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Trendlyne Marketwatch
14 Jul 2017

Market breadth is holding steady. Of the 2628 stocks traded today, 922 were on the uptick, and 1559 were down.

Riding High:

Largecap and midcap gainers today include Biocon Limited (402.20 9.70%), Aurobindo Pharma Limited (735.00 4.32%) and CESC Limited (897.40 3.53%).

Downers:

Largecap and midcap losers today include National Aluminium Company Ltd. (NALCO) (70.95 -2.41%), Just Dial Limited (359.15 -2.13%) and Jaiprakash Associates Limited (20.80 -2.12%).

Volume Rockets

10 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Ramco Systems Limited (378.00 9.47%), Praj Industries Limited (82.70 7.06%) and Syngene International Limited (499.30 5.90%).

Top high volume losers on BSE were The Phoenix Mills Limited (510.00 -5.78%), Videocon Industries Limited (30.40 -4.85%) and Ramkrishna Forgings Limited (523.35 -3.08%).

TV18 Broadcast Limited (41.70 1.96%) was trading at 7.3 times of weekly average. Astral Poly Technik Limited (667.00 -1.04%) and Kotak Mahindra Bank Limited (979.45 1.87%) were trading with volumes 4.2 and 3.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

19 stocks took off, crossing 52 week highs, while 3 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Adani Ports and Special Economic Zone Limited (375.20 0.01%), Aditya Birla Nuvo Limited (1887.30 -1.67%) and Bajaj Finance Limited (1480.60 -0.19%).

Stocks making new 52 weeks lows included - S.E. Investments Limited (157.55 5.03%) and Sunrise Asian Limited (2.21 -1.78%).

4 stocks climbed above their 200 day SMA including Ramco Systems Limited (378.00 9.47%) and Praj Industries Limited (82.70 7.06%). 5 stocks slipped below their 200 SMA including Den Networks Limited (80.45 -1.65%) and Mahanagar Telephone Nigam Limited (21.40 -1.15%).

 
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The Baseline
13 Jul 2017
It is the midcap and small IT companies drawing FII interest, as of the March quarter

For the Indian IT sector, the momentum and bullishness appears to have shifted - away from the large IT majors and towards the midcap and smaller players. With the exception of TCS and Wipro, IT FII/FPI investments as of the previous quarter increased in the smaller companies - Hexaware Technologies, Sasken Communications, Ramco Systems and others.

These firms, focused on a few select verticals, have gained FII interest over the behemoths. According to HDFCSec analysts, midcap IT valuations (12x FY19E) are at a 10% discount to large cap valuations (13.5x FY19E).See the full screener of shareholding increases among FIIs here. 

 
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The Baseline
12 Jul 2017
Consumer inflation falls to record lows

Consumer inflation fell to a record low of 1.54% in June, below the estimate from economists polled by Reuters, who had predicted that inflation would fall to 1.7%. This is a sharp drop from May's 2.18% inflation number. 

The drop has been aided by a fall in food prices, and is significantly lower than RBI's medium term target of 4%. Consumer inflation rates have stayed below RBI targets now for eight months in a row, opening an opportunity for an interest rate cut from the bank. The RBI had against expectations kept the interest rate unchanged in June, but MPC discussions indicated that it could review the stance if the trend continued. The RBI's MPC is set to meet in August. 

 
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The Baseline
12 Jul 2017
Technically strong value stocks: Goa Carbon, Graphite India, Bhansali Engineering

Several strong value stocks (with Piotroski Score > 6 - this score calculates the firm's financial strength) are currently trending above all their SMAs, and have very high technical scores. These include Goa Carbon (Trendlyne wrote about this company on April 12), Graphite India (ICICISec recently issued a BUY report on this stock), Bhansali Engineering Polymers, and more.

Somewhat expensive stocks which are currently trading above broker targets and have high P/Es, like Avanti Feeds, are also still gaining in share price. See the full screener list of bullish value stocks.