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Saturday, April 1, 2017
Free Currency Tips - USDINR,EURINR,GBPINR,JPYINR india : 03.04.2017
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Import and Export -Exim Currency Guide for Hedging : 03.04.2017
Import and Export -Exim Currency Guide for Hedging : 03.04.2017
Hedging is a way for a company to minimize or eliminate foreign exchange risk
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Hedging is a way for a company to minimize or eliminate foreign exchange risk. Two common hedges are forward contracts and options. A forward contract will lock in an exchange rate today at which the currency transaction will occur at the future date.What is hedging in foreign exchange?
By using a forex hedge properly, a trader who is long a foreign currency pair can be protected from downside risk, while the trader who is short a foreign currency pair can protect against upside risk.
What is a money market hedge?
A money market hedge is a technique for hedging foreign exchange risk using the money market, the financial market in which highly liquid and short-term instruments like Treasury bills, bankers' acceptances and commercial paper are traded.
What is hedging in trading?
Hedging against investment risk means strategically using instruments in the market to offset the risk of any adverse price movements. In other words, investors hedge one investment by making another. Technically, to hedge you would invest in two securities with negative correlations
Indian Market Outlook for the week – 03 to 07.04.2017
Indian Market Outlook for the week – 03 to 07.04.2017
Indian Market Outlook for the week – 03 to 07.04.2017
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Benchmark equity indices are seen trading in a narrow range next week with a positive bias as investors are likely to look at global markets for cues. The outcome of the Reserve Bank of India's bi-monthly monetary policy for 2017-18 (Apr-Mar) on Wednesday and Thursday will also lend cues to
the markets. At the RBI's last monetary policy meeting in February, the monetary policy committee, had left the repo rate unchanged at 6.25% and shifted the stance of the monetary policy to 'neutral' from accommodative. Markets will be closed on Tuesday due to Ram Navami festival. Even though the central bank is likely to maintain status quo on interest rates, market is expecting announcements of some steps to mitigate the bad loan problems in the banking sector. This follows Finance Minister Arun Jaitley's comments last week on "some decision" on the burning issue of the banking sector's non-performing assets. The finance minister had said that there is some policy decision between the RBI and government that will put adequate pressure on defaulters to settle their debt. We expect this is a positive mainly for stocks of state-owned banks, which are expected to continue their upward trend next week. Today, the Nifty ended flat at 9173.75 points, and the Nifty Bank Index fell 176.55 points, or 0.8% at 21444.15 points. In March, the Nifty 50 was up 3.3%, while the Nifty Bank was up 4.1%. Stocks of cement and infrastructure companies are also likely to be active on hopes of an increased focus of the government of developing infrastructure in the new financial year. The stock markets don't look bad to me and any corrections in the stock markets even because of any weakness in global markets will be viewed as an opportunity to buy local shares. We do not expect a rate cut by the RBI, but the strong foreign fund flows, the strength in the rupee, and the roll out of the GST (Goods and Services Tax) on Jul 1 as positives for the stock markets. The Nifty 50 is likely to range 9125-9225 next week. Among stocks which could be under watch and face some pressure will be shares of automobile companies, ahead of their monthly sales numbers, and information technology stocks ahead of their Jan- Mar results to be announced in Apr. Focus will be on the monthly sales figures of automobile companies for March. While the shares of companies manufacturing passenger car, scooter, and motorcycle may not suffer, those of commercial vehicle makers may be under pressure. Commercial vehicle makers like Tata Motors and Ashok Leyland are offering steep discounts as the ban on sale and registration of Bharat Stage-III compliant vehicles kicks in Saturday. Among heavy marketweight stocks, shares of Reliance Industries are likely to be in focus on market talk that its telecom arm Reliance Jio Infocomm will be launching new tariff plans in the near term.
Source : Cogencis Information Services Ltd.
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Indian Market Outlook for the week – 03 to 07.04.2017
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Benchmark equity indices are seen trading in a narrow range next week with a positive bias as investors are likely to look at global markets for cues. The outcome of the Reserve Bank of India's bi-monthly monetary policy for 2017-18 (Apr-Mar) on Wednesday and Thursday will also lend cues to
the markets. At the RBI's last monetary policy meeting in February, the monetary policy committee, had left the repo rate unchanged at 6.25% and shifted the stance of the monetary policy to 'neutral' from accommodative. Markets will be closed on Tuesday due to Ram Navami festival. Even though the central bank is likely to maintain status quo on interest rates, market is expecting announcements of some steps to mitigate the bad loan problems in the banking sector. This follows Finance Minister Arun Jaitley's comments last week on "some decision" on the burning issue of the banking sector's non-performing assets. The finance minister had said that there is some policy decision between the RBI and government that will put adequate pressure on defaulters to settle their debt. We expect this is a positive mainly for stocks of state-owned banks, which are expected to continue their upward trend next week. Today, the Nifty ended flat at 9173.75 points, and the Nifty Bank Index fell 176.55 points, or 0.8% at 21444.15 points. In March, the Nifty 50 was up 3.3%, while the Nifty Bank was up 4.1%. Stocks of cement and infrastructure companies are also likely to be active on hopes of an increased focus of the government of developing infrastructure in the new financial year. The stock markets don't look bad to me and any corrections in the stock markets even because of any weakness in global markets will be viewed as an opportunity to buy local shares. We do not expect a rate cut by the RBI, but the strong foreign fund flows, the strength in the rupee, and the roll out of the GST (Goods and Services Tax) on Jul 1 as positives for the stock markets. The Nifty 50 is likely to range 9125-9225 next week. Among stocks which could be under watch and face some pressure will be shares of automobile companies, ahead of their monthly sales numbers, and information technology stocks ahead of their Jan- Mar results to be announced in Apr. Focus will be on the monthly sales figures of automobile companies for March. While the shares of companies manufacturing passenger car, scooter, and motorcycle may not suffer, those of commercial vehicle makers may be under pressure. Commercial vehicle makers like Tata Motors and Ashok Leyland are offering steep discounts as the ban on sale and registration of Bharat Stage-III compliant vehicles kicks in Saturday. Among heavy marketweight stocks, shares of Reliance Industries are likely to be in focus on market talk that its telecom arm Reliance Jio Infocomm will be launching new tariff plans in the near term.
Source : Cogencis Information Services Ltd.
Bank Stocks Outlook for the week – 03 to 07.04.2017
Bank Stocks Outlook for the week – 03 to 07.04.2017
Bank Stocks Outlook for the week – 03 to 07.04.2017
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Bank stocks are expected to be volatile in the coming week, ahead of the first bi-monthly monetary policy for 2017-18 (Apr-Mar) by the Reserve Bank of India's Monetary Policy Committee. The Nifty Bank index is likely to find support at 21200 levels, ICICIdirect.com said in a report. Technically, it (Nifty Bank) still looks robust and has potential to test much higher levels. The RBI's Monetary Policy Committee will detail its policy statement after the conclusion of its two-day meeting on Thursday. Though the central bank is likely to maintain status quo on policy rates, investors will wait announcements on new steps on the resolution of non-performing assets. The finance ministry is yet to announce new norms on resolution of the bad loans of banks. Banks have to clean up their balance sheets by Mar 31, a deadline set following the RBI's asset quality review in 2015. At its last meeting, the Monetary Policy Committee surprised markets by leaving the policy rates unchanged at 6.25% and shifting its stance on monetary policy to neutral from accommodative. All eyes are on the RBI policy meet which is scheduled next week and as a result, rate-sensitive will continue to trade volatile. We suggest keeping leveraged positions hedged and avoid contrarian trades," Ahead of the policy meeting, RBI Governor Urjit Patel had met Finance Minister Arun Jaitley, Cogencis had reported, citing government sources. Investors will also track the rupee's movement against the dollar, as recent strength in the Indian unit has triggered some positive sentiment, aiding gains in equities.
Source : Cogencis Information Services Ltd
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Bank Stocks Outlook for the week – 03 to 07.04.2017
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Bank stocks are expected to be volatile in the coming week, ahead of the first bi-monthly monetary policy for 2017-18 (Apr-Mar) by the Reserve Bank of India's Monetary Policy Committee. The Nifty Bank index is likely to find support at 21200 levels, ICICIdirect.com said in a report. Technically, it (Nifty Bank) still looks robust and has potential to test much higher levels. The RBI's Monetary Policy Committee will detail its policy statement after the conclusion of its two-day meeting on Thursday. Though the central bank is likely to maintain status quo on policy rates, investors will wait announcements on new steps on the resolution of non-performing assets. The finance ministry is yet to announce new norms on resolution of the bad loans of banks. Banks have to clean up their balance sheets by Mar 31, a deadline set following the RBI's asset quality review in 2015. At its last meeting, the Monetary Policy Committee surprised markets by leaving the policy rates unchanged at 6.25% and shifting its stance on monetary policy to neutral from accommodative. All eyes are on the RBI policy meet which is scheduled next week and as a result, rate-sensitive will continue to trade volatile. We suggest keeping leveraged positions hedged and avoid contrarian trades," Ahead of the policy meeting, RBI Governor Urjit Patel had met Finance Minister Arun Jaitley, Cogencis had reported, citing government sources. Investors will also track the rupee's movement against the dollar, as recent strength in the Indian unit has triggered some positive sentiment, aiding gains in equities.
Source : Cogencis Information Services Ltd
FMCG Stocks Outlook for the week – 03 to 07.04.2017
FMCG Stocks Outlook for the week – 03 to 07.04.2017
FMCG Stocks Outlook for the week – 03 to 07.04.2017
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Stocks of fast moving consumer goods companies are seen gaining more in the coming week, as domestic business of most entities in the sector has returned to near pre-demonetisation levels. Though sales in some discretionary items are still lagging, Jan-Mar is likely to be the best quarter for 2016-17 (Apr-Mar), both in terms of sales growth and gross margins driven by new product launches, remonetisation and pricing-led growth. The focus of companies as well as of most market participants will now shift to the final tax rates under the goods and services tax, Bills related to which were passed by the Lok Sabha on Mar 29. The GST council will next meet on May 18-19 in Srinagar to discuss the fitment of goods and services in various tax slabs--0%, 5%, 12%, 18%, and 28%. Companies such as Britannia Industries Ltd would like to focus on premiumisation across product categories to tap more consumers in urban markets. In the rural segment, increased distribution could be the key. Increased expansion of the distribution network in rural areas and augmentation of the 'Tiger' portfolio would bridge the gap between Parle (Parle Products Pvt Ltd) and Britannia in rural markets. Parle Products is among the largest domestic biscuit manufacturers in India. Among other bellwether companies, Hindustan Unilever Ltd is seeing growth in demand in the retail channel, but the wholesale channel is yet to return to pre-demonetisation levels. However, the company is expecting improvement in growth driven by revival in rural demand and indicated that GST will not have any impact on volumes as company has been focusing on keeping inventory levels low at the wholesale channel since last one year.
Source : Cogencis Information Services Ltd.
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FMCG Stocks Outlook for the week – 03 to 07.04.2017
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Source : Cogencis Information Services Ltd.
Pharma Stocks Outlook for the week – 03 to 07.04.2017
Pharma Stocks Outlook for the week – 03 to 07.04.2017
Pharma Stocks Outlook for the week – 03 to 07.04.2017
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Stocks of pharmaceutical companies are expected to be subdued next week as investors remain wary of the sector due to concerns over regulatory issues with the US Food and Drug Administration. We remain cautious of the sector in the near-term...in the long-term the growth story remains positive.
Traders expect stock-specific activity in the sector as investors are still hunting for value. Fund managers believe that the sector remains one of the only pockets offering "value" in the market. All the bad news related to the sector is in the price now of pharma stocks," said a chief strategist of a mutual fund here. The large-cap stocks are expected to underperform their mid-cap peers next week due to investors’ preference for the mid-cap space. Midcap, small cap stocks are showing a lot of momentum. Stocks of the largest drug manufacturer in the country, Sun Pharmaceutical Industries, are expected to remain rangebound next week. Dr Reddy's Laboratories' stock is expected to remain subdued, that a positive outcome from a possible inspection at the company's Srikakulam plant in Visakhapatnam could trigger a relief rally given the attractive valuation. Investors, though, will be hoping that the recent positive results for Sun Pharmaceuticals Industries' Mohali unit and Alkem Laboratories Ankalaeshwar plant could see more companies getting positive results from the US drug regulator's inspection.
Source : Cogencis Information Services Ltd
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Pharma Stocks Outlook for the week – 03 to 07.04.2017
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Stocks of pharmaceutical companies are expected to be subdued next week as investors remain wary of the sector due to concerns over regulatory issues with the US Food and Drug Administration. We remain cautious of the sector in the near-term...in the long-term the growth story remains positive.
Traders expect stock-specific activity in the sector as investors are still hunting for value. Fund managers believe that the sector remains one of the only pockets offering "value" in the market. All the bad news related to the sector is in the price now of pharma stocks," said a chief strategist of a mutual fund here. The large-cap stocks are expected to underperform their mid-cap peers next week due to investors’ preference for the mid-cap space. Midcap, small cap stocks are showing a lot of momentum. Stocks of the largest drug manufacturer in the country, Sun Pharmaceutical Industries, are expected to remain rangebound next week. Dr Reddy's Laboratories' stock is expected to remain subdued, that a positive outcome from a possible inspection at the company's Srikakulam plant in Visakhapatnam could trigger a relief rally given the attractive valuation. Investors, though, will be hoping that the recent positive results for Sun Pharmaceuticals Industries' Mohali unit and Alkem Laboratories Ankalaeshwar plant could see more companies getting positive results from the US drug regulator's inspection.
Source : Cogencis Information Services Ltd
Telecom Stocks Outlook for the week – 03 to 07.04.2017
Telecom Stocks Outlook for the week – 03 to 07.04.2017
Telecom Stocks Outlook for the week – 03 to 07.04.2017
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Movement in the shares of telecommunication companies next week may take cues from a likely
announcement by Reliance Jio Infocomm Ltd on the number of subscribers under its Prime membership plan. The Reliance Industries Ltd subsidiary, which had initially offered free data and voice services to subscribers, had on Feb 21 announced that users could sign up for its Prime membership plan till today. Prime membership entails a one-time subscription charge of 99 rupees a year. Prime members enjoy more data usage on the same tariff plan compared to non-Prime members. Most operators in the telecom sector are facing stiff pricing pressure after RJio's entry, and have offered similarly priced plans. In a move seen as a response to the tariff war, Idea today announced a new 300-rupee data pack, available for subscription till Apr 30, offering 1 GB of fourth-generation data a day for a month. The pack can be availed by postpaid customers on limited rental plans of 199 rupees or higher. Though it is priced at 300 rupees, it is being offered free to all postpaid customers on rental plans of 499 rupees or higher. On Thursday, Mahanagar Telephone Nigam Ltd announced a promotional 319-rupee offer for subscribers in Mumbai and Delhi. Under this, 2 GB of third-generation data a day would be provided for a month, with unlimited calls across the MTNL network. While Reliance Communications has slashed the rates of its data packs, Bharat Sanchar Nigam Ltd announced a prepaid pack that provides 2 GB of data per day, and unlimited calls within its network at 339 rupees with a validity of 28 days. Telecom companies will continue to witness pressure on their average revenue per user for the next few quarters, owing to competition from RJio's aggressive tariff plans. The financial results of Bharti Airtel and Idea Cellular for the March quarter were likely to be hit. Last week, ratings agency ICRA Ltd said that the ongoing pricing pressure triggered by the entry of RJio, stress on operating metrics in the telecom sector, and rising debt levels were seen weighing on the financial performance of telecom companies for 2016-17 (Apr-Mar). Rising competition in the sector has also led to consolidation. Bharti Airtel last week announced a definitive agreement with Tikona Digital Networks Pvt Ltd to acquire its 4G business for about 16 bln rupees. This is Bharti Airtel's second acquisition since RJio entered the telecom sector. On Feb 23, Bharti Airtel had announced it would acquire the spectrum, licences, operations, and the employees of the Indian arm of Norway's Telenor ASA. Meanwhile, the Parliamentary Committee on Petitions earlier this month asked the government to set up an expert committee to look into a possible merger of MTNL and Bharat Sanchar Nigam Ltd. Vodafone India Ltd and Idea Cellular have also announced a merger, which is pending regulatory approvals. Mixed views on the Vodafone-Idea merger, as the outlook for both the companies in the near term does not look good due to longer transaction period and continued erosion of operating profit in the near term. Stocks of Idea Cellular have fallen almost 5.6% this week.
Source : Cogencis Information Services Ltd.
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Telecom Stocks Outlook for the week – 03 to 07.04.2017
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Movement in the shares of telecommunication companies next week may take cues from a likely
announcement by Reliance Jio Infocomm Ltd on the number of subscribers under its Prime membership plan. The Reliance Industries Ltd subsidiary, which had initially offered free data and voice services to subscribers, had on Feb 21 announced that users could sign up for its Prime membership plan till today. Prime membership entails a one-time subscription charge of 99 rupees a year. Prime members enjoy more data usage on the same tariff plan compared to non-Prime members. Most operators in the telecom sector are facing stiff pricing pressure after RJio's entry, and have offered similarly priced plans. In a move seen as a response to the tariff war, Idea today announced a new 300-rupee data pack, available for subscription till Apr 30, offering 1 GB of fourth-generation data a day for a month. The pack can be availed by postpaid customers on limited rental plans of 199 rupees or higher. Though it is priced at 300 rupees, it is being offered free to all postpaid customers on rental plans of 499 rupees or higher. On Thursday, Mahanagar Telephone Nigam Ltd announced a promotional 319-rupee offer for subscribers in Mumbai and Delhi. Under this, 2 GB of third-generation data a day would be provided for a month, with unlimited calls across the MTNL network. While Reliance Communications has slashed the rates of its data packs, Bharat Sanchar Nigam Ltd announced a prepaid pack that provides 2 GB of data per day, and unlimited calls within its network at 339 rupees with a validity of 28 days. Telecom companies will continue to witness pressure on their average revenue per user for the next few quarters, owing to competition from RJio's aggressive tariff plans. The financial results of Bharti Airtel and Idea Cellular for the March quarter were likely to be hit. Last week, ratings agency ICRA Ltd said that the ongoing pricing pressure triggered by the entry of RJio, stress on operating metrics in the telecom sector, and rising debt levels were seen weighing on the financial performance of telecom companies for 2016-17 (Apr-Mar). Rising competition in the sector has also led to consolidation. Bharti Airtel last week announced a definitive agreement with Tikona Digital Networks Pvt Ltd to acquire its 4G business for about 16 bln rupees. This is Bharti Airtel's second acquisition since RJio entered the telecom sector. On Feb 23, Bharti Airtel had announced it would acquire the spectrum, licences, operations, and the employees of the Indian arm of Norway's Telenor ASA. Meanwhile, the Parliamentary Committee on Petitions earlier this month asked the government to set up an expert committee to look into a possible merger of MTNL and Bharat Sanchar Nigam Ltd. Vodafone India Ltd and Idea Cellular have also announced a merger, which is pending regulatory approvals. Mixed views on the Vodafone-Idea merger, as the outlook for both the companies in the near term does not look good due to longer transaction period and continued erosion of operating profit in the near term. Stocks of Idea Cellular have fallen almost 5.6% this week.
Source : Cogencis Information Services Ltd.
Auto Stocks Outlook for the week – 03 to 07.04.2017
Auto Stocks Outlook for the week – 03 to 07.04.2017
Auto Stocks Outlook for the week – 03 to 07.04.2017
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Nifty Auto index is seen rising next week are bullish on the segment and expect shares of most auto
companies to trade with a positive bias. The Supreme Court order banning sale of Bharat Stage-III
compliant vehicles from Apr 1 is likely to cause only a short-term disruption.
The SC order was just a short-term disruption. Stock of worst-hit companies like Ashok Leyland and Tata Motors has already shown a recovery yesterday. The Society of Indian Automobile Manufacturers called the Supreme Court decision "unfair" and said it will cause undue stress to the industry. India's largest commercial vehicle maker, Tata Motors Ltd, said the "unexpected and unprecedented" decision will cause material impact to the\ entire automotive industry, original equipment manufacturers, and dealerships. With no time left to clear the inventory, companies have formed alternative strategy. Ashok Leyland Ltd said it will export the inventory to markets which have norms similar to BS-III, or may also upgrade them to BS-IV at minimal cost. Tata Motors, which derives nearly 100% of its profits from subsidiary Jaguar Land Rover, would not see any long-term effect of this move. The move will lead to small write-offs for these companies. But, this effect can also be minimized with exporting that inventory, converting them to BS-IV, or even dismantling and using the parts again. Stocks of India's largest two-wheeler manufacturer, Hero MotoCotp Ltd, had also taken a hit after the Supreme Court order. The company is sitting on an inventory of 320,000 two-wheelers, according to various industry insiders. The two-wheeler maker, along with its peers Bajaj Auto Ltd, also welcomed the move and said that it had planned a proactive approach to switch to BS-IV compliant prod.
Source : Cogencis Information Services Ltd.
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Auto Stocks Outlook for the week – 03 to 07.04.2017
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Nifty Auto index is seen rising next week are bullish on the segment and expect shares of most auto
companies to trade with a positive bias. The Supreme Court order banning sale of Bharat Stage-III
compliant vehicles from Apr 1 is likely to cause only a short-term disruption.
The SC order was just a short-term disruption. Stock of worst-hit companies like Ashok Leyland and Tata Motors has already shown a recovery yesterday. The Society of Indian Automobile Manufacturers called the Supreme Court decision "unfair" and said it will cause undue stress to the industry. India's largest commercial vehicle maker, Tata Motors Ltd, said the "unexpected and unprecedented" decision will cause material impact to the\ entire automotive industry, original equipment manufacturers, and dealerships. With no time left to clear the inventory, companies have formed alternative strategy. Ashok Leyland Ltd said it will export the inventory to markets which have norms similar to BS-III, or may also upgrade them to BS-IV at minimal cost. Tata Motors, which derives nearly 100% of its profits from subsidiary Jaguar Land Rover, would not see any long-term effect of this move. The move will lead to small write-offs for these companies. But, this effect can also be minimized with exporting that inventory, converting them to BS-IV, or even dismantling and using the parts again. Stocks of India's largest two-wheeler manufacturer, Hero MotoCotp Ltd, had also taken a hit after the Supreme Court order. The company is sitting on an inventory of 320,000 two-wheelers, according to various industry insiders. The two-wheeler maker, along with its peers Bajaj Auto Ltd, also welcomed the move and said that it had planned a proactive approach to switch to BS-IV compliant prod.
Source : Cogencis Information Services Ltd.
Cement Stocks Outlook for the week – 03 to 07.04.2017
Cement Stocks Outlook for the week – 03 to 07.04.2017
Cement Stocks Outlook for the week – 03 to 07.04.2017
Stocks of cement companies are likely to rise next week as demand for cement is seen rising in 2017-18 (Apr-Mar). Demand for cement, which was hit by the government's decision to demonetise high-value currency notes in November, has been recovering steadily since mid-January as the availability of currency notes has improved. This has provided room for cement companies to raise prices.
Cement manufacturers have raised the prices by 5-30 rupees per bag since January. The impact of
demonetisation is almost over. We see demand improving next fiscal helped by infrastructure segment and affordable housing. Finance Minister Arun Jaitley had allocated a record 3.96 trln rupees to infrastructure in the Union Budget for 2017-18, up 10.5% from 2016-17. The Budget also accorded infrastructure status to affordable housing. This move is likely to boost real estate sector and improve cement demand. However, high cost of petroleum coke and diesel may drag cement companies' profit in the coming quarters. Prices of petroleum coke, which is widely used by cement companies as a fuel, had touched a high of 6,700 rupees per tn in November before falling marginally and stabilising. Diesel prices too rose 28% and 32% on year in January and February, respectively.
Source : Cogencis Information Services Ltd
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Cement Stocks Outlook for the week – 03 to 07.04.2017
Stocks of cement companies are likely to rise next week as demand for cement is seen rising in 2017-18 (Apr-Mar). Demand for cement, which was hit by the government's decision to demonetise high-value currency notes in November, has been recovering steadily since mid-January as the availability of currency notes has improved. This has provided room for cement companies to raise prices.
Cement manufacturers have raised the prices by 5-30 rupees per bag since January. The impact of
demonetisation is almost over. We see demand improving next fiscal helped by infrastructure segment and affordable housing. Finance Minister Arun Jaitley had allocated a record 3.96 trln rupees to infrastructure in the Union Budget for 2017-18, up 10.5% from 2016-17. The Budget also accorded infrastructure status to affordable housing. This move is likely to boost real estate sector and improve cement demand. However, high cost of petroleum coke and diesel may drag cement companies' profit in the coming quarters. Prices of petroleum coke, which is widely used by cement companies as a fuel, had touched a high of 6,700 rupees per tn in November before falling marginally and stabilising. Diesel prices too rose 28% and 32% on year in January and February, respectively.
Source : Cogencis Information Services Ltd
Oil Stocks Outlook for the week – 03 to 07.04.2017
Oil Stocks Outlook for the week – 03 to 07.04.2017
Oil Stocks Outlook for the week – 03 to 07.04.2017
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Stocks of oil exploration companies are likely to be subdued next week as an appreciation of the rupee for the sixth straight week is seen weighing on their realisations. This week, the Indian currency hit its highest level since October 2015 at 64.8025 per dollar, from 67-odd levels in mid-February. The recurring impact on Cairn India's earnings will be relatively lower at 3-3.5% due to higher contribution of other income in its net profits. State-owned oil retailers are also likely to be hit by the appreciation in the rupee Earnings of downstream companies (BPCL, HPCL and IOCL) will be impacted by 1-3% assuming a 2 rupee/dollar appreciation in the Indian rupee, led by the lower profitability of refining segment. Reliance Industries, a likely announcement by subsidiary Reliance Jio Infocomm on the number of subscribers under its Prime membership plan will be key for the stock next week.
Source : Cogencis Information Services Ltd
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Oil Stocks Outlook for the week – 03 to 07.04.2017
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Stocks of oil exploration companies are likely to be subdued next week as an appreciation of the rupee for the sixth straight week is seen weighing on their realisations. This week, the Indian currency hit its highest level since October 2015 at 64.8025 per dollar, from 67-odd levels in mid-February. The recurring impact on Cairn India's earnings will be relatively lower at 3-3.5% due to higher contribution of other income in its net profits. State-owned oil retailers are also likely to be hit by the appreciation in the rupee Earnings of downstream companies (BPCL, HPCL and IOCL) will be impacted by 1-3% assuming a 2 rupee/dollar appreciation in the Indian rupee, led by the lower profitability of refining segment. Reliance Industries, a likely announcement by subsidiary Reliance Jio Infocomm on the number of subscribers under its Prime membership plan will be key for the stock next week.
Source : Cogencis Information Services Ltd
Metal Stocks Outlook for the week – 03 to 07.04.2017
Metal Stocks Outlook for the week – 03 to 07.04.2017
Metal Stocks Outlook for the week – 03 to 07.04.2017
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Stocks of metal and mining companies are likely to stay in a narrow range next week in the absence of triggers, even as the underlying momentum remains positive. These companies ended mixed this week, with Hindustan Zinc losing close to 11% on going ex-dividend. Hindustan Zinc ended lower this week after gaining 15% in two weeks. The broader market, too, is expected to consolidate next week even as it focuses on monthly automobile sales numbers and the Reserve Bank of India's monetary policy. Keeping the positive momentum intact for stocks of metal and mining companies will be the recent manufacturing data from China for March, which showed a growth in the economy. Expectation of further capacity cuts from the world's second largest economy could also keep the sentiment strong for local producers, as it will help maintain a floor for product prices. Over the medium term, the local government's thrust on infrastructure is also seen helping demand revive. On technical charts, shares of Vedanta are seen extending gains. The stock has ended higher for the third week in a row last trading day, and also tested its highest level in over 30 months. On Thursday, the company approved an interim dividend of 17.70 rupees per share. This week, the stock is seen rising up to 290 rupees. Hindalco Industries is also seen performing well next week. The stock ended flat this week, but is seen rising up to 210 rupees next week.
Source : Cogencis Information Services Ltd.
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Metal Stocks Outlook for the week – 03 to 07.04.2017
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Stocks of metal and mining companies are likely to stay in a narrow range next week in the absence of triggers, even as the underlying momentum remains positive. These companies ended mixed this week, with Hindustan Zinc losing close to 11% on going ex-dividend. Hindustan Zinc ended lower this week after gaining 15% in two weeks. The broader market, too, is expected to consolidate next week even as it focuses on monthly automobile sales numbers and the Reserve Bank of India's monetary policy. Keeping the positive momentum intact for stocks of metal and mining companies will be the recent manufacturing data from China for March, which showed a growth in the economy. Expectation of further capacity cuts from the world's second largest economy could also keep the sentiment strong for local producers, as it will help maintain a floor for product prices. Over the medium term, the local government's thrust on infrastructure is also seen helping demand revive. On technical charts, shares of Vedanta are seen extending gains. The stock has ended higher for the third week in a row last trading day, and also tested its highest level in over 30 months. On Thursday, the company approved an interim dividend of 17.70 rupees per share. This week, the stock is seen rising up to 290 rupees. Hindalco Industries is also seen performing well next week. The stock ended flat this week, but is seen rising up to 210 rupees next week.
Source : Cogencis Information Services Ltd.
31.03.2017 CURRENCY NET PROFIT 44 Paise ( (HNI PACK)High Networth)
31.03.2017 CURRENCY NET PROFIT 44 Paise ( (HNI PACK)High Networth )
Buy USDINR SA 65.03 SL 64.98 Target 65.08 / 65.13 / 65.18 (Profit 10 Paise Per Lot)
Buy EURINR SA 69.57 SL 69.45 Target 69.69 / 69.81 / 69.93 (Profit 12 Paise Per Lot)
Short GBPINR SB 81.18 SL 81.30 Target 81.06 / 80.94 / 80.82 (Profit 12 Paise Per Lot)
Short JPYINR Sb 58.11 SL 58.23 Target 57.99 / 57.87 / 57.75 (Profit 6 Paise Per Lot)
Buy JPYINR SA 58.23 SL 58.15 Target 58.31 / 58.39 / 58.47 (Loss -4 Paise Per Lot)
Buy JPYINR SA 58.25 SL 58.17 Target 58.33 / 58.41 / 58.49 (Profit 8 Paise Per Lot)
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Buy USDINR SA 65.03 SL 64.98 Target 65.08 / 65.13 / 65.18 (Profit 10 Paise Per Lot)
Buy EURINR SA 69.57 SL 69.45 Target 69.69 / 69.81 / 69.93 (Profit 12 Paise Per Lot)
Short GBPINR SB 81.18 SL 81.30 Target 81.06 / 80.94 / 80.82 (Profit 12 Paise Per Lot)
Short JPYINR Sb 58.11 SL 58.23 Target 57.99 / 57.87 / 57.75 (Profit 6 Paise Per Lot)
Buy JPYINR SA 58.23 SL 58.15 Target 58.31 / 58.39 / 58.47 (Loss -4 Paise Per Lot)
Buy JPYINR SA 58.25 SL 58.17 Target 58.33 / 58.41 / 58.49 (Profit 8 Paise Per Lot)
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31.03.2017 STOCK OPTION PROFIT : Rs.43800(PREMIUM CORPORATE PACK)
31.03.2017 STOCK OPTION PROFIT : Rs.43800(PREMIUM CORPORATE PACK)
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STRIKE 115 : Buy ADANIENT(CE) Sa 2 SL 1.0 Target 3.9 / 5.7 / 7.6(Profit 8000 per lot)
STRIKE 1300 : Buy RELIANCE(CE) Sa 22.3 SL 13.4 Target 31.2 / 40.1 / 49.1(Profit 13400 per lot)
STRIKE 200 : Buy HINDALCO(CE) Sa 4.8 SL 1.3 Target 9.3 / 13.7 / 18.2(Profit 5400 per lot)
STRIKE 310 : Buy CAIRN(CE) Sa 6 SL 1.0 Target 11.6 / 17.2 / 22.7(Profit 10100 per lot)
STRIKE 620 :Buy RELCAPITAL(CE) Sa 22.8 SL 13.7 Target 31.9 / 41.0 / 50.2(Profit 6900 per lot)
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31.03.2017 STOCK FUTURE PROFIT : Rs.103600(PREMIUM CORPORATE PACK)
31.03.2017 STOCK FUTURE PROFIT : Rs.103600(PREMIUM CORPORATE PACK)
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Buy KOTAKBANK FUT SA 867.2 SL 859.9 Target 874.5 / 881.8 / 889.1(Profit 11800 per lot)
Buy CAIRN FUT SA 302.0 SL 299.5 Target 304.5 / 307.1 / 309.6(Profit 28300 per lot)
Buy Hindalco Fut SA 193.5 SL 191.9 Target 195.1 / 196.8 / 198.4(Profit 11500 per lot)
Buy ADANIENT FUT SA 106.0 SL 105.1 Target 106.9 / 107.8 / 108.7(Profit 35200 per lot)
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31.03.2017 EQUITY CASH PROFIT ( PREMIUM CORPORATE PACK)
31.03.2017 EQUITY CASH PROFIT ( PREMIUM CORPORATE PACK)
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Short PNB Sb 150.7 SL 151.8 Target 149.6 / 148.4 / 147.3(TARGET 1)
Buy Hindalco SA 191.9 SL 190.2 Target 193.5 / 195.1 / 196.7(TARGET 2)
Buy RELCAPITAL SA 611.0 SL 606.4 Target 615.6 / 620.2 / 624.7(TARGET 1)
Buy CAIRN SA 301.0 SL 298.7 Target 303.3 / 305.5 / 307.8(TARGET 3)
Buy HINDPETRO SA 517.3 SL 513.4 Target 521.2 / 525.1 / 528.9(TARGET 3)
Buy Hindalco SA 191.9 SL 190.2 Target 193.5 / 195.1 / 196.7(TARGET 2)
Buy RELCAPITAL SA 611.0 SL 606.4 Target 615.6 / 620.2 / 624.7(TARGET 1)
Buy CAIRN SA 301.0 SL 298.7 Target 303.3 / 305.5 / 307.8(TARGET 3)
Buy HINDPETRO SA 517.3 SL 513.4 Target 521.2 / 525.1 / 528.9(TARGET 3)
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31.3.2017 COMMODITY PROFIT : Rs.51700( PREMIUM CORPORATE PACK)
31.3.2017 COMMODITY PROFIT : Rs.51700( PREMIUM CORPORATE PACK)
Short COPPER Sb 382.0 SL 384.5 Target 379.5 / 377.0 / 374.4(Profit 3700 per lot)
Buy CRUDEOIL SA 3267 SL 3228 Target 3306 / 3345 / 3385(Profit 2100 per lot)
Buy GOLD SA 28450 SL 28339 Target 28561 / 28672 / 28783(Profit 7700 per lot)
Short LEAD Sb 150.0 SL 151.0 Target 149.0 / 148.0 / 147.0(Profit 6000 per lot)
Buy NATURALGAS SA 208.5 SL 206.0 Target 211.0 / 213.5 / 216.0(Profit 2100 per lot)
Short NICKEL Sb 651.0 SL 657.5 Target 644.5 / 638.0 / 631.5(Profit 1300 per lot)
Buy SILVER SA 42000 SL 41723 Target 42277 / 42554 / 42832(Profit 10800 per lot)
Short ZINC Sb 182.0 SL 183.2 Target 180.8 / 179.6 / 178.4 (Profit 18000 per lot)
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Short COPPER Sb 382.0 SL 384.5 Target 379.5 / 377.0 / 374.4(Profit 3700 per lot)
Buy CRUDEOIL SA 3267 SL 3228 Target 3306 / 3345 / 3385(Profit 2100 per lot)
Buy GOLD SA 28450 SL 28339 Target 28561 / 28672 / 28783(Profit 7700 per lot)
Short LEAD Sb 150.0 SL 151.0 Target 149.0 / 148.0 / 147.0(Profit 6000 per lot)
Buy NATURALGAS SA 208.5 SL 206.0 Target 211.0 / 213.5 / 216.0(Profit 2100 per lot)
Short NICKEL Sb 651.0 SL 657.5 Target 644.5 / 638.0 / 631.5(Profit 1300 per lot)
Buy SILVER SA 42000 SL 41723 Target 42277 / 42554 / 42832(Profit 10800 per lot)
Short ZINC Sb 182.0 SL 183.2 Target 180.8 / 179.6 / 178.4 (Profit 18000 per lot)
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