Nifty likely to open flat, Stocks in the news: NCC, Infosys, Idea, M&M, Fortis

Indian Indices:
                    
                  The Nifty50 is expected to open flat on Friday following muted trend seen in other Asian markets. The index closed 121 points higher at 10,736 on Thursday. Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 4.5 points or 0.04 percent. Nifty futures were trading around 10,720.50- level on the Singaporean Exchange. The Indian economy grew 7.7 percent in January-March, the fastest in nearly two years, signaling quick turnaround aided by rapid construction activity, consumer spending and corporate investment.

Global Market:

• Asian markets- Japanese shares are higher today as the Nikkei 225 gains 0.27%. The stock markets in Hong Kong and Shanghai are closed at this time

• US Markets: The Dow Jones Industrial Average fell 251.94 points, or 1.02 percent, to 24,415.84, the S&P 500 lost 18.74 points, or 0.69 percent, to 2,705.27 and the Nasdaq Composite dropped 20.34 points, or 0.27 percent, to 7,442.12.

• European markets- European markets finished broadly lower on Thursday with shares in Germany leading the region. The DAX is down 1.40% while France's CAC 40 is off 0.53% and London's FTSE 100 is lower by 0.15%.

Capitalstars Financial Research pvt ltd

Major Headlines of the day:

• NCC: The firm has bagged a package of 3 Mumbai-Nagpur expressway contracts

• Idea Cellular: It has completed sale of standalone tower business to ATC Telecom Infra

• Fortis Healthcare: Fortis Healthcare International, wholly owned subsidiary of Fortis Healthcare sold off 18.2 million units of RHT Health Trust

• Bayer Cropsciences proposed to invest in the equity shares of Monsanto India

• Infosys extends alliance with Microsoft for cloud-based digital transformation solutions

• Shriram EPC - CIRP proceedings have been stayed by NCLT

• Mahindra signs MOUs with Government of Maharashtra for electric vehicle manufacture and deployment

• TCS rcognized as a leader in manufacturing supply chain execution by two IDC MarketScapes


Trend in FII flows:-  The FIIs were Net Value of Rs  -15.31 in the cash segment THURSDAY  while the DIIs were Net Value of Rs -266.02 as per the provisional figures.


TODAY ON EARNING FRONT:- 

Securities in Ban For Trade Date 18-MAY-2018 :-

1. NONE

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Nifty likely to open higher, Stocks in the news: ICICI Bank, ONGC, UltraTech, Vedanta

Indian Indices:
                         
                      The The Nifty50 is expected to open higher on Thursday following positive trend seen in other Asian markets. The index closed 18.95 points lower at 10,614 on Wednesday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 25 points or 0.24 percent. Nifty futures were trading around 10,656-level on the Singaporean Stock Exchange. The Nifty bounced back after hitting its 50-days DEMA placed at 10,562 on Wednesday to close above its crucial resistance level. The Nifty also witnessed a sharp recovery post 1pm; the index still closed in red but above its opening levels which made a bullish candle on the daily charts even though the Nifty closed nearly 19 points lower.

Global Market:

• Asian markets- Asian markets are broadly higher today with shares in China leading the region. The Shanghai Composite is up 1.05% while Hong Kong's Hang Seng is up 0.62% and Japan's Nikkei 225 is up 0.40%.

• US Markets: The Dow Jones Industrial Average rose 306.33 points, or 1.26 percent, to 24,667.78, the S&P 500 gained 34.15 points, or 1.27 percent, to 2,724.01, and the Nasdaq Composite added 65.86 points, or 0.89 percent, to 7,462.45

• European markets- European markets finished mixed as of the most recent closing prices. The DAX gained 0.93% and the FTSE 100 rose 0.75%. The CAC 40 lost 0.20%.

Capitalstars financial research pvt ltd

Major Headlines of the day:

• ICICI Bank-Videocon case: Bank calls for probe against Chanda Kochhar after another complaint

• Bhushan Steel: Firm reiterates that increase in share price or volume is purely due to market conditions.

• UltraTech Cement: The firm has received letter of intent from Binani Cement’s committee of creditors.

• ore and revenue was up 4% at Rs 78 crore

• Manpasand Beverages to begin its new facility in Khurda, Odisha

• Can Fin Homes board meeting on June 2 to consider fund raising funds by way of issue of equity shares through rights issue/ QIP / preferential issue to promoter.

• Granules India's US arm launches generic Methergine tablets.

• Blue Star expands range of water purifiers.

Trend in FII flows:-  The FIIs were Net Value of Rs  -1286.91 in the cash segment WEDNESDAY while the DIIs were Net Value of Rs 492.46 as per the provisional figures.


TODAY ON EARNING FRONT:-   BOMBAY POTTERIE, REIL ELECTRIC, HIMALAYA FOOD, BANARAS BEADS

Securities in Ban For Trade Date 31-MAY-2018 :- 

1. Balrampur Chini,
2. DHFL,
3. GMR Infra,
4. IDBI,
5. IDFC Bank,
6. JP Associates,
7. Just Dial and
8. Reliance Communications

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Nifty open below 10,600; Stocks in the news: ONGC, ICICI Bank, Glenmark Pharma, Fortis

Indian Indices: 
                   
                         The The Nifty50 is expected to open gap down on Wednesday following muted trend seen in other Asian markets. The index closed 55 points lower at 10,633 on Monday. The trend still remains on the upside as long as Nifty holds 10,700 on a closing basis, suggest experts. Being expiry week, large swings can be expected on either side; hence, traders are advised to trade with caution. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 80 points or 0.76 percent. Nifty futures were trading around 10,546-level on the Singaporean Stock Exchange.

Global Market:

• Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.79% while the Hang Seng is down 1.50%. The Shanghai Composite is not trading.

• US Markets: The Dow Jones Industrial Average fell 391.64 points, or 1.58 percent, to 24,361.45, the S&P 500 lost 31.47 points, or 1.16 percent, to 2,689.86 and the Nasdaq Composite dropped 37.26 points, or 0.5 percent, to 7,396.59.

• European markets- European markets finished sharply lower today with shares in Germany leading the region. The DAX is down 1.53% while France's CAC 40 is off 1.29% and London's FTSE 100 is lower by 1.26%.

Capitalstars financial research pvt ltd

Major Headlines of the day:

• Avenue Supermarts: Incorporates Reflect Wholesale and Retail on May 28, 2018.

• Fortis Healthcare: The firm has started fresh bidding process; Munjal-Burman's offer stands mutually terminated.

• Bank of Baroda: Looks to sell NPAs worth Rs 2,954.28 crore and has invited expression of interest by June 15.

• ICICI Bank: Appoints MD Mallya as an additional independent director on board w.e.f May 29.

• Wheels India: Q4 net at Rs 19.5 crore.

• Glenmark Pharma: Q4 net profit at Rs 151.6 crore and revenue at Rs 2,279.8 crore

• Dilip Buildcon Q4: Net profit at Rs 217.4 crore and revenue up 46% at Rs 2,557.9 crore

• Greenply Industries: Q4 net profit at Rs 32.6 crore

• Eveready Industries: Q4 net loss at Rs 16.2 crore

• Balmer Lawrie: Q4 net profit at Rs 87.9 crore


Trend in FII flows:-  The FIIs were Net Value of Rs  -407.33 in the cash segment TUESDAY while the DIIs were Net Value of Rs 578.38 as per the provisional figures.


TODAY ON EARNING FRONT:-   ONGC, SAIL, Canara Bank, BGR Energy, Fortis Healthcare, Bartronics India, Hindustan Copper, J&K Bank


Securities in Ban For Trade Date 30-MAY-2018 :-

1. Balrampur Chini,
2. DHFL,
3. IDBI,
4. Jet Airways,
5. JP Associates, and
6. Just Dial

for more update you can contact us :

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Nifty likely to open lower, Stocks in the news: BHEL, Vedanta, L&T, Jet Airways

Indian Indices: 
    
                      The Nifty50 is expected to open flat-to-negative on Tuesday following muted trend seen in other Asian markets. The index closed 83 points higher at 10,688 on Monday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27.50 points or 0.26 percent. Nifty futures were trading around 10,666.50-level on the Singaporean Stock Exchange.

Global Market:

• Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.05% while the Hang Seng is down 0.59%. The Shanghai Composite is not trading.

• US Markets: Across the US markets, the Dow Jones Industrial Average fell 58.67 points, or 0.24 percent, to 24,753.09, the S&P 500 lost 6.43 points, or 0.24 percent, to 2,721.33 and the Nasdaq Composite added 9.43 points, or 0.13 percent, to 7,433.85.

• European markets- European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.18%, while the CAC 40 led the DAX lower. They fell 0.61% and 0.58% respectively.

Capitalstars financial research pvt. ltd.

Major Headlines of the day:

• Larsen & Toubro: The company allotted 1.63 lakh shares to employees under ESOP scheme. Its Q4 profit up 5 percent YoY at Rs 3,167 crore.

• Rural Electrification Corporation: Q4 net profit down 37 percent on higher provisions.

• Piramal Enterprises: Q4 net up 21 percent at Rs 375 crore

• NTPC: Company's Q4 net profit jumps 41 percent to Rs 2,926 crore

• Oil India Q4: Net profit up 22.9 percent at Rs 866.5 crore and revenue was up 5.1 percent at Rs 2,998 crore

• NMDC Q4: Net profit at Rs 1,105.8 crore. Revenue was up 35 percent at Rs 3,883 crore.

• Uflex Q4: Net profit down 27.6 percent at Rs 71.1 crore and revenue up 12.2 percent at Rs 1,817.8 crore

• Aurobindo Pharma Q4: Net profit at Rs 528.5 crore and revenue at Rs 4,049.1 crore

• Mercator Q4: Net loss at Rs 85.2 crore and revenue was down 57 percent at Rs 192.2 crore

• DB Realty Q4: Net loss at Rs 82.3 crore and revenue at Rs 0.2 crore

• REC approves proposal for incorporation of a project specific SPV, as wholly owned subsidiary of REC Transmission Projects

• Wipro ties up with IIT-Bombay for fabricating formula electric

Trend in FII flows:-  The FIIs were Net Value of Rs  -795.06 in the cash segment MONDAY while the DIIs were Net Value of Rs 1017.65 as per the provisional figures.

TODAY ON EARNING FRONT:-   ORIENTAL CARBON, DILIP BUILDCON, SAGAR CEMENT, M&M, GODFRY PHILIPS, IPCA LABS, SIYARAM SILK, GLENMARK, PUNJAB CHEMICALS, SUNDARAM BRAKE, DECCAN CEMENT, BAJAJ HEALTHCARE, BPCL, ARROW GREEN TECH. DCM SHRIRAM, BHEL, MMTC, Dish TV, GATI SADBHAV

Securities in Ban For Trade Date 18-MAY-2018 :- 

1. BALRAMCHIN
2. DHFL
3. IDBI
4. JETAIRWAYS
5. JISLJALEQS
6. RCOM

for more update you can contact us :

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Nifty likely to open flat, Bank Of India, United Breweries, IDBI Bank, NTPC, BoB, Dr Reddy's Lab in new, NTPC, L&T earnings today

Nifty likely to open flat, Bank Of India, United Breweries, IDBI Bank, NTPC, BoB, Dr Reddy's Lab in new, NTPC, L&T earnings today

Indian Indices:  

                          

                     The Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 8 points or 0.08 percent. Nifty futures were trading around 10,647-level on the Singaporean Exchange. Nifty50 is expected to open flat-to-positive on Monday following positive trend seen in other Asian markets. The index closed 91 points higher at 10,605 on Friday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 8 points or 0.08 percent. Nifty futures were trading around 10,647-level on the Singaporean Exchange.

Capitalstars financial research pvt ltd.

Global Market:

• Asian markets- Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.02% while the Hang Seng is up 0.67%. The Shanghai Composite is not trading.

• US Markets: the Dow Jones Industrial Average fell 58.67 points, or 0.24 percent, to 24,753.09, the S&P 500 lost 6.43 points, or 0.24 percent, to 2,721.33 and the Nasdaq Composite added 9.43 points, or 0.13 percent, to 7,433.85. For the week, the Dow was up 0.2 percent, the S&P 500 was up 0.3 percent and the Nasdaq gained 1.1 percent.

• European markets- European markets finished mixed as of the most recent closing prices. The DAX gained 0.65% and the FTSE 100 rose 0.18%. The CAC 40 lost 0.11%.

Major Headlines of the day:

• Dr Reddy’s subsidiary company Promuis Pharma filed lawsuit for patent infringement in US court

• Punj Lloyd board meeting on May 30, 2018 to consider and approve a proposal to restructure              the  outstanding credit  facilities

• United Breweries: The firm launched AMSTEL Beer in its super premium strong beer category.

• IDBI Bank: The Board has initiated divestment of partial stake in IDBI AMC to a strategic                  investor.

• Jindal Saw: Neeraj Kumar reappointed as Group CEO and Wholetime Director of the company.

• Tech Mahindra reports Q4 profit beats estimates at Rs 1,222 crore.

• Sun Pharma Q4 profit up 7 percent YoY at Rs 1,309 crore, beats estimates.

• Adani Enterprises sells 51% stake in Adani Chendipada Mining

•

• DB Corp approved buyback proposal for an aggregate amount of up to Rs 312.80 crore

 TODAY ON EARNING FRONT:-   PIRAMAL ENTER, LUMAX, LARSEN, VADILAL, LUMAX AUTO TECH, FINOLEX, EIH ASSO HOTEL, SHILPA ASIAN HOTEL, KAMDHENU, OIL INDIA, COX&KINGS, MINDA CORP, NTPC, L&T, NMDC, ASSAM COMPANY, BAG FILMS, GRAVITA, KWALITY

Securities in Ban For Trade Date 28-MAY-2018 :-

1.  BEML

2.  DHFL

3.  IDBI

4.  JETAIRWAYS

5.  JISLJALEQS

6.  JUSTDIAL

RCOM

for more update you can contact us :

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NSE, MCX in merger talks, could submit proposal to Sebi; crucial for bulls in the coming week

NSE, MCX in merger talks, could submit proposal to Sebi; crucial for bulls in the coming week

The National Stock Exchange (NSE) and the Multi Commodity Exchange (MCX) entered into merger talks ahead of the implementation of the universal exchange framework in October, said a top official. The two entities are planning to approach market regulator Securities and Exchange Board of India (Sebi) as early as this month, according to the official.

Both the exchanges have readied a blueprint for the merger proposal which will be discussed with Sebi.Sources say NSE entered talks with the commodity bourse soon after the market regulator allowed exchanges to dabble both in the equities and commodities space. The decision was taken by the Sebi board at its December 2017 meet.

Capitalstars financial research pvt. ltd. 

Commodity space is still evolving and has great opportunity to develop in the current scenario. So, having a dominant player will help bring in lot of economies of scale,” explained a person in the know.

In the equity derivatives space, NSE has near monopoly, while in commodity derivatives MCX enjoys a lion’s share of 90 per cent.

Currently, MCX has a market capitalisation of Rs 37 billion. In comparison, NSE is much bigger. In December 2016, when NSE filed its offer document with Sebi, it was looking for a valuation of Rs 400 billion. Since then, the valuation has increased further thanks to a good uptick in trading volumes.

Market experts say the merger could be a win-win for both exchanges as competition is set up intensify post October as all existing bourses will look to foray into new segments.

The Nifty50 is now trading above its crucial short-term moving averages and today’s intraday low of 10,524 will be of big importance in the coming week, suggest experts. A break below this level could again put further pressure on the index amid expiry week volatility.

The Nifty50 which opened at 10,533 slipped marginally to hit an intraday low of 10,524. Bulls took control of the index and pushed Nifty above 10,600 to hit an intraday high of 10,628 before closing the day at 10,605, up 91 points.

On the other hand, MCX will need huge capital if it wants to aggressively foray into the equities space.

The proposal could also address NSE’s pet peeve–going public. Despite mounting shareholder pressure, NSE has not been able to list due to legacy issues. As MCX is already listed, the merger could lead to back-door listing for NSE, say experts.

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Capitalstars opening bell : 25 may 2018

CS OPENING BELL:

NIFTY SPOT UP 47 @ 10560

SENSEX UP 148 @ 34810

BANK NIFTY FUTURES UP 190 @ 26105

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES2: 10695

RES 1:10635

SUP1:10455

SUP2:10395

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BULLISH

RES 2: 26315

RES 1: 26220

SUP1: 25810

SUP2: 25725

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Asian stocks trade mixed; Midcaps underperform Sensex;IT stocks gain led by Infosys

Asian stocks trade mixed; Midcaps underperform Sensex;IT stocks gain led by Infosys

The BSE Midcap index was underperforming Sensex during Thursday's trade. 
Around 11:35 am, the midcap index was 0.23 per cent down at 15,664, while the Sensex was 0.48 per cent up at 34,511. The NSE Nifty was 0.35 per cent up at 10,467. 

The market was trading on a positive note on Thursday morning, with the Nifty 23 points at 10,453 and the Sensex gaining 120 points at 34,465.Nifty IT was up over 1.5 percent led by KPIT Tech, Infosys, HCL Tech, Tata Consultancy Services and Tech Mahindra.The top gainers among Nifty constituents were Infosys, HCL Technologies, Tech Mahindra, Tata Consultancy Services and HDFC.

Capitalstars financial research pvt. ltd.

The most actively traded stocks on the NSE were Tata Motors and Jet Airways which dipped 7-9 percent while PC Jeweller, Vedanta and State Bank of India were the other active stocks.

The Nifty50 is expected to open flat-to-positive on Thursday following muted trend seen in other Asian markets. The index closed 106 points lower at 10,430 on Wednesday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 26.5 points, or 0.25 percent. Nifty futures were trading around 10,447.50 on the Singaporean Stock Exchange. Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 26.5 points, or 0.25 percent. Nifty futures were trading around 10,447.50 on the Singaporean Exchange.

Global Market:

• Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.16% while the Hang Seng is down 0.19%. The Shanghai Composite is not trading.

• US Markets: The Dow Jones Industrial Average rose 52.4 points, or 0.21 percent, to 24,886.81, the S&P 500 gained 8.85 points, or 0.32 percent, to 2,733.29 and the Nasdaq Composite added 47.50 points, or 0.64 percent, to 7,425.96.

• European markets- European markets finished sharply lower today with shares in Germany leading the region. The DAX is down 1.47% while France's CAC 40 is off 1.32% and London's FTSE 100 is lower by 1.13%.

In the last two months of dealings in the domestic markets, stocks have seen a round of appreciation largely on the hopes of better fourth-quarter corporate earnings. The S&P BSE Sensex has added nearly 8% from the bottoms in the last two months after recovering from the downtrodden effects of global sell-off, LTCG tax jitters, India’s biggest banking fraud unravelling at PNB and elevated volatility in global markets following the trade war worries between the United States and China. As investors continue to look for investment avenues, we bring to you 7 blue-chip stocks which may fetch up to 45% on the invested money.

Securities in Ban For Trade Date 24-MAY-2018 :-

        1.  BEML

        2.  DHFL

        3.  RCOM

for more update you can contact us :

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