All You Need To Know Going Into Trade On Feb. 19

Japanese shares rose Monday helped by a weaker yen and after U.S. equities capped their best week in five years.

Asian equities are building on their best week since September 2016, with stocks in South Korea also gaining, even as markets in Hong Kong and China are closed for the Lunar New Year holiday and in the U.S. for Presidents' Day.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India, rose 0.2 percent to 10,466 as of 7:01 a.m.

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DayBreak

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

Global Cues

• U.S. stocks held onto gains to cap their best week in five years while Treasuries climbed and the dollar broke a five-day losing streak.
• The S&P 500 was slightly higher at the close after a late-day slump as investors assessed the implications of new indictments related to Russian meddling in the 2016 presidential election.
• The recovery in American equities has come quickly after the first correction in U.S. stocks in two years, and the S&P 500 is now down less than 5 percent from an all-time high reached Jan. 26.
• The Russia news distracted traders otherwise focused on the outlook for the credit markets and interest rates as economic growth accelerates and fans inflation.

Europe Check

• European stocks advanced in a broad rally led by real estate companies as the euro fell for the first time in six days.

Asian Cues

• The Topix index jumped 1.7 percent and the Nikkei 225 Stock Average rose 1.4 percent.
• Australia's S&P/ASX 200 added 0.5 percent and the Kospi index climbed 1 percent.
• Futures on the S&P 500 rose 0.2 percent.
• The MSCI Asia Pacific Index was up 0.7 percent.

Here are some of the key events scheduled for this week:

• The Federal Reserve Wednesday will release minutes of its Jan. 30-31 meeting, Janet Yellen's last as chair, where officials kept the rate unchanged.
• Bank of England Governor Mark Carney addresses the Parliament's Treasury Committee on the Feb. 8 policy decision and forecasts. A slew of U.K. economic data is due including fourth-quarter GDP and employment figures.
• Fed policy makers speaking this week include New York Fed President William Dudley and Atlanta Fed President Raphael Bostic. Cleveland Fed President Loretta Mester is among speakers at the U.S. Monetary Policy Forum in New York City.
• Japan updates on CPI on Friday.
• Companies announcing earnings this week include: Walmart, Home Depot, HSBC, BHP Billiton, Glencore, Barclays.

Japanese stocks gain on yen weakness; oil advances.https://t.co/mnuPs4jdFv pic.twitter.com/Oth62I5DLA

Commodity Cues

• West Texas Intermediate crude rose 0.2 percent to $61.81 a barrel. It posted its first weekly increase since last month.
• Brent crude closed higher at 0.8 percent for the second day at $65.34 per barrel.
• Gold added 0.2 percent to $1,349.21 an ounce.

China says it may hit back if U.S. imposes tariffs on steel.https://t.co/OCCG6zub7I pic.twitter.com/I3OYfJCYQh

Indian ADRs

Stocks To Watch

• Religare Enterprises to raise up to Rs 1,200 crore via combination of equity and debt.
• Tata Steel emerges as the top bidder for Bhushan Steel.
• Punjab National Bank looking to monetise real estate assets including office space in Delhi worth over Rs 5,000 crore.
• Infosys to divest entire stake in Onmobile Systems for $2.5 million.
• Moser Baer examining restarting of operatins at Noida plant.
• Reliance unit to acquire 65 percent stake in Indian Film Combine for Rs 1,105 crore.
• Manipal Tech withdraws bankruptcy plea against Reliance Communications.
• SBI to raise Rs 8,800 crore via preferential issue to government.
• BPCL clarifies didn't have any talks regarding Nagarjuna Oil refinery.
• PG Electroplast says PU paint shop goes into commercial production.
• PowerGrid emerges as lowest bidder for Rs 1,000 crore transmission project (PTI).
• DGCA: Indigo January market share at 39.7 percent versus 39.4 percent (MoM) ,Jet at 16.6 percent versus 16.9 percent (MoM), Spice Jet at 12.6 percent versus 12.7 percent (MoM).
• ARSS Infra wins two work orders worth Rs 121 crore.
• India withdraws Unitech management-takeover case from NCLT.
• PVR says ‘amicably resolved' dispute with Elan group over development of multiplexes in Gurugram.
• U.S. FDA completes inspection of Natco Pharma's Mekaguda API unit with zero observation.
• Government plans to sell Pawan Hans stake grounded for now (Business Standard).
• IndusInd Bank raises marginal cost-based lending rates by 15 basis points (Cogencis).

UCO Bank reveals exposure in #PNBFraud case.https://t.co/RTp8FOyCqx pic.twitter.com/cMPBCilk6M

Bulk Deals

• MT Educare: India Max Investment Fund sold 3.50 lakh shares or 0.9 percent equity at Rs 69.86 each.

Fortis Healthcare

• UBS Principal Capital Asia bought 38.18 lakh shares or 0.7 percent equity at Rs 134.91 each.
• ECL Finance sold 1.33 crore shares or 2.6 percent equity at an average of Rs 133.13 each.
• IDBI Trusteeship sold 77.78 lakh shares or 1.5 percent equity at Rs 134.9 each.

Sintercom India

• KIFS International LLP bought 3.88 lakh shares at Rs 76.85 each.
• IA Diversified Fund sold 2.20 lakh shares at Rs 76.36 each.

Tata Steel may bag both Bhushan companies.https://t.co/VC2joO0dXl pic.twitter.com/LCQjqUf79a

Insider Trades

• Xpro India promoter buys 15,000 shares on Feb. 14 - 15.

Rupee

• Rupee ends at 64.22/$ on Friday versus 63.91/$ on Thursday.

Top Gainers And Losers

Index Trends

Futures And Options Cues

• Nifty February futures closed trade at 10,453 premium of 1.3 points versus 5.7 points.
• February series-Nifty open interest unchanged, Bank Nifty open interest up 5 percent
• India VIX ended at 16.3, up 0.3 percent.
• Max open interest for February series at 10,600 call strike, open interest at 52.3 lakh, open interest up 47 percent.
• Max open interest for February series at 10,500 Put, open interest at 55.6 lakh, down 13 percent.

F&O Ban

• In Ban: Balrampur Chini, Dish Tv, Fortis Healthcare, GMR Infra, HDIL, Jain Irrigation, JP Associates, Oriental Bank.
• New In Ban: Fortis Healthcare.
• Out Of Ban: None.

Alert: Only intraday positions can be taken in stocks which are in F&O ban. There is a penalty in case of a rollover of these intraday positions.

What India's top three mutual funds bought and sold in January, reports @jayeshkhilnani.https://t.co/LsMku80v9E pic.twitter.com/9Deq4THKvL

Put-Call Ratio

• Nifty PCR at 1.07 versus 1.13.
• Nifty Bank PCR at 1.01 versus 0.99.

Stocks Seeing High Open Interest Change

Fund Flows

Brokerage Radar

Nomura on Glenmark Pharmaceuticals

• Maintained ‘Buy'; cut price target to Rs 825 from Rs 880.
• Disappointed by delay in approval of key ANDAs and out-licensing deal.
• Currently opportunities remain intact, but carries the risk of competition.
• Cut earnings estimate by 4.3 percent, 17 percent and 23.2 percent for the current and the ext two financial years respectively.
• Early approval would represent upside to earnings estimates.
• Current valuation supported by strong domestic formulation business.

Motilal Oswal on MCX

• Maintained ‘Buy' with price target of Rs 1,100; implying a potential upside of 48 percent from the last regular trade.
• Encouraging pick-up in 2018 so far.
• Not much to worry about on unified licenses.
• Regulatory action striding well.
• Stable financial expectations.
• Bullion volumes remain low over during the first three quarters of the current fiscal.

India's second-largest firm may disappoint investors this year.https://t.co/3MzVpSOxof pic.twitter.com/MSKzOf7HAx

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