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Showing posts with label Crude oil. Show all posts
Showing posts with label Crude oil. Show all posts

Jan 31, 2019

Dabur Q3 beats estimates, profit rises 10%, domestic volume growth at 12.4%

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FMCG company Dabur India has reported healthy numbers for October-December quarter as earnings beat analyst expectations on Thursday. Consolidated profit grew by 10.2 percent year-on-year to Rs 366 crore, which was ahead of CNBC-TV18 poll estimates of Rs 357 crore.
Profit in corresponding period last fiscal stood at Rs 332 crore.
Consolidated revenue during the quarter increased 11.8 percent year-on-year to Rs 2,199 crore with healthy domestic volume growth at 12.4 percent against 13 percent in same period last year.
"Prudent cost management initiatives coupled with strong growth in the domestic market across our key business categories helped Dabur India Ltd mitigate the weaker economic indicators and macro-economic headwinds in some international markets to deliver a strong overall performance in the third quarter of 2018-19 financial year," the company said.
A CNBC-TV18 poll estimates for revenue stood at Rs 2,169 crore and domestic volume growth at 8-10 percent.
Dabur's shampoo business grew by 25.2 percent and hair oil business was up 23.6 percent, helping the hair care category report a nearly 24 percent growth during the quarter.
The skin & salon business ended the quarter with a 19.3 percent growth, while the OTC & ayurvedic ethicals business grew by 17.6 percent.
Dabur's toothpaste sales, led by continued demand for flagship Dabur Red Paste, was up 11.1 percent while the foods business also grew by 11.1 percent.
Sunil Duggal, Chief Executive Officer, said, "The medium-term prospects for India remain robust and we are confident that domestic consumer sentiment, particularly in rural markets, will gain pace in the months to come on the back of fiscal stimulus."
At operating level too, numbers were ahead of estimates. Consolidated EBITDA (earnings before, interest, tax, depreciation and amortisation) in Q3 increased 4.3 percent to Rs 445.2 crore, but margin contracted to 20.2 percent against 20.5 percent YoY.
A CNBC-TV18 poll expectations for EBITDA stood at Rs 433 crore and margin at 20 percent for the quarter.
SP Tulsian of sptulsian.com told CNBC-TV18 that Dabur reported very good numbers for the quarter. "Considering the good rabi crop season and likely continuity in rural consumption growth, Dabur is expected to trade strong going ahead."
Even if it does 10 percent volume growth, numbers are expected to remain good going ahead, according to him.
The stock was quoting at Rs 433, up Rs 2.15, or 0.50 percent on the BSE, at 14:48 hours IST.
Source: https://www.moneycontrol.com/news/business/earnings/dabur-q3-beats-estimates-profit-rises-10-domestic-volume-growth-at-12-4-3462671.html

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Jan 24, 2019

Nifty above 10,900, Sensex gains 250 points; IT stocks trade higher

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Market Opens: Benchmark indices started the day on positive note with Nifty is trading above 10,900 level.
The Sensex is up 201.85 points at 36396.95, while Nifty is up 59.60 points at 10909.40. About 445 shares have advanced, 240 shares declined, and 35 shares are unchanged.
Yes Bank gained 10 percent in early trade on appointment of Ravneet Gill as new MD & CEO. UPL, Bharti Infratel, Sun Pharma, Bhrati Airtel, RIL, Axis Bank, TCS are other mojor gainers, while ICICI Bank and HDFC Bank are trading lower.
Rupee Opens: The Indian rupee opened higher at 71 per dollar on Friday against previous close 71.07.
Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sgx-nifty-indicates-gap-up-opening-for-indian-indices-3433321.html

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Nifty forms 'Doji' pattern, may consolidate unless index breaks 10,985 on upside

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The Nifty50 closed rangebound session on a positive note Thursday and formed a 'Doji' kind of indecisive formation on daily candlestick charts. Positive global cues and the rally in Reliance Industries, TCS, HDFC and ITC helped the benchmark index end higher.
The 8 percent rally in Yes Bank after the appointment of Ravneet Singh Gill as new MD & CEO also lifted sentiment.
A 'Doji' is formed when the index opens and then closes approximately around the same level. However, it remains volatile throughout the trading day which is indicated by its long shadow on either side. The candle appears like a cross or a plus sign.
A Doji usually means indecisiveness among the bulls as well as bears, hence there could be some consolidation in coming sessions before directional move on either side, experts said.
The Nifty50 after opening marginally higher immediately slipped into red and hit an intraday low of 10,798.65, followed by rangebound move. The index after consolidation gained strength in late trade and touched a day's high of 10,866.60. It closed 18.30 points higher at 10,849.80.
Interestingly Nifty appears to be taking support around its 100-day simple moving average (10,795) which in the past acted as a resistnace point.
"Inline with its recent behaviour Nifty50 once again attracted buying on a dip towards its critical short term support points which resulted in a Doji kind of indecisive formation with a slightly longer lower shadow hinting positive price action for the day," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.
He said lack of follow through selling to Wednesday's fall is suggesting that indices are caught up in a sideways zone and unless they emerge out if this sideways range a directional move will not emerge.
Today's bounce also coincided with the test of its 14-day old ascending channel support whose value is placed around 10,792 levels, he added.
Hence, he said in near term 10,790 appears to be a critical support breach of which may strengthen bearish sentiment for the short term with targets placed around 10,590 kind of levels where as upsides shall remain capped around 10,950.
Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-doji-pattern-may-consolidate-unless-index-breaks-10985-on-upside-3431151.html

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Jan 23, 2019

Sensex trades lower, Nifty around 10,800; Tata Motors, Infosys major losers

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Market Opens: Indian indices started the day on flat note with Nifty trading below 10,850 level.
The Sensex is down 2.76 points at 36105.71, while Nifty is down 2.10 points at 10829.40. About 374 shares have advanced, 306 shares declined, and 29 shares are unchanged. 
Bharti Airtel, Bharti Infratel, Vodafone Idea, Hero Motocorp, ITC, Zee Entertainment, Asian Paints are the major gainers, while United Spirits, Pidilite, Interglobe are among major losers.
Rupee Opens: The Indian rupee opened higher by 7 paise at 71.27 per dollar on Thursday versus previous close 71.34.
Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-trades-lower-nifty-around-10800-tata-motors-infosys-major-losers-3427891.html

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Nifty forms bearish candle after consolidation, 10,790 crucial for bulls

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The Nifty50 after rangebound trade fell sharply in last hour of trade on Wednesday and formed big bearish candle on the daily charts, weighed by index heavyweights HDFC Bank, Infosys, HDFC and Reliance Industries.
ITC was the biggest loser, down over 4 percent after margin disappointment in Q3.
The immediate crucial support for the index could be 10,790, experts said, adding if it breaks that level then there could be sharp fall in coming sessions.
Overall index has got stuck in a broader trading range of 10,700 to 10,985 zones and requires a decisive range breakout for next leg of rally, experts said.
The Nifty50 after opening flat remained rangebound, but started falling in last hour of trade and hit an intraday low of 10,811.95. The index closed 91.30 points lower at 10,831.50 after breaking its consolidation range of last five trading sessions.
"Recent breakout appears to have whipsawed as Nifty50 signed off the session with a strong bearish candle from around critical resistance point of 10,950 levels. However, still larger picture remains that of sideways as Nifty50 is unable to attract any follow through action in recent past," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.
He said interestingly last 13 days of price action carved out a small ascending channel whose support is placed around 10,790 levels.
In case if Nifty slide continues below 10,790 levels then based on this channel breakdown another 200 points fall can be expected with a initial target of 10,571 levels, according to him.
Mazhar said in between Nifty may find some meaning full support around 10,690 levels where as upsides shall remain capped around 10,950. Hence, aggressive traders can go short on Nifty if it trades below 10,790 for one hour and look for a target of 10,600, he advised.
India VIX moved up by 0.58 percent to 18.08 levels. Volatility has to cool down below 16 zones to get a decisive range breakout.
On the option front, maximum Put open interest (OI) is at 10,500 followed by 10,800 strike while maximum Call OI is at 11,000 followed by 10,900 strike.
Meaningful Call writing is at 11,000 followed by 10,900 strike while Put unwinding is at most of the immediate strikes. Option band signifies a trading range in between 10,700 to 11,000 zones.
"Nifty index started to form lower highs - lower lows on daily scale from last two sessions as it failed to surpass multiple hurdle of last nine weeks at 10,985 zones," Chandan Taparia, Associate Vice President | Analyst-Derivatives at Motilal Oswal Financial Services told Moneycontrol.
He said now if it sustains below 10,880 zone then it may drift towards it 50 DEMA and next major support at 10,777 then 10,700 zones while on the upside hurdles are seen at 10,929 then 10,985 levels.
Bank Nifty finally broken its consolidation band of last five trading sessions from 27,350 to 27,600 zones and slipped towards 27,190 levels. It closed 231.50 points lower at 27,250.75 and formed a bearish candle on daily scale as supply pressure is visible at higher levels.
"It has taken multiple hurdle at 27,600 zones and resistances are shifting lower. Now it has to cross and hold above 27,350 zones to witness an upmove towards 27,600 then 27,750 zones while immediate support exists at 27,150 then 27,000 zones," Taparia said.
Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-bearish-candle-after-consolidation-10790-crucial-for-bulls-3426401.html

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Jan 22, 2019

Jan 21, 2019

Jan 20, 2019

Nifty around 10,900, Sensex flat; L&T slips on buyback rejection by SEBI

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Market opens: Benchmark indices started the week on a flat note with Nifty holding above 10,900 level. 
The Sensex is up 30.57 points at 36417.18, while Nifty is down 0.40 points at 10906.60. About 386 shares have advanced, 448 shares declined, and 56 shares are unchanged. 
HDFC Bank, Sun Pharma, NTPC, Infosys, RIL are trading higher, while Wipro, L&T, IOC, BPCL, TCS, Jet Airways, South Indian Bank, DCB Bank,  are among major losers. 
Rupee Opens: The Indian rupee opened lower by 18 paise at 71.36 per dollar on Monday versus Friday's close 71.18.
Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-around-10900-sensex-flat-lt-slips-on-buyback-rejection-by-sebi-3413441.html

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Jan 16, 2019

Sensex trades higher, Nifty around 10,900; Jet Airways slips 5%

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Market opens: Equity benchmarks have started the day on a positive note, with the Nifty is trading above 10,900 level.
The Sensex is up 137.17 points at 36458.46, while Nifty is up 36.40 points at 10926.70. About 472 shares have advanced, 170 shares declined, and 46 shares are unchanged. 
All other sectoral indices are trading in the green, while Midcap index is up 0.35 percent. 
Zee Entertainment, Bharti Airtel, Indiabulls Housing, HDFC, Axis Bank, Bajaj Finance are trading higher, while HCL Tech, Bajaj Auto, Jet Airways, Mindtree, Infosys, BPCL have lost the most. 
Shares of Reliance Industries and Hindustan Unilever are trading higher ahead of third quarter numbers.
Rupee Opens: The Indian rupee opened higher at 71.15 per dollar on Thursday versus previous close 71.24.
Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-trades-higher-nifty-around-10900-jet-airways-slips-5-3400771.html

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Jan 10, 2019

Sensex starts on a flat note, Nifty holds 10,800; TCS down 1% post Q3 show

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Market opens It is a flat start to the market on Friday morning, with the Nifty holding 10,800-mark. 
The Nifty IT index is down around half a percent, with TCS dragging around 1 percent. Banks, consumption and metals were the other big gainers. The Nifty midcap index is up one-tenth of a percent. 
The Sensex is up 48.99 points or 0.14% at 36155.49, while the Nifty is higher by 9.10 points or 0.08% at 10830.70. The market breadth was positive as 301 shares advanced, against a decline of 115 shares, while 32 shares were unchanged.
Yes Bank and ITC are the top gainers, while TCS, Power Grid, and Bharti Airtel lost the most.
Rupee Update: The Indian rupee opened flat at 70.42 per dollar on Friday versus Thursday's close 70.41.
Source:https://www.moneycontrol.com/news/business/markets/stock-share-live-updates-market-live-sensex-starts-on-a-flat-note-nifty-holds-10800-tcs-down-1-post-q3-show-3377521.html
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