Indian Morning Report: Markets catch the bad eggs early, Modi sworn in on Monday

Markets caught the listed Morning Report villains early yesterday with PSUs getting a big early correction and markets sustaining the up move rather than jump to 7400. SBI however, probably with reassuring noises from Modi and Shourie insiders, caught fire again and closed at 2600 levels on being treated as a jewel in the crown

India Morning Report: Markets jump to 7400 on Counting day as Asia tanks

Global markets tanked probably because of the strong showing by Japan in Quarterly GDP as Japanese bonds strengthened and the strengthening currency started a cascade conveniently allowing US markets to reatct negatively to good news in Asia ( highly reductive and downbeat prognosis) However, markets will equally take to Indian news positively when Europe and

India Morning Report: India’s “coming of age” a likely takeaway of 2014

Nifty moves on to 7200, the Sensex to 24000 on the bright sunny Tuesday morning even as the Banknifty runs out of moves and the Nifty looks around cautiously after the open at 7100. Foreign investors will double down on India bets as the currency again starts under 60 at 59.70 and Bond markets will

India Morning Report: The rest of the week is bullish again

Given Pfizer and US Authorities continuing crackdown on drugs from India ( Pfizers fake drugs lab featured Ranbaxy on Bloomberg yesterday, 100M users (see ET)  did not vote for Ranbaxy and founder Dilip Sangvi definitely has an uphill task trying to convert his $4 B revenue acquisition of Ranbaxy into a paying deal. The price

India Morning Report: Markets will breathe easier at 6300

Many market commentator see further moves north as highly unlikely and it does seem markets have done a fair bit already including the choppy start to 2014 as buying overwhelmed short trades. However one does not see any of the selected scrips losing much from current price levels. The Ukraine crisis fade had much to

India Morning Report: Markets start the Maruti short 1 month down

As expected, indices are holding and the degradation of Maruti’s role in Suzuki strategy has finally clicked into real trades early morning, that will probably keep the broader indices on an even keel, Maruti no longer a portfolio pick despite a 50% share of market and being the listed representation of quick and easy Indian

India Morning Report: (Closed for Shivaratri) Markets hoping to be tested again at 6250 in the new series

At 6240 levels the market achieved yesterday itself, another round of consolidation is due for the markets and with the second round of investing in November having attracted Passive fund investors while the active foreign interests remain bought in, Indian markets unlike China batting on euphemisms and an opaque economy non responsive to new stimuli,

India Morning Report: 6200 on expiry day, not ready to ooze out to 6150

As we said taking ranged positions went out of fashion pre expiry Friday, and markets madea quick climb on 6200 hill which just means Expiry could now choose to be around 6150 or 6250. The sold puts hedges effectively outran the straddles with all players participating in the market mechanism forced out of neutral positions,

India Morning Report: Markets retain new bullish memes (again to 6100)

Markets will close above 6100 again but later afternoon sessions may see more enthusiasm as good economic data could be followed by expected passive investor moves and new EEM flows to show likely coming trends. HDFC Bank is up and out of the 600-680 move with new targets to probably near 750 levels. Banks will

It’s Monday Again: Draghi has a position, Oil rally has no legs, US out of consumers (US Economy & Markets, The week ahead Feb 18-21, 2014)

Oil is charging faster than ever before as Brent at $110 looks at being under investigation soon, even as the rate setting London FX Market has snared all material banks. Bonuses at Credit Suisse were rebadged after derivatives issued on their own derivative exposure of $12 Bln as part of the risk awards to employees

India Morning Report: Les deux ex machina, et vous? Les fou de cirque n’est pa!

In singular, it would be the Ghost of the machine or the fool in the circus. A market of course has more than one of everything. Apart from that there is cricket too, where India turn a win opportunity into a clarion call to stay awake Markets ‘jumped’ overnight to 6080 levels at the close,

India Morning Report: Vote on Account does not offer anything by definition

Not to be dismissive of other efforts to research quantised discernible notes in the market, we have beaten others hands down with the preciseness of each sentence seemingly in a complicated human language. And we are not artificial intelligence, just something more  populations can understand. However, that is all a predilection of becoming  part of

India Morning Report: Agricultural subsidies are a Global Constant, bullish trend remains

Sugar Export markets ar unlikely to ruffle any other segment of the market as the issue of agricultural subsidies was settled for good in the latest renewals by Asia and EMs led by India and continuing noise on farm subsidies are likely to be brushed off by most including customers of Indian sugar. The government

India Morning Report: Tata Motors rebound, Markets still headed for 6100

The rally  in Tata Motors has been on and yes we would still be advocating fresh shorts on the stock. A bonanza in Tata Motors on JLR gaining strength remains the story of the day, with no news on bank licenses. Anand Sinha apparently is staying on till April just to ensure things are not

India Morning Report: Markets inch up in time ( to discount better earnings)

Markets are able to easily move up to 6100 levels as earnings baselines have increased in doubledigit CAGRs since 2007 and 6400 has been conquered. Rupee markets thus remain buoyant with EM outfolows reversing after $16 Bln in outflows including debt markets from India in December and January apparently Bharti and HDFC/HDFC Bank have seen

India Morning Report: IT’s missing pizzazz, Auro Pharma strikes Cymbalta gold

While the markets renew interest on Friday to get ready for the battle of wits at 6100-6150 levels, Banknifty has moved into gear with good boy PNB ceding its additional upside from 550 levels and SBI continuing down near cracking below 1500. Private Banks see Kotak going down too with Marico and Godrej losing the barely

India Morning Report: Markets listless orphaned by a Superbowl

Asian Markets are closed today and lack of Foreign investor interest on Monday Morning leaves an India open totally listless at 6100 levels and falling again, struggling after a brief respite at 6050 last week. IDFC results were inconsequential along expected lines with no fresh disbursements in this financial year but the stock has only

India Morning Report: Expiry, Policy jump, Vettel at Airtel and a difference between Ukraine, Turkey and India

The overnight return of the Emerging Markets this morning in ASia was none helped along by continuing waiting for news on the Taper Wednesday but India’s own policy will be stable, stoic and yet enough to motivate the markets ith the Banknifty at 10,500 laying the grounds for a bull trap that might finally work after

India Morning Report: Why exactly is IOC available so cheaply?

Of course, Infy will lead the bullish breakout on the Index, and the profit prognosis again at a Cons INR 28.75 Bln is much more to look forward to than the Cons Revenues of INR 130 Bln but the dip in Revenue growth , braked to 0.5% on Q2 Dollar data is still probably excusable.

India Morning Report: Sharp cuts ensure quick bottom in India around 5650

A more than expected negative reaction in  the Indian markets yesterday may have subdued analysts into a negative whirl as they were waiting for the same, but post the subdued slightly positive open in global markets, it increasingly looks like today’s move in the Indian markets is more a positive search for value than just

India Morning Report: Infy comeback not happy for markets, “Mind the Gap” and Rupee is still down

Don’t get me wrong Mr Murthy, you have been welcomed back except by your family at Catamaran, but that India is welcoming the IT story comeback of the decade to only 2 paise jump on the rupee itself goes volumes to say in a market shunning the banking sector after changes in provisioning introduced last

SEPTEMBER 2012: RBI CUTS BANK RESERVE RATES BY 25BP

As yields dropped on the reform news, good news kept raining on the markets with Duvvoori Rao going ahead with the much pressured rate cut of 25 bp to give industry a chance to shore up the IIP froma low 0.1% last week to better reports than the expected turnaround in April 2013/June 2013. The

Late Morning Trading Strategies – An Update By 10 Am (September 17, 2012)

  Markets have not gone nose up on news and thus are unlikely to go belly up by next week. As unexpected as it was and as fruitless it might be the sectoral runs in Aviation and Broadcast channels have been well left alone, the improvement in FDI regime resulting in gains of 3% (JET)

India Morning Report July 18, 2012: O if only Pranab Da was the Sensex!

    Mr Pranab Mukherjee can possibly land a 73% vote in the Presidential election later in the week as Mamata Bannerjee capitulates for a fellow Bengali. Early monsoon worries caused a big hole in the states of UP, Punjab, Maharashtra and even Rajasthan with more than 50% deficiency but Foodgrain production is already 257.44MT

No not yet Trading Strategies – India July 05, 2012

Late Morning Trading strategies (DID you buy your ITC yet?) As the title suggests most of the activity is in the silent bond and currency markets with Indian bond rebound and unrelated yet unlikely dollar rebound sees hectic activity as accumulation continues n the suggested consolidation, the market having not seen any exits and the

Morning Trading Strategies – India June 28, 2012

Expiry Thursday means buying would not have picked up in July series and some are not quasi currency forwards for a change. IDFC Calls at 160 levels for example are cheap and buying should be done today and yesterday. Those avoiding options can sget into July series infrastructure futures in ICICI Bank and IDFC, ICICI Bank looking

Fixed Income Report: India back as flavor of the year

Global sentiment has again turned in favor of India as a leader of the trend of survival led growth, thaat is bleeding the best of developed world markets dry with expectations of QE fuelled growth that are increasinglytemporary growth humps on the chart and trending down like a dampening whale’s breath on each injection of

THE INDIA BUDGET 2012: Healthcare, Education and the Rest?

New National Urban Health Mission mooted, NRLM (Rural Literacy ) allocation increased AAjivika women self help – bank credit -> extended interest subvention ( eff rate 4%) NRHM allocation INR 208 bln Addendum: India to get its own Huijin as holding company for Bank Capital  National Credit Guarantee Fund for Youth, Rural Development Fund!, National

Overseas FDI by India reaches $45 bln

Indian outbound FDI reached a $43.9 bln mark in 2011 till March 2011. This includes the Q2 purchase of Airtel Africa (Zain ) in 2010 in 15 African countries. It also includes the $3 bln and more purchases of Shale by Reliance  across Pioneer, Atlas and other shale owners in the Marcelus and other shale

India Infrastructure: HSBC, ADB funding to bring up $ 1 bln debt fund

India’s first infrastructure debt fund is well on its way with the $1 bln corpus mooted by IIFCL successfully siloed for a launch of the fund in February 2012. the first fund will include IIFCL participation to 26% or $260 mln only as Asian Development Fund and HSBC chip in with $250 mln each for

The RE60, the 1.4 mln Akash Tablets and another LNG unit

The Bajaj auto effort to showcase the 3 wheeler market is an honest and probably remunerative strategy to capture latent non markets for consumer goods and durables in India as most categories have less than 50% attributable to brands and we have npot progressed beyongd the first few gains for brands last heard in the