Document 6599007

EQLine Research and Services Pvt Ltd
Advisory Desk - Market Summary
November 07, 2014
Market View
Indian markets are expected to open on a flat note tracing global markets & SGX Nifty. Yesterday, the US markets ended on a
positive note as European Central Bank vowed to increase stimulus efforts if needed and a drop in US Jobless claims blostered
optimism in the economy.
Today, most of the Asian Markets are trading on a positive note. However, SGX Nifty is trading down by 8 points to 8405 levels.
The support levels for NIFTY Cash for today are 8300-8250 and resistance level will be 8400-8450.
Key Event for the Day
07:00 pm: US Change in Non-Farm Payrolls is expected to be 235,000
07:00 pm: US Unemployment rate is expected to remain unchanged at 5.9%.
Domestic & Global Indices
IndicesChg (%)
BSE Sensex0.2
Nifty0.2
Dow Jones0.4
NASDAQ0.4
FTSE0.2
Shanghai Com0.1
(Pts)
55
14
70
18
12
2
(Close)
27916
8338
17554
4638
6551
2428
Market Outlook
Indices
Sensex
NIFTY
FII
MFs
5742
1295
3835
843
1907
453
892
5940
S1
R1
R2
27775
8300
27846
8319
27998
8361
28081
8385
Technical Analysis
IndexView
NIFTYNeutral
BANK NIFTY
Net Inflows (October 31, 2014)
Rs CrPurchSalesNet
MTD
S2
Neutral
Support Levels
8300 – 8250
Resistance Levels
8400 – 8450
17200 – 17150
17500 – 17600
YTD
83912
15087
FII Derivatives (November 05, 2014)
Rs CrPurchSales Net
Index Futures23221600
722
Stocks Futures24613297
-836
OI
18144
47788
News Analysis
Stock
View
Remark
Hero MotoCorp
Gujarat Sidhee
Cement
Marginally Negative
Negative
As per media reports, Bain Capital to sell $200mn of shares in Hero MotoCorp
Company has informed stoppage of mining on environment ministry order which
adversely affects production
1
212/4B, Ramani Srinivasan IInd street, Venkateswara Nagar, New Perungalathur, Chennai 600063. Ph: +919444119602
EQLine Research and Services Pvt Ltd
Advisory Desk - Market Summary
November 07, 2014
Result Review
Stock
View
Colgate-Palmolive
India Ltd
Tata Global
Beverages Ltd
Consol
Ashok Leyland
Neutral
Negative
Positive
Negative
Canara Bank
Positive
Cummins India
Remark
Result came in line with estimates. Actual net profit came in at Rs.130cr vs. estimates of
Rs.134cr.
Result came below estimates. Actual net profit came in at Rs.62.5cr vs. estimates of
Rs.95cr.
Result came above estimates. Actual net profit came in at Rs.121cr vs. estimates of Rs.21cr.
Result came below estimates. Actual net profit came in at Rs.627cr vs. estimates of
Rs.702cr.
Result came above estimates. Actual net profit came in at Rs.203cr vs. estimates of
Rs.144cr.
Quarterly Bloomberg Broker's Consensus Estimates
2QFY15E
Particulars (Rs cr)
Stocks
Bank of Baroda
Larsen & Toubro Ltd
Net profit
Net profit
1,269
956
2QFY14
y-o-y (%)
1QFY15
q-o-q (%)
1,168
978
8.6
(2.2)
1,362
894
(6.8)
7.0
EQLINE RESEARCH
2
212/4B, Ramani Srinivasan IInd street, Venkateswara Nagar, New Perungalathur, Chennai 600063. Ph: +919444119602
EQLine Research and Services Pvt Ltd
Advisory Desk - Market Summary
November 07, 2014
Disclaimer
The information herein, together with all estimates and forecasts, can change without notice. This report does not purport to
be a complete solicitation of offers to buy or sell any securities. Visitors to the site are advised to consult experts or study
prospectus and other legal offer documents issued by companies before taking any decisions based on information provided in
the site.
Neither http://www.eqinfotech.com or EQLine nor its Directors or Analysts or Employees accept any liability whatsoever nor
do they accept responsibility for any financial consequences arising from the use of the research or information provided
herein.
EQLINE RESEARCH
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212/4B, Ramani Srinivasan IInd street, Venkateswara Nagar, New Perungalathur, Chennai 600063. Ph: +919444119602