INDIAN EQUITY MARKET WRAPUP-30 APRIL 2015

INDIAN BENCHMARKS fall to near four-month closing low

INDIAN EQUITY BENCHMARKS fell for the third straight week on Thursday to their lowest level in nearly four months, led by declines in blue chips as the monthly derivative contract expired. The S&P BSE Sensex and CNX Nifty ended 0.79-0.71% lower each.

Headlines for the day:

Godrej Properties Q4 consolidated net profit at Rs51 cr (YoY)

Marico Q4 Consolidated net profit up 24% (YoY)

Exide Inds Q4 net profit up 4%; Misses Estimates

Shriram Transport Q4 consolidated net profit at Rs84 cr (YoY)

The crucial resistance for Nifty is now seen at 8325 and above this 8375. Support for the immediate term is now placed at 8150 and next support will be 8085.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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TOP CORPORATE NEWS-30 APRIL 2015

·Cabinet approves Rs1 lakh crore for urban renewal plan
The Union Cabinet on Wednesday cleared a project to develop 100 smart cities and rejuvenate another 500 in the country allocating close to Rs1 lakh crore for a period of five years. While Rs48000 crore has been allowed for 100 smart cities and another Rs50,000 crore for Atal Mission for Rejuvenation and Urban Transformation (AMRUT). Each city would get Rs100 crore every year from the centre balance being from the states, urban bodies and the consortium that they form with corporate entities.
·RBI's external committee in favoured rate cuts
As per the RBIs technical advisory report ,four members out of total 7 members had recommended the RBI cut interest rates again (ahead of April 7 policy meeting), with two members suggesting easing by 50 basis points because of slowing economic growth. While TAC does not have any voting powers on rate decisions there is overwhelming bias towards further reduction in rates. This is sentimentally positive for banking sector.
· SKS Micro issues commercial papers amounting Rs200 cr
SKS Microfinance has announced that Company has issued Commercial Papers of an aggregate amount of Rs200 crore on April 29, 2015, which has 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 lowest credit risk.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ·Supreme Infra bags EPC work from Damodar Valley
Supreme Infrastructure India has announced that the Company has bagged the EPC work of Rs134.22 crores from Damodar Valley Corporation ( DVC) for the Construction of Bridge on River Konar along with its approach road etc. including Road over Bridge (ROB) on Gomoh-Barkakana Railways line at BTPS, DVC, Bokaro.
·Govt hikes import duty on Sugar to 40%
The Union Cabinet chaired by the Prime Minister, Narendra Modi, on April 29, 2015, gave its approval to increase import duty on sugar from 25% to 40%.In order to improve the price sentiments relating to sugar, the Government has decided to increase the duty on import of sugar under the Open General License (OGL) to 40%, as against the current level of 25%. This would prevent any imports in case international prices of sugar were to depress further.
· Govt raises defence industrial licence validity to 7 yrs
Government raises licence validity in defence to 7 years with a provision for further extension of 3 years this is line with government commitment to ease of doing business and boost defence manufacturing.
Government has also consider long gestation period of defence contracts to mature. Earlier, the validity of such licence for the defence sector was for three years, and extendable up to seven years.
· Bosch to replace IDFC in CNX Nifty
The Index Maintenance Sub-Committee of the NSE yesterday, (April 29, 2015) announced exclusion of IDFC as a constituent from the 50-unit CNX Nifty Index and inclusion of Bosch in its place as a constituent in the index. The Index Maintenance Sub-Committee of the NSE said these changes shall become effective from May 29, 2015.
·ONGC strikes oil, gas in KG Basin: + for the stock
State Owned Oil and Natural Gas Corporation (ONGC) said it has made another significant oil and gas discovery in its Krishna Godavari basin deepwater block KG-D5, which sits next to Reliance Industries' flaging KG-D6 area. During testing, the well flowed oil at a rate of about 3,160 barrels per day and gas at a rate of about 3.19 lakh cubic meters a day.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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SENSEX, NIFTY DRAG 1%; RUPEE WEAK, INFRA & FMCG STOCKS SKID

The market is slipping away, as the Sensex is down 295.90 points or 1 percent at 26930.03. The Nifty is down 85.35 points or 1 percent at 8154.40. 
Bharti, Tata Power, HDFC, Coal India and Dr Reddy's Labs are among major laggards while Axis Bank, Vedanta, Cipla, Reliance and ONGC are top gainers in the Sensex. 
The rupee pared its initial losses, but was still down by 17 paise at 63.47 against the American currency in late morning trade on sustained bouts of month-end dollar demand from banks and importers amid weak equities. The dollar was lower against its major rivals in early trade over the doubts about the strength of the US economic recovery.
HDFC standalone profit increased 8% year-on-year to Rs 1,862.43 crore in March quarter, impacted by deferred tax liability. The stock is down 2.6%.
Bharti Airtel continues to lose sheen on the bourses after the consolidated net profit fell 12.6% to Rs 1255.3 crore in the March quarter compared with Rs 1436.5 crore in the December quarter. The stock dropped 3.5%
Axis Bank was the top Sensex gainer up over 4% on robust March quarter earnings. The private lender reported an 18% increase in the March quarter net profit at Rs 2,181 crore, driven by a jump in core income.
Shares of Vedanta ( Sesa Sterlite) pared early losses and are up 0.9%. The company posted a steep fall of 72.5% in adjusted profit at Rs 491 crore for the quarter ended March 2015 as compared to profit of Rs 1,788.65 crore in the corresponding period previous year.
IT exporters were trading with losses after lower-than-expected first quarter US GDP data. Most of these companies earn a majority of their revenues from exports to the US. Infosys, TCS and Wipro were down 0.5-0.8% each.
Auto shares were also subdued ahead of their April sales numbers which are due for release from tomorrrow. Tata Motors, M&M, Hero MotoCorp and Bajaj Auto were down 0.7-2% each.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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INDIAN EQUITY MARKET OUTLOOK-30 APRIL 2015

 
INDIAN BENCHMARKS indices are likely to witness another volatile trading session ahead of the April future & options (F&O) expiry due later today. SGX Nifty trading is 34.50 points lower.     
Results on April 30, 2015
PMC Fincorp, Oberoi Realty, IDFC, Polaris Consulting, Godrej Properties, Marico, Shriram Transport, HCC, Alstom T&D, Coromandel Intl, Exide, Atul
Major Headlines of the day:
Raymond Q4 profit jumps over two folds to Rs 21.47 cr.
Essel Propack Q4 net up 66% at Rs 45 cr.
ONGC announced four new discoveries in Q4FY15.
Trend in FII flows: The FIIs were net  sellers of Rs  -718.31 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs  912.46  Cr, as per the provisional figures released by the NSE.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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CS ROCKING PERFORMANCE OF THE DAY-29 APRIL 2015

STOCK FUTURES:

FUTURES INTRADAY

IDEA  FUTURES  SELL CALL 3 TGT 

AXIS BANK FUTURES BUY CALL 2 TGT

UPL LTD  FUTURES  BUY  CALL 1 TGT

SSLT  FUTURES  SELL  CALL SL TRIGERRED

PREMIUM FUTURES

NIFTY FUTURES:

NIFTY  FUTURES  SELL  CALL 1 TGT

OPTION:

ICICI  BANK  325 CALL   BUY CALL 1 TGT 

OPTION PREMIUM:

NIFTY CALL  8250  BUY CALL SL TRIGERRED 

STOCK CASH:

STOCK CASH INTRADAY:

TVS  MOTORS  BUY  CALL 2 TGT

RAJESH EXPORTS BUY CALL  1 TGT

ICICI BANK  BUY CALL  1 TGT (BOOKED AT 334.35)

UPL  BUY CALL  SL TRIGERRED

STOCK CASH PREMIUM :
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. 

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INDIAN EQUITY MARKET WRAPUP-29 APRIL 2015

INDIAN BENCHMARKS fall in cautious trade ahead of derivatives expiry
INDIAN EQUITY BENCHMARKS  fell on Wednesday, dragged down by heavyweights such as Housing Development and Finance Corp and Bharti Airtel after their quarterly earnings fell short of expectations. The S&P BSE Sensex and CNX Nifty ended 0.62-0.55% lower each.
Results on April 30, 2015
PMC Fincorp, Oberoi Realty, IDFC, Polaris Consulting, Godrej Properties, Marico, Shriram Transport, HCC, Alstom T&D, Coromandel Intl, Exide, Atul           
Headlines for the day:
Axis Bank Q4 meets street estimates; Standalone net profit up 18% (YoY)
Federal Bank Q4 earnings see flattish growth
DHFL Q4 meets street; FY15 in line
Shree Cements Q3FY2015: High operating cost dent earnings
The crucial resistance for Nifty is now seen at 8355 and above this 8395. Support for the immediate term is now placed at 8185 and next support will be 8125.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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TOP CORPORATE NEWS-29 APRIL 2015

·Bharat Forge, Punj Lloyd in race to make anti-aircraft guns
Bharat Forge and Punj Lloyd have emerged as the contenders for a mega contract from the Indian army to manufacture and supply anti-aircraft guns. The project involves supply of 1,102 air defence guns over the next 15 years with an estimated cost of Rs16,800 crore. The trial for the guns are expected to take 2-3 years after which the contract would be awarded.
·Bajaj Auto targets 35% growth in domestic motorcycle segment
Bajaj Auto management is targeting a growth of 35% in the domestic motorcycle segment during the current fiscal. The management has pinned hopes on the launch of the new CT100, Platina electric start and range of Pulsar variants to drive growth. The company is also expected to launch a new brand in the executive segment.
·Petronet LNG gets approval from Enviroment & Forest Ministry
The Ministry of Environment and Forests has given green clearance to Petronet’s proposed liquefied natural gas terminal at Gangavaram Port in Andhra Pradesh. The terminal will have facilities for receiving, storage and regasification of LNG with an initial capacity of 5 million tonnes a year. PLNG will develop the project in partnership with Gangavaram Port Ltd on the east coast close to Visakhapatnam, with an investment of about Rs4,500 cr.                 ·Sun Pharma gets USFDA approvals for painkiller oxymorphone
Sun Pharma has got USFDA’s approvals to market oxymorphone hydrochloride extended release tablets, which is a generic version of Opana ER. Endo's Opana ER is a long-acting narcotic drug used to treat moderate and severe pain. Opana ER is generating annual sales of US$300mn. We have Buy rating on Sun pharma.
·Motherson gets biggest ever order from Daimler; stk up
Motherson Sumi Systems rose over 7%, touching to Rs499, after the company said it has received its biggest ever order from the Germany car maker Daimler for an disclosed amount. The global automotive supplier Motherson Sumi Systems Ltd. (MSSL) through its subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has received a significant set of orders for the supply of a range of exterior and interior systems for several future Mercedes-Benz vehicle generations.
·Kalpataru Power receives new orders of Rs765 cr; stk up
Kalpataru Power Transmission rose nearly 5%, touching to Rs239.9, after the company announced that it has received new orders in the power and infrastructure contracting sector worth around Rs765 crore.
The first order worth Rs443 crore is for laying of transmission lines in Ajmer and pipeline laying projects worth Rs35 crore from Gail (India), the company said.
·PFS collaborates with IFC for financing renewable energy projects
PFS has signed IFC’s master cooperation agreement to provide much-needed infrastructure financing for renewable energy projects in India. This cooperation will enable PFS to access funds at competitive rates and will help it capitalize opportunities in the renewable energy segment. We continue to have positive view on the stock (price target Rs90).

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

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SENSEX , NIFTY MARGINALLY LOWER; AXIS BANK SURGES, HDFC DOWN

The market continued to see marginal selling pressure in morning trade. The Sensex fell 46.12 points to 27350.26 and the Nifty slipped 18.40 points to 8267.20, dragged by technology stocks, and HDFC & ITC. The BSE Midcap and Smallcap indices outperformed benchmarks, rising 0.2 percent and 0.9 percent, respectively. About 1150 shares have advanced, 570 shares declined, and 120 shares are unchanged on the BSE. Shares of HDFC, ITC, TCS, Tata Motors and Vedanta fell 1-2 percent followed by SBI, Infosys, M&M and Bharti Airtel with marginal losses. However, Axis Bank topped the buying list on Sensex, up over 2 percent ahead of Q4 earnings. 

The FMCG and IT sectors are continuing their recent weakness, while the pharma sector is seeing buying interest this morning.
In the FMCG space, ITC and United Spirits have shed between 1% and 2% each; Hindustan Unilever is, however, bucking the weak trend and has gained 1% at Rs 867.
In the IT space, Infosys and TCS have shed between half a percent and 1% each. On the other hand, the pharma space is in good health this morning. Wockhardt has soared by more than 3% at Rs 1282 after nose-diving by around 25% in the past two sessions, in a case of bottom fishing post the fall.
Telecom shares are trading lower post their March quarter earnings. Bharti Airtel has shed 0.9% at Rs 398 despite reporting a 30.5% growth in net profit at Rs 1,255 crore for the quarter ended March this year, owing to growth in data revenue.
Idea Cellular is also trading flat, with a negative bias, at Rs 191 after its consolidated profit after tax increased 60% to Rs 942crore for the fourth quarter ended March 2015 against Rs 589.8 crore for the same quarter March 2014.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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INDIAN EQUITY MARKET OUTLOOK-29 APRIL 2015

INDIAN BENCHMARKS  are likely to open on a negative note as the global cues look un supportive with SGX Nifty trading 7 points lower.       
Results on April 29, 2015
Biocon, Gateway Distriparks, Hexaware, TVS Motor, Federal Bank, Dewan Housing, Kajaria Ceramics, Shree Cement, Sesa Sterlite, Raymond, Sanofi India, HDFC, Ambuja Cement.
Headlines for the day:
Sterling Holiday posts turnaround with adjusted PAT of Rs2.4 cr for Q4.
PFS collaborates with IFC for financing renewable energy projects.
Kalpataru Power wins orders worth Rs765 Crore.
Trend in FII flows: The FIIs were net  sellers of Rs -1532.84 Cr in the cash segment on Tuesday while the DIIs were net buyers of Rs  1537.08 Cr, as per the provisional figures released by the NSE.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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CS ROCKING PERFORMANCE OF THE DAY -28 APRIL 2015

STOCK FUTURES:

FUTURES INTRADAY

WOCK PHARMA  FUTURES  SELL CALL 3 TGT 

SKS MICRO FINANCE FUTURES BUY CALL 2 TGT

ITC  FUTURES  SELL  CALL 2 TGT

PREMIUM FUTURES

NIFTY FUTURES:

OPTION:

MARUTI CALL  3750  BUY CALL 3 TGT 

ICICI BNK CALL 310  BUY  CALL 2 TGT

NIFTY CALL 8250    BUY  CALL 2 TGT

OPTION PREMIUM:

ICICI BANK CALL  320  BUY CALL 2 TGT 

STOCK CASH:

STOCK CASH INTRADAY:

UPL  BUY  CALL 3 TGT

MARUTI BUY CALL  3 TGT

BPCL BUY CALL  1 TGT

STOCK CASH PREMIUM :

GLENMARK  PHARMA  SELL CALL 2 TGT

JUST DIAL SELL CALL COST EXIT
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. 

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INDAIN EQUITY MARKET WRAPUP-28 APRIL 2015

INDIAN BENCHMARKS rise about 1 pct, rebounding from 3-1/2 month closing low
INDIAN EQUITY BENCHMARKS  rose about 1% on Tuesday, recovering from their lowest close in 3-1/2 months in the previous session, as blue-chip stocks such as ICICI Bank surged on value-buying. The S&P BSE Sensex and CNX Nifty ended 0.81-0.87% higher each.
Results on April 29, 2015
Biocon, Gateway Distriparks, Hexaware, TVS Motor, Federal Bank, Dewan Housing, Kajaria Ceramics, Shree Cement, Sesa Sterlite, Raymond, Sanofi India, HDFC, Ambuja Cement.
Headlines for the day:
Godrej Consumer Q4 earnings Subdued.
Welspun Corp Q4 consolidated net profit at Rs144 cr (YoY).
BoI to raise $750 mn through bonds.
The crucial resistance for Nifty is now seen at 8355 and above this 8395. Support for the immediate term is now placed at 8185 and next support will be 8125.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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TOP CORPORATE NEWS- 28 APRIL 2015

·Hyderabad High Court orders notice to Reliance Industries
Hyderabad High Court ordered notices to Reliance Industries and Mukesh  Ambani yesterday, in connection to a land acquisition case in Godavari district – sentimentally negative.
·Godrej Consumer Products is in buyout mode in Africa
Godrej Consumer Products is in buyout mode in Africa; acquired five companies in the region over the span of 10 years and is scouting for more strategic buyouts to enhance the growth synergies – sentimentally positive for the stock.
·Wockhardt drops on recall of drugs from US market
Wockhardt dipped over 11%, touching to Rs1181, after the company decided to recall all the remaining batches in the US market that were manufactured from two of its plants prior to the US FDA import alerts issued to these plants. Wockhardt announced that during the last US FDA cGMP inspection of the facilities at L1- Chikalthana and Waluj in Aurangabad, Maharashtra, some observations were reported pertaining to batches of some products manufactured prior to the US FDA Import Alerts.                  

·Power Grid acquires two transmission units
Power Grid Corporation of India announced that pursuant to its selection as the successful bidder under the Tariff based competitive bidding, has on 24 April 2015 acquired Gadarwara (A) Transco and Gadarwara (B) Transmission, the respective project SPVs to establish transmission system with Gadarwara STPS (2x800MW) of NTPC (Part A) and transmission system with Gadarwara STPS (2x800MW) of NTPC (Part B), on build, own, operate and maintain basis from REC Transmission Projects Company.
·RBI and other ministries to meet public sector banks today
As per media reports, the finance ministry, Reserve Bank of India and other key ministries such as road, power and shipping will meet public sector banks today to review the progress in some major infrastructure projects. The move can help remove the bottlenecks and fasten the execution in the road, power and shipping segments.
·Petronet LNG under govt lens over gas purchase agreements
Petronet LNG Ltd is under investigation for alleged irregularities in gas purchase contracts, the government had received complaints about alleged irregularities in some gas purchase contracts executed by Petronet. The complaints referred to Petronet’s LNG contracts to import 7.5 million metric tonnes per annum (mmtpa) from Qatar’s RasGas Co. Ltd and 1.44 mmtpa from ExxonMobil Corp.’s Gorgon project in Australia, according to a government statement.
·RBI rejects banks request to extend regulatory forbearance
As per media sources RBI has rejected a proposal by top bankers to extend the date of forbearance for provisions on restructured loans by another year. The withdrawal of the regulatory forbearance on restructured advances could lead to a sharp increase in banks’ gross NPAs resulting in higher provisioning. However RBI has clarified several times that it would not extend regulatory forbearance ( which ended in FY15 end) and hence it is  factored by markets.  

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

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SENSEX, NIFTY TRADING FLAT; HDFC BANK, BHARTI AIRTEL DIP OVER 1%

Benchmark indices are trading on a flat note while fluctuating in a narrow range as the losses in FMCG, information technology and select financials have wiped off the gains in private banks and select auto stocks.The market is still under pressure. The Sensex is down 56.25 points at 27120.74 and the Nifty is down 12.50 points at 8201.30. About 1264 shares have advanced, 1192 shares declined, and 157 shares are unchanged. ICICI Bank and Maruti are up 3-4 percent while BHEL, Hero Motocorp and Tata Motors are top gainers in the Sensex. Among the losers are ITC, GAIL, ONGC, L&T and Bharti Airtel.
The rupee strengthened by 12 paise at 63.36 against the US dollar in early trade at Interbank Foreign Exchange market today on increased selling of the American currency by exporters.
Tata Motors will launch GenX Nano hatchback on 2 May, 2015, according to media reports. The stock has gained 2%.
Axis Bank has launched Axis Bank-Suvidhaa Prepaid Card in partnership with Suvidhaa Infoserve which leverages the e-KYC platform for instant onboarding, cash deposit and withdrawal for the customer. The stock is up 1.5%.
Private forecaster Skymet has stuck to its earlier forecast of a normal monsoon this year. Tracking the news, tractor and two-wheeler manufacturers have gained, who are hoping that a good monsoon will bring the consumers back to the showrooms. Hero Motocorp , Bajaj Auto and M&M are trading higher up to 1%.
An appreciating rupee has casted its shadow on the IT shares. TCS, Infosys, Wipro are down between 0.7-1.5%.
Mortgage lender HDFC and Vedanta are down 1.2% and 0.5% each ahead of its March quarter earnings tomorrow.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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INDIAN EQUITY MARKET OUTLOOK-28 APRIL 2015

INDIAN BENCHMARKS  are likely to open on a negative note as the global cues look unsupportive with SGX Nifty trading 9 points lower.       

Results on April 28, 2015

Idea Cellular, Godrej Consumer, KPIT Technologies, Bharti Airtel, Welspun Corp, Shriram City Union, Tata Elxsi Headlines for the day

Headlines for the day:

Petronet LNG under govt lens over gas purchase agreements.

Shriram City Union Finance: Apax Partner to may pick 20% minority stake.

Geometric ltd: Disappointing earnings performance, stock to react negatively.

Trend in FII flows: The FIIs were net  sellers of Rs - 1749.33 Cr in the cash segment on Monday while the DIIs were net buyers of Rs  1667.54 Cr, as per the provisional figures released by the NSE.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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CS ROCKING PERFORMANCE OF THE DAY-27 APRIL 2015

STOCK FUTURES:
FUTURES INTRADAY
APOLLOHOSPITAL FUTURES SELL CALL 3 TGT 
STAR FUTURES SELL  CALL 3 TGT
WOCK HARD PHARMA SELL CALL 3 TGT
STAR FUTURES SELL CALL 3 TGT
PREMIUM FUTURES
MRF FUTURES SELL CALL 3 TGT 
NIFTY FUTURES:
OPTION:
BHARTI AIRTEL PUT  400 SELL CALL 3 TGT 
JSW ENERGY  PUT 110 SELL CALL 2 TGT 
OPTION PREMIUM:
STOCK CASH:
STOCK CASH INTRADAY:
HDIL  SELL  CALL 3 TGT
CENTURY TEXTILE SELL CALL  3 TGT
IDEA LTD BUY CALL COST EXIT
STOCK CASH PREMIUM :
MARUTI BUY CALL 3 TGT (BOOKED AT 3684)
HEXAWARE SELL CALL 1 TGT
IDEA CELLULAR BUY CALL SL TRIGERRED
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook.
 

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INDIAN EQUITY MARKET WRAPUP-27 APRIL 2015

INDIAN BENCHMARKS close at 3-1/2 month low; NSE falls below 200-DMA.

INDIAN EQUITY BENCHMARKS  closed at their lowest in more than three-and-a-half months on Monday, with the NSE index falling below its 200-day moving average for the first time in nearly 15 months, led by declines in blue chips on continued worries about retrospective taxes and lower-than-expected January-March earnings so far. The S&P BSE Sensex and CNX Nifty ended 0.95-1.10% lower each.

Results on April 28, 2015

Idea Cellular, Godrej Consumer, KPIT Technologies, Bharti Airtel, Welspun Corp, Shriram City Union, Tata Elxsi.

Headlines for the day:

Maruti surges as Q4 profit beats estimates on strong margins.

ICICI Bank drops as Q4 asset quality worsens; profits in-line.

Andhra Bank Q4 net profit more than doubles; Asset Quality Improves.

The crucial resistance for Nifty is now seen at 8350 and above this 8395. Support for the immediate term is now placed at 8185 and next support will be 8125.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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TOP CORPORATE NEWS -27 APRIL 2015

·JSPL to invest Rs20,000 cr in power business 
Jindal Steel & Power Ltd (JSPL) is looking to invest about Rs20,000 crore to add power generation capacity by 3300 MW over current capacity of 5300MW in next 5 years. This would be a major capex plan by any private power generator after a long time.
·Government in talks with auto makers for emission norms
Given the state of air quality in the cities, the government is in talks with automakers to advance the adoption of Bharat Stage V and VI emission norms by a year. Stage V norms could now be implemented by 2019 and Stage VI by 2023. Both the stage upgrades would each entail a cost increase of about Rs40,000 per vehicle. For the adoption of higher stages of emission norms, the automakers would have to invest in technology and engine up gradation. However, the supply of fuel from the refineries as per the higher norms remains the key bottleneck for faster adoption of emission norms. Bosch which is the leader in fuel injection systems stands to benefit from the shift to higher emission standards.
·Oil Ministry rejects Reliance Industries' arbitration notice
The Oil Ministry has rejected Reliance Industries' (RIL) latest arbitration notice challenging the government decision to take away 814 sq km of its KG-D6 gas block, as the ministry believes it was misconceived and untenable in law. Sentimentally negative for RIL.
·Coal Ministry may cap number of bids corporate can make for mine
As per media reports, in the next round of coal auctions, the Coal Ministry may cap the number of bids a corporate can make for a mine at one. In the first round of auctions, one group could not only put in more than bids but all or many could make it to the final list. Now, it will be just one bid from one group.
·Maruti surges as Q4 profit beats estimates on strong margins
Maruti Suzuki stock extends gains to over 3% to Rs3662 on NSE as Q4 profit is announced higher than forecast, up about 61%. The company says net sales 132.73 bln rupees vs 118.18 bln rupees yr ago
Maruti Suzuki says higher volumes, material cost reduction initiatives, favourable foreign exchange and lower sales promotion expenses contributed to the bottom-line during the quarter.
·Bank of Baroda reduces term deposit rates by 15-30 bps
Bank of Baroda has decided to revise the rates of interest payable on Term Deposits, applicable to the renewal of existing deposits and fresh deposits, with effect from April 27, 2015. The reduction  is in range of 15- 30 bps across several maturities which will help to reduce incremental cost of funds and increase margins. However focus in near term will be on asset quality trends in upcoming quarterly results.
·NTPC to enter PPA with AP Gov for 3000 MW solar plant
NTPC Limited is set to enter into Power Purchase Agreement (PPA) for its NP Kunta Ultra Mega Solar Power Project coming up in Anantapur district of Andhra Pradesh. NTPC plans to install 3000 mw of solar PV capacity during 2015-16. Also the company has launched a single-window system to deal with the procurement needs of the power plants across the country to replace its current plant-wise tender process being practiced so far. The new system will create a win-win situation for both the vendors and company.
·Cipla backed-Stempeutics Research gets Chinese Patent
Bengaluru-based Stempeutics Research, which is backed by Cipla and Manipal Education and Medical Group,  has been granted a process patent for its stem-cell based drug Stempeucel by the State Intellectual Property Office of the People's Republic of China. Stempeutics becomes the first company in the world to be granted a patent by the Chinese patent office. Stempeutics makes stem cell-based drugs or regenerative medicine and has so far invested Rs180 crore develop this drug. In March, Stempeutics was granted a US process patent for its stem-cell based drug Stempeucel. Cipla committed Rs50 crore investments initially  in this research program and it is likely to get marketing right for this product in key markets.

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SENSEX , NIFTY CONTINUE TO FALL; HDFC, DRL EXTEND LOSSES

Bears continued to keep tight control on Dalal Street as the Sensex fell 156.82 points to 27281.12 and the Nifty declined 60.95 points to 8244.30. Pharma, capital goods, FMCG and select banking & financial led the fall today. 
Axis Bank, Tata Motors, Wipro and Vedanta gained 1-2.5 percent whereas HDFC, SBI, Infosys, Dr Reddy's Labs, Sun Pharma, ONGC, HUL, Hero Motocorp and BHEL dropped 1-3 percent.
Among financials, ICICI Bank is trading higher by 0.5% ahead of its fourth quarter results due later today. Other private bank stocks like Axis Bank and HDFC Bank are trading higher by 0.4% and lower by 0.8% respectively. Housing finance major, HDFC is down over 2% and public sector lender SBI is down 2.5%.
Vedanta is trading higher by 2.4%. According to media reports, Anil Aggarwal-led Vedanta is eyeing a minority stake in debt-laden Electrosteel Steels. Tata Steel and Hindalco are down by 0.7% each.
Infosys is down over 1% on reporting sub-par quarterly results. A couple of foreign borkerages have cut the target price of Infosys. Among its peers, Wipro has gained around 1% and TCS is up 0.1%.
Pharma stocks are under pressure in today’s session. Dr Reddys Lab has shed nearly 4%, Sun Pharma and Cipla have lost 1.3% and 1.6% each.
Among other stocks, shares of Bharti Infratel has risen by 5% after the firm reported 18% year on year (yoy) growth in its consolidated net profit at Rs 558 crore for the fourth quarter ended March 31, 2015 (Q4), on back of strong operational performance. Revenues grew 6% at Rs 2,947 crore on yoy basis.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free,   MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

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