2nd  Feb , 2011     
  
 
Morning Wealth BP WEALTH
Tuesday, 12th December, 2017

Nifty Futures Level 1 Level 2 Level 3 Intraday Nifty Outlook

Resistance 10360 10390 10450
Nifty futures closed 0.55% higher at 10322. Index continued its up move for the
Support 10280 10220 10180 third consecutive day and is now placed around the down sloping trend line
which is drawn connecting the previous troughs, a break above this trend line
will further accelerate the up move. Earlier index reversed after taking support
Indices (NSE) Close Pts. Chg % Chg
at the lower trend line and continued its sharp reversal for second consecutive
Nifty 10,322.3 56.6 0.5 day. Going ahead a sustenance above 10320 will open the way for 10390 in
Nifty Future (Dec) 10,346.4 54.8 0.5 short term while support comes at 10280-10220.
Nifty Future (Jan) 10,379.1 55.4 0.5 Corporate News
Bank Nifty 25,404.9 83.7 0.3 Ford India to hike prices by up to 4% from January
CNX100 10,752.6 54.5 0.5
Automaker Ford India today said it will increase prices of its models by up to 4
CNX500 9,231.9 41.4 0.4
per cent from January to partially offset the impact of rising input costs. “The
CNX Midcap 20,120.6 105.8 0.5 price increase is necessary due to several external factors, such as frequent
fluctuations in commodity prices and rising input and freight costs,” Ford India
Indices (BSE) Close Pts. Chg % Chg Executive Director - Marketing, Sales and Service, Vinay Raina said in a state-
ment. The company has tried to minimise the impact on its customers by ab-
Sensex 33,455.8 205.5 0.6 sorbing a large part of these incremental costs and capping the price hike to 4
per cent, Raina added. The company said the price hike would apply to all Ford
BSE-100 10,802.6 56.9 0.5 products, including the recently launched new Ford EcoSport. “From an intro-
ductory price of Rs. 7,31,200, Ford EcoSport is expected to see revision of up
BSE-200 4,567.8 23.1 0.5 to Rs. 30,000 across variants,” it added. Ford currently sells a range of models,

BSE-500 14,600.9 65.3 0.4 from hatchback Figo with price starting at Rs. 4.8 lakh to iconic sports car Mus-
tang priced at Rs. 71.62 lakh (all prices ex-showroom Delhi). (Source: Business
Mid Cap 17,106.3 61.9 0.4 Line)

Small Cap 18,251.8 39.9 0.2 Tata Motors to hike passenger vehicle prices by up to Rs. 25,000 from
January

Sectoral Indices Close Pts. Chg % Chg Tata Motors today said it will increase prices of its passenger vehicles by up
toRs. 25,000 from January to offset the impact of rising input costs. “The chang-
BANKEX 28,751.9 102.9 0.4 ing market conditions, rising input costs and various external economic factors
CAPITAL GOODS 18,495.1 16.3 0.1 have compelled us to consider the price increase,” Mayank Pareek, President,
REALTY 2,426.6 -3.1 -0.1 Passenger Vehicle Business, Tata Motors, said in a statement. Introductory
POWER 2,303.1 8.5 0.4 prices of the recently launched compact SUV Nexon will be ending by Decem-
OIL & GAS 16,075.6 -37.5 -0.2 ber 31 and this entire range will also witness a price hike from January 2018 by
METAL 13,782.7 19.7 0.1 up to Rs. 25,000, the company said. Various automakers including Toyota Kir-
loskar Motor, Honda Cars India, Skoda and Isuzu have announced their deci-
CD 21,870.3 38.3 0.2 sion to hike prices from January next year. (Source: Business Line)
AUTO 25,488.3 164.6 0.7
TECK 6,204.4 54.2 0.9 ADVIK Hi-Tech bags $51-mn driveline oil pumps order from Magna
IT 10,917.6 107.8 1.0 Pune-based automotive component manufacturer ADVIK Hi-Tech has won six
FMCG 10,627.1 64.7 0.6 orders for the supply of transmission oil pumps from Magna Powertrain, which
HEALTHCARE 14,120.2 97.1 0.7 is estimated to generate sales revenues of about Rs 350 crore ($51 million)
VIX 14.1 0.5 3.5 over its lifetime. The orders would commence from the calendar year 2018.
Magna Powertrain, a part of Magna International, is a supplier of four-wheel
drive and all-wheel drive systems globally. The order contract is for the design,
Exchange Advance Decline Unchg development, and manufacture of driveline oil pumps for passenger cars and
sports utility vehicles. The oil pump will be instated by Magna Powertrain on
BSE 1,411 1,294 176
their 4WD transfer cases to be assembled in Mexico, Germany, and Austria.
NSE 918 843 65 These oil pumps have been developed by the research and development wing
at ADVIK Group along with their technical partner, Trochocentric GmbH, Ger-
many. ADVIK has also set up a warehouse in Mexico to enable it to be closer to
Volume Rs (in cr) % Chg Magna’s assembly plant. ADVIK Hi-Tech is already a world leader in the manu-
NSE Cash 25,217.8 -18 facture of oil pumps in the two-wheeler segment, along with tensioners and
BSE Cash 4,888.2 -13 combined braking systems. "Going forward we expect to expand into the four-
NSE F&O 333,055.8 -10 wheeler oil pump space,” Aditya Bhartia, Managing Director at ADVIK Group of
Companies, said. (Source: Business Line)

Net Inflows/Outflows
Buy Sell Net
(Rs in cr)
FII 4,881.3 5,066.9 -185.6
DII 3,098.1 2,989.2 108.9
 BP WEALTH

Morning Wealth

Nifty Top 5 Gain- Economy

Close Pts. Chg % Chg
ers
Construction equipment sector sees green shoots
AUROPHARMA 690.9 18.4 2.7 ith the irrigation sector witnessing a revival, the construction equipment industry
UPL 745.6 17.5 2.4 is mopping more orders. “The sector, which is largely dependent on roads and
highways, is now getting orders from the irrigation sector with large-scale pro-
WIPRO 289.4 6.5 2.3 jects being taken up by way of canal construction, desilting of ponds/lakes, and
revival of traditional ponds in a few States,” said Vipin Sondhi, Chairman, CII-
TCS 2661.1 59.6 2.3 Excon 2017. “Major irrigation projects are being carried out in Andhra Pradesh,
Telengana and Maharastra, which is encouraging. Also, the Central govern-
M&M 1418.3 30.1 2.2
ment’s UDAN scheme envisages new airport at remote locations. The Railways
is also building more lines to decongest busy routes. All these are beneficial to
Nifty Top 5 Los- our industry,” he added. “The sector, which peaked in 2011, went through a
Close Pts. Chg % Chg down cycle for four straight years from 2012 until 2015. This year as an industry,
ers
we will surpass our previous best year of 2011 with a growth of 14 per cent,”
INFRATEL 368.1 -5.6 -1.5
Sondhi said. “The industry is headed for a projected stable growth of 10 per cent
NTPC 178.4 -2.1 -1.1 CAGR over the next 5 years compared to 7 per cent in the previous decade,” he
added. The Confederation of Indian Industry (CII) will organise the ninth edition
ASIANPAINT 1125.9 -9.7 -0.9 of Excon 2017 – construction equipment exhibition from December 12 to 16 at
the BIEC, Bengaluru. Sondhi said this year’s expo has a gross display area of
ONGC 178.9 -1.3 -0.8 2.50 lakh square metres and will be attended by 925 exhibitors, including 275
HINDALCO 238.1 -1.6 -0.7 companies from abroad. The event is expected to attract over 40,000 business
visitors. Virendra Gupta, Deputy Director General, CII, said that as part of Excon,
CII is organising an Infrastructure Summit on December 12. A CEOs’ roundtable
Int. Indices Close Pts. Chg % Chg session will be attended by global and Indian CEOs in the infrastructure and
construction sectors. A CII-ICEMA eeport on Indian construction equipment in-
S&P 500 2,660.0 8.5 0.3 dustry is also expected to be released at the meet. (Source: Business Line)
DOW 24,386.0 56.9 0.2
International News
NASDAQ 6,875.1 35.0 0.5
Asia Stocks Mixed Ahead of Central Bank Meetings
FTSE 7,453.5 59.5 0.8 Asian equities were mixed as traders await U.S. and European central bank
meetings this week for further clues on the 2018 policy outlook. The dollar was
DAX 13,123.7 -30.1 -0.2 steady and oil maintained gains around $58 a barrel. Benchmarks in Tokyo sat
CAC 5,386.8 -12.3 -0.2 on recent gains, while Korean shares slipped, after U.S. stock indexes hit fresh
highs overnight. Most major American gauges advanced, led by more than 1
NIKKEI 22,928.4 -10.3 0.0 percent increases in media, telephone and technology-hardware shares. Inves-
tors shrugged off a non-fatal explosion in New York in what was called a terrorist
Hangseng 28,956.2 -9.1 0.0
attack. Volumes remain lackluster ahead of the year’s final Federal Reserve and
Straits Times 3,454.0 -6.4 -0.2 European Central Bank meetings. The focus at the conclusion of the Fed’s two-
day meeting will be its outlook for next year, with investors debating the impact
of coming policy normalization on global asset markets. Outgoing Chair Janet
ADR Close Pts. Chg % Chg Yellen is expected to signal on Wednesday more interest-rate increases to come
in 2018 after raising the Fed’s benchmark by a quarter of a percentage point.
HDFC Bank 97.0 1.4 1.4
The pound held around its lows of the month as optimism fades over the break-
ICICI Bank 9.7 0.1 0.8 through Brexit deal reached last week. Australia’s dollar was also trading near
Infosys 15.9 0.2 1.1 recent lows after reports showed a drop in home prices and retreat in business
TATA Motors 31.8 0.3 0.8 confidence. (Source: Bloomberg Asia)
Wipro 5.4 0.1 2.3

Major Bulk Deal (NSE)

Currencies Close Pts. Chg % Chg
Dollar Index 94.0 0.1 0.1 Scrip Name Qty Type Client Name Trade Price
USD/INR 64.4 -0.1 -0.1
EURO/INR 75.9 0.2 0.3 No Major Bulk Deals
USD/YEN 113.5 0.0 0.0

Commodities Close Pts. Chg % Chg Major Bulk Deal (BSE)

Gold (spot) Rs 28,466.0 -67.0 -0.2
Silver (spot) Rs 37,140.0 85.0 0.2 Scrip Name Qty Type Client Name Trade Price
Crude (Brent) $ 65.2 0.5 0.8 MORGAN STANLEY
NBCC 7,331,990 SELL 260.4
Crude Oil (WTI) $ 58.3 0.3 0.5 FRANCE SAS

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Morning Wealth

EVENTS CALENDAR

Monday Tuesday Wednesday Thursday Friday

11-Dec-2017 12-Dec-2017 13-Dec-2017 14-Dec-2017 15-Dec-2017
Results – Results – Results – Results – Results –

Economic Indicators - Economic Indicators – Economic Indicators– Economic Indicators- Economic Indicators–

US– US– US– Consumer Price US– Jobless Claims US–

Index

18-Dec-2017 19-Dec-2017 20-Dec-2017 21-Dec-2017 22-Dec-2017

Results – Results – Results - Results – Results –

Economic Indicators - Economic Indicators – Economic Indicators– Economic Indicators- Economic Indicators–

US– US– US– US– Jobless Claims US–

25-Dec-2017 26-Dec-2017 27-Dec-2017 28-Dec-2017 29-Dec-2017

Results – Results – Results - Results – Results –

Economic Indicators - Economic Indicators – Economic Indicators– Economic Indicators- Economic Indicators–

US– US– US– US– Jobless Claims US–

Green: Corporate Event, Red: Economic Events, Dark Blue: US Events/ UK Events

(Source: Bloomberg and BSE)

Institutional Research BP Equities Pvt. Limited (w ww .bpw ealth.com) 12/12/2017 3

BP Equities reports are also available on Bloomberg [BPEP <GO>]

 BP WEALTH

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