International Markets:

U.S & Europe

Particulars 19th  Dec Chg Chg(%)
Nasdaq 8887.22 59.48 0.67
Dow* 28376.96 137.68 0.49
FTSE 7573.82 33.07 0.44
CAC 5972.28 12.68 0.21
DAX 13211.96 -10.20 -0.08
Dow Fut.* 28396.50 -4.50 -0.02

*As per 20th Dec

Asian markets:

Particulars 19th   Dec. Chg Chg(%)
SGX Nifty* 12273.00 0.00 0.00
Nikkei 23798.50 -66.35 -0.28
Straits Times 3210.30 2.88 0.09
Hang Seng 27873.38 72.89 0.26
Shanghai 3021.29 4.22 0.14


ADR Watch:  

Particulars 19th  Dec. Chg Chg(%)
Dr Reddy 40.58 -0.07 -0.17
HDFC Bank 64.15 -0.60 -093
ICICI Bank 15.08 0.00 0.00
Infosys 10.27 -0.06 -0.58
Tata Motor 12.60 0.13 1.04
Wipro 3.79 0.01 0.26


Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 71.180 0.00
Brent 66.58 0.06
Gold 1482.35 -0.14
Silver 17.098 -0.33



Particulars 19th  Dec. 18th  Dec.
FIIs 739.43 1836.81
DIIs -493.95 -1267.57


View on market: Buy on dips

Asian stocks opened in subdued fashion today following another record high on Wall Street. Japanese stocks opened little changed, Australian shares dipped and South Korean ones edged up in early trading. U.S. futures were little changed. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded flat at 12,273 as of 8:00 a.m.

Key Data/ Action and Board meeting to watch:

Symphony to meet Malabar Investments on Dec. 20.

Eris Lifesciences to meet Tata MF and HDFC MF on Dec. 20.

Titan to meet UBS Securities and Goldman Sachs on Dec. 20.

Manappuram Finance to meet Navis Capital on Dec. 20.

Fund View:

Sun Pharma UBS Maintained ‘Buy’ with a price target of Rs 515. Ilumya continues lag peers in formulary coverage. Sun Pharma is most exposed to litigation relative to peers. India business growth would continue to look strong due to low base.

BHEL Morgan Stanley Maintained ‘Underweight’; cut price target to Rs 37 from Rs 46. Macro outlook looks tougher for BHEL. Negatives:- Delay in new orders, contraction in PLF and weaker balance sheet of state plants and renewable generation continues to gain share. Cut earnings estimate by 22 percent and 19 percent for the next two financial years respectively.

Britannia Macquarie Maintained ‘Underperform’ with a price target of Rs 2,662. Biscuits are losing wallet share to other packaged foods. Expect lower volume growth in slowing biscuit category growth.

UPL JPMorgan Maintained ‘Overweight’ with a price target of Rs 700. Confidence in delivering on growth and debt reduction despite tough environment. Positive H2 along with synergies should help achieve Ebitda guidance. Building a stronger portfolio beyond Mancozeb.

News Update:

Bajaj Finance acquired 24 lakh shares or 10 percent stake in Karvy Data Management Services pursuant invocation of pledged shares of the company for recovery of outstanding dues of Karvy Stock Broking.

NMDC: Ministry of Coal allocated to coal blocks in Jharkhand State. The Rohne coal block has extractable reserves of 191 million tonne and planned production capacity of 8 million tonne per annum. Tokisud North coal block has extractable reserves of about 52 MT of thermal coal and planned production capacity of 2.32 MTPA. NMDC will execute allotment agreement of Tokisud North coal block on Dec. 24. Rohne coal block allotment agreement would be executed as per the directives from Ministry of Coal with respective execution date.

Kolte-Patil Developers: Pabrai Group increased stake in the company to 9.23 percent from 7.09 percent earlier.

Dwarikesh Sugar commissioned its new 100 KLPD Distillery plant in Uttar Pradesh, according to its media statement.

Religare Enterprises: Board withdrew the scheme of amalgamation of its two arms Religare Comtrade and Religare Insurance with the company. After amending the scheme, four arms of the group will be merged into the company.

IndiaNivesh: Edelweiss Custodial Services has increased the stake from 11.26 percent to 17.67 percent in the company, by way of encumbrance of shares on Dec. 17.

Dishman Carbogen Amcis said that IT department visited company’s head offices and manufacturing sites conducting a search enquiry on Dec. 19 and the search enquiry is continuing. Company said that no impact is there on company’s routine operations.

Lemon Tree Hotels opened its first international 144 room hotel in Dubai.

Embassy Parks REIT: Brookfield is said to hold ta lakhs on potential $1 billion REIT listing. (BN).

Titan setup a global retail unit in Dubai.

JM Financial: Board approved raising Rs 850 crore via equity/debt and to increase the foreign portfolio investment from 24 percent to 40 percent in the company.

Reliance Communication clarified on the news of relief for Anil Ambani as U.K. court has dismissed Chinese bank’s $680 million claim stating that the company was not part to the said proceedings.

Gati: Goldman Sachs reduced its stake from 5.12 percent to 2.84 percent in the company.

CDSL received final approval from the Securities and Exchange Board of India open IFSC branch at Gift City, Gujarat.


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