Markets turn choppy; index heavyweights weigh ,autos in focus

• The market is still struggling to get out from red. the Sensex is down 34.25 points at 27465.17 and the Nifty down 13.55 points at 8269.15.
• Sesa Sterlite, Cipla, Tata Steel, BHEL and Maruti are top gainers while HDFC, NTPC, Coal India, Dr Reddy's Labs and GAIL are among losers in the Sensex.
• Auto stocks are in focus ahead of auto sales numbers for the month of December to be released today. The overall view is that demand in 2-wheelers is weak and in passenger cars new launches like Maruti Ciaz, Tata Zest saw a good response. 
• Metal stocks have extended gains from yesterday.Sesa Sterlite has gained over 2% while Hindalco and Tata Steel have gained around 0.4% and 0.8% each.
• country core sector growth touched a five month high at 6.7% in the month of November, 2014 compared to 6.3% growth in October, 2014. The Steel sector, one of the eight components considered to be core sectors, slowed further to 1.3%.
• L&T has gained around 0.4%. L&T Infrastructure Development Projects Ltd ( L&T IDPL) has begun construction of a Rs 1293 crore road widening project in Odisha, more than a year after bagging the contract for it.
• Sun Pharma and Cipla have gained 0.1% and 0.9% each while Dr Reddys Lab is down 0.6%.
• RIL and GAIL have lost over 0.5% each while ONGC is gaining around 0.4%.
• Among other shares, Clariant Chemicals has zoomed over 11% after the company announced that it has received full and final payment for its Thane land.

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INDIAN EQUITY MARKET OUTLOOK -01 JAN 2015

• INDIAN BENCHMARK are likely to open year 2015 on a mixed note as the major global markets remain closed on account of New Year.                            
• FURTHER, IOC website hacked by Turkish group.
• Glenmark gets shareholders' nod to raise up to $300 million.
• Sebi passes over Rs 750-cr disgorgement order.
• Trend in FII flows: The FIIs were net buyer of Rs 481.08 cr in the cash segment on Thursday  while the DIIs were net seller of Rs.-30.55 cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-31 DEC 2014

STOCK FUTURES:

FUTURES INTRADAY

STRIDES ARCOLAB FUTURE BUY CALL 3 TG

SKS MICRO FINANCE BUY CALL 3 TG

MOTHERSON SUMI FUTURE BUY CALL 1 TG 

ADANIPORT FUTURE  BUY CALL  COST EXIT

YES BANK FUTURE BUY CALL COST EXIT

PREMIUM FUTURES

SKS MICRO FINANCE FUTURE BUY CALL 2 TG (BOOKED AT 421.85)

M&M FINANCE FUTURE BUY CALL 1 TG

JSW ENERGY FUTURE BUY CALL SL TRIGRRED

NIFTY FUTURES:

OPTION:

M&M FINANCE 32O CALL COST EXIT

SKS MICROFINANCE 410 CALL SL TRIGRRED

OPTION PREMIUM:

AMTEK AUTO BUY 170 CALL 3TG

STOCK CASH:

STOCK CASH INTRADAY:

ATUL AUTO BUY CALL 1 TG (BOOKED AT 684.60)

JUBLFOOD BUY CALL COST EXIT

STOCK CASH PREMIUM:

MIND TREE BUY CALL 1 TG

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INDIAN EQUITY MARKET WRAPUP-31 DEC 2014

INDIAN BENCHMARK  rises, posts best yearly gain in five years

INDIAN EQUITY BENCHMARKS  rose on Wednesday, ending a record-setting year with hopes that the momentum would sustain in 2015 should the government announce additional economic reforms and the central bank start cutting interest rates. The S&P BSE Se nsex and CNX Nifty ended 0.35%-0.42% higher each.                          
·Bajaj Corp gains on shareholders’ approval to raise FII limit

·Wockhardt falls on voluntarily recalling

·Stock Update: Growth outlook remains strong

The crucial resistance for Nifty is now seen at 8375 and above this 8485. Support for the immediate term is now placed at 8280 and next support will be 8215.

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BROADER MARKET OUTPERFORM; BSE MIDCAP INDEX GAINS 0.6%

• The market has opened last trading day of 2014 on a very flat note.The Sensex is down 6.06 points at 27397.48 and the Nifty down 2.55 points at 8245.70. 
• In the broader market, both the BSE Midcap and Smallcap indices have performed better than the front-liners with gains of around 0.6% each.  Market breadth in BSE is positive with 1,269 advances against 685 declines.
• BSE Metal and Power indices up 0.6% each are the lead gainers followed by BSE Oil & Gas index and BSE Bankex which have gained around 0.5% each. 
• BSE Auto index, down 0.3% is the only loser among sectoral indices.Bajaj Auto and M&M have declined 0.9%, and 1.4% respectively. 
• Tata Motors, Maruti Suzuki and Hero Motocorp have lost between 0.2% and 0.4% each.
• Metal stocks have rebounded in today’s trade. Sesa Sterlite, Tata Steel and Hindalco have gained 0.7%, 0.9% and 1.6% respectively.
• Financials are largely trading higher with ICICI Bank, up 0.8% leading the gains followed by Axis Bank, up 0.6%, SBI, up 0.4% and HDFC, up 0.2%.
• ONGC, GAIL and Reliance have gained around 0.2%, 0.5% and 0.7% respectively.
• Lupin has gained around 0.4.
• Among other pharma shares, Cipla and Dr Reddys Lab have gained 0.5% and 0.9% each.

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INDIAN EQUITY MARKET OUTLOOK-31 DEC 2014

1. INDIAN BENCHMARKS are likely to open on a positive note as the global cues look supportive. SGX Nifty is trading 25.50 points higher.
2. FURTHER,  Wockhardt, Cadila, Hospira recall drugs in the US.
3. L&T bags contracts worth Rs 2,521 crore in Dec.
4. Sebi allows exit of Ludhiana Stock Exchange as bourse.
5. Trend in FII flows: The FIIs were net buyers of Rs 277.92 cr in the cash segment on Tuesday while the DIIs were net buyers of Rs. 160.87 cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAPUP- 30 DEC 2014

INDIAN BENCHMARKS , Tepid trade, low volumes; minor gains
INDIAN EQUITY BENCHMARKS ended flat on weaker regional shares offset optimism over additional reforms a day after the government passed an executive order to ease land-acquisition rules. The S&P  BSE Sensex and CNX Nifty ended 0.03%-0.02% higher each.

• Lanco Infratech rose 4.27%, after the firm said that its board passed circular resolution approving the allotment of 5.45 crore shares at an issue price of Rs 6.23 per share to ICICI Bank as per CDR package for the firm
• Godrej Properties rose 3.25%, after the company said it has entered into an agreement with Godrej & Boyce to develop a new mixed-use project on the property at Pirojshanagar, Vikhroli West, Mumbai.
• IDBI Bank rose 2.74%, after the bank said that its board has approved the sale of bank's part or whole shareholding of 48.18 lakh shares in Credit Analysis & Research in one or more lots.

The crucial resistance for Nifty is now seen at 8370 and above this 8475. Support for the immediate term is now placed at 8275 and next support will be 8210.

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CS ROCKING PERFORMANCE OF THE DAY - 30 DEC 2014

STOCK FUTURES:

FUTURES INTRADAY

JSW ENERGY  FUTURE BUY  CALL  2 TG 

SYNDICATE BANK  FUTURE  BUY  CALL  1 TG

CAIRN  INDIA  FUTURE  SELL  CALL  1 TG

JSW STEEL  FUTURE SELL CALL  COST EXIT

SESA STERLITE  FUTURE  SELL  COST EXIT

PREMIUM FUTURES

ANDHRA BANK FUTURE  1 TG

NIFTY FUTURES:

BANK NIFTY FUTURE  3TG

OPTION:

ADANI PORT  BUY  300  CALL 3  TG

ALLAHABAD BANK  BUY 130   CALL 1  TG

LICHSG   BUY  420  CALL 1  TG

OPTION PREMIUM:

ANDHRA BANK CALL  3 TG

STOCK CASH:

STOCK CASH INTRADAY:

ABAN OFFSHORE  BUY  CALL 3 TG

TUBE INVESTMENTS  BUY CALL 3 TG

YES BANK  BUY  CALL  3 TG

 GIC HOUSING  BUY CALL  1 TG

 HAVELLS INDIA BUY  CALL  SL TRIGGERED

STOCK CASH PREMIUM:

ABAN OFFSHORE  BUY  CALL 3 TG

ATUL  AUTO  BUY  CALL 1 TG  (BOOKED AT 642.50)

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TOP CORPORATE NEWS -30 DEC 2014

·RBI plans to bring govt owned NBFCs under prudential regulations
RBI plans to bring govt owned NBFCs under prudential regulations—negative for PFC, REC ,RBI in its financial Stability reported suggested that there is need to bring government owned NBFCs ( PFC, REC etc) on par with regulations applicable to other NBFCs.Presently the framework on provisioning, capital adequacy, asset classification etc for government owned NBFCs is softer compared to other NBFCs.Going ahead if RBI implements this, it should result in higher provisioning burden or capital requirements for these NBFCs hence negative for PFC, REC.
·RBI Financial Stability report: Macro issues improving
RBI Financial Stability report-Macro issues improving though reversal of flows remains risk, cautious on banking sector, Key points the reversal of external flows remains key risk with India economy. Asset quality of Banks may improve if economic revival continues. However if economy falters, the assets quality of banks may worsen. Close ties between top banks would leave the banking system especially vulnerable to contagion in case of trouble at a single institution.
·Government to raise stake in IFCI to 51%
IFCI will now be back in the government fold as Union cabinet has approved Rs 60-crore equity infusion in the entity to raise its shareholding to 51% from 47.93% at present. Under the present circumstances, the governments say in company will help to draft revival plan for the IFCI which is positive development.
·Blue Star ties up with Eureka Forbes; stk up
Blue Star rose over 5%, touching to Rs 327, after the company has agreed to collaborate with Eureka Forbes to launch water coolers with in-built purification. The partners are eyeing around Rs 150-200 crore from this collaboration. The new line-up of storage water cooler with inbuilt purifier comprises four models - three models with UV purification and one model with RO purification technology.
·L&T Construction wins orders worth Rs2521 Crores
L&T Construction Wins Orders Valued Rs 2521 Crores – Positive for L&T, The Building & Factories business of L&T Construction has bagged orders worth Rs 2521 crores in the month of December 2014 in both the domestic & international markets. The key new orders include L&T Oman LLC (a subsidiary of L&T) won a order from the Ministry of Transport & Communications, Sultanate of Oman, for the construction of a new passenger terminal at Duqm Airport in Oman.
·IDBI Bank gains 3% as Board approves stake sale in CARE
Shares of IDBI Bank gain nearly 3% on NSE after its Board approved stake sale in CARE—sentimentally positive Board of IDBI Bank has approved whole or part sale of 48 lakh shares (16.7% stake) held in rating agency CARE. The Bank has been trying to sell non-core investments (CARE,  NSE etc) to improve its capital position in the light of stringent Basel III regulations.
·Bharti Airtel not to charge higher price for VoIP services
Bharti Airtel takes back its decision to charge higher price for its VoIP services Post the huge social outcry on differential and high VoIP charges plan announced by it, Bharti Airtel has withdrawn its plan for the same, and has stated that it is awaiting TRAI’s consultation paper relating to OTT services, and expects the regulator to come out with balanced outcome on the same
·Tata Steel: Iron ore impacts production and profitability in Q3
Tata Steel, iron ore impacted production and profitability in the current quarter Company suspension of a blast furnace for over a month at its Jamshedpur facility for want of iron ore impacted production and profitability in the current quarter (Q3FY2015). For the current quarter, mining operations in Noamundi Iron Ore mine in Jharkhand was suspended for the entire period and four mines in Odisha including the Joda iron ore mine was suspended for a month. Sentimentally negative for Tata Steel.
·TVS Motor, BMW import prototype parts for upcoming motorcycle
TVS Motor and BMW import prototype parts for upcoming motorcycle; positive developments for TVS Motor TVS Motor - BMW partnership have imported prototype parts for the development of their upcoming motorcycle.TVS Motor and BMW have entered in a partnership to develop an under 600 cc motorcycle. The vehicle is scheduled for launch in end CY 2015. The development is positive for TVS Motor.
·United Bank of India updates on proposes All India Bank strike
United Bank of India announced that the Bank is in receipt of a communication dated December 23, 2014 from Indian Bank's Association informing about a notice dated Dec 22, 2014 served by the Convenor, United Forum of Bank Unions informing to go on All India Bank Strikes on Jan 07, 2015 and January 21 to Jan 24, 2015 on demand of immediate settlement of wage revision and related matters. However, the Bank will take all reasonable steps to maintain undeterred services on the days of strike to the extent possible.

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Markets turn choppy; BHEL gains over 1%

• Benchmark indices are trading flat after paring early gains as losses in oil and metal shares have wiped off the gains in capital goods and pharmaceutical stocks. BSE midcap and smallcap indices have performed better than the front-liners with gains of around 0.4% each .
• BSE Consumer Durables and Capital Goods indices, up over 1% each, are the lead gainers among sectoral indices followed by BSE Power index, up 0.9% and BSE Healthcare index, up 0.7%. BSE Metal has declined around 1% followed BSE Bankex which is down 0.5%.
• L&T has gained around 0.8%.
• Pharma shares are trading firm. Sun Pharma, Cipla and Dr Reddys Lab have gained close to 1% each.
• IT stocks too are trading higher. Infosys and TCS have gained around 0.4% each while Wipro has gained around 0.6%.
• BHEL has gained over 1%. and Tata Steel has lost over 1%.
• GAIL and ONGC have lost around 1% each while RIL has declined around 1.6%.
• Metal stocks have declined failing to maintain the gains made in the last session. Hindalco and Sesa Sterlite have lost around 1% and 1.4% each.

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INDIAN EQUITY MARKET OUTLOOK-30 DEC 2014

• INDIAN BENCHMARK are likely to open on a flat note as the global cues look mixed. SGX Nifty is trading 12.50 points higher.
• FURTHER, RINL gets Sebi's nod for IPO.    
• L&T Hydrocarbon bags Rs894 cr offshore contract from ONGC.
• RBI eases norms for Indian companies investing abroad.
• Trend in FII flows: The FIIs were net sellers of Rs -204.22 cr in the cash segment on Tuesday  while the DIIs were net buyers of Rs.360.38 cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-29 DEC 2014

STOCK FUTURES:

FUTURES INTRADAY

PETRONET FUTURE BUY CALL 3 TG  (BOOKED AT 213.70)

ASIAN PAINT FUTURE BUY CALL 3 TG 767 ( BOOKED AT 766.40)

SKS MICRO FINANCE FUTURE SELL CALL 2 TG

GLENMARK PHARMA FUTURE SELL CALL 2 TG   (BOOKED AT 787.10)

BHARAT FORGE BUY CALL BOOKED AT 951.80

PREMIUM FUTURES

MRF FUTURE SELL CALL 3TG

TVS MOTORS BUY CALL HOLD FOR TOMMOROW

NIFTY FUTURES:

BANK NIFTY SELL CALL 1TG

NIFTY FUTURE SELL CALL COST EXIT

OPTION:

OPTION PREMIUM:

STOCK CASH:

STOCK CASH INTRADAY:

ABAN OFFSHORE BUY CALL 3 TG

COX & KINGS SELL CALL 2 TG

CENTURY TEX BUY CALL 1 TG

STOCK CASH PREMIUM:

ABAN OFFSHORE BUY CALL 1 TG

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INDIAN MARKET WRAPUP- 29 DEC 2014

INDIAN BENCHMARKS gain for second day as metals shine

INDIAN EQUITY BENCHMARKS  rose for the second consecutive session on Monday, led by metals and mining firms such as Tata Steel on expectations the government would pass executive orders to ease land acquisition rules and auction minerals such as iron ore. The S&P BSE Sensex and CNX Nifty ended 0.57%-0.56% higher each.                                                                         

1. Shares of Gujarat Pipavav Port soared 10% to Rs199, also is record high on ( NSE), on back of heavy volumes.
2. Career Point gains 11% on signing MOU with Govt of Rajasthan.
3. Aban Offshore rallies 15% on rating upgrade.

The crucial resistance for Nifty is now seen at 8375 and above this 8425. Support for the immediate term is now placed at 8285 and next support will be 8210.

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TOP CORPORATE NEWS -29 DEC 2014

·HDIL gets relief against FIR for SRA project; stock up
Shares of Housing Development & Infrastructure gained 3% at Rs70 after the company which challenged the F.I.R with regards to a SRA project in suburban Mumbai was granted ad-interim relief by the Bombay High Court. The stock opened at Rs68 and touched a high of Rs71.45 on NSE.
·Govt eyes Rs3 lakh crore investments in power transmission business
With an ambitious target to give 24X7 electricity to all, the government is eyeing Rs3 lakh crore worth investments in power transmission and distribution business. During the last five years, opportunity from Power Grid was around Rs1 lakh crore. Hence if capex will flow in such large quantum in T&D space, it will unfold a huge opportunity for T&D EPC players and support equipment (transformer, cables & others) manufacturing.
·IOC to bag Rs2,800-crore Ennore-Tuticorin LNG pipeline project
Indian Oil Corporation is well positioned to bag the Rs2,800-crore Ennore-Tuticorin LNG pipeline project which will link its proposed Ennore LNG Terminal with the southern parts of Tamil Nadu and Bengaluru. Positive for the company.
·Career Point gains 11% on signing MOU with Govt of Rajasthan
Career Point surged over 10% to Rs148 on NSE after the company said it has signed a memorandum of understanding ( MOU) with Rajasthan Skills and Livelihood Development Corporation (an undertaking of Government of Rajasthan) to impart skill development training. The stock opened at Rs136.50 and hit a high of Rs151.90 on NSE.
·Andhra Pradesh plans to add 16000 MW of power generation capacity
 Andhra Pradesh government is planning to add around 16000 MW of power generation capacity in the next five years, which includes capacity addition in thermal power (3,240 mw), central generating stations (1,949 mw), solar (3,150 mw), wind (7,030 mw) and other sources. Incremental opportunities for central power generators like NTPC and equipment suppliers like BHEL & others
·L&T wins Rs894 crore order from ONGC
Shares in Larsen and Toubro (L&T) were trading higher by nearly 1% at Rs1,502 on NSE after the company said it has bagged an offshore contract valued at Rs894 crore from the Oil & Natural Gas Corporation ( ONGC).L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, has bagged an offshore contract valued at Rs 894 crore from the Oil & Natural Gas Corporation ( ONGC) for additional development of the Vasai East project.
·Lupin gets USFDA approval for HIV drug Epivir Tablets
 Lupin has received US health regulator's approval to market a generic version of ViiV Healthcare's Epivir Tablets (generic name: Lamivudine tablets), used in treating HIV infection, in the US market.
Epivir tablets are indicated in combination with other antiretroviral agents for the treatment of human immunodeficiency virus ( HIV-1) infection. Epivir generates near US$39.7mn annually in US market.
·PM, FM, RBI governor to hold discussion with PSU Bank Chiefs
Prime Minister Narendra Modi along with FM Arun Jaitley, RBI Governor, Finance Secretary will hold discussions with chiefs of public sector banks on January 2nd and 3rd to work out an action plan for major reforms in the banking sector. Several issues are pending for PSU Banks like consolidation, capital raising, governance, asset Quality and some positive announcements may happened post the meeting. Therefore PSU Banks will be under focus over the next one week.

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Markets edge higher; metal stocks shine

• Today Indian Benchmark share indices extended gains following a firm opening led primarily by index heavyweights, information technology and metal stocks.
• The 30-share Sensex was up 188 points at 27,430 and the 50-share Nifty was up 56 points at 8,257.
• In the broader market, BSE Mid-cap index is moving in-line with the front-liners with a gain of 0.6% while the Small-cap index is performing marginally lower with a gain of 0.4%.
• TVS Motor may go upto Rs 275-285.
• BSE Metal, Power, Realty and Auto indices have gained over 1% and are leading the gains followed by BSE IT, FMCG and Healthcare indices which have gained around 0.9% each.
• Index heavyweights like Infosys, ITC, mortgage finance lender HDFC and ICICI Bank have gained close to 1% in opening deals.
• From the IT pack, TCS and Wipro too have gained close to 1%.
• BHEL has gained over 1% amid media reports that the PSU engineering major is eyeing opportunities in Mozambique and Laos.
• Sesa Sterlite has gained around 2% while Tata steel  and Hindalco have gained over 1% each. 

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INDIAN EQUITY MARKET OUTLOOK-29 DEC 2014

• INDIAN BENCHMARKS are likely to open on a flat to positive note as the global cues look mixed. SGX Nifty is trading 27.00 points higher.
• FURTHER,  Lupin eyes acquisitions in US, Europe.
• KFA's 2-year term to renew its flying permit expires on Dec 31.
• Sumitomo Mitsui may take up to 10% stake in Reliance Bank.
• Trend in FII flows: The FIIs were net buyers of Rs 39.97 cr in the cash segment on Friday while the DIIs were net buyers of Rs. 417.29 cr, as per the provisional figures released by the NSE.

For accurate stock and commodity tips please visit http://www.capitalstars.com/or call at +917316790000,6669900

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CS ROCKING PERFORMANCE OF THE DAY-26 DEC 2014

STOCK FUTURES:

FUTURES INTRADAY

ORIENTAL BANK  FUTURE BUY  CALL  3 TG 

UNION BANK  FUTURE  BUY  CALL 2 TG

BANK OF INDIA  FUTURE  BUY CALL 2 TG

IGL  FUTURE SELL BUY CALL  1 TG

RECLTD  FUTURE   BUY CALL 1 TG

PREMIUM FUTURES

UNION BANK FUTURE  1 TG

NIFTY FUTURES:

OPTION:

CANARA BANK  BUY  440  CALL 1 TG

UNION BANK  BUY 230   CALL 1  TG

OPTION PREMIUM:

STOCK CASH:

STOCK CASH INTRADAY:

ALSTOMT&D BUY CALL 1 TG (BOOKED AT 477.75)

CANARA BANK BUY CALL 1 TG (BOOKED AT 448.40)

ACC (WEDNSDAY HOLD) BUY CALL 1 TG (BOOKED AT 1411)

STOCK CASH PREMIUM:

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INDIAN EQUITY MARKET WRAPUP - 26 DEC 2014

INDIAN BENCHMARKS , Dalal Street on a tight Leash: Low volumes, Marginal gains
INDIAN EQUITY BENCHMARKS closed higher on snapping a two-day losing streak, led by technology stocks such as Infosys on a weaker rupee while broader sentiment was tepid as investors kept away from risky bets ahead of the year-end holidays. The S&P  BSE Se nsex and CNX Nifty ended 0.12%-0.33% higher each.

• VA Tech Wabag gained 1.19%, after the company announced that it has won World Bank funded sewage treatment plant order worth Rs175 crore in the Philippines.
• Zensar Technologies surged 7.68%, after the company announced significant multimillion dollar deals in its Infrastructure Management Business in the US in Dec 2014
• DB Realty surged 8.76% after the company said that a development project by its subsidiary received full occupation certificate.

The crucial resistance for Nifty is now seen at 8370 and above this 8475. Support for the immediate term is now placed at 8205 and next support will be 8125.

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TOP CORPORATE NEWS-26 DEC 2014

·GSFC drops after RBI restricts FII buy
Gujarat State Fertilizers & Chemicals (GSFC) rose nearly 2%, touching to Rs110.75, after the Reserve Bank of India placed restrictions on further purchases of shares of the company by registered foreign portfolio investors. The Reserve Bank of India  on Wednesday, (Dec 24, 2014), notified that the foreign shareholding through Foreign Institutional Investors ( FIIs)/Registered Foreign Portfolios Investors in Gujarat State Fertilizers & Chemicals has reached the trigger limit.
·Zensar Tech rises on securing multi-million dollar deals
Zensar Technologies gained over 9%, touching to Rs634.35, after the information technology (IT) company announced that it has signed multi-million dollar deals in its infrastructure management business in the US in the concluding month of calendar year 2014.
·Eros International adds one big budget movie for FY16 slate
Eros International: Added one big budget and a small budget movie for FY16 slate. Eros International has acquired the Global Distribution Rights of Zoya Akhtar’s ‘ Dil Dhadakne Do’ and Karan Anshuman’s ‘Bangistan’. Eros will release ‘Bangistan’ on 17th April, 2015 and ‘ Dil Dhadakne Do’ on 5th June, 2015 in the international markets.
·Corporation Bank rises on fixing record date for stock split
Shares of Corporation Bank gained over 4%, touching to Rs331, after the bank set 23 January 2015 as the record date for 5-for-1 stock split. Corporation Bank's board of directors at its meeting held on 8 August 2014 had approved a 5-for-1 stock split.
·RIL inks deal with Mitsui O.S.K. Lines
Reliance Industries Ltd ( RIL) has announced that the Company has signed shipping agreements with MITSUI O.S.K Lines (MOL) for transporting Liquefied Ethane from North America to India. MOL will supervise the construction of six Very Large Ethane Carriers (VLECs), ordered by Reliance. MOL will also operate and manage the vessels after they are built and delivered.
·PNB up on fund raising approval
Shares of Punjab National Bank  rose over 2%, touching to Rs224.4, after the bank said its board approved seeking shareholder approval for raising of equity capital by way of FPO/ QIP/ ESPS or in any combination thereof. Punjab National Bank  said that the board of directors of the bank at its meeting held on Dec 23, 2014, has approved the holding of EGM on February 13, 2015, for election of three shareholder directors of the bank and seeking shareholder approval for raising of equity capital by way of FPO/ QIP/ ESPS or in any combination thereof.
·Power Grid surges on buzz of new transmission projects
Shares of Power Grid Corporation of India rose over 2%, touching to Rs139.7, on media buzz that power ministry has invoked a provision in the relevant CERC rules to give eight new transmission projects with an estimated cost of Rs 36000 crore to PGCIL.
·Spice Jet spurts 8% on revival plan reports
Shares of Spice Jet rose over 10%, touching to Rs19.5, on media reports that cash-strapped aviation firm will provide a revival plan to the ministry of civil aviation today. Ajay Singh, former promoter and director of Spice Jet, along with a consortium of foreign investors, was scheduled to give a proposal in this regards,
a private-equity unit of JP Morgan and Ajay Singh, who quit as a director of the airline in 2010, plan to buy the entire stake held by majority shareholder Kalanithi Maran.

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STOCK MARKET TRADING FLAT; ITC, HERO MOTO CORP DOWN 1%

• Market remained flat amid range bound trades as gains in bank shares helped offset most of the losses in FMCG and auto shares. However, selling by foreign funds continued to weigh on market sentiment.
• The 30-share Sensex was down 2 points at 27,206 and the 50-share Nifty was up 9 points at 8,183.
• The Indian rupee was weak because of month-end dollar buying, and is trading at 63.62 to the dollar compared to the previous close of 63.52.
• The broader market outperformed the benchmarks with BSE Mid-cap and Small-cap indices up 0.3-0.4% each.
• BSE FMCG index was the top loser down 0.8% followed by Auto, Oil and Gas indices. 
• Bankex and Capital Goods indices were among the top sectoral gainers.
• FMCG majors witnessed profit taking with ITC and HUL down 1-1.4% each.
• Reliance Industries pared early gains and was down 0.2%. 
• Infosys, L&T and Sun Pharma were among the other Sensex gainers.
• In the auto segment, Tata Motors, Hero MotoCorp, M&M, Bajaj Auto and Maruti Suzuki were down 0.2-0.9% each.
• Shares of edible oil maker Ruchi Soya Industries has rallied 6% to Rs 37.55 on NSE on reports that the government has hiked import duty on both crude and refined edible oil by 5%.
• Shares of Reliance Capital BSE 0.66 % moved higher in trade after Japan's Sumitomo Mitsui Trust Bank bought 2.8 per cent stake in the company for Rs 371 crore.

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INDIAN EQUITY MARKET OUTLOOK-26 DEC 2014

1. INDIAN BENCHMARK are likely to open on a flat to positive note as the global cues look mixed. SGX Nifty is trading 10.50 points higher.
2. FURTHER, MTNL launches app for registering complaint, bill payment.
3. Orchid Sumitomo Mitsui to take $58.4 mn stake in Reliance Capital.
4. JPMorgan fund in talks on taking $200 mn stake in Spice Jet.
5. Trend in FII flows: The FIIs were net sellers of Rs -2808.27 cr in the cash segment on Friday while the DIIs were net buyers of Rs.509.09 cr, as per the provisional figures released by the NSE.

For More Details visit:->http://www.capitalstars.com/
Call us to:+917316790000,6669900 

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INDIAN EQUITY MARKET WRAPUP -24 DEC 2014

INDIAN BENCHMARKS fall over 1 pct ; China , derivatives expiry weigh
INDIA EQUITY BENCHMARKS   fell over 1% to mark a second consecutive session of declines on Thursday after blue-chips such as Housing Development Finance Corp tracked falls in Chinese stocks and the expiry of monthly derivatives contracts. The S&P BSE Sensex and CNX Nifty ended 1.08%-1.12% lower each.
.Opto Circuits spurts 16% on Cabinet nod for easing FDI norms
·November all India telecom net adds grow by 1.24%
·Bharati Shipyard surges in weak trend
The crucial resistance for Nifty is now seen at 8305  and above this 8375. Support for the immediate term is now placed at 8215 and next support will be 8140.

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CS ROCKING PERFORMANCE OF THE DAY - 24 DEC 2014

STOCK FUTURES:

FUTURES INTRADAY

LIC HSF FUTURE BUY CALL 2TG

HINDALCO  FUTURE SELL CALL 2 TG( BOOKED AT 149.95)

SUN TV FUTURE BUY CALL BOOKED AT 376.60

RELIANCE CAPITAL FUTURE BUY CALL EXIT AT 496

PREMIUM FUTURES

EICHER MOTORS FUTURE BUY CALL SL TRIGRRED

NIFTY FUTURES:

BANK NIFTY FUTURES SELL CALL 1TG

NIFTY FUTURES SELL CALL EXIT NEAR COST PRICE

OPTION:

RELIANCE CAPITAL 480 CALL 1TG

OPTION PREMIUM:

STOCK CASH:

STOCK CASH INTRADAY:

JUBLFOOD BUY CALL SL TRIGRRED

ACC BUY CALL HOLD FOR FRIDAY

STOCK CASH PREMIUM:

CENTURY TEXTILE FUTURE BUY CALL COST EXIT

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TOP CORPORATE NEWS -24 DEC 2014

·Cabinet approves ordinance for Insurance FDI; stocks rally
The Union Cabinet has approved the ordinance for Insurance FDI and Coal block allocations. This is positive for insurers like Max India, Bajaj Finserv, Reliance Capital, Exide.
Shares of companies engaged in insurance business rose by up 4% after the Union Cabinet clears the Insurance Laws Amendment Bill.
·Alstom T&D secures order for Rs180 crore from NTPC
Alstom T&D India secured an order worth around Rs180 crore from NTPC  to supply a 765 kV switch yard at the 2x800 MW Darlipalli super thermal power project (STPP) in Sundergarh district of Odisha.
Alstom T&D India will design, engineer, manufacture, install and commission eleven 765kV bays and fourteen 132kV bays. Positive for Alstom T&D.
·JP Associates board approves disinvestment of two cement units
 Jaiprakash Associates has announced that the Board of Directors of the Company at its meeting held on December 23, 2014 has approved the disinvestment of cement units to UltraTech Cement. The board has approved the Memorandum of Understanding setting out the broad terms and conditions of the proposed acquisition. The enterprise value of this acquisition has been agreed at Rs5400 crore.The transaction is subject to customary due diligence, definitive agreements and regulatory approvals as may be required. The disinvestment is in line with the Jaypee Group's publicly announced policy of bringing down JAL's debt and improving its balance sheet.
·Electrosteel Castings board approves to offload shares in associate firm
Shares of Electrosteel Castings rose over 3% touching Rs18.25, after the company said its board approved to offload 7.20 lakh equity shares of the company's investment in an associate company.
Electrosteel Castings' board of directors at its meeting held today, (December 24, 2014), approved to offload 7.20 lakh equity shares of the company's investment in Singardo International Pte., an associate company of Electrosteel Castings.
·Panacea Biotech collaborates with international pharmaceutical company
Panacea Biotech has entered into a collaboration with a leading international pharmaceutical company for the development and supply of an immunosuppressant generic product in USA. The collaboration has been established on December 23, 2014 for research, development and subsequent ANDA submission for a generic immunosuppressant drug. Under the terms of the agreement, the Company shall receive an upfront Research Fee, as well as a milestone payment linked with the development of the product.
·Essel Propack receives approval to merge EP Lamitubes
Essel Propack received approval to merge EP Lamitubes (wholly owned subsidiary of Essel Propack) from Bombay high court. The merger will cut administrative cost related to overseas investments and help improve profits. The company is also planning to undertake more restructuring to improving profitability in near to medium term – positive read through for the stock
·GAIL, RCF, CIL and FCIL sign JVAs to revive fertilizer plant at Talcher, Odisha
GAIL (India) announced that the Company along with Coal India Ltd ( CIL), Rashtriya Chemicals and Fertilizers ( RCF)and Fertilizer Corporation of India signed joint venture agreements to set up an integrated Coal Gasification cum Fertilizer and Ammonium Nitrate Complex at Talcher in Odisha. The project comprises of 3,850 MTPD Urea plant, 2,700 MTPD Ammonia plant, 850 MTPD Nitric Acid plant and 1,000 MTPD Ammonia Nitrate plant. GAIL (India) will put up the Coal gasification plant and RCF and CIL will put up the other downstream plants of ammonia, urea, nitric acid and ammonia nitrate.
Subsequent to detailed feasibility study, execution of construction activities is likely to start in year 2015-16 and expected to complete by the year 2019.
·Bharati Shipyard surges in weak trend
Shares of Bharati Shipyard rose over 15%, touching to Rs 38.75, on buzz that the company is looking to raise funds upto Rs 634 crore from foreign investors by April in an effort to infuse liquidity into the cash-strapped ship builder.


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INDIAN EQUITY MARKET OUTLOOK-24 DEC 2014

• INDIAN BENCHMARK  are likely to open on a flat note as global cues look mixed. SGX Nifty is trading 1.00 point lower.
• FURTHER, Cipla gets Rs1,100 cr South African order for HIV drugs.
• Tata Realty to buy majority stake in Madhucon's Agra-Jaipur road project.
• Exide Industries: Lower costs, demand recovery to improve margins.
• Trend in FII flows: The FIIs were net sellers of Rs - 444.93 cr in the cash segment on Tuesday while the DIIs were net buyers of Rs. 516.34 cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-23 DEC 2014

STOCK FUTURES:

FUTURES INTRADAY

VOLTAS LTD  FUTURE SELL CALL 2 TG

GRASIM  FUTURE  BUY  CALL 2 TG

SUN TV  FUTURE  BUY CALL 1 TG

HINDALCO  FUTURE SELL CALL  COST EXIT

PREMIUM FUTURES

NIFTY FUTURES:

BANK NIFTY FUTURE  SELL  CALL 3 TG

NIFTY FUTURE  SELL  CALL  2  TG

OPTION:

WOCK PHARMA  BUY  960  CALL 3 TG

NTPC   BUY 140  CALL 1  TG

OPTION PREMIUM:

STOCK CASH:

STOCK CASH INTRADAY:

WOCKPHARMA BUY CALL 1 TG

TATACOMM  BUY CALL 1 TG (BOOKED AT 446.50)

AMARAJABATERRY SELL CALL 1 TG

GUJRATGAS  BUY  CALL COST EXIT

STOCK CASH PREMIUM:

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INDIAN EQUITY MARKET WRAPUP -23 DEC 2014

INDIAN BENCHMARKS Profit Booking on D-Street: Nifty below 8300
INDIAN EQUITY BENCHMARKS snapped their three-day winning streak as blue-chips such as ICICI Bank fell on risk aversion after Chinese stocks posted their biggest daily drop in two weeks while caution prevailed a day ahead of the monthly derivatives expiry. The S&P BSE Sensex and CNX Nifty ended 0.71%-0.68% lower each.

• Jet Airways (India) surged 2.13%, after the company said it has successfully concluded a landmark five-year syndicated loan in the Middle East region for $150 million.
• Gujarat Pipavav Port advanced 5.96%, after the company entered into an arrangement with NYK Auto Logistics (India).
• Cipla rose 1.82%, after the company said that Cipla Medpro has been awarded R2 billion share of the South African Government's 2015-17 National ARV tender.

The crucial resistance for Nifty is now seen at 8385 and above this 8455. Support for the immediate term is now placed at 8215 and next support will be 8105.

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TOP CORPORATE NEWS-23 DEC 2014

·SKS Microfinance issues CPs aggregating Rs25 cr
SKS Microfinance announced that the Company issued Commercial Papers of an aggregate amount of Rs25 crore on December 19, 2014, which have been rated A1+ by a leading rating agency Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.
·Jet Airways successfully concludes a 5-year syndicated loan facility
Jet Airways has successfully concluded a five year syndicated loan facility of USD 150 million. The transaction was fully subscribed to, by banks spread across the Middle East region.
·Allahabad Bank board approves fund raising
Allahabad Bank announced that the Board of Directors of the Bank at its meeting held on Dec 22, 2014, have discussed and approved in principle the raising of capital of the Bank through preferential/ QIP issue in compliance with the applicable laws, rules and regulations, Govt. of India Guidelines and in such a manner that the equity shareholding of the Govt. of India shall not go below 52%.
·BOB up on fixation of Record Date
Bank of Baroda rose over 2%, touching to Rs1079.8, after the bank set January 23, 2015 as the record date for 5-for-1 stock split. Bank of Baroda has announced that January 23, 2015 has been fixed as the Record Date for determining the Shareholders of the Bank, who are entitled to receive the equity shares of the Bank upon the sub division/ reduction in the face value of ONE existing equity share of Rs10 each fully paid up into FIVE equity shares of Rs2 each fully paid up.
·RBI tightens regulations for 'non-cooperative' borrowers; + for PSU Banks
Reserve Bank India has allowed banks to classify defaulters, who deliberately stonewall efforts to recover their dues, as non-cooperative, which will stop further fund flow to such borrowers. The definition of non-cooperative borrowers to include all those who have the ability to pay but still thwart lenders’ efforts to recover dues, including by not providing necessary information for accounts. If any entity is reported as non-cooperative, any fresh exposure to such a borrower will by implication entail greater risk necessitating higher provisioning.
·HCL Tech: Q2FY15 revenues to get 2.1% negative impact
In a pre-quarter briefing note, HCL Technologies has indicated at 2.1% negative impact on reported USD revenues for Q2FY15, we expect reported revenues to be around 0.6% (QoQ) growth on reported basis, however on a constant currency basis the revenues expect to deliver 2.7% (QoQ) growth. However, on rupee term, QoQ growth expects to be around 2.4% led by 1.7% (QoQ) depreciation in rupee during the quarter.
·Alstom T&D secures order from NTPC
Alstom T&D India has secured an order worth around Rs1800 million from NTPC to supply a 765 kV switchyard at the 2x800 MW Darlipalli Super Thermal Power Project ( STPP) in Sundergarh, Odisha. The 765 kV switchyard will facilitate evacuate the 1600 MW of power produced by STPP to the state grid of Odisha.
·Cipla Medpro wins ARV tender for three years in South Africa
Cipla’s South African arm Cipla Medpro has won an ARV tender worth Rs1100 crore in South Africa. The contract would be effective from April 01, 2015 and will be valid for three years. Cipla Medpro contributed Rs774 crore of revenue in FY2014 for Cipla (8% of sales). The new tender has potential to see a 40% annual growth for Cipla Medpro in FY2016. We currently have Hold rating on the stock with a price target of Rs658.
·Yes Bank raises $ 200 mn Unsecured Loan from ADB
Yes Bank has successfully raised USD 200 million unsecured loan facility from the  Asian Development Bank. The loan will be used by Yes Bank to lend the Indian  rupee equivalent amount to finance working capital and investment loans targeted towards small farm households and rural women in Self Help Groups (SHGs).
Additionally,  ADB will also provide a Capacity Development Technical Assistance grant upto $ 1 million which will be used by Yes Bank towards capacity building, improving the financial literacy of women borrowers, and for leveraring. YES LEAP program for Agriculture value chain integration.
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CapitalStars Research Expert view on Commodity Market for the week -22 to 27 Dec 2014

PRECIOUS METALS:-

IN THIS WEEK WE HAVE SEEN RANGE BOUND MOVEMENT IN BOTH THE PRECIOUS METALS i.e. GOLD & SILVER. SILVER HAS SHOWN MORE BEARISHNES THAN GOLD AS IT HAS IMPACTED FROM BASE METAL AS WELL.

IN THE COMING WEEK, PRECIOUS METALS WILL TRADE MIXED TO LOWER AS PRESSURE OF RISE OF INTEREST RATE IN U.S. IS SURE TO HAPPEN. ALSO STRONG DOLLAR & WEAK OIL PRICES WILL FURTHER ACT AS NEGATIVE FACTOR.

GOLD FEB CAN MOVE DOWNWARD TO THE LEVELS OF 26200 & THEN 25800 BREAKING SUPPORTS OF 26500 & 26000. REISTANCES ARE AT 27360 & 27700 LEVELS.

COMEX MARKET SUPPORTS ARE AT 1165 OUNCE & 1176 OUNCE & RESISTANCE ARE AT 1219 OUNCE & 1240 OUNCE.

SILVER MARCH CONTRACT IS ALSO IN BEARISH PAHSE & EXPECTED TO COME DOWN TO 35100 TO 34500 BREAKING SUPPORTS OF 36100 & 34900 LEVELS.

RESISTANCES ARE AT 37800 TO 38050 & 39350 LEVELS.

COMEX MARKET SUPPORTS ARE AT 15.40 CENT & 14.70 CENT & RESISTANCE ARE AT 16.85 CENT & 17.65 CENT.

BASE METAL SEGMENT:-

IN THIS WEEK WE HAVE SEEN RANGE BOUND MOVEMENT IN COPPER FEB CONTRACT. IT HAS MADE HIGH OF 414.90 & LOW OF 401.25 LEVELS.

IN THE COMING WEEK TOO, WE WILL GOING TO SEE SOME UPWARD MOVEMENT TO THE LEVELS OF 415-418 LEVELS WILL GET RESISTANCE OF 421-424 LEVELS & THEN COME DOWN TO 407-404 & 398-396 LEVELS BREAKING SUPPORTS OF 405 & 400 LEVELS

COMEX MARKET SUPPORTS ARE AT 2.84 MT & 2.78 MT & RESISTANCE ARE AT 2.97 MT & 3.01 MT.

ENERGY SEGMENT:-

CRUDE OIL JAN CONTRACT DROPED NEARLY 50% OVER THE PAST 6 MONTHS ON WORRIES ABOUT FAST GROWING U.S.SHAIL OIL SUPPLIES & ACCELERATED AFTER OPEC’s DECISION OF  NOT TO CUT OUTPUT IN NOV 2014. THIS IS FURTHER INDICATING AN OVER-SUPPLIED MARKET & BLEAK DEMAND.

IN COMING WEEK, WE CAN SEE SOME  RECOVERY IN THE OIL & IT CAN MOVE UPWARD TO 3750 TO 3850-3880 LEVELS BREAKING RESIATANCE OF 3690-3710 LEVELS & WILL FACE MAJOR RESISTANCE AT 3900-3935 LEVELS & THEN CAN COME DOWN TO 3500 TO 3430 LEVELS BREAKING SUPPORTS 3570 & 3500 LEVELS.

IN NYMEX MARKET, CRUDE OIL HAVING SUPPORTS AT 54.71 BARREL & 51.44 BARREL. REISTANCES AT 60.13 & 62.28 BARREL.

MARKET HAS WITNESSED VOLATILE MOVEMENTS IN NATURAL GAS DEC CONTRACT. IN THE COMING WEEK, WE WILL WITNESS A VOLATILE SESSION DUE TO EXPIRY OF NATURAL GAS DEC CONTRACT. NATURAL GAS DEC CAN COME DOWN TO 215 - 212 & 208 LEVELS ON BREACHING SUPPORTS OF 218 & 211 LEVELS. AT 208 LEVELS, NATURAL GAS IS EXPECTED TO GET STRONG SUPPORT & UPWARD MOVEMENT TO 225 & 239 TO 251 LEVELS CAN BE SEEN TECHNICALLY. FUNDAMENTALLY, MORE THAN 48 STATES OF U.S. IS EXPERENCING MILD TO WARMER TEMPERATURE & IT WILL EXPECTED TO BE CONTINUE IN COMING WEEK TOO. Moderate winter temperatures in the past week or so are expected to give way to colder temperatures beginning next week.

IN NYMEX MARKET, NATURAL GAS HAVING SUPPORTS AT 3.19 & 3.00 MMBTU. RESISTANCES ARE AT 3.74 & 4.11 MMBTU.

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INDIAN EQUITY MARKET OUTLOOK-23 DEC 2014

• INDIAN BENCHMARK may open tad higher today tracking a mixed trend in fellow Asian stocks as investors chose to stay on the sidelines ahead of key US economic data today including Q3 GDP numbers, goods and orders and housing data which may offer fresh cues over the health of the world’s biggest economy.                 
• FURTHER, Bhushan Steel's promoters among 260 entities barred by Sebi.
• Orchid Pharma allots Rs73 cr shares to promoter group firm.
• Jet Airways raises $150 mn foreign loan.
• Trend in FII flows: The FIIs were net sellers of Rs -335.24 cr in the cash segment on Tuesday while the DIIs were net buyers of Rs.389.12 cr, as per the provisional figures released by the NSE.

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