STOCK MARKET LIVE: How to make money from volatile market? Check experts view on SpiceJet, Vedanta, Eicher Motors, Hero MotoCorp, YES Bank shares, gold, crude oil

6 pm: IndiaMART IPO:

IndiaMART initial public offer (IPO) to raise Rs 475 was fully subscribed on the second day of bidding June 25. The company is an online marketplace for business products and services. 

5:20 pm: Gold prices (global): 

Gold prices in the global markets rose to the six-year peak on Tuesday due to simmering US-Iran tensions, a weaker dollar, and prospects of monetary easing by the US Federal Reserve.

5 pm: Crude oil (July): JM Financial BUY call:
MCX Crude oil (July delivery) prices are trading on negative note. The immediate support at 3,950, next support is at 3,900. The important resistance is at 4,090 levels. Until prices close above  4,090, selling on rise is advisable.

4:30 pm: Silver (July): JM Financial BUY call:
MCX Silver (July delivery) prices are likely to trade on a positive note with immediate support at 37,900, next support is at 37,700. The important resistance is at 38,760 levels. Until prices close below 37,700, buying is advisable.

4:15 pm: Gold (August) JM Financial BUY call:
MCX Gold (August) prices are likely to trade on a positive note. The immediate support at 34,700, next support is at 34,580. The important resistance is at 34,900 levels. Until prices are holding below 34,580, buying is advisable. 

4 pm: SpiceJet share (BUY)

With over 50% of SpiceJet’s domestic and international slots yet to be redistributed, Edelweiss in its report said it perceives an upside risk to the airline's earnings. Spike in capacity growth, lower fuel prices and higher yields will lead to the company clocking PAT of Rs 770 crore in FY20E against a loss in FY19. The brokerage maintains ‘BUY/SO’ with a target price of Rs 179 per share (8x FY21E EV/EBITDAR).

3:40 pm: Gold (August):
MCX Gold August delivery price was at 34,775, up 0.97%. Jigar Trivedi, Research Analyst at Anand Rathi Commodities, said on Zee Business TV that further momentum is expected to come in gold. He suggested a target of 34,900 and a stop loss of 34,650.

3:30 pm: Crude oil (BUY)
MCX Crude oil (July 19) was at 4,012.00, a rise of 0.48%. Jigar Trivedi, Research Analyst at Anand Rathi Commodities, said on Zee Business TV that crude oil prices will further go up. He suggested a target of 4,100 and stop loss of 3,990.

3 pm: Sensex is trading at 39,483.94, up 360.98 points or 0.92%, while Nifty 50 is trading 0.94% higher at 11,810.2.

2:50 pm: Federal Bank share:
(Zee Business TV experts panel stock recommendations) An expert said that Federal Bank share may see momentum in the short term. He gave a short term terget of Rs 108 and the stop loss at Rs 101. The share is now trading at Rs 103.85, up 0.97%.

2:40 pm: YES Bank share:
(Zee Business experts panel stock recommendations) An expert recommended exit from the stock. There is little chance of going further up.

2:30 pm: Graphite India share:
(Zee Business TV experts panel stock recommendations) An expert recommended exit from the share. This share may go down further below Rs 200. The stock is trading at 339.75, up 0.30%.

2:15 pm: Piramal Enterprises (HOLD):
(Zee Business TV experts panel stock recommendations) A markets expert said that the investors whom bought the share should HOLD it for sometime. The immediate target for the stock is Rs 21,70 and it may cross Rs 2,200 level, he said. There is a strong resistance level at Rs 1,820. Therefore, the investors should add more of the share when it falls further. The share is trading at Rs 1,889.10, down 2.90%, on the BSE.

2 pm: YES Bank, L&T, Asian Paints and Infratel are trading lower. 

1:45 pm: Bank Nifty bounced back into the positive territory. Bank of Baroda, Federal Bank, Axis Bank, Kotak Mahindra Bank, RBL Bank, HDFC Bank, PNB, and ICICI Bank were trading higher. The index has been quite volatile for the past couple of trading sessions.

1:15 pm: Ceat share: 
(Zee Business experts panel stock recommendations) Market expert Simi Bhaumik said that who have already taken the stock should keep stop loss at Rs 920 and the share may go up to Rs 950.  The share is trading at Rs 935.65, up 3.64%, on the BSE.

1 pm: Specialty chemicals industry stocks: PI Industries, SRF, Galaxy Surfactants, Fine Organics SH Kelkar and Vinati Organics

Brokerage Edelweiss in its report today said India’s specialty chemicals industry has clocked 12% growth over FY07–18. In spite of rising environmental concerns and sharpening cost focus, the sector has sufficient dry powder to sustain this pace led by  burgeoning underlying demand from end-user industries, outsourcing opportunity from the West, and emerging export and import substitution opportunities due to the clampdown on chemicals manufacturing in China. 

"While these drivers create a conducive environment for the entire chemicals universe, we argue specialty chemicals players –owing to strong entry barriers and high growth visibility (10–15% end-user industry growth) – are poised to benefit the most. Moreover, the industry has, in order to capture the promising potential, prudently increased capex by 60%-plus cumulatively over FY19–21 versus FY16–18, which we believe would pay rich dividends," it said.

 However, current valuations seem to be factoring in strong optimism and turning a blind eye to potential risks (hazardous nature, tightening environmental norms, etc) inherent to industry like chemicals. Though it is structurally positive on the sector, the brokerage remains cognizant of its frothy valuations and await a better price opportunity. 

"Valuation concerns underpin our ‘HOLD’ recommendation on Aarti Industries. Despite the pick-up in the global agrochemicals market, we are downgrading PI Industries and SRF to ‘HOLD’ primarily due to their sharp run-up recently. We are also initiating coverage on: a) Galaxy Surfactants with ‘BUY’ as we see exaggerated short-term concerns undermining its strong business model; and b) Fine Organics with ‘HOLD’ due to the rally in its shares. We have also featured SH Kelkar and Vinati Organics in this report," it said.

12:50 pm PFC share:
(Zee Business TV experts panel stock recommendations) Stock market expert Rohit Singre said that this may go up to Rs 139 and he recommended stop loss at Rs 132. The share is trading at RS 134.00, up 1.90%.

12:30 pm: Nifty 50 (BUY on dip)
(Zee Business experts panel stock recommendations) Market expert Simi Bhaumik said that Nifty 50 is range bound between 11,650 and 11,850. The investors should buy Nifty 50 on dips, she said.

12:10 pm: Bharti Airtel and Vodafone Idea shares (outlook)
Brokerage Edelweiss said once the impact of the minimum ARPU plans fades out, Bharti Airtel and Idea would need to ramp up 4G subscriber additions to sustain their revenue market share. We believe that with RJIO likely reaching its ‘targeted’ 400 million subscriber base in Q4FY20, prices would begin to move up. At current levels, Bharti Airtel is trading at 7.3x FY21 EV/EBITDA; maintain ‘BUY/SO’ with a target price of Rs 406. Vodafone Idea is trading at 11.7x FY21E EV/EBITDA; maintain ‘HOLD/SP’ with a target price of Rs 15, it said.

12:05 pm: Hindustan Zinc and Vedanta shares outlook

Brokerage Edelweiss reiterates its view that LME zinc (Zn) prices are trending down to $2,350–2,450/tonne through FY21E from $2,750/t in FY19. 
Key points here are -- 
1. China’s zinc production in May rose for the first time since June 2018. 2) Zinc inventory piled up at both the LME and the SHFE amid weak demand. 
3. Zinc treatment charges (TC) in China have gone up, reflecting expectations of higher supply.  

"Going forward, we believe that the zinc market might slip into surplus as production grows at Vedanta, MMG, and Glencore, which would keep LME Zn price subdued. This would likely lead to muted EBITDA growth at Vedanta (and HZL) despite operating leverage benefits. Maintain ‘HOLD’ on Hindustan Zinc (TP: Rs 255; exit multiple 13.6x FY21E EPS) and Vedanta (TP: INR175; exit multiple 3.9x FY21E EBITDA)," the brokerage said.

11:30 pm: HPCL share:
(Zee Business experts panel stock recommendations) An expert said this said she is positive about the oil marketing companies, as now elections are over and these companies will be able to pass on the rising crude oil prices in the international markets. However, this space is still very volatile. The expert was positive on HPCL.

 

11:15 am: Reliance Communication:
(Zee Business experts panel stock recommendations) An expert said that the investors should exit from the stock, as the share has fallen continuously for over a year. There is not much prospect of witnessing fresh momentum in this stock, the expert said. The share is now trading at 1.15, down 4.96%.The investors should invest in good quality mid-cap stocks, he said.

 

(Zee Business experts panel stock recommendations)  Market expert Simi Bhaumick recommended BUY on Vedanta at current market price. The share is now trading at Rs 170.35, a rise of 1.10%. She advised to keep the stop loss at Rs 169 and the target at Rs 175.