6/1/2015 stocks news

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"The rise of India looks unstoppable," the Center for Economics and Business Research (CEBR) said last week. In its annual World Economic League Table, the group expects India to become the Commonwealth's largest economy by 2018. In 2024, the group expects India will become the world's third largest economy from its present status as fourth-largest.

The Indian economy is set to kick off the year as the favorite among emerging markets thanks to a series of positive economic developments coupled with the accelerating pace of Prime Minister Modi's reforms.

"We expect India's stock market to generally outperform emerging and developing peers in 2015," said Howie Lee, investment analyst at Phillip Futures, in a report last week. The Sensex stock index was Asia's second-best performing market in 2014, rising around 30 percent.

New Delhi is expected to post economic growth of 5.5 percent during the fiscal year ending March 2015, according to the finance ministry - a welcome sign for an economy that's seen sub-5 percent growth for two consecutive years.

2013 marked a year of vulnerability for India as a ballooning current account deficit triggered sharp capital outflows when the Federal Reserve first broached the idea it would reduce its stimulus program.

"Call it a huge slice of luck or astute economic forecasting, but going into 2015, the problems that have plagued India for the past two years have mostly been subdued. Due to falling commodity prices, the twin terrors of current account deficit and high inflation have come under substantial control," said Howie Lee of Phillip Futures.

November's wholesale price inflation rate came in at zero for the first time in over five years, and a far cry from May's 6 percent annual increase. Lee said a global fall in food prices proved more effective in containing inflation than the Reserve Bank of India's (RBI) 2013 interest rate hike.

While the current account deficit remained high at 2.1 percent of gross domestic product (GDP) during the July-September quarter, expectations for oil prices to remain low in the near term will ease the strain, Lee said. Not only does cheaper oil ease India's import bill, it also allowed Modi to end diesel subsidies, which cost the government over $20 billion in the last fiscal year.

For the government to achieve GDP growth above 6 percent, Morgan Stanley recommends greater focus on medium-term reforms, including the easing land acquisition rules, flexibility in labor markets, and the introduction of a goods and services tax (GST) to create a national taxation system.

Moreover, the overall ease of doing business remains a major priority for the government, the bank added. It's watching for various policy steps on streamlining clearances for forest and environmental projects, expediting industrial licensing processes and providing stable taxation policies. It also wants to see initiatives under the "Make in India" campaign aimed at convincing multi-national companies to manufacture within the country.

The Obama administration’s move to allow exports of ultralight crude without government approval may encourage shale drilling and thwart Saudi Arabia’s strategy to curb U.S. output, further weakening oil markets, according to Citigroup Inc.

A type of crude known as condensate can be exported if it is run through a distillation tower, which separates the hydrocarbons that make up the oil, according to U.S. government guidelines published yesterday. That may boost supplies ready to be sold overseas to as much as 1 million barrels a day by the end of 2015.

Saudi Arabia led the Organization of Petroleum Exporting Countries to maintain its production quota at a meeting last month even as a shale boom boosted U.S. output to the highest in more than three decades. That prompted speculation OPEC was willing to let prices fall to force some companies with higher drilling costs to stop pumping.

“U.S. producers are under the gun to reduce capital expenditures given lower prices,” Citigroup said in the report. “Now an export route provides a new lease on life that can further weaken crude oil markets and throw a monkey wrench into recent Saudi plans to cripple U.S. production".

Current U.S. export capacity is at about 200,000 barrels a day, which could be expanded to 500,000 a day by the middle of 2015, according to the bank.

 

 

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What To Do Today..........

Our Opininon for Today's Market.......

1.Market Looks Volatile.....

1.Some Insider Say NIfTy go up to 6200

What To Do Today........

Nifty....Today Face Resistance at......8468..8535..8585

Nifty.....Today Support at ..8350...8300...8255

Nifty Range...6300--------8200

TRACK ME RESEARCH......

NEXT TGT FOR

Our Opinion for Today's Market.......

1.Stock Specific Movement Expected Today ......

2. Mid-caps Looks Good....

INTRADAY HOT STOCKS: 6/1/2015

 

sell mstak @ 410 sl 415tgt 403

sell nifty sl 8525 tgt 8220

 

buy infy tgt 2080/2150 sl 1940

buy lic on dip tgt 490/500sl 450

 

 

 

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