GOLDEN RULES FOR TRADING

Weekly Sector Report : 19.06.2017 to 23.06.2017

Weekly Sector Report : 19.06.2017 to 23.06.2017

Indian Market Outlook for the week – 19 to 23.06.2017

Indian Market Outlook for the week – 19 to 23.06.2017


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Indian Market Outlook for the week – 19 to 23.06.2017
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Benchmark equity indices are seen trading in a range next week due to absence of any significant triggers. Experts say markets have factored in most of the negative news now and going ahead, key mentionable are likely to be the expiry of the June futures and options series, rollout of the goods and services tax and Apr-Jun earnings. During the week, domestic indices ended largely unchanged despite the monetary policy outcome of major central banks. The Bank of Japan today maintained a status quo on the monetary policy. The central bank's policy move weakened the yen and aided the shares of exporting companies that gave the sentiment in Asian markets a boost. The Nifty 50 today briefly crossed the psychologically-important 9600 mark, but gave up its gains to end at 9588.05 points, up 0.10 points from its Thursday's close. On other hand, the BSE S&P Sensex erased its day's gains to end at 31056.40 points, down 19.33 points. Next week, the 51-stock Nifty 50 index is seen moving in a range of 9500-9700 points. Until the Jun Future expiry, it looks like markets are going to remain range-bound and more stockcentric action is expected. Investors will also keep a watch on the global markets for significant Political developments. The election process in France will get over with the second round of voting on Sunday where President Emmanuel Macron is expected to win an overwhelming legislative majority. Back home, market participants will keep a watch on the GST Council meet on Sunday, where a discussion will be held on revision of goods and services tax rates on some more items. Focus will also be on the pharmaceutical sector after shares of most drug majors tanked yesterday following a report that US President Donald Trump is mulling over an executive order to cut drug cost in the US. Yesterday, the Nifty Pharma was the biggest laggard among sectoral indices. As per reports, top health and budget officials in the US administration will meet on Friday to discuss the issue.

Source : Cogencis Information Services Ltd.

Bank Stocks Outlook for the week – 19 to 23.06.2017

Bank Stocks Outlook for the week – 19 to 23.06.2017


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Bank Stocks Outlook for the week – 19 to 23.06.2017
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Investors in bank stocks are seen cautious next week, as the recovery process under the Insolvency and Bankruptcy Code kick-started this week, with the Reserve Bank of India identifying 12 stressed loans for referral under the code. With bad loans and resolution of stressed assets having taken centre stage, the fate of bank stocks now depends on developments under the insolvency process. The key uncertainty in this whole approach is that the code is still in the early stages of evolution," Kotak Institutional Equities said in a report. If a large number of assets are put up for liquidation immediately, only a few may be able to garner fair valuation. Such a move could lead banks to convert debt to equity or sell assets at steep discounts, resulting in higher levels of equity ownership. This is the most significant step taken by the RBI since the government empowered the central bank to tackle the issue of stressed assets, by notifying The Banking Regulation (Amendment) Ordinance, 2017, on May 5. The National Company Law Tribunal has been appointed as the nodal court for insolvency and bankruptcy proceedings in the country. Essar Steel, Bhushan Steel, Bhushan Power and Steel, Alok Industries, Jaypee Infratech, Electrosteel Steels, ABG Shipyard, Jyoti Structures, Monnet Ispat & Energy, Lanco Infratech, Amtek Auto, and Era Infra Engineering are likely the 12 identified accounts, according to recent media reports. Appetite for stocks of private sector banks still remains high, as compared to that for public sector banks, which are seen the worst hit by asset quality pressures. Domestic institutional investors, especially mutual fund houses, are also choosing stocks of non-bank finance companies and housing finance companies over banks, adding that this could weigh on banks in the upcoming week.

Source : Cogencis Information Services Ltd.

Pharma Stocks Outlook for the week – 19 to 23.06.2017

Pharma Stocks Outlook for the week – 19 to 23.06.2017


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Pharma Stocks Outlook for the week – 19 to 23.06.2017
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The rally in pharmaceutical stocks over the last three weeks, after hitting their 52-week lows, is likely to pause in the coming sessions, as the long-term view on the sector remains weak. We have cautious outlook for the pharmaceutical sector for the next 12-18 months and advise investors to stay selective. Besides this, a stronger rupee against the dollar is also likely to weigh on the earnings of companies in the sector in the near term. In the US market, companies are currently facing severe pricing pressure on account of consolidation of distribution channels there, as well as greater competition in the generic drugs segment. The new US Food and Drug Administration Commissioner, Scott Gottlieb, in an interview last week, had said he aimed to lower prices of drugs by ensuring there is enough competition. We continue to remain cautious on the generic space and believe that the structural dynamics of the industry have worsened significantly. Recent stock corrections do not warrant fresh exposure. In the Indian market, apart from concerns over price control of drugs and other regulatory issues, companies also expect weak earnings for Apr-Jun due to de-stocking by distribution channels before the goods and services tax is introduced. This week, India's largest drug-maker and Cadila Healthcare both received an approval from the US Food and Drug Administration for the generic of blockbuster drug Zetia. For the year ended April, estimated sales of the anti-cholesterol medicine in the US were at $2.7 bln. Approval for the drug may further erode the price of Glenmark's generic version of the same drug. Glenmark's management had last month said that the company expects sales of the generic of Zetia in the US to be lower than $200 mln during the exclusivity period, which started in December. The company had earlier guided for sales of $200 mln-$250 mln.

Source : Cogencis Information Services Ltd.

FMCG Stocks Outlook for the week – 19 to 23.06.2017

FMCG Stocks Outlook for the week – 19 to 23.06.2017


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FMCG Stocks Outlook for the week – 19 to 23.06.2017
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Stocks of fast moving consumer goods companies are seen trading sideways in line with broader markets amid lack of firm cues for the sector. With the rollout of the goods and services tax fast approaching, companies would like to wait and watch before taking any decisions on price hikes. The focus for most companies could shift in the food segment as they look to improve margins. Companies would also like to focus more on partnering more with e-commerce companies as share of online trade is higher than general market. Going forward, advertisement spends could also see a shift towards e-commerce opportunities. Companies such as Hindustan Unilever Ltd are likely to focus more promotional money on educating customers and by uploading thematic videos on dedicated websites.

Source : Cogencis Information Services Ltd.

Oil Stocks Outlook for the week – 19 to 23.06.2017

Oil Stocks Outlook for the week – 19 to 23.06.2017


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Oil Stocks Outlook for the week – 19 to 23.06.2017
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Stocks of public sector oil refiners and retailers—Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp--could continue to fall next week, given the prevailing weakness in their charts, technical. These stocks have had breakdowns over the past two-three weeks and our view is largely negative on them. On charts, a bounce-back seems unlikely in the immediate term. But they still look good from a long-term perspective. Over the last one week, the IOC Indian Oil stock has declined 3.7%, while stocks of BPCL have fallen 4.3%. The HPCL stock was down 1.8%. As far as fundamentals are concerned, these companies continue to be on solid ground, benefiting from the rise in domestic demand for fuels, as well as robust refining and marketing margins. These factors lent these stocks a positive fundamental outlook for the medium-to-long term. In the absence of any major sectoral triggers, stocks of oil companies could be impacted by crude oil prices, news flow, and sentiment in the broad market. Crude oil contracts are expected to trade lower on domestic and global exchanges next week due to concern over higher supply from major producing nations. Hopes of reduction in global supply seem to have been quashed by the International Energy Agency's report of increasing supply next year from producers that aren't part of the Organization of the Petroleum Exporting Countries Stocks of upstream players such as Oil and Natural Gas Corp and Oil India may remain weak on account of the likely decline in crude oil prices. On technical charts, too, the two stocks seem to be on shaky ground in the immediate future. Any major shift in the dollar-rupee exchange rate could also impact shares of oil companies. If the dollar weakens against the rupee, it could add to the woes of upstream companies. This is because upstream companies price oil and gas in dollars and a weak greenback leads to a decline in the actual price realisation in rupee terms. On the other hand, refining companies stand to gain from a weaker dollar, as it would reduce their outgo towards purchase of crude oil and gas.

Source : Cogencis Information Services Ltd.

Auto Stocks Outlook for the week – 19 to 23.06.2017

Auto Stocks Outlook for the week – 19 to 23.06.2017


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Auto Stocks Outlook for the week – 19 to 23.06.2017
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Stocks of most automobile companies are seen trading within a range next week, with Tata Motors Ltd and TVS Motor Co Ltd likely to be in focus. Tata Motors' management expects to gain 5% market share in the domestic passenger vehicle and commercial vehicle segments over the next couple of years. The expected launch of compact sports utility vehicle Nexon in September is expected to add to the momentum. We are fairly confident on Jaguar Land Rover's growth and profitability and strong domestic business turnaround from Jan-Mar. Current currency hedging issues will fade away, assuming currency stability in 2017-2019 (Apr-Mar). TVS Motor Co Ltd's growth is expected to outpace that of the two-wheeler industry in 2017-2019 (Apr-Mar), led by new launches and commencement of supplies to BMW group. The Chennai-based company also aims to increase its market share from the current 15.3% to nearly 17% in the current financial year started April. The country's largest carmaker, Maruti Suzuki India Ltd, looks strong on the back of a popular portfolio comprising the Vitara Brezza compact sport utility vehicle and premium hatchback Baleno. Positive on the carmaker on the back of an increase in the average selling price, led by an expanding portfolio in the premium segment and fresh capacity addition in the Gujarat facility We remain positive on the company's growth story on the back of uptick in rural demand, supporting macro tailwinds like seventh Pay Commission payout, falling interest rates, urbanization and growing middle class. The country's largest two-wheeler manufacturer, Hero MotoCorp Ltd, is expected to benefit from the forecast of monsoon rains at 98% of the long period average this year, owing to the company's large presence in rural areas. Expected good monsoon and higher infrastructure spending from GOI (government of India) are expected to be the macro drivers, while the new model launch (six models) would be the micro drivers for Hero MotoCorp.

Source : Cogencis Information Services Ltd.

Cement Stocks Outlook for the – 19 to 23.06.2017

Cement Stocks Outlook for the – 19 to 23.06.2017


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Cement Stocks Outlook for the – 19 to 23.06.2017
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Stocks of cement companies are seen trading on a mixed note next week and activities are likely to remain stock specific. Demand for cement is likely to be subdued in regions where southwest monsoon has reached, and may affect companies that have a strong presence in those areas. Demand, however, may be better in those parts where monsoon has not arrived as various agencies would rush to complete ongoing infrastructure projects before it starts raining. The southwest monsoon has so far covered most parts of south and eastern India and is likely to cover more parts of central India in the next three-four days. There may have been a pick-up in demand in some states because of the need to complete ongoing infrastructure projects before monsoon. However, as the monsoon progresses ahead, demand and prices will go down. Cement demand normally falls during monsoon as construction work almost comes to a standstill. However, a good monsoon will give a boost to demand in Oct-Mar. The hikes and cuts in cement prices are also likely to lend cues to the stocks of cement companies. Cement companies' Apr-Jun earnings are also likely to get a boost because of the hikes undertaken by the companies in April and May, Despite the price cuts undertaken in some regions in June, allIndia average cement prices were likely to end up 7% higher in Apr-Jun than the previous quarter, the report said. Positive on cement sector in the long-term as they expect higher spending on infrastructure by the central and state governments along with the infrastructure status given to affordable housing in Union Budget 2016-17 (Apr-Mar) to improve demand.

Source : Cogencis Information Services Ltd.

Metal Stocks Outlook for the week – 19 to 23.06.2017

Metal Stocks Outlook for the week – 19 to 23.06.2017


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Metal Stocks Outlook for the week – 19 to 23.06.2017
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Stocks of metal and mining companies are likely to move in a narrow range in line with the broader market, as the sector awaits fresh triggers. Profit booking weighed on shares of most metal and mining companies this week and pulled them in the red after they registered robust gains in previous weeks. The Nifty Metal index ended with over 2% losses, higher than the near 1% losses seen in Nifty 50 and Sensex during the week. Prices of base metals will be in focus next week, dictating the stock price movements of these companies. On technical charts, stocks of Tata Steel are seen positive, and have the potential to rise 6-7% in the near term. He recommends maintaining a 3% stop-loss for the trade. Yearly higher high-low after elongated time correction suggest turnaround in price structure.

Source : Cogencis Information Services Ltd.

Weekly Sector Report : 12.06.2017 to 16.06.2017

            Weekly Sector Report :12.06.2017 to 16.06.2017           



Indian Market Outlook for the week – 12 to 16.06.2017

Indian Market Outlook for the week – 12 to 16.06.2017



Indian Market Outlook for the week – 12 to 16.06.2017
  www.rupeedesk.in )

Robust inflows into equity and balanced schemes of domestic mutual fund houses are seen keeping
Indian equities north-bound next week, despite the Nifty 50 and Sensex having risen for five months
in a row. Market are not expect any major correction or profit booking in the near term as domestic
institutional investors are likely to use every dip in the market as a buying opportunity. Nifty 50 will not fall more than 50-100 basis points because investors are looking for value at every fall as fundamentals remain strong. Besides, hopes of a normal monsoon this year, expectations of a rate
cut by the Reserve Bank of India, and perception that the implementation of the goods and services
tax will boost economic growth, has kept sentiment for Indian equities upbeat. However, volatility in global markets due to uncertainty over UK's exit proceedings from the European Union and the US Federal Reserve's upcoming policy meet may trigger a small correction in global equities, and subsequently, domestic equity markets. Elections in France for the Lower House and Bank of Japan's policy meet are also seen adding to the volatility next week. Investors will also eye domestic inflation data for May and production numbers for April. Inflation data will be under increased scrutiny after the RBI recently lowered its inflation outlook. The Nifty 50 is expected to hold the 9500-mark even in the advent of a correction but gains are seen capped at 9720-9740 levels in the near term. Yesterday, the index ended at 9668.25, up 21.00 points or 0.2% from the previous close while the Sensex closed at 31262.06, up 48.70 points or 0.2%. Stocks of banks and housing finance companies are seen gaining in the near term, as the cut in statutory liquidity ratio and standard asset provisioning rate for home loans is seen freeing up working capital.

Source : Cogencis Information Services Ltd.
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Auto Stocks Outlook for the week – 12 to 16.06.2017

Auto Stocks Outlook for the week – 12 to 16.06.2017



Auto Stocks Outlook for the week – 12 to 16.06.2017
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Stocks of most automobile companies are seen rising next week as index heavyweight Maruti Suzuki
(India) Ltd is expected to soar due to continued investor participation at elevated levels. The
outperformance in shares of India's largest passenger car maker can be attributed to strong demand
for its new models--Baleno hatchback, Vitara Brezza compact sport utility vehicle, and Ignis
hatchback. The company's parent, Suzuki Motor Corp, recently formed a joint venture with Denso Corp and Toshiba Corp to produce lithium-ion batteries which will help in the future trend of hybrid and electric cars. Another sector major Tata Motors Ltd's subsidiary Jaguar Land Rover reported a 1.2% on-year growth in its retail sales for May at 45,487 units. Jaguar Land Rover is confident of an improvement in demand from this month as the all new Discovery model goes on sale in key markets of China and North America and launch of new Range Rover Velar which is scheduled to be launched later this year. Investors are also positive about commercial vehicle giant Ashok Leyland Ltd due to expectations of double-digit growth of 10-15% in 2017-18 (Apr-Mar) in the medium and heavy commercial vehicle segment. With improved demand in the domestic medium and heavy commercial vehicle segment and increased focus on exports and defence business, Ashok Leyland may see improved financial performance going ahead. The Nifty Auto index is likely to gain from the upbeat sentiment across automobile companies and may rise towards 11200 points.

Source : Cogencis Information Services Ltd.

Bank Stocks Outlook for the week – 12 to 16.06.2017

Bank Stocks Outlook for the week – 12 to 16.06.2017



Bank Stocks Outlook for the week – 12 to 16.06.2017
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Stocks of banking companies are expected to extend the positive momentum of the past few session
into the coming week as overall underlying sentiment for equities remains positive, despite some
consolidation. The US Federal Reserve's Open Market Committee Jun 13-14 meet will be eyed by
the sector. A hike in the US Fed rates is usually negative for the Indian market as it leads to outflow
of funds from emerging markets. Overall, the sentiment remains better for private sector banks as compared with state-owned banks, especially due to the high likelihood of the government initiating merger of some small public sector banks very soon. At the post qualified institutional placement press meet last day, State Bank of India Chairman Arundhati Bhattacharya said that it is always better to have bigger and healthier banks, when asked about consolidation of state-owned banks. Bank stocks starting this week on a strong footing but the became a bit volatile, with the Nifty Bank Index alternating between ending in the negative and positive to close the week up 1.3%. This positive sentiment cemented on Wednesday after the Reserve Bank of India's Monetary Policy Committee while maintaining status quo on policy rates, cut its inflation forecast, leading to hopes of a rate in August meet.

Source : Cogencis Information Services Ltd.

Oil Stocks Outlook for the week - 12 to 16.06.2017

Oil Stocks Outlook for the week - 12 to 16.06.2017



Oil Stocks Outlook for the week - 12 to 16.06.2017
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Stocks of public sector oil refiners and retailers are expected to continue seeing a downward trend
during next week. The market share of these companies has been hit by greater competition from
private sector retailers, which weighed on their shares this week. The government's move to allow oil marketing companies to revise prices of auto fuels daily is expected to boost their margins in the long run. The daily price revision is expected to be implemented from Jun 16. Now, the daily rise or fall in prices of crude oil purchased would be reflected in the prices they charge customers for fuel. A report on Wednesday by the US Department of Energy showed a sharp rise in inventories of crudeoil and its products. This weighed on crude prices and could mean that a planned cut in output by the Organization of the Petroleum Exporting Countries would not have the desired effect of curbing a price fall. A fall in crude prices could weigh on the share prices of upstream players such as Oil and
Natural Gas Corp and Oil India.

Source : Cogencis Information Services Ltd.

Capital Goods Stocks Outlook for the week – 12 to 16.06.2017

Capital Goods Stocks Outlook for the week – 12 to 16.06.2017


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Capital Goods Stocks Outlook for the week – 12 to 16.06.2017
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Stocks of capital goods companies are likely to trade within a range next week due to lack of
significant triggers. Most companies in the sector, including Bharat Heavy Electricals, CG Power &
Industrial Solutions, and Thermax are yet to recover from their disappointing earnings for the March quarter. Engineering behemoth Larsen and& Toubro could see a slight upside in the short term, riding on a robust order book and a strong balance sheet. We continue to prefer L&T in the large-cap space due to its robust business model, competent management, strong execution, and a healthy balance Sheet. BHEL is seen trading in a tight range in the coming week, as sentiment on the stock is weak, following a 57.4% on-year fall in net profit for the March quarter at 2.16 bln rupees.

Source : Cogencis Information Services Ltd.


FMCG Stocks Outlook for the week – 12 to 16.06.2017

FMCG Stocks Outlook for the week – 12 to 16.06.2017


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FMCG Stocks Outlook for the week – 12 to 16.06.2017
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Stocks of most fast moving consumer goods companies are seen falling next week as traders may
book profits after the rise in these stocks in the past few weeks. Premiumisation across certain
segments such as laundry and soaps could be seen in the near future and companies would seek to
focus on strengthening presence in rural areas. With the rainfall prediction being good for this year, companies would like to build their presence in smaller tier-II, tier-III towns. They would also be wary of uncertainty due to GST (goods and services tax) rollout. The India Meteorological epartment on Tuesday scaled up its forecast for the southwest monsoon this year to 98% of the long period average from 96% predicted earlier. A good monsoon augurs well for demand in rural areas.Creating categories for the future by foraying into hair conditioner, liquid detergent, liquid dish wash, green tea, body wash, hand wash, and fabric conditioner segments is likely to help companies such as industan Unilever Ltd. The re-launch of certain categories of products such as fruit juice and dairy by ITC Ltd is likely to help the company in the near future. We are positive on the longterm fundamentals of the cigarette business, coupled with market share gains in the other FMCG business.

Source : Cogencis Information Services Ltd.


Cement Stocks Outlook for the week – 12 to 19.06.2017

Cement Stocks Outlook for the week – 12 to 19.06.2017


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Cement Stocks Outlook for the week – 12 to 19.06.2017
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Stocks of cement companies are seen trading lower next week because of the recent price cuts
announced by companies in some regions and also due to expectations of a weak demand during
monsoon.Earlier this week, as reported that some cement companies had cut prices by 10-20 rupees per 50-kg bag in Delhi-National Capital Region and by 15-25 rupees per 50-kg bag in Andhra Pradesh and Telangana. However, cement makers in West Bengal have hiked prices by 10-20 rupees per 50 kg
bag due to an improvement in demand ahead of monsoon, as major construction work needs to be
completed. Cement demand mostly goes down during monsoon as the construction work almost omes to a standstill. This year should be no different. Last week Road Transport Minister Nitin Gadkari had said cement companies had been unfairly hiking prices despite no corresponding increase in input osts and had warned them of action. However, are positive on cement sector in the long term. A good monsoon will give a boost to demand and it will strengthen after Monsoon. Higher spending on infrastructure by the central and state governments along with the infrastructure status given to affordable housing in Union Budget 2016-17 (Apr-Mar) is expected to improve demand.

Source : Cogencis Information Services Ltd.

Pharma Stocks Outlook for the week – 12 to 16.06.2017

Pharma Stocks Outlook for the week – 12 to 16.06.2017


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Pharma Stocks Outlook for the week – 12 to 16.06.2017
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Stocks of most pharmaceutical companies are expected to continue their rally next week, after
hitting 52-week lows last week. However, the long-term outlook on these stocks is subdued due to
persisting regulatory and pricing concerns in the US. The long-term outlook for the sector remains
negative due to pressure on pricing, as well as regulatory issues in the US, the largest market for this
segment.In an interview to a business news website on Tuesday, new US Food and Drug dministration Commissioner Scott Gottlieb said he aimed to target high-priced drugs by ensuring that there is
enough competition to lower prices. In our view, this move, if implemented, could cause greater
generic competitive intensity... If the strategy is successful, high-value launch opportunities would
also dry up for the industry in the coming years. Apart from price erosion, many companies are still
ailing from regulatory overhangs on their units.Sun Pharmaceutical Industries gave a single-digit revenue growth guidance for 2017-18 (Apr-Mar)due to uncertainty over operations in the US and Indian markets. The company's managing director, Dilip Shanghvi, said the company would review the guidance if the US FDA cleared its Halol facility in Gujarat, which received a warning letter in December 2015. Lupin has also given a similar revenue outlook for the current financial year started April, citing severe stress on its US generics business.

Source : Cogencis Information Services Ltd.

Metal Stocks Outlook for the week – 12 to 16.06.2017

Metal Stocks Outlook for the week – 12 to 16.06.2017

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Metal Stocks Outlook for the week – 12 to 16.06.2017
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After stellar gains this week, traders may book some profits in the shares of metal and mining companies next week ahead, but the underlying sentiment remains positive. Investors will closely track the movement of the dollar because strength in the currency may exert pressure on prices of base metals globally. The US Federal Reserve is scheduled to hold its monetary policy meeting next week. The central bank is widely expected to raise interest rates, which will see the dollar gaining an edge over other currencies. This could weigh on prices of metals globally because these prices typically have an inverse relation with the greenback. After snapping a three-session gaining streak last week, the Nifty Metal index had ended with 2.5% losses, but resumed its uptrend this week, closing 2.5% higher. The index outperformed the Nifty 50, which ended only 0.1% higher on a weekly basis. On fundamental parameters, upbeat on the sector. Stocks of steel and aluminium companies are seen positive due to an improving demand outlook, likely scarcity in supply, and support to prices from anti-dumping duties. The government's thrust on housing, infrastructure, and capital expenditure and preference to domestic steel producers for procurement in government projects is also seen as beneficial for companies in this segment

Source : Cogencis Information Services Ltd.

Indian Market Outlook for the week – 29.05.2017 to 02.06.2017

Indian Market Outlook for the week – 29.05.2017 to 02.06.2017

Indian Market Outlook for the week – 29.05.2017 to 02.06.2017
Auto Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Bank Stocks Outlook for the Outlook – 29.05.2017 to 02.06.2017
Metal Stocks Outlook for the week – 29.05.2017 to 02.06.2017
FMCG Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Cement Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Telecom Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Capital Goods Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Pharma Stocks Outlook for the week – 29.05.2017 to 02.06.2017
IT Stocks Outlook for the week – 29.05.2017 to 02.06.2017

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Indian Market Outlook for the week – 29.05.2017 to 02.06.2017
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 May rise next week; Jan-Mar earnings in focus Local share indices are expected to rise next week, and we expect the Nifty 50 to test 9800-point mark in the nearto-medium term given the strong momentum in the market. Yesterday's strong movement reiterated our belief that the Nifty 50 might test 9800-point much faster than anticipated earlier. However, global cues and Jan-Mar earnings remain a key factor. Benchmark indices yesterday extended their gains, with the Nifty 50 briefly touching the psychologically important 9600-mark to end at a record closing level of 9595.10 points, up 85.35 points or 1% from its previous close. The S&P BSE Sensex index ended at 31028.21 points, up 278.18 points or 1%, the second straight record closing for the 30-stock index. The index also hit a lifetime high intraday. Cues from global markets will also affect the movement in the broader market. Market participants will keep an eye on the declining crude oil prices, after energy stocks dropped following the decision of the Organization of Petroleum Exporting Countries not to make deeper cuts in production. The OPEC and some non-OPEC producers, on Thursday, agreed to extend oil production cut for nine months more, but the 1.8-mln-barrel-per-day output cut disappointed the market. Crude oil prices plummeted the most in three weeks. Markets will also eye the Bank of Japan governor Haruhiko Kuroda's speech scheduled over the weekend. European Central Bank's President Mario Draghi is set to appear at the Committee on Economic and Affairs on Monday. Apart from global cues, robust Jan-Mar earnings are also going to bolster sentiment. With many companies yet to detail their Jan-Mar earnings, action is likely to remain stockspecific.

Source : Cogencis Information Services Ltd.


Auto Stocks Outlook for the week – 29.05.2017 to 02.06.2017

Auto Stocks Outlook for the week – 29.05.2017 to 02.06.2017

Indian Market Outlook for the week – 29.05.2017 to 02.06.2017
Auto Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Bank Stocks Outlook for the Outlook – 29.05.2017 to 02.06.2017
Metal Stocks Outlook for the week – 29.05.2017 to 02.06.2017
FMCG Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Cement Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Telecom Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Capital Goods Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Pharma Stocks Outlook for the week – 29.05.2017 to 02.06.2017
IT Stocks Outlook for the week – 29.05.2017 to 02.06.2017

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Auto Stocks Outlook for the week – 29.05.2017 to 02.06.2017
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Seen rising next week, Maruti Suzuki in focus Stocks of most automobile companies are seen rising next week on the back of a strong general market sentiment and continuous uptick in Maruti Suzuki India Ltd, the heavyweight in the automobile index. Yesterday, share indices rose nearly 1% each and helped the Nifty 50 breach the 9600-point mark to test a fresh lifetime high of 9604.90 points. We remain positive on Maruti Suzuki's growth story on the back of strong volume growth led by consistent volume uptick of Ciaz sedan, Vitara Brezza compact sports utility vehicle and Baleno premium hatchback. The company has also been a top pick by most brokerage houses due to increasing average selling price led by an expanding portfolio in the premium segment and fresh capacity addition from the Gujarat facility. Uptick in rural demand, supporting macro tailwinds like seventh pay commission payout, falling interest rates, urbanisation and growing middle class also aid a strong outlook on the company. Mumbai-based Tata Motors Ltd has also gained from the strong performance of the company's arm Jaguar Land Rover during Jan-Mar. Jaguar Land Rover sales rose 13% on year in the March quarter to 179,509 units. With relatively lower margin volatility expectations and strong model cycle on the back of ramp-up of Discovery sports utility vehicle, Velar sports utility vehicle, new Range Rover Sport sports utility vehicle, and E-Pace compact sports utility vehicle (over next 12-15 months). Ashok Leyland, the third largest commercial vehicle manufacturer, has also retained a positive outlook from market participants as the company beat estimates of Jan-Mar earnings and posted a net profit of 4.8 bln rupees. Company maintains its positive outlook for 2017-18 (Apr-Mar) and is optimistic that the industry will grow at nearly 10-15% in the current financial year led by strong economic growth, mining and infrastructure activities.

Source : Cogencis Information Services Ltd.

Bank Stocks Outlook for the Outlook – 29.05.2017 to 02.06.2017

Bank Stocks Outlook for the Outlook – 29.05.2017 to 02.06.2017

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Bank Stocks Outlook for the Outlook – 29.05.2017 to 02.06.2017
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Private Banks to have upward bias, PSU banks seen down Trade in bank stocks is expected to be a mixed bag in the coming week, with private banks seen extending this week's gains, whereas public sector banks are seen down, continued to be weighed down by concerns of capital constraint and weak asset quality. The largest hit this week was taken by IDBI Bank, stocks of which fell 8.87% during the week. The bank's debt papers were downgraded by several rating agencies such as CRISIL and ICRA. On Thursday, Moody's Investors Service also downgraded the bank's rating to Ba2 from Baa3, minutes after which the lender announced a 'turnaround plan' to control and manage the bad loan book, and measures to improve the capital adequacy. The bank was one of the 10 public sector lenders asked by the government to submit a turnaround plan, before further capital infusion into them. On May 9, the RBI had initiated prompt corrective action on IDBI Bank, citing a high net non-performing asset ratio and negative return on assets, subsequent to which the bank reported that its net loss for 2016-17 (Apr-Mar) widened to 51.58 bln rupees from 36.65 bln rupees the previous year. However, analysts remain positive on the overall sector, especially private sector banks, given the strong rollover demand at the time of expiry of the May derivative contracts. The Nifty Bank ended the May series on an optimistic note. The move was largely supported by private sector leaders whereas follow-up buying was also seen in the June series. Rollover spreads continued to remain muted which will support the broader move going forward as short traders will cover their positions in case of selling.

Source : Cogencis Information Services Ltd.

Indian Market Outlook for the week – 29.05.2017 to 02.06.2017
Auto Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Bank Stocks Outlook for the Outlook – 29.05.2017 to 02.06.2017
Metal Stocks Outlook for the week – 29.05.2017 to 02.06.2017
FMCG Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Cement Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Telecom Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Capital Goods Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Pharma Stocks Outlook for the week – 29.05.2017 to 02.06.2017
IT Stocks Outlook for the week – 29.05.2017 to 02.06.2017

Metal Stocks Outlook for the week – 29.05.2017 to 02.06.2017

Metal Stocks Outlook for the week – 29.05.2017 to 02.06.2017

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Metal Stocks Outlook for the week – 29.05.2017 to 02.06.2017
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Stocks of metal and mining companies are seen positive next week as they track movement of the broader market, sentiment for which remains upbeat. Nifty 50 and Sensex hit their lifetime highs this week, gaining close to 2% each during the week. This is the third consecutive week for which share indices have ended higher. If the positive run in the market continues, the metal space is likely to outperform benchmark indices given its hi-beta nature, and the recent correction in these shares. Analysts are particularly positive on companies in the non-ferrous space, as they reap the benefit of robust year-on-year production growth in April. Hindustan Zinc, Hindalco Industries and Vedanta have all seen strong production volumes in April. Overall, we expect non-ferrous companies to sustain earnings momentum on higher base metal prices and operating leverage benefits. In the earnings space, Hindalco Industries, which is scheduled to detail its Jan-Mar numbers on Tuesday, will be watched. Aditya Birla group owned-Hindalco Industries is seen posting a 53% sequential rise in its net profit for Jan-Mar, led by higher prices of copper and aluminium even as its volumes remain stable sequentially. Market participants sees the Mumbai-based company's net profit at 4.91 bln rupees, while net sales are seen at 103.50 bln rupees, up 4.4% on quarter and 19.4% on year. Other companies in the metal space announcing their earnings include Bhushan Steel and Sarda Energy and Minerals.

Source : Cogencis Information Services Ltd.

Indian Market Outlook for the week – 29.05.2017 to 02.06.2017
Auto Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Bank Stocks Outlook for the Outlook – 29.05.2017 to 02.06.2017
Metal Stocks Outlook for the week – 29.05.2017 to 02.06.2017
FMCG Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Cement Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Telecom Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Capital Goods Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Pharma Stocks Outlook for the week – 29.05.2017 to 02.06.2017
IT Stocks Outlook for the week – 29.05.2017 to 02.06.2017

FMCG Stocks Outlook for the week – 29.05.2017 to 02.06.2017

FMCG Stocks Outlook for the week – 29.05.2017 to 02.06.2017


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FMCG Stocks Outlook for the week – 29.05.2017 to 02.06.2017
  www.rupeedesk.in )

Prospects of a good monsoon, recovery in sales growth from the demonetisation-led slump for most companies, and underlying bullish sentiment in the market are likely to push stocks of fast moving consumer goods companies higher next week. Pre-monsoon showers accompanied by thunderstorms are likely to cover most parts of the country by Sunday, private weather forecaster Skymet said yesterday. Next week, shares of ITC are likely to rise further, aided by strong cigarette sales in Jan-Mar. Yesterday, the company's stock surged to a fresh lifetime high after the company reported a 6.2% on-year rise in net sales to 150.1 bln rupees due to a near 5% growth in cigarette revenue, its main business, to 89.5 bln rupees. Yesterday, the scrip ended 3% higher at 309.10 rupees and is likely to test 352 rupees in the near term. Stocks of Hindustan Unilever, which gained 3.3% this week, are likely to inch higher as the company has hiked product prices by 2-7% in May. HUL's stock is moving in an uncharted territory with ample volumes. We expects shares of Britannia Industries to plunge further as the stock is trading below the 21-day moving average amid high volumes. The company's failure to improve its operating margin during the quarter ended March--earnings before interest, taxes, depreciation and amortization margin was flat on year at 13.30%--weighed on its stock yesterday and the scrip ended 2.9% lower from the previous close. Through this week, the Nifty FMCG index gained 4.7%, aided by favorable rates under goods and services tax. Yesterday, the index scaled to a lifetime high of 25711.15 points. Next week, stocks of United Spirits, Godfrey Phillips India, Ruchi Soya Industries, Parag Milk Foods, and Manpasand Beverages will be on investors' radar as these companies are set to detail their earnings for the Jan-Mar.

Source : Cogencis Information Services Ltd.

Indian Market Outlook for the week – 29.05.2017 to 02.06.2017
Auto Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Bank Stocks Outlook for the Outlook – 29.05.2017 to 02.06.2017
Metal Stocks Outlook for the week – 29.05.2017 to 02.06.2017
FMCG Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Cement Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Telecom Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Capital Goods Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Pharma Stocks Outlook for the week – 29.05.2017 to 02.06.2017
IT Stocks Outlook for the week – 29.05.2017 to 02.06.2017