All You Need To Know Going Into Trade On August 1

Asian equities kicked off August on a high note as the continued advance in commodities lifted shares of raw-material producers. The Singapore traded SGX Nifty, an early indicator of NSE Nifty 50 index's performance in India, fell 0.13 percent to 10,092 as of 6:30 a.m.

Here's a quick look at all that could influence equities on Tuesday.

Global Cues

• The S&P 500 Index swung between gains and losses on light volume, but the gauge still posted its fourth straight monthly gain.
• The Dow Jones Industrial Average eked out a fresh record high.

#BQMarketsNow | U.S. stocks end with monthly gains; dollar drops for fifth straight month.https://t.co/DvYjpatWhU pic.twitter.com/tViJIvoqVG

August 1, 2017

• European shares retreated for July.

Asian Cues

• Japan's Topix index added 0.4 percent. Australia's S&P/ASX 200 Index was up 0.2 percent. South Korea's Kospi index added 0.1 percent. Hang Seng Index futures were 0.1 percent lower.
• SGX Nifty indicates a muted start to trade for Indian equities (down 0.13 percent)

Commodity Cues

• West Texas Intermediate crude was flat at $50.17 a barrel, following six days of gains. Brent down 0.1 percent to $52.66 a barrel.
• Crude supplies forecast to fall 3.3 million barrels last week
• U.S. imports from OPEC slid 2.6 percent in May from April
• Copper capped its biggest monthly advance since January as demand held up in China and labor disputes and declining ore grades crimped supply.

Indian ADRs

• ICICI Bank: Up 0.43 percent
• Infosys: Up 0.57 percent
• Tata Motors: Down 0.46 percent
• Wipro: Up 0.82 percent
• Vedanta: Up 1.21 percent
• HDFC Bank: Down 0.06 percent
• Dr Reddy's Labs: Down -0.54 percent

Nifty Results Today

• Power Grid Corporation

Other Results Today

• JSW Steel
• GTPL Hathway
• Marico
• Piramal Enterprises
• Shriram City Union Finance
• Torrent Power
• Century Plyboards
• DCM Shriram
• Den Networks
• EIH
• Filatex
• Opto Circuits
• Orient Paper
• PC Jeweller
• Reliance Defence
• Taj GVK
• Tata Investment
• TCI Developers
• TCI Express
• TCI Industries
• Westlife Development

Results Announced

InterGlobe Aviation (Q1FY18, YoY)

• Revenue up 25.6 percent at Rs 5753 crore
• EBITDAR up 27.7 percent at Rs 1951 crore
• EBITDAR margin expanded to 33.91 percent from 33.37 percent
• PAT up 37 percent at Rs 811 crore

Tech Mahindra (Q1FY18, QoQ)

• Revenue down 2.1 percent to Rs 7336 crore
• EBITDA up 4.1 percent to Rs 935 crore
• EBITDA margin expanded to 12.7 percent from 12 percent
• PAT up 36 percent to Rs 799 crore

Bharat Electronics (Q1FY18, YoY)

• Revenue up 94 percent to Rs 1803.1 crore
• EBITDA at 163.3 crore
• EBITDA margin expanded to 9.5 percent from - 4.4 percent
• PAT up 247 percent at Rs 125.3 crore

Music Broadcast (Q1FY18, YoY)

• Revenue up 12 percent at Rs 70.3 crore
• EBITDA up 16.2 percent at Rs 22.2 crore
• EBITDA margin expanded to 31.6 percent from 30.4 percent
• PAT up 42 percent to Rs 10.8 crore

Jaiprakash Power Ventures (Q1FY18, YoY)

• Revenue up 32 percent to Rs 996 crore
• EBITDA up 15 percent to Rs 351 crore
• EBITDA margin narrowed to 35.3 percent from 40.6 percent
• Net loss of Rs 19 crore versus net loss of Rs 196 crore

Stocks To Watch

• Indian auto companies to report monthly sales number starting today
• Hexaware raises 2017 revenue guidance to 14-15 percent
• Biocon: U.S. FDA issues Form 483 observations after an inspection of its Bengaluru plant. Pharma major also in focus after Amgen and Teva filed the application for Herceptin
• Glenmark reports Positive Data in a Phase 2a Study of GBR 830
• Vascon Engineers receives Rs 80.4 crore work order
• Sobha board to consider buyback of Rs 62 crore on August 4
• TV Today Network CEO Ashish Kumar Bagga resigns

Bulk Deals

• Religare Enterprises: Dilipkumar Lakhi bought 28.8 lakh shares (1.6 percent) at Rs 97 each. He had bought 10.32 lakh shares (0.6 percent) in the company on July 27 as well
• Shakti Pumps: Old Bridge Capital Mgmt (Kenneth Andrade) buys 1.48 lakh shares (0.8 percent) at Rs 476.02 each
• CDSL: Abu Dhabi Investment Authority sold 8.10 lakh shares at Rs 345.29 each

Initial Public Offers

• Cohin Shipyard IPO opens today and ends on August 3, price band fixed at Rs 424-432 per share
• Second day of SIS' IPO. The issue was subscribed 0.38 times by end of first day

Index Play

Top Performers On NSE 500 In July

• Himachal Futurist Communications: Up 52.5%
• GVK Power & Infrastructure: Up 49.4%
• Unitech: Up 46.2%
• Shree Renuka Sugars: Up 44.6%
• Sterlite Tech: Up 44.3%

Worst Performers On NSE 500 In July

• Religare Enterprises: Down 41%
• Nitin Fire: Down 29.6%
• JMT Auto: Down 26.7%
• JBF Industries: Down 24.5%
• BASF India: Down 17%

F&O Cues

• Nifty futures premium shrinks to 27 points from 28 earlier
• Long build up seen on both Nifty and Nifty Bank as open interest addition seen
• Nifty support moves to 10,000 from 9800, resistance at 10,500
• Maximum open interest on put side shifts to 10,000 levels from 9,800 at 43.5 lakh shares
• Maximum open interest on call side currently at 10,500 levels; open interest at 33.1 lakh shares
• Put writing seen at 9,900 and 10,000 levels
• Call unwinding seen at 10,100 and 10,200 levels

F&O Ban

• In Ban: Indiabulls Real Estate, Infibeam, JSW Energy
• New in ban: Infibeam
• No fresh positions can be taken stocks under F&O ban

Put-Call Ratio

• Nifty PCR moves to 1.28 from 1.22
• Nifty Bank PCR rises to 1.10 from 1.07
• A higher PCR indicates a bullish trend

Stocks Seeing High Open Interest Change

• Power Grid sees open interest addition of 25% on long side
• Shriram Transport sees open interest addition of 14% on long side
• SBI sees open interest addition of 7% on long side
• LIC Housing sees open interest addition of 37% on short side
• Dr Reddy's sees open interest addition of 17% on short side
• Lupin sees open interest addition of 16% on the short side

Fund Flows

• FIIs net sold Rs 1,197 crore in the cash market on Monday, according to provisional data on NSE
• DIIs net bought Rs 1,768 crore in the cash market
• FIIs net bought Rs 1,397 crore in the F&O segment
• FIIs net sold Rs 11 crore in the cash market on Friday, according to NSDL data
• FIIs net bought Rs 4,787 crore so far this month
• DIIs net bought Rs 2,508 crore so far this month

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