Nifty Like To Open flat 08-JAN-2018

Market Live: Nifty flat in pre-opening trade, Sensex up 90 pts; Gruh Finance falls 10%.

Indian Indices: Trends on SGX Nifty indicate a flat start with a hint of negative bias.

Global Market:
Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.80% while the Hang Seng is up 0.21%. The Shanghai Composite is not trading.
 US Markets: Asian stocks mixed as US-China trade talks continue.
 European markets: European markets finished lower today with shares in London leading the region. The FTSE 100 is down 0.39% while France's CAC 40 is off 0.38% and Germany's DAX is lower by 0.18%.


Major Headlines of the day:

Rupee opens lower at 69.80 per dollar.

The market is facing significant resistance around 11,000 on the Nifty, and is likely to consolidate in a 500-point range between 10,500 and 11,000, says Udayan Mukherjee.

Nifty Futures on Singaporean Exchange were trading mildly lower on Tuesday morning. They were trading a tad below 10,800-mark.


The trend in FII flows:- The FIIs were Net Value of Rs 736.18 segment while the DIIs were Net Value of -141.97 the provisional figures.


Securities in Ban For Trade Date 08-JAN-2019
1.Adani power
2.Jetairways

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Nifty likely to open flat 1-JAN-2019

Indian Indices: Nifty futures on the Singaporean Exchange indicate a flat start to indices here. The index futures were trading at 10,922.5, up 1 point on the SGX.

Global Market:

Asian markets: Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 1.34% and the Shanghai Composite rose 0.44%. The Nikkei 225 lost 0.31%.

 US Markets: U.S. stocks log worst year since 2008.

European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 1.71% and the CAC 40 rose 1.11%. The FTSE 100 lost 0.09%.

 Major Headlines of the day:

Stocks To Watch

Automobile manufacturers will be in focus as they are set to announce their monthly sales data for December. (Heres how they are expected to fare.)

 Lupin received FDA approval for Clobazam Oral Suspension. This is a generic version of Lundbeck Pharma Onfi Oral Suspension for adjunctive treatment of seizures associated with Lennox-Gastaut Syndrome in patients two years of age or older.

JMC Projects received order worth Rs 596 crore. Out of this, Rs 434 crore is for residential and commercial projects in South India and the remaining Rs 162 crore is for civil works for a steel plant in Odisha. This company is a listed arm of Kalpataru Power Transmission.

HDFC revised its Retail Prime Lending Rate on which its adjustable-rate home loans are benchmarked by 10 basis points across various tenors, with effect from Jan. 1.

Dynamatic Technologies said it will receive Rs 40 crore as consideration for the transfer of all the fixed assets relating to the aluminium business of the Auto Division from Hi-Tech Arai. Along with this, the investors will also pay between Rs 5.5 and Rs 6.5 crore in order to acquire the company's inventories.

 Centrum Capitals arm acquired supply chain finance business of L&T Finance whose asset book consists of Rs 650 crore. Hindustan Construction Company said that its group Chief Financial Officer Praveen Sood has ceased to be the CFO and Key Managerial Personnel with effect from Dec. 31, upon the completion of the term of his contract. The company stated it is in the process of appointing the next CFO.

 Fortis Healthcare's board approved the extension of the long stop date under the Master Purchase Agreement to March 26. The company and its arm had entered into the agreement to purchase Indian Entities of RHT Trust under this agreement in Nov. 2017. On Dec. 28, statutory auditors Deloitte Haskins & Sells LLP had resigned.

Jindal Steel & Power's current CEO Naushad Akhter Ansari became the joint MD of the company with effect from Jan. 1.

KEC International and Adani Transmission mutually agreed to extend the date of sale to Jan. 31. They entered into this agreement on Nov. 3 in which KEC International was to sell its entire stake in KEC Bikaner Sikar Transmission Private Limited to Adani groups transmission arm.

Allahabad Bank revised MCLR by 10 basis points across various tenors. Overnight MCLR at 8.25 percent and One Year MCLR at 8.75 percent. credit access Grameen said it has completed a direct assignment of Rs 277.73 crore and securitization transaction of Rs 110.5 crore. Shriram Transport Finance would consider raising fund via debt during the month of January.

 The trend in FII flows:- The FIIs were Net Value of Rs -326.87 segment while the DIIs were Net Value of 321.98 the provisional figures.

Securities in Ban For Trade Date 01-DEC-2019

1.Adanipower

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CS OPENING BELL 21-DEC-2018

NIFTY SPOT DOWN 6 @10946
SENSEX SPOT DOWN 2 @36428
BANK NIFTY FUTURES UP 14 @27360 
HAPPY TRADING!

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CS NIFTY FUTURES (DEC ) OVERVIEW

TREND BEARISH
RES2: 11280
RES 1:11100
SUP1:10870
SUP2:10700 

CS BANK NIFTY FUTURES (DEC ) OVERVIEW
TREND BULLISH 
RES 2: 27600
RES 1: 27450
SUP1: 27200
SUP2: 26800 

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CS OPENING BELL 20-DEC-2018

NIFTY SPOT DOWN 70 @10894
SENSEX SPOT DOWN 210 @36266
BANK NIFTY FUTURES DOWN 180 @27188 
HAPPY TRADING!

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CS NIFTY FUTURES (DEC ) OVERVIEW

TREND BEARISH
RES2: 11280
RES 1:11100
SUP1:10830
SUP2:10650


CS BANK NIFTY FUTURES (DEC ) OVERVIEW

TREND BULLISH 
RES 2: 27600
RES 1: 27450
SUP1: 27200
SUP2: 26800 

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CORPORATE NEWS 14-DEC-2018

ONGC gains 3% on share buyback proposal

Shares of Oil & Natural Gas Corpn (ONGC) gained 3% on Friday after the company in its filing to the exchanges informed that its board of directors would consider a buyback proposal in a meeting on December 20.

Further, for the prohibition of insider trading in dealing with the securities of the company, ONGC has closed the "trading window for the designated persons from December 17 to December 24 (both days inclusive)," the company said in a press note to the exchanges on Friday.

RCom rises 2% as SC directs DoT to issue NOC for spectrum sale

Shares of Reliance Communications climbed 2% in the afternoon session on Friday after a PTI report said that the Supreme Court directed the Department of Telecommunication (DoT) to issue an NOC to allow the company to sell spectrum to Reliance Jio within 2 days. The development comes after Reliance Realty furnished the corporate guarantee of Rs1, 400cr to the Telecom Department as directed by the Supreme Court, the report said. Earlier, the court had allowed spectrum sale from Reliance Communications to Jio and directed the company to furnish a corporate guarantee to DoT.

Dr. Lal PathLabs gets NCLT approval for Delta Ria acquisition

Dr. Lal PathLabs has received an approval from the Ahmedabad bench of the National Company Law Tribunal (NCLT) for a scheme of amalgamation between the company and Delta Ria & Pathology Private Limited.

"NCLT has sanctioned the scheme of amalgamation between Dr. Lal PathLabs Limited (the transferee company) and Delta Ria and Pathology Private Limited (the transferor company), a wholly owned subsidiary of the transferee company," the company said in a press note to the exchanges on Friday.

TVS Motor launches three new products in Peru market to further accelerate growth

TVS Motor Company, a leading manufacturer of two-wheelers and three-wheelers, announced the launch of its super premium offering TVS Apache RR 310, the 125cc connected scooter TVS NTORQ 125, and race machine TVS Apache RTR 160 4V for the Peru market. Chennai-based TVS Motor Co posted a 38.7% jump in its domestic scooter sales at 1, 05,576 units for the month of November 2018. The company's new launches will further strengthen its position in the Peru market.

Infosys announces joint venture with Hitachi, Panasonic, and Pasona in Japan

As per an exchange notification, Infosys has formed a joint venture (JV) with Hitachi, Ltd., Panasonic Corporation, and Pasona Inc. wherein it will acquire 81% of the shareholding in Hitachi Procurement Service Co., Ltd (HIPUS). Hitachi Procurement is Hitachiâ fully owned subsidiary and handles indirect materials purchasing functions for the Hitachi Group. Hitachi, Panasonic, and Pasona will be minority shareholders of the entity. Infosys added that it would bring its global expertise in procurement processes, consulting, analytics, and digital technologies, such as artificial intelligence (AI) and Robotic Process Automation (RPA), to the venture. Combined with Hitachi and Panasonicâ knowledge of their procurement functions and local teams and Pasonaâhuman capital and BPM networks in Japan, the entity will provide differentiated, end-to-end, efficient, and high-value procurement capabilities to corporations.

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MARKET WRAP UP 12-DEC-2018

Closing Bell: Bulls take charge on D-Street as Sensex ends 629 pts higher; Nifty above 10,700.

Bulls took charge right from the word go and consistently traded in the green. But intense buying in the last hour helped the market end on an even stronger note. The Nifty, not only managed to clock 10,700, but also closed above this mark.  Buying was visible across all sectors, with maximum gains seen among automobiles, metals, banks, infrastructure and consumption names. In the broader market, the Nifty Midcap index ended 3 percent higher.  At the close of market hours, the Sensex closed up 629.06 points or 1.79% at 35779.07, while the Nifty rose 188.40 points or 1.79% at 10737.60. The market breadth was positive as 1,882 shares advanced, against a decline of 645 shares, while 139 shares were unchanged. Hero MotoCorp, Bharti Airtel, and Indiabulls Housing gained the most, while Dr Reddy  Laboratories, and Bharti Infratel lost the most. 

HEADLINES OF THE DAY

Ramco wins order: Ramco Systems has secured deal from a leading adversary air (ADAIR) services provider to the US defence forces, to manage its fleet of fighter aircraft used for highly complex training fleet and defence contract requirements. Rating Agency CARE Ratings has reaffirmed CARE A1+ rating on Shree Cements' Commercial Papers of Rs 300 crore. Torrent Power has ought a nod from Gujarat regulator to hike tariffs so that it could offset under-recoveries. The company said that the tariff hike will help it recover Rs 275 crore. ACC Board Grants Nod to set up a greenfield integrated cement plan at Ametha. Zydus Wellness to acquire Heinz India: Shares of Zydus Wellness gained 2 percent on Wednesday after company received CCI approval for acquisition of businesses of Heinz.

The crucial resistance for Nifty spot is now seen at 10880 and above this 10960 Support for the immediate term is now placed at 10620 next support will be 10500.

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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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CS OPENING BELL 04-DEC-2018

NIFTY SPOT DOWN 4 @10879

SENSEX SPOT DOWN 43 @36190

BANK NIFTY FUTURES DOWN 71 @26888

HAPPY TRADING!

WWW.CAPITALSTARS.COM+919977499927

CS NIFTY FUTURES (DEC ) OVERVIEW

TREND BEARISH

RES2: 11100

RES 1:10980

SUP1:10700

SUP2:10560 

CS BANK NIFTY FUTURES (DEC ) OVERVIEW

TREND BULLISH

RES 2: 27400

RES 1: 27100

SUP1: 26660

SUP2: 26100 

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CORPORATE NEWS 31-OCT-2018

PNB Housing Finance surges 9% after raising Rs2,450cr through commercial papers

Shares of PNB Housing Finance, one of the country’s largest housing finance company, surged over 9% in late afternoon trade on Wednesday after the company successfully raised Rs2, 450cr through the issue of commercial papers. This amount is over and above the Rs1, 775cr raised earlier.

Thus, in total, the company has raised a whopping Rs4, 225cr through commercial papers (CPs) in October 2018 alone. Incidentally, the CPs were placed with various mutual funds and banks.

Dr.Reddy’s announces launch of Strattera in US

Dr.Reddy's Laboratories on Wednesday announced the launch of Atomoxetine Capsules, USP, a therapeutic equivalent generic version of Strattera® (atomoxetine) Capsules in the United States market. The capsules have been approved by the US Food and Drug Administration (USFDA).

The Strattera® brand and its generic had sales of approximately $304mn for the twelve months ending August 2018 in the US, according to IMS Health. Straterra® is a registered trademark of Eli Lilly and Company.

Government to raise Rs5,000cr by divesting 3% stake in Coal India

The government will divest 3% stake in Coal India for Rs266/share through the offer for sale (OFS) route on October 31, 2018, which will fetch ~Rs5,000cr, according to media reports.

The government currently has 78.3% shareholding in Coal India. The government will offer an additional 6% stake in case of over-subscription, sources said.

The floor price of Rs266/share is at a discount of about 4% over yesterday's closing price of the stock on the NSE.

Cummins India climbs 12% post Q2FY19 numbers

Shares of Cummins India were trading 12% higher in the late morning session today as the company’s performance numbers for Q2FY19 beat market estimates.

The company’s Q2FY19 numbers strongly beat consensus estimates across the broader performance criteria. Revenue from operations witnessed a strong growth of 28.9% yoy to Rs1,486.9cr, beating street estimates by 16%. EBITDA for the quarter jumped 49.8% yoy to Rs250.9cr, surpassing estimates by 24.2%. The EBITDA margin also expanded by 236bps yoy to 16.9%. Net profit surged 38.4% yoy to Rs211.5cr in Q2FY19 vs. Rs152.9cr in Q2FY18, beating street estimates by 21.8%.

Tech Mahindra up ~7% as Q2 results beat estimates

IT service provider Tech Mahindra surged ~7% in late morning trade on Wednesday after the company reported a better-than-estimated result for Q2FY19.

The company has registered an 18.5% qoq increase in its consolidated net profit to Rs1,064cr in the quarter ended September 2018. Further, the Pune-headquartered company’s revenues grew 4.3% qoq to Rs8,630cr against the median consensus estimate of Rs8,614cr.

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