Closing Bell: Nifty ends below 11,100, Sensex falls 289 pts; PSU banks tumble 5%, Bharti Airtel up 3%.

Indices fell for the second consecutive day on July 30 with Nifty ended below 11,100 level on the back of selling in PSU banks, metal and auto.

At close, the Sensex was down 289.13 points at 37,397.24, while Nifty was down 103.80 points at 11,085.40. About 567 shares have advanced, 1907 shares declined, and 109 shares are unchanged. 

Yes Bank, IndusInd Bank, Indiabulls Housing, Hero Motocorp and Sun Pharma were among major losers on the Nifty, while gainers were Bharti Airtel, TCS, HCL Tech, ITC and HUL.

Except IT, all other sectoral indices ended in the red led by PSU bank (down 4.9%), metal (down 3.3%), auto (down 2%), pharma (down 2.2%) followed by energy, FMCG and infra.

HEADLINES OF THE DAY

Kalpataru Power Q1: Net profit up 17.6% at Rs 100 crore versus Rs 85 crore, revenue up 33% at Rs 2,771 crore versus Rs 2,084 crore, YoY.

Solar Industries Q1: Net profit up 2.2% at Rs 71.1 crore against Rs 69.6 crore. Revenue up 0.9% at Rs 620 crore against Rs 614.7 crore, YoY.

Cholamandalam Investment Q1: Net profit rose 12.1% at Rs 315.2 crore against Rs 281.3 crore, NII up 16% at Rs 943 crore versus Rs 811 crore, YoY.

Indiabulls Housing Finance will issue an offer to all Debenture holder(s) for pre-mature redemption of the NCDs held by them at par. The process of offer and buyback / pre-mature redemption of these NCDs will be completed by August 14, 2019.

The crucial resistance for Nifty spot is now seen at 11200 and above this 11360 Support for the immediate term is now placed at 10960 next support will be 10880.

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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 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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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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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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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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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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