19 Aug 2017 | 1:42 AM
Research Report
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Equity Research Report: Religare Morning Digest

As the overall bias is on downside, one may utilize technical bounce for initiating fresh short till Nifty sustains below 5750 spot basis.
12 Aug 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - As the overall bias is on downside, one may utilize technical bounce for initiating fresh short till Nifty sustains below 5750 spot basis.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 19040 18900 18789.34 18680 18530
NIFTY 5650 5600 5565.55 5530 5480
BANK NIFTY 10000 9910 9816.40 9750 9650
CNXIT 7890 7840 7801.45 7750 7690
 
Corporate News

Lanco Infratech Ltd has posted a huge loss of Rs 578 crore for the first quarter ended June 30, 2013 against a loss of Rs 441 crore in the corresponding period last year. Gross revenue during the first quarter was down 28 per cent at Rs 2,914 crore against Rs 4,030 crore in the same quarter last year.

Hero MotoCorp reported that the company will launch products developed 100% in India in the next few years.

Great Eastern Shipping reported a 35.36% rise in its consolidated net profit to Rs 244.98 crore for the quarter ended June 30, 2013, due largely to lower operating costs and decline in interest outgo. The company board also approved buy back of shares “up to an aggregate amount of Rs 279 crore, being 5.53% of the total paid-up equity capital plus free reserves” at a maximum price of Rs 279 per share.

IRB Infrastructure has posted a 5.13% decline in net profit at Rs 134.56 crore for the first quarter ended June 30, 2013 against Rs 141.84 crore in the corresponding period previous fiscal. Total income for the period under review increased 4.9% to Rs 1,061.92 crore from Rs 1,012.25 crore in Q1 of FY’13.

Results on 12 August 2013: SBI, DLF, ONGC, GVK Power, Hathway Cables, HPCL, India Cements, Indian Hotels, Jyothy Lab.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
JINDALSTEL BUY 207.40 200-202 197 215 3-5 DAYS
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
DIVISLAB BUY AUG FUT 979 974-976 959 1020 3-5 DAYS
 
 
Fundamental Picks for delivery (1 - 2 Years)
Large Caps ACC, Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ
Midcaps & Small Caps GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services,  Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank
Note – For our running recommendations and past performance, please click here
    Market Roundup
 
After a flat opening the domestic indices gained momentum during mid-day session and closed in green. Realty stocks gained for the second straight day. Mining and metal stocks rose after China reported much better than expected trade results for the month of July 2013. However, gains on the upside were largely capped amid lingering speculation that the Fed would start reducing its monthly bond purchases after encouraging economic data. The IIP data and Inflation figure due next week would be the next key triggers for  market ahead.