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Wednesday 26 December 2018

Nifty likely to open gap up 27-DEC-2018


Indian Indices: Experts expect the volatile movement to continue in the near term. 

Global Market:
Asian markets:
Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 3.74% while the Hang Seng is up 0.61%. The Shanghai Composite is not trading.
US Markets: US stock markets rally after a pre-Christmas slump.
European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.21%, while the CAC 40 led the FTSE 100 lower. They fell 1.45% and 0.52% respectively.


Major Headlines of the day:

Stocks To Watch

Sun Pharma arm Dusa Pharmaceuticals got awarded Preliminary Injunctive Relief by U.S. federal district court prohibiting defendants Biofrontera from using Dusas proprietary trade secret information. Earlier this year, the Sun Pharma arm filed a lawsuit against Biofrontera alleging trade secret misappropriation and patent infringement of the company's photodynamic therapy patients and Levulan Kerastick drug.
 Hindustan Unilever clarified on the news of GST Authority finding guilty of profiteering Rs 383 crore stating that no methodology has been determined by National Anti-Profiteering Authority as required under the law to determine if the benefit has been passed or not. HUL will consider legal options available to it. On Dec. 24 the anti-profiteering authority ruled passed on order against the company to deposit Rs 223 crore.
Man Industries: Securities and Exchange Board of India imposed Rs 10 crore fine on 3 promoters of the company for failing to make an open offer to the company's shareholders. The regulators conducted a probe in the shareholding of the company from June to September in the year 2010, while observing that shareholding of the promoters increased from 51.29 per cent to 55.18 per cent. Under the SEBI regulations, it is mandatory to make an open offer if the promoters shareholding crosses the threshold limit of 55 per cent.
NTPC Limited: Investment approval has been accorded for Bilhaur Solar Project of 140 MW capacity and Auraiya Solar Project of 20 MW capacity. Previously on Oct. 11, the company had won 160 MW solar capacities in Uttar Pradesh Energy Agency's Solar Tender. Entertainment Network (India) clarified that terrestrial broadcasting was disrupted for only 30 hours due to fire in its Mumbai Common Transmission Infrastructure and the amount of damage is not significant and the equipment of the company at this common infrastructure is already insured.
Cimmcos promoter Titagarh Wagons to sell 15.4 lakh shares (5.64 per cent equity) today and tomorrow through an offer for sale route. The floor price for OFS set at Rs 38 per share, a discount of 11 per cent to the last regular trade.



The trend in FII flows:- The FIIs were Net Value of Rs 80.28 segment while the DIIs were Net Value of -137.63 the provisional figures.


Securities in Ban For Trade Date 27-December-2018
1.Adani power


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

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