Subdued start to Dec series, Nifty below 10,900; Sensex flat; pharma, IT outperform.

capitalstars financial research pvt. ltd.

Benchmark indices ended marginally higher on Friday, but the Nifty could not hold on to 10,900 level.
This is fifth consecutive day gain recorded by the indices.

The Sensex was up 23.89 points at 36194.30, while Nifty was up 22.10 points at 10880.80. About 1278 shares have advanced, 1310 shares declined, and 146 shares are unchanged.
Among the sectors pharma and IT space outperformed the other indices with 1-2 percent gain, while bank, infra, metal and energy stocks have underperformed.

HEADLINES OF THE DAY

Promoter increased holding in Inox Leisure: Board approved the allotment of 64,00,000 equity shares of face value Rs 10 each to Gujarat Fluoro chemicals, the holding company, (the Promoter) at the issue price of Rs 250 per equity share, including a premium of Rs 240 per equity Share, aggregating to Rs 160 crore.

Allahabad Bank to consider fund raising: A meeting of the board of directors of the company is scheduled on December 6 to consider and approve capital infusion of Rs 3054 crore in the bank by the Government of India.
Lupin shares gained over 2 percent after the launch of skin infection treatment cream in the United States.

The crucial resistance for Nifty spot is now seen at 10920 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10590.

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Market Wrap Up

capitalstars Financial research pvt. ltd.

A stronger rupee, falling crude oil prices along with a dovish commentary from the US central bank chief boosted markets across the globe, including India. Back home, the Nifty surged past 10,800 on a day when F&O contracts for November series expire.
The Sensex, meanwhile, hit 36,000 during the day’s trade, rising over 530 points.
Both indices ended the session on a strong note, with the Nifty retaining XX mark on expiry.

At the close of market hours, the Sensex closed up 453.46 points or 1.27% at 36170.41, and the Nifty up 129.80 points or 1.21% at 10858.70. The market breadth was narrow as 1300 shares advanced, against a decline of 1292 shares, while 145 shares were unchanged.
Bajaj Auto, Kotak Mahindra Bank, and Bajaj Finance were the top gainers, while Power Grid, NTPC, and HCL Tech lost the most.

HEADLINES OF THE DAY

Deep Industries bags contract: Shares rallied nearly 11 percent intraday Thursday after the company bagged contract from country's largest oil & gas exploration company ONGC.
Shares of Neuland Laboratories surged 13 percent after USFDA issued no observation to its manufacturing facility.

TCS and Phoenix Group expand partnership: Tata Consultancy Services announced an expansion of its ongoing 12-year old partnership with the Phoenix Group, Europe's largest life and pensions consolidator.
Shares of Piramal Enterprises gained 4 percent intraday Thursday after company approved issue of NCDs worth Rs 500 crore.

The crucial resistance for Nifty spot is now seen at 10920 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10590.

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Sensex ends 159 points higher, Nifty at 10,685; Infosys up 3%.

capitalstars financial research pvt. ltd.

It’s a green close for the market on Tuesday, with the Nifty ending well above 10,650-mark.
A rally among PSU banks, energy names as well as IT boosted the market. In the broader market, the Nifty Midcap index ended over half a percent higher.

At the close of market hours, the Sensex ended up 159.06 points or 0.45% at 35513.14, while the Nifty was higher by 57.00 points or 0.54% at 10685.60. The market breadth was narrow as 1238 shares advanced, against a decline of 1320 shares, while 161 shares were unchanged.
Infosys, TCS, and BPCL were the top gainers, while Sun Pharma and Hero MotoCorp lost the most.

HEADLINES OF THE DAY

Punjab National Bank shares gained 2.5 percent after the lender expects Rs 2,500 crore recovery from Essar Steel resolution.
Zydus Cadila gets USFDA approval: Zydus Cadila has received the final approval from the USFDA to market Baclofen Tablets, 10 mg and 20 mg. It will be manufactured at the group’s formulations manufacturing facility at Baddi.

Lupin gets EIR from USFDA: The company has received EIR (Establishment Inspection Report) on the completion of an inspection by the USFDA (United States Food & Drug Administration) at its facility in Tarapur, Maharashtra.
USFDA approves ANDA filed by Granules Pharma.

Jet Airways salary payment: PTI reported that Jet Airways will pay the remaining 25 percent September salary to its senior staff early next month and is likely to come out with a revised payment schedule soon, a source at the airline said.

The crucial resistance for Nifty spot is now seen at 10720 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.


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Sensex closes 373 points higher, Nifty above 10,600; FMCG leads rally

Capitalstars Financial Research pvt. ltd.

Shares were off to a flying start on Monday, thanks to a sharp rally among consumption names in the last couple of hours.

Among sectors, financials, automobiles, consumption, and IT names were in the green, while investors sold metals and pharmaceuticals segments. In the broader markets, Nifty Midcap index underperformed benchmarks, but closed with gains of around 0.2 percent.

At the close of market hours, the Sensex was up 373.06 points or 1.07% at 35354.08, while the Nifty ended higher by 101.80 points or 0.97% at 10628.60. The market breadth was negative as 1,080 shares advanced, against a decline of 1,508 shares, while 160 shares were unchanged.
Hero MotoCorp, Wipro, and HUL are the top gainers, while ONGC, Sun Pharma, and Yes Bank lost the most.

HEADLINES OF THE DAY

Lupin receives USFDA approval for Clomipramine HCL capsules
BEML bags order worth Rs3,015cr for Mumbai Metro
Alembic Pharma JV gets USFDA approval for Lidocaine ointment

The crucial resistance for Nifty spot is now seen at 10700 and above this 10830 Support for the immediate term is now placed at 10500 next support will be 10440.


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Asian shares edge up, but growth woes offset Brexit progress;

capitalstars financial research pvt. ltd.

SHANGHAI - Asian shares barely budged in early Friday trade as investors were reluctant to make any big bets in the face of trade tensions, signs of slowing earnings and Brexit negotiations.

A draft deal between Britain and the European Union on future relations offered some hope for battered markets, though more evidence of pressure on corporate earnings in Europe kept equity investors sidelined.
Those earnings underscored the lingering anxiety among equity investors as trade tensions, slowing global investment and growth kept stock markets on the backfoot after a torrid October.

In the currency market, the pound was flat, buying $1.2878 after rising more than 1 percent on Thursday on news of the draft agreement between Britain and the EU, which describes a close post-Brexit relationship. The agreement follows a draft treaty last week that set the terms for Britain's departure from the EU in March.

But the deal faces a rocky ride once it reaches a deeply divided British parliament, with hardline eurosceptic and staunch pro-EU factions, and various shades of gray in-between.

The yield on benchmark 10-year Treasury notes rose to 3.0646 percent compared with its U.S. close of 3.061 percent ahead of the Thanksgiving holiday. The two-year yield, sensitive to market expectations of higher Fed fund rates, was barely changed at 2.816 percent.

In commodities markets, crude oil prices extended their recent slump as U.S. inventories hit their highest level since December, adding to concerns about a global crude glut.


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Sensex ends 218 points lower, Nifty below 10,550; midcaps see a big fall.

capitalstars financial research pvt. ltd.

It’s a negative end for the market for this week as tomorrow is a trading holiday on account of Guru Nanak Jayanti.
The Nifty has given up 10,550-mark.
Among sectors, financials, consumption, energy, metals and pharma saw the most losses, while selling was visible in the midcaps space.

Adani Ports, TCS, and Zee Entertainment were the top gainers, while M&M, Tata Steel, and Grasim lost the most.
At the close of market hours, the Sensex was down 218.78 points or 0.62% at 34981.02, while the Nifty was lower by 73.20 points or 0.69% at 10526.80. The market breadth was negative as 1093 shares advanced, against a decline of 1489 shares, while 153 shares were unchanged.

HEADLINES OF THE DAY

Health Zydus gets US FDA nod for atorvastatin calcium tablets.
The Indian rupee appreciated further in afternoon, trading at day's high on falling oil prices.
ONGC Ordered To Pay Rs 242 cr to Mumbai Port Trust.

Royal Enfield maker Eicher Motors shares fell a percent intraday after Investec slashed target price on the stock by 13.4 percent to Rs 30,300 from Rs 35,000 earlier following cut in earnings estimates.
Indoco Remedies shares were locked in 20 percent upper circuit at Rs 206.40 after company's Goa Plant II & III cleared the US health regulator's inspection.
Glenmark gets USFDA nod for pneumonia treatment drug

The crucial resistance for Nifty spot is now seen at 10710 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.

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Indices turn volatile as Sensex falls over 100 pts;

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:                     
                                           Indices are seeing volatile trade on Wednesday morning. The Sensex is down 133.03 points or 0.38% at 35341.48, and the Nifty down 29.70 points or 0.28% at 10626.50. The market breadth is narrow as 813 shares advanced, against a decline of 580 shares, while 66 shares were unchanged.

• Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.63% while the Hang Seng is down 0.21%. The Shanghai Composite is not trading.

• US Markets: Worst day of an awful year leaves no corner of US market unscathed.

• European markets: European markets finished broadly lower today with shares in Germany leading the region. The DAX is down 1.58% while France's CAC 40 is off 1.21% and London's FTSE 100 is lower by 0.76%.

Major Headlines of the day:

• Rupee Indiabulls Housing Finance raises Rs 23,600 crore in 2 months.
• Overhaul Bitcoin crashes to lowest this year, losses top 25% in a week.

 Trend in FII flows:-  The FIIs were Net Value of Rs  -753.17 segment while the DIIs were Net Value of  -44.06 the provisional figures.

Securities in Ban For Trade Date 21-NOVEMBER-2018
1.Adanipower
2.Adanient
3.Jetairways
4.PCJeweller
5.DHFl

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Sensex falls over 100 pts, Nifty holds 10,700;

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:                   
                                          Benchmark indices started the day on flat note with Nifty slipped below 10,750 level. Nifty bank and Nifty midcap 100 are trading lower by 0.40 percent.At 09:16 hrs IST, the Sensex is down 88.42 points at 35,686.46, while Nifty down 30.40 points at 10733. About 262 shares have advanced, 502 shares declined, and 34 shares are unchanged.

Global Market:

Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.86% while the Hang Seng is down 1.69%. The Shanghai Composite is not trading.

US Markets: Dow plunges about 400 points as Apple, Amazon and Facebook fall.

European markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.85% while France's CAC 40 is off 0.79% and London's FTSE 100 is lower by 0.19%.

Major Headlines of the day:

• Rupee opens higher at 71.45 per dollar.
• Overhaul of Yes Bank board likely, R Chandrashekhar resigns as independent director.
• Jet Airways management to meet pilots on November 20 on salary payments.

 Trend in FII flows:-  The FIIs were Net Value of Rs  1103.36 segment while the DIIs were Net Value of  -310.26 the provisional figures.

Securities in Ban For Trade Date 20-NOVEMBER-2018

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

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Market Update : Nifty flat, Sensex up 100 pts

Capitalstars Financial Research pvt.ltd.

Indian Indices:                     
                                          Benchmark indices are trading firm buy off day's high with Nifty holding just above 10,700 level and Sensex is up 100 points.The Sensex is up 104.60 points at 35,561.76, while Nifty up 20.80 points at 10703. About 1115 shares have advanced, 1055 shares declined, and 127 shares are unchanged.

Global Market:

• Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.43% while the Hang Seng is up 0.34%. The Shanghai Composite is not trading.

• US Markets: US market is at extreme risk of a ‘flash crash’.

• European markets: European markets finished lower on Friday with shares in London leading the region. The FTSE 100 is down 0.34% while France's CAC 40 is off 0.17% and Germany's DAX is lower by 0.11%.

Major Headlines of the day:

• RBI board meeting on Monday, will discuss MSME credit, reserves and other issues
• Resignation by RBI Governor would send bad signal to global markets: Veerappa Moily
• Rupee trades lower at 72.05 per dollar

Trend in FII flows:-  The FIIs were Net Value of Rs  844.82 segment while the DIIs were Net Value of  -372.24 the provisional figures.

Securities in Ban For Trade Date 19-NOVEMBER-2018
1.Adanipower
2.Adanient

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The S&P BSE Sensex rose 0.85 percent while the Nifty50 gained 0.92 percent for the week

capitalstars financial Research Pvt. Ltd.

For the Nifty, 10,600 acted as a tough resistance level. The index witnessed selling pressure above 10,600 in 3 out of the 5 trading sessions. The Sensex slipped below its crucial support of 35,000 earlier in the week.

The Sensex rose 0.85 percent, while the Nifty gained 0.92 percent during the week. The broader market turned in a mixed performance but there was plenty of action in certain stocks.

The market was kept buoyant in part because of favourable macroeconomic factors like the rupee, which appreciated to a 2-month high, and crude, which fell 4 percent.

Another big factor that pushed the markets higher was consistent buying by foreign institutional investors. FII inflow was around $73 million in the past five days, while DII outflow in the same period totaled $181 million.

One big positive from last week was that Nifty did manage to hold on this support level. Technically, the market needs some strong triggers going ahead to extend the pullback and sustain at higher levels due to various important hurdles on the chart.

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Capitalstars Market morning Outlook

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 34.5 points or 0.32 percent. Nifty futures were trading around 10,656-level 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 0.52% while the Hang Seng is down 0.51%. The Shanghai Composite is not trading.

• US Markets: S&P 500 snaps 5-day losing streak as shares of Apple, JP Morgan gain.

• European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.06%, while the CAC 40 led the DAX lower. They fell 0.70% and 0.52% respectively.

Major Headlines of the day:

• OYO hires ex-IndiGo boss Aditya Ghosh as CEO India and South Asia
• Infosys appoints Jayesh Sanghrajka as interim CFO
• Ujjivan Small Finance Bank mulls demerger, bonus share issue to meet RBI norms

Trend in FII flows:- The FIIs were Net Value of Rs 2043.06 segment while the DIIs were Net Value of -165.31 the provisional figures.

Securities in Ban For Trade Date 16-NOVEMBER-2018
1.Adanipower
2.Jetairways
3.Adanient

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Nifty ends above 10,600, Sensex up 118 points; Jet Airways soars 27%.

Capitalstars Financial Research Pvt. ltd.

The benchmark indices ended on positive note with Nifty managed to close above 10,600 level.
The Sensex was up 118.55 points at 35260.54, while Nifty was up 40.40 points at 10,616.70.
Shares of Jet Airways ended 28 percent higher on the report of Tata-Jet deal.
Adani Ports, Kotak Mahindra Bank, Hero Motocorp, Axis Bank and Tata Motors are the top gainers on the Sensex.

HEADLINES OF THE DAY

Shares of Jet Airways gained nearly 19 percent intraday Thursday on reports that the government is keen to see Tata-Jet Deal going through.
Rupee extends gain, trades at 71.89 per dollar.
Oil India board meeting on November 19 to consider buyback of shares and issue of debt securities in domestic & overseas markets.

Lupin receives FDA approval for Decitabine for Injection, 50 mg/vial, Single-Dose Vial.
Government aims to sell at least 3 percent stake in NTPC in the first week of December, reported NewsRise.

Shares of SpiceJet fell over 2 percent as investors reacted to the financial results posted during the second quarter.

The crucial resistance for Nifty spot is now seen at 10680 and above this 10800 Support for the immediate term is now placed at 10490 next support will be 10350.

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D-Street ends rangebound day on a flat note, Nifty holds 10,550; pharma, IT crack.

Capitalstars Financial Research Pvt. ltd.

The market ended the rangebound session on flat note, with the NIfty finishing above 10,550.
The Sensex is down 2.50 points at 35141.99, while Nifty down 6.20 points or 0.06% at 10576.30.
About 1174 shares have advanced, 1397 shares declined, and 138 shares are unchanged.

HEADLINES OF THE DAY

NBCC ready with new joint development policy, say sources.
IDBI Bank Q2 result: Net loss at Rs 3,602.5 crore against loss of Rs 198 crore. Gross NPA at 31.78% and Net NPA at 17.3%.

Kaveri Seeds Q2: Net Profit shed 43 percent at Rs 11.9 crore against Rs 20.9 crore. Revenue rose 8 percent at Rs 75.2 crore versus Rs 69.6 crore, YoY.
Rupee Update: The Indian rupee erased some of its gains as it is trading at 72.16 per dollar after hitting 72 mark in the early trade.

Central Bank Q2 result: The company has posted net loss at Rs 923.6 crore against loss of Rs 750.4 crore. Gross NPA at 21.48 percent versus 22.17 percent, QoQ.
M&M Q2 net profit up 26% YoY at Rs 1,778.75 crore; tractor revenues grow 1.8%
Cadila received final approval: Zydus Cadila received final approval from the USFDA for Arsenic Trioxide Injection.

The crucial resistance for Nifty spot is now seen at 10640 and above this 10800 Support for the immediate term is now placed at 10410 next support will be 10280.

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