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 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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HDFC Bank could report more than 20% growth in Q1 profit, NII

HDFC Bank, which has the highest weightage in the Nifty50, is expected to report more than 20 percent growth in profit, net interest income (NII) and pre-provision operating profit on July 20.

Loan growth could also be healthy, driven by corporate advances who may provide strong support after the NBFC slowdown. However, there may be a slight slow-down of growth on the retail book.

HDFC Bank fell 1.16 percent ahead of June quarter earnings, but in last nine months, it gained 21 percent, giving major support to benchmark indices.

"NII is expected to grow by 25 percent YoY driven by stable NIM and healthy loan book growth. The NIM is expected to be stable even with rising cost of fund on account of increase in unsecured high yielding portfolio," said Narnolia which expects profit growth at 24 percent and pre-provision operating profit at 25 percent YoY for the quarter.

The brokerage expects income growth from fees to remain moderate, given that it is impacted by regulatory changes in mutual fund distribution fee income.

However, the bank's management had earlier said it expects the growth of 15-16 percent in fee income at some point of time going ahead.

According to ICICI Direct, profit growth is likely to be around 23.4 percent, NII at 22.4 percent and pre-provision operating profit 25.8 percent in Q1 compared to year-ago.

"Advances run rate is expected to slow down at around 17 percent YoY. The retail segment, which has been the growth engine in recent quarters, is seen remaining behind led by a cautious approach in unsecured lending products and a slowdown in auto sales. Corporate segment growth may remain healthy as the bank continues to remain a beneficiary of NBFC slowdown, as seen last quarter," ICICI Direct said, adding that asset quality is expected to remain steady.

Motital Oswal also said asset quality is expected to remain stable, with gross non-performing assets at around 1.3 percent for Q1 FY20.

Key issues to watch for would be the outlook on SME and retail book as management indicated some stress in same, and trends in digital banking/payments and various initiatives.

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Sensex ends 361 points higher ahead of exit polls, Nifty just short of 10,700; Kotak Bank up 9%.

Capitalstars Financial Research Pvt. Ltd.

Equity benchmarks ended the session on a positive note, with the Nifty ending well above 10,650-mark.
Investors awaited cues from exit polls of elections in five states.
Financials led the surge, backed by a huge jump in Kotak Mahindra Bank.

Meanwhile, automobiles and consumption names were the big gainers, while the Nifty Midcap ended flat.
At the close of market hours, the Sensex was up 361.12 points or 1.02% at 35673.25, while the Nifty was higher by 92.50 points or 0.87% at 10693.70. The market breadth was negative as 1077 shares advanced, against a decline of 1458 shares, while 155 shares were unchanged.
Kotak Mahindra Bank, Adani Ports, and Bajaj Finserv were the top gainers, while Sun Pharma, Coal India, HCL Tech and GAIL lost the most.

HEADLINES OF THE DAY

ICRA has revised Jet Airways’ long term loans and NCD rating to ‘C’ from ‘B’, while the outlook is negative.
Shares of Dilip Buildcon rose 4.4 percent as company bagged order worth Rs 1,000 crore from Mahanadi Coalfield.
Kotak Mahindra Bank, in an exchange filing, has said that it is unaware of any plans by Berkshire Hathaway to buy a stake in the bank. The lender has issued a clarification based on a story by CNBC-TV18 that Warren Buffet company was looking to buy 10 percent stake.

Russia wants to cut oil output by max 150,000 bpd for first three months of 2019, according to Reuters reports.
Sebi imposed a fine of Rs 5 lakh on Bampsl Securities for violating disclosure norms regarding the change in shareholding of Kay Power Paper. The Securities and Exchange Board of India (Sebi) conducted a probe regarding the trading in the scrip of Kay Power from June to August, 2014.
Techno Electric has bagged orders worth Rs 313 crore.
GAIL India shares fell 4.5 percent in morning after global research house feels upcoming quarterly results for the company may be quite weak.

The crucial resistance for Nifty spot is now seen at 10800 and above this 10960 Support for the immediate term is now placed at 10510 next support will be 10420.

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GDP growth at 7.1% seems disappointing

Capitalstars Financial Research pvt. ltd.

GDP growth for second quarter 2018-19 at 7.1 per cent seems disappointing. Manufacturing growth at 7.4 per cent and agriculture growth at 3.8 per cent is steady. Construction at 6.8 per cent and mining at minus 2.4 per cent reflect monsoon months deceleration," he said in a tweet.

"First half GDP growth is at 7.6 per cent and is quite robust and healthy. Still the highest growth rate in the world," he said.

His remarks came after the official data released on Friday showed that the pace of India's Gross Domestic Product (GDP) growth slowed during the second quarter of 2018-19 to 7.1 per cent from 8.2 per cent in the first quarter. It was 6.3 per cent in the corresponding period of the previous fiscal.

2QFY19 GDP missed consensus slightly despite favourable base effects, with the slowdown concentrated in consumption on the expenditure-end. Farm sector performance and non-public admin sectors have been a drag on sectoral breakdown. The softer 1HFY growth pace will reinforce expectations that March 2019 growth will be sub-7 percent by the March 2019 quarter, with full-year real GDP growth to be close to 7 percent."

"Easing inflation and a wider output gap will see the central bank pause in December and the rest of FY19. The likelihood and scale of policy tightening in FY20 hinge on external developments, particularly rupee and oil.

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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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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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Nifty back above 10,150, Sensex down over 50 points;

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:                     
                                           The market is trading volatile on Wednesday with Nifty trading around 10,150 mark, while Sensex is down over 50 points.The Sensex is down 69.35 points or 0.20% at 33821.78, while the Nifty down 15.20 points or 0.15% at 10183.20. About 1002 shares have advanced, 1090 shares declined, and 1551 shares are unchanged. Infosys, HDFC, IndusInd Bank, Sun Pharma and Axis Bank are the top gainers on the Sensex.

Global Market:

• Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 1.55% while the Hang Seng is up 0.63%. The Shanghai Composite is not trading.

• US Markets: Stock market turns negative amid report that U.S. set to impose tariffs on all remaining Chinese imports.

• European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.14%, while the DAX led the CAC 40 lower. They fell 0.42% and 0.22% respectively.

Major Headlines of the day:

• L&T announces Q2 result today: Healthy order inflow expected to boost profit.
• Rupee opens weak at 73.92 per dollar.
• Results to be announced today :- Adani Enterprises,Adani Power,Ajanta Pharma,Bajaj Steel,Balrampur Chini,Canara Bank,Castrol,Dabur India,Dhampur Sugar,Escorts,HEG,Larsen,Lupin,Tata Motors,Vedanta.

Trend in FII flows:-  The FIIs were Net Value of Rs  -1592.02 segment while the DIIs were Net Value of  1363.04 the provisional figures.

Securities in Ban For Trade Date 31-OCTOBER-2018
1.Adanipower

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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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Volatile trade continues on D-Street; Sensex up 150 points, Nifty struggles around 11,000

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:
                                        There’s a sharp recovery seen on D-Street. The Sensex is trading higher by over 100 points, while the Nifty is looking to clinch 11,000-mark.

The Sensex is up 103.67 points or 0.29% at 36408.69, while the Nifty is higher by 26.60 points or 0.24% at 10994.00. The market breadth is negative as 873 shares advanced, against a decline of 1,196 shares, while 118 shares were unchanged.

Buying counters are now buzzing in the financials space, with the Bank Nifty trading over one-third of a percent higher. Automobiles, pharmaceuticals and IT sectors are trading higher as well.  In the broader markets, midcaps are trading higher by one-fifth of a percent. Here is a look at the heatmap chart on Sensex.

Global Market:

•    Asian markets: Japanese shares are higher today as the Nikkei 225 gains 0.17%. The stock markets in Hong Kong and Shanghai are closed at this time.

•    US Markets: Stocks pressured as US-China trade fight revives growth fears; oil elevated.

•    European markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.64% while London's FTSE 100 is off 0.42% and France's CAC 40 is lower by 0.33%.

Major Headlines of the day:

•       Aavas Financiers IPO to open on September 25
•       Asian stocks pressured as US-China trade fight revives growth fears; oil elevated.

Trend in FII flows:-  The FIIs were Net Value of Rs -523.94 cash segment while the DIIs were Net Value of  1527.67 per the provisional figures.

Securities in Ban For Trade Date 25-SEPTEMBER-2018
1.Adanient
2.Adanipower

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Bulls put up a fight as Sensex trades higher, Nifty looks to hold 11,300; pharma reverses losses

Capitalstars Financial Research Pvt. ltd.

 Indian Indices:   
                                          Pharmaceuticals have reversed their losses and trading in the green, while FMCG and IT sectors are also seeing a rally. The positive moves in these sectors, along with a rally in index heavyweights such as ITC, HUL and HDFC Bank are helping the indices stay in the green zone.

The Sensex is up 75.45 points or 0.20% at 37488.58, while the Nifty is higher by 15.00 points or 0.13% at 11302.50. The market breadth is negative as 768 shares advanced, against a decline of 1,374 shares, while 106 shares were unchanged.

Global Market:

•    Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.41% while the Hang Seng is down 0.38%. The Shanghai Composite is not trading.

•    US Markets: Dow rises more than 100 points as Apple leads tech shares higher.

•    European markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.27%, while the DAX led the FTSE 100 lower. They fell 0.13% and 0.08% respectively.

Major Headlines of the day:

•     Cipla gets South African regulator's approval for new HIV drug.
•     Asia stocks wobble near 14-month lows on simmering trade worries.

Trend in FII flows:-  The FIIs were Net Value of Rs -1454.36 cash segment while the DIIs were Net Value of  749.62 per the provisional figures.

Securities in Ban For Trade Date 12-SEPTEMBER-2018
NIL

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