Sensex ends 2018 on a flat note, Nifty below 10,900; midcaps outperform.

capitalstars financial research pvt. ltd.

Its a rather somber end to the market on the last trading session of 2018. Mixed Asian and European cues kept the market in check. The Nifty ended 2018 below 10,900.

Weakness was visible among index heavyweights, which dragged the indices. Meanwhile, among sectors, auto, metals and pharmaceuticals were all trading in the green

. 

At the close of market hours, the Sensex was down 8.39 points or 0.02% at 36068.33, and the Nifty up 2.60 points or 0.02% at 10862.50. The market breadth was narrow as 1495 shares advanced, against a decline of 1095 shares, while 164 shares were unchanged.

Tata Steel, Vedanta, and JSW Steel were the top gainers, while Hero MotoCorp, Axis Bank, Bharti Airtel and Bharti Infratel lost the most.

HEADLINES OF THE DAY

Bharat Financial Inclusion gained 1 percent and CreditAccess Grameen rallied 3 percent intraday Monday after the completion of direct assignment transaction.

State-run BHEL said it has bagged an order worth Rs 3,500 crore for setting up a 660 MW supercritical thermal power plant in West Bengal.

DCB Bank advanced a percent after CRISIL upgraded its credit rating to AA-/Stable from A+/Stable for the Basel III Complaint Tier II bonds programme of Rs 150 crore by the bank.

Cadila Healthcare shares gained 1.5 percent intraday after Zydus received approval from the US health regulator for anti-acne drug.

Reliance Communications and Reliance Jio announced that they have extended the terms of an agreement for sale of wireless assets of the Anil Ambani owned firm.

The crucial resistance for Nifty spot is now seen at 10960 and above this 11120 Support for the immediate term is now placed at 10710 next support will be 10550.

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Nifty kicks off January series above 10,850; Sensex up 269 pts; Nifty Pharma surges. 28 Dec 2018

Capitalstars Financial Research pvt. ltd.

Its a consecutive session of positive close for the market on Friday. The Nifty has kicked off January series on a strong note, ending above 10,850-mark. 

Strong global cues, weaker crude as well as strengthening rupee were some of the primary factors behind the markets rally. 

At the close of market hours, the Sensex was up 269.44 points or 0.75% at 36076.72, while the Nifty was higher by 80.10 points or 0.74% at 10859.90. The market breadth was narrow as 1546 shares advanced, against a decline of 1049 shares, while 163 shares were unchanged.

Sun Pharma, Vedanta, and Titan were the top gainers, while Coal India, TCS, and Bharti Infratel lost the most.

HEADLINES OF THE DAY


1- Multiplex chain operator PVR said it is planning to raise up to Rs 750 crore through issue of securities to qualified institutional buyers, for which it is seeking shareholders' nod.

2- Tata Steel BSL (earlier known as Bhushan Steel) shares rallied nearly 7 percent intraday after CARE assigned AA rating for company's bank facilities.

3- Shree Cement gained half a percent after CARE reaffirmed its rating as A1+ for company's commercial paper worth Rs 600 crore.

4- Kansai Nerolac Paints shares gained a percent intraday after the acquisition of construction chemical company.

5- Finance Minister Arun Jaitley has said that 11 PSU banks have identified 55 foreign operations for rationalization and closure in this fiscal, according to a CNBC-TV18 report.

6- HDFC Bank shares gained 1.5 percent in morning after research house Emkay has maintained its buy call on the stock and expects to gain 18 percent to its price target to Rs 2,500 apiece.


The crucial resistance for Nifty spot is now seen at 10960 and above this 11100 Support for the immediate term is now placed at 10720 next support will be 10550.

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Sensex ends 157 points higher, Nifty at 10,779.

Capitalstars Financial research Pvt. Ltd.

The year 2019 is likely to be a year of transformation as several cross-nation and cross-industry wide forces take shape to alter the course of "business-as-usual.

Equity benchmarks ended the session on a positive note, but off the high points. The Nifty ended December series below 10,800.

Some selling in banks, automobiles, metals and pharmaceuticals weighed on benchmarks, while the Nifty Midcap index ended with gains of over one third of a percent.

At the close of market hours, the Sensex was up 157.34 points or 0.44% at 35807.28, while the Nifty was higher by 49.90 points or 0.47% at 10779.80. The market breadth was narrow as 1313 shares advanced, against a decline of 1233 shares, while 181 shares were unchanged.

Adani Ports, Reliance Industries, Tech Mahindra and ONGC gained the most, while Airtel, Hero MotoCorp, and Tata Motors lost the most.

HEADLINES OF THE DAY


Indian stock exchanges ranked second globally in terms of number of initial public offerings (IPOs), raising $5.52 billion from 161 offerings till November this year, according to a report.

Selan Exploration Technology said the board of directors approved buyback of fully paid-up equity shares at a price not exceeding Rs 300 per share, for an aggregate amount of Rs 25 crore.

Oil prices fell after soaring at least 7.9 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support.


The crucial resistance for Nifty spot is now seen at 10820 and above this 10980 Support for the immediate term is now placed at 10620 next support will be 10480.

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Bulls make a comeback and how! Sensex ends 180 pts higher, Nifty above 10,700.

capitalstars financial research pvt. ltd.

Bulls made a roaring comeback on a day that looked like a bearish day. A sharp recovery across sectors, particularly in the broader markets, helped the indices end sharply higher.
The Nifty clocked 10,700 again and ended above that mark.
Among sectors, maximum surge was seen among banks and infrastructure names, while IT and pharmaceuticals lost the most.
At the close of market hours, the Sensex closed up 179.79 points or 0.51% at 35649.94, while the Nifty was up 66.40 points or 0.62% at 10729.90. The market breadth was negative as 1089 shares advanced, against a decline of 1441 shares, while 155 shares were unchanged.
Airtel, Adani Ports, and Zee were the top gainers, while Sun Pharma and Yes Bank lost the most.

HEADLINES OF THE DAY

IL&FS appoints Retired IAS, Bijay Kumar as Deputy MD.
Bank of Japan Governor Haruhiko Kuroda warned of heightening global economic uncertainties but stressed that Japan's recovery had become resilient enough to fend off any external shocks.
National Fertilizers shares rallied 3 percent intraday after the company signed loan agreement with country's largest lender State Bank of India.
Autoline Industries shares rallied 8.8 percent intraday after the company decided to sell land & building in Chakan unit in Pune to reduce debt burden.

The crucial resistance for Nifty spot is now seen at 10820 and above this 10980 Support for the immediate term is now placed at 10610 next support will be 10480.

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Sensex ends 272 points lower, Nifty closes below 10,700; auto, metals drag.

Capitalstars Financial research Pvt. Ltd.

And the bear run continues on D-Street, signaling a possible halt to this Santa rally. The Nifty has ended below 10,700, while the Sensex closed with cuts of nearly 300 points. 

Barring the IT index, all sectoral indices ended in the red, with auto, banks, consumption, energy and metals have closed lower. In the midcaps space, The Nifty Midcap index ended 0.7 percent lower. 

At the close of market hours, the Sensex was down 271.92 points or 0.76% at 35470.15, while the Nifty was lower by 90.50 points or 0.84% at 10663.50. The market breadth was negative as 908 shares advanced, against a decline of 1,638 shares, while 142 shares were unchanged. 

Wipro and TCS were the top gainers, while Hero MotoCorp, Bajaj Auto, and JSW Steel lost the most. 

The market will be shut on Tuesday on account of Christmas.

HEADLINES OF THE DAY

Max India - outcome of board meeting: Board of Directors of the Company, at its meeting held today, has considered and approved a composite scheme of amalgamation and arrangement amongst Max India, Max Healthcare Institute, Radiant Life Care.

Rupee Update: The Indian rupee has recovered from the lows and trading higher by 20 paise at 69.95 per dollar against Friday's close 70.15.

Indsil Hydro Power jumps 5%: Indsil Hydro Power and Manganese shares rallied 5 percent intraday Monday after its joint venture overseas subsidiary launched expansion project.

Gateway Distriparks approves fund raising plan: The comapny board approved raising of funds upto Rs 620 crore by issue of debt securities including non-convertible debentures and any other instruments for making balance payment to complete the acquisition of Compulsory Convertible Preference Shares (CCPS) in subsidiary company, Gateway Rail Freight (GRFL) from Blackstone and towards expansion of business/other corporate purpose.

Zydus Cadila gets USFDA approval: The company has received the final approval from the USFDA to market Doxycycline Hyclate Delayed-Release Tablets USP in the strengths of 75 mg, 100 mg and 150 mg.

Dr Reddy's has launched Aspirin and Dipyridamole capsules in US markets.


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 plunges nearly 700 pts, Nifty below 10,800 amid global weakness.

Capitalstars Financial research Pvt. Ltd.

Benchmark indices fell sharply on Friday, tracking the sharp correction in global peers after the threat of a US government shutdown and of further hikes in US borrowing costs.

The 30-share BSE Sensex slipped 689.60 points or 1.89 percent to 35,742.07 and the 50-share NSE Nifty plunged 197.70 points or 1.81 percent to 10,754.

IOC, UPL, Adani Ports, Maruti Suzuki and Indiabulls Housing were top losers among Nifty50 stocks, which fell 3.5-4.5 percent.

HPCL, BPCL, Coal India and NTPC were only gainers, up 1-2 percent.

About two shares declined for every share rising on the BSE.

Shriram Transport, Cummins, NBCC, Ramco Cements, CES, L&T Finance Holdings, Manappuram Finance, Bharat Forge, MRPL, Karnataka Bank, Federal Bank, IndusInd Bank, Axis Bank and Yes Bank were down 1-5 percent.

HEADLINES OF THE DAY


Rupee trades near day's low at 70.14/USD
JPMorgan on TCS: Research house stayed neutral on the stock. It confident about FY20 despite looming macro headwinds.
Aurobindo Pharma receives USFDA approval: Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Potassium Chloride ExtendedRelease tablets, 8 mEq (600 mg) and 10 mEq (750 mg).
Oil prices tumble to lowest in more than a year as equities sell off
Voltas under pressure: Voltas shares declined 1.5 percent in morning on Friday after Motilal Oswal cut its earnings estimates for current as well as next financial year.


The crucial resistance for Nifty spot is now seen at 10880 and above this 10960 Support for the immediate term is now placed at 10620 next support will be 10500.

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Nifty closes above 10,950, Sensex mildly lower; Rupee trades around 70/USD.

Capitalstars Financial research Pvt. Ltd.

Benchmark indices erased most of its losses and ended at day's high with Nifty closed above 10,950 level.

At the close the Sensex was down 52.66 points or 0.14% at 36431.67, while Nifty was down 15.60 points or 0.14% at 10951.70. About 1218 shares have advanced, 1344 shares declined, and 167 shares are unchanged. 

HDFC Bank, HDFC, Infosys, ITS and Kotak Mahindra Bank are the positive contributors to the Sensex.

Among the sectors, auto, infra, and pharma ended in green, while PSU bank, metal, energy, FMCG and IT index was down between 0.20 to 1 percent. 

HEADLINES OF THE DAY


ONGC approves buyback worth up to Rs 4,022 crore at Rs 159 per share and set January 4 as record date for buyback.
Container Corporation of India approved issue of 1 bonus shares for every 4 held.
Shares of Gujarat Ambuja Exports slipped 2.4 percent despite brokerage house SBICapital maintained buy with a target price of Rs 370 per share.


The crucial resistance for Nifty spot is now seen at 11110 and above this 11300 Support for the immediate term is now placed at 10800 next support will be 10650.

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Last hour buying pushes Sensex in positive territory; Nifty above 10,900.

Capitalstars Financial Research pvt. ltd.

Last hour buying pushes Sensex in positive territory; Nifty above 10,900.

Sharp buying in last hour helped equity benchmarks end the session with gains of 0.20 percent. The Nifty ended above 10,900.

Barring IT segment, all sectoral indices ended in the green. Major gainers included automobiles, banks, energy, metals and pharma, among others.

At the close of market hours, the Sensex was up 77.01 points or 0.21% at 36347.08, and the Nifty up 20.30 points or 0.19% at 10908.70. The market breadth was positive as 1416 shares advanced, against a decline of 1117 shares, while 160 shares were unchanged.

Sun Pharma, Vedanta, and Bajaj Finance gained the most, while Infosys, Wipro, ZEE and UPL were the top losers.

HEADLINES OF THE DAY

The chief of India's capital market regulator on Tuesday expressed concerns about the slow pace of initial public offerings (IPOs) hitting the market despite approval for filings worth around 600 billion rupees ($8.43 billion).

Equity benchmarks recovered sharply in the last hour, with the Nifty hitting 10,900-mark.

Skipper has secured new orders of over Rs 150 crore for 2500 numbers of Telecom Towers from various telecom operators.

Mindtree has been awarded the, Digital Testing Services Framework II contract and will continue as the BBCas lead application testing partner for a range of its digital products.

The crucial resistance for Nifty spot is now seen at 11100 and above this 11350 Support for the immediate term is now placed at 10790 next support will be 10600.

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Nifty closes just below 10,900, Sensex up 300 points led by metal, energy stocks.

Capitalstars Financial research Pvt. Ltd.

Benchmark indices ended on strong note with Sensex closed up 300 points, while Nifty ended just below 10,900.

At the close, the Sensex was up 307.14 points at 36,270.07, while Nifty was up 82.90 points at 10,888.40. About 1400 shares have advanced, 1192 shares declined, and 150 shares are unchanged. 

Power Grid Corp, Tata Motors, HDFC, Coal India and Vedanta are the top gainers on the Sensex, while Kotak Mahindra Bank, Infosys, Bharti Airtel, Hero Motocorp and L&T are among major losers.

All the sectoral indices ended in green led by metal (up 2 percent) and energy stocks (up 1.5 percent) followed by auto, bank, infra and pharma space. 

HEADLINES OF THE DAY

Coal India to consider interim dividend: A meeting of the Board of Directors of the company is scheduled on December 20 to consider and approve payment of Interim Dividend, if any, for the year 2018-19.

Lupin has received approval for its Clobazam Tablets, 10 mg and 20 mg from the United States Food and Drug Administration (FDA).

BGR Energy Systems bags order: Company has secured an order from Tamilnadu Transmission Corporation of Rs 49.40 crore inclusive of GST and the contract completion period is 10 months.

The crucial resistance for Nifty spot is now seen at 10960 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10550.

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Indices end on a flat note after rangebound trade; Nifty above 10,800, Bharti Airtel up 5%.

Capitalstars Financial research Pvt. Ltd.

Benchmark indices ended positive but remained flat throughout the day with Nifty close just above 10,800 mark.
At the end, Sensex was up 33.29 points at 35962.93, while Nifty was up 14 points at 10805.50. About 1249 shares have advanced, 1287 shares declined, and 145 shares are unchanged.

Bharti Airtel, Yes Bank, ONGC, NTPC and Asian Paints are the top gainers on the Sensex, while losers are HDFC, Wipro, L&T, Adani Ports and Bajaj Auto.
Among sectors, except pharma and metal all other sectoral indices ended in green, while midcap and smallcap stocks ended flat.

HEADLINES OF THE DAY

Benchmark indices ended positive but remained flat throughout the day with Nifty close just above 10,800 mark.
At the end, Sensex was up 33.29 points at 35962.93, while Nifty was up 14 points at 10805.50. About 1249 shares have advanced, 1287 shares declined, and 145 shares are unchanged.
Bharti Airtel, Yes Bank, ONGC, NTPC and Asian Paints are the top gainers on the Sensex, while losers are HDFC, Wipro, L&T, Adani Ports and Bajaj Auto.

Among sectors, except pharma and metal all other sectoral indices ended in green, while midcap and smallcap stocks ended flat.
Anti-dumping Duty Likely On Chinese Chemical
The government may impose anti-dumping duty for five years on a Chinese chemical used in dye and photography industry in order to guard domestic players from cheap imports from the neighbouring country.

Drug firm Alembic Pharmaceuticals said it has raised Rs 350 crore through allotment of non-convertible debentures (NCDs) on private placement basis.
Auto major Honda Cars India said it will increase prices of its entire model range from next month in order to partially offset the impact of rising input costs.

The crucial resistance for Nifty spot is now seen at 10960 and above this 11200 Support for the immediate term is now placed at 10690 next support will be 10500.

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Sensex ends 150 pts higher, Nifty below 10,800; auto, bank stocks top gainers.

Capitalstars Financial Research pvt. ltd.

Benchmark indices ended the volatile session on positive note on Thursday with Nifty ended below 10,800 level.

The Sensex was up 150.57 points or 0.42% at 35929.64, while Nifty was up 53.90 points or 0.50% at 10791.50. About 1470 shares have advanced, 1055 shares declined, and 135 shares are unchanged.

Wipro, Kotak Mahindra Bank, Infosys, Maruti Suzuki and Tata Motors are the top gainers on the Sensex, while Yes Bank, Sun Pharma, TCS, Tata Steel and Coal India are among major losers.

HEADLINES OF THE DAY

TVS Motor Company said it rolled out the 50,000 unit of the BMW 310 cc motorcycle. The motorcycle was rolled out from the Hosur plant of the company.
Steel Strips Wheels bagged their largest repeat exports order for truck & trailer Aftermarket from USA.

Yes Bank Corrects Further After Board Meeting :- The bank’s Nomination & Remuneration Committee (N&RC) and board of directors have finalised the recommendation for non-executive part-time chairman position and will be promptly seeking requisite approvals from the Reserve Bank of India.

The crucial resistance for Nifty spot is now seen at 10880 and above this 10960 Support for the immediate term is now placed at 10680 next support will be 10520.

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Bulls take charge on D-Street as Sensex ends 629 pts higher; Nifty above 10,700.

Capitalstars Financial Research pvt. ltd.

Bulls took charge right from the word go and consistently traded in the green. But intense buying in the last hour helped the market end on an even stronger note. The Nifty, not only managed to clock 10,700, but also closed above this mark.

Buying was visible across all sectors, with maximum gains seen among automobiles, metals, banks, infrastructure and consumption names. In the broader market, the Nifty Midcap index ended 3 percent higher.

At the close of market hours, the Sensex closed up 629.06 points or 1.79% at 35779.07, while the Nifty rose 188.40 points or 1.79% at 10737.60. The market breadth was positive as 1,882 shares advanced, against a decline of 645 shares, while 139 shares were unchanged.
Hero MotoCorp, Bharti Airtel, and Indiabulls Housing gained the most, while Dr. Reddyâs Laboratories, and Bharti Infratel lost the most.

HEADLINES OF THE DAY

Ramco wins order: Ramco Systems has secured deal from a leading adversary air (ADAIR) services provider to the US defence forces, to manage its fleet of fighter aircraft used for highly complex training fleet and defence contract requirements.
Rating Agency CARE Ratings has reaffirmed CARE A1+ rating on Shree Cements’ Commercial Papers of Rs 300 crore.
Torrent Power has ought a nod from Gujarat regulator to hike tariffs so that it could offset under-recoveries. The company said that the tariff hike will help it recover Rs 275 crore.

ACC Board Grants Nod to set up a greenfield integrated cement plan at Ametha.
Zydus Wellness to acquire Heinz India: Shares of Zydus Wellness gained 2 percent on Wednesday after company received CCI approval for acquisition of businesses of Heinz.

The crucial resistance for Nifty spot is now seen at 10880 and above this 10960 Support for the immediate term is now placed at 10620 next support will be 10500.

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