MARKET-HUB

Closing Bell: Nifty ends below

11,000 in volatile trade; metal stocks

tank, Bharti Airtel gains 6%

At close the Sensex was up 118.69

points at 37,137.01, while Nifty was

up 17.40 points at 10,997.40.

Rupee slumps 54 paise to 69.60 vs

USD

The rupee dived 54 paise on August

2 to close at an over six-week low of

69.60 against the US dollar as

soaring crude oil prices and a fresh

flare up in US-China trade tensions

weighed on emerging market

currencies.

ITC Q1 meets estimates, profit jumps

12.6% to Rs 3,174 cr, Cigarette EBIT

rises 8%

FMCG major ITC August 2 reported

12.6 percent year-on-year (YoY)

profit growth to Rs Rs 3,173.94 crore

for the quarter ended June 2019. The

growth driven by cigarette business

growth and other income matched

Street expectations.

The company had profit of Rs

2,818.68 crore in the year-ago period.

Sequentially though the net profit

degrew 8.8 percent.

SBI Q1 Result: Profit at Rs 2,312 cr

on lower provisioning; slippages

increase sharply

Country's largest lender State Bank

of India has reported a standalone

profit of Rs 2,312.20 crore for the

quarter ended June 2019, aided by

lower provisioning and stable asset

quality.

Higher other income and operating

income also boosted profitability,

though tepid NII growth limited

profits.

Eicher Motors slips 2% on poor July

sales

Shares of Eicher Motors slipped

more than 2 percent in the early trade

on August 2 after the company

reported weak sales in July 2019.

The company has reported 22 percent

fall in its Royal Enfield July sales at

54,185 units versus 69,063 units in

the same month last year.

Bharti Airtel Q1: Consolidated net

loss at Rs 2,866 crore versus profit of

Rs 107.2 crore, revenue rises 0.7

percent to Rs 20,737.9 crore versus

Rs 20,602.2 crore QoQ; India

wireless EBIT loss at Rs 1,242 crore

EBIT loss of Rs 1,377.8 crore and

average revenue per user rises 5.1

percent to Rs 129 versus Rs 123

QoQ.

Dhampur Sugar Mills June quarter:

Profit rises to Rs 58.5 crore versus

Rs 32.25 crore, revenue increases to

Rs 937 crore versus Rs 734.4 crore

YoY.

Tata Power Q1: Profit falls to Rs

151.3 crore versus Rs 1,670.9 crore,

revenue rises 6.2 percent to Rs

7,766.7 crore versus Rs 7,315.2 crore

YoY.

HCC Q1: Consolidated net loss at Rs

17.4 crore versus loss of Rs 66 crore,

revenue rises 6 percent to Rs 2,455.9

crore versus Rs 2,316.1 crore YoY.

Coal India: July provisional offtake at

46.82 mt, down 2.9%, July

provisional output at 38.50 mt, down

5.1%, YoY

NEWS LETTER

Beyond Research,

Beyond Advice

3rd August 2019

Issue – 360

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

11,310.95 and in Downside 10,848.95.

Nifty Spot In Upcoming Week :-

There is strong Resistance is 11,160 if close above this level then up side target

will 11,360 possibility, if break 10,840 level then next down side target 10,620

possibility.

Bank Nifty in Upcoming week :

There is strong Resistance is 28,800 if not close above this level Till sell on rise

down side target will be 27,900 if break this level then next target 26,500

possibility, upside cross 28,800 then upside target 29,500 possibility.

Market Technical

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BANKNIFTY WEEKLY CHART

NIFTY WEEKLY CHART

Recommendation for next week

MARKET-HUB

COPPER:- Sell on rise Till cross 461 level down

side level 425 to 415 possibility.

CRUDEOIL :- Sell on rise Till cross 4,160 level

down side level 3,600 possibility.

SILVER:- Buy on deep with stop loss 39,400

upside target will be 42,200 possibility.

GOLD:- Buy in deep with sl 35,000 day

closing bais upside target will be 35,700

possibility, if cross 35,700 then next up level

39,000 possibility.

Commodity Market

MARKET-HUB

USDINR: Investors can buy on deep with stop

loss of 69.00 upside target will be 71.00 possibility

.

GBPINR: Investors can sell on rise with the

stop loss of 86.00 and down side target will be

85.00 possibility, buy on deep with sl 84.50 up

side target will be 86 possibility.

EURINR Investors can buy on deep with stop

loss of 76.40 upside target will be 78.00

possibility .

JPYINR: Investors can buy on deep with stop

loss of 63.80 upside target will be 66.55

possibility .

Currency Market (Future Levels)

MARKET-HUB

Premium / Discount (USD/ INR) Based on Forward Rates

Duration Premium One month

Forward

0.22

Three month

Forward

0.44

Six month 1.22

One year 2.44

RBI reference Rates

Currency Rates

USD 69.06

GBP 83.75

Euro 76.31

100 Yen 63.24

Currency Corner

MARKET-HUB

What to do now? After the stiff fall in small and mid cap shares, now even the front line shares have also started falling sharply. The key question in investors’ mind is “What to do

now?” In this regard, it is important to listen to what the experts are saying. We have

collected the thoughts from Mr. Nilesh Shah of Kotak AMC fron CNBC TV18 interview.

It is time to accumulate small, mid cap stocks, says Kotak Mahindra AMC’s Nilesh Shah

CNBC TV18@moneycontrolcom There is undoubtedly a severe price correction from microcap to midcap stocks

and, barring a few, even large-cap stocks have also witnessed a moderate price correction, said Nilesh Shah of Kotak Mahindra AMC in an interview to

CNBCTV18. “Nifty index is quoting at 8,500, so by definition, it becomes part of the bear

market except for 15-20 stocks. The same polarization is there even in midcaps and smallcaps,” he added.

Talking about the interest rates, Shah said, “Around the same time last year, RBI

had increased the interest rate by 25 bps and at that time we were hoping for 7.5 percent GDP growth for Q4 FY2019, but the actual growth rate came at 5.8 percent.”

“Therefore, one could say that the real interest rate burden on entrepreneurs have been quite high and which is where we are seeing a part of the slowdown, but to

attribute everything to high real interest will be a fallacy, ” he further added. He further said that policy predictability needs to come out of this slowdown.

“It’s not only the lower interest rates but also the ecosystem around entrepreneurship in terms of policy predictability which is necessary to come out

of this subdued phase,” said Shah. On the investment front, he said, “We will go out on our limb to say that this is the

time to buy small and midcap.” “See what corrective steps will be taken by the government and based on that one

can start doing systematic transfer plans (STP) into small and midcap stocks over the next 6-18 months.” According to him, what is looking safe is not looking cheap and what's looking

cheap is not safe.

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