Nifty 8805/Sensex 28351/ Bank Nifty 20251
25 Advances / 26 Declines/ 0 Unchanged
Indian benchmarks settle with tepid gains; Nifty ends above 8800 mark
Indian benchmark indices ended the range bound day of trade on a flat note with positive bias as investors remained on the sidelines and refrained from any buying activity ahead of the key consumer price inflation (CPI) data due later in the evening. The CPI-based inflation is likely to come down in January to the lowest in the new series due to subdued demand post-demonetization and base effect before spiking up again in the next two months.
Sentiments got some support with a report that the government’s revenue collection during April-January, 2016-17 has shown healthy growth, indirect tax collection jumped 23.9 percent to Rs 7.03 lakh crore on the back of robust central excise mop-up, while direct tax collection rose by 10.79 percent to Rs 5.82 lakh crore. The total direct and indirect tax collections at the end of January stood at Rs 12.85 lakh crore, more than half the Rs 16.26 lakh crore target for 2016-17. Some support also came in from reports that after four months of intense selling, overseas investors turned net buyers in February and have so far pumped in over Rs 5,800 crore in the capital market. The latest inflow followed a net pullout of Rs 80,310 crore from equity and debt together in the past four months (October-January). However, gains remained capped with the report that Industrial production contracted in December 2016 due to a sharp decline in production of consumer goods, confirming a demonetisation led contraction in demand. Index of Industrial Production (IIP) was 0.4% lower in December 2016 from the same period a year ago.
The number was well below the 5.7% growth in November and consensus expectation of around 1% growth in December. Adding anxiety among investors, the Nomura’s report indicated that India's economic growth is likely to remain muted in the first quarter of this calendar year with the GDP likely to grow at 5.7 per cent in the January-March period amid subdued activity.
On the global front, Asian markets ended higher on Monday amid renewed optimism over U.S. President Donald Trump's corporate tax reform plans as well as higher crude oil prices. Japanese market edged higher, after the country reported a preliminary GDP growth of 1% for the December quarter. News about a smooth meeting between Donald Trump and Japanese Prime Minister Shinzo Abe during the weekend also lifted investors’ sentiments, though market participants brushed aside news about a ballistic missile launch by North Korea on Sunday. Chinese market rose for the fourth straight session, as a rally in metals prices lifted material stocks. Reports that Trump spoke by phone with Chinese President Xi Jinping and agreed to honor the 'One China' policy also eased concerns about tensions between the two countries. Meanwhile, European shares rose for a fifth consecutive session, with mining stocks touching their highest in 2-1/2-years on stronger copper prices.
Back home, the local benchmarks got off to a positive start in the morning trade as investors were largely influenced by the supportive leads from Asian markets. However, the indices dropped into the red terrain sooner than later, lacking any significant upside cues. The indices moved only sideways thereafter but touched intraday lows in the noon session. However, the frontline gauges managed to pare the losses and bounced into the positive terrain by the end of trade.
FII’s Activity 13-Feb-17
The FIIs as per Monday’s data were net buyers in equity and debt segments both, according to data released by the NSDL.
In equity segment, the gross buying was of Rs 4952.76 crore against gross selling of Rs 4397.49 crore. Thus, FIIs stood as net buyers of Rs 555.27 crore in equities.
In the debt segment, the gross purchase was of Rs 1849.38 crore with gross sales of Rs 1134.09 crore. Thus, FIIs stood as net buyers of Rs 715.29 crore in debt.
Key Result
Adani Enterprises Ltd
Adani Ports & Special Economic Zone Ltd
Aditya Birla Nuvo Ltd
Advanced Enzyme Technologies Ltd
Amtek Auto Ltd
Apollo Hospitals Enterprise Ltd
Cox & Kings Ltd
DLF Ltd
Fag Bearings India Ltd
Finolex Cables Ltd
Fortis Healthcare Ltd
Gayatri Projects Ltd
Godrej Industries Ltd
Greaves Cotton Ltd
Himachal Futuristic Communications Ltd
Housing Development & Infrastructure Ltd
Ingersoll-Rand (India) Ltd
J Kumar Infraprojects Ltd
Jain Irrigation Systems Ltd
Jindal Steel & Power Ltd
Kalpataru Power Transmission Ltd
KRBL Ltd
Kwality Ltd
Mahanagar Telephone Nigam Ltd
MOIL Ltd
Natco Pharma Ltd
P I Industries Ltd
Parag Milk Foods Ltd
PC Jeweller Ltd
Phoenix Mills Ltd
PNC Infratech Ltd
Prism Cement Ltd
Rolta India Ltd
Rural Electrification Corporation Ltd
S H Kelkar & Company Ltd
Shilpa Medicare Ltd
Siti Networks Ltd
Solar Industries India Ltd
SpiceJet Ltd
Sun Pharmaceuticals Industries Ltd
Swan Energy Ltd
Tata Motors Ltd
Tata Motors-DVR
Texmaco Rail & Engineering Ltd
Thomas Cook (India) Ltd
Unitech Ltd
V I P Industries Ltd
Vedanta Ltd
Voltas Ltd
Now what to expect next??
Nifty Levels
Support 8720 and resistance at 8850.
Trading in range, either side breakout with volume will decide further.
Wait for confirmation
Bank Nifty Levels
Support at 19900 and resistance at 20650.
Trend looks positive and could touch its resistance level of 20650, further upside rally will see on close above 20650 else could touch its support level of 19900
Looks weak only below 19900
Today's Top Pick
Today's top pick will update during market hours on our application
More will update soon!!
