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Showing posts from July, 2017

HSBC says first-half profit rose 5%, announces up to $2 bn share buyback

Pretax revenue reached $10.2 billion within the six months through June, from $9.7 billion in the same duration a 12 months past, HSBC stated in a commentary. the outcome compared with the $9.5 billion average estimate of analysts polled by using the bank.HSBC Holdings PLC on Monday said profit rose 5 percent in the first half of the year, beating analyst estimates, and announced its third share buyback in the past year on the back of a growing capital base. Pretax revenue reached $10.2 billion in the six months via June, from $9.7 billion in the identical length a year  previous, HSBC said in a statement. the outcome when put next with the $9.5 billion reasonable estimate of analysts polled by using the bank. HSBC additionally announced an up to $2 billion share buyback, because it makes use of extra capital to offset the dilutive impact of shares paid out as dividends. It achieved a up to now introduced $1 billion buyback in April. Europe's greatest financial institution mentioned …

RBI policy a key trigger for Nifty to hold 10,000 subsequent week; improve viewed at 9,850

Looking on the options build of August sequence, ranges of 10,000 will stay necessary and sustainability above these ranges is important for to any extent further up move. in this scenario, some consolidation beneath 10000 levels is anticipated.
The open hobby in Nifty futures at 16.5 million shares is lowest seen considering January 2017 regardless of having some of the best roll spread for the reason that November 2016 suggesting closure of positions right through the agreement. The efficient top rate in Nifty is close to 44 points(except for dividend of 13 points within the August sequence) can also be on the upper facet primarily as a result of lack of quick rollover. Traditionally, excessive Nifty top class does now not bode neatly for the markets however looking at the lengthy sequence and Nifty buying and selling close to 10,000 levels, current top rate can’t be justified. Having a look at the options build of August sequence, levels of 10,000 will stay essential and sustainability…

Nifty to open hole down by way of 24 points at 9998: Dynamic levels

Nifty to open hole down by way of 24 factors at 9998 in opposition to the day gone by’s shut of 10022 as per SGX Nifty, says Dynamic levels. Market is expected to indicate revenue reserving The Indian Benchmark Index Nifty made new all time excessive of 10115, however the Index was no longer able to maintain the rally and closed at 10020. Nifty Index remained unstable on the final buying and selling day of July Expiry. The Index opened at 10063, virtually 40 factors above Wednesday’s shut and made a low of 10006. Bank Nifty made a brand new document excessive of 25032 and closed at 24922, the Index opened at 24858 and made a low of 24799. Small Cap Index used to be no longer in a position to provide recent breakout unlike Nifty and bank Nifty Index, it fell 133 points, the Index closed at 7754 after making a excessive of 7887.
Nifty to open hole down by way of 24 factors at 9998 towards the day gone by’s close of 10022 as per SGX Nifty at 9.00 am as of late.

Fed holds charges consistent, expects portfolio cuts 'slightly soon'

The Fed saved its benchmark lending price in a target vary of 1.00 percent to 1.25 p.c, as anticipated, and mentioned it was on track to proceed the gradual course of monetary tightening that has lifted rates by using a proportion level due to the fact 2015. The Federal Reserve kept interest rates unchanged on Wednesday and said it anticipated to start out winding down its huge holdings of bonds "slightly quickly" in an indication of confidence in the U.S. economy. The Fed kept its benchmark lending price in a goal range of 1.00 % to 1.25 %, as anticipated, and said it was once heading in the right direction to continue the gradual course of monetary tightening that has lifted rates by way of a percentage level seeing that 2015. In a remark following a two-day policy assembly, the U.S. central bank's fee-environment committee indicated the economy was rising quite and job positive factors had been stable. It additionally stated that each overall inflation and a measure of un…

Nifty likely to close above 10,000 in July series; 5 stocks which can give up to 14% return

There has been aggressive put writing in near strikes with 9900 strike holds the maximum put open interest indicating strong support zone. The Nifty is moving up and has been making new highs on regular basis with a decent addition in open interest (OI) which indicates the strength in the current trend. The Option writers were active last week as we have seen Put writing in 9900, 9800, 9700 strikes and unwinding in calls. The foreign institutional investors (FII’s) options data also indicates fresh buying in index calls (9900, 10000 strikes). Moreover, from derivative data, it is quite possible that Nifty may expire above 10,000 levels in the current series. As in the recent past, we have seen aggressive put writing in near strikes with 9900 strike holds the maximum put open interest indicating strong support zone. On Tuesday, Call writers were unwinding call short position which once again indicates the possibility of upside before expiry. On the technical front, 9920-9930 spot leve…

Axis bank Q1 revenue viewed down 20%; slippages from watchlist key to watch

Key issues to be careful for could be asset quality movement. on the end of March 2017, total quantity of loans below watchlist was Rs 11,232 crore (which money owed for 3 percent of whole mortgage book). Private sector lender Axis Bankis anticipated to record a 19.9 % degrowth in first quarter profit at Rs 1,245.3 crore 12 months-on-yr, in keeping with average of estimates of analysts polled by means of CNBC-TV18. outcomes shall be announced on July 25.Axis Bank Net interest income during the quarter is viewed rising 6.1 percent to Rs 4,791.8 crore when compared with Rs 4,516.9 crore in related quarter last fiscal, in line with average of estimates of analysts polled via CNBC-TV18. Key things to be careful for can be asset high quality motion. at the end of March 2017, total quantity of loans below watchlist was once Rs 11,232 crore (which bills for 3 percent of whole mortgage e-book). hence, slippages from watchlist shall be seen closely. Slippages from watchlist in this autumn have bee…

Sebi, RBI engage in turf war over Bitcoin regulation

The administration's proposition to control Bitcoin digital currency has started an administrative turf war amongst Securities and Exchange Board of India (Sebi) and Reserve Bank of India (RBI). As per sources, the national bank is of the feeling that bitcoin is a security as opposed to money and ought to be controlled by Sebi. The proposition has not run down well with the last which contradicts the recommendation. A week ago, the back service required a meeting of all partners to talk about the administrative system of the virtual money.

Wipro Q1 beats estimates but Q2 dollar revenue guidance disappoints; to buyback 7% equity

The company reported revenue of Rs 13,025.6 crore against a CNBC-TV18 poll of analysts who pegged this figure to be Rs 12,828 crore.IT administrations major Wipro on Thursday announced a fall of a little more than 8 percent fall quarter-on-quarter (QoQ) for April-June period at Rs 2,077 crore.
The organization detailed income of Rs 13,025.6 crore against a CNBC-TV18 survey of investigators who pegged this figure to be Rs 12,828 crore. The income before intrigue and tax assessment (EBIT) edge came in at 16.8 percent, higher than the gauge of 16.5 percent. The organization detailed a dollar income of USD 1971.7 million, a smidgen higher than the survey of USD 1,948 million.
The organization's direction, be that as it may, came in lower than what the Street had represented. It expects income from IT administrations business to be in the scope of USD 1962-2001. It likewise expects dollar income development for the second quarter to be in the scope of - 0.5-1.5 percent.
Wipro's bo…

HPCL tanks 5%, ONGC up 3% after Cabinet gives PSU oil giant nod to buy govt's stake in retailer

After the acquisition, ONGC will have exposure to exploration, production, refining and marketing of the fuel in both India and abroad.
HPCL fell forcefully by 5 percent however ONGC picked up about 3 percent in morning exchange Thursday after the Union Cabinet on Wednesday gave an on a basic level endorsement to the proposed obtaining of government's 51.1 percent stake in the oil showcasing organization by PSU oil monster.

After the obtaining, ONGC will have presentation to investigation, generation, refining and advertising of the fuel in the two India and abroad.
The stake deal will bring about HPCL turning into an ONGC backup however the capital market controller may absolved the last from making an open offer to purchase another 26 percent stake from the general population.
According to the standards of Securities and Exchange Board of India, an organization needs to make an open offer to purchase another 26 percent of the objective organization on the off chance that it pu…

Hindustan Unilever sees rural demand picking up on good monsoon

Besides, HUL is looking up to its trade partners to soon attain "normalcy" post GST and is working closely with them to restore it.
FMCG major Hindustan Unilever is expecting the rural demand to revive on good monsoon and loan waivers to farmers by some states. Besides, HUL is looking up to its trade partners to soon attain "normalcy" post GST and is working closely with them to restore it. "We are expecting rural demand to build back gradually and good monsoon would help in that direction. Rural demand has been on weaker side for last few quarters and we are hoping that with a good monsoon coming, it will turn," HUL Chief Financial Officer P B Balaji said. On the impact of GST on rural areas, he said: "Rural trade has more impact of GST in comparisons to the urban trade because they are taking time to understand it." Earlier, he said rural trade was growing faster than the urban but now it is almost growing at a similar level. "... the fa…

SBI Life gets ready for a big IPO this year, may raise Rs 8500-9000 cr

Once listed, this would be the second life insurer after ICICI Prudential Life Insurance to be listed on the stock exchanges.

SBI Life Insurance, which has filed the draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi), is likely to bring out the largest initial public offering (IPO) in the insurance space. Sources said that the insurer could raise as much as Rs 8500-9000 crore from the IPO.

Once listed, this would be the second life insurer after ICICI Pre
dential Life Insurance to be listed on the stock exchanges.

This includes an initial public offer of up to 120 million equity shares of face value of Rs 10 each through an offer for sale by State Bank of India and BNP Paribas Cardif where each will be selling up to 80 million equity shares and up to 40 million equity shares, respectively.

Further, it also includes a reservation of up to 2 million equity shares (constituting up to 0.2 percent of the post-offer paid-up share capital) for purchase by …

Markets could see major correction of up to 3-5% on Nifty in days

Indian markets continued to retain a buoyant flavor and present technical indicators do not hint at conditions that warrant caution.
The bullish upturn in the markets strengthened with the Nifty breaching the 9,700 mark last week. Fresh momentum was injected in the Indian indices with investors on the sidelines joining the rally and adding fuel to the euphoria. Indian markets continued to retain a buoyant flavor and present technical indicators do not hint at conditions that warrant caution. Though present positive fundamentals continue to spur a bull run in the markets, a sense of complacency has set in the system, as seen from the continuing low levels of India VIX. Taking into account an upsurge in market fundamentals, a target of 10,000 had been envisaged for this leg of the bull trend, a level at which the market completes a large upcycle. The importance of this number does not stem from the fact that it is a round number but indications from several technical studies like Ellio…

Correction in global markets soon; India better placed on good macros: Baring PE

Rahul Bhasin said that pharma has considerable value, though short term there could be disruption.
Sounding a caution on the global markets, Rahul Bhasin, Managing Partner at Baring Private Equity sees a real possibility of correction in these markets soon. In that context, where do Indian markets stand? Bhasin told CNBC-TV18 that the Indian market at an aggregate level is better placed as the macro economic scenario is better. He explained that in terms of per capita income, we are crossing USD 1800 and historically, nations which have reached at this point have seen significant growth points from here. Speaking on sectors, Bhasin believes that IT sector could face a challenge in sustaining its market capitalisation. Having said that, he mentioned how employment data in the US could show varying trends. For instance, the largest employer is retail and restaurants in the US. A close look at the data reveals that profitability of these sectors has declined. It includes part time employmen…

नतीजों के बाद नंबर 1 कौन - टीसीएस या इंफोसिस!

देश की दोनों बड़ी आईटी कंपनियों टीसीएस और इंफोसिस के नतीजे आ गए हैं। लेकिन इन दोनों में से किस पर दांव लगाना होगा फायदे का सौदा
जून तिमाही में टीसीएस की डॉलर आय ग्रोथ 3.1 फीसदी रही है, जबकि इंफोसिस की डॉलर आय ग्रोथ 3.2 फीसदी रही है। टीसीएस की स्थिर करेंसी ग्रोथ 2 फीसदी रही है, जबकि इंफोसिस की स्थिर करेंसी ग्रोथ 2.7 फीसदी रही थी। जून तिमाही में टीसीएस का एबिट मार्जिन 23.4 फीसदी रहा है, जबकि इंफोसिस का एबिट मार्जिन 24.1 फीसदी रहा है।
टीसीएस के नतीजों में खास ये रहा कि कंपनी को उत्तरी अमेरिका में बीएफएसआई में कोई बड़ी डील नहीं हासिल हुई है। वहीं इंफोसिस के लिए लगातार 6 तिमाही से प्रति कर्मचारी आय में बढ़त देखने को मिली है। गाइडेंस की बात करें तो टीसीएस के लिए वित्त वर्ष 2018 में डील पाइपलाइन बेहतर नजर आ रही है, जबकि इंफोसिस ने डॉलर आय गाइडेंस बढ़ाया है।

Refer by-Moneycontrol

Ensure all traders register under GST by August 15: PM to Chief Secretaries

During the meeting, the prime minister also reviewed the progress towards handling and resolution of grievances related to the Central Public Works Department (CPWD) and the Directorate of Estates and asked the Urban Development ministry to proactively monitor the same, with sensitivity, the statement said.
Prime Minister Narendra Modi today asked all chief secretaries to work expeditiously towards ensuring that all traders register under the GST regime before August 15, a PMO statement said. He conveyed this while chairing a meeting of Pro-Active Governance and Timely Implementation (PRAGATI), a multi-modal platform through which he interacts with top officials of state governments via tele-conferencing. GST was rolled out on July 1, ushering a new system of indirect taxes in the country. During the meeting, the prime minister also reviewed the progress towards handling and resolution of grievances related to the Central Public Works Department (CPWD) and the Directorate of Estates and a…

Market to be rangebound for 6-12 months; stay away from telecom: DSP BlackRock

The fund house believes that a big upside in indices from this point is difficult, but does not expect any major correction due to good macrosEven as the market soars to a new high everyday, there are experts who see the momentum slowing down. DSP BlackRock Investment Managers, for instance, believes that the market will now remain rangebound in the next 6-12 months. “In terms of valuations, we are at the upper level of it. Making a case now for a big upside from this point is difficult,” Atul Bhole, VP & Fund Manager, DSP BlackRock Invst Managers told CNBC-TV18. Having said that, Bhole does not expect a big correction in the market as macros have started to fall in place and interest rates have come down. So, how does one play this market? Bhole believes there is a lot of scope for stock-specific action. “If the stock selection is right in the large-cap space, there is good money to be made in 2-3 years,” he told the channel. Speaking of the sectoral action, he said, while he is ove…

US govt's delay on "startup visa" could hit Indian immigrants

The move is going to be detrimental to the Indian I-T sector
Following stricter regulations on work visa rules for the coveted H1-B visa, the United States Citizenship and Immigration Services announced a delay in the “startup” visa program on Monday in the US. An Economic Times report states that before the announcement of the delay, the visa program was given the nod by former US president Barack Obama, and was slated to be released on July 17 this year. The move is going to be detrimental to the Indian I-T sector. According to the visa guidelines, entrepreneurs can stay stateside with a renewable 30-month visa. Foreign nationals, who had begun ventures in the United States, were eligible for the visas if they received USD 100,000 in government grants or USD 250,000 in a venture capital investments. However, the United States Citizenship and Immigration Services said that the Obama-era regulation had no basis in law. Obama’s main intention with the policy was to retain bright minds…

Buy, Sell, Hold: 3 stocks and 2 sectors are being tracked by analysts today

Buy, Sell, Hold: 3 stocks and 2 sectors are being tracked by analysts today ITC, HDFC Bank and IT sector, among others are on the radar of investors today.

ITC

Brokerage: Nomura | Rating: Buy | Target: Rs 389

Nomura believes that most headwinds for ITC are out of the way and strong earnings revival is likely. It sees earnings CAGR of 17.6 percent over FY17-20 on the back of revenue CAGR of 14 percent. Further, it has raised FY19 earnings by 2 percent to incorporate changes with GST rollout.

HDFC Bank

Brokerage: CLSA | Rating: Buy | Target: Rs 2,000

CLSA highlighted that the bank was investing in artificial intelligence, automation and branch digitisation. Further, it added, that the digitisation investment should aid employee productivity. Moreover, growth in debit cards will be the key to CASA growth going ahead. With agri loans growing, the report highlighted that NPLs could see some pressure from farm loan waivers.

Tata Power

Brokerage: Ambit | Rating: Buy | Target: Rs 112

The broker…

Monsoon, earnings key for markets; 4 stocks which can give up to 29% return in 6 month

Any dips will provide a good opportunity to enter into quality midcaps and frontlines with strong quarterly earnings.
The Nifty formed an inside day pattern as it remained confined within previous session's high/low range on Wednesday. The lack of follow through below Tuesday’s bear candle signals continuance of sideways consolidation amid the stock specific action.
The index has so far retraced about 80 percent of its preceding six session's corrective decline 9,698 to 9,448) in just three trading sessions.
The current pullback highlights the presence of strong demand at the earmarked value area of 9,500-9,450 region as it is the confluence of 38.2% retracement of the major up move between March to June 2017 and the rising 50-days moving average.
Going forward, we expect the index to extend the ongoing consolidation and oscillate between 9,500 and 9,700 levels while the focus has shifted to sector/stock specific action with limelight being on GST beneficiaries, the progress o…

On July 19, 2017 results of Havells India's June quarter

It is hereby informed that a meeting of Board of Directors of the Company is scheduled to be held on 19th July, 2017, Wednesday, to consider and approve, inter alia, the Un-audited Standalone Financial Results of the Company for the first quarter ended 30th June, 2017. In compliance of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that a meeting of Board of Directors of the Company is scheduled to be held on 19th July, 2017, Wednesday, to consider and approve, inter alia, the Un-audited Standalone Financial Results of the Company for the first quarter ended 30th June, 2017.


Refer by- MoneyControl