Closing Bell : The final hour recovery helped the Nifty to close around 11,000 level and Sensex above 37,000

At close, the Sensex was down 462.80 points at 37,018.32, while Nifty was down 138 points at 10,980. About 830 shares have advanced, 1587 shares declined, and 147 shares are unchanged. 

Vedanta, JSW Steel, Hindalco Industries, SBI and Tata Motors were among major losers on the Nifty, while gainers were Wipro, Bharti Infratel, Maruti Suzuki, Reliance Industries and Power Grid Corp.

HEADLINES OF THE DAY

TVS Motor July auto sales: The total sales fell 13 percent at 2.79 lakh units against .21 lakh units. The two-wheeler sales down 13.7% at 2.65 lakh units against 3.07 lakh units, YoY.

Motorcycles sales down 10.7% at 1.08 lakh units versus 1.21 lakh units and scooter sales down 11% at 1.05 lakh units against 1.18 lakh units. Total exports down 3.1 percent at 69,994 units against 72,242 units, YoY. 

The crucial resistance for Nifty spot is now seen at 11100 and above this 11200 Support for the immediate term is now placed at 10800 next support will be 10720 .

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Crucial weeks for Guar lay ahead; monsoon in West Rajasthan to decide its fate

The price of Guar seeds has seen a big time consolidation between Rs 4,150 per 10 quintal and Rs 4,450 from December 2018 to July 2019. Despite a significant fall in output in the current 2018-19 season (from October to September), prices were unable to breach the season's high of Rs 4,775 ( which were tested in November 2018). Around 80 percent of Guar produced in India is exported in the form of Guargum/split/meal. The US is the largest destination for Guar products, and lower exports to the nation are the chief reason for capping the potential price rise of Guar in the last eight months.

Sowing for the coming season, which is from 2019-20, has already started. But the figures are far behind the five-year average. Only 25 percent of the normal sowing area has been covered by July 24. In irrigated belts, farmers have preferred cotton to Guar due to assured returns from the fibre crop, while in the rain-fed areas of north Rajasthan, particularly Barmer, Jaisalmer and Bikaner, farmers are eagerly awaiting rains to sow Guar. Very few acres have been covered after last week's rains in northwest Rajasthan. The next two weeks will be crucial as the sowing window in these districts is till the second week of August.

Rains over Northwest India last week had raised hopes about the yield of the early sown crop, but the situation is back to normal, with dry conditions prevailing since then.

Many weather watchers are of the opinion that the monsoon will be active across India in the last week of July. If this happens, the shortfall in sowing would narrow substantially. Accordingly, prices plunged last week from Rs 4,432 and are now hovering around an important support of Rs 4,150-4,180.

The 2018-19 crop was significantly lower, at around 55 lakh bags. Guar exports to the US were also lower, counter-balancing the effect of lower production (higher prices). Carried-forward stocks should thus be around the 2017-18 level. Guar prices, having discounted the demand-supply fundamentals of the 2018-19 season, will now take direction on the basis of the 2019-20 crop. The next two weeks will be crucial from a sowing perspective and will paint a better picture regarding the size of the next year's crop.

Nevertheless, the present situation is the worst and per-hectare productivity would be on the lower side. Any fall due to increased rainfall should be considered a good buying opportunity.

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Sensex off day's high, Nifty holds 10,550; FMCG, pharma in the red

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:                       
                                         Benchmark indices continued to trade higher with the Sensex rising 235.42 points to 35,100.52 and the Nifty climbing 56.80 points to 10,569.30, driven by banking & financial and auto stocks.About three shares advanced for every share falling on the BSE.

Global Market:

• Asian markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.06% while the Hang Seng is up 0.38%. The Nikkei 225 is not trading.

• US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.62% and the Bovespa rose 0.53%. The S&P 500 lost 0.59%.

• European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.78% and the FTSE 100 rose 0.48%. The CAC 40 lost 0.02%.

Major Headlines of the day:

•    Asia stocks bounce modestly but Saudi tensions limit gains.
•    Infosys PAT likely to get a push on higher growth, margin expansion – Q2 Results to be announced Today.

Trend in FII flows:-  The FIIs were Net Value of Rs 67.86 cash segment while the DIIs were Net Value of  294.78 per the provisional figures.

Securities in Ban For Trade Date 01-OCTOBER-2018
1. ADANIPOWER
2. IDBI

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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 open mildly lower; Rel Comm up 17%, Bajaj Finance extends rally

Sensex, Nifty open mildly lower; Rel Comm up 17%, Bajaj Finance extends rally


Indian Indices:     

                     The Nifty50 Benchmark indices started off Friday's trade mildly lower despite most Asian stocks traded in the green. The 30-share BSE Sensex was down 59.51 points at 35,089.61 and the 50-share NSE Nifty fell 17.90 points to 10,664.80. Sun Pharma, Bajaj Finance, Bajaj Auto, Tech Mahindra, Yes Bank, Eicher Motors, ONGC, Coal India, Lupin, Vedanta and Power Grid were early gainers. IOC, HPCL, BPCL, Wipro, Indiabulls Housing Finance, Cipla, UltraTech Cement, ICICI Bank and Asian Paints were under pressure. Nifty Midcap index was down 70 points. Voltas, Central Bank of India, Jyothy Labs, SRF, Crompton Consumer, TVS Motor Company, Biocon and Balkrishna Industries fell up to 5 percent.

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 0.25% while the Hang Seng is up 0.10%. The Shanghai Composite 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 higher today with shares in France leading the region. The CAC 40 is up 0.98% while Germany's DAX is up 0.91% and London's FTSE 100 is up 0.70%.

Major Headlines of the day:

• Coffee Day Q4: Profit up 95 percent at Rs 25.2 crore versus Rs 12.9 crore; revenue up 26 percent at Rs 1,297 crore versus Rs 1,029 crore (YoY)

• Voltas Q4: Profit down 3.1 percent at Rs 194.2 crore versus Rs 200.5 crore; revenue down 0.5 percent at Rs 2,048.4 crore versus Rs 2,058.3 crore (YoY)

• Bajaj Finserv Q4: Consolidated profit up 28 percent at Rs 685 crore versus Rs 535 crore; revenue up 25 percent at Rs 8,829 crore versus Rs 7,040 crore (YoY)

• Quess Corp Q4: Consolidated profit at Rs 75.75 crore versus Rs 33.34 crore; revenue at Rs 1,890.75 crore versus Rs 1,239.5 crore (YoY)

• Central Bank of India Q4: Loss widens to Rs 2,113.5 crore versus loss at Rs 591.77 crore, net interest income falls to Rs 1,500 crore versus Rs 1,715.5 crore (YoY); gross NPA jumps to 21.48 percent versus 18.08 percent, net NPA rises to 11.10 percent versus 9.45 percent (QoQ); provisions 4,832.5 crore versus Rs 3,081.6 crore (QoQ) and Rs 2,022.70 crore (YoY).

• Balkrishna Industries Q4: Profit up at Rs 193.62 crore versus Rs 137.9 crore; revenue rises to Rs 1,231.8 crore versus Rs 1,001.2 crore (YoY).

• JK Tyre & Industries Q4: Profit up at Rs 158.9 crore versus Rs 89.5 crore; revenue rises to Rs 2,284 crore versus Rs 2,152.49 crore (YoY)

• SRF Q4: Profit at Rs 123.9 crore versus Rs 129.22 crore; revenue at Rs 1,612.3 crore versus Rs 1,325.81 crore (YoY)

Trend in FII flows:-  The FIIs were Net Value of Rs  -830.94 in the cash segment THURSDAY while the DIIs were Net Value of Rs 428.92 as per the provisional figures.


TODAY ON EARNING FRONT:-   BAJAJ AUTO, DALMIA BHARAT, BAJAJ HOLDINGS, AMARA RAJA, TATA CHEMICALS, KIRLOSKAR OIL, KITEX, KALYANI STEELS, ASHOK LEYLAND

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

1. DHFL
2. Jet Airways,
3. Jaiprakash Associates,
4. Just Dial, PC
5. Jeweller and
6. Wockhardt

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Nifty opens below 10,000, Sensex slips 450 pts on US-China trade war fears;

Nifty opens below 10,000, Sensex slips 450 pts on US-China trade war fears;

Indian Indices:                                

SGX Markets set to open gap down as trade wars escalate. SGX Nifty is currently trading at 10,001 down 116 points. Indian markets are expected to see a continuation of the selling pressure, as global markets witness steep cuts on account of a potential trade war as both US and China imposed tariffs against each other.

The US has rolled back some tariffs on other countries which is a positive and measures announced By Donald Trump are less aggressive than what we feared, said Chetan Ahya, Co-Head of Global Economics & Chief Asia Economist at Morgan Stanley in an interview to CNBC-TV18. He believes this is going to have moderate impact on trade & growth. Previous experiences indicate impact of global trade war is not severe, he believes. Benchmark indices opened sharply lower on Friday, tracking steep fall in global peers on US-China trade war worries. The Sensex fell more than 450 points and the Nifty breached 10,000-mark for the first time in 2018.About 25 shares declined for every share rising on the NSE.HCC, Union Bank, Reliance Communications, Bank of Baroda, PNB, Bank of India, Canara Bank, IVRCL, GMR Infrastructure, Nalco, JSPL and SAIL fell up to 7 percent.

Capitalstars financial research pvt ltd

Global Market:

• Major Asian markets are trading in the red at present Nikkei is down 3.67%, Hang Seng is down 3.31% while Shanghai Composite is trading 2.21% lower.

• US Markets: Stocks witnessed heavy selling pressure in yesterday’s session with the major averages ending near the low point of the day.

• European markets also cracked yesterday with FTSE closing 1.24% lower, CAC dipped 1.4% while DAX ended  01.73 lower%.

Major Headlines of the day:

• Allahabad Bank: Bijaya Kumar Sahoo, Sarath Sura and Parthapratim Pal assume office as directors from March 22, 2018.
• Union Bank of India: CBI registers a case on a complaint filed by bank against Totem Infra.
• Cox & Kings: The company has sold 11.58% stake in subsidiary
• Shriram Transport Finance raises Rs 1830cr via bonds
• Hero Motocorp: The firm has hiked stake in Colombian jt venture to 68%

Trend in FII flows: The FIIs were Net Value of Rs 161.11 the cash segment Thursday  while the DIIs were Net Value of Rs 409.89 as per the provisional figures.

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

1.HDIL
2.IDBI
3.IFCI
4.JETAIRWAYS
5.JINDALSTEL
6.JPASSOCIAT
7.RCOM

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The equity benchmark indices are likely to witness a flat to positive opening

The  equity benchmark indices are likely to witness a flat to positive opening

Indian Indices:                                SGX Nifty is indicating a marginally positive opening for the Indian markets. Indian sdmarkets 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 Nikkei is up 0.48%, Hang Seng is up 0.32%, while Shanghai Composite is trading marginally lower, down 0.21%.

·       US Stocks witnessed a volatile trading session before ending the session marginally in the red. The Dow edged down 0.2% to 24,682.31, the Nasdaq dipped 0.3% to 7,345.29 and the S&P 500 ended 0.2% lower at 2,711.93. The lower close on Wall Street came after the Federal Reserve announced its widely anticipated decision to raise interest rates by 25 basis points from 1.5% to 1.75%. Fed reiterated its plan to raise interest rates gradually. The central bank continues to project three rate hikes in 2018.

·       European markets ended mixed yesterday with FTSE closing 0.32% lower, CAC dipped 0.24%, while DAX ended up 0.01 %.

Major Headlines of the day:

·        UltraTech Cement: The firm’s MD says we were not told about potentially suspect transactions.

·        Jaiprakash Associates: The Supreme Court has asked the firm to deposit Rs 200 crore by May 10

·        Reliance Communications: The firm has received bondholders’ approval for asset monetization plan.

·        Arvind: Adient India and the company have formed joint venture to make automotive fabric in India.

·        NMDC - Coal handling system charged to pave way for commissioning of coke oven battery at Nagarnar steel plant

Trend in FII flows:            

                                                     The FIIs were Net Value of Rs 98.44 the cash segment Wednesday  while the DIIs were Net Value of Rs 197.78 as per the provisional figures.

Securities in Ban For Trade Date 22-MAR-2018:

1.HDIL

2.IDBI

3.IFCI

4.JINDALSTEL

5.JPASSOCIAT

6.RCOM

7.SAIL

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Market Conditions Showing Negative Bias

Markets open lower amidst negative global cues.

Indian Indices:

SGX Nifty indicating a negative opening for the Indian markets. Indian markets are expected to trade with a negative bias continuing the negative momentum witnessed in yesterday’s trade. The Indian equity benchmark indices are likely to open on a negative note tracking bearish Nifty futures on the Singapore stock exchange and weak cues from Asian peers. Weak SGX Nifty Index Futures for March delivery, which was trading at 10,073, down by 42 points or 0.42 at 11:26 AM Singapore time, also signaled a negative opening for the domestic equity bourses.

Capitalstars research pvt ltd

Global Market:

·      Major Asian markets are trading in the red at present. Nikkei is currently down 0.99%, Hang Seng is down 0.66% while Shanghai Composite is down 0.39%.

·       US Markets saw major dip with Dow Jones shedding 335 points to close 1.35% lower, while Nasdaq index tumbled 1.84% as fresh regulation worries tanked technology stocks.

·       European markets also saw deep cuts with FTSE closing 1.7% lower, CAC ended 1.1% lower while DAX ended 1.4% lower.

Major Headlines of the day:

·        L&T set to win EPC contract for new dry dock- Larsen & Toubro Ltd has emerged the lowest bidder in a tender issued by Cochin Shipyard Ltd for the engineering, procurement and construction (EPC) contract of a new dry dock.

·        Godrej Agrovet may join race to acquire Ruchi Soya- Godrej Agrovet Ltd plans to bid for Ruchi Soya Industries Ltd, which is undergoing bankruptcy resolution, with an eye on its palm oil business.

·        Nalco to form joint venture for auto-grade aluminium unit- National Aluminium Company Ltd (Nalco) has firmed up plans to set up a joint venture with Canada-based Almex for the production of automotive-grade aluminium.

Trend in FII flows:   The FIIs were Net Value of Rs 292.23 the cash segment Monday while the DIIs were Net Value of Rs -191.52 as per the provisional figures.

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

1.DHFL

2.HDIL

3.IDBI

4.JPASSOCIAT

5.R COM

6.SAIL

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Sensex opens 100 points higher, Nifty reclaims 10,400

Sensex opens 100 points higher, Nifty reclaims 10,400; IT gains post rupee move;

 Indian Indices:

The domestic equity benchmark indices are likely to open on a positive note today despite mixed cues from global markets. firm SGX Nifty Index Futures for February delivery,which was trading at 10,430.50, up by 65 points or 0.63at 11:22 AM Singapore time, also signaled a higher opening for the domestic equity bourses.The domestic equity market is expected to remain volatile this week ahead of February F&O expiry due this Thursday.

The equity market has begun the day on a positive note, with the Sensex gaining over 100 points, while the Nifty reclaimed 10,400. The Sensex is up 168.98 points or 0.50% at 33872.57, while the Nifty is up 46.60 points or 0.45% at 10407.00. The market breadth is positive as 358 shares advanced, against a decline of 138 shares, while 81 shares are unchanged. In case of stocks, IT stocks are reacting positively to the rupee's depreciation. TCS and Infosys are among Sensex gainers. Coal India, Sun Pharma and ONGC are the top losers.

capitalstars research pvt. ltd.

On the Economy front

 Ø Union Cabinet yesterday approved a new law to ban unregulated deposits to prevent duping of gullible investors through Ponzi 

   schemes and approved changes to the chit fund law.

Ø Government approved the methodology for auctioning coal blocks for commercial mining by the private sector, a move that would end 

   monopoly of Coal India.

On the Stock front

Ø Shares of Eros International will remain in focus in today’s trade as Reliance Industries has agreed to acquire 5 per cent stake in media 

firm Eros International, through a subsidiary, for USD15share.

Ø Reliance and Eros International Media, part of Eros International have agreed to a jointly produce and consolidate content from across the country.

PREVIOUS DAY ROUNDUP (DOMESTIC)

Ø The Indian equities ended lower for the third straight session on Tuesday, paring early gains, tracking weak cues from Asian peers, 

  due to sharp selling in the final hour of the day’s trade.

 Global Market:

· Major Asian markets are also trading in the green at present. Nikkei is currently up 0.63%, Hang Seng is trading 0.93% higher while Shanghai Composite is up 0.45%.

 · US Markets: Major Indices showed a lack of direction over the course of the trading session on Tuesday before ending the session in the red. The Dow slumped 1% ending at 24,964.76, the Nasdaq edged down 5.16 points to 7,234.31 and the S&P 500 fell by 15.96 points closing at  2,716.26

·European markets also closed in the green yesterday with CAX was up 0.64% and DAX closed 0.82% higher while FTSE closed flat down 0.01%,

 Major Headlines of the day:

· Bank Of India-Gets shareholders' nod to issue fresh capital as tier-I/tier-II bonds for pref shrs for amount up to Rs 10,000 cr, Gets shareholders' nod to issue shares worth RS 6,975 cr to govt

· Reliance Industries, Eros International PLC, Reliance invests in 5% stake of Eros for USD 48.75mn, To set up 1000cr corpus to produce content.

· Max India, Max Healthcare, Company’s equal JV, life healthcare group holdings ltd initiates preliminary discussions with company to explore possibility of acquisition of Life healthcare, shares in max healthcare institute limited by the company.

Trend in FII flows: The FIIs were Net Value of Rs -850.35  the cash segment Tuesday while the DIIs were Net Value of Rs 1437.24 as per the provisional figures.

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

1.BALRAMCHIN

2.DISHTV

3.FORTIS

4.GMRINFRA

5.IFCI

6.JISLJALEQS

7.JPASSOCIAT

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