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 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: Nifty ends above 11,100, Sensex gains; IndusInd Bank up 5%, metal stocks shine.

Benchmark indices snapped 2 day's losing streak and ended higher on July 31 with Nifty finished above 11,100 level.

At close, the Sensex was up 83.88 points at 37,481.12, while Nifty was up 28.40 points at 11,113.80. About 1134 shares have advanced, 1333 shares declined, and 137 shares are unchanged. 

Zee Entertainment, Axis Bank, Bharti Airtel, Titan Company and Bharti Infratel were among major losers on the Nifty, while gainers were IndusInd Bank, Yes Bank, IOC, Hero Motocorp and Tata Steel.

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

HEADLINES OF THE DAY

Motilal Oswal Q1: Net profit up 24.6 percent at Rs 129.4 crore against Rs 103.8 crore, revenue up at Rs 609.2 crore against Rs 602.5 crore, YoY.

IOC Q1 net profit dips 41%:Oil marketing firm, Indian Oil Corporation (IOC) has posted 41 percent fall in its June quarter net profit at Rs 3,596.11 against Rs 6,099.3 crore in the quarter ended March 2019.

Allahabad Bank Q1: Net profit at Rs 128 crore versus loss of Rs 1,944.4 crore, while net interest income (NII) was down 10.2% at Rs 1,530.1 crore against Rs 1,703.6 crore, YoY. 

The crucial resistance for Nifty spot is now seen at 11360 and above this 11500 Support for the immediate term is now placed at 11060 next support will be 10960.

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Closing Bell: Nifty ends below 11,300, Sensex falls 135 points dragged by metal, auto and pharma.

Indian indices continue its downtrend on the fifth consecutive day on July 24 with Nifty finished below 11,300 level.

At close, the Sensex was down 135.09 points at 37,847.65, while Nifty was down 60 points at 11,271. About 834 shares have advanced, 1588 shares declined, and 153 shares are unchanged. 

UPL, Adani Ports, Indiabulls Housing, Eicher Motors and IndusInd Bank were some of the major losers on the Nifty, while gainers include Zee Entertainment, Asian Paints, HUL, HDFC and HCL Technologies. 

Among the sectors, metal index slipped over 2 percent, followed by auto, energy, infra, IT and pharma. Midcap index was down 1.5 percent, while Smallcap index shed over 1 percent.

HEADLINES OF THE DAY

V-Guard Industries Q1: Net profit rose 53.6% at Rs 53 crore against Rs 34.5 crore, revenue was up 10% at Rs 706.6 crore against Rs 642.4 crore. EBITDA up 52.1% at Rs 72.1 crore, while margin up at 10.2%, YoY.

Canara Bank Q1: Net profit up 16.9% at Rs 329.1 crore against Rs 281.5 crore, net interest income was down 16.6% at Rs 3,240.1 crore versus Rs 3,882.9 crore, YoY.

Jubilant Foodworks Q1: Jubilant Foodworks, the operator of Domino's Pizza has reported marginal fall in its consolidated net profit for the quarter ended June 2019. The company's Q1FY20 net profit was down 0.9 percent at Rs 71.5 crore against Rs 72.1 crore in the same quarter last fiscal. Revenue of the company was up 10 percent at Rs 949.1 crore against Rs 863.2 crore.

TVS Motor Singapore to invest USD7 mn in Scienaptic Systems: TVS Motor (Singapore) Pte. a wholly-owned subsidiary of TVS Motor has signed definitive agreements to invest USD7 million in Scienaptic Systems Inc. The closing of the investment is subject to obtaining appropriate regulatory approvals.

The crucial resistance for Nifty spot is now seen at 11460 and above this 11600 Support for the immediate term is now placed at 11140 next support will be 11020.

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Closing Bell: Late sell-off drags Sensex 318 pts, Nifty below 11,600; Yes Bank tanks 13%.

Benchmark indices fell sharply in late trade as US-China trade worries dragged global peers. All sectoral indices ended in red with PSU Bank, Auto and Metal falling 2.5-3 percent.

The BSE Sensex was down 318.18 points at 38,897.46 and the Nifty50 fell 90.60 points to 11,596.90. More than two shares declined for every share rising on the BSE.

The broader markets fell more than benchmark indices as the Nifty Midcap was down 1.7 percent and Smallcap index 1 percent.

HEADLINES OF THE DAY

Results to be announced on July 19

Reliance Industries, RBL Bank, Dhanuka Agritech, Mahindra CIE Automotive, JM Financial, Phillips Carbon Black, Dabur India, L&T Technology Services, ICICI Lombard General Insurance Company, Bhageria Industries, Hindustan Zinc, L&T Finance Holdings, InterGlobe Aviation and Bandhan Bank will declare their June quarter earnings on July 19.

The Indian rupee depreciated 14 paise to trade at around 68.96 against the US dollar.

IDFC First Bank said India Ratings revised outlook on senior debt to negative and reaffirmed rating at AA+.

City Union Bank said board approved raising upto Rs 500 crore through QIP.

The crucial resistance for Nifty spot is now seen at 11300 and above this 11160 Support for the immediate term is now placed at 11760 next support will be 11900.

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Closing Bell: Nifty gains for 3rd day but fails to hold 11,700; Midcap index underperforms.

Benchmark indices continued to gain for third consecutive session with the Nifty reclaiming 11,700 level intraday, driven by banks, FMCG and IT stocks.

The BSE Sensex was up 84.60 points at 39,215.64 and the Nifty50 rose 24.90 points to 11,687.50 while Nifty Bank gained 165 points.

But the market breadth was in favour of bears as about 1,350 shares declined against 1,099 advancing shares on the BSE.

HEADLINES OF THE DAY

ICICI Lombard General Insurance said Vishal Mahadevia resigned as Non-executive, Independent Director of the company.

Housing finance firm Home First Finance Company (HFFC) is mulling worth Rs 1,500-crore initial public offer, reports suggest.

Kotak Mahindra, Indiabulls Housing, HCL Technologies were the biggest gainers, while Yes Bank, ONGC and Eicher Motors were the top losers.

Yes Bank fell nearly 9 percent from day's high of Rs 108.40 intraday on caution ahead of June quarter earnings due later today.

The crucial resistance for Nifty spot is now seen at 11800 and above this 11960 Support for the immediate term is now placed at 11500 next support will be 11360.

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CapitalStars News Update: Demand of import duty gives pricing power to paper industry; 3 stocks could give 20-23% return

Manali Bhatia

China being the major consumer of paper worldwide at 106 million tonnes, followed by the US at 71 million tonnes and India sharing the same scale of population as in China consumes a very little share which makes us understand the fact that India has a lower penetration rate and enjoys a greater scope of growth.

Talking particularly of the packaging sector, around 55 percent of the global consumption of paper is in wrapping and packaging. India is still behind in this particular segment. Plastic used to be the first choice of manufacturers for packaging.

In the recent past, state governments have taken a series of measures to ban plastic and ensured strict compliance in plastic industry. This move has helped gain traction for paper packaging industry, though not fully scaled up yet, and would increase its demand in the coming years. Also, a robust demand in food industry, mono cartons in the pharma sector, and multiple orders online is expected to drive substantial demand for paper packaging.

Secondly, China has banned import of certain waste grade of paper owing to environmental concerns resulting in decrease of waste paper prices. India which imports around 40 percent of waste paper stands to benefit out of the same. As already India has scarcity of Pulp wood, the raw material used for manufacturing paper, and in the coming years owing to environmental concerns this scarcity is expected to shoot up further, giving pricing power to this industry. Attributes to this pricing power is also due to limited production (68.58 lakh tones) and increase in consumption (109.27 lakh tones).

Thirdly, there is a demand by major players to increase import duty on paper products, currently at 0 percent as per FTA. If it does, it would also provide benefit to this sector.

Also, the “Going digital” slogan was expected to be major slowdown in the paper sector. But, nevertheless, it should be known that paper packaging would be a boon for this industry.

JK Paper 

The last quarter has been the best for FY19. A surge in price of paper has contributed to an upside in revenue. Moreover, most of the pulp is derived from plantations close to their manufacturing units attributing to reduction in material costs and expansion of margins.


The company is having two large integrated paper manufacturing units with combined capacity of 4,55,000 TPA and is already running at 100 percent capacity utilization. At the Sirpur plant, two machines will start producing from the second quarter and the other two machines will be ready for production by September-October 2019. Thereby, the full capacity will be used for production purposes by October.

This additional expansion will help grow by at least 20 percent in volume terms. Furthermore, an expansion plan is in line for new packaging board machine and pulp mill in Gujarat, awaiting environmental clearance where an additional new board machine of 1.7 lakh tone or two lakh ton would be added.

Also, it would be putting up a pulp mill of almost 1.5 lakh ton capacity in the next two years.

The company has a healthy financial profile; the net debt has been brought down significantly to Rs 700 crore in fiscal 2018-19 and the surplus cash being generated in going ahead will be used for repaying the debts.

Huhtamaki PPL

Being having strong legacy, a unique client base and relative inelasticity of FMCG sector (derives 80-90 percent of revenue) to economic cycles, coupled with global footprint of parentage, and deep market penetration; aids company to make profits in long run.

In 2018, it suffered from extra provisioning on account of income tax and interest. However, from Q4 CY 18, most issues have been settled down and delivered vigorous Q1 CY19 results. Forthcoming, it expects topline to grow at 10-12 percent and likely to see 60-80 Bps ramp up in operating margin in the next two years. But, the margin growth depends on upcoming monsoon, scenario of FMCG sector and volatility in crude oil prices.

Increasing capacity utilization to a maximum of 80-85 percent, improving demand for flexible packaging, and NASP initiatives would enable to improve its volume growth and boost revenues as well as profits ahead. In addition, the acquisition of PPIL and Ajanta Packaging (India) would help consolidating its position in pressure sensitive label business, and is likely to be EPS accretive as well, which could help to expand strong foothold and growth too.

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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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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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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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Sensex ends flat, Nifty below 10,400; midcaps see strong trade

Capitalstars Financial Research Pvt. Ltd.

First session of November 2018 began on a subdued note, with the Nifty ending below 10,400-mark.
Banks were the gainers during the session, while infrastructure and metals rose during trade as well. Pharmaceuticals, IT, and consumption names were the big losers in trade today. However, there was some outperformance in the broader markets, with the Nifty Midcap index rising a percent.

At the close of market hours, the Sensex closed down 10.08 points or 0.03% at 34431.97, while the Nifty ended lower by 6.10 points or 0.06% at 10380.50. The market breadth is positive as 1,590 shares advanced, against a decline of 990 shares, while 124 shares were unchanged.
Yes Bank, Axis Bank, and Hindalco were the top gainers, while Infosys, NTPC, HCL Tech and Dr Reddy’s Labs lost the most.

HEADLINES OF THE DAY

TVS Motor October sales: Total sales up 26 percent at 3.98 lakh units versus 3.17 lakh units, 2-wheeler sales up 25 percent at 3.84 lakh units versus 3.08 lakh units, YoY.Tata Motors October sales: Total sales was up 17 percent at 62,264 units against 53,197 units, total domestic sales rose 18 percent at 57,710 units against 48,886 units, YoY.

Orders Win: NCC has received four new orders totalling
HDFC Q2 profit jumps 25% to Rs 2,467 cr on stake sale in AMC to Rs 1,345.78 crore (exclusive of GST) in the month of October, 2018.
Marico Q2: Net profit at Rs 218.3 crore, revenue at Rs 1,836.8 crore
MAHINDRA & MAHINDRA AUTO SALES | The company reported total auto sales at 58,416 units, which grew 14 percent as compared to 51,160 units in the previous year.

Results to be announced tomorrow :- Aarti Drugs,Allahabad Bank,Axis Bank,Bata India,Bharat Forge,Equitas Holding,Gillette India,GSFC,PNB,Sonata,Sun TV Network,Tata Chemicals,Whirlpool.

The crucial resistance for Nifty spot is now seen at 10450 and above this 10610 Support for the immediate term is now placed at 10250 next support will be 10100.

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Market weekly wrap up

Capitalstars Financial Research Pvt. ltd.

Sensex and Nifty posted their second consecutive weekly loss, falling nearly 2.8% during the week to their lowest levels in over seven months. Both the benchmark domestic market indices have fallen over 8% in October, wiping off nearly all gains of 2018. On the last trading day of the week, the market entered the November derivatives series on a weak note, with the Sensex plunging over 400 points from its Friday’s high while the Nifty managed to hold on to the 10,000 mark.

A sharp sell-off across global equity markets, coupled with fresh weakness in the rupee against the dollar and a mixed bag of quarterly corporate earnings, contributed to the decline in the headline indices. Unabated capital outflows and derivatives expiry, too, kept investor sentiment on tenterhooks. Despite easing crude prices, the rupee posted its first weekly loss against the US dollar in three weeks, closing at 73.46 against the greenback on Friday.

During the week, private sector lender Yes Bank reported a 4% dip in its net profit for the second quarter ended September 2018 to Rs 964.7 crore, as asset quality dropped and provisions rose a little over 50% from the previous quarter. Following the results, Yes Bank share price plummeted 15% to a nearly one-month low before a sharp recovery later. Among other major results, Bharti Airtel posted better-than-expected earnings, while ITC posted a 12% rise in its quarterly net profit led by double-digit growth in its cigarette, hotels and agri businesses.

Weekly losses: The Sensex slumped 966 points or 2.81% to close the week at 33,349.31 points. The Nifty 50 of the National Stock Exchange fell 274 points or 2.7% to end at 10,030 points week-on-week.

Top weekly Sensex gainers: Bharti Airtel (4.24%), HDFC (2.63%), Coal India (1.83%) and ICICI Bank (0.05%).

Securities in Ban For Trade Date 26-OCTOBER-2018
1.Adanipower

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Sensex dips over 100 pts, Nifty inches towards 10,100

Capitalstars Financial Research Pvt. ltd.

Indian Indices:               
                                        Benchmark indices remained under pressure in late morning deals, though both were off their early trade lows. Banking & financials, technology and FMCG stocks weighed down the market.

The 30-share BSE Sensex was down 169.27 points to 33,520.82 and the 50-share NSE Nifty fell 57.50 points to 10,067.40.

Global Market:

• Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.22% while the Hang Seng is down 1.12%. The Shanghai Composite is not trading.

• US Markets: Dow surges 400 points as tech jump leads recovery from Wednesday's sell-off.

• European markets: European markets finished broadly higher today with shares in France leading the region. The CAC 40 is up 1.60% while Germany's DAX is up 1.03% and London's FTSE 100 is up 0.59%.

Major Headlines of the day:

• Asian shares struggle to shake off rout despite Wall St. bounce.
• Yes Bank says it 'is comfortable' despite Rs 2,620 cr loan exposure to IL&FS subsidiaries.
• HCL Tech working on autonomous car platform, IoT to drive engineering and R&D.
• Bank of Baroda, Dena Bank and Vijaya Bank to appoint valuers for merger.

Results to be announced today :- Atul,Coromandel Int,Dr Reddys Labs,Edelweiss,ICICI Bank,ITC,Kolte-Patil,Kirloskar Oil,Mahindra Life,Nestle,Shoppers Stop,UPL.

Trend in FII flows:-  The FIIs were Net Value of Rs  -1495.71 segment while the DIIs were Net Value of  339.6 per the provisional figures.

Securities in Ban For Trade Date 26-OCTOBER-2018
1.Adanipower

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Sensex falls 400 pts, Nifty around 10,100; Bharti Airtel slides 5%

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:         
                                         Selling pressure has dominated on the market on Thursday morning, with the Nifty trading below 10,150. The Sensex is down over 250 points.

Energy names continue to trade in the red, along with metals, automobiles, infrastructure and banking names. The midcap index is down around a percent as well.

The Sensex is down 268.84 points or 0.79% at 33765.12, while the Nifty is down 81.30 points or 0.80% at 10143.50. The market breadth is negative as 419 shares advanced, against a decline of 1,058 shares, while 2,118 shares were unchanged.

Wipro and TCS are the top gainers, while Bharti Airtel, IndusInd Bank, and Indiabulls Housing have lost the most.

Global Market:

• Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 2.80% while the Hang Seng is down 1.82%. The Shanghai Composite is not trading.

• US Markets: Dow erases gains for the year, tumbles more than 600 points as stocks extend October swoon.

• European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.11%, while the DAX led the CAC 40 lower. They fell 0.73% and 0.29% respectively.

Major Headlines of the day:

•   Ambuja Asian shares slump as Wall Street erases all of 2018 gains.

•   Rupee US markets plunge; S&P 500, Dow erase 2018 gains.

• Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 97 points or 0.95 percent. Nifty futures were trading around 10,140- level on the Singaporean Exchange.

• Oil prices fall 1% amid global stock market slump

•   Results to be announced today :- Aptech,Bharti Airtel,BHEL,Biocon,Ceat,CG Consumer,DB Corp,Dish TV,Force Motors,JM Financial,JSW Steel,Kajaria Ceramic,Maruti Suzuki,Oriental Bank,Piramal Enter,Praj Industries,PVR,Quess Corp,Raymond,Shriram Trans,Tata Coffee,Yes Bank.

Trend in FII flows:-  The FIIs were Net Value of Rs  -2046.54 segment while the DIIs were Net Value of  1873.51 per the provisional figures.

Securities in Ban For Trade Date 25-OCTOBER-2018
1.Adanient
2.Adanipower
3.Dhfl.

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Indices under pressure as Nifty slips below 10,300; NBFC stocks down 3-15%

Capitalstars Financial Research Pvt. Ltd.

Indian Indices: 
                                         The benchmark indices are regain some ground buy still under pressure with Nifty trading below 10,350 mark, while Sensex is down 300 points.After a flat opening Indian rupee is trading higher by 10 paise at 73.50 per dollar against Wednesday's close 73.60.Shares of Dilip Buildcon touched 52-week low of Rs 447.65, but gained nearly 5 percent intraday Friday as broking house Citi maintained buy with a potential upside of 107 percent. Citi cut target price to Rs 966 from Rs 1,271 per share.

Global Market:

• Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.09% while the Hang Seng is down 0.25%. The Shanghai Composite is not trading.

• US Markets: Dow ends more than 300 points lower on worries about global growth, interest rates.

• European markets: European markets finished broadly lower today with shares in Germany leading the region. The DAX is down 1.07% while France's CAC 40 is off 0.55% and London's FTSE 100 is lower by 0.39%.

Major Headlines of the day:

•   RIL Q2 profit up 0.6% QoQ, GRM at $9.50/bbl; to buy controlling stake in Hathway Cable, DEN.
•   Brokerages estimate UltraTech's Q2 profit in range of Rs 430-520 cr, volume growth key.
•   Asia shares extend slump as global sentiment sours.
•   Results to be announced today :- ICICI Securities,SBI Life Insura,UltraTechCement.

Trend in FII flows:-  The FIIs were Net Value of Rs  140.02 segment while the DIIs were Net Value of  -343.11 per the provisional figures.

Securities in Ban For Trade Date 19-OCTOBER-2018
1.Dhfl
2.Adanipower
3.Jetairways.

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