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Share Market Tips

Auto Q4FY19E Result Preview: Weak demand, margin pressure to impact earnings

For Q4FY19E, most auto companies, on a yoy basis, are expected to post weak demand with margins remaining under pressure. OEM demand soft – Weak demand was witnessed across auto segments in CY18 and the demand environment is yet to see recovery. Despite the retail demand improving, higher inventory levels indicate that wholesale demand will take some more time to bounce. Volume growth is estimated to remain muted in 1HCY19 and bounce post that on a favourable base and pre-buying before…

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Stock Recommendations for April 15th-April 18th, 2019

Stock Pick Observation Company HDFC Life Insurance Limited The stock has resumed its higher-top-higher-bottom chart structure and has given a strong recovery by forming a bullish hammer candlestick pattern on the weekly chart. The stock is also on the verge of giving a bullish double bottom pattern breakout on the weekly chart, indicating a continued upward momentum. Recommendation Buy or Sell Buy (Cash) Range Rs  400-405 Target Rs  425 Stop Loss Rs  390 Duration 1 week 200 D-EMA Rs  396…

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Top stocks in focus: HDFC Bank, SBI, Vodafone Idea

KKR & Co will offload around 1.14cr shares, or 0.42% stake, in HDFC Bank through a bulk deal on April 10, as per media reports. SBI cuts MCLR across tenors by 5bps. Home loan rates for up to Rs30 lakh have been cut by 10bps. Vodafone Idea said its Rs25,000cr rights issue will open today. Praj Industries signed a construction license agreement with the US-based ‘Gevo’ to commercialize the technology for production of lsobutanol using sugary-based feedstocks, such as juice, syrup and molasses. Mindtree to consider…

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Sensex, Nifty erase gains; RIL, ICICI Bank stocks drag

Equity benchmark indices kicked off the week with a positive bias led by gains in metal, pharma, and banking stocks. However, the stock market erased gains paced by declines in Reliance Industries, ICICI Bank, HDFC, ITC, and Yes Bank. The market participants will monitor the earnings season which starts this week and that will be a key trigger for the markets. Also, the big event of the general election starts this week with the first round of polling on April 11. The rupee slipped by…

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Sensex rallies over 200 points; Metal index surge ~2%

Equity benchmark indices extended gain in Monday’s morning trade tracking positive global cues. Banking stocks, which outperformed in March, hit a fresh record high of 30,603 levels, rising 0.60%. From the metal space, the index gained 2% led by Hindalco, Vedanta, and Tata Steel. The Sensex was up 243 points at 38,916 levels, and the Nifty50 index rose 62 points at 11,686 levels. The market breadth was positive on the NSE with 1,206 shares advancing, 354 shares declining, and 516…

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RCom Enterprises pledges 12.50cr shares of RCom with IndusInd Bank: Media report

Anil Ambani’s Reliance Communication Enterprises has pledged 4.52% of its holding in Reliance Communications (RCom) amounting to 12.50cr shares with private sector lender IndusInd Bank, a PTI report said. As per the report, RCom Enterprises currently holds 17.74% stake, or 49.06cr shares, in RCom, of which it had previously pledged 4.85%. With the latest pledge on March 22, the total pledged shares by RCom Enterprises now stands at 9.37% of total share capital or 25.90cr shares. Reliance Communications Ltd’s share price ended…

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Nifty Trading Tips@Embassy Office Parks REIT IPO opens today

The Indian rupee rose for the sixth consecutive day, and opened at 68.92/$, up 18 paise against the US #dollar. The sharp rally in the Indian rupee could be attributed to robust foreign inflows ahead of general elections.   The #currency has gained past 69 levels against the US dollar for the first time since August 10, 2018, in the early trade on Monday. Embassy Office Parks REIT (“Embassy REIT”), the first ever by a Real Estate Investment Trust in…

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Stock Recommendations for March 18th-March 22nd, 2019

Stock Pick Observation Company PC Jeweller The stock has given a sharp pullback after witnessing a strong rally since the start of the March series. The stock has formed a bearish Engulfing pattern on the daily chart along with an addition of fresh short positions, indicating a negative bias going into the next week. Recommendation Buy or Sell Sell ( Mar Futures) Range Rs  83.5-85.5 Target Rs  80 Stop Loss Rs  87 Duration 1 week 200 D-EMA Rs  112 NSE…

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Nifty PSU Bank gains 2% led by Canara Bank, PNB, Bank of Baroda

The Nifty PSU Bank index gained 2% on Friday amid heavy buying in Canara Bank, PNB, Bank of Baroda, SBI, and Oriental Bank of Commerce. Shares of Canara Bank, PNB, Bank of Baroda, SBI, Bank of India, and Oriental Bank of Commerce, which rose 2% each, led the index’s gain. Shares of Bank of India, Central Bank of India, Union Bank, J&K Bank, and IDBI Bank also contributed to the gain, rising 1% each. Shares of IDBI Bank gained after the Reserve Bank of India (RBI) classified the bank as private lender after Life…

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Sensex rallies over 350 points; NTPC, Power Grid stocks lead

Equity benchmark indices opened higher for the second consecutive session led by gains in Reliance Industries, HDFC Bank, ICICI Bank, and L&T. Meanwhile, all eyes will be on macro data such as IIP for the month of January and the inflation rate for the month of February, which is scheduled to be released today. The Sensex rallied 351 points to 37,405, while the Nifty was up 98 points to 11,266. The market breadth was positive with 1,302 shares advancing, 284 shares declining, and 469 remaining unchanged on the…

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