CapitalStars Investment Adviser:SEBI Registration Number: INA000001647: February 2015

TOP CORPORATE NEWS-28 FEB 2015

·Budget announces bank to fund small entrepreneurs
India will set up a bank to facilitate funding for the small entrepreneurs that make up the backbone of the country's economy, Finance Minister Arun Jaitley said in his budget speech on Saturday.
The MUDRA Bank will refinance microfinance institutions under a Prime Ministerial scheme, he said, allocating Rs200 billion ($3.24 billion) to the plan.

·India to cut corporate tax to 25% over 4 years
India will reduce tax on businesses to 25% over 4 years from a current 30%, with a view to boosting spending and job creation, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.

·FM: India to meet fiscal deficit target this year
India will meet a 'challenging' fiscal deficit target of 4.1% of its gross domestic product ( GDP) in the year to March 31, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.

·India to spend $40 billion on defence in 2015-16
India plans to spend Rs2.46 trillion ($40 billion) on the defence sector in 2015-16, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.

·Bhushan Steel enters into sale & lease back arrangements
Bhushan Steel Ltd has entered into sale & lease back arrangements of its Oxygen plants situated at Company's Steel Division, Meramandali Orissa to ease out stress in Cash flow- positive for the stock

·Mahindra CIE to close a forging facility in Europe
Mahindra CIE has decided to close one of its forging facility in Europe i.e. Jeco-Jellinghaus GMBH based in north west Germany. The machines and equipment would be shifted to other locations in a phased manner. The closure will impact 160 employees. The company would be taking a one-time restructuring cost during the year.

·NBCC signs MoU with DDA
National Buildings Construction Corporation ( NBCC) signed MOU with DDA for development of 'East Delhi Hub' at Karkardooma. The East Delhi Hub, mega project of Delhi will be developed on 30 hectare land and it would be the first project based on Transit Oriented Development (TOD) norms and Smart City features.

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Live Market Updates: HPCL, BPCL down 1-2% on Budget day; Sensex, Nifty stable

The Sensex is up 230.54 points or 0.8 percent at 29450.66 and the Nifty is up 61.90 points or 0.7 percent at 8906.50. About 1339 shares have advanced, 698 shares declined, and 165 shares are unchanged.

Oil marketing companies (OMCs) are under pressure. CLSA sees the Budget to be negative for refiners as every 1 percent increase in duty will pull down gross refining margins by USD 0.3 per barrel. Both HPCL and BPCL are down 1-2 percent.

Brent is up around 15 percent this month from January's close of USD 52.99, on course for its biggest monthly gain since May 2009.

INDIAN EQUITY MARKET OUTLOOK-28 FEB 2015

INDIAN BENCHMARKS are likely to open on a positive note ahead of long awaited Union Budget which will be presented by Finance Minister Arun Jaitley.

Events for the day:

Union Budget 2015

Headlines for the day:

Alstom makes country's first 800kV converter transformer.

Amitabh Bachchan raises stake in Fineotex Chemicals to 5.58 pc.

Coffee's hot as IPO could value Cafe Coffee Day at $1 billion.

Trend in FII flows: The FIIs were net buyers of Rs 1957.10 cr in the cash segment on Friday while the DIIs were net sellers of Rs. -491.93 cr, as per the provisional figures released by the NSE.

INDIAN EQUITY MARKET WRAP UP-27 FEB 2015

INDIAN BENCHMARKS rise nearly 2 pct ahead of federal budget

INDIAN EQUITY BENCHMARKS rose nearly 2 percent their best single-day advance in six weeks, as blue chips rallied on hopes the government would deliver a budget that increases public investment but sticks broadly to its fiscal deficit targets. The S&P BSE Sensex and CNX Nifty ended 1.65%-1.85% higher each.

·   Railway Budget 2015-16: On the right track for a long journey

·   S&P raises India’s GDP growth forecast to 7.9%

·   January gold imports jump 55% to 57.2 tons (YoY)

·   Economic Survey - Growth to top 8% in 2015-16

The crucial resistance for Nifty is now seen at 8905 and above this 8955. Support for the immediate term is now placed at 8810 and next support will be 8765.

TOP CORPORATE NEWS-27 FEB 2015

·Sadbhav Engineering bags Rs459 crore NHAI project
Sadbhav Engineering has won the bid for a NHAI project worth Rs459 crore for four-laning a section of National Highway-65 (NH) in Haryana.Four-laning of Ambala-Kaithal section from 56.860 kms to 95.360 kms (length 44.50 kms) in the state of Haryana of NH-65 with paved shoulder under National Highway Development Project (NHDP) on EPC mode.The quoted price is Rs459 crore and the construction period is 2.5 years with a maintenance period of four years.

·Garware Polyester redeems CRPS as OTS
Garware Polyester announced that the company has redeemed 54,46,000-0.01% cumulative redeemable preference shares ( CRPS) of Rs100 each aggregating to Rs54.46 crore issued and allotted to IDBI Bank by paying Rs40 crore as One Time Settlement ( OTS) in full and final payment of the said CRPS.

·Govt plans to hike public investment to drive growth
India can increase public investment to drive growth without borrowing more, a key government report said on Friday, in an indication that Finance Minister Arun Jaitley will stick to debt targets in his maiden full-year budget on Saturday. The economic survey, the basis for Jaitley's budget for the fiscal year starting April 1, forecast the economy would grow by 8.1-8.5% under a new calculation method that makes India the world's top-growing big economy.

·India can boost investments, hit borrowing targets
India can increase public investments and still hit its borrowing targets, a finance ministry report said on Friday, in an indication that Finance Minister Arun Jaitley will stick to debt targets in his maiden full-year budget on Saturday. The government should meet its medium-term target of lowering the fiscal deficit to 3% of gross domestic product ( GDP), the economic report said.

·Glenmark to set up new injectable plant in US
Glenmark Pharma is gearing up set up a new injectable facility in US. The new manufacturing facility will be added to the plant at Monroe in North Carolina, the construction of which was started in August 2014. The total investment is expected at Rs160 crore ($26 million).

·DLF promoters ask to pay penalty of Rs85 crore by SEBI
DLF promoters asked to pay penalty of Rs85 crore by SEBI for violation of disclosure guidelines for not disclosing certain material information and facts in its IPO document – negative for DLF (though the company would contest the decision in tribunal).

·State Bank of India gets shareholders nod for raising Rs15,000 cr
State Bank of India (SBI) has received shareholders' approval for raising Rs15,000 crore through a public offer, including a rights issue, to fund business and meet global capital adequacy norms.
The capital raising could happen either in March 2015 or Q1FY16 (as per media reports) and is subject to condition that governments holding in bank does not fall below 52%.

·C Mahendra announces launch of "Eight in One" jewellery concept
C Mahendra Exports announced the launch of a revolutionary 'Eight in One' detachable jewellery concept to the market. The Group will be launching new product range via its retail stores and online presence that form part of Ciemme Jewels, which is a subsidiary of C Mahendra Exports. The launch of the niche jewellery products allows the Group to reinforce its presence as an innovator and pioneer in high-end and exotic diamond jewellery.

Sensex, Nifty open strong on Mar series; eyes on Eco survey

The market has opened March series on a positive note. The Nifty is up 45.65 points at 8729.50. The Sensex is up 202.12 points or 0.7 percent at 28948.77. About 375 shares have advanced, 120 shares declined, and 110 shares are unchanged.

Tata Power, L&T, Tata Motors, Sesa Sterlite and SBI are top gainers whle NTPC, ITC and TCS are among the losers in the Sensex.
The Indian rupee opened lower by 11 paise at 61.86 per dollar on Friday against previous day's closing value of 61.75 a dollar.

INDIAN EQUITY MARKET OUTLOOK-27 FEB 2015

INDIAN BENCHMARKS are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 34 points higher.

Events for the day:

Bloomberg Feb. India Economic Survey

Fiscal Deficit INR Crore

Headlines for the day:

BEL-Rolta consortium bags defence contract worth Rs50,000 cr

Bharti Airtel raises Rs1,925 cr from stake sale in tower unit

Power Grid seeks $500 million loan from World Bank

Trend in FII flows: The FIIs were net buyers of Rs 2312.15 cr in the cash segment on Thursday while the DIIs were net buyers of Rs. 340.79 cr, as per the provisional figures released by the NSE.

CS ROCKING PERFORMANCE OF THE DAY-26 FEB 2015

STOCK FUTURES:
FUTURES INTRADAY
CENTURY TEXTILE FUTURES BUY CALL 2 TGT (BOOKED AT 506.85)
SIEMENS FUTURES BUY CALL 2 TGT
HDFC FUTURES BUY CALL 2 TGT
BATA INDIA FUTURES SELL CALL 1 TGT

NIFTY FUTURES:
NIFTY FUTURES SELL CALL 2 TGT (BOOKED AT 8671.15)

OPTION:
HDFC 1340 BUY CALL 3 TGT

STOCK CASH:

STOCK CASH INTRADAY:
TATAELXSI BUY CALL 2 TGT
SUNPHARMA FOOD SELL CALL 2 TGT
SINTEX BUY CALL 1 TGT
COX & KINGS SELL CALL 1 TGT
GEOMETRIC LTD SELL CALL 1 TGT (BOOKED AT 137.50)
LUPIN LTD BUY CALL COST EXIT
TATAELXSI BUY CALL SL TRIGERRED

INDIAN EQUITY MARKET WRAP UP-26 FEB 2015

INDIAN BENCHMARKS fall nearly 1 pct on profit-taking, derivatives expiry

INDIAN EQUITY BENCHMARKS fell 1% led by profit-taking in software stocks such as Infosys Ltd, while caution also prevailed on expiry of derivative contracts and federal budget on Saturday. The S&P BSE Sensex and CNX Nifty ended 0.90%-0.95% higher each

·   Initial reaction to Rail Budget: Big on vision but lacks specifics

·   Freight rates hiked for coal, cement, iron & steel

·   Suresh Prabhu Presents Rail Budget 2015

The crucial resistance for Nifty is now seen at 8775 and above this 8850. Support for the immediate term is now placed at 8665 and next support will be 8625.

TOP CORPORATE NEWS-26 FEB 2015

·RBI permits overdrafts to be treated as priority sector advances
RBI decided that overdrafts extended by banks upto Rs 5,000 in Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts will be eligible for classification under priority sector advances (‘others’ category) as also weaker sections, provided the borrowers household annual income does not exceed Rs60,000 for rural areas and Rs1,20,000 for non-rural areas.

·Glenmark gets USFDA nod to sell generic blood pressure drug
Glenmark Pharmaceuticals today announced receipt of approval from the US health regulator to sell its generic version of AbbVie Inc's blood pressure drug Tarka in the American market.
The approval for trandol april and verapamil hydrochloride extended release tablets has been granted to Glenmark Generics Inc, a subsidiary of Glenmark Generics Ltd.

·DLF's sales booking to cross Rs3000 crore this fiscal
DLF's sales bookings will cross Rs3,000 crore this fiscal helped by better sales during this quarter in its two housing projects at Gurgaon. It has done sales bookings of about Rs1,900 crore in the first nine months of this fiscal.

·Cabinet approves implementation of 15,000 MW for solar projects
The Cabinet approved for implementation of the scheme for setting up of 15,000 MW of grid-connected solar photo voltaic power projects under the National Solar Mission, which will be executed by NTPC.
As these capacities would be grid-connected, it could add to the demand for green transmission corridor; hence positive for T&D EPC players like Kalpataru power & KEC International.

·Dr Reddy’s labs: US seeks information on drug pricing mechanism
Dr Reddy’s labs: US legal authorities seek information on drug pricing mechanism (sentimentally negative).Attorney Generals of Texas and California have separately sought information on pricing of some drugs sold by Dr Reddy's Laboratories in the US, according to the latest filing for the drug maker with SEC.

·RBI technical committee moots rate cut post budget
RBI technical committee moots rate cut post budget – sentimentally positive for banks and NBFCs. RBI's seven member technical advisory committee has advised for a rate cut post Budget. While 4 members suggested status quo on rates, 3 members recommended a reduction in policy repo rate (and one of members recommended 75 bps cut in repo rate).

·Government to cut annual fertiliser subsidy to Rs70000 crore
As per media reports government is likely to cut its annual fertiliser subsidy to around Rs70000 crore (4% lower than previous year) in budget proposals for FY15-16.View: This will not impact the financials of the companies as the International price of fertilizer are already trading on the lower side.

·Impact of Budget on Railway Stocks
The impact of Budget on Railway Stocks announced today (February 26, 2015) are as follows: Rail Stocks Gainers: Hind Rectifiers up 6.87%, Kernex up 4.94%, Bartronics up 3.61% Titagarh Wagons up 2.90%, BEML up 2%, IVRCL Infra up 1.70%.Rail Stocks Losers: Stone India down 1.83%, GDL down 0.78%, Kallindee down 0.64%.

Sensex, Nifty flat; rail stcks dip ahead of Prabhu's speech

The Sensex is up 27.01 points or at 29035.00 and the Nifty is up 11.75 points at 8779.00. About 371 shares have advanced, 126 shares declined, and 111 shares are unchanged.

Sesa Sterlite, NTPC, ICICI Bank, ONGC and GAIL are top gainers while Infosys, BHEL, Tata Power, Coal India and Dr Reddy's Labs are among the losers in the Sensex.

All rail stocks are under pressure as Suresh Prabhu prepares to read out Railway Budget at 12 pm today.

The Indian rupee opened marginally higher at 61.93 per dollar on Thursday against previous day's closing value of 61.97 a dollar.

INDIAN EQUITY MARKET OUTLOOK-26 FEB 2015

INDIAN BENCHMARKS are likely to open on a cautious note as the global cues look slightly unsupportive with SGX Nifty trading 3 points lower.

Headlines for the day:

·   IFCI declares 10% interim dividend

·   Bharti Airtel selling up to $415 million in shares of tower unit

·   Jet Airways lowers its fare on international routes

·   DLF's sales booking to cross Rs3,000 cr this fiscal

Trend in FII flows: The FIIs were net buyers of Rs 516.06 cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 19.70 cr, as per the provisional figures released by the NSE.

TOP CORPORATE NEWS-25 FEB 2015

·Budget 2015: Better Tax laws is all one needs
Finance Minister Arun Jaitley is set to deliver his first full Budget which can create history for Indian economy. India’s tax regime has been characterized as complicated, short sighted and fickle. Tax rates change and new taxes are levied almost every new year. This year, the finance minister must simplify the tax code and lay down a broad framework of tax policies that will endure for 5-10 years.

·Budget 2015: All eyes on Investment in Infra and execution of GST
Finance Minister Arun Jaitley is set to deliver his first full Budget which can create history for Indian economy.The government expenditure must be directed towards long-term growth-generating avenues such as roads, railways, and ports development and affordable housing. Government expects investment to the tune of $250bn in the power sector.

·SpiceJet surges on clearing tax dues post stake buy
Shares of debt ridden carrier SpiceJet surged 5% to Rs25.30 on BSE on reports of clearing tax dues post stake buy.SpiceJet cleared all tax dues of Rs100 crore a day after the company received its first tranche of investment of Rs400crore from Mr. Ajay Singh (for stake buy of 58.46% from Kalanithi Maran) – sentimentally positive for SpiceJet.

·Metal shares gain post Chinese economic data
Metal & Mining companies rose, after the data showed that China's flash HSBC PMI index rose to 50.1 in February 2015 compared with a final reading of 49.7 in January 2015. The preliminary HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to 50.1 in February 2014 compared with a final reading of 49.7 in January 2015, HSBC Holdings PLC said today, (February 25, 2015).

·Jubilant Food Works rises on tie up with Indian Railways
Shares of Jubilant Food Works, which operates the Domino's Pizza brand in India, have climbed 3% to Rs1714 on the BSE after the company declared that it has tied up with Indian railways to deliver pizzas to the passengers. The stock opened at Rs1676.90, touched a high of Rs1719 and a low of Rs1668 intra-day.

·Asian Paints gains on investment plans in new plant
Asian Paints' rose over 1%, touching to Rs812, after the company said it is exploring the possibilities of setting up of a paint manufacturing plant in the southern states of the country.

·Central Bank may review priority sector norms
As per media reports, RBI is set to revise the priority sector lending norms in order to make the targets more achievable for banks. A formal announcement on the issue will be made by Finance Minister during the Budget speech. This would be positive for banking sectors especially private banks (Yes Bank, ICICI bank, Axis Bank etc) as they find relatively difficult to meet PSL norms.

·Government faces stiff opposition on Land Bill
Government face stiff opposition on Land Acquisition ordinance – Sentimentally negative for Infrastructure sector.The government came under fire from opposition over land acquisition ordinance. The finance ministry assured that the government would consult all parties on sensitive issues.

Nifty holds 8800, Midcap gains too; HDFC, RIL, ONGC lead

The Nifty holding 8800-mark supported by banking & financials, oil & gas and metals stocks.

The 30-share BSE Sensex rose 167.87 points to 29172.53 and the 50-share NSE Nifty climbed 51.10 points to 8813.20. The BSE Midcap and Smallcap indices gained half a percent too.

About 1261 shares have advanced, 752 shares declined, and 176 shares are unchanged on the BSE.

Shares of HDFC, Reliance Industries, ONGC, Mahindra & Mahindra and Sesa Sterlite topped the buying list, up 1.5-2 percent. Infosys, ICICI Bank and Tata Motors gained 1 percent each. However, ITC, L&T, Sun Pharma, HUL and Hero Motocorp saw marginal loss.

INDIAN EQUITY MARKET OUTLOOK-25 FEB 2015

INDIAN BENCHMARKS edged higher as investors churn portfolio in favour of defensive stocks such as ITC Ltd on caution ahead of an event-heavy week. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.08% higher each.

Headlines for the day:

·   HOEC soars on stake buy reports

·   Rail shares plunge ahead of Budget 2015

·   Indian hotel industry revenues to grow by 9-11% in FY2016

Trend in FII flows: The FIIs were net buyers of Rs 697.28 cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. -146.98 cr, as per the provisional figures released by the NSE.

CS ROCKING PERFORMANCE OF THE DAY-24 FEB 2015

STOCK FUTURES:

FUTURES INTRADAY
WOCK PHARMA FUTURES BUY CALL 3 TGT
WOCK PHARMA FUTURES BUY 2ND CALL 2 TGT
TVS MOTORS FUTURES SELL CALL 2 TGT

NIFTY FUTURES:
NIFTY FUTURES BUY SL TRIGERRED

OPTION:
ADANIENT FEB BUY 690 CALL 3 TGT

STOCK CASH:

STOCK CASH INTRADAY:
ITD CEM BUY CALL 3 TGT
SUN TV BUY CALL 2 TGT
INFINITE COMPUTERS BUY CALL 2 TGT
JUBILLANT FOOD BUY CALL 2 TGT (BOOKED AT 1672.95)
JUBILLANT LIFE SCIENCES BUY CALL 1 TGT
WOCK PHARMA BUY CALL 1 TGT
WOCK PHARMA 2ND BUY CALL 1 TGT

STOCK CASH PREMIUM:
ADANIENT BUY CALL 2 TGT

INDIAN EQUITY MARKET WRAP UP-24 FEB 2015

INDIAN BENCHMARKS edged higher; defensive stocks up

INDIAN EQUITY BENCHMARKS edged higher as investors churn portfolio in favor of defensive stocks such as ITC Ltd on caution ahead of an event-heavy week. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.08% higher each.

·    HOEC soars on stake buy reports

·    Rail shares plunge ahead of Budget 2015

·    Indian hotel industry revenues to grow by 9-11% in FY2016

The crucial resistance for Nifty is now seen at 8845 and above this 8895. Support for the immediate term is now placed at 8695 and next support will be 8615.

TOP CORPORATE NEWS-24 FEB 2015

·Pokarna receives Greenguard and Greenguard Gold Certification
Pokarna announced that its 100% subsidiary, 'Pokarna Engineered Stone' products have received Greenguard and Greenguard Gold Certification from UL Environment, a division of UL (Underwriters Laboratories), the global safety science leader. PESL is the first Indian Quartz surfaces manufacturer to have Greenguard and Greenguard Gold Certification.

·Piramal plans to invest $800 mn in realty projects
Piramal Fund Management Ltd, a unit of Piramal Enterprises Ltd, will invest up to Rs5000 crore ($803 million) before March 2016 to finance construction projects.
The fund manager said on Tuesday it would invest Rs1100 crore to finance nine construction projects across major Indian cities.

·Budget 2015: To announce incentives for medical devices sector
After relaxing FDI policy for medical devices sector, the government is expected to announce an incentive package, including tax benefits, in the forthcoming Budget for domestic manufacturers.
In its Budget proposals, the Commerce and Industry Ministry has suggested to Finance Minister Arun Jaitley to increase import duty on medical devices product, including syringes and pacemaker.

·Indian hotel industry revenues to grow by 9-11% in FY2016
ICRA: The Indian hotel industry revenues are expected to grow by 9-11% in FY2016 (driven by 5-8% growth in occupancy and 3-4% growth in the room rentals), the growth is expected to be 5-8% - positive read through for Indian Hotels, Taj GVK and ITC’s hotel business.

·Sumeet Inds to set-up 10.5 MW Wind Power Plant; stk up
Sumeet Industries rose over 10%, touching to Rs20.4, after the company said that it is going to setup 10.5 megawatts wind power plant. Sumeet Industries announced that the Company is going to setup 10.5 MW (5 nos. of Turbine of 2.1 MW each) Wind Power Plant at a Capital Cost of Rs77.51 crore and for the said project IDBI Bank has sanctioned Rs57.75 crore.

·ABB India marks sales of 1Gw of solar inverters
ABB India today became the first company to reach sales of a cumulative capacity of 1Gw solar inverters. This was marked with the roll out of an order for Tata Power Solar's project for Kiran Energy Solar Power at its manufacturing facility at Nelamangala, about 45 kms from here.ABB India commenced local manufacturing of solar inverters in 2012 and partnered with several customers, the company said at a function, here today.

·Ashok Leyland promoters release pledge on 26.4 crore shares
Ashok Leyland promoters have released pledge on 26.4crore (9.28% of equity) shares. The number of pledged shares now stands at 21crore (7.36% of equity). Sentimentally positive for the stock.

·Infosys gains on fresh investment plans
As per media reports, Infosys is about to make its second
startup investment this year, in a firm that makes air quality detectors as India's second-biggest software company doubles down on identifying next generation technologies under the new CEO Vishal Sikka.

Sensex, Nifty firm; Coal India, L&T, Wipro early gainers

The Sensex is down 8.35 pointsat 28966.7 and the Nifty is up 1.60 points at 8756.55. About 503 shares have advanced, 208 shares declined, and 122 shares are unchanged.

Tata Power, Coal India, Hindalco, L&T and Wipro are top gainers in the Sensex. Among the losers are Sesa Sterlite, HDFC, Bharti, SBI and Dr Reddy's Labs.

The Indian rupee has opened higher at 62.25 per dollar against previous day's closing value of 62.32 a dollar.

INDIAN EQUITY MARKET OUTLOOK-24 FEB 2015

INDIAN BENCHMARKS are likely to open on a cautious note as the global cues look slightly supportive with SGX Nifty trading 12.50 points higher.

Headlines for the day:

Maruti launches refreshed Dzire with enhanced fuel economy

Zee Media gets Sebi's nod for Rs200 cr rights issue

Edelweiss NBFC arm's Rs800-cr NCD issue to open on Feb 26

Trend in FII flows: The FIIs were net buyers of Rs 601.91 cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. -163.79 cr, as per the provisional figures released by the NSE.

CS ROCKING PERFORMANCE OF THE DAY-23 FEB 2015

STOCK FUTURES:

FUTURES INTRADAY
HDIL FUTURES SELL CALL 3 TGT
WOCKPHARMA FUTURES BUY CALL 3 TGT
SEIMENS FUTURES BUY CALL 2 TGT
COLPAL FUTURES BUY CALL 2 TGT

PREMIUM FUTURES
APPOLLOTYRE FUTURES SELL CALL 2 TGT

OPTION:
TCS FEB BUY 2700 CALL 1 TGT (BOOKED AT 41.85)
NIFTY FEB 8800 PUT 1 TGT (BOOKED AT 97.80)

STOCK CASH:

STOCK CASH INTRADAY:
TATAELXSI BUY CALL 2 TGT
TEXRAIL BUY CALL 2 TGT (BOOKED AT 171)
MASTEK LTD BUY CALL 2 TGT (455.90)
INFINITE BUY CALL 1 TGT
CONCOR BUY CALL 1 TGT (BOOKED AT 1640)
WOCK PHARMA BUY CALL 1 TG (BOOKED AT 1540.80)

STOCK CASH PREMIUM:
TCS BUY CALL SL TRIGGERED

INDIAN EQUITY MARKET WRAP UP-23 FEB 2015

INDIAN BENCHMARKS fall for second straight session; blue chips drag

INDIAN EQUITY BENCHMARKS   fell for the second straight session on Monday, dragged down by heavyweights such as Reliance Industries and financial stocks, as caution prevailed ahead of the federal budget due on Feb 28. The S&P BSE Sensex and CNX Nifty ended 0.88%-0.89% lower each.

·   Tata Power inks MoU with Siberian Coal Energy

·   Lupin: USFDA issues adverse observation report

·   DLF drops 3% on stake sale reports

The crucial resistance for Nifty is now seen at 8835 and above this 8895. Support for the immediate term is now placed at 8695 and next support will be 8615.

TOP CORPORATE NEWS-23 FEB 2015

·RBI eases regulations for NBFCs
RBI has eased lending regulations for NBFCs by removing investor limits and the need for collateral guarantees on standard debt transactions.Henceforth the NBFCs would henceforth be able to conduct non-convertible transactions valued at Rs10 million or more unsecured, and such issuance would no longer be limited to 200 investors.This is positive for NBFCs like Bajaj Finance, LIC Housing, Shriram transport, Mahindra Finance etc.

·JBM Auto to invest Rs100 crore for capacity expansion
JBM Auto to invest Rs100 crore for capacity expansion in Tamil Nadu - positive for JBM Auto.The proposed investment would take up the capacity from 75,000 components to 100,000 a day. The products manufactured in these facilities include chassis and suspension systems; exhaust systems, welded assemblies, cross car beams and others.

·Ultratech wins Bicharpur coal block in Madhya Pradesh
Ultratech won underground coal block in Madhya Pradesh with total reserve of 29.12 million tonne. The coal block although beneficial considering rise in price of coal over the long term will only contribute minimally (0.75MTPA) considering the company’s annual coal requirement (over 8.5 MT). Hence it would not have significant impact on cement cost of production.

·GMR Infra arm plan to sell entire stake in Delhi Cargo Servicea
GMR Infrastructure has announced that Delhi International Airport (DIAL) a subsidiary of GMR Infrastructure on February 20, 2015 has entered into a definitive agreement to sell its entire stake of 26% of the equity capital of Delhi Cargo Service Centre which operates cargo operations at Delhi Airport.

·Monnet Ispat rallies on winning coal block in Chattisgarh
Shares of Monnet Ispat and Energy surged 16% to Rs64.40 on NSE on reports that the company has bagged one coal block in Chhattisgarh.The stock opened at Rs61.30 and touched high of Rs65.35 on NSE. Monnet Ispat was the highest bidder at Rs2,619 (per tonne) for Gare Palma IV/7 (coal mine),' Coal Secretary Anil Swarup tweeted.

·Lanco approaches lenders to reschedule Rs1000 crore debt
Lanco Group has approached lenders to reschedule Rs1,000 crore debt of two of its gas-based power plants in Andhra Pradesh till January 2018.
The company has also sought similar reprieve from lenders for some of its power plants under Reserve Bank of India's 5/25 formula.

·ITC to launch B Natural fruit juices in domestic markets soon
ITC to launch B Natural fruit juices in eastern, western markets soon – focus on building up fast the non cigarette FMCG product portfolio.
ITC Ltd, which recently forayed into the fruit juices with “B Natural” is been selling the product in the five southern States.

·Rajesh Exports secures Rs732 cr export order; stk gains
Shares of Rajesh Exports rose over 7%, touching to Rs181.25, after the company said it has secured an export order worth Rs732 crore of designer range of gold and diamond studded jewellery and medallions from A1 Malek Jewellery, UAE.

Nifty hovers around 8850; Midcap, Smallcap outperform

The market remained firm with the Nifty hovering around 8850. Private banks, FMCG, technology, metals and healthcare stocks while heavyweights like HDFC, Reliance Industries were under pressure.

The Sensex rose 71.45 points to 29302.86 and the Nifty advanced 17.75 points to 8851.35. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.4-0.6 percent.

Nearly two shares advanced for every share declining on the Bombay Stock Exchange.

Infosys, ICICI Bank, L&T, ITC, TCS, HDFC Bank, HUL, Wipro and Cipla gained 0.3-1 percent. GAIL, Bajaj Auto and Tata Steel fell more than 1 percent followed by HDFC and Reliance Industries with 0.4 percent loss.

INDIAN EQUITY MARKET OUTLOOK-23 FEB 2015

INDIAN BENCHMARKS are likely to open on a positive note as the global cues look slightly supportive with SGX Nifty trading 20.50 points higher.

Headlines for the day:

Lanco seeks restructuring of Rs1,000 cr loan of AP power plants

DLF to sell 50% stakes in 4 projs to PE firms for Rs3,000 cr

Airtel, BSNL to sign pan-India intra-circle roaming pact

Trend in FII flows: The FIIs were net sellers of Rs -89.41 cr in the cash segment on Friday while the DIIs were net buyers of Rs. 204.85 cr, as per the provisional figures released by the NSE.