TECHNICAL AND FUNDAMENTAL TECHNIQUES

Key inflationary trends, combined with the ongoing quarterly result season, are expected to determine the movement of equity indices next week. The sharp deceleration in the rate of India's industrial output growth is also expected have an impact on investors' sentiments. Additionally, global cues such as concerns over the rise in crude oil prices and trade talks between the US and China, along with the direction of foreign fund flows, will affect the risk-taking appetite of investors. "Going forward, the market will closely watch guidance and management commentary of the companies coming out with their earnings," SMC Investments & Advisors CMD D.K. Aggarwal told IANS.  "Besides, third quarter results, macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate the trend of the market going for...

Mumbai - The key Indian equity indices opened in the negative territory on Monday with the S&P BSE Sensex losing over 170 points. All the sectoral indices on the BSE traded in the red except the IT and Teck stocks. Weakness in the Asian markets dampened the domestic investor sentiments on Monday, analysts said. At 9.34 a.m., the Sensex traded at 35,838.57, lower by 171.27 points 0.48 per cent from the previous close of 36,009.84 points. It had opened 36,113.27 and so far it touched an intra-day high of 36,124.94 and a low of 35,806.28 points. The Nifty50 on the National Stock Exchange traded at 10,736.75 points, lower by 58.20 points or 0.54 per cent from the previous close. LEARN AND EARN STRATEGY >>>> GOLD SILVER TIPS

GNA Axles | Sun Pharma Advanced Research | KNR Constructions | Shree Rama Newsprint and Cadila Healthcare are stocks which are in the news today. Indiabulls Ventures, ICICI Securities, Supreme Infrastructure India, Tata Metaliks, Prakash Industries Infosys  Q3: Profit down 12.2 percent to Rs 3,609 crore versus Rs 4,110 crore; revenue up 3.1 percent at Rs 21,400 crore versus Rs 20,609 crore; $ revenue up 2.2 percent at $2,987 million versus $2,921 million and constant currency revenue growth at 2.7 percent QoQ. Company raises FY19 constant currency revenue growth guidance to 8.5-9 percent from 6-8 percent and maintains EBIT margin guidance at 22-24 percent. Infosys : The board approves a special dividend of Rs 4 per share and buyback up to Rs 8,260 crore at maximum Rs 800 per share. Cadila Healthcare : Zydus received final approvals from the USFDA for Betamethasone Dipropionate Cream and Amlodipine & Atorvastatin tablets. Jammu & Kashmir Bank ...

Net interest income increased 13 percent year-on-year to Rs 881.63 crore in quarter ended December 2018. Shares of Jammu and Kashmir Bank (J&K Bank) gained 6.6 percent intraday Monday on the back of strong numbers declared by the company for the quarter ended December 2018 (Q3FY19). The bank has reported a 43 percent year-on-year increase in December quarter profit at Rs 103.75 crore, driven by other income and operating income. Profit in same quarter last year stood at Rs 72.47 crore. Net interest income increased 13 percent year-on-year to Rs 881.63 crore in quarter ended December 2018. Asset quality weakened as gross non-performing assets were higher at 9.94 percent as of  December 2018 against 9 percent as of September 2018. Net NPA were also higher at 4.69 percent against 3.91 percent, QoQ. Other income (non-interest income) grew by 52 percent year-on-year to Rs 163.5 crore and operating profit jumped 11 percent to Rs 425 cror...

The IT major reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter. Analysts remain largely mixed on Infosys’ Q3 performance, especially highlighting the pressure on margins. Upbeat about better revenue and revenue guidance, some brokerages such as CLSA have raised target price. The IT major reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter. The revenue was at Rs 21,400 crore, up around 4 percent over the previous quarter's Rs 20,609 crore. The earnings before interest and taxes (EBIT) was at Rs 4,830 crore, while the EBIT margin was 22.6 percent. The company has maintained FY19 EBIT margin guidance at 22-24 percent. The dollar revenue grew 2 percent quarter-on-quarter to $2,987 million. The constant currency revenue growth was 2.7 percent. Interestingly, the company raised its FY19 constant currency guidance ...

Brokerage house Citi has maintained sell rating on the stock and cut target to Rs 1,785 per share. Share price of Tata Consultancy Services (TCS) was down 1.7 percent in the early trade on Friday on the back of Q3 numbers announced by the company on January 10. The company has reported a 2.6 percent sequential growth in December quarter profit at Rs 8,105 crore, with constant currency revenue growth of 1.8 percent QoQ meeting analyst expectations on Thursday. The bottomline growth was driven by other income (up 59 percent QoQ), but limited due to weak operational performance. The company had reported a profit at Rs 7,901 crore in quarter ended September 2018. Revenue during the quarter grew by 1.3 percent quarter-on-quarter to Rs 37,338 crore in October-December quarter, the country's largest IT services exporter said in its filing. The year-on-year growth in profit was 24.1 percent, and revenue in constant currency terms increased by 12.1 percent ...

We expect modest return from the stock in the medium term and recommend accumulation only on correction. Tata Consultancy Services  (TCS) delivered in-line performance in Q3FY19. Expect modest  returns going forward as global macro concerns, supply constraints in delivery and heady valuation partially masks the strong demand environment. Key Positives Double-digit growth (12.1 percent YoY) in Constant Currency. Digital continues to impress with a share of 30.1 percent and reporting strong YoY growth of 52.7 percent. Growth is seen across geographies led by UK, Continental Europe and Asia Pacific. The key market of North America, with a share of over 51 percent, has also shown a good 8.2 percent growth YoY. Traction in key verticals with BFSI growth improving to 8.6 percent from 6.1 percent in the September quarter is aided by the North American market and insurance vertical. Life sciences, energy and utilities and ...

Larsen & Toubro (L&T) awarded a contract worth Rs 147.73 crore for supply of optical fibre cables to be executed by May 2019. Shares of Himachal Futuristic Communication (HFCL) gained 5.8 percent intraday Friday after company won orders worth Rs 502 crore. The company has received the purchase orders worth Rs 502.73 crore approximately from Larsen & Toubro and a consortium led by ITI for creating OFC Network Infrastructure under BharatNet Phase-II project in Andhra Pradesh and Maharashtra respectively. Larsen & Toubro (L&T) awarded a contract worth Rs 147.73 crore for supply of optical fibre cables to be executed by May 2019. Company bagged another order worth Rs 355 crore from Aksentt Tech Services (ITI led  consortium) which is to be executed by October 2019. At 09:28 hrs Himachal Futuristic Communication was quoting at Rs 24.10, up Rs 0.95, or 4.10 percent on the BSE. GET ONE DAY FREE TRIAL>>> GOLD SILVER TI...

SINGAPORE (Reuters) - Oil slipped on Friday amid concerns over the outlook for the global economy, but output cuts agreed by major exporters underpinned crude prices and kept markets on track for a strong weekly climb. International Brent crude futures ( LCOc1 ) were at $61.55 per barrel at 0333 GMT, down 13 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures ( CLc1 ) dropped 7 cents, or 0.1 percent, to $52.52 per barrel. Traders said the declines came on lingering concerns over the health of the global economy. "If we experience an economic slowdown, crude will underperform due to its correlation to growth," said Hue Frame, portfolio manager at Frame Funds in Sydney. Most analysts have downgraded their global economic growth forecasts below 3 percent for 2019, with some even fearing a looming recession amid trade disputes and spiraling debt. For now, however, there is hope that the trade war between Washington and ...

US West Texas Intermediate (WTI) crude futures had slipped 23 cents, or 0.4 percent, from their last settlement to $52.36 per barrel by 0016 GMT. US oil prices edged down on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-US trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets. Oil prices were also supported by comments from US Federal Reserve Chairman Jerome Powell on Thursday that the central bank had the ability to be patient on monetary policy. US West Texas Intermediate (WTI) crude futures had slipped 23 cents, or 0.4 percent, from their last settlement to $52.36 per barrel by 0016 GMT. However, US crude was on track for a second consecutive week of gains and its largest weekly percentage increase in more than two years. WTI has climbed about 9 percent so far this week, its biggest weekly rise since December, 2016. International Brent crude futures had ...

Crude oil prices roar back after earlier paring gains as government data showed  U.S. crude   stocks fell less than expected last week, with the WTI benchmark topping $50/bbl for the first time since mid-December on continued optimism over U.S.-China trade talks and Saudi production cuts; WTI +4.9% to $52.23/bbl,   Brent +4.3% to $61.26/bbl. "Oil has yet to have a losing session in 2019, and the near-term path of least resistance is still higher based on momentum and near-term technicals," according to the Sevens Report. "However, the longer-term outlook is still unclear as production/export cuts won't be enough to curb another bout of broad market volatility." But PVM Oil analyst Stephen Brennock warns against excessive optimism, saying "buyers have placed all their betting chips on the U.S. and China resolving their trade spat" and noting that a failure to secure a meaningful breakthrough would spark a turnaround in sentiment. ...

Just as the Federal Reserve is thought to use policy to protect equity markets, Saudi Arabia tries to manage crude oil prices by manipulating its production levels writes Phil Flynn of The PRICE Futures Group. You have heard about the so-called Fed put. That is a term that means the Federal Reserve has the markets back. If the markets or economy start to falter, the Fed’s plunge protection team will get into gear and adjust monetary policy to create a floor for the market. That in turn gives investors confidence to take on more risk because, even if the market gets weak, the Fed won’t allow it to crash. With the recent rebound in crude oil, traders are now talking about the Saudi put. That is that Saudi Arabia will not allow oil prices to fall and if it does, they will cut production accordingly. In fact, the Saudi announcement that they want $80 a barrel for crude, and that they will reduce their exports by 800,000 barrels-per-day is sending a signal to the market that the w...

Both energy industry companies had a rough 2018, but the pipeline giant looks better positioned to outperform from here. Look out! The dividend yield of natural gas pipeline operator  Kinder Morgan  (NYSE:KMI)  seems about to overtake that of oil major  ExxonMobil  (NYSE:XOM) ! Currently, Kinder is yielding 4.6% while Exxon is yielding just 4.7%.  Beyond their dividend yields and their industry, though, the two companies don't share many similarities. But that's why Kinder Morgan may be a more attractive buy right now than ExxonMobil. Here's why you might want to consider the niche player despite Exxon's larger size and scope. Ups and downs One of ExxonMobil's biggest issues in recent years has been its declining oil and gas production. Although the final numbers aren't in for 2018, it looks as though the company is poised to post its third straight year of decreasing annual production (although it did manage to notch a sequential quarterly p...