In the result season that has just begun, few hits and misses were seen so far. The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month April 2016 series to May 2016 series. The near month April 2016 derivatives contract expires on Thursday, 28 April 2016. On the political front, the second part of the budget session of Parliament will commence on Monday, 25 April 2016, after a month long recess and will conclude on 13 May 2016, during which government hopes to receive support of opposition parties in the passage of key legislations including the Goods & Services Tax (GST) Bill. Macroeconomic data, next batch of Q4 results of India Inc., policy decisions by the US Federal Reserve and Bank of Japan, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of the rupee against the dollar and crude oil price movement will dictate trend on the bars in the near term.

Stock markets globally remained positive on the back of a surge in commodity prices reflecting Chinese policy makers stimulus in the economy would boost demand. Also with the firmness in the crude prices, odds of a hike in interest rates have risen recently by the U.S. Federal Reserve this year as the rise in the cost of fuel is expected to stoke inflation. On the flip side, European stock markets got spooked after the European Central Bank (ECB) held its key interest rates unchanged and following a slew of disappointing earnings. Stock markets globally remained positive on the back of a surge in commodity prices reflecting Chinese policy makers stimulus in the economy would boost stock markets globally remained positive on the back of a surge in commodity prices reflecting Chinese policy makers stimulus in the economy would boost.

On the commodity market front, big swings were witnessed in commodity prices and almost all the commodities closed up. CRB closed above 180. A series of improving data from China since the start of the year, including industrial output, property and lending amid fall in the dollar index lifted the sentiments in the commodities. In this week bullion counter is expected to get influenced by the FOMC meeting on Wednesday, movement of the greenback, SPDR holding and ECB concerns regarding Euro zone economy. In base metal counter, aluminium and zinc may continue to head higher while other base metals may trade in a range. The week is full of events, which may give high fluctuations in commodity prices. Some of the events are Durable Goods Orders, Consumer Confidence, FOMC Rate Decision, GDP of US, CPI of Australia, GDP of UK, BOJ Policy Rate, Reserve Bank of New Zealand Rate Decision, Unemployment Rate of Germany, CPI of Euro zone, GDP of Canada, China Manufacturing PMI etc.

Stocks to watch: Navneet Education is on the upside while ITC is on the downside.

#NIVEZA #SHARE #MARKET #NEWS fot #NHPC::
The offer for sale by NHPC reasonably received better response from the investors. Life Insurance Corporation (LIC) could be the major contributor behind the sale. The current Government holdings in NHPC is nearly 86% which would come to 74.6% after the issue. Looking at the dividend payout ratio of NHPC, which is % in FY15, it is fairly clear that it could be better dividend play rather appreciation expectations. Lead bankers for NHPC Offer for Sale are Edelweiss Securities, HSBC Securities and Capital Markets and IDFC Securities. Alone LIC had subscribed around 41% of NHPC's OFS.

#NIVEZA #SHARE #MARKET #TIPS::

DD Freedish: Is it a threat to DTH players such as Dish TV, Tata Sky, Videocn and Airtel?

Recently after BARC started giving ratings on weekly basis for FTA channels, media sector stocks again were in news and what could be the impact of Freedish on existing players in the industry was the question raised.
Most the the market experts and advisors term Dish TV as their share market tip for investment in this space.
We will just look at pros and cons of Freedish.
What is Freedish:
Freedish was launched in 2004, after Dish TV launched in 2003. It is operated by Doordarshan or Prasar Bharati. The entire package of Freedish costs just INR 500­1000, it includes Dish antena, set top box and remote. There is no monthly subscription after the installment, as all the channels are free to use once the dish and set top box is in place.
The current capacity is increased to 80 channels from 64. These are all FTA channels (Free To Air). It has been recently allocated another transponder GSAT15, hence the no of channels can increase upto 250 in upcoming years. The company also gets 65­70 FTA channels from Dish Lanka. Unlike other DTH players, the freedish cannot provide Pay Tv channels and hence their consumers can't get these channels by using it.
Some of the current channels on Freedish platform includes DD National and other all DD channels, B4U Movies, Wow Cinema, India News, IBN 7, Sony Mix, Rishtey, B4U Music, ABP News, 9xm etc.
hat is revenue source and how many subscribers:
Private DTH players are highly dependent on monthly subscription revenue. For Freedish, there is no monthly subscription revenue concept as it only broadcasts Free To Air channels. For Channels to be on the Freedish platform, they have to pay certain fees. Freedish holds auction once in a while for empty slot depeding on
expiry of the slot. In recent concluded auction, the company opened slot for 'Fakt Marathi' and 'Chitrapat Marathi'. The reserve price for regional channels was fixed at INR 20 mn while for Hindi GEC it was INR 43 mn. Going ahead, when doordarshan shifts from MPEG­2 STB's to encrypted MPEG­4 STB's, Freedish will have option to launch subscription model. The company can show few channels as FTA and some channels are on pay basis.
On subscribers front, the Freedish has approximately 18­20 mn of gross subscribers compared to 21 mn of Dish TV. Dish Tv is a market leader in the segment with highest subscriber base. Videocon has approximately 15 mn, while Airtel has approximately 16.5 mn gross subscribers. On net subscribers basis, Freedish has 13­14 mn, Videocon has 11.3 mn, Dish TV has 14 mn, Tata Sky has around 10­11 mn, Airtel 11 mn.
BARC (Broadcast Audience Research Council) has recently started doing weekly rural viewership data. With this rollout, Hindi GEC genre has seen a major shift towards FTA channels. Rural population for not tapped till now in ratings and henceforth will contribute in it as a major source. At the moment, effective ad rates for 10 secods are 10­15 times lesser for FTA channels compared to Pay channels because of viewership figures recorded earlier. Going ahead becaue of improved figures of FTA channels from rural regions, these channels will get higher rates compared to earlier rates.
Freedish: Is it a threat to current DTH players such as Dish TV, Tata Sky, Videocon, Airtel??
Freedish is a kind of product which will be popular in especially lower income groups and in rural areas. In urbal cities and population, consumers prefer to watch pay channels where there is more scope of entrtainment than on FTA channels. Hence from existing subscribers point of view, there is very less chance that they will shift from pay channels to FTA channesl. But the market itself for FTA channel and target population will be diffrent and would keep increasing in coming years.
At the moment the oldest player in the industry is Dish TV. The stock has become a multi bagger in last tow years. Dish TV has given returns of more than 200% in last 2­3 years. Since it is the only listed company in this space, Dish TV is the best stock for investment in DTH space at the moment. Dish TV enjoys market leadership with 21 mn gross and around 14 mn of net subscribers. The comapany has turned profitable and margins have improved over the years. Dish TV has highest nuber of channels at the moment, this no is approximatly 415 linear and 50 HD channels. Dish TV has always been on radar of most of the fund managers and stock market advisors since last 2­3 years. Hence as of now it looks the stock to buy in the media – DTH
space and should give good returns for the investors in coming quarters.

#SHARE #MARKET #NEWS for #EICHER #MOTORS ::
One of the leading manufacturers of commercial vehicle, Eicher Motors is delivering the positive results successfully throughout. Expectations are too high from the company as the sales data is highly positive and as per the data revenues are expected to jump nearly by more than 50 percent. Export volumes are picking up significantly as the company has entered into Thailand and Jarkata market in December. Reports showing the commercial vehicle volume has spiked more than 43 percent year on year. This is one of the ever green multibagger stock which occupy some space in the portfolio with long term vision.