D-Street off highs, Sensex up over 250 points; Nifty above 10,650

Capitalstars Financial Research Pvt. Ltd.

Indian Indices: 
                                          Equities are off their high points on the back of some selling in the non banking financial companies and some names in the pharmaceutical space.

The Sensex is up 255.10 points or 0.73% at 35417.58, while the Nifty is higher by 69.30 points or 0.65% at 10654.10. The market breadth is positive as 1,152 shares advanced, against a decline of 400 shares, while 1,965 shares were unchanged.

Automobile stocks have lost some sheen, while banks, consumption and IT space continue to rise higher. Midcaps have witnessed some selling as well.

Global Market:

• Asian markets: Japanese shares are higher today as the Nikkei 225 gains 1.59%. The stock markets in Hong Kong and Shanghai are closed at this time.

• US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 2.83% while U.S.'s S&P 500 is up 2.15% and Mexico's IPC is up 0.95%.

• European markets: European markets finished broadly higher today with shares in France leading the region. The CAC 40 is up 1.53% while Germany's DAX is up 1.40% and London's FTSE 100 is up 0.43%.

Major Headlines of the day:

•   Infosys Q2 FY19 review: Steady execution; an ideal long term buy
•   Indian rupee opens at 2-week high
• Results to be announced Today:  ACC, MINDTREE and MPHASIS

Trend in FII flows:-  The FIIs were Net Value of Rs -1165.63 cash segment while the DIIs were Net Value of  1059.44 per the provisional figures.

Securities in Ban For Trade Date 17-OCTOBER-2018
1. ADANIPOWER
2. IDBI

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

Live Market Updates: Sensex tanks 1000 pts as Trump leads Clinton; Realty sinks 15%

Hindalco board meet on Nov 12: A meeting of the board of directors of the company, scheduled on November 12, 2016 will consider approval of raising of funds by issue of equity shares, global depository receipts/ American depository receipts/, foreign currency convertible bonds/, fully convertible debentures/partly convertible debentures/ preference shares convertible into equity Shares, and/or any other financial instruments convertible into equity shares (including warrants, or otherwise, in registered or bearer form) and/or any security convertible into equity shares.

Sunil Singhania of Reliance MF said he is optimistic on the government's move to curb the black money and feels it is good for India's financial space and further improvement in GDP.

Oil prices crack: Oil prices tumbled as vote counting showed Republican Donald Trump doing better than expected in several crucial battleground states in the US presidential election.

US West Texas Intermediate (WTI) crude futures fell to a session low of USD 43.07 per barrel, down more than 4 percent from their last close and their lowest since September, before inching back to USD 43.32 a barrel.

International Brent crude futures were down 3.2 percent at USD 44.56 a barrel.

CapitalStars Giving 2 Days Free Trial Calls..... Hurry Up

CapitalStars Financial Research Financial Advisory Services 

www.capitalstars.com |T:+91-731-6790000,6669900