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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Sensex closes over 100 points lower, Nifty below 10,900; IT stocks gain.

capitalstars Financial research pvt. ltd.

Shares have closed lower, amid caution ahead of RBI’s monetary policy committee meeting outcome on Wednesday. Uncertainty over US-China trade truce has also weighed on indices. 

Among sectors, weakness was visible among automobiles, banks, consumption and infrastructure names, while IT and pharma index ended in the green. The Nifty Midcap index was lower by around one-third of a percent. 

At the close of market hours, the Sensex closed down 106.69 points or 0.29% at 36134.31, while the Nifty was lower by 14.30 points or 0.13% at 10869.50. The market breadth is negative as 1154 shares advanced, against a decline of 1393 shares, while 143 shares were unchanged.

ONGC, Wipro, and BPCL were the top gainers, while Sun Pharma and M&M lost the most.  

HEADLINES OF THE DAY

Uflex shares rallied 6.5 percent intraday Tuesday on receiving patent from the United States for BOPET film. Ramco System shares climbed 4.4 percent intraday after the company joined hands with KPMG Malaysia to offer HR & payroll business platform as a service (BPaaS).

Tata Motors Plans Large-scale Overhaul Of Its Sales Network.

Govt Not To Participate In LIC's Open Offer In IDBI Bank.

IL&FS New Board Says Group-level Resolution For Crisis, Debt Unlikely.

IDBI Bank Tuesday said government will not participate in LIC's open offer to acquire 51 percent stake in the bank.

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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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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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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Sensex ends over 300 points higher, Nifty closes above 10,550; Eicher Motors up 6%.

Capitalstars Financial Research Pvt. Ltd.

It’s a good end to the trade on Tuesday, with the Nifty closing at 10,582.
In terms of sectors, energy, infra, metals, banks and automobiles were the top gainers, while pain was seen in the pharmaceuticals’ space. The midcap index, too, ended on a positive note, closing over one-third of a percent higher.
At the close of market hours, the Sensex ended up 331.50 points or 0.95% at 35144.49, while the Nifty closed up 100.30 points or 0.96% at 10582.50. The market breadth was narrow as 1,305 shares advanced, against a decline of 1,283 shares, while 150 shares were unchanged.
Shares of NTPC, ICICI Bank, Eicher Motors and IOC were the top gainers, while Sun Pharma and Tata Motors lost the most.

HEADLINES OF THE DAY

United Bank of India's second quarter (Q2FY19) net loss widened to Rs 883.2 crore against Rs 344.8 crore in a year ago period. The company had posted a net loss of Rs 388.68 crore in the quarter ended June 2018.
RBI may keep repo rate unchanged in rest of FY19: Report.
Reliance Infrastructure wins arbitration award: Reliance Infrastructure has won Rs 16.14 crore arbitration award against National Highway Authority of India (NHAI).

Eicher Motors strike called-off: The entire workforce at Royal Enfield’s Oragadam facility reported to work today, bringing an end to the strike, effective November 13, 2018. All three plants of the company are now operational at their full capacity.
Apollo Tyres Q2: Consolidated net profit rose 4 percent at Rs 146 crore against Rs 140.2 crore, revenue was up 22.5 percent at Rs 4,257.4 crore against Rs 3,476.6 crore, YoY.
RITES Q2 result: Net profit rose 59.4 percent at Rs 116.7 crore against Rs 73.2 crore. Revenue was at Rs 433.3 crore against Rs 195.2 crore, YoY.

The crucial resistance for Nifty spot is now seen at 10640 and above this 10800 Support for the immediate term is now placed at 10410 next support will be 10280.

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Last-hour selling drags Sensex lower by 345 points, Nifty ends below 10,500

Capitalstars Financial Research Pvt. Ltd.

The market ended on the negative note on Monday with Nifty slipped below 10,500 level
Midcap and smallcap has performed in line with the major indices. Among the sector, automobiles, PSU bank were down more than 2 percent, while metal, pharma, infra and energy stocks were among the major losers.

HPCL, Tata Motors, IOC, Bajaj Finance and Hindalco Industries lost the most.
The Sensex ended down 345.56 points at 34,812.99, while Nifty was down 103 points at 10482.20. About 1068 shares have advanced, 1527 shares declined, and 154 shares are unchanged.

HEADLINES OF THE DAY

Generic facility of Biocon in Bengaluru completes USFDA inspection
Wockhardt gains ~8% post Q2FY19 numbers
Tata Motors slips 4% after weak JLR sales figure

The crucial resistance for Nifty spot is now seen at 10700 and above this 10830 Support for the immediate term is now placed at 10440 next support will be 10300.

RESULTS TOMORROW:  ASHOKLEY, ENGINERSIN, GRASIM, GLENMARK, JINDALSTEL, SUNPHARMA, TATASTEEL, UNITEDBANK, NMDC


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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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MCX EVENING UPDATES : 24 Oct 2018

capitalstars financial research pvt ltd

BULLION:-

Gold prices inched up on Wednesday after hitting their highest in over three months in the previous session, as global political and economic uncertainties underpinned safe-haven support for the metal. Spot gold XAU= was up 0.1 percent at $1,230.96 an ounce at 0751 GMT. On Tuesday, it touched its highest since July 17 at $1,239.68. Meanwhile, markets awaited British Prime Minister Theresa May's key address to Conservative Party lawmakers in parliament due later on Wednesday, as she seeks to calm growing tensions over her Brexit strategy. denominated gold is used as an alternative investment during times of political and financial uncertainty. While the dollar is also considered a safe haven currency, weakness in U.S. equities has tended to undercut its appeal especially as talk of a peak in U.S. corporate earnings has raised concerns about the outlook for economic growth.

ENERGY:-

Oil slipped to around $76 a barrel on Wednesday, paring losses after hitting its lowest since late August, pressured by concern that demand is weakening and supply ample even as U.S. sanctions loom on oil exporter Iran. In a sign supply is plentiful, industry group the American Petroleum Institute said on Tuesday U.S. crude stocks had risen by 9.9 million barrels - more than forecast. The U.S. government's supply report is due at 1430 GMT. "Rising oil inventories and growing petro-nations' output calm the supply fears related to the Iran oil embargo," said Norbert Ruecker, head of macro and commodity research at Swiss bank Julius Baer. A sell-off in equities due to concern about the economic outlook also weighed on crude on Tuesday. Forecasters such as the International Energy Agency already expect slower oil-demand growth for 2019 due to a slowing economy.


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Sensex down over 150 points, Nifty breaks 11,000; pharma stocks decline

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:
                                        Weakness has resumed on the market, with Nifty breaching 11,000-mark, while the Sensex is down 170 points. The Sensex is down 174 points or 0.4% at 36368.2, while the Nifty is lower by 60.6 points or 0.5% at 10993.2. The market breadth is negative as 748 shares advanced, against a decline of 1,547 shares, while 153 shares were unchanged.

The benchmark indices are trading lower in the afternoon trade ahead of September F&O expiry with Nifty hovering around 11,000 level.The Sensex is down 122.36 points at 36419.91, while Nifty is down 44.90 points at 11008.90. About 805 shares have advanced, 1472 shares declined, and 149 shares are unchanged.
Yes Bank, Sun Pharma, HDFC, ONGC and Maruti Suzuki are the top losers on the Sensex

Global Market:  

 Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.13% while the Hang Seng is down 0.26%. The Shanghai Composite is not trading.

US Markets: US Federal Reserve raises key interest rate by 25 bps.

European markets: European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.61% while Germany's DAX is up 0.09% and London's FTSE 100 is up 0.05%.

Major Headlines of the day:

•        Indian rupee opens higher by 19 paise at 72.42 per dollar.
•       US Fed raises interest rates, flags end of 'accommodative' policy.

Trend in FII flows:-  The FIIs were Net Value of Rs -809.95 cash segment while the DIIs were Net Value of  1555.44 per the provisional figures.

Securities in Ban For Trade Date 27-SEPTEMBER-2018
1.Adanipower
2.Jetairways
3.PNB

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Selloff grips D-Street as Sensex falls around 200 points; Nifty hovers around 11,000; Indiabulls Housing rises 7%

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:  
                                       A sharp selloff has gripped the market in the past few minutes. The Sensex has fallen nearly 200 points, while the Nifty is trading near 11,000-mark. 

Financials, particularly PSU banks, are dragging the indices along with automobiles and FMCG names. Nifty IT index is also down over 1 percent. Midcaps, too, have given up all their gains. The Nifty Midcap index is trading quarter of a percent lower.

Tata Motors, ITC, and HCL Tech are the top losers, while Yes Bank, IndusInd Bank, and Indiabulls Housing have gained the most.

Global Market:

•    Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.06% while the Hang Seng is up 1.48%. The Shanghai Composite is not trading.

•    US Markets: Dow falls, erasing earlier gains, after tough trade talk from Trump administration.

•    European markets: European markets finished higher today with shares in London leading the region. The FTSE 100 is up 0.66% while Germany's DAX is up 0.19% and France's CAC 40 is up 0.05%.

Major Headlines of the day:

•       US-China trade war dims Asia's 2019 growth outlook: Asian Development Bank.
•       Banks expect to recover Rs 1.80 lakh cr from NPAs: FM Arun Jaitley.


Trend in FII flows:-  The FIIs were Net Value of Rs -1231.7 cash segment while the DIIs were Net Value of  2284.26 per the provisional figures.

Securities in Ban For Trade Date 26-SEPTEMBER-2018
1.Adapower
2.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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Selling grips D-Street! Sensex plunges over 450 pts, Nifty breaks 11,400; HDFC twins fall

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:              
                                            Weakness in the Indian market has continued through the opening session, with the Nifty still hovering around 11,400. The Sensex is down over 300 points. 

Global markets are reacting to escalating trade war tensions, while weak rupee and lack of a positive reaction to government measures to address the currency issues are all dragging indices lower.

The Sensex is down 338.15 points or 0.89% at 37752.49, and the Nifty down 94.90 points or 0.82% at 11420.30. The market breadth is negative as 882 shares advanced, against a decline of 1,110 shares, while 137 shares are unchanged.

Wipro, Sun Pharmaceuticals, and Tech Mahindra are the top gainers, while HDFC, SBI, and Titan have lost the most.

Global Market:

•    Asian markets: Shares in Hong Kong are lower today as the Hang Seng falls 1.74%. The stock markets in Tokyo and Shanghai are closed at this time.

•    US Markets: S&P 500 ekes out 5-day winning streak as chipmakers rise.

•    European markets: European markets finished higher on Friday with shares in Germany leading the region. The DAX is up 0.57% while France's CAC 40 is up 0.46% and London's FTSE 100 is up 0.31%.

Major Headlines of the day:

•      IRCON International IPO opens.

•      Asian share markets slipped on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing.

Trend in FII flows:-  The FIIs were Net Value of Rs 1090.56 cash segment while the DIIs were Net Value of  115.14 per the provisional figures.

Securities in Ban For Trade Date 17-SEPTEMBER-2018
1.Adanient
2.Balramchin

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