Markets indicating a gap down opening;

Markets indicating a gap down opening;

Indian Indices:
                             
SGX Nifty is currently trading in the red down 56 points. Indian markets could witness bit of consolidation after having rallied for the past four weeks. SGX Nifty is currently trading in the red, down 56 points. Indian markets could witness bit of consolidation after having rallied for the past four weeks. Today's action is expected to be more stock specific with Q4 results currently underway.

Capitalstars financial research pvt. ltd.

Global Market:

• Asian stocks were narrowly mixed on Monday, with Japan and South Korea getting off to a muted start after US markets posted Friday losses amid declines in technology stocks.

• US Markets: Stocks witnessed a correction in Friday’s session. The Dow dropped 0.8% to 24,462.94, the Nasdaq corrected 1.3% to 7,146.13 and the S&P 500 slumped 0.9% to 2,670.14.The weakness on Wall Street was mainly due to the steep correction seen in shares of Apple, with the tech giant dipping 4.1%.

• European Ended on a mixed note on Friday with the FTSE closing 0.53% higher, CAC ended up 0.39%, while the DAX ended 0.21% lower.
Major Headlines of the day:

• TCS bets on Business 4.0 to push digital revenue to over $5 billion this year

• Economic recovery on firm footing: RBI governor Urjit Patel

• True North in talks to buy 26% stake in Federal Bank’s NBFC

• Idea Cellular’s proposal for 100% FDI under consideration of DIPP

• L&T sells Bengaluru land parcel to Phoenix-CPPIB platform for Rs650 crore


Trend in FII flows:
                                      The FIIs were Net Value of Rs -21.02 the cash segment Fruday while the DIIs were Net Value of Rs 111.01 as per the provisional figures.

TODAY ON EARNING FRONT:- Bharat Financial, Delta Corp, Bharti Infratel and LIC Housing Finance.

Securities in Ban For Trade Date 23-APR-2018:

1.BALRAMCHIN
2.DHFL
3.JETAIRWAYS
4.JPASSOCIAT
5.RCOM
6.TV18BRDCST

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Top 10 stocks from BSE 100 index with highest buy rating

Consensus might not be able to spot a multibagger but they could spot safe investments. Not all stocks which carry a maximum buy rating have managed to beat the benchmark index by a wide margin, according to a study conducted by Motilal Oswal.

The constituents of the BSE 100 index can be referred to as quality names. Stocks with the highest buy rating in the index include MRF, Vedanta, Mahindra & Mahindra (M&M), ICICI Bank, Aurobindo Pharma, HDFC Bank, Crompton Greaves, Federal Bank, UPL and Tata Chemicals.

Among these companies, MRF has been trending higher since its Q3 FY18 earnings, aided by strong revenue growth and stable rubber prices.

M&M is the best play on a rural recovery, as the recovery in the hinterland improves visibility of volumes in the tractor and utility vehicle businesses. “The tractor business is launching its third brand – Trakstar – which will focus on undercutting lower-priced competitors by 5-10 percent. The intent is to gain 3-5 percent market share,” the report stated.

HDFC Bank has consistently grown its loans and deposits market share across credit cycles. It has also emerged as the best-managed bank in India with robust profitability and growth metrics. The brokerage said increasing granularity of HDFC Bank’s balance sheet, focus on fee income growth, improvement in operating leverage aided by digital initiatives and controlled credit costs backed by strong underwriting has enabled it to outperform most peers.

Aurobindo Pharma, which has delivered negative returns so far in 2018 and the last one year, is a good buy on dips stock for Motilal Oswal. The pharma major has transformed from being a pure active pharmaceutical ingredient (API) player to a formulations manufacturing company.

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Indian equity market open on a negative note

Indian equity market open on a negative note 

Indian Indices: 
                           
Indian equity market is likely to open on a negative note today tracking weak cues from other Asian peers and bearish Nifty futures on the Singapore Stock Exchange. Moreover,hawkish tone by RBI policymakers, as indicated by the minutes of the recent policy review may weigh on investors’ sentiments. The minutes of the Monetary Policy Committee (MPC) released on Thursday indicated a rise in interest rates might just be round the corner in wake of rising inflation.

Weak SGX Nifty Index Futures for April delivery, which was trading at 10,537.00, down 51 points, or 0.48%, at 11:28 AM Singapore time, also signaled a negative opening for the domestic equity bourses.

Dalal Street investors will react to IMF chief Christine Lagarde comment who said she does not expect the pace of economic reforms in India to continue in an election year.

Capitalstars financial research pvt. ltd.

Global Market:

• Major Asian markets are trading mixed, Nikkei is up 0.03%, Hang Seng is down 0.04% while Shanghai Composite is trading 0.39% lower.

• US Markets: Stocks witnessed a correction in yesterday’s session. The Dow fell 0.3% to 24,664.89, the Nasdaq slipped 0.8% to 7,238.06 and the S&P 500 dropped 0.6% to 2,693.13.

• European markets ended on a mixed note yesterday with the FTSE closing 0.16% higher, CAC ended up 0.21% while the DAX ended 0.19% lower.
Major Headlines of the day:

• Thomas Cook: The company has purchased 4.4 percent in Travel Corporation of India.

• Indian Metals & Ferro Alloys: Company gets Rs 123 crore notices for excessive mining.

• ABG Shipyard: Liberty House UK moves NCLT to challenge resolution professional's decision

• TCS: Q4 profit up 5.7 percent QoQ at Rs 6,904 crore, EBIT margin at 25.4 percent; approves 1:1 bonus

• Cyient: Q4 net up 16.2 percent to Rs 121.5 crore

Trend in FII flows: The FIIs were Net Value of Rs -624.99 the cash segment Thursday while the DIIs were Net Value of Rs 448.61 as per the provisional figures.

TODAY ON EARNING FRONT:- IBULHSGFIN, SASKEN TECH, AMA,.BIOPAC

Securities in Ban For Trade Date 20-APR-2018:

1.BALRAMCHIN
2.IRB
3.JET AIRWAYS
4.JPASSOCIAT
5.RCOM
6.TV18BRDCST

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STOCK TO OUTLOOK FOR TODAY - 19 APR 2018

NSE benchmark Nifty made a positive start and later shifted into a range-bound action for the first half of trading session. However, in the second half of the session, the index took a volatile turn and snapped its 9-day winning streak. The price action formed a bear candle. Going ahead, the level of 10,480 would be seen as a crucial support and only a sustainable move below this level would lead to further correction up to the level of 10,410, whereas on the upside, immediate resistance is seen in the zone of 10,600-10,640. The 14-daily RSI stands at 61.72, and as long as it remains above the level of 60, it would be positive for the index. 

Lemon Tree Hotels: The Company's wholly owned subsidiary Carnation Hotels Private Limited has executed three Hotel Operating Agreements for operating and managing the three(3) properties each in Rishikesh, Neelkanth and Mussoorie.

Jain Irrigation: The Board of Directors approved to raise in the form of 7 years ECB INR Loan an amount upto Rs. 2,600 million from International Finance Corporation, (an arm of World Bank Group) Washington (“IFC”) on mutually agreed terms and conditions.

Infibeam Corporation: the Company has been awarded the contract for providing Online Marketplace for Skilling Resources from National Skill Development Corporation ("NSDC").

Dynamatic Technologies: The Company has signed a Memorandum of Understanding with Daher Aerospace, world renowned Aerospace company from France. The MOU facilitates exploring possibilities of partnering together to add potential value in the global aerospace realm through collaborated efforts.

NMDC: NMDC cut prices of lump ore and fines by Rs 100 each to Rs 2,900 per tonne and Rs 2,560 per tonne with effect from April 18.

Mercator: Mercator said that coal mining operations in Indonesia have since attained near optimum levels. Further, revenue from third party logistics operations and coal handing has also stabilized.

Sun Pharmaceuticals: Sun Pharmaceuticals unit hiked stake in Ranbaxy Malaysia by 4.93%.

Container Corporation: Container Corporation to consider stock split on April 30.

Magma Fincorp: Magma Fincorp raised Rs 500 crore at a price of Rs 155 per share through a QIP.

ABG Shipyard: ABG Shipyard IRP invited fresh bids for the company.

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Market Live: Nifty holds 10,550; FMCG index up 2%, Bharti Group stocks gain

Market Live: Nifty holds 10,550; FMCG index up 2%, Bharti Group stocks gain

We are looking at Sensex earnings. In Q4, earnings will grow in the range of 13-14 percent, which will be double digit growth after a long time. Partially, this will be due to low base of Q4 last year and the other due to better earnings of global commodity companies, be it energy or metals. That will aid overall growth.

Bharti Airtel gained nearly 2 percent and Bharti Infratel was up 0.6 percent.Sources told CNBC-TV18 that Bharti Infratel and Indus Towers merger is in final stages and the announcement is likely soon.

Capitalstars financial research pvt ltd

Bharti Airtel and Vodafone are likely to be joint promoters of the merged company while Idea Cellular is likely to exit by selling its 11.15 percent stake in Indus for over USD 1 billion.

Godrej Consumer has derisked its business model with 50 per cent of revenue coming from India and the rest from the international business. Godrej Consumer’s domestic business is expected to maintain its strong growth momentum in the coming quarters with expected recovery in rural demand and new product launches getting good response in near term. 

The recent announcements by the US and China to impose import tariffs against each other is more of a "phony" trade war at this point, the IMF said but cautioned that the world would be impacted if it turns into a cycle of widespread actions and counteractions.

ITC was the top gainer among Nifty50 stocks, rising 3 percent and helping FMCG index rise over 1.5 percent while Zee Entertainment was up over 2 percent, taking Media index higher by 1.5 percent.

The 30-share BSE Sensex was up 86.33 points at 34,481.39 and the 50-share NSE Nifty rose 21.90 points to 10,570.60.

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CAPITALSTARS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 17 APR 2018

CS NIFTY FUTURES (MAR ) OVERVIEW

TREND BEARISH

RES2: 10650

RES 1:10600

SUP1:10450

SUP2:10400

CS BANK NIFTY FUTURES (MAR ) OVERVIEW

TREND BEARISH

RES 2: 25550

RES 1: 25450

SUP1: 25250

SUP2: 25150

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The Indian equity benchmark indices are likely to witness a negative opening;

The Indian equity benchmark indices are likely to witness a negative opening;

Indian Indices: 

 The Indian equity benchmark indices are likely to witness a negative opening on the first trading day of the week on Monday tracking mixed cues from other Asian peers and negative trend in the SGX Nifty Index Futures.Negative trend in the SGX Nifty Index Futures for April delivery, which were trading at 10,434, down by 69 points or 0.66%, at 11:24 AM Singapore time, signalled a lower opening for the domestic equity bourses.

Equity benchmarks opened lower, with the Sensex falling below 34,000 levels following negative lead from SGX Nifty futures and global stocks. The 30-share BSE Sensex was down 229.59 points at 33,963.06 and the 50-share NSE Nifty fell 66.20 points to 10,414.40. Infosys was down 4 percent after lowering of full year EBIT margin guidance.

Capitalstars financial Research pvt ltd

Global Market:

• Major Asian markets are trading mixed, Nikkei is up 0.21%, Hang Seng is down 1.02% while Shanghai Composite is trading 0.56% lower.

• US Markets: Key indices ended the Friday’s trading session in the red. The Dow slid 0.5% percent to 24,360.14, the Nasdaq corrected 0.5% to 7,106.65 and the S&P 500 fell 7.69 points or 0.3% to 2,656.30.

• European markets ended in the green on Friday with the FTSE closing 0.09% higher, CAC ended up 0.11% while the DAX managed to end 0.22% higher.

Major Headlines of the day:

• Infosys FY19 outlook worries investors- Infosys Ltd on Friday posted lukewarm Q4 results, but the company’s decision to lower its operating margin band for 2018-19 disappointed investors .Meanwhile, the company said it will hold an analysts’ meet on 23 April where it is expected to unveil its new strategy.

• IndiGo may get Airbus A320neo planes by April end- Airbus will resume global deliveries of its A320neo planes to customers by the end of this month, reports The Economic Times. Indian airlines IndiGo and GoAir will likely to get deliveries by the last week of April or early May.

• CBI books ex-UCO Bank CMD in cheating case- The Central Bureau of Investigation (CBI) has booked former a chairman and managing director (CMD) of UCO Bank and others in connection with an alleged loan fraud which has caused a loss of over Rs737 crore to the bank.


• ICICI Lombard frontrunner for Star Health- ICICI Lombard General Insurance Co has emerged as the frontrunner to acquire Star Health and Allied Insurance Co from its founders and financial investors.

Trend in FII flows: The FIIs were Net Value of Rs -399.59 the cash segment Friday while the DIIs were Net Value of Rs  306.05 as per the provisional figures.

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

1.BALRAMCHIN
2.IRB
3.JPASSOCIAT
4.TV18BRDCST

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The Indian equity benchmark indices are likely to open higher;

The Indian equity benchmark indices are likely to open higher;

Indian Indices:

The Indian equity benchmark indices are likely to open higher today tracking positive cues from other Asian peers and rally on the Wall Street overnight. Further, positive trend in the SGX Nifty Index Futures for April delivery, which were trading at 10,472, up by 4 point or 0.04, at 11:26 AM Singapore time, signalled a flat to higher opening for the domestic equity bourses.

All sectoral indices are in the green, with the Nifty IT, Metal, Auto, Pharma, Bank and Realty gaining up to 0.7 percent. Benchmark indices extended previous day's gains, following positive lead from Wall Street and macro data, as investors await Infosys Q4 earnings due later in the day. China's trade surplus with the United States surged 19.4 percent on-year in the first quarter, data showed today, as trade tensions between the world's two largest economies simmer.

Capitalstars financial research pvt ltd

Global Market:

• Major Asian markets are trading with a positive bias at present, Nikkei is up 0.82%, Hang Seng is up 0.48%, while Shanghai Composite is trading 0.28% higher.

• US Markets: Stocks witnessed a positive rally offsetting the weakness seen in the previous session. The Dow rallied 1.2% to 24,483.05, the Nasdaq gained 1% to 7,140.25 and the S&P 500 climbed 0.8% to 2,663.99. The rally on Wall Street was witnessed after US President Donald Trump sought to downplay concerns about an attack on Syria. "Never said when an attack on Syria would take place. Could be very soon or not so soon at all!" Trump said in a post on Twitter.

• European markets also ended in the green yesterday with the FTSE closing 0.02% higher, CAC ended up 0.59%, while the DAX managed to end 0.96% higher.

Major Headlines of the day:

• State Bank of India: CBI Questions DGM Rank Officials From SBI branch In Frankfurt & Mauritius
• GAIL India: The firm will receive LNG cargo from Gazprom in May
• Adani Group: The company has entered into multiple tie-ups to further defence business, Hindu Business Line reported.
• IL&FS Transport: The firm is raising USD 1 billion infrastructure fund under its PE business, Mint reported.
• Hindustan Unilever: Company appoints Sanjiv Mehta as Chairman

Trend in FII flows: The FIIs were Net Value of Rs 368 the cash segment Thursday while the DIIs were Net Value of Rs  615 as per the provisional figures.

Securities in Ban For Trade Date 13-APR-2018:

1.BALRAMCHIN

2.IRB
3.JETAIRWAYS
4.JPASSOCIAT

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Sensex, Nifty flat in opening; oil retailers, banks decline; IT stocks gain

Sensex, Nifty flat in opening; oil retailers, banks decline; IT stocks gain

Indian Indices:   

The Indian equity benchmark indices are set to open on a flat note today amid mixed cues from other Asian peers and muted trend in Nifty futures on the Singapore stock exchange.The Asian markets have opened on a mixed note in early trade on Thursday as the threat of imminent US military action in Syria rattled investors, Muted trend in the SGX Nifty Index Futures for April delivery, which were trading at 10,426, up by 8 point or 0.08%, at 11:28 AM Singapore time, signalled a flat opening for the domestic equity bourses.

Technology stocks outperformed benchmark indices, taking advantage of falling rupee. The Nifty IT index jumped 1.6 percent.Benchmark indices opened flat amid weak global cues and spike in crude oil prices, as investors await corporate earnings and macro data.The 30-share BSE Sensex was up 47.56 points at 33,988 while the 50-share NSE Nifty fell 17.40 points to 10,399.80.HCL Technologies, TCS, Tech Mahindra, ONGC, Tata Motors, Bajaj Auto and Bharti Infratel were early gainers. HPCL, BPCL and IOC fell up to 3 percent. Dr Reddy's Labs, Sun Pharma, ICICI Bank, Kotak Mahindra Bank and Alkem Labs were under pressure.

Capitalstars financial research pvt ltd

Global Market:

• Major Asian stocks traded sideways on Thursday as investor confidence seen earlier in the week wavered overnight amid geopolitical tensions.

• US Markets: US stocks fell on Wednesday after President Donald Trump taunted Russia on Twitter to “get ready” for a possible missile strike on Syria.

• European markets also ended in the red yesterday with the FTSE closing 0.13% lower, CAC ended down 0.56% while the DAX ended 0.84% lower.

Major Headlines of the day:

• A Bhushan Steel: NCLT reserves orders on resolution plan approval

• Biocon: Mylan and Biocon have sought to accelerate introduction of Adalimumab Biosimilar In EU.

• Binani Cement case Dalmia Bharat Group Company RPPL writes to RBI Governor, SBI Chairman, Committee of Creditors w.r.t Binani Cement, Dalmia Bharat Group reaches out to CVC showing concern over Binani Cement case, Dalmia asks RBI to examine Binani Cement case for violation of IBC process

• Tata Motors: Global wholesales at 1.53 lakh units in March.

• Larsen & Toubro: It has signed an MoU With BEL To Develop Defence Products

• Tata Sons: The company will form Tata Aerospace & Defence

• IDBI Bank: RBI Imposes Rs 3 crore penalty for non-compliance with IRAC Norms.

Trend in FII flows: 

The FIIs were Net Value of Rs 362 the cash segment Wednesday while the DIIs were Net Value of Rs  111 as per the provisional figures.

Securities in Ban For Trade Date 12-APR-2018:

1.BALRAMCHIN
2.JETAIRWAYS
3.JPASSOCIAT

For more update you can contact us :

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