Banks, metals drag D-Street from high points, Nifty gives up 11,700; Sensex down 100 points

Capitalstars Financial Research Pvt. Ltd.

Indian Indices: 
                                           After beginning the September series on a flat note, sharp buying in pharmaceuticals, IT and metals, among others, has helped the Nifty race past 11,700 on this morning. The Sensex is up over 100 points. Banks are currently trading flat, while automobiles are up around a percent on Nifty Auto index.

In the broader markets, Nifty Midcap is up over half a percent as well. Among shares, Idea Cellular is up 2 percent after NCLT approved its merger with Vodafone India, while Jet Airways is down 1 percent after MCA probes the airline for siphoning off of funds.

The Sensex is up 107.32 points or 0.28% at 38797.42, while the Nifty rose 38.90 points or 0.33% at 11715.70. The market breadth is positive as 1,257 shares advanced, against a decline of 564 shares, while 108 shares were unchanged.

Global Market:

•    Asian stocks bruised by Trump's trade war threats: MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent in early trade while Japan's Nikkei dropped 0.8 percent.

•    Wall Street extends rally, tech leads S&P, Nasdaq to record highs: The Dow Jones Industrial Average rose 60.55 points, or 0.23 percent, to 26,124.57, the S&P 500 gained 16.52 points, or 0.57 percent, to 2,914.04 and the Nasdaq Composite added 79.65 points, or 0.99 percent, to 8,109.69.

Major Headlines of the day:

•     Shares of Jet Airways cut some losses from its intraday fall of over 2.5 percent on Friday morning as investors turned wary of a probe into the airline’s financials.

•    Due to some profit booking in the last couple of days, the Nifty concluded the August series with a gain of 4.56 percent over the July expiry's close.


Trend in FII flows:-  The FIIs were Net Value of Rs 958.01 On NSE, BSE and MSEI while the DIIs were Net Value of  -1598.67 per the provisional figures.

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Sensex, Nifty under pressure amid rupee weakness, higher crude oil prices

Capitalstars Financial Research Pvt. Ltd.

The board of directors of Mahindra Logistics approved an investment of an amount upto Rs 7 crore in Transtech Logistics Private Limited.

Transtech Logistics Private Limited (TLPL) provides transport management solution to third party logistics companies (3PLs), shippers and transporters on a ‘software as a service’ model (SaaS) under the brand name ShipX.

MLL has been a customer to ShipX for more than three years and using the product for its supply chain management Vertical.

The proposed investment in TLPL, which has built a technology platform, is expected to bring operational efficiencies in SCM function of the company. Further, it would also provide opportunities to the company to offer technology solutions to its customers and business partners.

This is part of the larger end-to-end digitisation plan for the company. This investment will help TLPL in developing more product features and strengthening the organisation.

hares of Tata Chemicals declined 2.2 percent intraday after ICICI Prudential Life Insurance has reduced its stake in the company.

ICICI Prudential Life Insurance sold 52,13,678 shares (more than 2 percent) of the company at an average price of Rs 414.21 per share which were worth Rs 216 crore.Its stake in the company reduced to 2.97 percent from 5.02 percent earlier.

ICICI Prudential was holding 3.99 percent and 3.59 percent in the company for the quarter ended March 2018 and June 2018 respectively.

Share price of Greaves Cotton touched 52-week high of Rs 159.90, rising 9.5 percent in morning trade as company board approved acquisition of majority stake in Ampere Vehicles.

The board has approved the proposal of investment in Ampere Vehicles by acquiring 67 percent in the first phase and further 13 percent in a span of three years.

This acquisition will accelerate the development of clean energy technology solutions for mobility needs of passengers and small businesses, company said in release.

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Sensex continues to trade flat, Nifty manages to hold 11,700; midcaps outperform

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:      
                                        Following days of rally in the market, benchmarks have taken a pause on Wednesday morning. The Sensex and Nifty are trading flat, with the latter managing to hold 11,700-mark. The Bank Nifty is trading flat, but PSU bank index is higher by around half a percent.

The Sensex is up 0.55 points or 0.00% at 38897.18, while the Nifty is down 6.00 points or 0.05% at 11732.50. The market breadth is positive as 1,046 shares advanced, against a decline of 626 shares, while 98 shares were unchanged.

Global Market:

•    Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.68% while the Hang Seng is up 0.22%. The Shanghai Composite is not trading.

•    US Markets: Markets welcome Trump's new US-Mexico trade deal - as it happened.

•    European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.52% and the CAC 40 rose 0.11%. The DAX lost 0.09%.

Major Headlines of the day:

•    LIC to buy 14.9% stake in IDBI Bank via preferential issue.
•    Asian shares, dollar becalmed awaiting trade news.

Trend in FII flows:-  The FIIs were Net Value of Rs -161.05 cash segment while the DIIs were Net Value of  -199.28 per the provisional figures.

Securities in Ban For Trade Date 29-AUGUST-2018

1.Jisljaleqs
2.DHFL
3.IDBI
4.PNB

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Sensex up over 100 points, Nifty manages to stay above 11,700; metals surge

Capitalstars financial Research Pvt. Ltd.

Indian Indices:                     
                                      Bulls are getting the momentum back in their favour. The Sensex is up over 100 points, while the Nifty is managing comfortably to stay above 11,700.

The Sensex is up 140.60 points or 0.36% at 38834.71, while the Nifty is up 40.10 points or 0.34% at 11732.10. The market breadth is positive as 1,059 shares advanced, against a decline of 1,056 shares, while 133 shares were unchanged.

NTPC, Tata Motors, and Hindalco are the top gainers, while Yes Bank, Hero MotoCorp, and Titan continue to be the top losers.

Global Market:

Asian markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.17% while the Hang Seng is up 0.16%. The Nikkei 225 is not trading.

US Markets: S&P 500, Nasdaq jump to record highs as US and Mexico strike trade deal.

European markets: European markets finished broadly higher today with shares in Germany leading the region. The DAX is up 1.16% while France's CAC 40 is up 0.86% and London's FTSE 100 is up 0.19%.

Major Headlines of the day:

•    Asian shares gain on US-Mexico trade optimism
•    Allahabad HC refuses interim relief to power companies' plea against NCLT proceedings.


Trend in FII flows:-  The FIIs were Net Value of Rs 252.52 cash segment while the DIIs were Net Value of  1117.24 per the provisional figures.

Securities in Ban For Trade Date 28-AUGUST-2018

1.Jisljaleqs
2.Hexaware
3.Jetairways.

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Sensex extends gains to 350 points post record high opening, Nifty hits 11,650

Capitalstars financial Research Pvt. Ltd.

Indian Indices:        
                                        Banks and metals are leading the charts among sectoral indices, while pharmaceuticals, FMCG and infrastructure are following them. There is strong growth in midcaps seen as well, with the Nifty Midcap gaining around a percent.

The Sensex is up 204.70 points or 0.54% at 38456.50, while the Nifty is up 62.60 points or 0.54% at 11619.70. The market breadth is positive as 447 shares advanced, against a decline of 120 shares, while 61 shares were unchanged.

State Bank of India, Yes Bank, and Hindalco are the top gainers, while Wipro, TCS, and Bharti Infratel have lost the most.

Global Market:

•    Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.70%  while the Hang Seng is up 1.83%. The Shanghai Composite is not trading.

•    US Markets: At a record high, the US market is still shrinking.

•    European markets: European markets finished higher on Friday with shares in France leading the region. The CAC 40 is up 0.24% while Germany's DAX is up 0.23% and London's FTSE 100 is up 0.19%.

Major Headlines of the day:

•    Big willful defaulters' dues to PNB drop to Rs 15,175 cr in July.

•    Expect volatility ahead of F&O expiry.

Trend in FII flows:-  The FIIs were Net Value of Rs -75.78 cash segment while the DIIs were Net Value of  904.75  per the provisional figures.

Securities in Ban For Trade Date 27-AUGUST-2018

1.Jisljaleqs
2.Raymond
3.Hexaware
4.Jetairways.

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While Nifty jumped from 11,000 to 11,600 in past 7 months,

Capitalstars Financial Research Pvt. ltd.

The last record high was 11,171 on Janauary 29 followed by sharp correction till March 23 which dragged the index to 9,998.05 on closing basis. The index started recovery from last week of March but that was gradual with consolidation. The actual pace of growth increased in July and is still continuing in August.

2018 has been a roller coaster ride for the market. After the correction seen in February and March, everyone was taken by surprise when Nifty 50  again retested 11,000 in July. The index has jumped more than 600 points to cross 11,600-mark in the recent rally.

On closing basis of both days (January 23-August 23), the Nifty 50 rallied 4.5 percent and from 11,000-11,600 levels, the upside was 5.5 percent, but overall the same performance was not seen in other indices viz Nifty 500 (flat during Jan 23-Aug 23), Nifty Midcap (down 10 percent) and Nifty Smallcap (down 19.5 percent) indices.

On earnings front, Nifty50 companies reported sales growth of 23 percent, adjusted profit growth of 11.5 percent and EBITDA growth of 20 percent margin contracted by 43 basis points in Q1FY19 YoY, but Nifty Midcap companies' performance was completely different. Sales growth was 5 percent, adjusted profit growth of nearly 25 percent, EBITDA 9.5 percent and margin expansion of 60 basis points.

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Nifty around 11,550, Sensex trades lower; bank, pharma underperform

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:     
                                         Equity benchmarks have marginally extended their gains from the opening minutes, with the Nifty trading around 11,600-mark. The Sensex is up around 50 points. A sharp recovery in banks as well as metals has helped the market. FMCG and pharmaceuticals are trading in the red. Meanwhile, midcaps are trading in the green, up around quarter of a percent.

The Sensex is up 56.53 points or 0.15% at 38393.29, while the Nifty is up 13.50 points or 0.12% at 11596.30. The market breadth is narrow as 942 shares advanced, against a decline of 740 shares, while 94 shares are unchanged.

Global Market:

•    Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.35% while the Hang Seng is down 0.64%. The Shanghai Composite is not trading.

•    US Markets: US stock market sets record-long bull run.

•    European markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.16% while London's FTSE 100 is off 0.15% and France's CAC 40 is lower by 0.02%.

Major Headlines of the day:

•    BG Asia Pacific Holdings sells 14% stake in Mahanagar Gas via bulk deals.
•    Asia stocks track Wall Street lower, dollar buoyant.

 Trend in FII flows:-  The FIIs were Net Value of Rs 433.21 cash segment while the DIIs were Net Value of  142 per the provisional figures.

Securities in Ban For Trade Date 24-AUGUST-2018

1.Jisljaleqs
2.Raymond.

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Sensex, Nifty off high points after record opening; pharma gains big

Capitralstars Financial Research Pvt. Ltd.

Indian Indices:                  
                                          It’s another record high start for the market on this Thursday morning, with the Nifty hitting 11,600 for the first time, while the Sensex hit 38,400 in the opening minutes.

At 09:15 hrs IST, the Sensex is up 114.88 points or 0.30% at 38400.63, while the Nifty is up 30.10 points or 0.26% at 11601.00. The market breadth is positive as 471 shares advanced, against a decline of 160 shares, while 49 shares were unchanged.

Among sectoral gainers, pharmaceuticals lead the way, up almost a percent, while IT and FMCG are the other top gainers. Banks, on the other hand, are trading lower. The midcaps space is trading marginally higher.

HDFC, Hero MotoCorp, and Lupin are the top gainers, while ICICI Bank, Adani Ports, and Vedanta are the top losers.

Global Market:

•    Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.18% while the Hang Seng is down 0.71%. The Shanghai Composite is not trading.

•    US Markets: US stock market sets record-long bull run.

•    European markets: European markets finished mixed as of their recent closing prices. The CAC 40 gained 0.22% while the FTSE 100 was higher by 0.11%. The DAX was even.

 Major Headlines of the day:

•    Wall Street end mixed as S&P marks longest bull run.

•     CreditAccess Grameen to list on August 23.

•      Trend in FII flows:-  The FIIs were Net Value of Rs 254.25 cash segment while the DIIs were Net Value of  197.87 per the provisional figures.

Securities in Ban For Trade Date 23-AUGUST-2018

1.Jisljaleqs
2.Raymond.

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Nifty may move towards 11,650-11,700 in August expiry week; Nifty's journey from 1,000 to 11,500 levels

Capitalstars Financial research pvt. ltd.

The market undertone remained bullish in recent weeks with the support of consistent short covering and long buildup. The Nifty is trading near all-time highs, supported by heavyweight sectors like banks, IT and pharma.

Sector rotation is likely to continue. At the current stage derivative data indicates a bullish scenario, which would continue with Nifty having multiple strong support at lower levels of 11,500 and 11,400.

We may see short covering on every dip as option writers were active in the recent rally. We have seen put writing in 11,500, 11,400 puts along with call unwinding in 11,500 calls.

 As Nifty50 hit a lifetime high of 11,581.75 on Tuesday, it is notable to know that the index hovered around 1,000 levels in back in 2002.

Over these 16 years, the representation in Nifty50 index has undergone a sea change in consonance with the changes in the underlying economy. As new sectors and companies evolved, their stocks found place in the benchmark index. Some, on the other hand, lost relative importance.

On the technical front, 11,520-11,530 spot levels are strong support zone for Nifty while the current trend is likely to continue towards 11,650-11,700 levels in the expiry week.

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Sensex, Nifty give up gains after record high opening; The Nifty Midcap index has also erased all of its gains

capitalstars financial Research Pvt. Ltd.

Indian Indices:                    
                                         Equities are off to a record high start, following the rally on Monday. There is buying seen among all sectors, with banks being one of the top gainers. This is followed by IT, auto, pharamceuticals and metals, among others. The midcap index is also trading in the green.

The Sensex is up 77.31 points or 0.20% at 38356.06, while the Nifty is up 26.70 points or 0.23% at 11578.50.  The market breadth is positive as 405 shares advanced, against a decline of 140 shares , while 51 shares are unchanged.

Among stocks, ONGC, Vedanta, HCL Tech and Tech Mahindra are the top gainers, while Airtel, Power Grid, and ICICI Bank are the top losers.

Global Market:

•    Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.03%  while the Hang Seng is up 0.51%. The Shanghai Composite is not trading.

•    US Markets: U.S. stocks close higher for third session as billion-dollar deals shore up confidence.

•    European markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.99%  while France's CAC 40 is up 0.65% and London's FTSE 100 is up 0.43%. 

Major Headlines of the day:

•    MCA probes Jet Airways on suspicion of siphoning funds: Sources.

•    Asia stocks capped, dollar droops following Trump comments.


Trend in FII flows:-  The FIIs were Net Value of Rs -483.04 cash segment while the DIIs were Net Value of  593.22 per the provisional figures.

Securities in Ban For Trade Date 21-AUGUST-2018

1.Adanipower
2.Jisljaleqs
3.Raymond.

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Sensex at day's high, Nifty around 11,550; L&T up 6%, midcap gains

Capitalstars Financial research Pvt. Ltd.

Indian Indices:  
                                        Strong start for the D-Street, following positive global cues as Nifty surpassed 11,500 for the first time, while the Sensex is up around 150 points.

Among sectors, barring IT index all other sectoral indices are trading higher led by metal, bank, energy, infra and pharma. The Nifty Midcap index is also up over half a percent.

At 09:16 hrs IST, the Sensex is up 154.63 points or 0.41% at 38102.51, and the Nifty up 41.40 points or 0.36% at 11512.20. About 688 shares have advanced, 243 shares declined, and 57 shares are unchanged.

Infosys shed 3 percent on CFO resignation, while shares of Yes Bank, RIL, Future Retail are among major gainers. L&T surged 4 percent as board to consider buyback on August 23.

Global Market:

Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.18% while the Hang Seng is down 0.54%. The Shanghai Composite is not trading.

US Markets: U.S. and China officials are reportedly working on a plan to hold talks to end a trade dispute between the two countries that would result in meetings between Trump and Xi at a summit in November, according to the Wall Street Journal.

European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.03%, while the DAX led the CAC 40 lower. They fell 0.22% and 0.08% respectively.

Major Headlines of the day:

•    Asia shares inch up with yuan, wary on Sino-US talks.

•    The upcoming week will see a new entrant getting listed on the exchanges. CreditAccess Grameen will be listed on bourses  after having a successful initial public offering (IPO) issue.

Trend in FII flows:-  The FIIs were Net Value of Rs 147.31 cash segment while the DIIs were Net Value of  151.89 per the provisional figures.

Securities in Ban For Trade Date 20-AUGUST-2018

1.Adanipower
2.Adanient
3.Jisljaleqs
4.Jetairways
5.Raymond

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Stay long on Nifty; Nifty Pharma index hits over six-month high

Further consolidation cannot be ruled out, but once 10,495 gets taken out, the index can head towards 11,640 in the short term. On the other hand, 11,366 – 11,340 shall act as a key support zone for the index.

Shares of pharmaceutical companies in focus with Nifty Pharma index was trading higher for the fourth straight day, hitting an over six-month high on the National Stock Exchange (NSE).

Sun Pharmaceutical Industries, Dr Reddy’s Laboratories, Glenmark Pharmaceuticals, Lupin, Aurobindo Pharma and Cadila Healthcare from the index, were up in the range of 1% to 4% on the NSE.

At 10:25 am; Nifty Pharma index, the largest gainer among sectoral indices, was up 1.5% at 3,386, as compared to 0.71% rise in the Nifty 50 index. The pharma index hit an intra-day high of 9,781, up 2%, touched its highest level since January 25, 2018.

 Sun Pharma posted good numbers in Q1FY19. Revenue grew 16% year on year (YoY) to Rs 72.2 billion, and the EBITDA margin expanded 460 bps to 22.2%. EBITDA at Rs 16.1 billion and PAT at Rs 9.8 billion were up 46.6% and 86.9% YoY respectively.

“Despite challenges in the US generics space and decline in the Taro business, Sun Pharma managed 12% growth in revenues in the US market. Additionally, good performance in India which showed growth of 22% coupled with 11% growth in ROW driven by key markets including Romania, Eastern Europe, and Asia led to positive results for the quarter,” analyst at HDFC Securities said in results review.

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Sensex extends gains to 300 points, Nifty well above 11,450; midcaps surge

Capitalstars Investment Advisor

Indian Indices: 
                                          After seeing a strong start on the back of positive global cues, equity benchmarks have extended their gains. Banks are witnessing a strong rally, while buying counters are buzzing in sectors such as FMCG, metals, auto and pharmaceuticals. D-Street is getting support from midcaps as well, with the index currently trading higher by a percent.

Among stocks, shares of Vedanta, ITC, Dr Reddy’s Labs and Indiabulls Housing are the top gainers, while Airtel, Bajaj Auto, and GAIL have lost the most. Shares of Jet Airways are up 3 percent as the airline announced the dates for declaring its June quarter results.

At 09:50 hrs IST, the Sensex is up 244.34 points or 0.65% at 37907.90, while the Nifty is up 67.30 points or 0.59% at 11452.30. The market breadth is positive as 1,317 shares advanced, against a decline of 420 shares declined, and 80 shares are unchanged.

Global Market:

Asian markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.04% while the Hang Seng is up 0.60%. The Nikkei 225 is not trading.

US Markets: Stock market closes higher as Dow has best day in 4 months.

European markets: European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.83% while London's FTSE 100 is up 0.78% and Germany's DAX is up 0.61%.

Major Headlines of the day:

• Asian shares gain on US-China trade talks, lira recovers.

• Sebi cuts listing time for public issue of debt securities.

• Rate hike to keep inflation below 4%: RBI MPC

Trend in FII flows:-  The FIIs were Net Value of Rs -825.08 cash segment while the DIIs were Net Value of  133.78 per the provisional figures.

Securities in Ban For Trade Date 17-AUGUST-2018

1.Adanipower
2.Adanient
3.Jisljaleqs
4.Jetairways

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