Bet on these top 3 stocks which are likely to benefit the most from GST

Here is the list of stocks that are likely to benefit from GST reforms: Titan Company Recently, Rakesh Jhunjhunwala reduced his stake in Titan Company to 6.54 crore shares, or 7.37 percent stake, from 7.79 crore shares, or 8.78 percent stake, as of May 21, 2018. Post this announcement, stock rallied as most of the selling pressure had already been absorbed by the market. We remain bullish on the stock. Management remained confident about...

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Nifty closes Day 1 of July series above 10,700, Sensex zooms 386 points on global cues

Closing Bell: Nifty closes Day 1 of July series above 10,700, Sensex zooms 386 points on global cues The 30-share BSE Sensex rallied 305.42 points or 0.87 percent to 35,343.06 and the 50-share NSE Nifty rose 96.80 points or 0.91 percent to 10,685.90. About three shares advanced for every share falling on the BSE. The Nifty Midcap continued to trade higher by more than a percent. The 50-share NSE Nifty reclaimed 10,700 levels, rising 116.30 points...

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Nifty ends June series below 10,600, Sensex dips 179 pts; Midcap index falls 2%

Closing Bell: Nifty ends June series below 10,600, Sensex dips 179 pts; Midcap index falls 2% Benchmark indices ended sharply lower on the expiry day of June futures & options contracts, dragged by banking & financials and Reliance Industries. Weakness in the rupee and lingering trade tensions between the US and China also dented market sentiment. The 30-share BSE Sensex shed 179.47 points to 35,037.64 and the 50-share NSE Nifty fell 82.30 points to 10,589.10 while the Nifty Midcap index dropped nearly 2 percent on weak market breadth. More...

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Indices trade flat, Nifty near 10,650 ahead of F&O expiry

The markets are trading flat on Thursday amid weakness in their Asian counterparts ahead of the expiry of June derivatives contracts later in the day. That apart, investors will also keep a watch on movement in rupee and global crude oil prices for further cues in the market. RUPEE The rupee fell to an all-time low against the US dollar in early trade on Thursday, tracking Asian...

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Banks, oil, infra stocks drag Sensex 273 pts; Nifty ends below 10,700 ahead of F&O expiry

Closing Bell: Banks, oil, infra stocks drag Sensex 273 pts; Nifty ends below 10,700 ahead of F&O expiry Benchmark indices ended sharply lower amid weak global cues, dragged by oil, banking & financials and infra stocks. The 30-share BSE Sensex fell 272.93 points to 35,217.11 and the 50-share NSE Nifty declined 97.80 points to 10,671.40 while the Nifty Midcap index shed 277 points on weak market breadth. About four shares declined...

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Sensex, Nifty end flat but Midcap index underperforms

Closing Bell: Sensex, Nifty end flat but Midcap index underperforms Benchmark indices ended flat after volatility, with the Sensex closing below 35,500 levels. TCS, HDFC, ITC and Infosys helped the market close higher while Reliance Industries and Tata Motors capped gains. The 30-share BSE Sensex rose 19.69 points to 35,490.04 and the 50-share NSE Nifty gained 6.70 points to 10,769.20. Nifty Midcap index slipped 35 points. More than two shares declined for every share rising on the BSE. IDBI Bank, V-Guard, Adani Power, Syndicate Bank,...

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Closing Bell: Nifty ends below 10,800; Sensex down 219 pts; PSU banks drag 2%

Closing Bell: Nifty ends below 10,800; Sensex down 219 pts; PSU banks drag 2% Benchmark indices ended at day's low with Nifty slipped below 10,800 and Sensex fell over 200 points as selling pressure seen in major banking, pharma and metal names. The market breadth was on decline with 809 shares have advanced, 1721 shares declined, and 143 shares are unchanged. Tata Motors, HPCL, BPCL, L&T, ICICI Bank, Coal India, and Power Grid are the top losers on the indices. Expect IT space, all other sectoral indices ended lower with 0.4 percent...

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Bharat-22 ETF subscribed 2.3 times, investors put in bids worth Rs 140 bn

The second tranche of Bharat-22 ETF was subscribed 2.3 times on the final day of the offering, with the issue garnering subscription to the tune of Rs 140 billion. Through the Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies, the government had targeted to mop up Rs 6,000 crore with a green-shoe option of another Rs 24 billion. Subscription has come in for 2.3 times of the base issue size of Rs 60 billion. Total bids worth Rs 140 billion were received on the last day. The issue has seen resounding success with the...

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Closing Bell: Sensex loses 115 pts, Nifty ends below 10,750

Closing Bell: Sensex loses 115 pts, Nifty ends below 10,750 Benchmark indices ended lower after consolidation, as investors monitor trade developments between US and China. The OPEC decision will also be closely watched. IOC, HPCL and BPCL gained 3-4 percent on correction in crude oil prices. ICICI Bank and Reliance Industries gained more than a percent while HDFC Bank rose half a percent. SBI, L&T, ITC, Maruti, M&M, Dr Reddy’s Labs...

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CAPITALSTARS TOP CORPORATE NEWS - 21 JUN 2018

Cipla gets approval for Testosterone Cypionate injection Cipla has received final USFDA approval for Testosterone Cypionate injection. Testosterone Cypionate is sold by Pharmacia under the brand name Depo-Testosterone. This is an androgen and anabolic steroid medication which is used in the treatment of low testosterone levels in men. Testosterone Cypionate injection currently has 8 approved ANDAs in 200mg. In 100mg formulation, there are 3 approved ANDAs. This includes companies like Sun Pharma, Mylan, Sandoz, etc. The market for Testosterone Cypionate...

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CAPITALSTARS EQUITY MARKET OUTLOOK - 21 JUN 2018

Nifty likely to open flat Indian Indices:                            Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 9.5 points or 0.09 percent. Nifty futures were trading around 10,802-level on the Singaporean Exchange. Global Market: •Asian markets- Asian markets are higher today as Japanese and Hong Kong shares show gains....

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CAPITALSTARS TOP CORPORATE NEWS - 20 JUN 2018

Chemical producer UPL’s shares fall over 3% Stocks of Mumbai-based UPL dipped over 3% during Wednesday’s closing. This was on the back of a Bloomberg report that a grouping led by UPL is in exclusive talks to acquire the Bill Ackman-backed Platform Specialty Products Corp.’s agricultural pesticides business. Though the talks were in the advanced stage, there was no certainty that the negotiations will lead to an agreement, the report added. UPL is engaged in the production of crop protection products, intermediates, specialty chemicals and...

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