Sensex flat, Nifty still below 10,400; PSU Bank index falls 1%;

Sensex flat, Nifty still below 10,400; PSU Bank index falls 1%;

Indian Indices:

The Indian equity benchmark indices are likely to witness a negative opening today, tracking negative cues from Nifty futures on the Singapore Stock Exchange and weak trend across the global markets.Bearish trend in the SGX Nifty Index Futures for February delivery, which was trading at 10,376.50, down by 29 points or 0.28 per cent, at 10:52 AM Singapore time, also signaled a negative start for local bourses. In lack of any major economic event and ending of earnings season, all eyes will on global cues and February F&O expiry which will set direction for Indian equities this week. The banking stocks will remain in focus as the department of financial services has asked all banks to integrate their Core Banking System with the SWIFT and implement a rotation policy for staffers in wake of PNB fraud incident.

capitalstars pvt. ltd.

On the Stock front

ØShares of Gitanjali Gems will remain in limelight as the company’s director and two executives resign, taking moral responsibility. 

    Adding the woes, Punjab National Bank has asked Gitanjali Group companies to pay "outstanding" dues amounting to Rs 1,045.88 crore Gitanjali Gems said in a regulatory filing. 

ØShares of Bhushan Steel may also see some movement as Tata Steel, JSW Living and a consortium of the company's own employees have submitted bids to take over the assets of debt laden steel maker.

PREVIOUS DAY ROUNDUP (DOMESTIC)

ØThe Indian equities ended lower on Monday, undermining firm cues from Asian peers, led by selling in index heavyweight such as 

Tata Steel, SBI, Asian Paints, Dr. Reddy's Laboratories, Adani Ports and L&T.

Global Market:

·       Major Asian markets are also trading in the red at present. Nikkei is currently down 1.22%, Hang Seng is trading 0.63% lower, while the Chinese markets continue to remain shut.

·  US Markets: Wall Street remained shut in yesterday’s trade on account of Presidents Day holiday, though the US stock futures were trading lower on Monday after Friday’s positive closing.

·       European markets also closed in the red yesterday with FTSE down 0.65%, CAX was down 0.48% and DAX closed 0.54% lower.

Major Headlines of the day:

·        IndiGrid Trust-Investment in power transmission asset of Techno Electric and Engineering Company Limited, Completed acquisitions of 3 units from Sterlite Power Grid Ventures Limited.

·        Fortis Healthcare clarifies-On reports of SEBI & SFIO investigations against company & Religare Enterprises, Got no communication, written or otherwise, from government on probe.

·        Religare Enterprises says raising of funds through issue of warrants for preferential issue by issuing 17.5 crore warrants at Rs 52.2 per share.

·        Sun Pharma's wholly owned subsidiary buys additional shares in Ranbaxy Malaysia Sdn Bhd, post completion stake will increase to 90.74 percent, 63 Moons, NSEL merger case another hearing on April 18.

Trend in FII flows: The FIIs were Net Value of Rs -895.79  the cash segment Monday while the DIIs were Net Value of Rs 586.52 as per the provisional figures.

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

1.BALRAMCHIN

2.DISHTV

3.FORTIS

4.GMRINFRA

5.HDIL

6.JISLJALEQS

7.JPASSOCIAT

8.ORIENTBANK

For more update you can contact us :

CapitalStars Financial Research  Forex trading tips  stock market tips Share Tips Expert 

                      
Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927 

Market falls with uncertainity

Sensex falls 100 pts, PSU Bank dips 1%; Bhushan Steel up 20%;

Indian Indices:

The Indian equity benchmark indices are likely to open higher today, tracking firm Nifty firm trend in the SGX Nifty Index Futures for February delivery, which was trading at 10,487, up by 24 points or 0.23at 11:26 AM Singapore time, also signaled a positive opening for the domestic equity bourses. Market participants is expected to react to recent data showing foreign investors have pulled out USD 1 billion or Rs 6,850 crore so far this month from the Indian stock market due to selloffs globally. The equity market is expected to remain volatile ahead of February F&O expiry on this Thursday. The banking stocks will remain in focus as the PNB mess will take a toll on other banks also futures on the Singapore Stock Exchange and positive trend across the global markets.

Capitalstars pvt. ltd.

On the Stock front

ØShares of Reliance Industries Limited will remain in focus as the company has said that its arm Reliance Industrial Investments and 

Holdings Limited will acquire equity shares of The Indian Film Combine Private Limited ("IFC"), a company incorporated in 1942.

ØShares of Reliance Communications is expected to remain on investors’  radar as the shareholders of Anil Ambani­led company have 

approved the sale of its wireless assets to pare debt.

On the Corporate front

ØInfosys, India's second largest software services firm, has said that it has divested its investment in OnMobile Systems Inc for USD 2.49 million. "...it (Infosys) has on February 15, 2018 signed an agreement for divestment of its entire investment from OnMobile Systems Inc.

Ø ONGC Videsh Ltd, the overseas arm of state­owned Oil and Natural Gas Corp (ONGC), will bid for development rights of Iran's giant 

South Azadegan Oilfield in direct competition with the likes of global giants like Shell, France's Total, Petronas of Malaysia and Russias Gazprom.

PREVIOUS DAY ROUNDUP (DOMESTIC)

ØThe Indian equities ended lower in volatile trade on Friday, undermining firm cues from Asian peers, led by sharp sell­off in final hour 

of day’s trade with PSU bank index falling over 2 percent.

Global Market:

·       Major Asian markets are shut today. Nikkei is currently up 1.31%.

·       US Markets: Wall Street ended Friday's session on a mixed note while the Dow and S&P 500 closed higher for the 6th consecutive session the Nasdaq ended the day marginally lower.

·       European markets closed in the green on Friday with FTSE up 0.82%, CAX was up 1.12% and DAX closed 0.85% higher.

Major Headlines of the day:

·       The Indian Government has said that it may soon unveil a Rs 15,000 crore plan to ensure the farmers get the minimum support 

price (MSP) for their crops even when market prices fall below the benchmark rate.

·        PNB-Clarifies to exchanges on the news: Government asks fraud hit PNB to conduct forensic audits, "Bank hasn't received any instruction from government authority and hence can't comment".

·        Religare Enterprises-To raise funds upto Rs 1,200 crore through issue of shares/convertible securities/debt-Appointment of 3 board of directors.

Trend in FII flows: The FIIs were Net Value of Rs -1065.99  the cash segment Friday while the DIIs were Net Value of Rs 1127.78 as per the provisional figures.

Securities in Ban For Trade Date 19-FEB-2018:

1.BALRAMCHIN

2.DISHTV

3.FORTIS

4.GMRINFRA

5.HDIL

6.JISLJALEQS

7.JPASSOCIAT

8.ORIENT BANK

For more update you can contact us :

CapitalStars Financial Research  Forex trading tips  stock market tips Share Tips Expert 

                      
Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927 

Volatility status for the whole week

Volatility status for the whole week-:

Nifty and Sensex ended on flat note in the week ended February 16. It has been a volatile truncated week as the benchmark indices have been dancing to the tune of global equity indices.The highlight of the week is the Punjab National Bank (PNB) fraud case and because of this the Bank Nifty index remained under pressure during the week, which also dampened the sentiment across the street.

Capitalstars pvt. ltd.

Gitanjali Gems saw severe selling pressure after the company came under scanner of various investigating agencies following Punjab National Bank'sfraud detection. Its market valuation went down by Rs 300 crore in the last three trading sessions.

"Going forward, it is crucial that Nifty manages to break either of the 10400 or 10600 levels before we could see any specific direction being established, said Hadrien Mendonca, Senior Technical Analyst at IIFL.

The index consolidated throughout this week, a pattern which is likely to continue in the coming week as well unless it breaks above 10600.

253 stocks has touched the 52-week high including Adani Enterprises, Ashok Leyland, Bharat Forge, HCL Infosystems, Mastek, L&T Infotech, while 183 stocks touched 52-week low including Corporation Bank, DB Corp, Dena Bank, Gitanjali Gems, Force Motors in the week ended February 16, 2018.

 However, the Nifty is stuck in a narrow trading range between 10400 to 10600 levels for the past seven days.

For more update you can contact us :

CapitalStars Financial Research  Forex trading tips  stock market tips Share Tips Expert 

                      
Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927 

Sensex, Midcap gain 150 pts; Nifty hits 10,600 in opening; metals shine

Sensex, Midcap gain 150 pts; Nifty hits 10,600 in opening; metals shine:-

Indian Indices:

firm SGX Nifty Index Futures for February delivery, which was trading at 10,582.50, up by 25.50 points or 0.24at 11:22 AM Singapore time, also signaled a positive opening for the domestic equity bourses. Equity benchmarks extended previous day's gains on last day of the week, with the Sensex, Nifty Bank and Midcap indices rising around 150 points each, tracking positive global cues.The 30-share BSE Sensex was up 149.65 points at 34,447.12 and the 50-share NSE Nifty rose 48.30 points to 10,593.80.
 
Punjab National Bank lost another 2 percent on top of 21 percent fall in previous two consecutive sessions. Gitanjali Gems tanked 19 percent on top of 20 percent correction in previous session. Nifty Midcap as well as Nifty Bank indices rallied 150 points each.

On the Economy front
 
Ø Investors will react to India’s trade deficit data which soared to USD 16.3 billion in January on account of a 26.1% increase in imports to USD 40.68 billion. India’s export grew by 9.07%, to USD 24.38 billion in January from 12.03% in December.

Capitalstars pvt. ltd.

 
On the Corporate front
 
Ø Shares of ZEE Learn will remain in focus as the company has acquired a controlling 44.5% stake in MT Educare, that runs the popular Mahesh Tutorials coaching classes, for about Rs 200 crore.
Ø Shares of Idea Cellular will be in focus as the telecom player on Thursday raised around $535 million, or about Rs 3,500 crore, through 
a qualified institutional placement (QIP) with the price at Rs 82.50 per share at the closure of bids.

 
PREVIOUS DAY ROUNDUP (DOMESTIC)

 
Ø The Indian equities ended higher on Thursday, tracking firm cues from Asian peers, as investors shrugged off Fed rate hike concerns 
despite stronger­than­expected US inflation data and shifted focus to domestic events.
Global Market:
·       Major Asian markets are shut today on account of Lunar New year. Nikkei is up 1.08%
 

·       US Markets: After witnessing heavy volatility in the initial half of the session stock surged up significantly higher.

·       European markets also closed in the green yesterday with FTSE up 0.29%, CAX was up 1.10% and DAX closed 0.06% higher.
 
Major Headlines of the day:
 
·        Daiichi-Fortis Case- SC lifts stay on sale of encumbered Fortis health shares by Singh brothers, SC allows sale of Fortis health shares pledged with lenders
·        Yes Bank to consider proposal to raise funds via debt securities or on private placement basis on Feb 20, Have necessary approvals to borrow/raise funds up to Rs 20,000 cr in 1 or more tranches.
·        Future Consumer- To allot NCDs for an amount not exceeding 150cr,Raises Rs200cr debt from UK’s CDC Group.

Trend in FII flows: 

                                The FIIs were Net Value of Rs -240.29  the cash segment Thursday while the DIIs were Net Value of Rs 49.92 as per the provisional figures.
 
Securities in Ban For Trade Date 16-FEB-2018:
 
1.BALRAMCHIN
2.DISHTV
3.GMRINFRA
4.HDIL
5.JISLJALEQS
6.JPASSOCIAT
7.ORIENTBANK

For more update you can contact us :

CapitalStars Financial Research  Forex trading tips  stock market tips Share Tips Expert 

                      

Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927 

Market towards to strong move

Sensex gains 150 pts, Nifty Midcap outperforms; PNB, Gitanjali tanks

Indian Indices:

Strong gains in the SGX Nifty Index Futures for February delivery, which was trading at 10,541, up by 78.50 points or 0.75%, at 11:21 AM Singapore time, also signaled a positive opening for the domestic equity bourses. The banking stocks will remain in focus after state­run Punjab National Bank detected a USD 1.8 billion fraud in one of its branches in Mumbai, which raises questions about the health of India’s banks, which are already grappling with one of the worst bad­loan ratios.

On the Stock front

Ø Shares of Sun Pharmaceuticals Ltd will remain in focus as India’s largest drug maker reported 75% YoY decline in its net profit for 

the quarter ended December 365 crore as against Rs 1,471 crore a year earlier.

ØShares of Idea Cellular would be in focus as the company has finalised plans to raise an additional Rs 3,500 crore through the 

qualified institutional placements (QIP) route.

Capitalstars pvt.ltd.

PREVIOUS DAY ROUNDUP (DOMESTIC)

ØAmidst choppy trade, the Indian equities ended lower, paring early gains, tracking mixed cues from Asian peers, as investors weighed 

Reserve Bank of India’s new NPA resolution plan.

Global Market:

·       Major Asian markets are trading in the green, at present Shanghai Composite is trading 0.45% higher while Hang Sang is trading up 1.30%. Nikkei is trading up 1.38%.

·       US Markets: Wall Street witnessed a sharp recovery in yesterday’s session after initially trading lower.

·       European markets closed in the green yesterday with FTSE up 0.64%, CAX was up 1.08% and DAX closed 1.16% higher.

Major Headlines of the day:

·        Stocks of Religare Enterprises will remain in focus after its promoters, Malvinder Mohan Singh and Shivinder Mohan Singh, 

resigned from the board of the company.

·        GTPL Hathway reported standalone net profit of Rs 23.74 crore for the quarter ended December 31, 2017 as compared to 

Rs 4.16 crore in the same period last year, registering a year­on­year growth of 470.67 per cent.

Trend in FII flows: The FIIs were Net Value of Rs -728.71  the cash segment Wednesday while the DIIs were Net Value of Rs -152.39 as per the provisional figures.

Securities in Ban For Trade Date 15-FEB-2018:

1.BALRAMCHIN

2.DISHTV

3.GMRINFRA

4.HDIL

5.JPASSOCIAT

6.ORIENTBANK

For more update you can contact us :

CapitalStars Financial Research  Forex trading tips  stock market tips Share Tips Expert 

                      

Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927 

Day status for today's share market

Sensex rises 100 pts, Nifty above 10,550 in opening; PSU Bank index down 1%;

Indian Indices:

The Indian equity benchmark indices are likely to open on a positive note today tracking firm Nifty futures on the Singapore Stock Exchange

and positive cues from global peers.Bullish trend in the SGX Nifty Index Futures for February delivery, which was trading at 10,547.50, up by 82 points or 0.78%, at 11:22 AM. Singapore time, also signaled a positive opening for the domestic equity bourses. 

On the macro front, focus will be on inflation based on wholesale price index (WPI) for January 2018 due to be released by the government today, 14 February 2018. The banking stocks will remain in focus as the Reserve Bank of India has scrapped various loan restructuring programmers, which may affecting bank’s profitability.

On the Earning front

Ø Stock  focus will be on : Sun Pharma, Allahabad Bank, Balkrishna Industries, Grasim Industries, Nestle India, Apollo Hospitals, Cox & Kings, Dena Bank and Jet Airways, among others will remain in focus as they will announce their third quarter earnings today.

Capitalstars pvt. ltd.

On the Corporate front

Ø CRISIL reported standalone net profit of Rs 64.22 crore for the quarter ended December 31, 2017 as compared to Rs 77.80 crore in 

the same period last year, registering a year­on­year decline of 17.46 percent.

Ø Shipping Corpn. reported standalone net profit of Rs 82.17 crore for the quarter ended December 31, 2017 as compared to Rs 7.25 

crore in the same period last year, registering a year­on­year growth of 1033.38 per cent

PREVIOUS DAY ROUNDUP (DOMESTIC)

Ø The Indian benchmark indices ended higher on Monday, tracking firm cues from Asian peers, on buying by domestic funds ahead of 

inflation data to be released after market hours today.

Global Market:

·       Major Asian markets are trading in the mixed, at present Shanghai Composite is trading 0.19 % lower while Hang Sang is trading up 0.62%. Nikkei is trading down 0.81%.

·       US Markets: Wall Street managed to end yesterday’s session in the green after witnessing weakness in the initial half of the session.

·       European markets closed in the red yesterday with FTSE down 0.13%, CAX was down 0.62% and DAX closed 0.71% lower.

Major Headlines of the day:

·        The Reserve Bank of India today came out with a revised framework for expeditious resolution of bad loans, harmonising the 

existing guidelines with the norms specified in the Insolvency and Bankruptcy Code (IBC).

·        Union minister Piyush Goyal has said that the country's economic growth is likely to cross 7.5 per cent in the next fiscal. 

Commenting on the issue, Union minister Piyush Goyal told the media, "I believe we will close this year upwards of 6.7 per cent.

·        Motherson Sumi Systems will remain in focus as the company reported a consolidated net profit at Rs 561.7 crore for the quarter 

ended December 31, 2017, a 2.63 per cent increase from the corresponding period of last financial year’s net profit.

Trend in FII flows: The FIIs were Net Value of Rs -814.11  the cash segment Monday while the DIIs were Net Value of Rs 1342. as per the provisional figures.

Securities in Ban For Trade Date 14-FEB-2018:

1.BALRAMCHIN

2.DISHTV

3.GMRINFRA

4.HDIL

5.JPASSOCIAT

For more update you can contact us :

CapitalStars Financial Research  Forex trading tips  stock market tips Share Tips Expert 

                      

Get free trial Click here: http://www.capitalstars.com/free-trial

www.capitalstars.com |T:+91-9977499927