TOP CORPORATE NEWS-30 OCTOBER 2014

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Banks, auto stocks top contributors in Sensex rally
Shares of banking and automobiles, along with Infosys and Cipla have helped the benchmark index, the S&P BSE Sensex, scale new high on Thursday.

Insecticides (India) soars on 1:2 bonus issue
Insecticides (India) has soared 12% to Rs 867 on BSE after the board recommends the issue of bonus shares in the proportion of 1 bonus equity share for every 2 equity shares each held.

Godrej Properties, Brigade, Mahindra Lifespace to gain from FDI in construction
Realty stocks gained ground on Thursday, a day after the government relaxed norms for foreign direct investment (FDI) in the construction sector that are expected to boost affordable housing and smart cities across the country.

Maruti Suzuki hits new high as Q2 profit beats estimates
Maruti Suzuki India has gained 2% to Rs 3,262, also its record high on NSE, after reporting better-than-expected 28.8% year on year jump in net profit at Rs 863 crore for the second quarter ended September 2014 (Q2), on back of strong operational performance. The company had profit of Rs 670 crore in previous year quarter.

Astra Microwave surges as Q2 profit doubles
Astra Microwave Products has surged 8% to Rs 129 on BSE after reporting a more-than-double net profit at Rs 23.40 crore for the quarter ended September 2014 (Q2), on back of strong operational income. The company engaged in defence business had profit of Rs 11.60 crore in the same quarter last fiscal.

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CS Call: Buy ACC Futures above 970 Target 1- 980, Target 2- 992, Target 3- 1007 Stoploss 962

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CS Update: ACC Futures our 1st Ttarget 980 Achieved Book Partial Profit.

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CS POSITIONAL CALL: BUY JSW STEEL ABOVE 870 TG 890,1010,1050 SL 855

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DAILY COMMODITY MARKET STRATEGY-30 OCTOBER 2014

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BASE METAL WRAP: Investors are pulling out of industrial-metals funds at the fastest pace in 15 months, signaling increased concern that a faltering global economy will slow demand for everything from cars to appliances.

ENERGY WRAP: West Texas Intermediate retreated from a one-week high after government data showed crude stockpiles rose as output surged to a record high in the U.S., the world’s biggest oil consumer. Brent slid in London.

PRECIOUS METAL WRAP: Gold traded near a three-week low as the dollar strengthened after the Federal Reserve ended its asset-purchase program. Holdings in the largest exchange-traded product extended declines to the lowest in six years.

GLOBAL EVENTS TO WATCH:
Official Cash Rate, RBNZ Rate Statement, BOC Gov Poloz Speaks, German Prelim CPI m/m, Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, Fed Chair Yellen Speaks, Natural Gas Storage.

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BULLION COMMODITY
AGRI COMMODITY
CS COPPER (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:415
SUP2:411
RESIST1:424
RESIST2:430
TRADING STRATEGY: SELL ON RISE
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CS CHANA (NOVEMBER) OVERVIEW:
TREND BULLISH
SUP1:2970
SUP2:2895
RESIST1:3080
RESIST2:3142
TRADING STRATEGY: BUY ON DIPS
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CS CRUDE (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5028
SUP2:4950
RESIST1:5118
RESIST2:5202
TRADING STRATEGY: BUY ON DIPS
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CS JEERA (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:11215
SUP2:11040
RESIST1:11550
RESIST2:11720
TRADING STRATEGY: SELL ON RISE
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CS GOLD (DECEMBER) OVERVIEW:
TREND BEARISH
SUP1:26700
SUP2:26300
RESIST1:27090
RESIST2:27270
TRADING STRATEGY: SELL ON RISE
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CS TURMERIC (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:6064
SUP2:5950
RESIST1:6280
RESIST2:6330
TRADING STRATEGY: SELL ON RISE
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CS SILVER (DECEMBER) OVERVIEW:
TREND BEARISH
SUP1:37000
SUP2:35580
RESIST1:37950
RESIST2:38500
TRADING STRATEGY: SELL ON RISE
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CS SOYABEAN (NOVEMBER) OVERVIEW:
TREND BULLISH
SUP1:3187
SUP2:3154
RESIST1:3335
RESIST2:3400
TRADING STRATEGY: BUY ON DIPS
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Nifty hits 8100 on F&O expiry day; realty stocks in focus

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The Nifty has hit 8100 on October F&O expiry day. The 50-share index is up 10.45 points at 8100.90. The Sensex is up 40.25 points at 27138.42.

Dr Reddy's Labs, Infosys, GAIL, HDFC and Wipro are top gainers in the Sensex. Among the losers are BHEL, Tata Motors, Sesa Sterlite, Hindalco and NTPC.Realty stocks are in focus with Sobha Developer, Prestige Estate and DLF as big gainers.

The Indian rupee slipped in early trade. It has opened lower by 16 paise at 61.51 per dollar against previous day close of 61.35.

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TOP CORPORATE NEWS-29 OCT 2014

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Metal shares rally; Hindalco up 6%, Tata Steel up 4%
Metal shares rallied on the back of institutional buying coupled with short covering ahead of October F&O expiry.

CBI to investigate four Sebi officials in Saradha scam
The Central Bureau of Investigation (CBI) has started an investigation against four officials of market regulator Securities and Exchange Board of India (Sebi), in the over Rs 10,000 crore Saradha chit fund scam.

Oriental Bank of Commerce dips after increase in NPAs
Shares of Oriental Bank of Commerce were down nearly 4% at Rs 268 after the state-owned bank registered an increase in non-performing assets during the second quarter ended September 30, 2014.

Eveready Industries hits eight year high on promoters' buying
Eveready Industries has surged 6% to Rs 125, extending its 19% rally in past seven trading sessions, after the company said its promoters increased their stake in the company through open market.

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DAILY COMMODITY MARKET STRATEGY-29 OCTOBER 2014

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BASE METAL WRAP: Nickel advanced for a second day, heading for the biggest two-day advance in five months, on speculation that lower prices will boost consumer buying and reduce production of a lower-grade alternative.

ENERGY WRAP: West Texas Intermediate crude rose for a second day as supply and economic data prompted speculation that fuel demand will increase in the U.S., the world’s biggest oil consumer. Brent gained in London.

PRECIOUS METAL WRAP: Gold held above a two-week low as investors assessed the health of the U.S. economy before the Federal Reserve concludes a policy meeting. Russia joined Turkey in adding bullion to reserves as assets in the largest exchange-traded product sank to the lowest in six years.

GLOBAL EVENTS TO WATCH: Crude Oil Inventories, FOMC Statement, Federal Funds Rate.

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AGRI COMMODITY
BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW:
TREND BULLISH
SUP1:2970
SUP2:2895
RESIST1:2916
RESIST2:3080
TRADING STRATEGY: BUY ON DIPS
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CS COPPER (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:415
SUP2:411
RESIST1:424
RESIST2:430
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS JEERA (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:11215
SUP2:11040
RESIST1:11550
RESIST2:11720
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS CRUDE (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:4950
SUP2:4900
RESIST1:5118
RESIST2:5202
TRADING STRATEGY: BUY ON DIPS
WWW.CAPITALSTARS.COM +917316790000
CS TURMERIC (NOVEMBER) OVERVIEW:
TREND BEARISH
SUP1:5950
SUP2:5850
RESIST1:6160
RESIST2:6280
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS GOLD (DECEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:27090
SUP2:26840
RESIST1:27270
RESIST2:27640
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS SOYABEAN (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3154
SUP2:3090
RESIST1:3265
RESIST2:3335
TRADING STRATEGY: BUY ON DIPS
WWW.CAPITALSTARS.COM +917316790000
CS SILVER (DECEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:37800
SUP2:37000
RESIST1:38470
RESIST2:39200
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
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Sensex hits 27000, Nifty firm; Hero up 2%, HUL recovers

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The market has once again opened higher. The Nifty is inching closer to 8100, up 49.45 points at 8077.05. The Sensex is up 172.73 points at 27053.55.

Hero, Tata Motors, HUL, M&M and ONGC are top gainers in the Sensex. Among the losers are Dr Reddy's Labs and TCS.

The Indian rupee opened marginally higher at 61.25
per dollar against 61.32 Tuesday.

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  • CS HNI STOCK CASH CALL: BUY ARVIND LTD ABOVE 290 TG 298 SL 286

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TOP CORPORATE NEWS-28th OCTOBER 2014

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ABB India dips post September quarter results
ABB India has dipped 6% to Rs 1,085 on BSE after reporting a lower-than-expected net profit of Rs 45 crore for the quarter ended September 2014. The company had registered a profit of Rs 36 crore in a year ago quarter.

Ranbaxy rallies 6% as Q2 profit beats estimates
Ranbaxy Laboratories has moved higher by 6% to Rs 634 on BSE after reporting better-than-expected consolidated net profit of Rs 478 crore for the quarter ended September 2014 (Q2), on back of strong operational performance. The drug maker had a loss of Rs 454 crore in a year ago quarter.

R S Software surges on stock split plan
R S Software has surged 9% to Rs 693, bouncing back nearly 15% from intra-day low on NSE, after the company said it board will consider sub-division of equity shares of the company of face value of Rs 10 each into a lower denomination.

Amara Raja Batteries hits record high
Amara Raja Batteries has surged over 8% to Rs 680, also its record high, in otherwise subdued market in noon deal trade on National Stock Exchange (NSE).

Styrosolution ABS gains on Reliance Mutual Fund stake buy
Shares of Styrosolution ABS were up 4% at Rs 613 after Reliance Mutual Fund acquired over 100,000 shares of the company from the open market.

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