Sensex ends 150 pts higher, Nifty below 10,800; auto, bank stocks top gainers.

Capitalstars Financial Research pvt. ltd.

Benchmark indices ended the volatile session on positive note on Thursday with Nifty ended below 10,800 level.

The Sensex was up 150.57 points or 0.42% at 35929.64, while Nifty was up 53.90 points or 0.50% at 10791.50. About 1470 shares have advanced, 1055 shares declined, and 135 shares are unchanged.

Wipro, Kotak Mahindra Bank, Infosys, Maruti Suzuki and Tata Motors are the top gainers on the Sensex, while Yes Bank, Sun Pharma, TCS, Tata Steel and Coal India are among major losers.

HEADLINES OF THE DAY

TVS Motor Company said it rolled out the 50,000 unit of the BMW 310 cc motorcycle. The motorcycle was rolled out from the Hosur plant of the company.
Steel Strips Wheels bagged their largest repeat exports order for truck & trailer Aftermarket from USA.

Yes Bank Corrects Further After Board Meeting :- The bank’s Nomination & Remuneration Committee (N&RC) and board of directors have finalised the recommendation for non-executive part-time chairman position and will be promptly seeking requisite approvals from the Reserve Bank of India.

The crucial resistance for Nifty spot is now seen at 10880 and above this 10960 Support for the immediate term is now placed at 10680 next support will be 10520.

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Bulls take charge on D-Street as Sensex ends 629 pts higher; Nifty above 10,700.

Capitalstars Financial Research pvt. ltd.

Bulls took charge right from the word go and consistently traded in the green. But intense buying in the last hour helped the market end on an even stronger note. The Nifty, not only managed to clock 10,700, but also closed above this mark.

Buying was visible across all sectors, with maximum gains seen among automobiles, metals, banks, infrastructure and consumption names. In the broader market, the Nifty Midcap index ended 3 percent higher.

At the close of market hours, the Sensex closed up 629.06 points or 1.79% at 35779.07, while the Nifty rose 188.40 points or 1.79% at 10737.60. The market breadth was positive as 1,882 shares advanced, against a decline of 645 shares, while 139 shares were unchanged.
Hero MotoCorp, Bharti Airtel, and Indiabulls Housing gained the most, while Dr. Reddyâs Laboratories, and Bharti Infratel lost the most.

HEADLINES OF THE DAY

Ramco wins order: Ramco Systems has secured deal from a leading adversary air (ADAIR) services provider to the US defence forces, to manage its fleet of fighter aircraft used for highly complex training fleet and defence contract requirements.
Rating Agency CARE Ratings has reaffirmed CARE A1+ rating on Shree Cements’ Commercial Papers of Rs 300 crore.
Torrent Power has ought a nod from Gujarat regulator to hike tariffs so that it could offset under-recoveries. The company said that the tariff hike will help it recover Rs 275 crore.

ACC Board Grants Nod to set up a greenfield integrated cement plan at Ametha.
Zydus Wellness to acquire Heinz India: Shares of Zydus Wellness gained 2 percent on Wednesday after company received CCI approval for acquisition of businesses of Heinz.

The crucial resistance for Nifty spot is now seen at 10880 and above this 10960 Support for the immediate term is now placed at 10620 next support will be 10500.

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Sensex ends 190 pts higher, Nifty around 10,550 despite Patel’s exit, setback for BJP.

capitalstars financial research pvt. ltd.

In what was anticipated to be a day of bloodbath on D-Street, a trend reversal in the last few hours of trade helped Indian shares close on a positive note.An abrupt resignation by RBI governor Urjjit Patel late on Monday, along with jitters among investors who bet on a stable government added to the negative sentiment.

In fact, overnight, the Nifty futures on Singaporean Exchange fell 450 point as well, bracing investors for a similar impact here.
However, some clarity emerging on single party getting a majority in all states could have aided sentiment on the markets.
Among sectors, pharmaceuticals, PSU banks, consumption, IT and automobiles, among others, were the big gainers. Meanwhile, the Nifty Midcap index closed with gains of 2 percent.

At the close of market hours, the Sensex was up 190.29 points or 0.54% at 35150.01, while the Nifty was up 60.70 points or 0.58% at 10549.20. The market breadth was positive as 1623 shares advanced, against a decline of 771 shares, while 139 shares were unchanged.
Yes Bank and Sun Pharma were the top gainers, while HDFC Bank, Bharti Airtel, HPCL and IOC lost the most.

HEADLINES OF THE DAY

Country’s largest lender State Bank of India (SBI) said extradition of fugitive liquor baron Vijay Mallya from the UK to India will speed up the recovery of over Rs 9,000 crore of loans.

Tata Consultancy Services shares climbed 1.5 percent intraday Tuesday after the sharp depreciation in Indian currency and the launch of new solution for airline industry.
The Indian rupee has recovered sharply from its low points, surging over 50 paise to around 71.88 per US dollar.

The crucial resistance for Nifty spot is now seen at 10660 and above this 10830 Support for the immediate term is now placed at 10470 next support will be 10300.

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Bloodbath on D-Street as Sensex plunges over 700 pts; Nifty gives up 10,500.

capitalstars Financial Research Pvt. Ltd.

Bears took complete control on D-Street, as benchmark indices shed nearly 2 percent. Weak global cues, reactions to exit polls as well as weak macro data weighed big on Sensex and the Nifty.
The 50-share index ended the session below 10,500.
Selling was visible across all sectors, with maximum pain seen among banks, automobiles, energy, consumption and pharmaceuticals, among others.

At the close of market hours, the Sensex was down 713.53 points or 2.00% at 34959.72, and the Nifty down 205.20 points or 1.92% at 10488.50. The market breadth was negative as 647 shares advanced, against a decline of 1870 shares, while 134 shares were unchanged.
Coal India, Maruti Suzuki, IOC and BPCL were the top gainers, while Kotak Mahindra Bank, Reliance Industries, and Indiabulls Housing lost the most.

HEADLINES OF THE DAY

HCL Technologies announced a new five-year contract with multinational life insurance, pensions and asset management company Aegon.
CONCOR to consider bonus issue: A meeting of the board of directors of the company is scheduled to be held on December 20 to consider issue of bonus shares to the shareholders of the company which, if approved, will be subject to applicable regulatory provisions and the approvals of shareholders and others as may be required for the same.

Lupin received Establishment Inspection Report (EIR) for its Pithampur (Unit 3) facility. The inspection at the site was conducted between June 12, 2017 and June 16,2017.

Kotak Mahindra Bank shares plunged more than 6 percent intraday Monday after the lender filed writ petition before Bombay High Court to validate its position w.r.t perpetual non-convertible preference shares (PNCPS).

The crucial resistance for Nifty spot is now seen at 10340 and above this 10200 Support for the immediate term is now placed at 10590 next support will be 10680.

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Sensex ends 361 points higher ahead of exit polls, Nifty just short of 10,700; Kotak Bank up 9%.

Capitalstars Financial Research Pvt. Ltd.

Equity benchmarks ended the session on a positive note, with the Nifty ending well above 10,650-mark.
Investors awaited cues from exit polls of elections in five states.
Financials led the surge, backed by a huge jump in Kotak Mahindra Bank.

Meanwhile, automobiles and consumption names were the big gainers, while the Nifty Midcap ended flat.
At the close of market hours, the Sensex was up 361.12 points or 1.02% at 35673.25, while the Nifty was higher by 92.50 points or 0.87% at 10693.70. The market breadth was negative as 1077 shares advanced, against a decline of 1458 shares, while 155 shares were unchanged.
Kotak Mahindra Bank, Adani Ports, and Bajaj Finserv were the top gainers, while Sun Pharma, Coal India, HCL Tech and GAIL lost the most.

HEADLINES OF THE DAY

ICRA has revised Jet Airways’ long term loans and NCD rating to ‘C’ from ‘B’, while the outlook is negative.
Shares of Dilip Buildcon rose 4.4 percent as company bagged order worth Rs 1,000 crore from Mahanadi Coalfield.
Kotak Mahindra Bank, in an exchange filing, has said that it is unaware of any plans by Berkshire Hathaway to buy a stake in the bank. The lender has issued a clarification based on a story by CNBC-TV18 that Warren Buffet company was looking to buy 10 percent stake.

Russia wants to cut oil output by max 150,000 bpd for first three months of 2019, according to Reuters reports.
Sebi imposed a fine of Rs 5 lakh on Bampsl Securities for violating disclosure norms regarding the change in shareholding of Kay Power Paper. The Securities and Exchange Board of India (Sebi) conducted a probe regarding the trading in the scrip of Kay Power from June to August, 2014.
Techno Electric has bagged orders worth Rs 313 crore.
GAIL India shares fell 4.5 percent in morning after global research house feels upcoming quarterly results for the company may be quite weak.

The crucial resistance for Nifty spot is now seen at 10800 and above this 10960 Support for the immediate term is now placed at 10510 next support will be 10420.

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Sensex ends 572 pts lower, Nifty holds 10,600; Maruti Suzuki, RIL, Yes Bank major losers.

Capitalstars Financial Research pvt. ltd.

Benchmark indices remained under pressure throughout the session with Nifty ended just above 10,600 level, while Sensex lost 570 points.
The Sensex was down 572.28 points at 35,312.13, while Nifty was down 181.70 points at 10,601.20. About 745 shares have advanced, 1778 shares declined, and 150 shares are unchanged.
Maruti Suzuki, Tata Motors, Yes Bank, Reliance Industries and Adani Ports are the major losers on the Sensex.

HEADLINES OF THE DAY

Oil prices are trading lower after Saudi Energy Minister statement with Brent crude oil is trading around USD 61 per barrel.
RBI likely to keep policy rates unchanged for the rest of FY19: Anand Rathi.
Allahabad Bank to raise funds: The company approved raising equity capital by an amount aggregating upto Rs 3054 through preferential issue of equity shares to the Government of India.

Muthoot Finance shares fell more than 10 percent after the asset quality deteriorated in the quarter ended September 2018.
All sectoral indices traded in the red in afternoon with Nifty Bank, Auto, FMCG, Financial Service, FMCG, Metal and Realty falling 1-2 percent.

Reliance Capital constitute search & selection committee for CEO.
Alembic Pharmaceuticals board meet outcome: The Board of Directors of Alembic Pharmaceuticals at its meeting held today has approved the issue of Unsecured Listed Redeemable Non-Convertible Debentures (NCDs) of upto Rs 500 crore on Private Placement basis.

Manappuram Finance will be considering a fund raising issue through NCDs on December 11, 2018.
Aurobindo Pharma extends losses: Aurobindo Pharma shares fell 5.6 percent intraday Thursday on top of 3 percent loss seen in previous session after a media report indicated that the company named in a lawsuit for selling adulterated irbesartan products.

The crucial resistance for Nifty spot is now seen at 10800 and above this 10960 Support for the immediate term is now placed at 10510 next support will be 10420.

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Sensex, Nifty lower for second straight session as RBI keeps rates unchanged.

capitalstars Financial reserach pvt. ltd.

It’s a negative close for the market for second consecutive session as investors reacted to the stance on interest rates by the Reserve Bank of India. The Monetary Policy Committee (MPC) kept interest rates unchanged, but sharply cut the inflation targets for October-March.
However, equity benchmarks are off their low points as the Sensex had cracked over 300 points, while the Nifty tested 10,750-mark.

Selling was visible across all major sectors, with automobiles, banks, consumption, infrastructure, metals and pharma ending in the red. The Nifty Midcap was down over a percent.
At the close of market hours, the Sensex was down 249.90 points or 0.69% at 35884.41, while the Nifty was lower by 80.20 points or 0.74% at 10789.30. The market breadth was negative as 799 shares advanced, against a decline of 1,744 shares, while 145 shares were unchanged.
HUL and HDFC were the top gainers, while Sun Pharma, Tata Steel, and Hindalco lost the most.

HEADLINES OF THE DAY

REC has reported a net profit of Rs 1,764 crore for the September quarter against Rs 1,408 crore posted during the same quarter of last year.
RBI MPC meet outcome highlights:

- Repo rate unchanged at 6.5%

- CPI inflation has been projected at 2.7-3.2% for October-March

- FY19 GDP growth target maintained at 7.4%

- October-March GDP Growth Forecast at 7.2-7.3%

The repo rate has been unchanged at 6.5 percent.
The Indian rupee is trading flat at 70.48 per dollar against previous close of 70.49.
Dilip Buildcon Ltd fined Rs 33.78 cr for excavation work in Maharashtra.

The crucial resistance for Nifty spot is now seen at 10920 and above this 11200 Support for the immediate term is now placed at 10650 next support will be 10540.

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Sensex closes over 100 points lower, Nifty below 10,900; IT stocks gain.

capitalstars Financial research pvt. ltd.

Shares have closed lower, amid caution ahead of RBI’s monetary policy committee meeting outcome on Wednesday. Uncertainty over US-China trade truce has also weighed on indices. 

Among sectors, weakness was visible among automobiles, banks, consumption and infrastructure names, while IT and pharma index ended in the green. The Nifty Midcap index was lower by around one-third of a percent. 

At the close of market hours, the Sensex closed down 106.69 points or 0.29% at 36134.31, while the Nifty was lower by 14.30 points or 0.13% at 10869.50. The market breadth is negative as 1154 shares advanced, against a decline of 1393 shares, while 143 shares were unchanged.

ONGC, Wipro, and BPCL were the top gainers, while Sun Pharma and M&M lost the most.  

HEADLINES OF THE DAY

Uflex shares rallied 6.5 percent intraday Tuesday on receiving patent from the United States for BOPET film. Ramco System shares climbed 4.4 percent intraday after the company joined hands with KPMG Malaysia to offer HR & payroll business platform as a service (BPaaS).

Tata Motors Plans Large-scale Overhaul Of Its Sales Network.

Govt Not To Participate In LIC's Open Offer In IDBI Bank.

IL&FS New Board Says Group-level Resolution For Crisis, Debt Unlikely.

IDBI Bank Tuesday said government will not participate in LIC's open offer to acquire 51 percent stake in the bank.

The crucial resistance for Nifty spot is now seen at 10920 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10590.

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Sensex ends flat, Nifty fails to close above 10,900; Sun Pharma down 8%.

Capitalstars Financial Research pvt. ltd.

After trading around the flat line for a greater part of the session, equity benchmarks have ended in the green. The Nifty failed to close above 10,900, though.
Consumption, IT, metals and PSU banks were the big gainers, while the Nifty Midcap index outperformed frontline indices.
Pharmaceuticals were the big losers, with the Nifty Pharma ending over 2 percent lower.

At the close of market hours, the Sensex was up 46.70 points or 0.13% at 36241.00, while the Nifty was higher by 7.00 points or 0.06% at 10883.80. The market breadth was narrow as 1,328 shares advanced, against a decline of 1,263 shares, while 160 shares were unchanged.
Yes Bank, HUL, and Indiabulls Housing gained the most, while Sun Pharma, M&M, and HPCL were the top losers.

HEADLINES OF THE DAY

HUL approves merger with GSK Consumer, stocks gain 3-6%.
Supreme Court allows auction of Unitech properties.
The board of directors of Hindustan Unilever today approved a scheme of amalgamation between the Company and GlaxoSmithKline Consumer Healthcare Limited (GSK CH India) subject to obtaining requisite approvals from statutory authorities and shareholders.

Mahindra First Choice Services has acquired key assets of Carnation Auto.
India Ratings and Research (lnd-Ra) has affirmed the trust's long term senior debt rating at 'TND AAA' with stable outlook.

The crucial resistance for Nifty spot is now seen at 10920 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10590.

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GDP growth at 7.1% seems disappointing

Capitalstars Financial Research pvt. ltd.

GDP growth for second quarter 2018-19 at 7.1 per cent seems disappointing. Manufacturing growth at 7.4 per cent and agriculture growth at 3.8 per cent is steady. Construction at 6.8 per cent and mining at minus 2.4 per cent reflect monsoon months deceleration," he said in a tweet.

"First half GDP growth is at 7.6 per cent and is quite robust and healthy. Still the highest growth rate in the world," he said.

His remarks came after the official data released on Friday showed that the pace of India's Gross Domestic Product (GDP) growth slowed during the second quarter of 2018-19 to 7.1 per cent from 8.2 per cent in the first quarter. It was 6.3 per cent in the corresponding period of the previous fiscal.

2QFY19 GDP missed consensus slightly despite favourable base effects, with the slowdown concentrated in consumption on the expenditure-end. Farm sector performance and non-public admin sectors have been a drag on sectoral breakdown. The softer 1HFY growth pace will reinforce expectations that March 2019 growth will be sub-7 percent by the March 2019 quarter, with full-year real GDP growth to be close to 7 percent."

"Easing inflation and a wider output gap will see the central bank pause in December and the rest of FY19. The likelihood and scale of policy tightening in FY20 hinge on external developments, particularly rupee and oil.

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Subdued start to Dec series, Nifty below 10,900; Sensex flat; pharma, IT outperform.

capitalstars financial research pvt. ltd.

Benchmark indices ended marginally higher on Friday, but the Nifty could not hold on to 10,900 level.
This is fifth consecutive day gain recorded by the indices.

The Sensex was up 23.89 points at 36194.30, while Nifty was up 22.10 points at 10880.80. About 1278 shares have advanced, 1310 shares declined, and 146 shares are unchanged.
Among the sectors pharma and IT space outperformed the other indices with 1-2 percent gain, while bank, infra, metal and energy stocks have underperformed.

HEADLINES OF THE DAY

Promoter increased holding in Inox Leisure: Board approved the allotment of 64,00,000 equity shares of face value Rs 10 each to Gujarat Fluoro chemicals, the holding company, (the Promoter) at the issue price of Rs 250 per equity share, including a premium of Rs 240 per equity Share, aggregating to Rs 160 crore.

Allahabad Bank to consider fund raising: A meeting of the board of directors of the company is scheduled on December 6 to consider and approve capital infusion of Rs 3054 crore in the bank by the Government of India.
Lupin shares gained over 2 percent after the launch of skin infection treatment cream in the United States.

The crucial resistance for Nifty spot is now seen at 10920 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10590.

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Market Wrap Up

capitalstars Financial research pvt. ltd.

A stronger rupee, falling crude oil prices along with a dovish commentary from the US central bank chief boosted markets across the globe, including India. Back home, the Nifty surged past 10,800 on a day when F&O contracts for November series expire.
The Sensex, meanwhile, hit 36,000 during the day’s trade, rising over 530 points.
Both indices ended the session on a strong note, with the Nifty retaining XX mark on expiry.

At the close of market hours, the Sensex closed up 453.46 points or 1.27% at 36170.41, and the Nifty up 129.80 points or 1.21% at 10858.70. The market breadth was narrow as 1300 shares advanced, against a decline of 1292 shares, while 145 shares were unchanged.
Bajaj Auto, Kotak Mahindra Bank, and Bajaj Finance were the top gainers, while Power Grid, NTPC, and HCL Tech lost the most.

HEADLINES OF THE DAY

Deep Industries bags contract: Shares rallied nearly 11 percent intraday Thursday after the company bagged contract from country's largest oil & gas exploration company ONGC.
Shares of Neuland Laboratories surged 13 percent after USFDA issued no observation to its manufacturing facility.

TCS and Phoenix Group expand partnership: Tata Consultancy Services announced an expansion of its ongoing 12-year old partnership with the Phoenix Group, Europe's largest life and pensions consolidator.
Shares of Piramal Enterprises gained 4 percent intraday Thursday after company approved issue of NCDs worth Rs 500 crore.

The crucial resistance for Nifty spot is now seen at 10920 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10590.

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