All You Need To Know Going Into Monday’s Trade

Indian stocks may open little changed on Monday, due to a lack of directional cues and with investors shifting their focus to corporate earnings for the April-June quarter. Companies will begin reporting numbers later this week.

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

Global Market Cues

• U.S. stocks end Friday with gains backed by strong employment data.
• The U.S. economy added 2,22,000 jobs in June, Labour Department says.
• Dow Jones ends 0.44 percent higher on Friday at 21,414, led by consumer and I.T. stocks.
• S&P 500 and Nasdaq gain 0.64 and 1.04 percent respectively.
• Muted end to European markets with FTSE up 0.19 percent, DAX up 0.06 percent and CAC down 0.14 percent

Asian Cues

• Asian markets trade mixed; Hang Seng is trading with mild losses
• SGX Nifty indicates flat to negative start for Indian markets

Commodity Cues

• Brent crude drops 2.9 percent on Friday to end at $46.71 per barrel.
• West Texas Intermediate crude drops 2.8 percent to end at $44.23 per barrel on Friday.
• Crude trades higher by 0.8 percent on Monday early morning.

Indian ADRs

• Dr. Reddy's Laboratories ADR ends 1.54 percent higher.
• Tata Motors ADR ends 1.06 percent higher.
• HDFC Bank ADR ends 0.85 percent higher.
• Infosys ADR ends 0.67 percent higher.
• ICICI Bank ADR ends 0.22 percent lower.
• Wipro ADR ends lower by 0.39 percent.
• Vedanta ADR ends 1 percent lower

Also Read: SEBI Restricts Use Of P-Note Derivatives

Top Performers This Month

• Unitech: Up 31.1 percent
• HFCL: Up 28.6 percent
• Shilpi Cables: Up 27.3 percent
• Videocon: Up 27.3 percent
• Shree Renuka Sugar: Up 24.7 percent

Worst Performers This Month

• Religare Enterprises: Down 16.2 percent
• JMT Auto: Down 15.5 percent
• Tata Communications: Down 7.5 percent
• Snowman Logistics: Down 5.4 percent
• GVK Power and Infrastructure: Down 5.2 percent

Stocks To Watch

• Shriram Transport Finance, Shriram City Union, IDFC, IDFC Bank and Piramal Enterprises in focus on merger announcement
• Bharat Financial Inclusion in focus after BloombergQuint reports that Aditya Birla Capital is in the fray for acquiring the company
• Fortis Healthcare in focus after RBI hikes foreign institutional investment limit to 74 percent.
• Sun Pharma enters into settlement with certain plaintiffs in re Modafinil Antitrust Litigation
• Biocon's three key products fail French health authority inspection
• Fitch Ratings is also looking to buy into CARE Ratings Ltd., according to the Economic Times

Also Read: Stocks To Watch: Biocon, Fortis Healthcare, IDFC Bank, Sun Pharma

Brokerage Radar

• Fortis Healthcare Ltd.: ICICI Securities upgrades to 'buy' from 'add', target price cut to Rs 198 from Rs 208
• NTPC Ltd.: CLSA upgrades to 'buy' from 'outperform', target price hiked to Rs 186 from Rs 176

IPO Watch

• AU Small Finance Bank to list on the exchanges. Base price for the company is at Rs 358 per share
• The company's IPO was subscribed 53.6 times with the portion for High Networth Individuals subscribed 143.5 times.

Bulk Deals

• Manish Lakhi buys 1.7 crore shares of Unitech at Rs 7.22. He had purchased 1.5 crore shares on Thursday.
• Reliance Corporate sells 4.06 lakh shares of Saregama

Futures and Options Cues

• Nifty futures correct after gaining for four days but manage to stay above the 9,650 level
• Both Nifty and Bank Nifty see low open interest buildup
• Nifty seeing very strong support between levels of 9,400-9,600
• 9,500 put has open interest concentration of 63.2 lakh shares
• 9,600 put has open interets concentration of 57 lakh shares
• Call writing between 9,700-10,000 levels indicates minor resistance
• There seems to be limited downside to the Nifty with trade likely to remain rangebound

Futures & Options Ban

• HDIL, Indiabulls Real Estate, Jaiprakash Associates, JSW Energy and Ujjivan Financial Services remain in F&P Ban
• No new additions or deletions to the list
• No fresh positions can be taken in stocks under F&O ban

Put-Call Ratio

• Nifty PCR moves to 1.29 from 1.30
• Nifty Bank PCR moves to 1.37 from 1.36
• A higher Put-Call Ratio indicates a bullish trend

Stocks Seeing High Open Interest Change

• Reliance Industries: Open interest addition of 12 percent on the long side
• Ambuja Cement: Open interest addition of 14 percent on the short side
• TVS Motor: Open interest addition of 13 percent on the long side
• Colgate Palmolive: Open interest addition of 11 percent on the short side
• Lupin: Open interest shedding of 6 percent as short covering seen

Index Play

• Benchmarks Nifty and Sensex gained 1.3 percent each last week
• Nifty Realty was the best performing index with gains of 4.8 percent
• Nifty I.T. was the only index with negative returns during the week
• Nifty PSU Bank index outperforms Nifty Bank with gains of 2.6 percent while Nifty Bank gained 0.9 percent
• Nifty Pharma, Nifty Midcap 50, Nifty Metal, Nifty Realty gain for 4 sessions out of 5 last week

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