P

P

LORD JESUS CHRIST SAYS

The thief comes only to steal and kill and destroy; I have come that they may have life, and have it to the full. “I am the good shepherd. The good shepherd lays down his life for the sheep.

16 Dec 2016

STOCK MARKET- Overnight TIPS- Stocks to look out for on December 16 (+MORE )

The stocks which could witness significant movement on December 16 are Raminfo; Cox & Kings; Somany Ceramics; Godawari Power and Ispat; and Dilip Buildcon.
Raminfo: Raminfo has won an order from a maharatna PSU for procurement and implementation of CPM and Ash board software package for a total value of Rs 787.87 crore. The share price of the company will be watched out on Friday.
Cox & Kings: Cox & Kings’ Meininger hotels to open its second hotel in Brussels. The share price of the company will remain in the limelight on December 16.
Somany Ceramics: Somany Ceramics redefines the Smart Toilet Category and has launched an Exquisite French Collection range. The share price will be focused on Friday.

Godawari Power and Ispat: Godawari Power and Ispat has restarted partial operations in Steel Melting Shop, Captive Bio Mass Power Plant, Steel Rolling Mill & Wire Drawing Units in line with the slight improvement in the price realisation and market demand.
Dilip Buildcon: Dilip Buildcon has received orders worth Rs 260.1 crore from the state of Andhra Pradesh under NHDP -lV, through an Engineering, Procurement and Construction contract having length of 34.4 km
 By Lohit B 


Top of Form

Markets may fall sharp; FED hikes interest rates by 25bps
As expected the December FED meet has finally concluded with a 25 bps rate hike. The Federal Reserve raised its benchmark interest rate for the second time since the financial crisis of 2008. However, the FED Chairman indicated possible rate hikes to come faster than expected in 2017.
The US markets on December 14 closed lower, the Dow Jones industrial average closed about 119 points lower. The S&P 500 dropped about 0.8 per cent and the Nasdaq Composite slipped 0.5 per cent.
The Fed cited that the steady growth of employment and other economic measures are the good indicators of a prospering economy and has raised interest rates. On the other hand, the Indian markets are expected to fall.  SGX Nifty as at 9 am is down by 60 points. It won’t come as a surprise if Sensex loses over 300 points on an intraday basis.

US fed rate hike to impact China more than India
US fed rate hike, which is expected to strengthen the USD and also firm up the bond yields in US markets may pose some serious problems for China more than it can pose problems for India.
It is expected that there will be capital outflow from these two favourite emerging markets of the FPIs.
Indian markets have been witnessing good amount of support coming in from the DIIs, thus arresting the markets' fall. Even as the FPIs have turned out net sellers to the tune of US$ 1.4 billion in the month of November; the DIIs almost matched the figures but on the reverse side of the transaction thereby being the buyers.
Chinese economy, however, is marred with bubbles in different sectors or asset classes. The real estate prices in China have gone up by 30 to 50 per cent in the past 18 months and the debt has increased by 60 percentage points to the GDP. With rising US$ the debt servicing will be an issue for the Chinese economy and will affect negatively the economy due to its leveraged characteristic.
Few Indian companies may be impacted negatively, only marginally owing to rise in US interest rates. Beyond that the impact for Indian economy is restricted to the capital outflow damage that it can cause to the financial markets and to the EXIM balance due to strengthening USD.


No comments:

Post a Comment