Closing Bell: Nifty ends below 10,950, Sensex falls 623 pts; RIL up 9%, Yes Bank falls 10%.

After holding on the gains in the first half, the market gave up all its intraday gains in the second half and ended near day's low with Nifty finished below 10,950.

At close, the Sensex was down 623.75 points at 36,958.16, while Nifty was down 183.80 points at 10,925.90. About 870 shares have advanced, 1621 shares declined, and 144 shares are unchanged. 

Yes Bank, M&M, UPL, Bajaj Finance and Bajaj Finserv were among major losers on the Nifty, while gainers were Indiabulls Housing, Reliance Industries, Sun Pharma, GAIL and Hindalco Industries.

Among sectors, except energy (up 1.9 percent), all other indices are ended in the red led by the infra (down 3.6 percent), auto (down 4 percent), PSU bank (down 2.6 percent) followed by metal, pharma, IT and FMCG. BSE Midcap index slipped 2.2 percent, while BSE smallcap index shed 1.4 percent.

HEADLINES OF THE DAY

Sun Pharma Q1 result: Company's consolidated net profit rose 31 percent at Rs 1,387.5 crore against Rs 1,057.3 crore, while revenue up 16 percent at Rs 8,374.4 crore against Rs 7,224.2 crore, YoY.

Motherson Sumi falls nearly 10% on dismal Q1 result: Share price of Motherson Sumi Systems fell nearly 10 percent on August 13 after company reported dismal numbers for the quarter ended June 2019.

Bosch Q1 result: Net profit was down 35 percent at Rs 280 crore against Rs 431 crore, revenue was down 13.5 percent at Rs 2,779 crore against Rs 3,212 crore, YoY.

Sun TV Network hits 3-year low: Shares of Sun TV Network fell more than 4 percent to hit fresh three-year low on August 13 as global brokerages slashed price target on the stock after weak earnings in Q1.

The crucial resistance for Nifty spot is now seen at 11200 and above this 11460 Support for the immediate term is now placed at 10800 next support will be 10660.

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Closing Bell: Nifty ends above 11,100, Sensex up 254 pts; Yes Bank tanks 7%, Indiabulls Housing surges 14%.

Indian indices ended higher for second consecutive day but off day's high on August 9 with Nifty holding above 11,100 level.

At close, Sensex was up 254.55 points at 37,581.91, while Nifty was up 77.20 points at 11,109.70. About 1521 shares have advanced, 952 shares declined, and 151 shares are unchanged. 

Indiabulls Housing, Eicher Motors, Maruti Suzuki, Bajaj Finserv and Titan Company were among major gainers on the Nifty, while losers were Yes Bank, Cipla, Hindalco Industries, Tech Mahindra and Coal India.

Among sectors, IT, metal, PSU bank and pharma witnessed selling pressure, while buying seen in the auto, FMCG and energy sectors.

HEADLINES OF THE DAY

Cadila Healthcare fell post Q1 numbers: Shares of Cadila Healthcare fell more than 1 percent on August 9 after company's consolidated net profit was down 34 percent at Rs 303.6 crore against Rs 460.5 crore, while revenue was up 20.8 percent at Rs 3,496.3 crore against Rs 2,893.7 crore, YoY.

MRF Q1 result: Consolidated net profit rose 3 percent at Rs 273.3 crore against Rs 260.7 crore, revenue up 16.5 percent at Rs 4,471 crore versus Rs 3,836.3 crore, YoY.

Bank of Maharashtra reviewed marginal cost of funds based lending rates (MCLR) with effect from August 8, 2019.

Shree Cement Q1 Earnings :- Company's profit increased 36.8 percent to Rs 382.3 crore and revenue grew by 7.6 percent to Rs 3,302.8 crore compared to year-ago.

Hindalco Industries started off the financial year on a weak note by reporting a massive 29 percent year-on-year fall in June quarter consolidated profit due to global downturn and lower commodity prices amid trade tensions.

The crucial resistance for Nifty spot is now seen at 11320 and above this 11480 Support for the immediate term is now placed at 10980 next support will be 10820.

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Closing Bell: Nifty ends above 11K, Sensex up 636 pts on possible roll-back of higher tax on FPIs.

After remained volatile in the first half on August 8, the bulls took the charge in the second half and help Nifty to close above 11,000 after media reports suggested that the government is likely to roll-back recently impose a higher tax on foreign portfolio investors (FPIs).

At close, the Sensex was up 636.86 points at 37,327.36, and the Nifty was up 177 points at 11,032.50. About 1379 shares have advanced, 1020 shares declined, and 149 shares are unchanged. 

HCL Technologies, Tata Motors, JSW Steel, Reliance Industries and M&M were among major gainers on the indices, while losers were Tata Steel, Cipla, UltraTech Cement, Indiabulls Housing and IndusInd Bank.

All the sectoral indices ended higher led by the IT, auto, bank energy, FMCG, metal, pharma and infra.

HEADLINES OF THE DAY

UCO Bank Q1:The company posted net loss at Rs 601.4 crore against loss of Rs 634 crore, while net interest income (NII) was up 8.7 percent at Rs 1,335 crore against Rs 1,228 crore, YoY.

Thermax has reported a whopping 28 percent year-on-year growth in June quarter profit at Rs 62.76 crore, driven by strong growth in energy business. Profit in same period previous year was reported at Rs 48.97 crore.

Shares of Adani Enterprises gained 3 percent intraday on August 8 after company posted consolidated net profit at Rs 601.2 crore against Rs 169.4 crore, while revenue was up 39.7 percent at Rs 10,561 crore versus Rs 7,558 crore, YoY. The profit included one-time gain of Rs 328.5 crore. 

Lupin announced the completion of the United States Food and Drug Administration (USFDA) inspection carried out at its Nagpur oral solid manufacturing facility. The inspection was carried out between August 5, 2019 and August 8, 2019. The inspection for the oral solid facility at Nagpur closed without any 483 observations. 

Benchmark indices gained strength amid volatility. The BSE Sensex rallied 210.43 points to 36,900.93 and the Nifty50 rose 56.10 points to 10,911.60.

The crucial resistance for Nifty spot is now seen at 11200 and above this 11460 Support for the immediate term is now placed at 10820 next support will be 10660.

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Market at close: The last hour selling has pulled the indices to the day's low level after remained volatile as Reserve Bank of India (RBI) has cut the repo rate by 35 bps at 5.40 in its policy meet.

At close, the Sensex was down 286.35 points at 36,690.50, while Nifty was down 92.80 points at 10,855.50. About 1107 shares have advanced, 1348 shares declined, and 159 shares are unchanged. 

Indiabulls Housing, M&M, Tata Steel, Tata Motors and BPCL were among major losers on the Nifty, while gainers were Zee Entertainment, Cipla, HUL, Yes Bank and Hero Motocorp.

Except IT and pharma, all other sectoral indices ended in the red led by bank, metal, auto, energy and infra. BSE midcap and smallcap index ended with marginal loss.

Adani Ports Q1 earnings:

The company's Q1 net profit at Rs 1,022.4 crore including one-time loss at Rs 58.6 crore. Revenue of the company for the June quarter was at Rs 2,794.5 crore

Its other income was up Rs 422.5 crore versus Rs 292.8 crore. EBITDA margin was up at 66.1% versus 52.8%.

Cipla Q1 result:

The company's Q1 consolidated net profit was up 6 percent at Rs 478.2 crore against Rs 451.3 crore. Revenue was up at Rs 3,989 crore against Rs 3,940 crore, YoY.

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 24.4% at Rs 904.6 crore against Rs 727.4 crore and margin was up 220 bps at 22.7 percent versus 18.5 percent.

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Closing Bell: Nifty ends around 10,950, Sensex gains 277 points; Indiabulls Housing surges 7%.

Benchmark indices finished on positive note but off day's high in the volatile session on August 6.

At close, the Sensex was up 277.01 points at 36,976.85 while Nifty was up 85.70 points at 10,948.30. About 1622 shares have advanced, 810 shares declined, and 115 shares are unchanged. 

Indiabulls Housing, Yes Bank, Tech Mahindra, Bajaj Finance and Eicher Motors were among major gainers on the Nifty, while losers include Zee Entertainment, Cipla, Reliance Industries, Power Grid Corp and TCS.

Among sectors, except energy other indices ended in the green led by the infra, auto, bank, metal and FMCG.

HEADLINES OF THE DAY

REC gains 3% post Q1 nos: Company's Q1 net profit up 2.3% at Rs 1,501.3 crore against Rs 1,468.2 crore, revenue up 10.6% at Rs 6,986 crore against Rs 6,318 crore, YoY.

Titan Company Q1 standalone net profit up 6%: Titan Company has registered 6.2 percent jump in its Q1FY20 standalone net profit at Rs 370.7 crore against Rs 349.2 crore in the same quarter last fiscal.

JSW Energy Q1: Consolidated net profit was up 6.6 percent at RS 244.4 crore against Rs 229.2 crore, revenue was up 2.2 percent at Rs 2,412.2 crore versus Rs 2,360.6 crore, YoY.

Pidilite Industries has reported 22.7 percent surge in its Q1 net profit at Rs 292.9 crore versus Rs 238.7 crore, revenue was up 10 percent at Rs 2,016.8 crore versus Rs 1,834 crore, YoY.

Shares of Arvind touched 52-week low of Rs 52.50, falling 6 percent on August 6 after company's Q1c net profit fell 59.7 percent at Rs 24.1 crore against Rs 59.8 crore, revenue was up 4.8 percent at Rs 1,896.5 crore versus Rs 1,809.6 crore, YoY.

The crucial resistance for Nifty spot is now seen at 11060 and above this 11200 Support for the immediate term is now placed at 10820 next support will be 10660.

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Closing Bell: Nifty ends above 10,800 after slipping below this level for the 1st time since Feb 27

Indian indices ended on negative note but off day's low on August 5 amid government decided to withdraw Article 370 from J&K.

Jammu and Kashmir will be a Union Territory with a legislature, while Ladakh region will be a Union Territory without a legislature, according to the government's plan for J&K, said Amit Shah.

At close, the Sensex was down 418.38 points at 36,699.84, while Nifty was down 134.80 points at 10,862.60. About 742 shares have advanced, 1659 shares declined, and 138 shares are unchanged. 

Bharti Airtel, Tech Mahindra, Coal India, TCS and Bajaj Auto were among major gainers on the Nifty, while losers include Yes Bank, UPL, Tata Motors, Power Grid Corp and Grasim Industries.

RIL subsidiary RIIHL to acquire software firm Fynd

Nestle up 3% on plans to set up 9th factory in India at Sanand, Gujarat

BHEL commissions additional 116MW pumping unit in Telangana

Natco Pharma reports successful completion of USFDA inspection; stock trades flat.

Thanks & Regards

Sourabh Dubey

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Market Close: Benchmark indices registered a strong recovery from the intraday lows and ended on a positive note on August 2 with Nifty finished a tad below 11,000 mark.

At close the Sensex was up 118.69 points at 37,137.01, while Nifty was up 17.40 points at 10,997.40. About 1104 shares have advanced, 1339 shares declined, and 132 shares are unchanged. 

Indiabulls Housing, Tata Steel, SBI, Coal India and Wipro were among major losers on the Nifty, while gainers include Bharti Airtel, Asian Paints, Eicher Motors, Bajaj Auto and Maruti Suzuki.

HDFC Q1 net profit jumps 46%:

Housing Development Finance Corporation (HDFC) has reported 46 percent jump in its Q1FY20 net profit at Rs 3,203.10 crore against Rs 2,190 in the same quarter last year.

Revenue of the company was up 30.6 percent at Rs 12,990.29 crore against Rs 9,947.35 crore.

SBI Q1 results:

State Bank of India (SBI) has reported Q1 net profit at Rs 2,312 crore, net interest income (NII) at Rs 22,939 crore. Net NPA was up marginally at 3.07 percent, while gross NPA unchanged at 7.53 percent, QoQ.

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Closing Bell : The final hour recovery helped the Nifty to close around 11,000 level and Sensex above 37,000

At close, the Sensex was down 462.80 points at 37,018.32, while Nifty was down 138 points at 10,980. About 830 shares have advanced, 1587 shares declined, and 147 shares are unchanged. 

Vedanta, JSW Steel, Hindalco Industries, SBI and Tata Motors were among major losers on the Nifty, while gainers were Wipro, Bharti Infratel, Maruti Suzuki, Reliance Industries and Power Grid Corp.

HEADLINES OF THE DAY

TVS Motor July auto sales: The total sales fell 13 percent at 2.79 lakh units against .21 lakh units. The two-wheeler sales down 13.7% at 2.65 lakh units against 3.07 lakh units, YoY.

Motorcycles sales down 10.7% at 1.08 lakh units versus 1.21 lakh units and scooter sales down 11% at 1.05 lakh units against 1.18 lakh units. Total exports down 3.1 percent at 69,994 units against 72,242 units, YoY. 

The crucial resistance for Nifty spot is now seen at 11100 and above this 11200 Support for the immediate term is now placed at 10800 next support will be 10720 .

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. 

CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com