Closing Bell: Nifty ends above 11K, Sensex up 636 pts on possible roll-back of higher tax on FPIs.

After remained volatile in the first half on August 8, the bulls took the charge in the second half and help Nifty to close above 11,000 after media reports suggested that the government is likely to roll-back recently impose a higher tax on foreign portfolio investors (FPIs).

At close, the Sensex was up 636.86 points at 37,327.36, and the Nifty was up 177 points at 11,032.50. About 1379 shares have advanced, 1020 shares declined, and 149 shares are unchanged. 

HCL Technologies, Tata Motors, JSW Steel, Reliance Industries and M&M were among major gainers on the indices, while losers were Tata Steel, Cipla, UltraTech Cement, Indiabulls Housing and IndusInd Bank.

All the sectoral indices ended higher led by the IT, auto, bank energy, FMCG, metal, pharma and infra.

HEADLINES OF THE DAY

UCO Bank Q1:The company posted net loss at Rs 601.4 crore against loss of Rs 634 crore, while net interest income (NII) was up 8.7 percent at Rs 1,335 crore against Rs 1,228 crore, YoY.

Thermax has reported a whopping 28 percent year-on-year growth in June quarter profit at Rs 62.76 crore, driven by strong growth in energy business. Profit in same period previous year was reported at Rs 48.97 crore.

Shares of Adani Enterprises gained 3 percent intraday on August 8 after company posted consolidated net profit at Rs 601.2 crore against Rs 169.4 crore, while revenue was up 39.7 percent at Rs 10,561 crore versus Rs 7,558 crore, YoY. The profit included one-time gain of Rs 328.5 crore. 

Lupin announced the completion of the United States Food and Drug Administration (USFDA) inspection carried out at its Nagpur oral solid manufacturing facility. The inspection was carried out between August 5, 2019 and August 8, 2019. The inspection for the oral solid facility at Nagpur closed without any 483 observations. 

Benchmark indices gained strength amid volatility. The BSE Sensex rallied 210.43 points to 36,900.93 and the Nifty50 rose 56.10 points to 10,911.60.

The crucial resistance for Nifty spot is now seen at 11200 and above this 11460 Support for the immediate term is now placed at 10820 next support will be 10660.

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Market at close: The last hour selling has pulled the indices to the day's low level after remained volatile as Reserve Bank of India (RBI) has cut the repo rate by 35 bps at 5.40 in its policy meet.

At close, the Sensex was down 286.35 points at 36,690.50, while Nifty was down 92.80 points at 10,855.50. About 1107 shares have advanced, 1348 shares declined, and 159 shares are unchanged. 

Indiabulls Housing, M&M, Tata Steel, Tata Motors and BPCL were among major losers on the Nifty, while gainers were Zee Entertainment, Cipla, HUL, Yes Bank and Hero Motocorp.

Except IT and pharma, all other sectoral indices ended in the red led by bank, metal, auto, energy and infra. BSE midcap and smallcap index ended with marginal loss.

Adani Ports Q1 earnings:

The company's Q1 net profit at Rs 1,022.4 crore including one-time loss at Rs 58.6 crore. Revenue of the company for the June quarter was at Rs 2,794.5 crore

Its other income was up Rs 422.5 crore versus Rs 292.8 crore. EBITDA margin was up at 66.1% versus 52.8%.

Cipla Q1 result:

The company's Q1 consolidated net profit was up 6 percent at Rs 478.2 crore against Rs 451.3 crore. Revenue was up at Rs 3,989 crore against Rs 3,940 crore, YoY.

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 24.4% at Rs 904.6 crore against Rs 727.4 crore and margin was up 220 bps at 22.7 percent versus 18.5 percent.

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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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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

For more update you can contact us :

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Market Prediction for the whole month

Markets expected to be volatile ahead of Feb Expiry;

Indian Indices:

The Indian equity benchmark indices are likely to open on a negative note today amid muted trend in Nifty futures on the Singapore stock exchange and soft cues from other Asian peers. negative SGX Nifty Index Futures for February delivery, which were trading at 10,357, down by 45 points or 0.43%at 11:24 AM Singapore time, signalled a flat to negative opening for the domestic equity bourses. Volatility is likely to remain high in today session as traders will roll their position from February series contract to March series contract on expiry today.

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On the Economy front

ØThe markets may react to a report that India's economic growth is likely to be in the range of 6.5

     

Ø  percent this fiscal. Further, EPFO lowered the rate of interest on employees provident fund to 8.55% for 2017­18, from 8.65% in the previous fiscal.

PREVIOUS DAY ROUNDUP (DOMESTIC)

ØSnapping three day losing streak, the Indian equities ended higher on Wednesday, undermining weak cues from Asian peers, led by 

rally in IT and Teck stocks after Nasscom said the country’s IT exports could grow between 7 and 9 per cent in 2018/­19

Global Market:

·       Asian markets are also trading mixed at present. Nikkei is currently down 1.25%, Hang Seng is trading 1.12% lower, while Shanghai Composite is up 1.40%.

· US Markets: Wall Street witnessed selling pressure in yesterday’s trade. The Dow fell 0.7% to 24,797.78, the Nasdaq dipped 0.2% to 7,218.23 and the S&P 500 fell 0.6% to 2,701.33. The lower close on Wall Street came as traders expressed concerns after the minutes of the Fed's January meeting indicated the central bank still plans to raise interest rates three times in 2018.

Major Headlines of the day:

·        Bhushan Power lenders ask Tatas to revisit conditions, The consortium of lenders to Bhushan Power & Steel has asked Tata Steel to waive certain conditions in its offer for the company.

·        Tata may sell auto components unit Tata Auto Comp Systems, Tata group is planning to sell its automotive parts manufacturing company Tata Auto Comp Systems Ltd, reports Mint. The group is currently in talks to hire an investment bank to manage the sale.

·        United Spirits set to auction Mallya’s Mumbai house, United Spirits Ltd is set to invite bids for its sea-facing mansion called Niladri on Napean Sea road in South Mumbai, reports Mint. Former chairman Vijay Mallya has often used the property, priced at around Rs300 crore, as his Mumbai residen.

Trend in FII flows: The FIIs were Net Value of Rs -1214.18  the cash segment Thursday while the DIIs were Net Value of Rs 1375.48 as per the provisional figures.

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

1.BALRAMCHIN

2.FORTIS

3.GMRINFRA

4.IFCI

5.JISLJALEQS

6.JPASSOCIAT

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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

For more update you can contact us :

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Stock to focus for a day

Stock of the day

Hi guyz, in the fluctuation time of the current market situation here i am going to share with you some stock related news for the better trading result.

Stock tips @ capitalstars

Alok Industries: At least four potential suitors, including the distressed funds of Kotak Mahindra and Edelweiss.

 ,Bajaj Electricals: Recently there was a announcement from the company that the Engineering & Project Business Unit of the Company has bagged a Power Distribution project worth of $ 4,126,587.07

Thermax: Net profit of Thermax rose 9.31 per cent to Rs 58.58 crore in the quarter ended December 2017 as against Rs 53.59 crore during the previous quarter ended December 2016. 

Union Bank of India, BoB: And if you about the deal between the Union Bank of India and Bank of Baroda (BoB) are set to sell their Bhushan Steel loans to Acre ARC, owned by SSG Capital.

Berger Paints: actual profit of Berger Paints India rose 19.73 per cent to Rs 114.86 crore in the quarter ended December 2017.

Lupin: Net profit of Lupin declined 64.03 per cent to Rs 309.18 crore in the quarter ended December 2017 as against Rs 859.47 crore during the previous quarter ended December 2016. 

For more trade related query you can contact us by below given details.

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INDIAN EQUITY MARKET WRAP UP-01 APRIL 2016

INDIAN BENCHMARKS: SENSEX FALLS 72.22 POINTS, NIFTY AT 7713.05

The domestic equity indices extended losses and were trading over half a per cent lower on Friday tracking weak start to European markets.

The S&P BSE Sensex has traded about 150 points lower. The gains in ITC, L&T and Asian paints were offset by index heavyweights such as HDFC, Bharti Airtel, Tata Motors, M&M, TCS, and SBI.

The Nifty50 today tested its crucial level of 7,700 on the day 1 of April futures and options series. 

At the end Sensex closes below 72.22 points and Nifty 25.35 points down to 7713.05.

HEADLINES OF THE DAY

Eicher Motors March 2016 CV Sales grow a robust 53%

HCL Technologies close to acquire Geometric

Dr. Reddy’s acquires Rights to Investigational Anticancer Agent E7777

The crucial resistance for Nifty SPOT is now seen at 7750 and above this 7801. Support for the immediate term is now placed at 7643 and next support will be 7582.

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INDIAN EQUITY MARKET WRAP UP-21 MARCH 2016

INDIAN BENCHMARKS: SENSEX RALLIES 333 POINTS, NIFTY 50 RECLAIMS 7700

The S&P BSE Sensex surged 333 points to reclaim its crucial psychological level of 25,000 on Monday, led by gains in ITC, HDFC, and ICICI Bank.

The Nifty50 breached its crucial mark of 7,700, supported by gains in consumer durable, realty, banks, auto, and oil & gas stocks. 

The broader market rallied in line with the benchmarks, with the BSE midcap and small cap indices gaining 1.40 and 1.36 per cent, respectively, for the day. A sharp rise in the Chinese market, gains seen on Dow Jones futures and positive trading in European markets, boosted the market sentiment.

The rupee continued its winning streak for the fourth session by rising 4 paisa to 66.46 against the US dollar on Monday, despite mixed cues from Asian currency markets.

HEADLINES OF THE DAY

Zee Entertainment in talks to acquire Reliance Broadcast

Aurobindo receives USFDA approval for Naproxen Sodium Tablets

Persistent Systems, IBM tie-up to contribute 15-20% to revenue in FY17

The crucial resistance for Nifty SPOT is now seen at 7730 and above this 7801. Support for the immediate term is now placed at 7614 and next support will be 7585.

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