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Closing Bell: Nifty ends below 11,350, Sensex sheds 305 points; metal stocks gain, Bajaj Finserv falls 5%.

Benchmark indices reported third straight session loss on July 22 but ended off day's low with Nifty below 11,350 level.

At close, the Sensex was down 305.88 points at 38,031.13, while Nifty was down 73.10 points at 11, 346.20. About 816 shares have advanced, 1680 shares declined, and 155 shares are unchanged.

Bajaj Finserv, HDFC, Kotak Mahindra Bank, HDFC Bank and Eicher Motors were among major losers on the Nifty, while gainers were Yes Bank, Vedanta, Hindalco Industries, Zee Entertainment and Indiabulls Housing.

Among sectors, Banks and FMCG indices ended 1 percent lower, while buying seen in the metal, pharma, energy, IT and auto. On the other hand, midcap index was down 0.6 percent, while smallcap index shed 1%.

HEADLINES OF THE DAY

GSK Pharma Q1: Net profit rose 35% at Rs 113.5 crore versus Rs 84.1 crore, revenue up 7.1% at Rs 788 crore against Rs 735.7 crore. EBITDA up 21.9% at Rs 165.3 crore and margin was at 21%, YoY.

Benchmark indices are recovered from the day's low with Nifty hovering around 11350 level.

The crucial resistance for Nifty spot is now seen at 11480 and above this 11600 Support for the immediate term is now placed at 11200 next support will be 11060.

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HDFC Bank could report more than 20% growth in Q1 profit, NII

HDFC Bank, which has the highest weightage in the Nifty50, is expected to report more than 20 percent growth in profit, net interest income (NII) and pre-provision operating profit on July 20.

Loan growth could also be healthy, driven by corporate advances who may provide strong support after the NBFC slowdown. However, there may be a slight slow-down of growth on the retail book.

HDFC Bank fell 1.16 percent ahead of June quarter earnings, but in last nine months, it gained 21 percent, giving major support to benchmark indices.

"NII is expected to grow by 25 percent YoY driven by stable NIM and healthy loan book growth. The NIM is expected to be stable even with rising cost of fund on account of increase in unsecured high yielding portfolio," said Narnolia which expects profit growth at 24 percent and pre-provision operating profit at 25 percent YoY for the quarter.

The brokerage expects income growth from fees to remain moderate, given that it is impacted by regulatory changes in mutual fund distribution fee income.

However, the bank's management had earlier said it expects the growth of 15-16 percent in fee income at some point of time going ahead.

According to ICICI Direct, profit growth is likely to be around 23.4 percent, NII at 22.4 percent and pre-provision operating profit 25.8 percent in Q1 compared to year-ago.

"Advances run rate is expected to slow down at around 17 percent YoY. The retail segment, which has been the growth engine in recent quarters, is seen remaining behind led by a cautious approach in unsecured lending products and a slowdown in auto sales. Corporate segment growth may remain healthy as the bank continues to remain a beneficiary of NBFC slowdown, as seen last quarter," ICICI Direct said, adding that asset quality is expected to remain steady.

Motital Oswal also said asset quality is expected to remain stable, with gross non-performing assets at around 1.3 percent for Q1 FY20.

Key issues to watch for would be the outlook on SME and retail book as management indicated some stress in same, and trends in digital banking/payments and various initiatives.

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Closing Bell: Sensex gains 234 pts, Nifty ends above 11,650; Yes Bank, Tata Motors rally.

Benchmark indices closed strong with the Sensex rising 234.33 points to 39,131.04 and the Nifty50 climbing 72.70 points to 11,661.05 as all sectoral indices were higher except IT which lost over half a percent.

The market breadth was negative as about 1,285 shares declined against 1,149 advancing shares on the BSE.

The Nifty Midcap index gained 0.7 percent while the Nifty Smallcap index ended flat.

The Nifty Bank, Auto, FMCG and Metal indices climbed 0.4-1 percent while Pharma rallied 1.5 percent and Realty surged 2 percent.

HEADLINES OF THE DAY

Piramal Enterprises made interest payment on non-convertible debentures due today.

HDFC AMC's Q1 profit grew by 42.2 percent year-on-year to Rs 292 crore and revenue increased 7 percent to Rs 504.4 crore YoY.

Yes Bank Gets Back Above Rs 100 per share after seven trading sessions.

The crucial resistance for Nifty spot is now seen at 11520 and above this 11360 Support for the immediate term is now placed at 11800 next support will be 11960.

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Last hour buying pushes Sensex in positive territory; Nifty above 10,900.

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Last hour buying pushes Sensex in positive territory; Nifty above 10,900.

Sharp buying in last hour helped equity benchmarks end the session with gains of 0.20 percent. The Nifty ended above 10,900.

Barring IT segment, all sectoral indices ended in the green. Major gainers included automobiles, banks, energy, metals and pharma, among others.

At the close of market hours, the Sensex was up 77.01 points or 0.21% at 36347.08, and the Nifty up 20.30 points or 0.19% at 10908.70. The market breadth was positive as 1416 shares advanced, against a decline of 1117 shares, while 160 shares were unchanged.

Sun Pharma, Vedanta, and Bajaj Finance gained the most, while Infosys, Wipro, ZEE and UPL were the top losers.

HEADLINES OF THE DAY

The chief of India's capital market regulator on Tuesday expressed concerns about the slow pace of initial public offerings (IPOs) hitting the market despite approval for filings worth around 600 billion rupees ($8.43 billion).

Equity benchmarks recovered sharply in the last hour, with the Nifty hitting 10,900-mark.

Skipper has secured new orders of over Rs 150 crore for 2500 numbers of Telecom Towers from various telecom operators.

Mindtree has been awarded the, Digital Testing Services Framework II contract and will continue as the BBCas lead application testing partner for a range of its digital products.

The crucial resistance for Nifty spot is now seen at 11100 and above this 11350 Support for the immediate term is now placed at 10790 next support will be 10600.

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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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Market Wrap Up

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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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Financials help Nifty reclaim 10,400, Sensex soars over 350 points; midcaps outperform

Capitalstars Financial Research Pvt. Ltd.

Indian Indices:
Shares have continued to trade higher as the Sensex is up 285.45 points or 0.83% at 34584.92, while the Nifty is higher by 96.10 points or 0.93% at 10397.10. The market breadth is positive as 1,591 shares advanced, against a decline of 451 shares, while 1,332 shares were unchanged.

Global Market:

• Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.26% while the Hang Seng is down 0.31%. The Shanghai Composite is not trading.

• US Markets: Dow rises for first time in 3 days, but gains capped amid fear of higher rates.

• European markets: European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.35% while Germany's DAX is up 0.25% and London's FTSE 100 is up 0.06%.

Major Headlines of the day:

• Nifty likely to open higher.

Trend in FII flows:- The FIIs were Net Value of Rs -1242.46 segment while the DIIs were Net Value of 1526 per the provisional figures.

Securities in Ban For Trade Date 10-OCTOBER-2018
1.Idbi

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Sensex, Nifty extend gains; Energy stocks up 3%, midcap underperform

Capitalstars Financial Research pvt. ltd.

Indian Indices:
                         Benchmark indices are trading higher in the late afternoon trade with Nifty above 10,350 level.The Sensex is up 183.63 points at 34,560.62, while Nifty is up 61 points at 10, 377.50. About 974 shares have advanced, 1243 shares declined, and 1071 shares are unchanged. Energy, banks, auto and pharma space were up 1-3 percent, while midcap, smallcap stocks are underperforming the major indices.

Global Market:

•    Asian markets: Shares in Hong Kong are lower today as the Hang Seng falls 0.80%. The stock markets in Tokyo and Shanghai are closed at this time.

•    US Markets: S&P 500 posts worst week in nearly a month as rates pop.

•    European markets: European markets finished broadly lower on Friday with shares in London leading the region. The FTSE 100 is down 1.35% while Germany's DAX is off 1.08% and France's CAC 40 is lower by 0.95%.

Major Headlines of the day:

•        Asian shares fall as China set to reopen after Beijing eases policy
•        Volatility at 20% is likely to weigh on markets; see resistance at 10,500 on Nifty

Trend in FII flows:- The FIIs were Net Value of Rs -3370.14cash segment while the DIIs were Net Value of 1902.07 per the provisional figures.

Securities in Ban For Trade Date 08-OCTOBER-2018
NIL

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Nifty IT underperforms dragged by Infosys, TCS; HDFC Bank; Dr Reddy's Labs most active

The broader indices are trading on a negative note this Thursday morning with the Nifty shedding 52 points at 10,804 and the Sensex is down 162 points at 35,576.

Nifty IT was trading in the red, dragged by Tata Consultancy Services, Infosys, Tech Mahindra and Mindtree.

Capitalstars financia research pvt ltd.

The most actively traded stocks on the NSE were HDFC Bank, TCS, Tata Steel, PC jeweller and Dr Reddy's Labs.Some of the top gainers on BSE were JP Associates, MMTC, PC Jeweller, NALCO and Sintex Industries.

Bandhan Bank, GSK Pharma, MM Forgings and NALCO were the few stocks that hit fresh 52-week highs in the morning trade.

The benchmark Sensex rose over 84 points while the Nifty reclaimed the 10,800-mark as investors looked forward to release of key macroeconomic data due today amid a firming trend in Asia.

The 30-share BSE Sensex went up 84.35 points, or 0.23 %, to 35,567.82. The gauge had gained 39.80 points in the previous session.

Optimistic buying in blue-chip stocks ahead of IIP data for April and CPI inflation for May, to be released after market closing today, lifted stocks higher.

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Sensex falls over 100 pts, Midcap index extends losses; Nifty entering consolidation phase

The Benchmark indices declined for a fourth straight session on Friday, amid developments in the US-China trade negotiations and firm crude prices. The Sensex ended at 34,848, down 301 points. The broader Nifty index settled at 10,605, down 78 points. Among sectoral indices, the Nifty Bank index fell as much as 0.6 percent, extending its drop into the third session. Nifty50 is expected to open flat-to-positive on Monday following muted trend seen in other Asian markets. The index closed 86 points lower at 10,596 on Friday. The Nifty futures on Singaporean Stock exchange, SGX, were trading absolutely flat with a positive bias, indicating a similar opening on the market in India. The SGX Nifty was trading around 10,624-mark, up just 10 points.

NCLAT on Tata Steel-Bhushan Steel: The National Company Law Appellate Tribunal (NCLAT) today declined to stay Tata Steel's acquisition of debt-laden Bhushan Steel under the corporate insolvency resolution process.

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Crude Update: Oil prices rose, lifted by news that China and the United States had put a looming trade war between the world's two biggest economies "on hold".

Brent crude futures were at $79.17 per barrel, up 0.84 percent, from their last close. Brent broke through $80 for the first time since November 2014 last week.

Market Update: The market continued to trade lower for fourth consecutive session amid higher crude oil prices and weaker rupee, dragged by HDFC twins, auto, metals stocks and Reliance Industries.

The Sensex is falling more than 100 points while the Nifty Midcap is down more than 1.5 percent.

Global Market:

• Asian markets- Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.49% while the Hang Seng is up 1.19%. The Shanghai Composite is not trading.

• US Markets: The Dow Jones Industrial Average was essentially flat, ending the session at 24,715.09, the S&P 500 lost 7.16 points, or 0.26 percent, to 2,712.97 and the Nasdaq Composite dropped 28.13 points, or 0.38 percent, to 7,354.34.

• European markets- European markets finished lower on Friday with shares in Germany leading the region. The DAX is down 0.28% while France's CAC 40 is off 0.13% and London's FTSE 100 is lower by 0.12%.

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CAPITALSTARS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 10 MAY 2018

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES2: 10875

RES 1:10810

SUP1:10750

SUP2:10700

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES 2: 26350

RES 1: 26250

SUP1: 26050

SUP2: 25950

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MCX MARKET NEWS UPDATE

Gold slipped as the dollar regained ground after briefly dipping earlier following U.S. President Donald Trump's decision to pull out of the Iran nuclear deal -

Gold on MCX settled down -0.15% at 31210 as the dollar regained ground after briefly dipping earlier following U.S. President Donald Trump's decision to pull out of the Iran nuclear deal. Trump on Tuesday pulled the United States out of an international nuclear deal with Iran, raising the risk of conflict in the Middle East, upsetting European allies and casting uncertainty over global oil supplies. Trump and Chinese President Xi Jinping discussed ongoing trade issues on Tuesday, as both sides continue to position themselves amid a heated feud over tariffs between the world's two largest economies.

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Copper prices fell as the effect of a strengthening dollar overshadowed positive trade data from China -

Copper on MCX settled down -0.62% at 456.30 as the effect of a strengthening dollar overshadowed positive trade data from China, the world’s largest consumer and producer of industrial metals. Earlier in the session support seen as Chinese imports and exports grew more strongly than expected in April and copper imports rose 2.8 percent from the previous month, implying healthy demand and pushing prices higher in early trading. But interest was curbed by the dollar, which reached a new 2018 high against a basket of major currencies.

Zinc dropped as prices seen under long liquidation as the effect of a strengthening dollar -

Zinc on MCX settled down -0.55% at 206.80 as rupee gained on domestic side while LME Zinc ended 0.2 percent higher at $3,060 a tonne, up from a nine-month low last week. Yesterday prices dropped as the effect of a strengthening dollar overshadowed positive trade data from China, the world’s largest consumer and producer of industrial metals. Chinese imports and exports grew more strongly than expected in April implying healthy demand and pushing prices higher in early trading. But interest was curbed by the dollar, which reached a new 2018 high against a basket of major currencies, making dollar-denominated industrial metals more expensive for users of other currencies.

Oil prices jump after U.S. walks away from Iran nuclear deal -

Oil prices rose more than 2 percent on Wednesday, with Brent hitting a 3-1/2-year high, after U.S. President Donald Trump abandoned a nuclear deal with Iran, likely curbing the OPEC member's crude exports in an already tight market. Trump on Tuesday pulled the United States out of an international nuclear deal with Iran that was agreed in late 2015, raising the risk of conflict in the Middle East and casting uncertainty over global oil supplies. In China, the biggest single buyer of Iranian oil, Shanghai crude futures hit their highest in dollar terms since they were launched in late May, at around $73.25 per barrel. "The big event of the night was President Trump's cancelling of the nuclear deal made with Iran back in 2015.

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