In the recent week, the major Indian stock indices have recorded their all time highs. BSE SENSEX close at 32020.75, up by 660.12 points or 2.1%, while the NSE nifty closed at 9886.35, up 220.55 points or 2.23% for the week. Among the nifty constituents , cement , pharm, auto telecom ,IT, FMCG & banking ate the major gainers in the index. Further more ,midcap & small cap has also followed the same positive trend an close at 15187.41 and 15908.8 , other side the Bank Nifty  flip up by  2.04%.

More Over, during this week FII s shown to build a new position in Indian market by net buying quantity of 1260.07 cr, on other side domestic investor (DII) has infused of net 1042.6 cr. On domestic macro economy front, IIP for May 2017 recorded growth in production by 1.7% (YOY) vs estimate of 1.5% lead by the manufacture & electricity sector, on other side CPI for the June month recorded at 1.54% ,which is less than the expected measured of 1.70%.

From this level, we further expects the major market move will be happen in consideration of the RBI’s Monetary Policy which will be held on 2nd August, 2017. The move will be the major game changer to anticipate the market movement further. Considering the recent macro economic data CPI inflation and WPI inflation has recorded their lows, which further increased the chance of interest rate cut.

 

 

 

 

 

 

 

 

 

 

Latest Spot Price

­ Precious Metal’s Current Price % change 3 Month 6 Month 1 YEAR-
     
GOLD 1227.5 1.24 -4.7 2.6 -7.5
SILVER 15.93 3.3 -13.9 -5.0 -21.0
PLATINIUM 921.28 1.6 -5.3 -6.5 -15.6
 USD/INR 64.44 -0.23 0.05 -5.4 -3.9
CRUDE OIL 46.71 4.9 -12.3 -11.6 -3.9

Commodities Brent crude (Ndtv Profit )

 Global Weekly Events

Date Region Event Description Forecast Previous
Reading Reading
July,17 ,2017 CNY GDP (YOY) Q2 6.8% 6.9%
July,17 ,2017 EUR CPI (YOY) (JUN) 1.3% 1.3%
July,18 ,2017 GBP CPI (MOM)(JUN) 2.9% 2.9%
July,19 ,2017  INR M3 MONEY SUPPLY 7.4%
July,19 ,2017 USD CRUDE OIL INVENTORIES -7.56M
July,20 ,2017 USD PHILADELPHIA FED MANUFACTURE INDEX (JUL) 23.7 27.6
July,21 ,2017 INR BANK LOAN GROWTH 6.0%
July,21 ,2017 INR DEPOSIT GROWTH 11.1%

Source: Investing.com

 Domestic Economy Indicators

Heading Indicators Current Rate Pre Rate
% %
 RBI Policy Rate   Policy Repo Rate 6.25% 6.25%
  Reserve Policy Rate 6.00% 5.75%
  Bank Rate 6.50% 6.75%
 Reserve Ratio   CRR 4% 4%
  SLR 20.00% 20.50%
 Inflation Rate  Wholesale Price Index 0.90% 2.17%
 Consumer Price Index 1.54% 2.18%
 Trade Data  Export 24014.62 24635.09
 Import 37856.3 37884.28
 Industry  IIP 1.7% 2.8%

Source :Trading Econom

Economic News:

  • Indicators:

June WPI Inflation stood at 0.9% v/s  2.17% (MoM),

June CPI stood at 1.54% v/s 2.18 (MoM)

May IIP stood at 1.7% v/s 3.1 (MoM), Successfully beaten the Estimated data.

  • Decline in international sugar prices coupled with a possibility of further imports in India that could have adversely impacted he millers.(Source : ET)
  • India merchandise exports to the US grew from $39.14 billion in 2013-14 to $42.33 billion in 2016-17. (Source : ET)
  • Foreign exchange reserves go up $4 billion, reach a record high.(Source : ET)
  • India to join new Global Foreign Exchange Committee. (Source : ET)
  • India, projected to be the most populous country over the next decade, will be the world’s largest milk producer by 2026 and will account for the biggest increase in wheat production globally. (Source : ET)

  Industry News:

  • Amazon gets govt nod to invest in food retail in India.(Source : ET)
  • Falling renewable power tariffs could worsen bad loan problems for banks. (Source : ET)
  • Under GST, basmati rice has been included in the category of branded cereals registered in the Register of Trade Marks, that attract a levy of 5% GST,” ICRA said. (Source : ET)
  • TRAI issues draft design of public WiFi network system, Under this proposed network system, any entity with valid PAN will be able to set up public data offices (PDOs) for providing public WiFi hotspots.(Source : Mint News)
  • New Silicon Valley fund Autotech Ventures aims to connect auto firms and start-ups. (Source : LiveMint)

Company News:

  • Tata Power-CDPQ platform in talks to buy DB Power assets .(Source : ET)
  • SBI Life IPO: State Bank of India looks to sell 80 million shares.(Source : ET)
  • Infosys posts a net profit of Rs3,483 crore for the first quarter ending 30 June; for the 2017-18 financial year, the firm expects revenues to grow at 7.1-9.1%.(Source : ET)
  • Blackstone in talks to buy $525 million IL&FS real estate fund.(Source : ET)
  • IndusInd Bank Q1 profit rises 26% to Rs836 crore. (Source : LiveMint)
  • State Bank of India (SBI) on Thursday reduced the NEFT and RTGS charges up to 75%, effective from 15 July.(Source : LiveMint)
  • According to Trai data Reliance Jio adds 4.78 million subscribers in May, Airtel added 2.09 million customers in May, while Vodafone India and Idea Cellular added 1.13 million and 0.19 million customers.(Source : ET)
  • Bharti Airtel launches Project Next, to invest Rs 2000 crore,VoLTE allows an operator to offer both voice and data without switching between bands.
  • Delhi has allowed Bharat Heavy Electrical Limited (BHEL) to revive its thermal power project in Syria. Oil and Natural Gas Corporation (ONGC), which has two projects in Syri. (Source : ET)
  • Tata Steel to sell SAW mills in UK to Liberty House Group. (Source : ET)

Global News:

  • India tops global index of countries with the most confidence in their government. (Source : TOI)
  • Fitch keeps China’s ‘A+’ rating but warns over debt. (Source : ET)
  • China has become the largest single market for BMW automotive vehicles. Earlier in May, the BMW assembly plant in Shenyang’s Dadong district began operations.(Source : ET)
  • USA Unemployment rate between March and May fell to 4.5 percent, down 0.2 percentage point from the previous three-month period — lowest level since 1975. (Source : ET)

Forthcoming Corporate Actions(17th to 21th July)

Company Purpose Ex-Date Company Purpose Ex-Date
ASTEC Final Div – Rs. – 1.500 17-Jul-17 EXIDEIND Final Div – Rs. – 0.800 19-Jul-17
ATFL Div – Rs. – 2.00 17-Jul-17 GRASIM Spin Off 19-Jul-17
PVR Final Div – Rs. – 2.00 17-Jul-17 HSIL Div – Rs. – 4.00 20-Jul-17
BLUEDART Div – Rs. – 15.00 18-Jul-17 IDFC Div – Rs. – 0.2500 20-Jul-17
INDUSINDBK Div – Rs. – 6.00 18-Jul-17 IDFCBANK Div – Rs. – 0.7500 20-Jul-17
JKCEMENT Div – Rs. – 8.00 18-Jul-17 INFRATEL Final Div – Rs. – 4.00 20-Jul-17
LAKSHMIMIL Div – Rs. – 9.00 18-Jul-17 GATI Div – Rs. – 0.800 21-Jul-17
TATAELXSI Div – Rs. – 16.00 18-Jul-17 POLYCHEM Div – Rs. – 2.500 21-Jul-17
TIDEWATER Final Div – Rs. – 100.00 18-Jul-17 VGUARD Div – Rs. – 0.700 21-Jul-17
ASTRAMICRO Div – Rs. – 1.00 19-Jul-17 PEL Div – Rs. – 21.00 21-Jul-17

Source: NSE, Elite wealth Research

 Forthcoming Board of Meetings (11th to 21th July)

Date Company
17-Jul-17 ACC,IMFA,JUBLFOOD,HMVL,LINDEINDIA
18-Jul-17 HIL,NETWORK18,ULTRACEMO,TV18BRDCST
19-Jul-17 CANBK,KPIT,BAJAJFINSV,MINDTREE,BAJFINANCE,JUBINDUS
20-Jul-17 RALLIS,ABB,WIPRO,BAJAJHOLDING,RELIANCE,BAJAJ-AUTO
21-Jul-17 ATUL,INDIANB,DHFL,
22-Jul-17 IIFL,PETRONENG,AMBUJACEM,M&MFIN,ZEEL,HDFCBANK,DELTACORP,LTI,NELCO

Source: NSE, Elite wealth Research 

Major Economy Indicators

Source:Trading Economics


DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


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