MARKET-HUB

Sensex ends flat, Nifty holds 11,700

At close, the Sensex was down 18.17

points at 38963.26, while Nifty was

down 12.50 points at 11712.30. About

1027 shares have advanced, 1462

shares declined, and 190 shares are

unchanged.

Rupee maintains form, spurts 15

paise to 69.22 vs dollar on sliding oil

prices

Rising for the fourth straight session,

the rupee strengthened by 15 paise to

close at 69.22 against the US dollar

May 3, bolstered by easing crude oil

prices. However, fresh foreign fund

outflows and subdued sentiment at the

domestic equity markets capped the

gains, forex traders said.

Godrej Consumer Products Q4:

Godrej Consumer Products has

reported 51 percent jump in its

Q4FY19 net profit at Rs 935.2 crore

against Rs 617.19 crore in a year ago

period.

Revenue of the company was down at

Rs 2,452.6 crore against Rs 2531.15

crore.

Tata Motors total domestic sales for

April 2019 declined by 20% at 42,577

units against 53,511 units, YoY

Tata Power Q4

Consolidated net profit down 95.5%

at Rs 57.6 crore versus Rs 1,291.5

crore

Consolidated revenue at Rs 7,230.2

crore versus Rs 7,216.9 crore

L&T Infotech Q4

Net profit at Rs 378.9 crore versus Rs

375.5 crore

Rupee revenue up 0.5% at Rs 2,486

crore versus Rs 2,472.9 crore

Dollar revenue up 2% at USD 353.8

million versus USD 346.9 million

Blue Star Q4 net profit at Rs 79.8

crore versus Rs 31.7 crore, revenue up

18.5% at Rs 1,595.8 crore versus Rs

1,346.3 crore, YoY

Godrej Properties purchases R.K.

Studios' land in Chembur, Mumbai

Standard Life to sell 1.78% stake in

HDFC Life Insurance on May 3 &

May 5

Tata Power Q4 net drops 92% to Rs

107.32 cr; declares dividend of Rs

1.30/share

Tata Power on May 2 reported a 92

percent decline in consolidated net

profit at Rs 107.32 crore for the

quarter ended March due to an

exceptional adjustment in the

previous year. The company's

consolidated net profit stood at Rs

1,364.33 crore in the quarter ended

March 31, 2018, it said in a statement.

NEWS LETTER

Beyond Research,

Beyond Advice

04th May 2019

Issue – 347

Market News

MARKET-HUB

Results & Corporate Action

MARKET-HUB

Nifty Spot In Last Week :-

As we saw the Price Movement in Nifty Spot in last week that In Upside is

11,789.30 and in Downside 11,655.90.

Nifty Spot In Upcoming Week :-

There is strong Resistance is 11,820 There is possibility of profit booking on this

level if close above 11,820 the next level 12,000 to 12,200, down side 11,620 is

strong support buy on deep with sl 11,480 upside target will be 11,720 to 11,820

possibility.

Bank Nifty in Upcoming week :-

If not close above 30,180 Till then sell on rise down side target will be 29,550 to

29,250, If close above 30,180 then next up side level 30,500 to 30,650.

Market Technical

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Recommendation for next week

BANKNIFTY WEEKLY CHART

NIFTY WEEKLY CHART

MARKET-HUB

COPPER:- If break 428 then sell with sl 436 down

side target will be 416.

CRUDEOIL :- Sell on rise with sl 4,420 down

side target will be 4,200 possibility.

SILVER:- Sell on rise with stop loss 38,700

down side target will be 36,300 to 35,700

possibility,buy in deep with sl 35,500.

GOLD:- There is strong resistance is 32,000 if

not close above this level Till then sell on rise

down side target will be 31,000 possibility.

Commodity Market

MARKET-HUB

USDINR: Investors can Sell on rise around 70.00

to 70.50 with stop loss of 70.80 down side target

will be 69.20 to 68.70 ,Buy in dip with stop loss

68.60 upside target will be 69.20 to 70.00

possibility .

GBPINR: Investors can buy in dip with the stop

loss of 88.40 and upside target will be 91.40

possibility, sell on rise with sl 91.50 down side

target will be 90.00 to 89.40 possibility

EURINR: If not close above 79.00 Till then

sell on rise down side target will be 77.30 to

77.00 possibility.

JPYINR: Investors can sell on rise around

62.90 to 63.20 with the stop loss of 64.50 and

down side target will be 61.30 to 60.70

possibility.

Currency Market (Future Levels)

MARKET-HUB

Considering the US sanction on Iran and Venezuela, it was feared that the crude oil price would remain strong. However, the US crude oil production reached a

record high of 12.3 mbpd last week, a rise of around 2 mbpd compare to the past year. Also, as the output of its Shale fields continued to surge, US has seen record

export of Crude as well as the inventory was also at higher level in the US.

Also, Russia has resumed its supply through Druzhba pipeline and the OPEC has shown willingness to increase the supply. All these factors have kept the check on

crude oil price.

This had positive impact on the Indian Rupee against the US Dollar. Also, US fed‟s decision to keep the interest rates unchanged had reduced the pressure on Indian rupee.

So, during the entire week, rupee maintained the strength.

The traders are watching the settlement between the US and China trade talk.

Premium / Discount (USD/

INR) Based on Forward Rates

Duration Premium One month

Forward

0.25

Three month

Forward

0.53

Six month 1.26

One year 2.54

RBI reference Rates

Currency Rates

USD 69.26

GBP 90.24

Euro 77.33

100 Yen 62.13

Currency Corner

MARKET-HUB

TWO Exchanges Two orders: Are Retail Investors losers in both cases?

The last week has seen the mix of Shock and relief for the two exchanges. On one hand SEBI had passed unprecedented orders against NSE in Co-location matter,

while on other hand the Supreme Court set aside government order to merge 63 Moons Technologies Ltd with the s National Spot Exchange of India Ltd (NSEL).

On April 30, 2019, SEBI passed five orders against National Stock Exchange

(“NSE”) and others. While one order has directed NSE to disgorge an amount of Rs.624.89 crores (along with interest), another order has directed NSE to disgorge

an amount of 62.58 Crores (along with interest). Other directions against NSE include a ban on NSE from accessing the securities markets and ban on launching

new derivative products for six months. Now, if the SEBI‟s argument is true then can‟t we say that the profit earned (from

the co-location facilities) by few brokers has certainly comes from the pocket of retail investors?

NSE will surely challenge the SEBI order to prove its innocence. The Supreme Court on Tuesday set aside a three-year-old government order to merge 63 Moons Technologies Ltd with the scam-hit National Spot Exchange of

India Ltd (NSEL), in a huge relief for the Jignesh Shah-founded company once known as Financial Technologies India Ltd (FTIL). The merger order did not

satisfy the criteria of „public interest‟ cited by the government for its decision, the court ruled.

The apex court was hearing a batch of petitions filed by 63 Moons and founder Shah challenging a Bombay high court order upholding the merger. The Supreme

Court did not rule on liabilities of NSEL and alleged fraud as those are being adjudicated in various courts.

“No reasonable body of persons properly instructed in law could possibly hold, on the facts of this case, that compulsory amalgamation between FTIL and NSEL

would be in public interest," said Justice Rohinton Nariman, in the order. But the Apex court didn‟t say anything about “how the retail investors who lost the money would get it back”

For retail investors it is always the lose, lose game.

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