CS OPENING BELL 1-NOV-2018

NIFTY SPOT UP 33 @10419

SENSEX SPOT UP 143 @34585

BANK NIFTY FUTURES UP 6 @25214

HAPPY TRADING!

WWW.CAPITALSTARS.COM+919977499927

CS NIFTY FUTURES (NOV ) OVERVIEW

TREND BEARISH

RES2: 10550

RES 1:10460

SUP1:10250

SUP2:10100 

CS BANK NIFTY FUTURES (NOV ) OVERVIEW

TREND BULLISH

RES 2: 25550

RES 1: 25200

SUP1: 24800

SUP2: 24410 

   Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading Tips  , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips 

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Read More

Nifty likely to open higher 1-NOV-2018

Indian Indices:                           Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 35.5 points or 0.34 percent. Nifty futures were trading around 11,422-level on the Singaporean Exchange.

Global Market:

·       Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.78% while the Hang Seng is up 1.58%. The Shanghai Composite is not trading.

·       US Markets: Stock market turns negative amid report that U.S. set to impose tariffs on all remaining Chinese imports.

·       European markets: European markets closed sharply higher today with shares in France leading the region. The CAC 40 is up 2.31% while Germany's DAX is up 1.42% and London's FTSE 100 is up 1.31%.

·       Major Headlines of the day:

·        L&T Govt call for special treatment of NBFCs may be unwarranted as liquidity easing.

·        Rupee New board to execute IL&FS' revival plan in 6-9 months.

·       Results to be announced today :- Arvind,Bajaj Electric,Berger Paints,DLF,GNFC,HDFC,HPCL,IIFL Holdings,Marico,Tata Comm.

·         Trend in FII flows:-  The FIIs were Net Value of Rs  -193.65 segment while the DIIs were Net Value of  1124.92 the provisional figures.

Securities in Ban For Trade Date 01-NOVEMBER-2018

NIL

  Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading Tips  , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips 

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Read More

MARKET WRAP UP 31-OCT-2018

Closing Bell: Sensex ends 550 points higher, Nifty closes at 10,386; midcaps up 2%.

Wednesday’s session has ended on a strong note, with the Sensex soaring over 500 points, while the Nifty closed above 10,350-mark. A strong surge in financials along with IT names were responsible for pushing the indices higher.

Pharmaceuticals joined the bandwagon as well and a combination of all these factors boosted the market.

Automobiles, consumption, infrastructure, and PSU banks were the other big gainers. In the broader markets, the Nifty Midcap index rose around 2 percent.

At the close of market hours, the Sensex ended up 550.92 points or 1.63% at 34,442.05, while the Nifty was higher by 188.20 points or 1.85% at 10,386.60. The market breadth is positive as 1,593 shares advanced, 946 shares declined, while 1,114 shares were unchanged.

HEADLINES OF THE DAY

MOIL Q2 result: Its net profit rose 13.4 percent at Rs 105.1 crore against Rs 92.7 crore, revenue rose 24.8 percent at Rs 357.8 crore against Rs 286.7 crore, YoY.

Lupin Q2 result: Consolidated net profit down 41.5 percent at Rs 265 crore against Rs 455 crore. Revenue was unchanged at Rs 3,951 crore, YoY.

Rupee Recovers: Indian rupee has recovered from the day's low of 74.14. It is trading lower by 20 paise 73.88 per dollar, after a weak opening at 73.92.

Balrampur Chini Q2 result: Company's Q2 net profit was up 10.4 percent at Rs 90.9 crore against Rs 82.4 crore. Revenue was down 17.9 percent at Rs 1,015 crore versus Rs 1,236.8 crore, YoY.

FMCG major, Dabur India, reported a net profit of Rs 377.5 crore for the September quarter, a rise of 4.1 percent as compared to Rs 363 crore posted by the firm during the same period of last year.

Results to be announced tomorrow :- Arvind,Bajaj Electric,Berger Paints,DLF,GNFC,HDFC,HPCL,IIFL Holdings,Marico,Tata Comm.

The crucial resistance for Nifty spot is now seen at 10450 and above this 10610 Support for the immediate term is now placed at 10250 next support will be 10100.

  Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading Tips  , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips 

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Read More

CORPORATE NEWS 31-OCT-2018

PNB Housing Finance surges 9% after raising Rs2,450cr through commercial papers

Shares of PNB Housing Finance, one of the country’s largest housing finance company, surged over 9% in late afternoon trade on Wednesday after the company successfully raised Rs2, 450cr through the issue of commercial papers. This amount is over and above the Rs1, 775cr raised earlier.

Thus, in total, the company has raised a whopping Rs4, 225cr through commercial papers (CPs) in October 2018 alone. Incidentally, the CPs were placed with various mutual funds and banks.

Dr.Reddy’s announces launch of Strattera in US

Dr.Reddy's Laboratories on Wednesday announced the launch of Atomoxetine Capsules, USP, a therapeutic equivalent generic version of Strattera® (atomoxetine) Capsules in the United States market. The capsules have been approved by the US Food and Drug Administration (USFDA).

The Strattera® brand and its generic had sales of approximately $304mn for the twelve months ending August 2018 in the US, according to IMS Health. Straterra® is a registered trademark of Eli Lilly and Company.

Government to raise Rs5,000cr by divesting 3% stake in Coal India

The government will divest 3% stake in Coal India for Rs266/share through the offer for sale (OFS) route on October 31, 2018, which will fetch ~Rs5,000cr, according to media reports.

The government currently has 78.3% shareholding in Coal India. The government will offer an additional 6% stake in case of over-subscription, sources said.

The floor price of Rs266/share is at a discount of about 4% over yesterday's closing price of the stock on the NSE.

Cummins India climbs 12% post Q2FY19 numbers

Shares of Cummins India were trading 12% higher in the late morning session today as the company’s performance numbers for Q2FY19 beat market estimates.

The company’s Q2FY19 numbers strongly beat consensus estimates across the broader performance criteria. Revenue from operations witnessed a strong growth of 28.9% yoy to Rs1,486.9cr, beating street estimates by 16%. EBITDA for the quarter jumped 49.8% yoy to Rs250.9cr, surpassing estimates by 24.2%. The EBITDA margin also expanded by 236bps yoy to 16.9%. Net profit surged 38.4% yoy to Rs211.5cr in Q2FY19 vs. Rs152.9cr in Q2FY18, beating street estimates by 21.8%.

Tech Mahindra up ~7% as Q2 results beat estimates

IT service provider Tech Mahindra surged ~7% in late morning trade on Wednesday after the company reported a better-than-estimated result for Q2FY19.

The company has registered an 18.5% qoq increase in its consolidated net profit to Rs1,064cr in the quarter ended September 2018. Further, the Pune-headquartered company’s revenues grew 4.3% qoq to Rs8,630cr against the median consensus estimate of Rs8,614cr.

  Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading Tips  , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips 

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Read More

CS OPENING BELL: 31-OCT-2018

NIFTY SPOT UP 31 @10229

SENSEX SPOT UP 119 @34017

BANK NIFTY FUTURES UP 16 @24937

HAPPY TRADING!

WWW.CAPITALSTARS.COM+919977499927

CS NIFTY FUTURES (NOV ) OVERVIEW

TREND BEARISH

RES2: 10400

RES 1:10270

SUP1:10100

SUP2:9950 

CS BANK NIFTY FUTURES (NOV ) OVERVIEW

TREND BULLISH

RES 2: 25550

RES 1: 25200

SUP1: 24800

SUP2: 24410 

 Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading Tips  , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips 

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Read More

Nifty likely to open higher 31-OCt-2018

Indian Indices:                           Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 70.5 points or 0.69 percent. Nifty futures were trading around 11,299-level on the Singaporean Exchange.

Global Market:

·       Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 1.55% while the Hang Seng is up 0.63%. The Shanghai Composite is not trading.

·       US Markets: Stock market turns negative amid report that U.S. set to impose tariffs on all remaining Chinese imports.

·       European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.14%, while the DAX led the CAC 40 lower. They fell 0.42% and 0.22% respectively.

·       Major Headlines of the day:

·        L&T announces Q2 result today: Healthy order inflow expected to boost profit.

·        Rupee opens weak at 73.92 per dollar.

·       Results to be announced today :- Adani Enterprises,Adani Power,Ajanta Pharma,Bajaj Steel,Balrampur Chini,Canara Bank,Castrol,Dabur India,Dhampur Sugar,Escorts,HEG,Larsen,Lupin,Tata Motors,Vedanta.

·         Trend in FII flows:-  The FIIs were Net Value of Rs  -1592.02 segment while the DIIs were Net Value of  1363.04 the provisional figures.

Securities in Ban For Trade Date 31-OCTOBER-2018

1.Adanipower

  Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading Tips  , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips 

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Read More

CORPORATE NEWS 30-OCT-2018

 Jubilant FoodWorks announces PepsiCo as new beverage partner for Domino's Pizza

Shares of Jubilant FoodWorks dropped ~2.5% on Tuesday afternoon as the company announced Pepsico as its new beverage partner for Domino's.

As part of the partnership, all Pepsico beverages, i.e., Pepsi, Mountain Dew, 7UP, and Miranda will be sold across all Domino’s restaurants in India, as per a BSE filing released on Tuesday afternoon.

The move signifies the end of the relationship with Coca Cola, which was JFL’s exclusive beverage partner for 20 years.

CESC trades down 20% after going ex-date for demerger

CESC is currently trading down 20% after going ex-date for the company’s demerger. The company has demerged its retail business (Spencers) and CESC Ventures. The three, new demerged entities are CESC (Power Distribution & Generation), Spencer (Retail) and CESC Ventures.

CESC shareholders would receive six shares (of face value Rs5) of the retail entity (Spencers) and two shares (Rs10 FV) of CESC ventures for every 10 shares of CESC held. The company has stated that it intends to demerge the power business further, separating the generation and distribution segments.

Union Bank of India stock zooms on reporting profit for Q2FY19

Shares of Union Bank of India zoomed 8% on the NSE during afternoon trade. The bank’s Q2FY19 revenue came in flat qoq at Rs9,438cr.

Its NII came in at Rs2,493cr, which has increased by 7.4% yoy. The bank, for Q2FY19, has reported a net profit of Rs139.3cr as against a loss of Rs1,530.7cr yoy.

The net profit was in-line with consensus estimates due to higher NII. Its GNPA for Q2FY19 stood at 15.74% against 16% qoq, a decline of 26bps. NNPA for the quarter came in at 8.42% against 8.71% qoq, a decrease of 29bps.

Jet Airways gains 6% on reports of Delta Air to buy stake

Shares of Jet Airways were trading 6% higher in noon trade on Tuesday after a media report said that Delta Air is mulling to buy a stake in the cash-strapped airline operator. Further, the company refuting media reports of defaulting on lease rentals' payment also lent support to its shares.

According to media reports, the Atlanta-based Delta Air Lines is likely to buy Etihad Airlines' 24% stake in Jet Airways. The UAE-based Etihad had acquired a minority stake in Jet Airways in 2012 for about $379mn.

Glenmark Pharma gets USFDA nod for Fluocinolone Acetonide

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (USFDA) for Fluocinolone Acetonide Topical Oil, 0.01% (Scalp Oil), a generic version of Derma-Smoothe/FS Topical Oil, 0.01% (Scalp Oil), of Hill Dermaceuticals, Inc.

According to IQVIATM sales data for the 12-month period ending September 2018, the Derma-Smoothe/FS Topical Oil, 0.01% (Scalp Oil) market2 achieved annual sales of approximately $14mn

Glenmark’s current portfolio consists of 141 products authorized for distribution in the US marketplace and 58 ANDAs pending approval with the USFDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.

 Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading Tips  , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips 

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Read More

MARKET WRAP UP. 30-OCT-2018

Closing Bell: Sensex ends 176 points lower, Nifty just below 10,200; midcaps outperform.

It’s a negative close for the market and the Nifty has managed to close below 10,200-mark. 

At the close of market hours, the Sensex is down 176.27 points or 0.52% at 33891.13, while the Nifty is lower by 52.50 points or 0.51% at 10198.40. The market breadth is narrow as 1,472 shares advanced, against a decline of 1,066 shares, while 1,104 shares were unchanged.

Infosys, State Bank of India, Tech Mahindra and Zee Entertainment are the top gainers, while IndusInd Bank, Coal India, and HPCL have lost the most.

HEADLINES OF THE DAY

Symphony Q2 result: The company's consolidated net profit declined 38 percent at Rs 31 crore against Rs 50 crore. Revenue was up 5 percent at Rs 223 crore against Rs 212 crore.

ABB India Q3 profit surges 30% on double digit gross across segments, power grids biz grows 71%.

Jubilant FoodWorks announces PepsiCo as the new beverage partner for Domino's Pizza.

Dena Bank has widened its net loss for the September quarter at Rs 416.7 crore against a loss of Rs 185 crore during the same quarter of last year.

Bank of Maharashtra has reported a net profit of Rs 27 crore against a loss of Rs 23.2 crore during the same period of last year.

Results to be announced tomorrow :- Adani Enterprises,Adani Power,Ajanta Pharma,Bajaj Steel,Balrampur Chini,Canara Bank,Castrol,Dabur India,Dhampur Sugar,Escorts,HEG,Larsen,Lupin,Tata Motors,Vedanta.

The crucial resistance for Nifty spot is now seen at 10280 and above this 10450 Support for the immediate term is now placed at 10100 next support will be 9900.

Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading Tips  , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips 

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Read More