Dec
BSE Cash
NSE Cash
5-Dec
8-Dec
9-Dec
10-Dec
242,100
100000
283,719
200000
203,090
300000
11-Dec
12-Dec
NSE Derivative
Auto
Consumer Durables
25000
20000
15000
10000
5000
0
3,040
16,149
Prior Values
4,757.51bln IN
-7.8bln mo
-314.66bln $
5.70%
4.50%
39.4bln $
2.50%
2.50%
-34.6bln $
13.35bln $
2.70%
0.40%
1.77%
2.43%
4.00%
8.00%
7.00%
244,844
Latest Values
10.1bln mo
5.30%
4.70%
-4.20%
-7.60%
38.6bln $
4.00%
8.00%
7.00%
3,166
22,771
Release Date
31-Dec
03~08Dec
10~18Dec
19-Dec
28-Nov
30-May
10~18Dec
12-Dec
12-Dec
03~08Dec
10~18Dec
15-Dec
15-Dec
15-Dec
15-Dec
2-Dec
2-Dec
2-Dec
206,425
Period
Nov
Q3
Nov
w/e
Q2
12M
Nov
Oct
Oct
Q3
Nov
Nov
Nov
Nov
Nov
N/A
N/A
N/A
3,623
17,152
128,610
8117.1
8125.1
-8.0
-0.1
700000
Healthcare
14946.4
14918.7
27.7
0.2
1254000
IT
10296.8
10339.6
-42.9
-0.4
1738000
Metals
10577.3
10732.6
-155.3
-1.4
5338000
Mid Cap
10108.6
10239.7
-131.1
-1.3
92455000
9800.1
10065.1
-265.0
-2.6
2649000
Power
2011.4
2040.6
-29.1
-1.4
8527000
PSU
7978.9
8101.0
-122.2
-1.5
15065000
Real Estate
1590.4
1630.6
-40.2
-2.5
10725000
FMCG
Banks
Auto
Healthcare
Mid Cap
BSE Small Cap
Consumer
PSU
Capital Goods
Real Estate
IT
Power
Metals
Oil & Gas
-15.0
4.6
4.3
0.3
0.0
-0.2
-1.0
-2.2
-2.7
-3.6
-3.9
-4.3
-5.2
-5.6
-10.1
-10.0
-5.0
0.0
5.0
10.0
(%)
Company/Industry
Tata Motors
News
Jaguar Land rover sales volumes for November
2014 came in at 41,318 (modest growth of 2%
YoY). Land rover sales came in at 35,134 units
(growth of 4% YoY) while Jaguar came in at
6,184 (decline of 12% YoY)
View
The monthly sales volumes have come
in line with our expectations. The
positive highlight of the month is that
sales momentum in the Chinese market
seems to be strong even as
US/European markets are modest
TCS
Impact
Sensex Chart
Technical Outlook
Pivot Points
Index/Stocks
Close
27350.68
8224.10
1429.95
444.25
43.65
1662.40
125.35
87.75
1145.00
222.20
266.00
49.05
774.30
1156.70
2521.35
1059.65
284.15
1278.40
SENSEX
NIFTY
ACC
ADANI ENTER.
ADANI POWER
ADITYA BIRLA
ALLAHABAD BANK
ANDHRA BANK
APOLLO HOSPITALS
APOLLO TYRES
ARVIND
ASHOK LEYLAND
ASIAN PAINTS
AUROBINDO PHARMA
BAJAJ AUTO
BOB
BOI
BATA INDIA
S1
27216.40
8186.30
1430.30
444.50
43.15
1643.15
123.05
86.55
1138.05
215.75
261.75
48.10
775.40
1153.90
2496.90
1043.50
278.75
1262.55
S2
27143.45
8165.50
1425.45
442.50
42.85
1630.40
121.55
85.30
1131.20
214.35
258.45
47.70
771.60
1144.55
2483.90
1033.15
275.45
1250.10
R1
27402.50
8239.10
1440.05
448.50
43.85
1669.00
126.15
88.15
1151.85
222.50
267.65
49.40
783.10
1172.60
2528.05
1061.80
286.35
1286.30
R2
27495.60
8265.50
1446.00
452.45
44.20
1681.90
127.70
88.95
1158.75
225.85
270.60
50.05
789.60
1179.45
2543.60
1070.95
290.10
1298.20
15
30
100.0
28
35
22
58
98
50
142
20
116
0.0
50.0
Call
Intraday
Short Term
Trend
Trend Reversal
Range bound
0
Range bound
0
Support
Resistance
20 Days EMA
200 days EMA
8260-8235
8325-8350
0
0
8180
8650
8395
7591
Advances / Declines
Advances
880
350
BSE
NSE
Declines
2042
1167
50.0
Nifty
76
84
86
82
70
Trend
-ve
-ve
+ve
+ve
-ve
-ve
-ve
-ve
Neutral
-ve
-ve
-ve
+ve
+ve
-ve
-ve
-ve
-ve
100.0
Put
150.0
200.0
Unchanged
94
60
Results/Events Calendar
24
November
Monday
01
December
Monday
08
December
Monday
15
December
Monday
22
0
0
0
0
0
December
Monday
25
Tuesday
02
17
Tuesday
24
Tuesday
UK GDP YoY
UK Current Account Balance
US GDP Annualised QoQ
0
0
0
0
0
0
0
Event
CountryPeriod Expected Previous
Wholesale Prices YoY
IN
Nov
1.10%
1.77%
Industrial Production MoM
US
Nov
0.70% -0.10%
Manufacturing (SIC) Production US
Nov
0.70%
0.20%
Dec P
49.8
50.0
HSBC China Manufacturing PMI CH
Markit Eurozone Manufacturing EC
Dec P
50.6
50.1
Nov
1.20%
1.30%
CPI YoY
UK
Markit US Manufacturing PMI US
Dec P
56.0
54.8
Trade Balance
JN
Nov
-992.0B -710.0B
CPI YoY
EC
Nov F
0.30%
-CPI YoY
US
Nov
1.50%
1.70%
Current Account Balance
US
3Q
-$97.5B -$98.5B
Initial Jobless Claims
US
13-Dec
-294K
Continuing Claims
US
6-Dec
-2514K
Markit US Composite PMI
US
Dec P
-56.1
Markit US Services PMI
US
Dec P
-56.2
ECB Current Account SA
EC
Oct
-30.0B
Thursday
19
Thursday
Friday
26
December
Thursday
0
0
0
0
0
Friday
06
December
13
December
20
December
27
December
Saturday
Saturday
Saturday
0
0
0
0
0
December
Friday
Saturday
0
0
0
0
0
December
Friday
November
0
0
0
0
0
December
29
0
0
0
0
0
December
December
25
December
12
December
Wednesday
Friday
US Trade Balance
US Unemployment Rate
EC GDP SA YoY
0
0
18
December
US CPI YoY
Eurozone CPI YoY
US Current Account Balance
Japan Trade Balance
0
December
Thursday
Wednesday
05
December
11
December
November
0
0
0
0
0
Wednesday
December
23
10
Tuesday
Thursday
04
December
28
November
0
0
0
0
0
Wednesday
December
16
03
Tuesday
27
November
Wednesday
UK GDP YoY
Initial Jobless Claims (US)
Continuing Claims (US)
US New Home Sales
0
December
09
26
November
Saturday
0
0
0
0
0
Bulk Deals
Client Name
Type
No. of
shares Price (|)
Buy
Buy
49,200
34,800
NSE*
Havells India Limited
Sell
4,544,151
271.2
Sell
150,000
187.5
Company
BSE*
Looks Health Services
Rekvina Laboratories Ltd
Recent Releases
Date
Report
10 December 14
08 December 14
05 December 14
01 December 14
26 November 14
143.2
15.0
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Pankaj Pandey
Head Research
ICICIdirect.com Research Desk,
ICICI Securities Limited,
1st Floor, Akruti Trade Centre,
Road No 7, MIDC
Andheri (East)
Mumbai 400 093
[email protected]
Disclaimer
ANALYST CERTIFICATION
We /I, Pankaj Pandey Research Analysts, authors and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the
subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.