MARKET-HUB
Sensex ends 212 pts higher, Nifty
around 10,900; Vedanta, DHFL
plunge 18%
Benchmark indices ended higher but
off day's high with Nifty ended near
10,900 level post Interim Budget
presented by Finance Minister
Piyush Goyal.
SBI post profit in Q3: State Bank of
India has reported profit at Rs 3,955
crore for October-December
quarter,agsinst a loss of Rs 2,416.4
crore in same quarter last year.
Net interest income during the
quarter grew by 21.4 percent year-
on-year to Rs 22,691 crore with loan
growth of 12.1 percent YoY and 4.6
percent QoQ.
Titan Q3 profit jumps 43% to Rs 413
cr,
Jewellery-to-watch maker Titan
Company has reported a healthy 43.5
percent on year growth in third
quarter consolidated profit to Rs
413.2 crore, driven by revenue
growth and strong jewellery business
during festive season.
Profit in same period last year stood
at Rs 288 crore.
Revenue from operations during the
quarter grew by 34.6 percent year-
on-year to Rs 5,871.5 crore with
jewellery business growing 37
percent YoY.
Maruti Suzuki rises 2% after
January auto sales beat Street
expectation
The company sold 1.517 lakh
vehicles during the month, an
increase of 0.2 percent over 1.513
lakh vehicles sold in same month
last year. Global brokerage house
Nomura had expected 1.45 lakh
units sales for the month.
Domestic sales lifted the growth in
January, which increased 1.1 percent
to 1.42 lakh vehicles, but exports
dropped 11 percent to 9,571 units
compared to year-ago month.
Tata Communications rises 5%
on robust Q3 numbers
Shares of Tata Communications rose
5 percent intraday Thursday after
company announced robust numbers
in the quarter ended December
2018.
It has touched an intraday high of Rs
514.05 and an intraday low of Rs
492.25.
NEWS LETTER
Beyond Research,
Beyond Advice
2nd February 2019 Issue – 334
Market Gyan
MARKET-HUB
Corporate Action
Company Name Type
& Percentage
Record Date Ex-Date
Dividend
Hexaware Tech Interim(125.00%) 11-02-2019 08-02-2019
Bharat Elec Interim (30%) 11-02-2019 08-02-2019
Cholamandalam Interim (45%) 11-02-2019 08-02-2019
Dhampur Sugar Interim (35%) 11-02-2019 08-02-2019
DCM Shriram Interim (210%) 08-02-2019 07-02-2019
Granules India Interim (25%) 08-02-2019 07-02-2019
Info Edge Interim (15%) 08-02-2019 07-02-2019
Mahanagar Gas Interim (95%) 08-02-2019 07-02-2019
Praj Industries Interim (25%) 08-02-2019 07-02-2019
Sagarsoft Interim (10%) 08-02-2019 07-02-2019
GMM Pfaudler Interim (50%) 07-02-2019 06-02-2019
IIFL Holdings Interim (0%) 07-02-2019 06-02-2019
Kirloskar Oil Interim (125%) 07-02-2019 06-02-2019
NTPC Interim (35.80%) 07-02-2019 06-02-2019
Orient Electric Interim (50%) 07-02-2019 06-02-2019
Rane Brake Final (65%) 06-02-2019 06-02-2019
Torrent Pharma Interim (260%) 07-02-2019 06-02-2019
Godrej Consumer Interim (200%) 06-02-2019 05-02-2019
HCL Tech Interim (100%) 06-02-2019 05-02-2019
Avantel Interim (30%) 05-02-2019 04-02-2019
Edelweiss Interim (110%) 05-02-2019 04-02-2019
Persistent Interim (80%) 05-02-2019 04-02-2019
Sharda Crop Interim (20%) 05-02-2019 04-02-2019
MARKET-HUB
Nifty Spot In Last Week :-
As we saw the Price Movement in Nifty Spot in last week that In Upside is
10,983.45 and in Downside 10,583.65.
Nifty Spot In Upcoming Week :-
There is strong Resistance is 10,990 to 11025 There is possibility of profit booking
on this level if close above 11,080 the next level 11,320 to 11400 down side
10,800 is support if break this level and closing below this level then down side
next target 10,660 to 10,500.
Bank Nifty in Upcoming week :-
27,540 is strong resistance if close above 27,540 then next level up side 27,900 to
28,400, down side 26,730 is very important level if close below this level then
down side target will be 26,400 to 26,000.
Market Technical
Page: - 2
Recommendation for next week
BANKNIFTY WEEKLY CHART
NIFTY WEEKLY CHART
MARKET-HUB
Copper:- Buy in dips with sl 400 upside target
will be 440 sell around 440 with sl 447 down side
target will be 420 to 400.
Crude:- Buy in dip with sl 3,600 upside target
will be 4150.
Silver :- Buy in dip with sl 38,700 upside
target will be 41,500 if close above 41,600 level
then next up target 42,800 possibility.
Gold :- 33,700 is resistance sell with sl
33,750 down side target 33,000 to 32,700 if
close two day above 33,700 then upside target
35,800.
Commodity Market
MARKET-HUB
Currency Market
USDINR: Investors can Sell on rise around 71.50
to 71.90 with stop loss of 72.27 down side target
will be 71.00 to 70.70 ,Buy in dip with sl 70.00
upside target will be71.60 to 71.90.
GBPINR: Investors can buy in dip around
range 92.00 to 92.20 with the stop loss of 91.60
and upside target will be 93.50 to 94.09.
EURINR: Investors can buy in dip around
range 81.25 with the stop loss of 80.70 closing
base and upside target will be 82.40 to 82.90.
JPYINR:- Investors can buy in dip around
range 81.25 with the stop loss of 80.70 closing
base and upside target will be 82.40 to 82.90.
MARKET-HUB
The most awaited event of Interim Budget by the central government went off relatively silently. It was justified to expect a populace budget ahead of union election. Market was trading cautiously with the fear that If there are large slippages and the market feels that if govt. create new liabilities (without matching resources) at a time when GST collections are not up to the mark.
The govt has tried to maintain the fiscal deficit at 3.4% and that was in the favor of rupee. However, the confusion for raising the supporting resources would dampen the sentiment.
on the international front the US fed cahirman had maintain the interest rate. This has also supported the rupee so some extent.
Crude oil price may remain firm as there was reduction in US inventory. China's manufacturing data are not as bad as expected. Hence, the fear of slow down in the global market is receding. which will support the oil price.
in the next week also, the rupee is likely to stay within a range.
Premium / Discount (USD/
INR) Based on Forward Rates
Duration Premium One month
Forward
0.20
Three month
Forward
0.40
Six month 1.17
One year 2.35
RBI reference Rates
Currency Rates
USD 71.11
GBP 93.17
Euro 81.34
100 Yen 65.31
Currency Corner
MARKET-HUB
Budget 2019 Highlights
Finance minister Piyush Goyal on Friday presented the much awaited Union
Budget in Lok Sabha.
Here is a look at the main points of the Budget presented by Piyush Goyal
• Individual taxpayers with annual income up to 5 lakh rupees to get full tax
rebate.
• Individuals with gross income up to 6.5 lakh rupees will not need to pay any
tax if they make investments in provident funds and prescribed equities.
• Standard tax deduction for salaried persons raised from 40,000 rupees to
50,000 rupees.
• TDS threshold on rental income raised from 1.8 lakh to 2.4 lakh rupees.
• "Around 3 crore middle-class taxpayers will get tax exemption due to this
measure," the finance minister said.
• Gratuity limit increased from 10 lakh to 30 lakh rupees.
• Benefit of rollover of capital tax gains to be increased from investment in
one residential house to that in two residential houses, for a taxpayer having
capital gains up to 2 crore rupees; can be exercised once in a lifetime.
• "We are poised to become a 5 trillion dollar economy in the next five years,
we aspire to become a 10 trillion dollar economy in the next eight years," Goyal
said.
• Businesses with less than Rs. 5 crore annual turnover, comprising over 90%
of GST payers, will be allowed to return quarterly returns.
• Direct tax collections from 6.38 lakh crore rupees in 2013-14 to almost 12
lakh crore rupees; tax base up from Rs 3.79 crore to Rs 6.85 crore. 99.54%
returns have been accepted without any scrutiny. In January 2019, GST
collections has crossed 1 lakh crore rupees.
• GST has been continuously reduced, resulting in relief of 80,000 crore
rupees to consumers; most items of daily use for poor and middle class are now
in the 0%-5% tax bracket.
• Two per cent interest subvention on loan of 1 crore for GST registered
MSME units.
• Group of Ministers examining how prospective house buyers can benefit
under GST.
• GST is the undoubtedly the biggest taxation reform implemented since
Independence; through tax consolidation, India became one common market;
inter-state movements became faster through e-way bills, improving Ease of
Doing Business.
• Within almost two years, almost all assessment and verification of IT returns
will be done electronically by an anonymized tax system without any
intervention by tax officials.
• "Cost of data and voice calls in India is now possibly the lowest in the
world; mobile and mobile part manufacturing companies have increased from 2
to 268," he said.
Updates
Page: - 3
MARKET-HUB
• Single window clearance for filmmaking to be made available to Indian
filmmakers, anit-camcording provision to be introduced to Cinematography
Act to combat film privacy.
• Allocation for North Eastern region proposed to be increased to Rs 58,166
crore in this year a rise of over 21% from the previous year.
• Increased allocation for Rashtriya Gokul Mission to 750 crore in current
year.
• Two per cent interest subvention to farmers pursuing animal husbandry and
fisheries.
• "Urgent action needed to increase hydrocarbon production to decrease
imports; change in bidding procedure and exploration procedure being
implemented," Goyal added.
• Committee under NITI Aayog to be set up to identify and denotify nomadic
and semi-nomadic communities; Welfare Development Board to be set up
under Ministry of Social Justice and Empowerment for welfare of these hard-to-
reach communities and for tailored strategic interventions.
• Mega Pension Yojana, namely Pradhan Mantri Shram Yogi Mandhan, to
provide assured monthly pension of 3000 rupees per month, with contribution
of 100 rupees per month, for workers in unorganised sector after 60 years of
age.
• "(This) will benefit 10 crore workers in unorganized sector, may become the
world's biggest pension scheme for unorganized sector in five years," Goyal
said.
• Under Pradhan Mantri Kisan Samman Nidhi, 6000 rupees per year for each
farmer, in three installments, to be transferred directly to farmers' bank
accounts, for farmers with less than 2 hectares land holding.
• This initiative is likely to benefit 12 crore small and marginal farmers, at an
estimated cost of Rs 75,000 crore.