Bulls in control on D-Street! Sensex, Nifty trade strong; pharma,

Capitalstars Financial Research pvt. Ltd.

Indian Indices:
                                         Equity benchmarks have continued to maintain upward momentum, with the Nifty trading well above 11,400, while the Sensex is higher by around 200 points. A stronger rupee and a likely profit booking sentiment is weighing on tech stocks, with the Nifty IT index falling almost a percent.

However, other major sectors are trading in the green, with maximum gains seen in banks, metals, pharmaceuticals, as well as auto names. Midcaps, too, are trading strong and pushing indices higher. The Nifty Midcap index is up over a percent. 

At 09:45 hrs IST, the Sensex is up 194.94 points or 0.52% at 37912.90, and the Nifty up 70.00 points or 0.62% at 11439.90. The market breadth is positive as 1,344 shares advanced, against a decline of 375 shares, while 90 shares were unchanged.

Power Grid, Yes Bank, Indiabulls Housing and HPCL are the top gainers, while Wipro, Infosys, Tech Mahindra and HCL Technologies are the top losers.

Global Market:

•    Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.97% while the Hang Seng is up 0.68%. The Shanghai Composite is not trading.

•    US Markets: Dow jumps more than 100 points as apple rises.

•    European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.19%, while the FTSE 100 led the CAC 40 lower. They fell 0.43% and 0.08% respectively.

Major Headlines of the day:

•       Sun Pharma gets USFDA nod for specialty eye drug Xelpros
•       Nifty likely to open higher.

Trend in FII flows:-  The FIIs were Net Value of Rs -1086.39 cash segment while the DIIs were Net Value of  541.44 per the provisional figures.

Securities in Ban For Trade Date 14-SEPTEMBER-2018
1.Adanient

for more update you can contact us :

CapitalStars Financial Research                     Forex trading tips                                                                                                        stock market tips                                                                                                                 Share Tips Expert 
 
Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927

TOP CORPORATE NEWS- 20 JULY 2018

CEAT surges over 7.5% after 4,000% jump in Q1 profits

Tyremaker CEAT rallied over 7.5% after it posted a 4,317% jump in its Q1FY19 profits. Its net profit for the June quarter jumped to Rs72cr, as opposed to Rs1.6cr in June’17.
CEAT reported better than expected numbers in Q1FY19 aided by low base of Q1FY18 and lower raw material expenses.
Consolidated revenue was up 17% yoy at Rs1,706cr, surpassing consensus estimate of Rs1,687cr. Lower raw material and operating expenses (as % of sales) led to tripling of EBITDA to Rs176cr, in-line with estimate.

Bajaj Auto stock drops as Q1 profit misses estimates

Shares of Bajaj Auto dropped around 9% after the company’s Q1FY19 profit missed street estimates. The company has reported a 21% rise in its net profit at Rs1,115cr for the quarter ended in June 2018. It had reported a profit of Rs924cr during the corresponding quarter of last year.
Its revenue in the period increased by 27% to Rs7,419cr.

Zydus gets USFDA final approval for Spironolactone tablets USP

Zydus Cadila has received the final approval from the USFDA to market Spironolactone tablets USP (US RLD – Aldactone Tablets) in strengths of 25 mg, 50 mg, and 100 mg.
It is used to treat high blood pressure and heart failure. Lowering high blood pressure helps prevent strokes, heart attacks, and kidney problems. It is also used to treat swelling (edema) caused by certain conditions like heart failure and liver disease by removing excess fluid and improving symptoms such as breathing problems.

Dr. Reddy’s Lab stock advances after launching drug in US market

Dr. Reddy’s Laboratories Ltd. stock gained 1.5% after the company launched Esomeprazole Magnesium Delayed-Release Capsules USP, 20 mg, an over-thecounter (OTC) therapeutic equivalent generic version of Nexium 24HR Capsules in the United States market as approved by the USFDA.
“This launch continues to demonstrate our deep R&D and manufacturing capabilities to bring newer storebrand OTC medications to the market,” says Milan Kalawadia, Vice President and Head, US OTC and Speciality Rx businesses, Dr. Reddy’s Laboratories.

Bajaj Finserv stock rallies ~5% after robust Q1FY19 result

Shares of Bajaj Finserv has touched 52-week high on the NSE after the company’s consolidated net profit after tax (attributable to the shareholders) for the quarter came in at Rs825.77cr, which increased by 41.3% yoy.
The revenue and the adjusted net profit of the company for the quarter were in-line with the street estimates. The estimated total revenue was Rs8,310cr and adjusted net profit was Rs789cr.

for more update you can contact us :

CapitalStars Financial Research                     Forex trading tips                                                                                                        stock market tips                                                                                                                 Share Tips Expert 

Get free trial Click here: http://www.capitalstars.com/free-trial 

www.capitalstars.com |T:+91-9977499927 , 0731-6690000

Midcap selling drags Sensex, Nifty below 11,000;

Capitalstars financial research pvt.ltd.

Indian Indices:             
                                             Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 30 points or 0.27 percent. Nifty futures were trading around 11,012-level on the Singaporean Exchange.The Nifty is well below 11,000-mark. Cuts are visible among all sectoral indices, with midcaps contributing the most to indices’ fall. The Nifty Midcap index is down over 1 percent.

Global Market:

• Asian markets- Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.24% while the Hang Seng is up 0.20%. The Nikkei 225 is not trading.

• US Markets: Dow logs longest win streak in a month; Nasdaq narrowly misses fresh all-time high.

• European markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.82% while London's FTSE 100 is up 0.65% and France's CAC 40 is up 0.46%..

Major Headlines of the day:

• Results today :- 21st Cen Mgt, ABB India, Bajaj Finance ,Bajaj Finserv, Bharat Immuno, DB Corp, GNA Axles, Hatsun Agro, Kotak Mahindra, RBL Bank, Sagar Cement ,Sterlite Techno, Vikas Ecotech.

• Bajaj Finance likely to report strong earnings in Q1

• UltraTech Cement Q1 profit falls 33% to Rs 598 cr, board approves Century Cement demerger

• Trend in FII flows:-  The FIIs were Net Value of Rs  95.68 in the cash segment while the DIIs were Net Value of Rs 111.01as per the provisional figures.

Securities in Ban For Trade Date 19-JULY-2018

1.Adanient
2.Adanipower

for more update you can contact us :

CapitalStars Financial Research                     Forex trading tips                                                                                                        stock market tips                                                                                                                 Share Tips Expert 

Get free trial Click here: http://www.capitalstars.com/free-trial 

www.capitalstars.com |T:+91-9977499927 , 0731-6690000

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

for more update you can contact us :

CapitalStars Financial Research                     Forex trading tips                                                                                                        stock market tips                                                                                                                 Share Tips Expert 

Get free trial Click here: http://www.capitalstars.com/free-trial 

www.capitalstars.com |T:+91-9977499927 , 0731-6690000

Trade war effects the equation for the global market

Trade war effects the equation for the global market:-

Central banks across the globe have been moving almost in synchronized steps since 2017. One common feature of their unconventional policies was a large expansion of balance sheets and defined inflation target, although they have adopted a variety of approaches.

Capitalstars financial research pvt. ltd.

Meanwhile, the recent trade spat has dented the confidence of the ECB, which otherwise has a rosy outlook for the euro area on the back of rising investments, falling debt levels of private sector and capital ratios of healthy banks. 


A vicious sell-off was also observed in major Asian stock markets since early morning today, with Japan’s Nikkei down 225 points, or 3.5% at 20,827.92, South Korea’s Kospi tumbled 2.3% to 2,438.03, Hong Kong’s Hang Seng lost 3.2% to 30,090.32 and China’s Shanghai Composite sank 2.7% to 3,169.19 while Australia’s S&P/ASX 200 skidded 1.9% to 5,824.50.

With strong growth signs visible in the global economy, major central banks have moved slowly to reduce stimulus, as inflation remains below their targets. Changes in interest rate targets have been made so far in response to various market indicators to forecast economic trends. 

 David Hensley of JP Morgan says that steps taken by Trump administration still appear to imply relatively minor macroeconomic consequences absent a significant further escalation. However, the expert noted that if Trump follows up with more aggressive measures, then those incremental steps will have repercussions. In his interview to CNBC TV18, David Hensley said that the current step of levying tariffs on imports represents 10% of total imports will have minor consequence.

For more update you can contact us :

CapitalStars Financial Research                     Forex trading tips                                                                                                        stock market tips                                                                                                                  Share Tips Expert 

Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927 

Sensex down 150 pts, Nifty below 10,400; Airtel falls 2%

Sensex down 150 pts, Nifty below 10,400; Airtel falls 2%

Indian stock markets dropped in the early morning trades with Sensex diving over 100 points and Nifty slipped below 10,400-level as the quantum of India’s biggest banking scandal at PNB inched up further by Rs 942 crore. The S&P BSE Sensexshed 123.23 points or 0.36% to open at 33,733.55 while NSE Nifty slipped below 10,400-mark starting the day at 10,393.05, down by 33.8 or 0.32%. All of the shares of BSE Sensex traded in negative territory barring NTPC, IndusInd Bank, L&T, TCS and Sun Pharma. In a major blow yesterday, the Reserve Bank of India barred all the banks from issuing guarantees in the form of LoU (Letters of Undertaking) as the fraud at nation’s second-largest PSU lender PNB has been worsening day after day.

capitalstars financial research pvt ltd

Shares of SBI, Yes Bank, Adani Ports, Tata Steel, Hero MotoCorp, ICICI Bank, Axis Bank, Bharti Airtel were the major laggards among the Sensex components falling up to 1.5%. Shares of Gitanjali Gems crumbled by 5% to a 52-week low of Rs 13.6 on Wednesday. NSE has levied penalties on as many as 24 companies including scam-hit Gitanjali Gems for failure to file financial results for the period October-December 2017. All the sectoral indices of NSE traded in red except Nifty IT and Nifty Pharma with Nifty PSU Bank and Nifty Metal index leading the losses.

The NSE Nifty index was trading 36 points down at 10,391, while the BSE Sensex was down 115 points at 33,742 around 10:25 am (IST). Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red. 

For more update you can contact us :

CapitalStars Financial Research                     Forex trading tips                                                                                                        stock market tips                                                                                                                  Share Tips Expert 

Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927 

Ups and Downs in the Market

Sensex rebounds 200 pts, Nifty above 10,200 in opening: Bhushan Steel up 19%;

Indian Indices:

SGX Nifty indicates a positive opening for the Indian markets. Indian markets are expected to trade marginally higher in line with Asian peers, as geopolitical tension reseeds on account of tariff wars.  In stock-specific news, Tata Steel bags Bhushan Steel for Rs35,000cr making it the largest steel producer in India. Asian markets steadied in the morning trade as worries surrounding trade war eased. The US President Donald Trump’s import tariff plan may spare select countries from much of the impact, reports Bloomberg. Overnight US markets closed mixed. S&P 500 at 2,726 is down 0.05%.

Benchmark indices opened sharply higher, tracking positive Asian cues. All beaten down stocks saw buying interest. The 30-share BSE Sensex was up 238.55 points at 33,271.64 and the 50-share NSE Nifty gained 71.60 points at 10,225.80 while the Nifty Midcap index gained 1 percent.

Capitalstars financial research pvt ltd

Global Market:

·       Asian markets are trading in the green at present. Nikkei is currently up 0.78 %, Hang Seng is trading 1.09% higher, while Shanghai Composite is trading flat down 0.12%.

·       US Markets: Stocks witnessed strong recover closing well above the low point of the day. The Dow ended 0.3% lower at 24,801.36, S&P 500 edged down 0.1% to 2,726.80 while the tech-heavy Nasdaq managed to end the session in the green up 0.3% at 7396.

·       European markets closed in the green yesterday with the FTSE closing 0.15% higher, CAC ended 0.34% higher while DAX inched 1.07% higher.

Major Headlines of the day:

·        NCLT halts Reliance Infratel’s asset sale The Mumbai bench of the National Company Law Tribunal (NCLT) directed Reliance Infratel Ltd, a subsidiary of Reliance Communications Ltd (RCom), to stay the sale of its assets until 13 March-

·        Tata Steel emerges top bidder for Bhushan Steel - Tata Steel Ltd has emerged as the highest bidder to buy a controlling stake in Bhushan Steel Ltd, which is currently undergoing bankruptcy proceedings.

·        Oberoi Realty eyes Rs1,000 crore rental revenue - Oberoi Realty Ltd expects to generate rental revenue of around Rs1,000 crore in the next three years from its existing and upcoming commercial portfolio, reports Mint. The company plans to list these assets on a Real Estate Investment Trust as well.

Trend in FII flows:  

                                              The FIIs were Net Value of Rs -719.78 the cash segment Wednesday while the DIIs were Net Value of Rs 409.34 as per the provisional figures.

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

DHFL

HDIL

IDBI

ORIENTBANK

For more update you can contact us :

CapitalStars Financial Research                     Forex trading tips                                                                                                        stock market tips                                                                                                                  Share Tips Expert 

Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927 

Some positive move of market today

Markets indicate a marginally positive opening, in-line with Asian markets

Indian Indices:

SGX Nifty is indicating a positive for the Indian markets. Indian markets are expected to trade range bound, as traders await fresh triggers. In stock specific news, I-T dept attaches Gitanjali Gems's SEZ property in Hyderabad worth Rs1,200 cr in PNB fraud case. Fortis Bank is set to acquire 26% stake in Equirus capital . Asian shares gained in morning trade as comments from a US Federal Reserve official eased worries that the central bank might raise rates more aggressively this year, reports Reuters. Overnight, US stocks closed slightly higher. S&P 500 at 2,703 points is up 0.1%.

capitalstars research pvt ltd

Global Market:

·       Asian markets are trading in the green at present. Nikkei is currently up 0.29%, Hang Seng is trading 1.05% higher, while Shanghai Composite is up 0.25%.

·       US Markets: US Markets: Wall Street ended on a mixed note in yesterday’s session. The Dow climbed 0.7% to 24,962.48, S&P 500 inched up 0.1% to end at 2,703.96, while the tech-heavy Nasdaq edged modestly lower, closing at 7,210 down 0.1%. On the US economic front, a report released by the Labor Department showed a modest decline in first- time claims for US unemployment benefits in the week ended February 17th, which surprised most economists who had exacted it to remain unchanged.

Major Headlines of the day:

·        Bhushan Infosys files counterclaim against former CFO- After submitting an application to resolve its former chief financial officer Rajiv Bansal’s severance pay issue, Infosys has filed a counter-suit for Rs100 crore, alleging that he did not fulfil his obligations and breached trust.

·        Adani Transmission bags Rajasthan project, Adani Transmission said it has received a letter of intent from PFC Consulting Ltd, an arm of Power Finance Corporation, to construct, own, operate and maintain an inter-state transmission project in Rajasthan.

·        Fortis Healthcare founders Malvinder Mohan Singh and Shivinder Mohan Singh said they are trying to get Fortis Healthcare back on track even as they relinquished their board positions.

Trend in FII flows: The FIIs were Net Value of Rs -2335.34  the cash segment Thursday while the DIIs were Net Value of Rs 1059.42 as per the provisional figures.

Securities in Ban For Trade Date 23-FEB-2018:

NILL..

For more update you can contact us :

CapitalStars Financial Research  Forex trading tips  stock market tips Share Tips Expert 

                      
Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927 

Volatility Status for the week

Featured focus of market:-

This has been a very rough week. The US market earnings are very strong, unemployment is at a 40-year low and wage growth is picking up. Against this backdrop, what has happened with the stocks which have fallen most are the Amazons, Facebooks of the world which have gone up the most, have fallen the most. Also, there was an unwinding of the volatility trades. Now against this backdrop you also had LTCG in India and India on the other hand now has an LTCG to content with an earnings recovery on the way which will kind of limit the downside. Against this backdrop, and a hardening of yields, we are bound to see volatility in the markets for few sessions to come. From an Indian perspective, we see better earnings coming out in the ongoing quarter and management guiding to an improved outlook for subsequent quarters. 

Capitalstars research limited

Nearly 65% of the companies in the index have actually beaten their earnings estimates which is a very welcome sign after a long time. We are seeing the growth coming from export driven sectors. IT has bottomed out. Infra of course is a major push area for the government in itself and we are going to see strong numbers from EPC companies as well as companies like L&T, Nagarjuna Constructions of the kind. Within the export space, other than the obvious pharma and IT, specialty chemical companies like Meghmani Organics BSE 3.62 %, Aarti IndustriesBSE 0.10 % are likely to report very strong earnings numbers in the ongoing quarter as well as the next quarter on the back of strong export growth. 

For more update you can contact us :

CapitalStars Financial Research  Forex trading tips  stock market tips Share Tips Expert 

                      

Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927