Closing Bell

Key market indices extended their upwward journey as investors bought equities on hopes that the Modi government would return to power with a clear majority. The Hindu Businessline reported yesterday that large bookies, currently in Dubai, have pegged their odds projecting at least 245-250 seats to the Bhartiya Janata Party (BJP) in the upcoming polls. BJP’s arch-rival Indian National Congress (INC) is expected to be restricted at around 75-77 seats

Earlier in the day, indices opened flat as market players were slightly cautious on reports that the industrial output growth declined below 2 per cent in January and Inflation rose to a four-month high of 2.57 per cent in February amid stronger oil prices.

The BSE benchmark Sensex ended higher by 216.51 points ,  at 37,752.17. During intraday,the Sensex ranged between a low of 37,478.87 and a high of 37,797.29.

The NSE Nifty was up 40.50 points and settled at 11,341.70.

Top gainers today were IndusInd Bank that rose by 4.30% at Rs 1,636.90, YES Bank, up by 3.55% at Rs 244, Bajaj Finance gained 2.87% at Rs 2,832, SBI scored 2.42% gain at Rs 293.25 and Hind Petro , up by 2.35% at Rs 268.

 

3.30 pm

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LARGECAP STOCKS ON BSE

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LARGECAP STOCKS ON BSE

 

3.25 pm

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BSE SECTORAL INDICES

 

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3.15 pm

VOLUME GAINERS ON NSE

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VOLUME GAINERS ON NSE

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Ajmera Realty & Infra India (₹185.8): Buy

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Bhartiya International opens marketing office at Milan
 

 

3.10 pm

NEW 52-WEEK HIGHS ON NSE

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NEW 52-WEEK HIGHS ON NSE

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Arvind Fashions shares jump 5 per cent in debut trade

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Arvind’s demerged arm Anup Engg listing today

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Capri Global Housing to target lending at homes, SMEs in smaller cities

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Capri Global Capital board approves stock split
 

3 pm

TOP MIDCAP GAINERS ON NSE

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TOP MIDCAP GAINERS ON NSE

 

2.50 pm

 

NIFTY NEXT 50 GAINERS

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Nifty Next50 Stocks

 

2.45 pm

 

Upper Band Hits on NSE

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Upper Band hits on NSE

 

 

2.40 pm

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2.20 pm

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BSE SECTORAL INDICES

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2.15 pm

' V-Mart Retail shares gain 1%

V-Mart Retail shares went up by Rs 26 or Rs 2,829.75 on the NSE today after the company has opened three new stores in Himachal Pradesh, Jharkhand and Uttar Pradesh respectively.

This takes the total number of stores to 207 stores in 165 cities across 17 states.

 

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V-Mart to add 35 stores this fiscal

 

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V-Mart Retail (₹872.2)
 

2.05 pm

Avenue Supermarts trade higher on CP issue

 

Avenue Supermarts stock rose half-a-per cent today. The company has issued commercial paper of Rs 1 billion or Rs 100 crore to raise funds.

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Avenue Supermarts Ltd - Issuance Of Commercial Paper

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Avenue Supermarts Ltd - Closure of Trading Window
 

2 pm

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Largecap stocks on BSE

 

 

1.50 pm

SPARC rises on research tie-up with China based firm HitGen

Sun Pharma Advanced Research shares went up by 1% today after the company announced that Sun Pharma’s research arm Sun Pharma Advanced Research Company (SPARC) and China’s biotech firm HitGen on Wednesday announced a collaboration to identify novel small molecule leads for targets of interest.

Under the terms of the agreement, HitGen will receive upfront payment and will be eligible for certain milestone payments.

READ MORE

sparc

sparc

 

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1.40 pm

Mutual fund buying and selling in Feb 2019

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MF Activity in terms of buying/selling in Feb 2019

 

Godrej Consumer Products

 

Hero MotoCorp

 

ACC Ltd

 

Steel Authority of India

 

Kotak Mahindra Bank

 

Balrampur Chini

 

1.35 pm

Rupee rises 14 paise against the dollar

he rupee appreciated by 14 paise to 69.57 against the US dollar on Wednesday, driven by sustained foreign fund flows and higher opening in domestic equity market.

The rupee opened at 69.71 at the interbank forex market then gained further ground and touched 69.63, displaying gains of 8 paise over its last close. On Tuesday, it had strengthened by 18 paise to close at 69.71 against the US dollar.

READ MORE

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Pound fragile after May's Brexit defeat, more gyrations expected
Sterling stood flat at $1.3064 and stuck to a narrow range

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Near-term outlook positive for rupee
Stable oil prices will help the currencyregain strength
 

1.25 pm

Nifty Call: The contract is range-bound; Tread with caution

The domestic equity indices — the Sensex and the Nifty — began the session on a flat note, taking negative cues from the Asian markets. The Nikkei 225 has declined 213 points or 1 per cent to 21,290 levels and Hang Seng index has dropped 139 points or 0.5 per cent to 28,781 in today's session.

 

READ MORE

 

NIFTY

The 50-share NSE index Nifty reclaimed the 11,000 levels on Wednesday. File Photo

 

 

1.05 pm

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LARGECAP STOCKS ON BSE

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Largecap stocks on BSE

 

 

12.35 pm

Buy ITC above ₹300 levels

Consider initiating fresh long positions with a fixed stop-loss only if the stock of ITC rallies above ₹300 levels

₹294 • ITC

 

 

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12.30 pm

MF ACTIVITY REPORT IN MARCH 2019

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MF Industry activity (Buying/Sellilng in Feb 2019) - Source: ICICI Securities

 

12.20 pm

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LARGECAP STOCKS ON BSE

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Largecap stocks on BSE

 

12.05 pm

Broker's call

ICICI Securities Recommendation

 

Mahindra and Mahindra Financial Services: BUY

BUY recommendation and a target price of Rs 500 per share.

-   Buoyancy in rural India to benefit

-   valuation to sustain

-    Strong business momentum led by rural cash flow, high NIM

 

Mahindra and Mahindra Financial Services (MMFS) is predominantly into rural, semi urban vehicle financing with advances at Rs 58,240 crore as on December 31, 2018 and wide customer base of 5.3 million.

 

For MMFS, AUM has grown at 23% CAGR with volatile spells in FY09-18. AUM grew at 32% CAGR in 09-14, slowed down in FY15-17 to 10% and then revived to 16% in FY16-18 to Rs 55,100 crore.

ICICI Secturities expects AUM to grow at 20% CAGR in FY19-21E to Rs 94,996 crore. Robust infrastructure spends and recent farmer friendly schemes are expected to support rural cash flows. Current NIM at ~8% is expected to remain stable over the next two years as it has already moderated from highs of 9.2% in the past .

 

Operating leverage to kick in; productivity to improve ahead

 

As loan book growth picks up, we expect MMFS to benefit from expenses incurred on employee and branch expansion. Opex/AUM ratio is seen moderating by ~10 bps to 2.9% in FY21E. Likewise, CI ratio is expected to reduce from 39.7% in FY18 to 36.5% in FY21E.

 

RoA improvement led by steady asset quality, productivity

 

Post impact of bad monsoon, RoA revived from 1% in FY17 to 1.9% in FY18 and further to 2.3% in 9MFY19. Likewise, RoE improved from 6.4% in FY17 to 11.3% in FY18, on the back of strong NII growth at 16% YoY and reduction in CI ratio from 42% to 39% in FY18. With steady credit cost and stable yields, we expect RoA to improve further to 2.4% in FY21E.

 

Buoyancy in rural India and MMFS’ focus on rural financing are expected to support valuations. MMFS has ingredients to sustainably command premium valuation - 1) rural reach providing huge opportunity with pricing power, 2) robust AUM growth (AUM, earnings CAGR of 20%, 25%, respectively, in FY18-21E), 3) higher rural income led by farm loan waivers and cash flow receipt during election, 4) strong management and 5) adequate risk management with limited losses. We value core auto business at 2.6x FY21E ABV (1.8x FY21E BV) and add | 50 as value for subsidiaries like housing that is picking up pace. Assuming 20% holding company discount in lieu of subsidiaries, we initiate coverage with BUY recommendation and a target price of | 500 per share.

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11.50 am

Intraday calls for March 13

BROKER'S CALL

ICICI SECURITIES

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Intraday calls for March 13, 2019

 

11.40 am

TOP STOCK FUTURES CONTRACTS ON NSE

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TOP 20 STOCK FUTURES ON NSE

 

11.35 am

TOP INDEX OPTIONS CONTRACTS ON NSE

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OPTIONS CONTRACT ON NSE

 

11.30 am

 

KEC INTERNATIONAL stock jumps on new orders

KEC International stock rose over 1% at Rs 292.75 today after the said that its transmission & distribution (T&D) business has secured turnkey orders of Rs.287 crore across India, UAE and the Americas.

The railway business has secured orders for composite and overhead electrification works aggregating to Rs.644 crore in India

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11.20 am

Mahindra CIE Automotive jumps 2%

Mahindra CIE Automotive shares rose over 2% today after the company board  has approved the acquisition of 100% of the issued and outstanding share capital of Aurangabad Electricals for an enterprise value of Rs.875.6 crore which includes a future deferred payment estimated up to Rs.62.2crore.

 

This acquisition would help the company to enter the aluminum die casting technology space.

 

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11.10 am

Jet, SpiceJet shares fall as India grounds Boeing 737 MAX planes

The share prices of SpiceJet, Jet Airways and InterGlobe Aviation have fallen as the Ministry of Civil Aviation announced that the Boeing Co's 737 MAX planes will be grounded In India.

READ MORE

 

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11.05 am

Sell Infosys if fails to move above ₹713 levels

₹706 • Infosys

Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹713 levels

 

 

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11 am

NIFTY IT STOCKS

 

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NIFTY IT STOCKS

 

 

10.55 am

NIFTY BANK STOCKS

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NIFTY BANK STOCKS

 

10.50 am

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NSE CHART

TOP NSE GAINERS

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TOP GAINERS ON NSE

 

10.40 am

Buy ONGC if moves above ₹155 levels

₹152 • ONGC

COMMENT

The stock tests a key resistance. Go long with a tight stop-loss on a strong rally above ₹155 levels

 

 

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10.30 am

No of Advancing/Declining Scrips on BSE

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No of Advancing/Declining scrips on BSE

 

10.25 am

BSE SECTORAL INDICES

 

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10.20 am

Buy Reliance Ind on dips

₹1329 • Reliance Ind

Make use of intra-day declines to buy the stock of RIL while retaining a stiff stop-loss at ₹1,315 levels

 

 

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₹286 • SBI

COMMENT

Fresh long positions can be initiated with a fixed stop-loss if the stock of SBI rebounds up from ₹281 levels

 

BL18SBI

 

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10.05 am

Broker's call: Capacite Infraprojects (Buy)

YES Securities

Capacite Infraprojects (Buy)

CMP: ₹238

Target: ₹330

In a very short span, Capacite Infraprojects (CIL) has carved a niche in the building EPC segment with an unexecuted order book of a whopping ₹7,500 crore (4.5x TTM revenues), and this figure excludes the ₹4,360 crore order won from MHADA and L1 position in public sector worth ₹460 crore.

READ MORE

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Capacit’e Infraprojects bags orders worth Rs 675 crore
 

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10 am

New orders may power BGR Energy Systems

BGR Energy Systems has secured two orders worth ₹324.46 crore. Its electrical projects division bagged a ₹173.47-crore order from the UP Power Transmission Corporation for supply of gas insulated switchgear. The order period is 24 months.

READ MORE

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BGR Energy Systems (₹110.2): Buy

 

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9.55 am

Broker's call: Allcargo Logistics (Buy)

Narnolia Financial Advisors

Allcargo Logistics (Buy)

CMP: ₹108.8

Target: ₹147

Key Highlights:  a) The largest segment MTO is leveraging its global presence of LCL (less than container load) business to tap ever growing FCL (full container load) market. Volume growth is likely to be in range of 10-15 per cent.

READ MORE

 

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9.50 am

₹2012 • TCS

Fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹1,990 levels

 

 

 

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9.45 am

11336 • Nifty 50 Futures

COMMENT

Near-term outlook is bullish for the contract. Buy in declines while maintaining a tight stop-loss at 11,280 levels.

 

 

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PO25TechIndexOutlook
 

9.35 am

LARGECAP STOCKS ON BSE

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Large-cap stocks on BSE

 

9.25 am

Opening Bell

Sensex up by 57 points

 

Key market indices opened flat today taking cues from uncertain global markets.

The BSE benchmark Sensex was quoted higher by 57.03 points  at 37,592.69.

Besides, industrial output growth that was declined below 2 per cent in January and Inflation that rose to a four-month high of 2.57 per cent in February also have turned the markets cautious.

The NSE Nifty was up 2.20 points to 11,303.40.

Top gainers were HCL Tech , up by 2.20%, IndusInd Bank , up by 1,596, Axis Bank rose 1.10%, HDFC Bank gained 1% and Hindustan Uni Lever, up by 1%.

 

BSE-CHARTjpg

 

MCAP

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9.20 am

US stocks rise on tame inflation data

A gauge of world equity markets rose and the dollar eased on Tuesday after a tame reading on US inflation reinforced expectations the Federal Reserve will not raise interest rates anytime soon, while Boeing shares slid for a second day.

US consumer prices rose for the first time in four months in February but the modest pace of the increase resulted in the smallest annual gain in inflation in nearly two and a half years. In the 12 months through February, the CPI rose 1.5 per cent, well under the Fed's target of 2 per cent, leading the dollar to slip against the euro and the dollar index of leading US trading partners' currencies to fall. Gold gained on the weaker greenback.

READ MORE

 

9.15 am

Day Trading Guide for March 13

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2170 • HDFC Bank

₹706 • Infosys

 

READ MORE

STOCKMARKET

9.05 am

Adani Enterprises (₹148.5): Buy

The stock of Adani Enterprises has jumped 6.7 per cent accompanied by above average volume, breaking above key resistance at ₹143 on Tuesday. This rally boosts the bullish momentum and provides short-term traders an opportunity to buy the stock at current levels

READ MORE

 

economic-growth

SBI’s economic research department believes that rate hike by the RBI is now off the table in FY19.

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9 am

Asian shares drift lower, sterling awaits its fate

Asian share markets were mostly in the red on Wednesday as a risk-off mood gripped investors, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit.

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