CH Stock Market Closing Bell 13-October-2017

CLOSING BELL:

NIFTY FUTURE UP 82 @ 10194

BANK NIFTY FUTURE UP 352 @ 24737

SENSEX UP 228 @ 32411

INR 64.89

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BASF SE Signs Agreement with Bayer

BASF India up 3.5% after BASF SE signs agreement with Bayer

BASF SE, Germany signs agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses.

BASF India is engaged in providing chemicals, performance products, and crop protection products.

BASF India’s parent Company, BASF SE, Germany that it has signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses. These are being divested by Bayer in the context of its planned acquisition of Monsanto.

The cash purchase price by BASF SE is EUR 5.9 billion. The transaction is subject to the closing of Bayer’s acquisition of Monsanto and approval by relevant authorities, which is expected to close in the first quarter of 2018.

BASF India Ltd is currently trading at Rs 1733.5, up by Rs 43.35 or 2.56% from its previous closing of Rs 1690.15 on the BSE. The stock is currently trading above its 100 DMA.

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Sensex Rallies over 300 Points

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The Nifty50 index hit fresh high of 10,179.25, surpassing its previous peak of 10178.95 touched on September 19, 2017. At 2:05 PM, the S&P BSE Sensex is trading at 32,461, up by 279 points, while NSE Nifty is trading at 10,173 up by 76 points.

The BSE Mid-cap Index is trading up by 0.17% at 15,986 whereas BSE Small-cap Index is trading up by 0.46% at 16,981. Bharti Airtel, Infratel, Tata Steel, Ultra Cement Co. And ICICI bank are among the gainers, whereas GAIL, Zee Entertainment, Sun Pharma, UPL, and ITC are losing steam on NSE.

Cyient stock gains  2% after 24.3 lakh shares or 2.2% of equity change hands at Rs 525 each in a single block deal on the BSE. Logistic stocks gain. Transport Corp (+7%), Patel Int, GATI (+4%), Snowman Logi (+3%), VRL Logistics (+1.5%).

Andhra Bank crosses its 200 day EMA placed at 56.5 and has formed a bullish Hammer candlestick pattern on daily charts. Some buying activity is seen in Telecom, Basic Materials, consumers goods, Energy, Finance, Power and Tech, while FMCG, Healthcare, and Realty show weakness on BSE.

The INDIA VIX is up by 1.38% at 11.19.

Out of 1,972 stocks traded on the NSE, 897 advanced, 725 declined, and 350 remained unchanged today. A total of 72 stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.

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Federal Bank slips after Rakesh Jhunjhunwala Pares Stake

Shares of Federal Bank fell over 1% after prominent investor Rakesh Jhunjhunwala pared his stake in the bank in Jul-Sep.

Rakesh Jhunjhunwala held 1.86% stake in the bank as on September 30, down from 2.18% at the end of June quarter, the company’s shareholding data, released late Thursday, showed.

Shares of the bank have remained flat in the three months ended September.

The stock is currently trading at Rs 116.6, down by Rs 1.4 or 1.19% from its previous closing of Rs 118 on the BSE.

The scrip opened at Rs 118.85 and has touched a high and low of Rs 118.85 and Rs 116 respectively. The stock is currently trading above its 100 DMA.

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Nifty Bank Index up over 300 pts

Nifty Bank index has been trading higher on Friday. The index was trading at 24,701 level, up by 340 points or 1.40%. The index has surged due to lower retail inflation, higher industrial output growth and hope of early resolution of telecom sector.

ICICI Bank Ltd is currently trading at Rs 273.2, up by Rs 5.65 or 2.11% from its previous closing of Rs 267.55 on the BSE. The scrip opened at Rs 267.5 and has touched a high and low of Rs 273.85 and Rs 267.5 respectively. The stock is currently trading below its 100 DMA.

Canara Bank is currently trading at Rs 310.8, up by Rs 6.5 or 2.14% from its previous closing of Rs 304.3 on the BSE. The scrip opened at Rs 302.5 and has touched a high and low of Rs 312.2 and Rs 302.5 respectively. The stock is currently trading below its 100 DMA.

HDFC Bank is currently trading at Rs 1847.5, up by Rs 32.05 or 1.77% from its previous closing of Rs 1815.45 on the BSE. The scrip opened at Rs 1819 and has touched a high and low of Rs 1850 and Rs 1819 respectively. The stock is currently trading above its 50 DMA.

State Bank of India is currently trading at Rs 254.05, up by Rs 2.45 or 0.97% from its previous closing of Rs 251.6 on the BSE. The scrip opened at Rs 251.6 and has touched a high and low of Rs 255 and Rs 250.3 respectively. The stock is currently trading below its 200 DMA.

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How Introduction of Options will affect Commodity Markets

Finally, the wait is over for Commodities Market as MCX is all set to launch Options in Gold in the month of October. This will be a game changer for the commodities market as it will result in the participation of new players in the market as it carries low risk with it as compares to Futures.

Let’s have a basic understanding of Option First.

An option is a financial derivative that represents a contract sold by one party (the option writer) to another party (the option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) during a certain period of time or on a specific date (exercise date).

Main Advantage of Option over Future

In future trading, the trader is exposed to big losses whichever side of the contract you are on. If you have the obligation to buy an underlying security at a fixed price and the security moves significantly above that fixed price, then you could lose substantial sums. Conversely, if you have the obligation to sell an underlying security at a fixed price and the security moves significantly below that fixed price then you could experience sizable losses.

If you are writing options contracts and taking on an obligation to either buy or sell an underlying security at a fixed price, then you are exposed to similar risks. However, you can trade options purely by buying contracts and not writing them. This means that you can limit your potential losses on each and every trade you make to the amount of money you invest in buying specific contracts. Whenever you buy options contracts, the worst case scenario is that they expire worthless and you lose your initial investment.

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Top 10 Stocks in Focus Today

Buzzing Stocks

Tata and Bharti to Combine Consumer Telecom Business. Bharti Airtel will assume Rs 2,000 Cr of the Rs 10,000 Cr that the Tata group companies owe DoT.

IT stocks in focus today as Nasscom has shifted the revenue projection for India’s Business Process Management sector to $50-$55 bn by 2025 from the present target of $50 bn by 2020.

Sun Pharma said it will increase stake in its subsidiary Ranbaxy Malaysia to 79.5% through purchase of shares.

Monsanto’s Indian JV has settled royalty dispute with three Indian cotton seed companies that have cleared payment dues of about Rs 300 crore and the arbitration process is on with five other firms.

NBCC (India) may acquire three other government-owned entities to create a mega construction company, in line with the push for consolidation among public sector firms.

M&M, Shapoorji Pallonji Group and Liberty House of the UK are competing to acquire debt-laden ABG Shipyard, as a consortium of lenders led by ICICI Bank increased efforts to sell the company to recover money.

TCS reported its Q2 FY18 numbers on Thursday. Net Profit (adjusted) stood at Rs 6,460 Cr up by 9% on QoQ basis.

Piramal Ent approves raising Rs 2,000 Cr through a rights issue.

Shriram EPC wins Rs 349 crore of multiple orders.

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US Indices Ended of Low Note as Earnings Weigh in

Benchmark US indices ended lower on Thursday, weighed down by disappointing Jul-Sep earnings reported by some index heavyweights.

AT&T slumped 6% after the company said it lost 90,000 video subscribers in the September quarter due to intense competition. JP Morgan Chase & Co and Citigroup fell 1.0% and 3.4%, respectively, as their earnings for Jul-Sep raised concerns over consumer credit and losses in trading.

Advancing issues outnumbered declining ones on the NYSE by a 1.11-to-1 ratio; on Nasdaq, a 1.38-to-1 ratio favored decliners.

Mexico stocks were lower after the close due to losses in the Healthcare, Industrials and Consumer Goods & Services sectors led shares lower. At the close in Mexico, the IPC lost 0.35%.

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Top Bulk Deals on October 12

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Major benchmark Indices, Nifty and Sensex closed higher by 111 points or 1.12% at 10,096 level and 348 points or 1.09% at 32,182 level.

There were 1,138  advances, 562 declines and 80 unchanged stocks on NSE indicating positive breadth floating in the market. India VIX ended lower by 5.86% at 11.04 level.

Following are the top ten bulk deals that occurred on the National Stock Exchange in Thursday trading session:

Security Name Client Name Buy / Sell Quantity Traded Trade Price /
Atul Auto Limited BIRLA SUNLIFE MUTUAL FUND BUY 1,75,000 463
Atul Auto Limited GOLDMAN SACHS INDIA LIMITED SELL 2,94,716 463.05
Beta Drugs Limited K S SHAH BUY 49,600 102
Beta Drugs Limited KINNARI J. KHANDWALA SELL 59,200 102
Beta Drugs Limited SHATRUNJAY  INVESTMENTS BUY 49,600 102
C & C Constructions Limit SHIVAM GOEL SELL 8,15,746 40.12
CMM Infraprojects Limited NANO SECURITIES PRIVATE LIMITED BUY 1,05,000 44.32
Tirupati Forge Limited DIPESH PRAVINBHAI RUPARELIA BUY 2,80,000 34.51
Tirupati Forge Limited OMSHANTI HEIGHTS PRIVATE LIMITED BUY 2,80,000 34.26
Tirupati Forge Limited SORATHIA VRUTI V BUY 1,36,000 34.12

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Sensex Rallies over 150 Points

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Equity benchmark gained for a fourth time this week led by Airtel, which agreed to merge with Tata’s consumer telecom business, and Reliance Inds ahead of its second quarter earnings.

On the economy front, industrial output expanded to a nine-month high of 4.3% in Aug while the CPI-based inflation rate remained stagnant at 3.28% in Sept.

At 9:38 AM, the S&P BSE Sensex is trading at 31,381 up 200 points, while NSE Nifty is trading at 10,157 up 61 points.

The BSE Mid-cap Index is trading up 0.29% at 16,006, whereas BSE Small-cap Index is trading up 0.54% at 16,995.

Bharti Airtel, Infratel,Yes Bank, Tata Steel and UltraTech are among the gainers, whereas Gail, Hindalco, HUL, BPCL and Dr Reddy’s are losing sheen on BSE.

Some buying activity is seen in metal, banking, IT, auto and pharma sectors, while realty and FMCGare showing weakness on NSE.

The INDIA VIX is down 1.19% at 10.91.

Out of 1,950 stocks traded on the NSE, 429 declined, 1,060 advanced and 461 remained unchanged today.

A total of 40 stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

Bharti Airtel stock zoomed 6%, Tata Teleservices Maharashtra hit 10% upper circuit for the second session, while Tata Comm rose 2% after Tata Sons Ltd said that it will sell its consumer mobile business to India’s largest telecom operator Bharti Airtel Ltd virtually for free, as part of the group chairman’s strategy to exit businesses which have been a prolonged drag and have little visibility of future profits.

Reliance Industries stock rose 1% ahead of its September quarter earnings.

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