Indian Market Outlook:

From last two weeks markets is trading in a range and not able to find any direction, this week a divergent trend was witnessed as the barometer index scored small gains while the Nifty 50 index registered minor fall during the recent week. Overall Index constituents saw mixed trend during truncated week.
In the week ended on Friday, 15 November 2019, the Sensex rose 33.08 points or 0.08% to settle at 40,356.69 while Nifty index fell 12.85 points or 0.11% to settle at 11,895.30.BSE Mid Cap and Small Cap indices also closed mixed this week, BSE Mid cap closed with gains of 0.28% and BSE Small cap index fell 1.1%.
Going forward, Trend in global markets, the movement of rupee against the dollar and crude oil price movement, inflows from FPIs and DIIs will be closely watched.  On Overseas front, developments on the U.S.-China trade front will be closely watched and In US, Federal Open Market Committee (FOMC) minutes of the Fed’s October policy meeting will be announced on 21 November 2019.  So we recommend a cautious approach as in this kind of scenarios market can go either way on technical front 12050 on higher side is acting as a stiff resistance while on lower side 11700 is strong support for the Nifty index so better to wait for a clear direction.

 

Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month 1 Year
Gold 1,468.75 0.63 -3.60 12.68 16.66
Silver 16.94 1.01 -1.85 15.95 14.61
Platinum 892.40 0.30 4.82 6.84 5.24
USD/INR 71.65 0.41 0.70 2.17 -0.46
Crude 57.88 0.77 5.49 -7.94 2.52

 

Global Weekly Events

Date Region Event Description Forecast Previous
Nov 19,2019 USD Building Permits (Oct)) 1.383M 1.391M
Nov 20,2019 CNY PBoC Interest Rate 4.20%
Nov 20,2019 USD Crude Oil Inventories 1.649M 2.219M
Nov 22,2019 GBP Manufacturing PMI 49.6
Nov 22,2019 INR FX Reserves, USD 447.81B

 

Domestic Economy Indicators

Heading Indicators Current Previous
 RBI Policy Rate Policy Repo Rate 5.15% 5.40%
Reserve Policy Rate 4.90% 5.15%
Bank Rate 5.40 5.65
 Reserve Ratio CRR 4% 4%
SLR 18.50% 18.75%
 Inflation Rate Wholesale Price Index 0.16% 0.33%
Consumer Price Index 4.62% 3.99%
 Trade Data Export ($ Million) 26380 26030
Import($ Million) 37390 36890
 Industry IIP -4.3% -1.4%

 

 

Domestic Indices Closing(15th Nov) Change %Change
BSE Sensex 40,356.69 33.08 0.08
Nifty 11,895.45 -12.70 -0.11
Mid Cap 14,772.99 41.88 0.28
Small Cap 13,326.40 -148.35 -1.10
Bank Nifty 31,008.40 259.00 0.84

 

Global Indices Closing(15thNov) Change %Change
Dow Jones 28,004.89 323.65 1.17
Nasdaq 8,540.83 65.52 0.77
FTSE 7,302.94 -56.44 -0.77
Nikkei 23,303.32 -88.55 -0.38
Hang Seng 26,326.66 -1324.48 -4.79
Shanghai Com 2,891.34 -72.84 -2.46

 

Net Inflow(Cr) FII DII
11-Nov-2019 664.20 -245.06
13-Nov-2019 584.92 -890.03
14-Nov-2019 -562.05 82.74
15-Nov-2019 -1008.37 537.74
Total -321.3 -514.61

 

Top Gainers Closing Price Prev Close Chg (%)
BhartiAirtel 393.05 371.75 5.73
ICICI Bank      499.85 478.55 4.45
Yes Bank 68.70 66.45 3.39
Bajaj Finserv 9057.85 8832.90 2.55
Kotak Mahindra Bank 1622.75 1584.00 2.45

 

Top Losers Closing Price Prev Close Chg (%)
Indiabulls

Housing

210.30 238.35 -11.77
Vedanta 142.10 160.95 -11.71
Hindalco 187.75 205.20 -8.50
UPL 530.30 577.70 -8.20
Adani Ports 366.30 390.45 -6.19

 

Economic News:

  • While the retail inflation as measured by the Consumer Price Index (CPI) touched a 16 month high at 4.62% in October, the wholesale price inflation measured by the Wholesale Price Index (WPI) is at the verge of entering the negative territory. The gap between the two is currently the widest in two years. In October, wholesale price inflation dropped to 0.16% as compared to 0.33% a month ago, data released by the commerce and industry ministry showed on Thursday. Most analysts expect WPI inflation to decline further in coming months, weighed by a base effect.
  • India’s exports shrank at a slower pace in October with key sectors of petroleum, leather and carpet showing a decline in outward shipments even as a steeper contraction in imports helped narrow the trade deficit from the year ago period. Exports contracted 1.11% to $26.38 billion in October while a sharper shrinkage in imports left a trade deficit of $11.01 billion compared with $18 billion last year. Imports shrank 16.31% to $37.39 billion.

Industry News:

  • The government doesn’t want any phone companies shutting down and is looking at support that can be given to the debt-laden telecom sector that’s been saddled with additional dues on account of last month’s Supreme Court ruling on adjusted gross revenue (AGR).“I want no company to shut operations,” finance minister NirmalaSitharaman said on Friday in response to a query on the telecom sector. “I want all companies to flourish & serve their customers.”
  • Honda Motorcycle and Scooter India (HMSI) expects the slowdown in the automobile sector to continue for now, mainly due to the current macro-economic factors along with the upcoming switch to BS-VI norms that will lead to a 10-15% increase in two-wheeler prices.“It is our strong wish that the worst is over. Unfortunately, the market forces are not in our control. All the economic indicators so far do not look very positive for quick revival of the auto industry. We are very cautious and closely watching,” HMSI senior vice presi0dent, Sales and Marketing, Yadvinder Singh Guleria, said on Thursday.

Company News:

  • The Supreme Court on Friday paved the way for global steel giant ArcelorMittal to take over Essar Steel by upholding the primacy of financial creditors in the distribution of funds received under the corporate insolvency scheme.In a major judgement that will help facilitate the biggest takeover of bad debts in Indian corporate history, the court also said that the committee of creditors (CoC) will have a final say in the resolution plans under the Insolvency and Bankruptcy Code.
  • Vodafone Idea Ltd and BhartiAirtel Ltd have posted record losses in the September quarter, ravaged by an unfavourable Supreme Court verdict that upheld the government’s broader definition of revenue on which it calculates levies on telecom operators. Vodafone Idea’s loss for the September quarter widened to ₹50,922 crore from ₹4,874 crore in the year earlier, as it set aside money to pay dues to the government following last month’s adverse court order. Rival BhartiAirtel Ltd too posted a massive loss, its highest and second quarterly loss in 14 years to ₹23,045 crore loss in the quarter ended 30 September from a profit of ₹118 crore in the year earlier.
  • Raymond The ED on Thursday arrested former Fortis Healthcare promoter Malvinder Singh and former CMD of Religare Enterprises Ltd Sunil Godhwani in a money-laundering case related to alleged misappropriation of funds of ReligareFinvest Ltd (RFL).The Enforcement Directorate (ED) took both the accused in its custody inside the Tihar central jail here, where they are currently lodged in a case filed by the Delhi Police in relation to the alleged scam.

Global News:

  • Global equities markets rose and safe-haven assets such as gold and government debt fell on Friday on renewed hopes that the United States and China will reach a deal to de-escalate their trade war helped boost risk appetite.The three major U.S. stock indexes opened higher and set fresh record highs while equity markets from Tokyo to the major bourses in Europe and across the Americas gained on remarks by White House economic adviser Larry Kudlow on Thursday.
  • China unexpectedly injected cash into the financial system with a medium-term tool, in an effort to aid an economy expanding at the slowest pace since the early 1990s.The People’s Bank of China offered 200 billion yuan ($29 billion) of one-year loans to banks Friday, while keeping the interest rate unchanged at 3.25%.

(Source:Economic Times,Business Standard, BusinessToday, Investing.com)

 

Forthcoming Corporate Actions (16th November to 22th November)

Security Name Ex-Date Purpose Security Name Ex-Date Purpose
EXIDEIND 18-Nov-19 Interim Dividend – Rs. – 1.60 JBCHEPHARM 21-Nov-19 Buy Back of Shares
GILLETTE 18-Nov-19 Final Dividend – Rs. – 25.00 KSCL 21-Nov-19 Buy Back of Shares
IBULHSGFIN 18-Nov-19 Interim Dividend – Rs. – 7.00 MASFIN 21-Nov-19 Interim Dividend – Rs. – 2.00
AMBER 19-Nov-19 Interim Dividend – Rs. – 1.60 MAYURUNIQ 21-Nov-19 Interim Dividend – Rs. – 1.00
CARERATING 19-Nov-19 Interim Dividend – Rs. – 8.00 MONEYBOXX 21-Nov-19 Bonus issue 1:10
ESSELPRO 19-Nov-19 Interim Dividend – Rs. – 1.25 MRF 21-Nov-19 Interim Dividend – Rs. – 3.00
INDOSTAR 19-Nov-19 Interim Dividend – Rs. – 1.00 NATCOPHARM 21-Nov-19 Interim Dividend – Rs. – 1.00
MANAPPURAM 19-Nov-19 Interim Dividend – Rs. – 0.55 NAUKRI 21-Nov-19 Interim Dividend – Rs. – 2.50
PGHH 19-Nov-19 Final Dividend – Rs. – 48.00 PAGEIND 21-Nov-19 Interim Dividend – Rs. – 52.00
ADFFOODS 20-Nov-19 Interim Dividend – Rs. – 1.50 POLYPLEX 21-Nov-19 Interim Dividend – Rs. – 11.00
BHARATFORG 20-Nov-19 Interim Dividend – Rs. – 1.50 PRECWIRE 21-Nov-19 Interim Dividend – Rs. – 1.50
CONART 20-Nov-19 Interim Dividend – Rs. – 1.00 RADHEY 21-Nov-19 Interim Dividend – Rs. – 0.15
INDTONER 20-Nov-19 Interim Dividend – Rs. – 3.00 RESPONIND 21-Nov-19 Interim Dividend – Rs. – 0.03
INGERRAND 20-Nov-19 Interim Dividend – Rs. – 3.00 SALASAR 21-Nov-19 Interim Dividend – Rs. – 1.00
LALPATHLAB 20-Nov-19 Interim Dividend – Rs. – 6.00 SANDUMA 21-Nov-19 Interim Dividend – Rs. – 2.00
MANAKSIA 20-Nov-19 Interim Dividend – Rs. – 3.00 SASKEN 21-Nov-19 Interim Dividend – Rs. – 5.00
NAVNETEDUL 20-Nov-19 Interim Dividend – Rs. – 2.50 SUNTV 21-Nov-19 Interim Dividend – Rs. – 2.50
NILKAMAL 20-Nov-19 Interim Dividend – Rs. – 5.00 SYMPHONY 21-Nov-19 Interim Dividend – Rs. – 2.00
VALIANTORG 20-Nov-19 Interim Dividend – Rs. – 5.00 THYROCARE 21-Nov-19 Interim Dividend – Rs. – 5.00
AMARAJABAT 21-Nov-19 Interim Dividend – Rs. – 6.00 TIDEWATER 21-Nov-19 Interim Dividend – Rs. – 50.00
ATULAUTO 21-Nov-19 Interim Dividend – Rs. – 1.50 VIDHIING 21-Nov-19 Interim Dividend – Rs. – 0.20
AUROPHARMA 21-Nov-19 Interim Dividend – Rs. – 1.25 VRLLOG 21-Nov-19 Interim Dividend – Rs. – 4.00
BALKRISIND 21-Nov-19 Interim Dividend – Rs. – 2.00 CLEDUCATE 22-Nov-19 Interim Dividend – Rs. – 1.00
BALRAMCHIN 21-Nov-19 Interim Dividend – Rs. – 2.50 FERMENTA 22-Nov-19 Interim Dividend – Rs. – 5.00
COCHINSHIP 21-Nov-19 Interim Dividend – Rs. – 1.63 GUJCOTEX 22-Nov-19 Stock  Split From Rs.10/- to Rs.5/-
CRISIL 21-Nov-19 Interim Dividend – Rs. – 7.00 RACLGEAR 22-Nov-19 Interim Dividend – Rs. – 1.00
CUPID 21-Nov-19 Interim Dividend – Rs. – 1.00 SAKSOFT 22-Nov-19 Interim Dividend – Rs. – 2.00
HGS 21-Nov-19 Interim Dividend – Rs. – 2.50 SAURASHCEM 22-Nov-19 Interim Dividend – Rs. – 0.7500
IDFC 21-Nov-19 Interim Dividend – Rs. – 0.65

Source:BSE, Elite wealth Research

 

Upcoming Board Meetings (16th November to 22th November)

Symbol Purpose BM Date Symbol Purpose BM Date
ARIHCAPM Quarterly Results 16-Nov-19 TCFCFINQ Quarterly Results 20-Nov-19
FSSPL Half Yearly Results 16-Nov-19 AUSTENG General 21-Nov-19
SYNCOM Quarterly Results 16-Nov-19 INDSUCR Quarterly Results 21-Nov-19
VYAPAR Voluntary Delisting of Shares 16-Nov-19 JBFIND Quarterly Results 21-Nov-19
ALEXANDER Quarterly Results 18-Nov-19 JCTLTD Quarterly Results 21-Nov-19
AMTEKAUTO Quarterly Results 18-Nov-19 KHAITANLTD Quarterly Results 21-Nov-19
FRONTIER Preferential Issue of shares; General 18-Nov-19 KWALITY Quarterly Results 21-Nov-19
GUJAPOLLO Quarterly Results 18-Nov-19 MOHITE Quarterly Results 21-Nov-19
JMTAUTOLTD Quarterly Results 18-Nov-19 MUDRA Quarterly Results 21-Nov-19
MYSPAPE Quarterly Results 18-Nov-19 OPTOCIRCUI Quarterly Results 21-Nov-19
OKPLA Quarterly Results 18-Nov-19 PREMPIPES Quarterly Results 21-Nov-19
SODFC General 18-Nov-19 REDINGTON Interim Dividend 21-Nov-19
CPML Half Yearly Results 19-Nov-19 SHRIBCL Quarterly Results 21-Nov-19
IL&FSENGG Audited Results 19-Nov-19 TECHNOFAB Quarterly Results 21-Nov-19
INDSILHYD General 19-Nov-19 BINANIIND Audited Results 22-Nov-19
MELSTAR Quarterly Results 19-Nov-19 HEXATRADEX General 22-Nov-19
SIEMENS Dividend; Audited Results 19-Nov-19 INDAGIV Voluntary Delisting of Shares 22-Nov-19
AIML Quarterly Results 20-Nov-19 OISL Quarterly Results 22-Nov-19
ANSALHSG Quarterly Results 20-Nov-19 RAGHUSYN General 22-Nov-19
ANUPMAL Voluntary Delisting of Shares 20-Nov-19 RICOHQ Audited Results 22-Nov-19
SPENTEX Quarterly Results 20-Nov-19 SEYAIND Stock  Split 22-Nov-19
STDSHOE Quarterly Results 20-Nov-19

 

Source: NSE, Elite wealth Research

Major Economy Indicators

Weekly-Market-View-a-2019-11-16

 


 DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


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