IPCA LABS Q3 PROFIT REPORT

Ipca Laboratories has reported a whopping 51.7 percent on year increase in third quarter profit to Rs 160.2 crore, driven by strong operating income and forex gain.

Revenue from operations during the quarter grew by 10.2 percent to Rs 947.6 crore YoY, aided by domestic and branded formulations, and APIs exports.

Ipca said domestic formulations business, which contributed 45 percent to total revenue, registered a 10 percent growth during the quarter YoY.

Branded exports revenue grew by 41 percent and active pharmaceutical ingredient (API) exports increased 40 percent YoY, it added.

At operating level, EBITDA (earnings before interest, tax, depreciation and amortization) jumped 43.4 percent to Rs 231.7 crore and margin expanded by 540 bps to 24.2 percent in quarter ended December 2018 YoY.

Ipca said forex gain for the quarter stood at Rs 28.5 crore against Rs 10 crore in year-ago period.

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PHARMA SECTOR NEWS

फार्मा शेयरों में तेजी देखने को मिली है। ग्लेनमार्क फार्मा ने साउथ कोरिया की युहान कॉरपोरेशन के साथ लाइसेंसिंग करार किया है। साउथ कोरिया में एलर्जी की एक दवा बेचने के लिए ये एक्सक्लूसिव करार किया गया है। वहीं टॉरेंट फॉर्मा को मिर्गी की एक दवा के लिए अमेरिकी रेगुलेटर से सैद्धांतिक मंजूरी मिल गई है।

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निफ्टी 50 वीकली एक्सपायरी

निफ्टी बैंक की तरह अब निफ्टी की भी वीकली एक्सपायरी होगी। ये नियम 11 फरवरी से नियम लागू होगा, लिहाजा 14 फरवरी को पहली बार निफ्टी की वीकली एक्सपायरी होगी। 11 फरवरी को 7 वीकली एफएंडओ कॉन्ट्रैक्ट लॉन्च होंगे। पहली वीकली एक्सपायरी 14 फरवरी को होगी फिर हर गुरुवार को वीकली एक्सपायरी होगी। गुरुवार को छुट्टी होने पर एक दिन पहले एक्सपायरी होगी। अभी सिर्फ बैंक निफ्टी की वीकली एक्सपायरी होती है।

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EYE on NATURAL GAS MOVEMENT

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Naturalgas on MCX settled down -2.45% at 207 fell sharply continues to deteriorate 26 as warm weather was expected to continue since last week prices where under pressure after a report from the EIA showed that domestic supplies of natural gas fell by 48 billion cubic feet for the week-ended December 21. The number was just under the consensus of 50, but pretty close to the average of the range of market expectation.

All eyes are on the weather forecasts for the first week in January and especially next weekend. A weak cool front will bring chilly conditions over New England to open the week, but quite mild over the rest of the east-central and southern US even as a weather system strengthen over Texas and the South with increasing rains, just without cold air. A more impressive cold blast will bring snow to the Rockies and Plains, with cold air into N. Texas as well as highs only reach the 0s to 30s. Cold air with this Plains system will sweep across the Great Lakes and Northeast during the second half of the week for stronger national demand. While US natural gas output in the lower 48 states rose to 96.65 billion cubic feet per day (bcfd) in October from a revise 95.96 bcfd in September, the U.S. Energy Information Administration said in its monthly 914 production report.

Technically market is under fresh selling as market has witnessed gain in open interest by 0.97% to settled at 3834 while prices down -5.2 rupees, now Naturalgas is getting support at 203.1 and below same could see a test of 199.2 level, And resistance is now likely to be seen at 211.8, a move above could see prices testing 216.6.

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IDEAL STOCK :- DERIVATIVE REPORT ON DAILY BASIS

NIFTY FUTURE OUTLOOK :- 

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MAINTAIN POINT TO YESTERDAY TO TOMORROW  :-

DOLLOR/INR OPEN TO NEGATIVE AS COMPARES YESTERDAY TO TOMORROW.

NIFTY FUT. YESTERDAY CLOSING 10919.00,AND NIFTY OPEN  10909.95, TODAY OPEN UP SIDE , TODAY NIFTY FUT. GAP UP OPEN. 

BANK NIFTY FUTUE OUTLOOK :- 

MAINTAIN POINT TO YESTERDAY TO TOMORROW .

DOLLOR/INR OPEN TO NEGATIVE AS COMPARES YESTERDAY TO TOMORROW.

BANK NIFTY FUT. YESTERDAY CLOSING  27318.00 , AND BANK NIFTY OPEN 27325.60, TODAY BANK NIFTY  FUT.  OPEN  GAP UP OPEN.

INTRADAY TRADERS ARE ADVISED TO BANK NIFTY FUT.  RANGE BOUND TODAY RANGE 27000 -27350.

TODAY TOP NEWS UPDATE :-

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MARUTI  SUZUKI DECEMBER SALES MISS ESTIMATES DOWN 1.30%  AT 1.28% LAKH UNITS.

INDIAN RUPEE OPENS  HIGHER AT 69.62/$.

NIFTY AND BANK NIFTY FUTURE  TODAY  RANGE BOUND.

       NIFTY OUTLOOK :-

OUR TECHNICAL CHART SHOWN IN  1 HOURS OR 4 HOURS CHARTS SHOW NIFTY FUTURE TODAY RANGE BOUND 10730 -10970.

BUY NIFTY FUT. B/W 10830 -10850 TGT 10970 STOPLOSS 10730.

CLOSING BELL AT DAY 1 OF 2019

It’s a strong start to the New Year for equities as bulls took complete charge in the last hour of trade. The Nifty reclaimed 10,900-mark setting it on track to move towards 11,000 as well. Meanwhile, the Sensex ended above 36,000-mark. 

Barring auto and consumption sectors, all other sectors ended in the green. HDFC Group twins and ICICI Bank supported the rally.  

At the close of market hours, the Sensex was up 186.24 points or 0.52% at 36,254.57, while the Nifty was higher by 47.60 points or 0.44% at 10910.10. The market breadth was narrow as 1,437 shares advanced, against a decline of 1,091 shares, while 147 shares were unchanged.

Bharti Airtel and HDFC were the top gainers, while M&M, Tata Steel, and Hindalco lost the most.

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NATURAL GAS FORECASTS IN NEW YEAR

Natural gas on MCX settled up 2.87% at 265.4 on forecasts for a colder start to the new year than previously expected, reviving concerns there may not be enough fuel in storage for the winter heating season. Meteorologists predicted the weather would turn near normal to a little colder than normal through the first week of January after remaining warmer than usual until Dec. 28. Warm weather so far this month has allowed utilities to leave more gas in storage than usual so far in December. However, the coming cold will boost heating demand and likely stop utilities from cutting the vast storage deficit in early January.

Total U.S. consumption of natural gas fell by 16% compared with the previous report week, according to data from the EIA. Stockpiles are now 21 percent below normal for this time of year and at their lowest in 16 years. Since early November, the combination of changing weather forecasts and low stockpiles has kept futures volatility at its highest in years. With the weather turning seasonally colder after the U.S. Christmas holiday, Refinitiv projected gas demand in the Lower 48 states would rise to 105.2 billion cubic feet per day (bcfd) next week and 115.8 bcfd during the first week of the new year, up from 101.0 bcfd this week. Gas output in the Lower 48 has averaged a near record high of 87.3 bcfd in the past 30 days.

Technically market is under fresh buying as market has witnessed gain in open interest by 14.16% to settled at 2104 while prices up 7.4 rupees, now Natural gas is getting support at 256.2 and below same could see a test of 247 level, and resistance is now likely to be seen at 271, a move above could see prices testing 276.6.

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