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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Bulls in control on D-Street! Sensex, Nifty trade strong; pharma,

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Indian Indices:
                                         Equity benchmarks have continued to maintain upward momentum, with the Nifty trading well above 11,400, while the Sensex is higher by around 200 points. A stronger rupee and a likely profit booking sentiment is weighing on tech stocks, with the Nifty IT index falling almost a percent.

However, other major sectors are trading in the green, with maximum gains seen in banks, metals, pharmaceuticals, as well as auto names. Midcaps, too, are trading strong and pushing indices higher. The Nifty Midcap index is up over a percent. 

At 09:45 hrs IST, the Sensex is up 194.94 points or 0.52% at 37912.90, and the Nifty up 70.00 points or 0.62% at 11439.90. The market breadth is positive as 1,344 shares advanced, against a decline of 375 shares, while 90 shares were unchanged.

Power Grid, Yes Bank, Indiabulls Housing and HPCL are the top gainers, while Wipro, Infosys, Tech Mahindra and HCL Technologies are the top losers.

Global Market:

•    Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.97% while the Hang Seng is up 0.68%. The Shanghai Composite is not trading.

•    US Markets: Dow jumps more than 100 points as apple rises.

•    European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.19%, while the FTSE 100 led the CAC 40 lower. They fell 0.43% and 0.08% respectively.

Major Headlines of the day:

•       Sun Pharma gets USFDA nod for specialty eye drug Xelpros
•       Nifty likely to open higher.

Trend in FII flows:-  The FIIs were Net Value of Rs -1086.39 cash segment while the DIIs were Net Value of  541.44 per the provisional figures.

Securities in Ban For Trade Date 14-SEPTEMBER-2018
1.Adanient

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Sensex up over 150 pts, Nifty holds 10,800;; Asia rallies on Wall Street gains

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Indian Indices:   
                                             Trends on SGX Nifty indicate a positive opening for the broader index in India. Asian stocks traded strong with Japan's Nikkei, China's Shanghai Composite and Hong Kong's Hang Seng rising more than 1 percent.

Global Market:

• Asian markets- Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 1.26%  while the Hang Seng is up 1.50%. The Shanghai Composite is not trading.

• US Markets: the S&P/ASX 200 added 0.24 percent amid gains in banks and resources plays. Mining major BHP was up 1.87 percent, with banks also trading higher in the morning.

• European markets: European markets finished higher on Friday with shares in Germany leading the region. The DAX is up  0.26% while London's FTSE 100 is up 0.19% and France's CAC 40 is up 0.18%.

Major Headlines of the day:

•   Indian rupee gains 30 paise Vs dollar in early trade at 68.57

• Asia shares edge higher, sterling slugged by UK politics

• Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 66.5 points or 0.62 percent.

Nifty futures were trading around 10,832.5-level on the Singaporean Exchange.

Trend in FII flows:-  The FIIs were Net Value of Rs  -968.18 in the cash segment while the DIIs were Net Value of Rs - 1480.82 as per the provisional figures.

Securities in Ban For Trade Date 9-JULY-2018

1.IDBI

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Market Hints to Positivety

Market Indices Looks Positive

Indian Indices:  

Indian markets are expected to trade with a positive bias continuing the positive momentum of the last few trading sessions. Indian markets are expected to trade with a positive bias continuing the positive momentum of the last few trading sessions on account of declining bond yields and expectation of positive Q4 results.

Global Market:

•       Major Asian markets are trading marginally higher, Nikkei is up 0.19%, Hang Seng is up 0.24% while Shanghai Composite is trading 0.45% higher.

• US Markets: Stocks failed to sustain the early gains after opening noticeable higher.

• European markets ended in the green yesterday with the FTSE closing 0.15% lower, CAC ended up  0.10% while the DAX ended 0.17% higher. However, on closing, European stocks closed in green but trimmed earlier gains of as much as 0.6%, as a stronger euro weighed on exporters.

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Major Headlines of the day:

• Wipro: Telecom client in India filed petition to initiate CIRP with NCLT. Company likely to see negative impact of 65-75 bps on net income level.

• HealthCare Global Enterprises approved the allotment of 9,34,500 equity shares at Rs 321 per share on Preferential basis to promoter of the company

• ICICI Bank: Fitch has said that allegations pose reputational risks and will take appropriate action if risks to reputation and financial profile rise

• IDFC Bank: The lender has cut MCLR across all tenors by 5bps effective April 8

• Super Crop Safe board meeting on April 17 to consider issue of equity shares and convertible warrants on preferential allotment basis.

Trend in FII flows:   

The FIIs were Net Value of Rs -1300.93  the cash segment Monday while the DIIs were Net Value of Rs  359.35 as per the provisional figures.

Securities in Ban For Trade Date 10-APR-2018:

1. Jet airways

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Predicted Valuable Stocks of April

Predicted Valuable Stocks of April

The first half of the April series can see a pullback short covering rally, therefore strategy should be to buy the dip for a pullback rally in the first half of the April series.

The Nifty has bounced back after taking support at the 38.2 percent Fibonacci retracement level placed at 9930 and RSI has formed a positive divergence which suggests more short covering rallies in the first half of the April series following which Index can enter into a narrow consolidation range or resume corrections.

Capitalstars financial research pvt ltd

The first half of the April series can see a pullback short covering rally, therefore strategy should be to buy the dip for a pullback rally in the first half of the April series.However, a correction cannot be ruled out at a later stage as the overall trend remains weak at the moment.

The Nifty50 Index is trading below its 200-DEMA and 200-DMA for the first time from January 2017 onwards as it lost 3.61 percent in the month of March following a cut of 5 percent in the month of January.

Moreover, whenever the index breaks its 200-DEMA and 200-DMA following a prolonged trade above the averages, it tends to flirt around these averages before witnessing the next leg of correction.

However when you day trade, the luxury of time is taken away from you. Each day the scores are settled, forcing you to be fair and square for the day. This makes day trading a very tough profession, with a need to be highly consistent and disciplined.

Needless to say if done right, day trading can be highly rewarding. If you are getting started on day trading, there are a few aspects that you need to bear in mind.

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Market opens lower; Sensex down by 137 pts;

Market opens lower; Sensex down by 137 pts;

Indian Indices:

Benchmark indices end lower, midcaps outperform. The market failed to hold on to any recovery on Thursday as benchmark indices extended selling pressure in late trade and fell half a percent each despite recovery in Asian peers and positive trade in Europe.   

SGX Nifty is trading at 10323 down by 40 Points. The Dow Jones industrial average rose on Thursday, but the S&P 500 and Nasdaq composite closed lower as investors assessed the possibility of a trade war. Asian markets were on firm footing on the last day of the trading week as investors digested overnight developments related to global trade and an ongoing Russia investigation. The dollar firmed and stock indexes stateside closed mixed in the last session.

Capitalstars financial research pvt. ltd.

Global Market:

·       Asian markets are trading in the flat at present. Nikkei is currently down 0.25%, Hang Seng is trading 0.25% lower, while Shanghai Composite is trading up 0.28%.

·       US Markets: Stocks witnessed a volatile trading session and ended on a mixed note. Dow climbed 0.5% to 24,873.6, the Nasdaq dipped 0.2% to 7,418.7, while the S&P 500 edged 0.1% lower closing at 2,747.3.

·       European markets closed in the green yesterday with the FTSE closing 0.10% higher, CAC ended 0.64% higher, while DAX ended up 0.84%.

Major Headlines of the day:

·       JSW Steel, a part of the O.P. Jindal Group, on Wednesday said that its monthly crude steel production grew 5 per cent year­on­year 

to 1.33 billion tonnes in February 2018. “The company’s crude steel production stood at 1.26 billion tonnes in February 2017,” 

JSW Steel said in a filing to the Bombay Stock Exchange 540025 218.2

·       Ujjivan Small Finance Bank has launched 39 Unbanked Rural Centres (URCs) in the eastern states of West Bengal, Assam, Bihar, 

Jharkhand, Tripura and Orissa.

·       Corporate India announced merger and acquisition (M&A) deals worth USD 1,893 million in February this year, registering a 40 per cent increase in value terms 

over the year ago period driven by big ticket transactions.

Trend in FII flows:  The FIIs were Net Value of Rs -705.40 the cash segment Thursday  while the DIIs were Net Value of Rs 256.45 as per the provisional figures.

Securities in Ban For Trade Date 16-MAR-2018:

1.BALRAMCHIN

2.BANKINDIA

3.BEML

4.DHFL

5.TV18BRDCST

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Sensex surges over 300 pts, Nifty ends 9 pts short of 10,500

Sensex surges over 300 pts, Nifty ends 9 pts short of 10,500
India’s stock market closed on a positive note on Friday with Sensex surging over 300 points and Nifty ending just 9 points short of 10,500-mark led by a value-buying in shares of HDFC Bank, RIL, Tata Steel, Sun Pharma, ICICI Bank, ITC, SBI, L&T, TCS, Axis Bank, Yes Bank, HDFC, Kotak Mahindra Bank, Airtel and ONGC. The S&P BSE Sensex amassed 348.1 points to hit a day’s high of 34,167.6 before settling up 322.65 points at 34,142.15 and broader Nifty 50 advanced 116.4 points to hit day’s high of 10,499.1 before ending 108.35 points higher at 10,491.05. Indian equities inched higher on Friday after the five-day long subdued activity under subsumed volatility as volatility indicator — India Vix — declined 4.24% to finish at 14.2025.




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A market-wide buying was seen in the Indian stock markets today as all the sectoral and broader market indices ended in green with Nifty Midcap 50, Nifty Metal and Nifty Pharma rising 2-4% while Nifty 100, Nifty 200, Nifty 500, Nifty Mid100 Free, Nifty Small100 Free, Nifty Bank, Nifty Financial Services, Nifty IT, Nifty PSU Bank, Nifty Private Bank also advanced up to 2%. Among the ‘A’ group shares of BSE, stocks of JP Associates, Fortis Healthcare, Mindtree, Kaveri Seed Company and Radico Khaitan gained 7-18% while the shares of Jubilant Lifesciences, Vakrangee, Siemens and IIFL plunged 2-11% today.
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Market seen consolidation; FII sells Rs 5781.98 cr. equity:-

Equity benchmarks have been oscillating within last two weeks’ broad range of 10600-10300, indicating consolidation after the recent sharp decline of 8%.

Capitalstars financial research

Going forward, we expect the market to consolidate and form a good base in the range of 10300–10600. However, we believe this consolidation will make markets healthier and offer an incremental buying opportunity, said Dharmesh Shah of ICICIDirect.com Research.

Indian indices seen a consolidation for the week ended February 23 amid no major cues from domestic as well as international markets.

The index rebounded from the oversold territory and is under the process of forming base near the lower band of broader consolidation range around 10300.

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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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