CS OPENING BELL 08-JAN-2019

NIFTY SPOT DOWN 21 @10751
SENSEX SPOT DOWN 40 @35805
BANK NIFTY FUTURES DOWN 67 @27335
HAPPY TRADING!

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CS NIFTY FUTURES (JAN ) OVERVIEW

TREND BEARISH
RES2: 10980
RES 1:10850
SUP1:10640
SUP2:10550 

CS BANK NIFTY FUTURES (JAN ) OVERVIEW

TREND BULLISH 
RES 2: 27800
RES 1: 27550
SUP1: 27100
SUP2: 26800

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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 28-DEC-2018

 
NIFTY SPOT UP 55 @10836
SENSEX SPOT UP 212 @36024
BANK NIFTY FUTURES UP 180 @27210
HAPPY TRADING!

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CS NIFTY FUTURES (JAN ) OVERVIEW

TREND BEARISH
RES2: 11000
RES 1:10810
SUP1:10620
SUP2:10350
 


CS BANK NIFTY FUTURES (JAN ) OVERVIEW

TREND BULLISH 
RES 2: 27300
RES 1: 27100
SUP1: 26800
SUP2: 26610 

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CORPORATE NEWS 27-DEC-2018

Dr.Reddy's launches Sevelamer Carbonate in US

Dr.Reddys Laboratories, in a filing to the exchanges on Thursday, informed that the company has launched Sevelamer Carbonate oral suspension in the US market.
"Dr.Reddy's Sevelamer Carbonate oral suspension is available in 0.8g and 2.4g packets in a count size of 90," the company added in a press note. "It is a therapeutic-equivalent/generic version of Renvela (sevelamer carbonate) but is an oral suspension that has been approved by the US Food and Drug Administration (USFDA)," the release added.

Suven Life Sciences secures product patents in Brazil and Eurasia

Suven Life Sciences Ltd said today that it has been granted a product patent from Brazil and Eurasia each for a new chemical entity used in the treatment of disorders associated with Neurodegenerative diseases. These product patents are valid through 2023 and 2034 respectively. We are very pleased by the grant of these patents to Suven for our pipeline of molecules in CNS arena that are being developed for cognitive disorders with high unmet medical need with huge market potential globally said Venkat Jasti, CEO of Suven.

L&T Construction wins contracts worth Rs2,357cr
Shares of Larsen and Toubro Ltd were trading flat on Thursday afternoon even as the company announced contract wins worth Rs2,357cr. The water and effluent treatment and transportation infrastructure businesses of Larsen and Toubro Ltd have secured a build and design order worth Rs1,281cr.
The scope of the contract includes investigation, designing and construction of roads, bridges, stormwater drains, culverts, water supply systems, sewerage systems, STP, utility ducts for power and ICT, reuse waterlines and avenue plantation. These should be compatible with trunk infrastructure in layouts for land pooling schemes for the villages of Kurunegala, Nidamarru in Zone 12A area at Amravati Capital City, Andhra Pradesh. This order is in continuation of the orders received earlier at Amravati Capital City, Andhra Pradesh.

Sun Pharma unit gets preliminary injunctive relief in US Court

DUSA Pharmaceuticals, Inc., a wholly owned subsidiary of Sun Pharmaceutical Industries announced that it has been granted preliminary injunctive relief by a federal district court prohibiting defendants Biofrontera Inc., Biofrontera Bioscience GmbH, Biofrontera Pharma GmbH, and Biofrontera AG (together known as Biofrontera) from using DUSA confidential and proprietary trade secret information.

The announcement made after market hours on Wednesday.
DUSA had filed a lawsuit against the Biofrontera defendants earlier this year in the US District Court for the District of Massachusetts. The lawsuit alleges trade secret misappropriation and patent infringement of DUSA photodynamic therapy (PDT) patents, US 9,723,991 and US 8,216,289, covering DUSA product, LEVULAN KERASTICK (aminolevulinic acid HCl) for a topical solution, 20% used with DUSA BLU-U Blue Light Photodynamic Therapy Illuminator.

Bajaj Auto to enter e-vehicles space by 2020

Bajaj Auto is looking to enter the electric vehicle space by 2020 with two and three-wheeler products, said Rajiv Bajaj, Managing Director of the company. Bajaj added that the company is aiming at 20-25% market share going forward from its current 15-20% share over the next 12 months. When asked if the next few months look difficult because of the global environment, he answered that the scenario, in fact, looked interesting and exciting on back of some interesting trends that are emerging.

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CORPORATE NEWS 16-OCT-2018

Piramal Enterprises mulls selling of pharma biz

Piramal Enterprises gained 3% on Tuesday after media reports said that the company is mulling sale of its contract pharmaceutical operations, which may fetch the company $1bn.

As per reports, Ajay Piramal, Chairman of the Piramal Group, is working with advisers to weigh interest in its contract development and manufacturing organization, Piramal Pharma Solutions. The company has already shared preliminary marketing materials with potential buyers.

ICICI Bank gains on RBI's approval of Sandeep Bakshi's appointment as MD & CEO

Shares of ICICI Bank were trading higher by 2.75% in Tuesday's session after the Reserve Bank of India (RBI) approved the appointment of Sandeep Bakhshi as MD & CEO of the bank.

The bank, in its BSE filing on Tuesday, stated that the RBI had approved the appointment of Sandeep Bakhshi as Managing Director & CEO of the bank for three years effective from October 15, 2018.

Alembic receives tentative USFDA approval for gNesina

Alembic Pharma has said that it has received tentative USFDA approval for its Alogliptin tablets, 6.25mg/12.5mg/25mg. Alogliptin is therapeutically equivalent to Takeda’s Nesina.

Alogliptin tablets are indicated as an adjunct to diet and exercise to improve glycemic control in adults with type-2 diabetes mellitus.

The USFDA approved Nesina in January 2013 and has seen a slower start after the launch. The drug was estimated to reach peak sales of ~$2.6bn by 2016 but has not even reached $100mn in the fifth year since its launch. According to IQVIA data, Nesina tablets had a market size of ~$65.6mn in CY2017.

Rakesh Jhunjhunwala raises stake in DHFL

Taking advantage of the ~60% drop in Dewan Housing Finance Corporation Ltd's (DHFL) stock late last month, seasoned investor Rakesh Jhunjhunwala raised his stake in the financial services company by 0.4%. With this, the ace investor now holds a 3.19% stake in the troubled housing finance company.

DHFL has been in the news recently after the company's shares plummeted on September 21, 2018, after its debt securities were reportedly sold at a higher yield. This had caused widespread panic in the market, especially on the back of the IL&FS meltdown, and led to a massive sell-off in DHFL stock.

Mukesh’s Reliance to buy stake in Hathway Cable, DEN Networks

Mukesh Ambani-led Reliance Industries (RIL) is all set to buy stake in Hathway Cable and Datacom and DEN Networks, as per an ET report.

RIL is investing in two of India’s largest cable TV and broadband service providers to fulfill its vision of ramping up coverage in its ambitious high-speed broadband network. The news reports added that RIL will probably acquire close to 25% in each of the boards allowing it to get a seat on the board and influence management decisions. What’s more, on the back of these developments, promoter stake in both firms are likely to drop which could lead to open offers.

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CS OPENING BELL: 15-OCT-2018

NIFTY SPOT DOWN 19 @10449

SENSEX SPOT DOWN 41 @34691

BANK NIFTY FUTURES DOWN 233 @25184

HAPPY TRADING!

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CS NIFTY FUTURES (OCT ) OVERVIEW

TREND BEARISH

RES2: 10680

RES 1:10550

SUP1:10200

SUP2:10090 

CS BANK NIFTY FUTURES (OCT ) OVERVIEW

TREND BULLISH

RES 2: 25930

RES 1: 25600

SUP1: 25100

SUP2: 24800 

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MARKET WRAP-UP 21-Sep-2018

Closing Bell: Volatile trade on D-Street, Sensex ends 279 pts lower, Nifty below 11,150; DHFL down 45%

A largely volatile day has come to a close and indices have ended on a negative note. But they are off the day’s low points. The Nifty has managed to give up 11,200 in today’s trade. The Sensex has closed over 200 points lower.

The day began on a strong note as good global cues and stronger opening on the rupee boosted sentiment in D-Street. The Sensex had risen 300 points in intraday trade. But a sharp selloff in the afternoon, led by a 50 percent crash in Dewan Housing Finance’s shares as well as on Indiabulls Housing weighed big on the market. The Sensex fell 1,000 points, while the Nifty had managed to breach 11,000-mark as well.

However, with managements of these NBFCs trying to allay fears and dismissing reports of debt defaults, the market staged a recovery. Reports also emerged that DSP Mutual Fund had managed to sell some short-term paper of DHFL at 11 percent discount in a bid to build liquidity against its exposure to IL&FS. This led to the massive fall in the market as well.

At the close of market hours, the Sensex closed down 279.62 points or 0.75% at 36841.60, while the Nifty ended lower by 91.30 points or 0.81% at 11143.10. The market breadth is negative as 596 shares advanced, against a decline of 2,071 shares, while 155 shares were unchanged.

HEADLINES OF THE DAY

Yes Bank stock plunges 18% as RBI cuts CEO Rana Kapoor's tenure

DHFL stock tanks over 45% intraday on default rumor

Sun Pharma gets Australian TGA approval of ILUMYA

The crucial resistance for Nifty spot is now seen at 11283 and above this 11390 Support for the immediate term is now placed at 11075 next support will be 10940.

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CapitalStars Research Expert view on Commodity Market for the week -22 to 27 Dec 2014

PRECIOUS METALS:-

IN THIS WEEK WE HAVE SEEN RANGE BOUND MOVEMENT IN BOTH THE PRECIOUS METALS i.e. GOLD & SILVER. SILVER HAS SHOWN MORE BEARISHNES THAN GOLD AS IT HAS IMPACTED FROM BASE METAL AS WELL.

IN THE COMING WEEK, PRECIOUS METALS WILL TRADE MIXED TO LOWER AS PRESSURE OF RISE OF INTEREST RATE IN U.S. IS SURE TO HAPPEN. ALSO STRONG DOLLAR & WEAK OIL PRICES WILL FURTHER ACT AS NEGATIVE FACTOR.

GOLD FEB CAN MOVE DOWNWARD TO THE LEVELS OF 26200 & THEN 25800 BREAKING SUPPORTS OF 26500 & 26000. REISTANCES ARE AT 27360 & 27700 LEVELS.

COMEX MARKET SUPPORTS ARE AT 1165 OUNCE & 1176 OUNCE & RESISTANCE ARE AT 1219 OUNCE & 1240 OUNCE.

SILVER MARCH CONTRACT IS ALSO IN BEARISH PAHSE & EXPECTED TO COME DOWN TO 35100 TO 34500 BREAKING SUPPORTS OF 36100 & 34900 LEVELS.

RESISTANCES ARE AT 37800 TO 38050 & 39350 LEVELS.

COMEX MARKET SUPPORTS ARE AT 15.40 CENT & 14.70 CENT & RESISTANCE ARE AT 16.85 CENT & 17.65 CENT.

BASE METAL SEGMENT:-

IN THIS WEEK WE HAVE SEEN RANGE BOUND MOVEMENT IN COPPER FEB CONTRACT. IT HAS MADE HIGH OF 414.90 & LOW OF 401.25 LEVELS.

IN THE COMING WEEK TOO, WE WILL GOING TO SEE SOME UPWARD MOVEMENT TO THE LEVELS OF 415-418 LEVELS WILL GET RESISTANCE OF 421-424 LEVELS & THEN COME DOWN TO 407-404 & 398-396 LEVELS BREAKING SUPPORTS OF 405 & 400 LEVELS

COMEX MARKET SUPPORTS ARE AT 2.84 MT & 2.78 MT & RESISTANCE ARE AT 2.97 MT & 3.01 MT.

ENERGY SEGMENT:-

CRUDE OIL JAN CONTRACT DROPED NEARLY 50% OVER THE PAST 6 MONTHS ON WORRIES ABOUT FAST GROWING U.S.SHAIL OIL SUPPLIES & ACCELERATED AFTER OPEC’s DECISION OF  NOT TO CUT OUTPUT IN NOV 2014. THIS IS FURTHER INDICATING AN OVER-SUPPLIED MARKET & BLEAK DEMAND.

IN COMING WEEK, WE CAN SEE SOME  RECOVERY IN THE OIL & IT CAN MOVE UPWARD TO 3750 TO 3850-3880 LEVELS BREAKING RESIATANCE OF 3690-3710 LEVELS & WILL FACE MAJOR RESISTANCE AT 3900-3935 LEVELS & THEN CAN COME DOWN TO 3500 TO 3430 LEVELS BREAKING SUPPORTS 3570 & 3500 LEVELS.

IN NYMEX MARKET, CRUDE OIL HAVING SUPPORTS AT 54.71 BARREL & 51.44 BARREL. REISTANCES AT 60.13 & 62.28 BARREL.

MARKET HAS WITNESSED VOLATILE MOVEMENTS IN NATURAL GAS DEC CONTRACT. IN THE COMING WEEK, WE WILL WITNESS A VOLATILE SESSION DUE TO EXPIRY OF NATURAL GAS DEC CONTRACT. NATURAL GAS DEC CAN COME DOWN TO 215 - 212 & 208 LEVELS ON BREACHING SUPPORTS OF 218 & 211 LEVELS. AT 208 LEVELS, NATURAL GAS IS EXPECTED TO GET STRONG SUPPORT & UPWARD MOVEMENT TO 225 & 239 TO 251 LEVELS CAN BE SEEN TECHNICALLY. FUNDAMENTALLY, MORE THAN 48 STATES OF U.S. IS EXPERENCING MILD TO WARMER TEMPERATURE & IT WILL EXPECTED TO BE CONTINUE IN COMING WEEK TOO. Moderate winter temperatures in the past week or so are expected to give way to colder temperatures beginning next week.

IN NYMEX MARKET, NATURAL GAS HAVING SUPPORTS AT 3.19 & 3.00 MMBTU. RESISTANCES ARE AT 3.74 & 4.11 MMBTU.

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