Monday, October 23, 2017

Morning Cues Oct 24 for trading by Faadoo Stocks

SGX Nifty


SGX Nifty opens weak indicating Indian markets may give a flat to negative opening

Global Cues

  • U.S. stock indexes saw their first declines in more than a week as investors prepared for a big week of earnings reports and monitored the progress of tax legislation.

  • Asian Cues
  • Japan’s Topix index was up 0.2 percent. The Nikkei 225 was flat. Australia’s S&P/ASX 200 Index was little changed and South Korea’s Kospi index was up 0.2 percent.
  • Futures on the Hang Seng Index slid 0.3 percent.
  • Futures on the S&P 500 Index were flat.
  • The CBOE VIX index jumped 11 percent, the most since Sept. 5.
These are some of the key events coming up:
  • Market focus on Thursday’s ECB meeting is intensifying. The ECB is expected to offer more insight into its plans for tapering the QE program that is currently set to continue until the end of 2017. Expectations center on a nine-month extension of the program at perhaps half the current monthly pace of 60 billion euros. ECB officials have acknowledged that stimulus is still required to nurture inflation and that interest rates will remain “at or below” current levels for the foreseeable future
  • The U.S. economy probably expanded at about a 2.5 percent annualized pace in the third quarter, restrained in part by the effects of two hurricanes, economists forecast the government to report on Friday.
  • Among other U.S. data this week, orders for big-ticket durable goods probably increased in a sign of firmer manufacturing growth.
  • Australia updates on third-quarter inflation on Wednesday, while South Korea reports on GDP and Hong Kong on imports and exports. Japan reports on CPI later in the week.
  • Companies reporting earnings this week include Alphabet Inc., Microsoft Corp. and Twitter Inc. in the technology sector. Ford Motor Co., Volkswagen AG and Boeing Co. headline cars and planes. Fast food giant McDonald’s Corp., Coca-Cola Co. and brewer Heineken NV join European banks including UBS Group AG, Deutsche Bank AG and Barclays Plc.

Commodity Cues

  • Gold traded at $1,283.16 an ounce.
  • West Texas Intermediate crude was little changed at $51.93 a barrel.

Indian ADRs



Nifty Results Today

  • Ambuja Cements
  • Asian Paints
  • HDFC Bank
  • Infosys
  • Zee Entertainment

Other Results Today

  • ABB India
  • Can Fin Homes
  • ICICI Prudential Life Insurance Company
  • Mahindra CIE Automotive
  • Rallis India
  • Raymond
  • Artson Engineering
  • Ashirwad Steels And Industries
  • Bengal And Assam Company
  • Chambal Fertilizers And Chemicals
  • GHCL
  • GKW
  • HBL Power Systems
  • Indian Metals And Ferro Alloys
  • International Paper Appm
  • Jenson And Nicholson
  • Jk Agri Genetics
  • Phillips Carbon Black
  • Radico Khaitan
  • Saregama India
  • TTK Prestige
  • Vertex Securities
  • Visa Steel

Earnings Reaction To Watch

Indiabulls Housing Finance (Q2FY18, YoY)
  • Net Interest income up 27.1 percent to Rs 1,389 crore
  • Net profit up 25.8 percent to Rs 861 crore
  • Gross NPA at 0.78 percent versus 0.80 percent (QoQ)
  • Net NPA unchanged at 0.31 percent (QoQ)
Oriental Hotels (Q2FY18, YoY)
  • Revenue up 8.7 percent to Rs 87 crore
  • EBITDA up 44 percent to Rs 13 crore
  • Margins at 14.9 percent versus 11.3 percent
  • Net profit of Rs 3 crore versus net loss of Rs 1.4 crore
Automotive Stampings (Q2FY18, YoY)
  • Revenue fell 12.5 percent to Rs 70 crore
  • EBITDA loss of Rs 8.5 crore versus loss of Rs 1 crore
  • Margins at negative 12.1 percent versus negative 1.3 percent
  • Net loss of Rs 14 crore versus net loss of Rs 4 crore

Stocks To Watch

  • Reliance Communications to merge wireless business of Sistema Shyam with itself
  • IndusInd Bank launches m-wallet with MobiKwik
  • Cochin Shipyard forms joint venture with Hooghly Dock & Port Engineers
  • SEBI disposes adjudication proceedings against Prannoy Roy
  • IVRCL Infra lenders decide to exit from corporate debt restructuring
  • Kaya to invest Rs 51 crore in Singapore-based subsidiary KME Holdings
  • State Bank of India and Escorts Limited signed MoU for financing tractors
  • Tourism minister to talk to finance minister over high GST on 5-star hotels, according to Bloomberg

Corporate Action

  • Vishal Fabrics: Ex-date for stock split from Rs 10 to Rs 5 each
  • Siyaram Silk Mills: last trading day before stock split from Rs 10 to Rs 2 per share
  • Circuit filter revised to 10 percent: Ferro Alloys, GNFC, Shiva Cements, Pondy Oxides, Balasore Alloys Circuit
  • Circuit filter revised to 5 percent: Viji Finance

Bulk Deals

Sunteck Realty
  • Fidelity Emerging Markets Fund bought 30.11 lakh shares or 2.4 percent equity stake at Rs 321.6 each
  • Shri Gopikrishna Trust sold 14.73 lakh shares or 1.2 percent equity stake at Rs 321.6 each
S Chand
  • HDFC MF bought 2.96 lakh shares or 0.9 percent equity stake at Rs 455 each
IOL Chemicals and Pharma
  • Indiastar (Mauritius) Ltd sold 11 lakh shares or 2 percent equity stake at Rs 60.22 each
Wimplast
  • Ghisulal Rathod bought 1.01 lakh shares or 0.8 percent equity stake at Rs 1300 each
MoldTek Technologies
  • N G Industries bought 3.06 lakh shares or 1.1 percent equity stake at Rs 53.5 each
  • UNO Metals sold 3.06 lakh shares or 1.1 percent equity stake at Rs 53.5 each
Viceroy Hotels
  • Canara Bank Securities sold 2.8 lakh shares or 0.7 percent equity stake at Rs 17.25 each
Amarjothi
  • Care portfolio Managers sold 37,970 shares or 0.6 percent equity stake at Rs 220.94 each
PG Electroplast
  • Satpal Khattar bought 1.65 lakh shares or 1 percent equity stake at Rs 396 each

IPO

  • General Insurance Corp to be listed on October 25
  • Mahindra Logistics sets IPO price band at Rs 425-429 per share

Who’s Meeting Whom?

  • ZEE conference call scheduled on October 24 at 2 pm
  • Endurance Tech to meet Nomura Asset Management on October 24
  • Bharat Forge to meet DSP Blackrock on October 24
  • M&M Finance investors call on October 26
  • Vakrangee to meet investors in Edinburgh, Scotland on October 27
  • Godrej Properties conference call on November 3
  • Tata Coffee analyst call on November 8

Insider Trades

  • Borosil Glass promoter sold 20,751 shares in open market on October 18
  • Aarti Drugs promoter acquired 43,700 shares off market on October 17

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