19.Oct.2015 to 23.Oct.2015 - SECTORWISE STOCKS & INDIAN MARKET OUTLOOK FOR THE WEEK

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Oil Stocks Outlook for the week – 19 to 23.10.2015 (RIL seen up on buoyant Jul-Sep GRM, PAT)

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Index heavyweight Reliance Industries' robust Jul-Sep earnings are set to further lift the mood in the equity markets on Monday, but action in the latter part of the week will be stock-specific, taking direction from earnings of other key companies. Post market hours yesterday, Reliance Industries reported robust earnings—a net profit of 65.6 bln rupees, beating analysts' estimate of 58.39 bln rupees.

The company reported gross refining margin of $10.6 a barrel, up from $10.4 a quarter ago. Besides Reliance Industries, the Jul-Sep earnings of other Nifty constituents such as HCL Technologies, UltraTech Cement, ACC, Hero MotoCorp, Bajaj Auto, Cairn India, HDFC Bank, Wipro, Idea Cellular, and Asian Paints will be in focus next week.

Earnings are important, vital. If earnings are not good, then I think we will see disappointment post that. Some market participants advise caution, even if indices gain. Traders should continue with positive yet cautious approach and prefer only quality stocks even for the day trade. The global markets will also be watched for cues. Technical analysts see the National Stock Exchange's Nifty gaining next week and could test 8300 points after breaking the crucial support level of 8200 points.

The 50-stock index is seen finding support at 8100 points. Yesterday, the Nifty ended at a near two-month of 8238.15 points, up 0.7%, and the S&P BSE Sensex gained 0.8% to end at 27214.60 points. Gains in the broad market were led by banks, with the Bank Nifty ending as the top gainer among sectoral indices, up 1.3% at 17912.85 points.

Next week, the index is seen extending gains and could test 18200 points. Among other sectors, cement companies are also likely to be in focus next week, with ACC and UltraTech Cement reporting their Jul-Sep earnings.
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INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK - 12.Oct.2015 - 16.Oct.2015

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Metal Stocks Outlook for the week – 12 to 16.10.2015 (Narrow range with negative bias)

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After gaining over 3% this week, the bias for benchmark indices is expected to remain positive next week, while Jul-Sep earnings of key index constituents and data on consumer price index-based inflation and industrial growth will be in focus.

Among index-constituents, Infosys, Tata Consultancy Services, Hindustan Unilever, Zee Entertainment Enterprises, and Reliance Industries will report Jul-Sep earnings next week. Market sentiment will also depend on data on CPI and index of industrial production.

The National Stock Exchange's Nifty is seen consolidating between the levels of 8000 and 8300 points next week. The 50-share benchmark index ended at 8189.70 points, up 60.35 points or 0.7% and S&P BSE Sensex closed at 27079.51 points, up 233.70 points or 0.9%.

Stocks of information technology companies will be in focus next week as the earnings for the sector are kicked off by Infosys and Tata Consultancy Services, the two index and sector majors.

Investors will also closely track Bihar assembly elections, which will begin next week. Voting for 49 seats in the first phase of polls will happen on Monday.

Among sectors, housing finance companies and select banks are seen outperforming as the Reserve Bank of India has cut risk weight requirements on certain home loans. This is also seen positive for stocks for real estate companies in the affordable housing segment over the long term.

Stocks of State Bank of India, IDBI Bank, and Bank of Baroda are seen outperforming the sector. The Bank Nifty is seen taking support at 17,170 points and facing resistance at 17,800 points. The banking gauge has ended its volatile week with modest gains of 2.5%.

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INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK - 5.Oct.2015 to 9.Oct.2015

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Metal Stocks Outlook for the week – 05 to 09.Oct.2015 (Selling pressure to continue next week)

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Traders are likely to watch the movement in global equity market next week due to lack of significant triggers in domestic equities. With no major domestic event in near future, we believe global cues would largely dictate our market trend in coming days.

Markets will be closed on Friday for Gandhi Jayanti. Market participants expect a positive bias but gains are likely to be capped as traders will be on the sideline ahead of corporate earnings for Jul-Sep on Oct 9, a market participant said. IndusInd Bank's results will kick start the earnings season.

The National Stock Exchange's Nifty is seen facing stiff resistance at 8050 points, although 8000 points is a key psychological level. Due to selling at higher levels the index has failed to close over 8000 points over the last one month, despite rising above that level intraday in four sessions during the period.

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Indian Market & Sectorwise Stocks Outlook for the Week - 28.Sep.2015 to 1.Oct.2015

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Auto Stocks Outlook for the week – 28.09.2015 to 01.10.2015 May open up next week on RBI rate cut hope

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Sentiment is expected to be frail next week as foreign institutional investors will continue selling in emerging markets and this will cap any upside if the Reserve Bank of India was to cut rates on Tuesday. The RBI will detail its fourth bi-monthly monetary policy of 2015-16 (Apr-Mar) on Tuesday. The MSCI Emerging Market Index has slumped over 5% this week due to fears of a rate hike by the US Federal Reserve, and slows down in the global economy. India has also under-performed most other emerging markets in this month. In September so far, foreign investors have net sold $415.76 mln in the Indian equity market.

Most market participants expect the RBI to cut the policy repo rate by 25 basis points. Benign consumer price inflation readings, running below the central banks own indicative trajectory and broad-based disinflation have offered room for monetary easing. Expect the RBI to adopt a neutral to a mildly hawkish stance, as it may shift its focus to consumer price inflation target of 5% in January 2017. These factors are seen weighing on benchmark indices in the next week.

The National Stock Exchange's Nifty is expected trade between 7700-8000 points next week. Thursday, it ended at 7868.50 points, up 22.55 points or 0.3% and S&P BSE Sensex closed at 25863.50 points, up 40.51 points or 0.2%.

In the futures and options segment, rollovers to the October series indicate that market participants have transferred mostly short positions in Nifty, and rate-sensitive sectors such as banks, capital goods, infrastructure and metal. The sentiment in banks is also negative as RBI's draft guidelines to change the current base rate framework to ensure faster transmission of policy rate cuts is seen weighing on net interest margins. If the new base rate is implemented then banks' net interest margins are expected to witness a contraction of 13-70 basis points over the next two financial years.

Factoring in concerns revolving around asset quality, slower credit growth and margin compression on adoption of expected new base rate framework. A continuous decline in iron ore and copper prices have ensured that traders roll over a high amount of short positions in the October derivatives contracts of metal companies. On the bright side, information technology sector has witnessed a high rollover of long positions, as the rupee is expected to depreciate further against the dollar. The sentiment is also positive on media sector, which has been relatively insulated from global uncertainty and is also expected to post robust growth in revenue. This was evident from the high amount of long rollovers seen in Dish TV, Sun TV Network and Zee Entertainment.

Indian Market & Sectorwise Stocks Outlook for the Week - 21.Sep.2015 to 25.Sep.2015

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Capital Goods Stocks Outlook for the week – 21 to 25.09.2015 (Stocks will be driven by Newsflow)

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The Indian equity market is likely to be volatile next week ahead of the expiry of September futures and options on Thursday, while hopes of a rate cut by the RBI may spur gains in rate-sensitive stocks.

As the US Federal Reserve left key policy rates unchanged in its monetary policy meeting that ended Thursday, market participants expect strength of the dollar and US bond yields to be capped.

Meanwhile, market participants expect foreign institutional investors to stall capital flows to emerging markets such as India, owing to uncertainty over global economy and the timing of a rate hike by the Fed.

The National Stock Exchange's Nifty is seen trading between 7750 points and 8150 points in the coming next week. Yesterday, both benchmark indices ended up about 1%, with the Nifty closing up 82.75 points at 7981.90 and the S&P BSE Sensex ending up 254.94 points at 26218.91.

A spike in volumes and volatility in the last fifteen minutes of yesterday session indicated that traders unwound their long positions, and this reflects caution ahead of expiry of the September derivatives contract on Thursday. While some market participants expect rate-sensitive stocks to rise in the near-term, others are skeptical whether the rate cut would be passed on by banks.

Stocks of information technology companies and US-focussed pharmaceutical companies are likely to witness some profit booking as the dollar is seen continuing gaining strength against the rupee. Last trading day the rupee appreciated 1.1% to trade at 65.74 rupees against the dollar.

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24.Aug.2015 - 28.Aug.2015 - Weekly Indian Market & Sectorwise Stocks Outlook

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Metal Stocks Outlook for the week – 24 to 28.08.2015 Seen range bound with a positive bias

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Concerns over slowdown in the global economy will continue to weigh on market sentiment in the coming week, with benchmark indices likely to fall further. Amid the persisting weak sentiment, one stock that will be in the limelight on Monday is Indian Oil Corp, in which the government will divest 10% stake through an offer for sale on Monday. Yesterday, stocks of Indian Oil ended down 0.7% at 394.85 rupees. The uncertainty in the global markets seems to have offset the news of government considering giving relief to foreign institutional investors on the minimum alternate tax issue.

The news is unlikely to soothe market sentiment in a big way. It will provide initial support but if the macro overhang continues, not too much positive will come out of this. Moreover, expiry of the August futures contracts on Thursday will keep trade volatile during the week. We expect the August futures contract of the National Stock Exchange's Nifty to expire around 8300 points. The likely weakness in the rupee will also weigh.

Yesterday, the rupee ended at 65.8250 per dollar, its lowest closing since Sep 5, 2013. Worries that a slowdown in the Chinese economy will translate into slower global growth saw the Nifty and the S&P BSE Sensex falling 2.6% and 2.5%, respectively, this week.

The benchmark indices have effectively erased all the gains made this year. Besides global concerns, persisting worries over lack of progress on key legislations and pick-up in earnings growth, and uncertainty over the US Federal Reserve's rate hike move have led to the gradual weakening in domestic equities. Year to date, Nifty is up 0.2% and Sensex is down 0.5%.

Yesterday, Nifty and Sensex ended at a two-month low. Nifty closed at 8299.95, down 72.80 points or 0.9% and Sensex ended at 27366.07, down 241.75 points or 0.9%. Banks and Metal stocks are likely to extend losses and a stock-specific approach next week.
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SHAREWAY SECURITIES LIMITED: SME - IPO HIGHLIGHTS

SHAREWAY SECURITIES LIMITED: SME - IPO HIGHLIGHTS


SHAREWAY SECURITIES LIMITED
SME-IPO HIGHLIGHTS

Issue opens on: 24.Mar.2015 Issue closes on: 31.Mar.2015

Company Profile:

Shareway Securities Limited, an emerging Financial Services Company, was incorporated in the year 2008 with an intention to become a market leader in offering broking services on Equity, F&O and Currency derivatives segment. The company through its resourceful business setup initially focused on pro-trading and on managing the Group Company's investments, on successful fund management strategies the company synergized its efforts on business expansion and started focusing on providing customized services to the high-net worth investors and to the premium corporate clients. On achieving a prominent status in the industry the company extended its business operations in offering a valued retail broking services with superior trading platform and thus it holds a huge customer base that are loyal and delightful on their associateship with Shareway.

Shareway is a part of a business group in manufacturing, financial services, equipment manufacturing, etc., and has been in business since 1974. The Company is managed by the Chairman cum Managing Director, Mr. Murali Kabirdass and the Executive Director Mr. Krishnamoorthy who is veteran in the financial markets and have steered the growth of the Company. The business philosophy of Shareway is always customer oriented and the services are offered under total confidentiality and integrity with the sole purpose of maximizing returns to clients.

Credentials of Shareway!

• Experienced Research team
• Superior trading platform
• Huge customer base
• Equipped infra-structure
• Updated systems networking

Objects of the Issue:


Particulars
Amount (Rs. Lacs)
1
Obtaining Membership of BSE Limited
100.00
2
Expanding our domestic operations and network of branches
100.00
3
Enhancement of margin money maintained with the exchanges
200.00
4
General corporate purposes
49.80
5
Public Issue Expenses
50.00
Total
499.80

Financial Performance of Shareway:



Particulars


30.09.14


31.03.14


31.03.13


31.03.12


31.03.11


31.03.10


Income


Income from Operations


18.06


53.9


10.69


16.9


20.44


26.2


Other Income


0.34


10.03


11.89


2.3


9.9


2.12


Total Income


18.4


63.93


22.58


19.2


30.34


28.32


Expenditure


Cost of Goods Sold


0


0


0


0


0


0


Employee Benefit & Admin Expenses


5.72


10.43


2.51


51.59


27.05


31.64


Other Expenses


9.85


41.74


11.23


27.37


39.69


53.92


Total (B)


15.57


52.17


13.74


78.96


66.74


85.56


Profit Before Interest, Depreciation and Tax


2.83


11.76


8.84


-59.76


-36.4


-57.24


Depreciation


2.34


4.02


3.92


5.45


6.64


8.48


Profit Before Interest and Tax


0.49


7.74


4.92


-65.21


-43.04


-65.72


Financial Charges


0


0


0


0


0


0.02


Profit before Taxation


0.49


7.74


4.92


-65.21


-43.04


-65.7


Provision for Taxation


0


0


0


0


0


0


Provision for Deferred Tax


0.7


0.51


0.61


0.78


0.92


1.32


Total


0.7


0.51


0.61


0.78


0.92


1.32


Profit After Tax


0.21


8.25


4.31


-65.99


-43.95


-67.03


Net Worth


190


254


431


118


116


158


EPS (Rs.)


0


0.2


0.12


-3.59


-2.4


-3.66


Prospects of the Issue:




Equity Shares Offered:

Fresh Issue of Equity Shares by our Company



Issue of 35,70,000 Equity Shares of Rs. 10 each at a price of Rs. 14 per Equity Share aggregating Rs.499.80 Lacs.


Of Which





Issue Reserved for the Market Makers



1,90,000 Equity Shares of Rs. 10/- each at a price of Rs. 14 per Equity Share aggregating Rs. 26.60 Lacs.



Net Issue to the Public



33,80,000 Equity Shares of Rs. 10 each at a price of Rs. 14 per Equity Share aggregating Rs. 473.20 Lacs.



Equity Shares outstanding prior to the Issue



60,00,000 Equity Shares of face value of Rs. 10 each.



Equity Shares outstanding after the Issue



95,70,000 Equity Shares of face value of Rs. 10 each.


Schedule for Issue Programme:



Issue opens on:


24.Mar.2015


Issue closes on:


31.Mar.2015