Derivatives View 14 Dec 2018

Overview : The Nifty witnessed a volatile session where in the first half short covering trend was seen. However, it failed to carry on with the same pace above 10900, which resulted in profit booking. Selling i...

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India Strategy 14 Dec 2018

Overview : Cooler oil provides a much-needed relief Brent crude oil prices have corrected by 30% since Oct’18, while the INR has bounced back from the lows of INR74 per dollar to ~INR71.6 now. Petrol and diesel ...

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Fund Folio 14 Dec 2018

Overview : Domestic mutual funds (MFs) appeared to recover the lost ground after two months in Nov’18. Equity AUM of the mutual fund industry increased 4% MoM to INR8.3t in the month.  The increase in equity AU...

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Momentum Picks 14 Dec 2018

Overview : Benchmark indices maintained a higher peak and trough as the index extended gains over a third consecutive session. For the session, the Nifty settled at 10792, up 54 points or 0.5%. Broader markets r...

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Commodity Daily 14 Dec 2018

Overview : Gold on MCX settled down -0.65% at 31527 as the dollar stayed steady against most major currencies after the European Central Bank lowered eurozone growth projections for the coming year. The dollar f...

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Daily Currency Report 14 Dec 2018

Overview : Rupee gained after inflation eased sharply in November, bolstering expectations of a rate cut sooner than expected and strengthened as global trade tensions eased. India’s November inflation fell to a...

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Derivatives Daily 14 Dec 2018

Overview : India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 1.64% and reached 15.55. Nifty December 2018 futures closed at 10824.95 on Thursday, at a premium o...

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Derivatives Weekly View 14 Dec 2018

Overview : Nifty: Level of 10650 important support in current pullback… The Nifty witnessed a good pullback post the much awaited state election outcome. The lower difference in vote share of the party in power ...

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Analyst Meet Update – Larsen & Turbo Infotech 14 Dec 2018

Overview : Larsen & Turbo Infotech (LTI) recently hosted its analyst day in Mumbai. LTI is a technology and digital solutions company with a presence in BFSI (47.8% of revenue), manufacturing (15.4%), hi-tech, m...

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Derivatives View 13 Dec 2018

Overview : The benchmark indices extended their gains from the lows of Tuesday. All major sectoral indices ended positive. However, on the back of short covering, premiums moved to 50 points. IVs further cooled ...

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Sector Update: NBFC 13 Dec 2018

Overview : We recently visited several regional offices and branches of major vehicle financiers in and around Mumbai. Key takeaways:  The recent liquidity crunch has had a varying degree of impact on vehicle f...

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Ecoscope 13 Dec 2018

Overview : India's headline CPI inflation eased to a 17-month low of 2.3% in Nov’18 from 3.4% in Oct’18. The number is lower than our estimate/market consensus of 2.5%/2.6%. This is the sixth straight month of l...

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Sector Update: India Life Insurance 13 Dec 2018

Overview : Private players reported a decline of 1% YoY in individual WRP in Nov-18 (Oct-18: +17% YoY) – the lowest in past six months – as industry growth declined to 6.3% (Oct-18: +8.4% YoY). Among private pla...

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Momentum Picks 13 Dec 2018

Overview : Benchmark indices posted strong gains for a second consecutive session driven by a rally in auto, metal and financial heavyweights. For the session, the Nifty settled at 10738, up 188 points or 1.8%. ...

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Derivatives Daily 13 Dec 2018

Overview : India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 11.92% and reached 15.81. Nifty December 2018 futures closed at 10783.65 on Wednesday, at a premium...

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Currency Market Updates 13 Dec 2018

Overview : Rupee weakened slightly, in response to a sharp rise in global crude oil prices which threatens to aggravate India’s current account deficit. The appointment of ex-finance ministry official Shaktikant...

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Sector Update: BFSI 13 Dec 2018

Overview : In line with our endeavour to stay abreast of the liquidity situation, we present an update on the month gone by (November) and also delve into the potential developments in ensuing months. We also ra...

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Momentum Picks 11 Dec 2018

Overview : Ashok Leyland Buy Range 113-117 Target 137 SL 102 Time Frame 3 Months...

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Derivatives Daily 10 Dec 2018

Overview : India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 3.73% and reached 18.59. Nifty December 2018 futures closed at 10735.15 on Friday, at a premium of ...

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Sector Update: Automobiles 10 Dec 2018

Overview : Our deep dive into RBI’s vehicle loan data (since FY14) indicates a sharp rise in finance penetration (driven by expanding customer base, improving loan to value or LTV, lower rate of interest) has p...

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