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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Asian stocks open mixed, Stocks in the news: Natco Pharma, SBI, Syndicate Bank, Sagar Cements, IOB

Indian Indices:        
        
                              The Asian stocks open mixed. Nifty50 which with a gap down managed to recoup a majority of its losses and closed flat with slight negative bias on Friday. The Nifty50 opened the week at 10,765.95 on Monday and closed at 10,767 on Friday. But, it hit a low of 10,633.15 on 5 June and a high of 10,818 on Thursday. For Friday, Nifty index opened negative but managed to hold on to its immediate support of 10,700 – 10,720 zones and recovered towards its crucial hurdle of 10,770-10,780 zones.

Global Market:

• Asian markets- Japanese shares are higher today as the Nikkei 225 gains 0.64%. The stock markets in Hong Kong and Shanghai are closed at this time.

• US Markets: The Dow Jones Industrial Average rose 75.12 points, or 0.3 percent, to 25,316.53, the S&P 500 gained 8.61 points, or 0.31 percent, to 2,778.98 and the Nasdaq Composite added 10.44 points, or 0.14 percent, to 7,645.51.

• European markets- European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.03%, while the DAX led the FTSE 100 lower. They fell 0.35% and 0.30% respectively.

Capitalstars financial research pvt ltd

Major Headlines of the day:

• Sagar Cements May standalone production up 15% at 1.84 lakh tone.

• Indian Overseas Bank raises lending rate by 5-10 bps effective June 10.

• Syndicate Bank raises one-year MCLR to 8.55% from 8.50.

• Shoppers Stop's chief financial officer Vijay Jain resigned w.e.f. June 08, 2018.

• Natco Pharma launches generic Posaconazole injection.

• SBI to auction 12 bad accounts this month to recover over Rs 1325 crore.

• PNB board approved to initiate the process to disinvest stake in PNB Housing Finance.

• Seya Industries approved fund raising plans for expansion.

• Jubilant Life Sciences issued commercial papers worth Rs 75 crore.



Trend in FII flows:-  The FIIs were Net Value of Rs  -222.5 in the cash segment FRIDAY while the DIIs were Net Value of Rs 459.44 as per the provisional figures.

Securities in Ban For Trade Date 11- JUNE-2018 :- 

1. BALRAMCHIN
2. DHFL
3. JETAIRWAYS

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Nifty open gap down; may retest 10,700 levels,: ITC, HDFC Bank, Tata Motors, Dr Reddy's Lab in news

Indian Indices:
            
                      The Nifty50 is likely to see a gap down opening on Friday weighed down by muted trend seen in other Asian markets. The Nifty50 closed 83 points lower at 10,768 levels. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 48 points or 0.45 percent. Nifty futures were trading around 10,724- level on the Singaporean Exchange. The S&P and Nasdaq fell on Thursday as the technology sector snapped a rally while investors turned to safer bets as they kept an eye on global trade tensions and waited for US and European central bank meetings.

Global Market:

• Asian markets- Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.15% while the Hang Seng is down 1.30%. The Nikkei 225 is not trading.

• US Markets: The Dow Jones Industrial Average fell 54.95 points, or 0.22 percent, to 24,713.98, the S&P 500 lost 2.33 points, or 0.09 percent, to 2,720.13 and the Nasdaq Composite dropped 15.82 points, or 0.21 percent, to 7,382.47.

• European markets- European markets finished lower today with shares in France leading the region. The CAC 40 is down 0.17% while Germany's DAX is off 0.15% and London's FTSE 100 is lower by 0.10%.

Capitalstars financial research pvt. ltd.

Major Headlines of the day:

• HDFC Bank raises MCLR across tenors by 10 bps.

• Tata Motors proposes to raise up to USD 500 mn via ECB.

• Dr. Reddy's expects to launch generic Copaxone in H1 FY20 in US

• Indian Bank revised the marginal cost of funds based lending rates (MCLRs) with effect from              June 11, 2018

• Time Technoplast receives order worth Rs 40 crore

• PTC India: Sutirtha Bhattacharya appointed as the Independent Director on the Board

• ITC acquires Nimyle floor cleaner, forays into home care space

• Capital First debenture committee allots NCD worth Rs 100cr on private placement basis.


Trend in FII flows:-  The FIIs were Net Value of Rs  -525.40 in the cash segment THURSDAY while the DIIs were Net Value of Rs +1197.89 as per the provisional figures.

Securities in Ban For Trade Date 08-JUNE-2018 :-

1. DHFL
2. BALRAMPUR CHINI

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Nifty likely to open lower, Stocks in the news: BHEL, Vedanta, L&T, Jet Airways

Indian Indices: 
    
                      The Nifty50 is expected to open flat-to-negative on Tuesday following muted trend seen in other Asian markets. The index closed 83 points higher at 10,688 on Monday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27.50 points or 0.26 percent. Nifty futures were trading around 10,666.50-level on the Singaporean Stock Exchange.

Global Market:

• Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.05% while the Hang Seng is down 0.59%. The Shanghai Composite is not trading.

• US Markets: Across the 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.

• European markets- European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.18%, while the CAC 40 led the DAX lower. They fell 0.61% and 0.58% respectively.

Capitalstars financial research pvt. ltd.

Major Headlines of the day:

• Larsen & Toubro: The company allotted 1.63 lakh shares to employees under ESOP scheme. Its Q4 profit up 5 percent YoY at Rs 3,167 crore.

• Rural Electrification Corporation: Q4 net profit down 37 percent on higher provisions.

• Piramal Enterprises: Q4 net up 21 percent at Rs 375 crore

• NTPC: Company's Q4 net profit jumps 41 percent to Rs 2,926 crore

• Oil India Q4: Net profit up 22.9 percent at Rs 866.5 crore and revenue was up 5.1 percent at Rs 2,998 crore

• NMDC Q4: Net profit at Rs 1,105.8 crore. Revenue was up 35 percent at Rs 3,883 crore.

• Uflex Q4: Net profit down 27.6 percent at Rs 71.1 crore and revenue up 12.2 percent at Rs 1,817.8 crore

• Aurobindo Pharma Q4: Net profit at Rs 528.5 crore and revenue at Rs 4,049.1 crore

• Mercator Q4: Net loss at Rs 85.2 crore and revenue was down 57 percent at Rs 192.2 crore

• DB Realty Q4: Net loss at Rs 82.3 crore and revenue at Rs 0.2 crore

• REC approves proposal for incorporation of a project specific SPV, as wholly owned subsidiary of REC Transmission Projects

• Wipro ties up with IIT-Bombay for fabricating formula electric

Trend in FII flows:-  The FIIs were Net Value of Rs  -795.06 in the cash segment MONDAY while the DIIs were Net Value of Rs 1017.65 as per the provisional figures.

TODAY ON EARNING FRONT:-   ORIENTAL CARBON, DILIP BUILDCON, SAGAR CEMENT, M&M, GODFRY PHILIPS, IPCA LABS, SIYARAM SILK, GLENMARK, PUNJAB CHEMICALS, SUNDARAM BRAKE, DECCAN CEMENT, BAJAJ HEALTHCARE, BPCL, ARROW GREEN TECH. DCM SHRIRAM, BHEL, MMTC, Dish TV, GATI SADBHAV

Securities in Ban For Trade Date 18-MAY-2018 :- 

1. BALRAMCHIN
2. DHFL
3. IDBI
4. JETAIRWAYS
5. JISLJALEQS
6. RCOM

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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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Asian stocks trade mixed; Midcaps underperform Sensex;IT stocks gain led by Infosys

Asian stocks trade mixed; Midcaps underperform Sensex;IT stocks gain led by Infosys

The BSE Midcap index was underperforming Sensex during Thursday's trade. 
Around 11:35 am, the midcap index was 0.23 per cent down at 15,664, while the Sensex was 0.48 per cent up at 34,511. The NSE Nifty was 0.35 per cent up at 10,467. 

The market was trading on a positive note on Thursday morning, with the Nifty 23 points at 10,453 and the Sensex gaining 120 points at 34,465.Nifty IT was up over 1.5 percent led by KPIT Tech, Infosys, HCL Tech, Tata Consultancy Services and Tech Mahindra.The top gainers among Nifty constituents were Infosys, HCL Technologies, Tech Mahindra, Tata Consultancy Services and HDFC.

Capitalstars financial research pvt. ltd.

The most actively traded stocks on the NSE were Tata Motors and Jet Airways which dipped 7-9 percent while PC Jeweller, Vedanta and State Bank of India were the other active stocks.

The Nifty50 is expected to open flat-to-positive on Thursday following muted trend seen in other Asian markets. The index closed 106 points lower at 10,430 on Wednesday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 26.5 points, or 0.25 percent. Nifty futures were trading around 10,447.50 on the Singaporean Stock Exchange. Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 26.5 points, or 0.25 percent. Nifty futures were trading around 10,447.50 on the Singaporean Exchange.

Global Market:

• Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.16% while the Hang Seng is down 0.19%. The Shanghai Composite is not trading.

• US Markets: The Dow Jones Industrial Average rose 52.4 points, or 0.21 percent, to 24,886.81, the S&P 500 gained 8.85 points, or 0.32 percent, to 2,733.29 and the Nasdaq Composite added 47.50 points, or 0.64 percent, to 7,425.96.

• European markets- European markets finished sharply lower today with shares in Germany leading the region. The DAX is down 1.47% while France's CAC 40 is off 1.32% and London's FTSE 100 is lower by 1.13%.

In the last two months of dealings in the domestic markets, stocks have seen a round of appreciation largely on the hopes of better fourth-quarter corporate earnings. The S&P BSE Sensex has added nearly 8% from the bottoms in the last two months after recovering from the downtrodden effects of global sell-off, LTCG tax jitters, India’s biggest banking fraud unravelling at PNB and elevated volatility in global markets following the trade war worries between the United States and China. As investors continue to look for investment avenues, we bring to you 7 blue-chip stocks which may fetch up to 45% on the invested money.

Securities in Ban For Trade Date 24-MAY-2018 :-

        1.  BEML

        2.  DHFL

        3.  RCOM

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Markets indicating flat opening in line with Asian peers;

Markets indicating flat opening in line with Asian peers;

Indian Indices: 
                             
SGX Nifty is currently trading in the red down 9 points at 10,346. Indian markets could witness bit off profit booking in today’s trade after the strong rally seen in the previous session, as traders would consider closing out some of their positions ahead of the weekend considering the extreme volatility in global equities. Traders would also keep an eye on the Dow futures, which is currently trading in the red down 270 points.

Capitalstars financial research pvt ltd

Global Market:

• Major Asian markets are trading mixed at present Nikkei is down 0.04%, KOSPI is trading 0.22% lower,  Hang Seng is up 1.25% while Shanghai Composite is shut in today’s trade.

• US Markets: Stocks continued the positive momentum ending higher for the third consecutive session. The Dow jumped surged 1% ending at 24,505.22, the Nasdaq rose 0.5% to 7,076.55 and the S&P 500 climbed 0.7% to 2,662.84.

• European markets also ended yesterday’s session strongly in the green with the FTSE closing 2.30% higher, CAC ended up 2.56%, while the DAX surged 2.82% higher.

Major Headlines of the day:

• Glenmark Pharma: The pharma major has recalled over 1 lakh bottles of anti-inflammatory drug in US.
• Coal India: CIL may hike salaries of executives in 2 months.
• Larsen & Toubro: SFIO has received a complaint against L&T Group of financial irregularities, ET Now reported.
• Indian Oil Corporation: Acquires 17 percent participating interest in the Mukhaizna Oil Field, Oman from Shell.
• Kridhan Infra: Gets order worth Rs 134 crore in Singapore
• Kirloskar Oil Engines plans to double topline this year
• Tata Comm shareholders meet on May 10 for surplus land transfer
• IndiGo rules out bidding for Air India
• Cochin Shipyard setting up 42-acre ship repair facility.

Trend in FII flows:
                                              The FIIs were Net Value of Rs -108.02 the cash segment Thursday while the DIIs were Net Value of Rs  615.28 as per the provisional figures.

Securities in Ban For Trade Date 06-APR-2018:

NIL…

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Sensex, Midcap gain 150 pts; Nifty hits 10,600 in opening; metals shine

Sensex, Midcap gain 150 pts; Nifty hits 10,600 in opening; metals shine:-

Indian Indices:

firm SGX Nifty Index Futures for February delivery, which was trading at 10,582.50, up by 25.50 points or 0.24at 11:22 AM Singapore time, also signaled a positive opening for the domestic equity bourses. Equity benchmarks extended previous day's gains on last day of the week, with the Sensex, Nifty Bank and Midcap indices rising around 150 points each, tracking positive global cues.The 30-share BSE Sensex was up 149.65 points at 34,447.12 and the 50-share NSE Nifty rose 48.30 points to 10,593.80.
 
Punjab National Bank lost another 2 percent on top of 21 percent fall in previous two consecutive sessions. Gitanjali Gems tanked 19 percent on top of 20 percent correction in previous session. Nifty Midcap as well as Nifty Bank indices rallied 150 points each.

On the Economy front
 
Ø Investors will react to India’s trade deficit data which soared to USD 16.3 billion in January on account of a 26.1% increase in imports to USD 40.68 billion. India’s export grew by 9.07%, to USD 24.38 billion in January from 12.03% in December.

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On the Corporate front
 
Ø Shares of ZEE Learn will remain in focus as the company has acquired a controlling 44.5% stake in MT Educare, that runs the popular Mahesh Tutorials coaching classes, for about Rs 200 crore.
Ø Shares of Idea Cellular will be in focus as the telecom player on Thursday raised around $535 million, or about Rs 3,500 crore, through 
a qualified institutional placement (QIP) with the price at Rs 82.50 per share at the closure of bids.

 
PREVIOUS DAY ROUNDUP (DOMESTIC)

 
Ø The Indian equities ended higher on Thursday, tracking firm cues from Asian peers, as investors shrugged off Fed rate hike concerns 
despite stronger­than­expected US inflation data and shifted focus to domestic events.
Global Market:
·       Major Asian markets are shut today on account of Lunar New year. Nikkei is up 1.08%
 

·       US Markets: After witnessing heavy volatility in the initial half of the session stock surged up significantly higher.

·       European markets also closed in the green yesterday with FTSE up 0.29%, CAX was up 1.10% and DAX closed 0.06% higher.
 
Major Headlines of the day:
 
·        Daiichi-Fortis Case- SC lifts stay on sale of encumbered Fortis health shares by Singh brothers, SC allows sale of Fortis health shares pledged with lenders
·        Yes Bank to consider proposal to raise funds via debt securities or on private placement basis on Feb 20, Have necessary approvals to borrow/raise funds up to Rs 20,000 cr in 1 or more tranches.
·        Future Consumer- To allot NCDs for an amount not exceeding 150cr,Raises Rs200cr debt from UK’s CDC Group.

Trend in FII flows: 

                                The FIIs were Net Value of Rs -240.29  the cash segment Thursday while the DIIs were Net Value of Rs 49.92 as per the provisional figures.
 
Securities in Ban For Trade Date 16-FEB-2018:
 
1.BALRAMCHIN
2.DISHTV
3.GMRINFRA
4.HDIL
5.JISLJALEQS
6.JPASSOCIAT
7.ORIENTBANK

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