CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 1 AUG 2018

Nifty likely to hit record high. Indian Indices: Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 22.5 points or 0.2 percent. Nifty futures were trading around 11,399.50- level on the Singaporean Exchange. Global Market: • Asian markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.53% while the Hang Seng is down 0.15%. The Shanghai Composite is not...

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Nifty, Sensex end at record closing high; RIL, Tech Mahindra top gainers

Closing Bell: Nifty, Sensex end at record closing high; RIL, Tech Mahindra top gainers The benchmark indices continue their uptrend on fourth day with Sensex and Nifty ending at record closing high, supported by IT, energy, metal and pharma stocks. The Sensex closed up 112.18 points at 37606.58, while the Nifty ended up 37 points at 11356.50. The market breadth was positive, about 1458 shares have advanced, 1163 shares declined, and 165...

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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 30 JULY 2018

Nifty likely to open flat Indian Indices: Wall Street’s major indexes fell on Friday as weak earnings reports from major technology companies led to a big drop for the sector, said a Reuters report. Global Market: Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.69% while the Hang Seng is down 0.71%. The Shanghai Composite is not trading. US Markets: Stock market ends...

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Midcap, smallcap to see relief rally; 3 stocks to bet on for short term

We have seen new highs on Nifty and Sensex as we have predicted last week. Large caps are seeing a gush of money from ETFs and DIIs flows are getting in some of the finest stocks in the universe. We believe it’s time that midcaps and small caps will also see some relief rally. So far we have seen good results across the sectors which clearly show that our country is on a solid growth trajectory. Small caps and midcaps are still down...

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Sensex, Nifty and Bank Nifty end at record closing highs; metals, FMCG gain big

Closing Bell: Sensex, Nifty and Bank Nifty end at record closing highs; metals, FMCG gain big Equity benchmarks have ended the day on an extremely strong note, with the Sensex rising over 350 points, while the Nifty was well above 11,250-mark. The Sensex is up 352.21 points or 0.95% at 37336.85, and the Nifty up 111.10 points or 0.99% at 11278.40. The market breadth is positive as 1,638 shares advanced, against a decline of 956 shares,...

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TOP CORPORATE NEWS - 26 JULY 2018

Cement stocks rally after SC’s conditional nod to petcoke import Cement stocks firmed up during Thursday’s afternoon trade after reports emerged that the SC has given its conditional approval to petcoke import. Incidentally, petcoke is used as an alternative to coal in cement manufacturing. Ambuja Cement (+7%), Ramco Cement (+4%), Heidelberg (+3%), ACC (+3%), and Ultratech Cement (+2%) surged following this announcement. Dr.Reddy's Labs...

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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 26 JULY 2018

Nifty likely to open higher Indian Indices: Nifty Futures on the Singaporean exchanges were trading strong, with the index inching towards 11,200, pointing to a possible fresh record high Global Market: • Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.10% while the Hang Seng is down 0.57%. The Shanghai Composite is not trading. • US Markets: Asia stocks subdued in morning trade...

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TOP CORPORATE NEWS - 25 JULY 2018

Sun Pharma launches generic Glumetza Sun Pharma has launched the generic versions Metformin HCL - ER tablets, 500 mg and 1000 mg in the US market. These generic Metformin HCl extended release tablets are the therapeutic equivalents of Santarus Inc.’s Glumetza HCl ER tablets. Sun Pharma had received approval for this drug in August 2016 when the addressable size of the market was $1.2bn. Adani Enterprises up ~7% after bulk deal Foreign investor...

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Sensex, Nifty manage to end at record closing highs; metals, midcaps rally

Closing Bell: Sensex, Nifty manage to end at record closing highs; metals, midcaps rally Continuing its bullish momentum from Monday, led by gains in midcaps, the market end the day on a strong note. The Sensex and Nifty managed to close at a record high. The Sensex closed up 106.50 points or 0.29% at 36825.10, while the Nifty was up 49.50 points or 0.45% at 11134.30. The market breadth is positive as 1,940 shares advanced, against a...

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TOP CORPORATE NEWS- 24 JULY 2018

Cement stocks rally as ACC surprises with strong quarter in turbulent times Cement stocks have gained 5-13% since the market opening today. Led by ACC’s strong performance reported yesterday, all the stocks are seen to have a strong rally. ACC jumped 12.8% followed by India Cements (9.2%), Sagar Cement (8.7%) and Ambuja (7.9%). ACC’s 2QCY18 results were significantly ahead of expectations on the back of higher realisations, led by increased...

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Sensex ends at record closing high; Nifty above 11,050

Closing Bell: Sensex ends at record closing high; Nifty above 11,050 Last hour surge in midcaps, PSU banks, metals as well as FMCG ensured that the market ended the session on a bullish note. The Sensex is up 222.23 points or 0.61% at 36718.60, while the Nifty is up 74.60 points or 0.68% at 11084.80. The market breadth is positive as 1533 shares advanced, against a decline of 1061 shares, while 180 shares are unchanged. All sectoral...

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CAPITALSTARS TOP CORPORATE NEWS - 23 JULY 2018

Footwear stocks gain after GST rate revision Shares of footwear companies were trading higher in today’s trade with Relaxo Footwear and Bata India gaining over 5-7% each on the NSE. Footwear stocks jumped after the GST Council lowered GST rates on footwear below Rs1,000 to 5% from 18% earlier (footwear having a retail sale price up to Rs500/pair is already covered under 5% rate). The changes in tax rate would come into effect from July 27,...

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