Sensex closes 373 points higher, Nifty above 10,600; FMCG leads rally

Capitalstars Financial Research pvt. ltd.

Shares were off to a flying start on Monday, thanks to a sharp rally among consumption names in the last couple of hours.

Among sectors, financials, automobiles, consumption, and IT names were in the green, while investors sold metals and pharmaceuticals segments. In the broader markets, Nifty Midcap index underperformed benchmarks, but closed with gains of around 0.2 percent.

At the close of market hours, the Sensex was up 373.06 points or 1.07% at 35354.08, while the Nifty ended higher by 101.80 points or 0.97% at 10628.60. The market breadth was negative as 1,080 shares advanced, against a decline of 1,508 shares, while 160 shares were unchanged.
Hero MotoCorp, Wipro, and HUL are the top gainers, while ONGC, Sun Pharma, and Yes Bank lost the most.

HEADLINES OF THE DAY

Lupin receives USFDA approval for Clomipramine HCL capsules
BEML bags order worth Rs3,015cr for Mumbai Metro
Alembic Pharma JV gets USFDA approval for Lidocaine ointment

The crucial resistance for Nifty spot is now seen at 10700 and above this 10830 Support for the immediate term is now placed at 10500 next support will be 10440.


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Choppy trade continues on D-Street, Sensex down around 200 points; Nifty around 11,100

Capitalstars financial Research Pvt. ltd.

Indian Indices:  
                                         Benchmarks are off their low points, with the Sensex trading lower by around 150 points. The Nifty is hovering around 11,100-mark. 

Among sectors, banks, automobiles, and pharmaceuticals have taken a hit, while metals and IT names are the big gainers. The Nifty Midcap index is down over a percent. 

At 10:24 hrs IST, the Sensex is down 142.55 points or 0.39% at 36699.05, while the Nifty is down 57.20 points or 0.51% at 11085.90. The market breadth is negative as 518 shares advanced, against a decline of 1,554 shares, while 111 shares were unchanged.

Global Market:

•    Asian markets: Shares in Hong Kong are lower today as the Hang Seng falls 1.24%. The stock markets in Tokyo and Shanghai are closed at this time.

•    US Markets: F&O rollover, Fed rate decision to be key market movers next week.

•    European markets: European markets finished broadly higher on Friday with shares in London leading the region. The FTSE 100 is up 1.67% while Germany's DAX is up 0.85% and France's CAC 40 is up 0.78%.

Major Headlines of the day:

•       Options data indicates an immediate trading range of 11,000-11,400.
•       RBI and SEBI: Closely monitoring financial markets, ready to take action.


 Trend in FII flows:-  The FIIs were Net Value of Rs 760.7 cash segment while the DIIs were Net Value of  497.03 per the provisional figures.


Securities in Ban For Trade Date 24-SEPTEMBER-2018
1.Adanient
2.Adanipower
3.Wockpharma

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D-Street continues to be volatile amid weak rupee, high crude prices; Nifty around 11,500

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:          
                                        The market is witnessing a lot of volatility as benchmarks see wild swings between positive and negative territory. These are currently trading in the red after seeing some recovery minutes ago.

Selloff in banks, FMCG, metals as well as names in the midcaps space are weighing on indices. Higher crude oil prices as well as a bearish rupee continue to spook investors.

The Sensex is down 39.34 points or 0.10% at 38118.58, while the Nifty is down 18.30 points or 0.16% at 11502.00. The market breadth is negative as 733 shares advanced, against a decline of 1,105 shares, while 115 shares were unchanged.

Global Market:

Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.29% while the Hang Seng is down 1.56%. The Shanghai Composite is not trading.

US Markets: Stocks fall on first trading day of September amid increasing trade tensions with Canada and China.

European markets: European markets finished broadly lower today with shares in France leading the region. The CAC 40 is down 1.31% while Germany's DAX is off 1.10% and London's FTSE 100 is lower by 0.62%.

Major Headlines of the day:

•      Dollar climbs, emerging markets under pressure.
•      Facebook, Nike drag Wall Street lower; trade concerns linger.

Trend in FII flows:-  The FIIs were Net Value of Rs 32.64 cash segment while the DIIs were Net Value of  -21.41 per the provisional figures.

Securities in Ban For Trade Date 05-SEPTEMBER-2018

1.Adanient.

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Sensex at day's high, Nifty around 11,550; L&T up 6%, midcap gains

Capitalstars Financial research Pvt. Ltd.

Indian Indices:  
                                        Strong start for the D-Street, following positive global cues as Nifty surpassed 11,500 for the first time, while the Sensex is up around 150 points.

Among sectors, barring IT index all other sectoral indices are trading higher led by metal, bank, energy, infra and pharma. The Nifty Midcap index is also up over half a percent.

At 09:16 hrs IST, the Sensex is up 154.63 points or 0.41% at 38102.51, and the Nifty up 41.40 points or 0.36% at 11512.20. About 688 shares have advanced, 243 shares declined, and 57 shares are unchanged.

Infosys shed 3 percent on CFO resignation, while shares of Yes Bank, RIL, Future Retail are among major gainers. L&T surged 4 percent as board to consider buyback on August 23.

Global Market:

Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.18% while the Hang Seng is down 0.54%. The Shanghai Composite is not trading.

US Markets: U.S. and China officials are reportedly working on a plan to hold talks to end a trade dispute between the two countries that would result in meetings between Trump and Xi at a summit in November, according to the Wall Street Journal.

European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.03%, while the DAX led the CAC 40 lower. They fell 0.22% and 0.08% respectively.

Major Headlines of the day:

•    Asia shares inch up with yuan, wary on Sino-US talks.

•    The upcoming week will see a new entrant getting listed on the exchanges. CreditAccess Grameen will be listed on bourses  after having a successful initial public offering (IPO) issue.

Trend in FII flows:-  The FIIs were Net Value of Rs 147.31 cash segment while the DIIs were Net Value of  151.89 per the provisional figures.

Securities in Ban For Trade Date 20-AUGUST-2018

1.Adanipower
2.Adanient
3.Jisljaleqs
4.Jetairways
5.Raymond

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Sensex trades lower, Nifty may move to hit its life time high of 11,171

Capitalstars financial research pvt. ltd.

 Indian Indices:
                                            The Nifty closed above 11,000 zones after the price and time consolidation of last 24 weeks. It formed an Inside Bar on daily scale while a strong Bullish candle on weekly scale which indicates that overall strength could remain.The Sensex is down 73.57 points or 0.20% at 36468.06, while the Nifty is down 36.10 points or 0.33% at 10982.80. The market breadth is negative as 449 shares advanced, against a decline of 977 shares, while 73 shares were unchanged.All sectoral indices are trading in the red, with cuts visible among pharmaceutical as well as energy names. Midcaps, too, are trading in the red; the Nifty Midcap is down 1 percent.

Global Market:

• Asian markets- Shares in Hong Kong are higher today as the Hang Seng gains 0.04%. The stock markets in Tokyo and Shanghai  are closed at this time.

• US Markets: U.S. Stocks Resilient in Trade Spat, Sparking Complacency Fears

• European markets: European markets finished higher on Friday with shares in France leading the region. The CAC 40 is up  0.43% while Germany's DAX is up 0.38% and London's FTSE 100 is up 0.14%.

• Major Headlines of the day:

• Results today :- Jay BharatMarut, Mah Scooters ,Opto Circuits,Pasari Spinning,Bansisons Tea,HUL,Sintex Plastics,TRC  Finance,Pasari Spinning

• Indian rupee opens lower at 68.55 per dollar

• Asian shares edge lower as investors await China data

• Nifty Market pre-opening for July 16, 2018: Bulls may help Nifty hit earlier record high of 11,171

• Trend in FII flows:-  The FIIs were Net Value of Rs  -1104.65 in the cash segment while the DIIs were Net Value of Rs 872  as per the provisional figures.

Securities in Ban For Trade Date 16-JULY-2018

1. Jetairways

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Sensex, Nifty Bank up 100 pts; Asia trades higher except Shanghai

Capitalstars financial advisors

Indian Indices:
                                             Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 2.5 points or 0.02 percent.The broader indices including the Nifty and the Sensex have managed to trade in the positive territory this Wednesday morning with the Nifty up 23 points at 10,733 and the Sensex is trading higher by 88 points at 35,375.


Global Market:

• Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.04% while the Hang Seng is down 0.04%. The Shanghai Composite is not trading.

• US Markets: U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year.

• European markets European markets finished broadly lower today with shares in Germany leading the region. The DAX is down 1.22% while France's CAC 40 is off 1.10% and London's FTSE 100 is lower by 0.36%

Major Headlines of the day:

• PNB Scam: Lapses at many levels of bank led to huge fraud, internal report shows

• RBI tightens remittance norms

• Nifty Successful breakdown of 10,700 may unfold next leg of down move towards 10,670 and 10,650

• RITES IPO to open on June 20

• Asian stocks extend slide, yen up as Sino-US trade dispute escalates


Trend in FII flows:-  The FIIs were Net Value of Rs  -1324 in the cash segment while the DIIs were Net Value of Rs 653 as per the provisional figures.

Securities in Ban For Trade Date 20-JUNE-2018 :- 

1. DHFL
2. Jet Airways
3. Infibeam

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Nifty likely to open flat, Bank Of India, United Breweries, IDBI Bank, NTPC, BoB, Dr Reddy's Lab in new, NTPC, L&T earnings today

Nifty likely to open flat, Bank Of India, United Breweries, IDBI Bank, NTPC, BoB, Dr Reddy's Lab in new, NTPC, L&T earnings today

Indian Indices:  

                          

                     The Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 8 points or 0.08 percent. Nifty futures were trading around 10,647-level on the Singaporean Exchange. Nifty50 is expected to open flat-to-positive on Monday following positive trend seen in other Asian markets. The index closed 91 points higher at 10,605 on Friday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 8 points or 0.08 percent. Nifty futures were trading around 10,647-level on the Singaporean Exchange.

Capitalstars financial research pvt ltd.

Global Market:

• Asian markets- Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.02% while the Hang Seng is up 0.67%. The Shanghai Composite is not trading.

• US Markets: the Dow Jones Industrial Average fell 58.67 points, or 0.24 percent, to 24,753.09, the S&P 500 lost 6.43 points, or 0.24 percent, to 2,721.33 and the Nasdaq Composite added 9.43 points, or 0.13 percent, to 7,433.85. For the week, the Dow was up 0.2 percent, the S&P 500 was up 0.3 percent and the Nasdaq gained 1.1 percent.

• European markets- European markets finished mixed as of the most recent closing prices. The DAX gained 0.65% and the FTSE 100 rose 0.18%. The CAC 40 lost 0.11%.

Major Headlines of the day:

• Dr Reddy’s subsidiary company Promuis Pharma filed lawsuit for patent infringement in US court

• Punj Lloyd board meeting on May 30, 2018 to consider and approve a proposal to restructure              the  outstanding credit  facilities

• United Breweries: The firm launched AMSTEL Beer in its super premium strong beer category.

• IDBI Bank: The Board has initiated divestment of partial stake in IDBI AMC to a strategic                  investor.

• Jindal Saw: Neeraj Kumar reappointed as Group CEO and Wholetime Director of the company.

• Tech Mahindra reports Q4 profit beats estimates at Rs 1,222 crore.

• Sun Pharma Q4 profit up 7 percent YoY at Rs 1,309 crore, beats estimates.

• Adani Enterprises sells 51% stake in Adani Chendipada Mining

•

• DB Corp approved buyback proposal for an aggregate amount of up to Rs 312.80 crore

 TODAY ON EARNING FRONT:-   PIRAMAL ENTER, LUMAX, LARSEN, VADILAL, LUMAX AUTO TECH, FINOLEX, EIH ASSO HOTEL, SHILPA ASIAN HOTEL, KAMDHENU, OIL INDIA, COX&KINGS, MINDA CORP, NTPC, L&T, NMDC, ASSAM COMPANY, BAG FILMS, GRAVITA, KWALITY

Securities in Ban For Trade Date 28-MAY-2018 :-

1.  BEML

2.  DHFL

3.  IDBI

4.  JETAIRWAYS

5.  JISLJALEQS

6.  JUSTDIAL

RCOM

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Markets indicating a weak opening ahead of March expiry

Markets indicating a weak opening ahead of March expiry;


Indian Indices:                             
               
SGX Nifty is currently trading in the red down 48 points. Indian markets are expected to be volatile in today’s session amid March expiry. In stock specific news, Hindustan Aeronautics is set to list on the dalal street today. Fortis board approves demerger of the hospitality business.

Indian equity market is likely to open lower today, tracking weak Nifty futures on the Singapore Stock Exchange and bearish trend across the Asian markets bearish trend in the SGX Nifty Index Futures for March delivery, which was trading at 10,142, down 68 points or 0.6, at 11:20 AM Singapore time, also signaled a  negative opening for the domestic equity bourses. Volatility is likely to remain high in today’s trade ahead of expiry of futures and options contracts for the month of March today.

Capitalstars financial research pvt ltd

The domestic equity market is closed on Thursday and Friday for local holidays. Profit booking is likely in today’s session as this is the last trading day for the current financial year before the long term capital gains tax (LTCG) kicks in from April 2, 2018.Investors will also keep a close eye on the fiscal deficit data to be released later in the day.

Global Market:

• Major Asian markets are trading in the red at present Nikkei is down 1.80%, Hang Seng is down 1.03%, while Shanghai Composite is trading 0.62%   lower.

• US Markets: Stocks witnessed a sharp selloff in the latter half of the session with Dow correcting 1.4% to 23,857.71, S&P 500 tumbled 1.7% to   2,612.62, while the tech-heavy Nasdaq slipped 2.9 percent to 7,008.81.

• European markets closed in the green yesterday with FTSE closing 1.59% higher, CAC ended up 0.97%% while DAX ended 1.53% higher.

Major Headlines of the day:

• JMC Projects secures new orders worth Rs 634 crore
• Dilip Buildcon incorporates new SPV to undertake six laning project in Andhra Pradesh
• Fortis board approves demerger of its hospital biz
• REC transfers transmission arm to PowerGrid
• KEC International's Saudi Arabia JV becomes its subsidiary
• Capital First to raise Rs 1,500-cr via bonds to fund business growth
• RIL arm sells assets in Eagle Ford shale for USD 100 mn.

Trend in FII flows: The FIIs were Net Value of Rs 1063.12 the cash segment Tuesday while the DIIs were Net Value of Rs  2172.91  as per the provisional figures.

Securities in Ban For Trade Date 28-MAR-2018:

1.BALRAMCHIN
2.GMRINFRA
3.IFCI
4.JPASSOCIAT

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The Indian equity market is likely to open on a flat to positive note.

The Indian equity market is likely to open on a flat to positive note

Indian Indices:                             SGX Nifty is indicating a marginally positive opening for the Indian markets. Indian markets are expected to trade range bound with a positive bias in today’s session. In stock specific news, Vedanta plans to raise Rs4,500cr via NCDs. According to media reports, Larsen & Toubro is set to win EPC for a new dry dock in Kochi.

Tracking modest gains in Nifty futures on the Singapore Stock Exchange and positive trend across Asian peers. modest gains in SGX Nifty Index Futures for March delivery, which was trading at 10,177.50, up by 19.50 points or

0.19, at 11:30 AM Singapore time, also signaled a flat to positive opening for the domestic equity bourses. Dalal Street investors will react to Goldman Sachs’ forecast for India's economy on Tuesday where it downgrades its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6% from 8% earlier in the wake of recent fraud at Punjab National Bank. It warned that this would constrain credit growth.

 

capitalstars research pvt ltd.

Global Market:

·      Major Asian markets are trading in the green at present barring Nikkei, which is currently down 0.47%, Hang Seng is up 1.17% while Shanghai Composite is up 0.58%.

·       US Stocks staged a comeback in yesterday’s session after the steep fall witnessed on Monday. The recovery was mainly led by strong gains in energy stocks. The Dow Jones advanced 0.5% to 24730, S&P 500 was up 0.2% closing at 2717, while the Nasdaq surged 0.3% ending the session at 7364. Traders also waited on the sidelines, as the Fed began its two-day monetary policy; it will make its interest rate announcement today.

·       European markets also ended in the green yesterday with FTSE closing 0.26% higher, CAC ended 0.56% higher, while DAX ended up 0.73% .

Major Headlines of the day:

·        Grounded IndiGo jets to get spare engines from Pratt & Whitney- Pratt & Whitney will provide spare engines within 40 days to

get all grounded Airbus SE A320neo aircraft at IndiGo, with the first delivery scheduled for Wednesday.

·        SBI seeks Supreme Court nod for RCom asset sale- State Bank of India (SBI) on Tuesday approached the Supreme Court to seek approval for the sale of Reliance Communications Ltd’s (RCom) assets to Reliance Jio Infocomm Ltd.

·        GSPC to sell 28.4% stake in Gujarat Gas to subsidiary GSPL- Gujarat State Petroleum Corp. Ltd (GSPC) has decided to sell a 28.4% stake in Gujarat Gas Ltd, its city gas distribution business, to its subsidiary Gujarat State Petronet Ltd (GSPL). Read more

Trend in FII flows: The FIIs were Net Value of Rs 344.16 the cash segment Tuesday while the DIIs were Net Value of Rs 731.17 as per the provisional figures.

Securities in Ban For Trade Date 21-MAR-2018:

1.DHFL

2.HDIL

3.IDBI

4.IFCI

5.JINDALSTEL

6.JPASSOCIAT

7.RCOM

8.SAIL

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Markets slide on global sentiment

Markets slide on global sentiment 

Market’s in my view had more or less factored in TDP’s exit from the NDA after its Ministers’ exit from the Union Cabinet and the vociferous disruption of the ongoing session by its MPs of both the Houses of Parliament. BJP’s shock defeat in the UP by polls and the prospect of SP and BSP forming an alliance in 2019 polls and it’s likely adverse impact on BJP’s tally from UP in 2019 is what has got the market concerned, Ajay Bodke, CEO & Chief Portfolio Manager PMS Prabhudas Lilladher told FE Online.

Local political uncertainty, a string of share sales and weak sentiment in global equities dragged down India’s stock markets on Friday with benchmark indices posting their biggest single-day fall since February 2. 

Capitalstars financial research pvt. ltd.

The Sensex declined 509.54 points, or 1.51 per cent, to close at 33,176. The Nifty dropped 165 points, or 1.59 per cent, to close at 10,195.15. Out of 30 Sensex stocks, 26 ended weak while four ended higher. The Volatility Index, or VIX, soared 6.2 per cent, suggesting traders expect risks to the market to remain in the near-term. 

US 10-year government bond yield is at ~2.9%, and domestic yields have also inched up. This has been on the back on inflationary expectations.

Domestic investors trimmed equity holdings ahead of March 31, when the zero-taxation regime for long-term capital gains from equities ends. 

Domestic politics is seeing some uncertain moments which is making investors nervous,” said Mahesh Patil, chief investment officer — equities, Birla Sun Life Mutual Fund. “There is also a constant supply of paper that’s taking away the liquidity and uncertainty about the public sector banks.

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