daily equity-report by epic research 4 august 2012
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Indian equity markets down .23%
Nifty down 12.05 pts and settle at 5215.70
Sensex down 26.43 pts at 17197.
Bank Nifty down 64 pts at 10315
European markets were up with FTSE up
by 75.78 pts at 5738.08, CAC up by
75.99 pts at 3308.45 and DAX up 138.37
pts at 6744.46
Dow future up 93.00 pts at 12924
Upcoming Quarterly results
TV 18 broadcast
DAILY EQUITY NEWSLETTER
04TH AUGUST 2012
Indian, European stocks recover Jet Air turns PAT positive
BSE F&O: Rising volume
OBC cut deposit rates for 91-179 day
FIIs and DIIs
CATEGORY DATE BUY SELL NET
FII 03-AUG-12 1508.84 1300.15 208.69
DII 03-AUG-12 804.26 1238.91 -434.65
NIFTY DAILY PIVOTS
PIVOT R4 R3 R2 R1 PP S1 S2 S3 S4
NIFTY 5431 5361 5291 5266 5221 5196 5151 5081 5011
Key benchmark indices staged strong intraday rebound as European stocks surged after European Central Bank (ECB) president Mario Draghi on Thursday, 2 August 2012, said the ECB may soon step in to buy
government bonds in the open market, possibly in unlimited quantities, and will consider other
unconventional measures to lower exceptionally high borrowing costs of financially stressed euro-zone
economies. The barometer index, BSE Sensex, was provisionally down 17.98 points or 0.1%, up close to 180
points from the day's low. The market breadth was negative.
Index heavyweights ITC edged lower. But, another index heavyweight Reliance Industries (RIL) reversed intraday losses. IT stocks rose on a weak rupee. Marico dropped after reporting strong Q1 June 2012 results
after the company said the healthy profit margins which the company achieved in Q1 June 2012 are unlikely
to sustain during the remaining quarters of the current financial year. Pharma stocks extended their recent
uptrend, with Sun Pharmaceutical Industries hitting a record high. Sun TV Network fell on poor Q1 results.
The market edged lower in early trade on weak Asian stocks. The market extended initial losses to hit fresh intraday low in morning trade. Weakness continued in mid-morning trade. Key benchmark indices pared
intraday losses in afternoon trade after European stocks edged higher. A bout of volatility was witnessed as
key benchmark indices weakened once again after staging a strong intraday rebound in mid-afternoon trade.
The market once again staged a recovery in late trade.
As per provisional figures, the BSE Sensex was down 17.98 points or 0.1% to 17,206.38. The index fell 197.39 points at the day's low of 17,026.97 in mid-morning trade, its lowest level since 31 July 2012. The
index declined 16 points at the day's high of 17,208.36 in late trade.
The S&P CNX Nifty was down 13.25 points or 0.25% to 5,214.50. The Nifty hit a low of 5,164.65 in intraday trade, its lowest level since 31 July 2012. The Nifty hit high of 5,220.20 in intraday trade.
BSE clocked turnover of Rs 1898 crore higher than Rs 1750 crore on Thursday, 2 August 2012. The market breadth, indicating the overall health of the market, was negative. On BSE, 1,503 shares fell and
1,262 shares rose. A total of 138 shares were unchanged.
From the 30-share Sensex pack, 16 stocks fell and the rest of them rose. Index heavyweight and cigarette maker ITC fell 0.88% to Rs 259.05. The stock had hit a record high of Rs
262.05 in intraday trade on Thursday, 2 August 2012. The company last week reported 20.21% growth in net
profit to Rs 1602.14 crore on 15.34% growth in net sales to Rs 6652.21 crore in Q1 June 2012 over Q1 June
2011. Despite series of tax hikes, ITC's performance in cigarettes business remains robust and displays
pricing power for the company.
Marico dropped after reporting strong Q1 June 2012 results after the company said the healthy profit margins which the company achieved in Q1 June 2012 are unlikely to sustain during the remaining quarters of the
current financial year. The stock was down 3.35% to Rs 187.65. Marico's consolidated net profit jumped 46%
to Rs 124 crore on 22% growth revenue from operations Rs 1270 crore in Q1 June 2012 over Q1 June 2011.
The growth in net profit was led by gross margin expansion and volume growth of 14% at a group level, the
company said in a statement. Marico continues to focus on expanding its consumer franchise as is evident
from this quarter's performance, the company said.
Marico said the medium to longer term outlook for all the company's three businesses remains positive. Marico said that the company has positioned itself, strategically, in emerging markets viz. India, South
Africa, Bangladesh, Vietnam, Egypt and the Middle East. Marico said that in emerging markets, focus on the
long term is crucial. Long term success can be ensured only through stronger brands that enjoy loyal
consumer franchises, Marico said. The company has therefore chosen to prioritise expansion of consumer
franchise over expansion of margins, Marico said.
Marico said its profit margins in Q1 June 2012 were higher than the band Marico intends to target. The company has decided to pass back some of the input cost benefit in Parachute to consumers and has initiated
steps in select recruiter SKUs. Input prices for Saffola have remained firm, Marico said.
Index heavyweight Reliance Industries (RIL) rose 0.28% to Rs 741.55, off the day's low of Rs 730.50. RIL has bought back 3.66 crore shares for about of Rs 2617.57 crore till 24 July 2012 under its ongoing share
buyback program. RIL has set maximum buyback price of Rs 870 per share. The company has set aside Rs
10440 crore for share buyback. The buyback program opened on 1 February 2012 and closes on 19 January
2013. RIL chairman Mukesh Ambani said at the company's Annual General Meeting in June 2012 that the
company's buyback program represents a highly accretive use of cash by the company and it will supplement
earnings growth from operations, for higher EPS (earnings per share), in the near future.
STOCKS TO WATCH YES BANK
SCRIPS IN BAN PERIOD
Nifty looks bullish
Strategy: Buy on dips
Bank Nifty looks bullish
Strategy: Buy on dips
GAINERS AND LOOSERS
TYPE SCRIP B/S RESULT
CASH UNITED SPIRIT
B TGT ACHIEVED
CASH MARUTI B NT EXECUTED
FUTURE VOLTAS S NT EXECUTED
FUTURE REC B NT EXECUTED
DAILY NIFTY GAINERS
SCRIPS RATE VOL.
3757.25 112645 3651.30 105.95 2.90
WIPRO 347.15 1116505 340.05 7.10 2.09
NTPC 166.25 6398183 163.50 2.75 1.68
ONGC 280.65 1711516 276.85 3.80 1.37
GAIL 357.10 760418 351.85 5.25 1.49
DAILY NIFTY LOOSERS
SCRIPS RATE VOL.
STER 102.15 4562471 104.75 2.60 2.48
JINDALSTEL 396.35 791190 405.15 8.80 2.17
TATA STEEL 397 4108824 405.95 8.95 2.20
IDFC 130.55 8286254 133.50 2.95 2.21
JPASSOCIAT 73.35 15420575 75 1.65 2.20
SCRIPS ACTION LEVEL 1ST
TARGET STOP LOSS
CENTURY BUY 308 311 314 317 305
BATA BUY 930 910 920 930 890
SCRIPS ACTION LEVEL 1ST
TARGET STOP LOSS
AMBUJA BUY 186 187 188 189 185
JPASSOCIATE BUY 76.50 77.20 77.90 78.80 75.50
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