Market Live By CapitalStars 13/August/2019

Nifty likely to open flat.

The Nifty50 is expected to open flat on Tuesday following Asian markets which were trading largely mixed as fears about a drawn-out Sino-US trade war, protests in Hong Kong and a crash in Argentina peso currency drove investors to safe harbours like bonds, gold, and the yen. The sentiment was already weak due to increasing signs that the United States and China will not quickly resolve their year-long trade war, said a Reuters report. Markets were hit with further turbulence after protesters managed to close down Hong Kong airport on Monday, it said. Trends on SGX Nifty indicate a positive opening for the broader index in India, with 0.32 percent gain or 35.5 points. Nifty futures were trading around 11,125-level on the Singaporean Exchange.

Global Market:

Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.66% while the Hang Seng is down 1.38%. The Nikkei 225 is not trading.

US Markets: North and South American markets finished sharply lower today with shares in Brazil leading the region. The Bovespa is down 2.11% while Mexico's IPC is off 1.41% and U.S.'s S&P 500 is lower by 1.22%.

European Markets: European markets finished lower today with shares in London leading the region. The FTSE 100 is down 0.37% while France's CAC 40 is off 0.33% and Germany's DAX is lower by 0.12%.

Major Headlines of the day:

Rupee stands at 71.14 per dollar.

Saudi Aramco and Reliance Industries sign non-binding LoI to acquire a 20% stake in company oil & chemicals division Saudi Aramco potential 20% stake is based upon an Enterprise Value of US$ 75bn for the O2C division.

Syndicate Bank revises its MCLR rate; reduces it by 25bps The bank will continuously work towards offering a greater reduction in various products in the coming days based on external market benchmarks.

Earnings Reaction To Watch

BHARATFORGE

BLUESTAR

COALINDIA

GLENMARK

GNFC

GODREJIND

MANNAPURAM FIN

ONGC

RITES

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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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Market Live By CapitalStars 09/August/2019

Nifty likely to open flat-to-higher

The Nifty50 is expected to open flat-to-higher on Friday following positive trend seen in other Asian markets, but fresh concerns about Sino-US trade ties are likely to limit gains in the region. Weighing on risk appetite was a report from Bloomberg that Washington is delaying a decision about licenses for U.S. firms to restart trade with Huawei Technologies, said a Reuters report. On Wall Street, the S&P 500 registered its largest one-day percentage gain in about two months on Thursday, with the Dow and the Nasdaq also climbed more than 1 percent, added the report. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.09 percent gain or 10 points. Nifty futures were trading around 11,081-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 0.74% while the Hang Seng is down 0.40%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.91% while U.S.'s S&P 500 is up 1.88% and Mexico's IPC is up 0.02%.

European Markets: European markets closed sharply higher today with shares in France leading the region. The CAC 40 is up 2.31% while Germany's DAX is up 1.68% and London's FTSE 100 is up 1.21%.

Major Headlines of the day:

Rupee stands at 70.55 per dollar.

Britannia Industries Q1FY20E Result Expectation Company is expected to report 10.5% yoy growth in revenue led by 6.5% yoy volume growth; commentary on new launches to look for.

Stellar debut: Affle (India) lists at 25% premium The stock opened at Rs926, around 25% higher against the issue price on the National Stock Exchange (NSE) and touched a high and a low of Rs958.7 and Rs750 respectively.

India's domestic air passenger traffic rose 7.9% yoy in June 2019: IATA All regions recorded an increase in growth, led by airlines in Africa with capacity increasing 3.4% and load factor increasing by 1.6% to 83.8% in June 2019.

Aurobindo Pharma posts 39.5% rise in cons. net profit at Rs635.8cr Revenue from operations rose 28.1% yoy to Rs5,444.6cr during the quarter under review from Rs4,250cr in the corresponding quarter of the previous year.

Earnings Reaction To Watch

BHEL

BPCL

BRITANNIA

CADILAHC

GAIL

HINDALCO

MRF

NATCO PHARMA

NCC

OIL INDIA

PC JEWELLER

SHREE CEMENTS

SOBHA

SPICEJET

SUNTV

Trend in FII flows:- The FIIs were Net Value of Rs -437.39 segment while the DIIs were Net Value of 291.29 the provisional figures.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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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Market Live By CapitalStars 08/August/2019

Nifty likely to open higher.

The Nifty50 is expected to open higher on Thursday following a mixed trend seen in other Asian markets. Overnight, US markets closed mostly higher but rising worries over a global economic downturn capped gains. The Dow Jones Industrial Average fell 22.45 points to 26,007.07, the S&P 500 gained 2.21 points to 2,883.98 and the Nasdaq Composite added 29.56 points to 7,862.83. Back home, the S&P BSE Sensex fell 286 points to 36,690 while the Nifty50 closed 92 points lower at 10,855 on Wednesday. Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.04 percent gain or 4 points. Nifty futures were trading around 10,869-level on the Singaporean Exchange.

Global Market:

Asian Markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.59% while the Hang Seng is up 0.37%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished broadly higher today with shares in Mexico leading the region. The IPC is up 1.63% while Brazil's Bovespa is up 0.61% and U.S.'s S&P 500 is up 0.08%.

European Markets: European markets finished higher today with shares in Germany leading the region. The DAX is up 0.71% while France's CAC 40 is up 0.61% and London's FTSE 100 is up 0.38%.

Major Headlines of the day:

Rupee stands at 70.80 per dollar.

UltraTech Cement Q1FY20E Result Expectation Company is expected to report 18.5% yoy growth in revenue led by ~16% yoy volume growth; ramp-up of Binani Cement plans to aid the volume growth.

Srei Infrastructure reports 69% yoy fall in cons. PAT to Rs42.67cr in Q1FY20 Total consolidated income for the quarter ended June 30, 2019, was at Rs1,582.58cr as against Rs1,548.93cr recorded during the quarter ended June 30, 2018.

Aurobindo Pharma posts 39.5% rise in cons. net profit at Rs635.8cr Revenue from operations rose 28.1% yoy to Rs5,444.6cr during the quarter under review from Rs4,250cr in the corresponding quarter of the previous year.

Earnings Reaction To Watch

ADANI ENTERPRISE

ADANI TRANSPORT

EMAMI

GNFC

GODREJPROP

HEXAWARE

TATACHEM

THERMAX

UCO BANK

Trend in FII flows:- The FIIs were Net Value of Rs -383.66 segment while the DIIs were Net Value of 531.56 the provisional figures.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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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Market Live By CapitalStars 07/August/2019

Nifty likely to open flat-to-lower.

The Nifty50 is expected to open flat-to-lower on Wednesday tracking Asian markets which were trading with positive bias. The rebound in sentiment came after the People Bank of China took stepped in to stabilise the yuan with a firmer-than-expected fixing. The yuan had fallen sharply on Monday, going past the symbolic 7-per-dollar level, and prompting Washington to label Beijing a currency manipulator in a major escalation of the year-long trade dispute between the world two largest economies, said a Reuters report. Overnight, U.S. stocks jumped more than 1 percent. The Dow Jones Industrial Average rose 311.78 points to 26,029.52, the S&P 500 gained 37.03 points to 2,881.77 and the Nasdaq Composite added 107.23 points to 7,833.27. Trends on SGX Nifty indicate a negative opening for the broader index in India, with a 0.47 percent loss or 51.5 points. Nifty futures were trading around 10,911-level on the Singaporean Exchange.

Global Market:

Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.24% while the Hang Seng is down 0.82%. The Nikkei 225 is not trading.

US Markets: North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 2.06% while U.S.'s S&P 500 is up 1.30% and Mexico's IPC is up 0.73%.

European Markets: European markets finished lower today with shares in Germany leading the region. The DAX is down 0.78% while London's FTSE 100 is off 0.72% and France's CAC 40 is lower by 0.13%.

Major Headlines of the day:

Rupee stands at 70.96 per dollar.

IRB Infra gets Rs4,000cr investment by GIC affiliates for road biz As part of the transaction, IRB Infra will transfer 9 of its BOT assets into a private Infrastructure Investment Trust in which IRB will hold controlling stake of 51%.

Reliance Industries and BP expand partnership to sell transport fuels in India This is a further development of RIL and BP longstanding partnership, which began in 2011 and expanded in 2017 including an agreement to seek options to work together to develop differentiated fuels and mobility businesses.

Earnings Reaction To Watch

ADANI PORTS

ADANI POWER

AUROPHARMA

BAJAJ ELECTRIC

BALRAMPUR CHINI

CIPLA

CUMMINS

HCLTECH

HPCL

M&M

PETRONET

RAMCOCEM

TATASTEEL

VOLTAS

SIEMENS

Trend in FII flows:- The FIIs were Net Value of Rs -2107.93 segment while the DIIs were Net Value of 2289.05. the provisional figures.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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Market Live By CapitalStars 06/August/2019

Nifty likely to open lower

The Nifty50 is expected to open lower on Tuesday following Asian markets which were trading lower amid rising fears of rising trade-war as well as currency woes. U.S. Treasury Secretary Steven Mnuchin said on Monday the government had determined that China is manipulating its currency and that Washington would engage the International Monetary Fund to eliminate unfair competition from Beijing, said a Reuters report. Wall Street major indexes already posted their biggest percentage drop of the year on Monday on fears of an escalation in the U.S.-China trade war, the report added. Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.66 percent loss or 72 points. Nifty futures were trading around 10,797-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 2.03% while the Hang Seng is down 1.91%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished sharply lower today with shares in U.S. leading the region. The S&P 500 is down 2.98% while Brazil's Bovespa is off 2.75% and Mexico's IPC is lower by 1.20%.

European Markets: European markets finished sharply lower today with shares in London leading the region. The FTSE 100 is down 2.47% while France's CAC 40 is off 2.19% and Germany's DAX is lower by 1.80%.

Major Headlines of the day:

Rupee stands at 70.80 per dollar.

Spandana Sphoorty IPO subscribed 6% on day 1 The price band for the issue has been fixed at Rs853-856 per share.

Sterling & Wilson Solar raises Rs1,406cr from anchor investors; IPO opens today The company has raised about Rs1,406cr by selling shares to its institutional investors as part of its anchor book allocation on Monday.

Berger Paints reports 31.76% yoy rise in cons. PAT at Rs176cr for Q1FY20 In a separate filing, the company informed that it is "considering investment opportunities in Russia to complement its exisiting operations."

Trend in FII flows:- The FIIs were Net Value of Rs 1871.27 segment while the DIIs were Net Value of -2016.73 the provisional figures.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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Market Live By CapitalStars 05/August/2019

Nifty below 10,900 in pre-opening, Sensex falls 250 pts; rupee opens weak

Trends on SGX Nifty indicate a negative opening for the broader indices in India.

Market at pre-opening: Benchmark indices are trading weak in the pre-opening session.

The Sensex is down 46.70 points or 0.13% at 37164.92, and the Nifty down 66.40 points or 0.60% at 10931.

Brokerage view on stocks: 

CLSA on SBI

Buy call, target cut to Rs 380 from Rs 420 per share

Higher slippage disappoints; Q1 net profit below expectations due on higher credit cost

Key disappointment was rise in its delinquency ratio to 3.4% of the past year loans

Jefferies on SBI

Buy call but cut target to Rs 370 from Rs 375 per share

Quarter did not have much to cheer about

Cut our EPS estimate for FY20 by 7.8% & FY21/22 by 3.2/5.5%

Kotak Institutional Equities on SBI

Maintain buy call on the stock; cut target to Rs 390 from Rs 410 per share

Reported a weak start to fy20 with slippages at 3% of loans

Higher slippage from agriculture & SME is seasonal in nature & less worrying

IDFC Securities on SBI

Management has revised guidance of core RoA to 0.5%-.6% from 0.6-0.7%

Cut earnings & target to Rs 365 per share; maintains outperform on inexpensive valuation

See downside risks to earnings from a weak macro, High Pension Costs & a larger watchlist

Citi on SBI

Maintain buy call with target cut to Rs 400 from Rs 415 per share

Healthy loan growth, slippages increase in Q1

Q1 net profit below our/consensus estimates

Morgan Stanley on ITC

Overweight on the stock with target at Rs 360 per share

Q1 results were weaker than we expected

Except for FMCG, EBIT growth across all business segments missed our estimate

HSBC on ITC

Q1 cigarette volume growth of 3-4% slightly below expectations

While valuation undemanding, taxation path remains a key risk

Maintain buy call, cut target to Rs 320 from Rs 330 per share

CLSA on ITC

Remain buyers on the stock with target at Rs 365 per share

Double-digit growth remained elusive for company cigarette biz which grew 8% in Q1

FMCG business reported strong EBITDA growth despite moderate topline show

Stock provides attractive risk-reward

IDFC Securities on ITC

Results in-line with 3% YoY volume growth on a base of 2%

From Q2FY20e onwards base becomes further unfavourable

Downgrade to neutral with target at Rs 275 per share

Kotak Institutional Equities on ITC

Cigarette volume growth was modest at 3% (Our Estimate) despite stable taxation

See a likely leg down in EBIT growth potential to 7-9% from 9-11%

FMCG sales growth moderated to 8% (From 11-12%)

Add rating on the stock, cut target to Rs 315 from Rs 335 per share

Citi on HDFC

Buy call, raise target to Rs 2,570 from Rs 2,360 per share

Q1 AUM growth moderates further; spreads stable

Liability side should benefit from falling wholesale costs

Raise FY20 net profit estimate by 8% to factor Gruh stake sale

CLSA on HDFC

Maintains buy call with target at Rs 2,770 per share

Q1 net profit boosted by gain on Gruh Fin stake sale

Asset quality faced some pressure with downgraded exposure to Jet Airways

HDFC remains our top pick

Kotak Institutional Equities on HDFC

Retain add with target at Rs 2,325 per share

Q1 moderate on account of muted growth on non-retail book & higher funding cost

Expect its affordable housing business to drive medium-term growth

Jefferies on HDFC

Buy call, increase target to Rs 2,435 from Rs 2,310 per share

Bottomline was boosted by Gruh stake sale, though growth slowed

Cut FY21/22e EPS estimate by 7-9%, forecast AUM CAGR of 13.4%

Kotak Institutional Equities on Nestle India

Maintain reduce with target at Rs 10,700 per share

Earnings weighed down by weak gross margins mainly due to sharp rise in milk prices

Domestic revenues grew a strong 13% YoY

CLSA on Nestle India

Outperform stays, raise target to Rs 12,415 from Rs 11,750 per share

Q2 clearly indicates management rising obsession with growth, which is the key positive

Announcement on capex also points to its growth ambition

Cut EPS by 2-5%, but this is due to a special dividend, which warrants a cut in other income

Citi on Exide

Buy call with target cut To Rs 265 from Rs 290 per share

Cut revenue estimates by 7% over FY20-22, primarily due to cuts in our auto segment revenues

May see a rebound in FY22 if cycle revives

Increase margin estimates slightly given weak lead prices & fructifying cost-reduction moves

Citi on Ceat

Buy call with target cut to Rs 1,280 from Rs 1,400 per share

Q1 steady replacement demand, weak OEM offtake

OEM demand has been very weak & reflected in sharp correction in stock price

Cut FY20-22 earnings estimates by 3-10%

CLSA on GSPL

Buy call; target raised to Rs 285 from Rs 270 per share

Q1 net profit stood in-line with our estimate

EBITDA/EBIT in-line as 3% beat on volume offset by a miss on tariffs

Volumes for Gujarat Gas could lead to earnings upgrades

CLSA on Inox Leisure

Retain buy call with target raised to Rs 402 from Rs 394 per share

Q1 revenue grew by 19% YoY driven by healthy screen additions

Cut FY20/21 estimates by 26% to incorporate the impact of Ind-As

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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Market Live By CapitalStars 02/August/2019

Nifty likely to open lower.

The Nifty50 is likely to open lower on Friday tracking Asian markets which were trading lower after US President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month. The Dow Jones Industrial Average fell 280.85 points, or 1.05 percent, to 26,583.42, the S&P 500 lost 26.82 points, or 0.90 percent, to 2,953.56 and the Nasdaq Composite dropped 64.30 points, or 0.79 percent, to 8,111.12. Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.46 percent loss or 50 points. Nifty futures were trading around 10,966-level on the Singaporean Exchange. The S&P BSE Sensex fell 462 points to 37,018 while the Nifty50 closed 138 points lower at 10,980 on Thursday.

Global Market:

Asian Markets: Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 2.36% while the Hang Seng is down 2.27%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished broadly lower today with shares in Mexico leading the region. The IPC is down 1.26% while U.S.'s S&P 500 is off 0.90% and Brazil's Bovespa is lower by 0.78%.

European Markets: European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.70% and the DAX rose 0.53%. The FTSE 100 lost 0.03%.

Major Headlines of the day:

Rupee stands at 69.23 per dollar.
India GST collection rises to Rs1.02 lakh cr in July The revenue in July, 2018 was Rs96,483cr and the revenue during July, 2019 is a growth of 5.80% over the revenue in the same month last year.

Oil steady after worst plunge in 4 years, Asian stocks down as Trump slaps tariffs on China In other news, Japan removed South Korea from the trade white list on national security concerns.

Earnings Reaction To Watch

BATA INDIA

BEML

BIRLA CORP

EXIDE IND

HDFC

INOX LEISURE

ITC

NESTLE

SBI

TATA COMM

UJJIVAN

Trend in FII flows:- The FIIs were Net Value of Rs -1056.55 segment while the DIIs were Net Value of 561.28 the provisional figures.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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Market Live By CapitalStars 01/August/2019

Nifty likely to open lower.

The Nifty50 is seen opening lower on Thursday following Asian markets which were trading lower after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but dashed hopes of a lengthy easing cycle. Overnight, the Dow and the Nasdaq lost 1.2 percent each while the S&P 500 declined 1.1 percent. MSCI gauge of stocks across the globe slipped to a five-week low, said a Reuters report. Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.39 percent loss or 43 points. Nifty futures were trading around 11,078-level on the Singaporean Exchange. As many as 53 companies will declare their results for June quarter which include names like Bharti Airtel, CEAT, Godrej Consumer, HCC, ICRA, JK Tyre, Marico, Raymond, Tata Power, and Varun Beverages among others.

Global Market:

Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.87% while the Hang Seng is down 0.80%. The Nikkei 225 is not trading.

US Markets: North and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 1.09% while U.S.'s S&P 500 is off 1.09% and Mexico's IPC is lower by 0.72%.

European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.34% and the CAC 40 rose 0.14%. The FTSE 100 lost 0.78%.

Major Headlines of the day:

Rupee stands at 69.20 per dollar.

Ashok Leyland's net profit shrinks 45% yoy in Q1FY20 Meanwhile, Ashok Leyland said that its board has approved the plan to raise up to Rs600cr in long-term debt.

Bharti Airtel Q1FY20E Result Expectation India EBITDA margin is expected to decline on qoq basis while Africa is expected to remain flat.

Tata Global Beverages cons. PAT rises ~11% yoy to Rs142cr The branded business' revenue largely remained flat, while the non-branded business rose 26% yoy (contributed only ~13% to total revenue in Q1FY20).

Earnings Reaction To Watch

BHARTI AIRTEL

CEAT

CHOLAMAMDALAM

GODREJ CONSUMER

MARICO

RAYMOND

TATA POWER

Trend in FII flows:- The FIIs were Net Value of Rs -1497.07 segment while the DIIs were Net Value of 2479.38 the provisional figures.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

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

 

For more details call on 9977499927 or visit our website www.capitalstars.com

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