Market Live By CapitalStars 30/July/2019

Nifty likely to open higher.

The Nifty50 is likely to open higher on Tuesday following Asian markets which were trading with a positive bias as equity investors are building in hopes for an expected U.S. interest rate cut this week. The U.S. Federal Reserve begins a two-day policy meeting later on Tuesday, at which it is widely expected to lower interest rates by 25 basis points. If implemented, it would be the central bank first rate cut in a decade, said a Reuters report. The Dow Jones Industrial Average rose 28.96 points to 27,221.41, the S&P 500 lost 4.88 points to 3,020.98, and the Nasdaq Composite dropped 36.88 points, to 8,293.33. Trends on SGX Nifty indicate a positive opening for the broader index in India, with 0.22 percent gain or 25 points. Nifty futures were trading around 11,236-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 0.68% while the Hang Seng is up 0.51%. The Shanghai Composite is not trading.

US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 1.48% and the Bovespa rose 0.65%. The S&P 500 lost 0.16%.

European Markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 1.82%, while the CAC 40 led the DAX lower. They fell 0.16% and 0.02% respectively.

Major Headlines of the day:

Rupee stands at 68.75 per dollar.

DLF's Q1FY20 net profit soars 140% yoy to Rs413cr Net sales of Rs705cr in this quarter have been achieved and the co. expects this momentum to continue.

Strides Pharma adj. PAT at Rs52.3cr in Q1FY20 For the quarter, EBITDA stood at Rs123.9cr, a growth of 155% yoy vs. Rs48.6cr over the corresponding quarter of the previous year.

Earnings Reaction To Watch

AXISBANK

BANK OF INDIA

CHOLAMANDALAM

DISHTV

GRANUELS

GULF OIL LUBRIC

HEROMOTOCO

NMDC

ORIENT ELECTRIC

PEL

PNB HOUSING FIN

TECH MAHINDRA

VIP INDUSTRIES

Trend in FII flows:- The FIIs were Net Value of Rs -704.42 segment while the DIIs were Net Value of 1351.64 the provisional figures.

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CORPORATE NEWS CapitalStars 15/July/2019

Indigo board likely to question co-promoter Rakesh Gangwal on Jul 19

Board members of InterGlobe Aviation Ltd (IGAL) are likely to question co-promoter Rakesh Gangwal regarding his allegations against the independent directors, according to Business Standard and ET reports.

The company's board meeting has been scheduled for 19 July to take into account the June quarter results.

Shares of Indigo were trading up by ~2%.

Some IndiGo board members may also question Gangwal next week on the nature of the "exclusive parleys" with engine maker Pratt & Whitney (PW) ahead of the airline's latest engine order.

BHEL, CONCOR set up rail-based logistics terminal at Haridwar

Aimed at leveraging Bharat Heavy Electricals Limited (BHEL)'s strategic location and Container Corporation of India Limited (CONCOR)'s expertise in logistics, the two companies have signed an agreement to form a Joint Working Group (JWG) named BHELCON, for jointly setting up a Rail-based Logistics Terminal at Haridwar.

Significantly, with this, BHEL is making a strategic entry into a new growth area. This terminal will further be developed into a multi-modal-logistics-facility.

In addition to meeting BHEL's own requirements, the terminal will also cater to the large number of industries located in the neighboring SIIDCUL as well as other industrial clusters in the vicinity of the terminal.

DHFL clarifies that it is working with creditors for resolution without haircut

Shares of DHFL extended its losses in today trade and touched the lower circuit at Rs51.35 on the BSE. The company said in a press note that the entire set of management notes are basis its intent to be prudent and conservative inadequately providing-for in results.

Some of the media have used select portions of our statement and created panic/ confusion especially regarding the statement on the going concern.

Sun Pharma launches Ezallor Sprinkle (Rosuvastatin) in US

Sun Pharmaceutical Industries announced the US launch of Ezallor Sprinkle (rosuvastatin) capsules for the treatment of three types of elevated lipid disorders in people who have difficulty swallowing, a problem that is estimated to affect ~30- 35% of long-term care residents.

With the introduction of Ezallor Sprinkle, Sun Pharma continues our commitment of providing a portfolio of alternative formulation products to address the needs of people who have difficulty swallowing, which is especially prevalent among residents in long-term care facilities, said Abhay Gandhi, CEO, North America, Sun Pharma.

Indoco Remedies Goa plant-1 gets USFDA warning letter

Shares of Indoco Remedies fell 7% in late morning trade on Monday as the company has received a Warning Letter from the United States Food and Drug Administration (USFDA) for its Oral Dosages Plant, situated at L -14, Verna Industrial Road, Goa (Plant I), as a result of the inspection carried out in January 2019.

The facility had received 6 observations in Form 483s and was classified as (Official Action Indicated in March 2019. The company responded to these observations with a detailed remediation plan, the implementation of which is still on-goin.

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Nifty records worst fall since October 2018; over 22 stocks fall 20-50% in June

The index finally closed 52.70 points lower at 11,788. The index closed below its 5-day EMA, 20-EMA, as well as 13-EMA which does not augur well for the bulls.

The Nifty50, which had hit a record high of 12,103 on June 3, failed to keep the momentum going and closed with losses of 1.12 percent in June. The index recorded its worst fall since October 2018 when it fell by nearly 5 percent.

The index moved in a range and retested its crucial 50-days exponential moving average (EMA) for seven consecutive days in a row before bouncing back towards 11,900 levels. However, selling pressure at higher levels pushed the index below 11,800.

The index finally closed 52.70 points lower at 11,788. The index closed below its 5-day EMA, 20-EMA, as well as 13-EMA which does not augur well for the bulls.

The S&P BSE Sensex might have lost a little over 300 points or 0.8 percent in June, but the real carnage was seen in the broader market space. The S&P BSE Midcap and the S&P BSE Smallcap index fell 4.2 percent and about 2 percent respectively for the month of June.

More than 70 percent of the stocks or 356 in the S&P BSE 500 index gave negative returns in the same period. As many as 21 stocks in the 356 stocks fell 20-50 percent which include names like Jet Airways, Jain Irrigations, Reliance Infra, Reliance Capital, PC Jeweller, Reliance Power, and Reliance Communications, etc. among others.

Most of the stocks mentioned in the list are value traps, and investors should not try to catch the falling knife, suggest experts.

“The mentioned stocks are certainly not value buys, but definitely Value Traps. Investors misunderstand the meaning of value to something which is available cheap,” Lovelesh Sharma, Head of Research – Epic Research, told Moneycontrol.

“This is not right since it is manifested through biases that an investor develops while looking at prices, when the price falls to an extent of say more than 50 percent. In an established bullish trend, a Value stock or Value buy would certainly be in tandem or likely to outperform its peers or the index,” he said.

Sharma further added that, even if there is any price drop or say correction in value buy, it should be an outcome of a slowdown in that sector. But, here the stocks that we are seeing are debt-ridden, have compliance and governance issues, and some of them are now going through NCLT.

Most of the stocks which fell double digits in the S&P BSE 500 index also hit their respective 52-week low. As many as 88 stocks in the S&P BSE 500 index hit their fresh 52-week low which includes names like YES Bank, Reliance Infra, SPARC, Indiabulls Housing Finance, IDFC, BOSCH, Biocon, Andhra Bank, Indiabulls Ventures, Wockhardt, etc. among others.

As many as 13 stocks fell 50-70 percent in June which include names like Eros International, Cox & Kings, Sintex Industries, High Ground Enterprise, Jet Airways, Omkar Speciality, and McLeod Russel India Ltd.

“The smallcap space has been in pressure for a while and, in recent months, it has been oscillating in a range. If we observe closely, the stocks which have fallen more than 20 percent are mostly those which are affected with huge debt or corporate governance issues,” said Sharma.

The market breadth has been a concern for the market especially at a time when benchmark indices hit fresh record highs. Nearly 300 stocks in the BSE500 stocks are trading below their long-term moving average (200-DMA) in June.

They include marquee names like ITC, Maruti Suzuki, Asian Paints, Hindustan Zinc, IndusInd Bank, Avenue Supermarts, Tech Mahindra and Dabur India, among others.

Experts feel that there is a possibility that we might have hit an intermediate top in June, and a breakout above the recent top of 12,103 on the Nifty and 40,312 on the Sensex recorded in June is still some time away.

“The current anatomy of the market structure is fractured; a high number of stocks are trading below 200 EMAs. Budgets are indeed important to set the right policy initiatives for the economy,” Umesh Mehta, Head of Research – SAMCO Securities, told Moneycontrol.

“However, the mood of the street is not positive and therefore policy initiatives, if any, will not be immediately reflected in the stock prices. Therefore, we believe the market might have achieved an immediate top and a breakout above the recent is not likely to happen in near term,” he said.

Source: https:// www.moneycontrol.com /news/business/stocks/nifty-records-worst-fall-since-october-2018-over-22-stocks-fall-20-50-in-june-4151321.html

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Closing Bell By CapitalStars 01/Apr/2019

DAILY NIFTY SMART MOVERS 

SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME

Tata Motors - DVR

92.50 85.80 7.81 6.70 612.49

Tata Motors

187.00 174.30 7.29 12.70 2923.78

Hindalco

216.15 205.35 5.26 10.80 1146.51

Apollo Hospital Ent.

1268.10 1220.95 3.86 47.15 41.62

Lupin

766.00 739.10 3.64 26.90 200.90

DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME

REC 145.75 152.85 -4.65 -7.10 586.61

Shriram Trans. Fin 1225.05 1273.40 -3.80 -48.35 26.16

DLF 195.10 201.60 -3.22 -6.50 981.99

Zee Entertainment 430.90 444.30 -3.02 -13.40 294.23

Bajaj Hold & Invest 3333.00 3418.05 -2.49 -85.05 2.42

BEST CALL OF THE DAY (FINAL TG )

FUTURE PREMIUM 

BUY HEXAWARE FUT FINAL TGT 

NIFTY FUT

BUY NIFTY FUT FINAL TGT 

SELL BANK NIFTY FUT FINAL TGT 

OPTION INTRADAY 

BUY LT CALL 1400 FINAL TGT 

FUTURE INTRADAY 

BUY LT FUT FINAL TGT 

CASH INTRADAY 

BUY HINDALCO IN CASH FINAL TGT 

INDEX OPTION 

BUY NIFTY CALL 11400 FINAL TGT 

BLUECHIP OPTION 

BUY HINDALCO CALL 200 FINAL TGT 

BLUECHIP FUT 

BUY HEXAWARE FUT FINAL TGT 

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Closing Bell By CapitalStars 07/Mar/2019

DAILY NIFTY SMART MOVERS 

SCRIPTS PRICE VOLUME (IN 000�S) PRE. CLOSE CHANGE (%) CHANGE (Rs.)

PNB 85.20 4429.16 82.25 3.59 2.95

Larsen & Toubro 1351.25 349.20 1314.95 2.76 36.30

Bank Of Baroda 115.15 1440.98 112.20 2.63 2.95

Vodafone Idea 31.95 4211.49 31.20 2.40 0.75

NMDC 108.75 253.98 106.70 1.92 2.05

DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE VOLUME (000�S) PRE. CLOSE CHANGE (%) CHANGE (Rs.)

Bharat Electronics 89.25 584.44 92.15 -3.15 -2.90

Wipro 268.80 1545.82 277.40 -3.10 -8.60

Coal India 235.15 304.81 242.65 -3.09 -7.50

Divis Lab 1652.65 28.59 1704.35 -3.03 -51.70

Indian Oil Corp. 150.55 473.17 154.75 -2.71 -4.20

BEST CALL OF THE DAY (FINAL TG )

INDEX OPTION 

BUY NIFTY CALL 10600 FINAL TGT 

OPTION INTRADAY 

BUY LT CALL 1320 FINAL TGT 

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Closing Bell By CapitalStars 15/Feb/2019

DAILY NIFTY SMART MOVERS 

SCRIPTS PRICE VOLUME (IN 000�S) PRE. CLOSE CHANGE (%) CHANGE (Rs.)

Edelweiss Financial 140.00 206.55 131.65 6.34 8.35

NTPC 136.20 354.76 130.80 4.13 5.40

BPCL 327.15 159.93 315.10 3.82 12.05

GAIL India 318.00 182.47 307.65 3.36 10.35

Bharti Infratel 307.00 118.42 297.35 3.25 9.65

DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE VOLUME (000�S) PRE. CLOSE CHANGE (%) CHANGE (Rs.)

Page Industries 21982.20 6.14 23964.50 -8.27 -1982.30

Glenmark Pharma 569.65 266.00 608.25 -6.35 -38.60

Ashok Leyland 80.10 4325.72 84.50 -5.21 -4.40

JSW Steel 267.20 357.89 280.45 -4.72 -13.25

Lupin 775.80 124.94 810.85 -4.32 -35.05

BEST CALL OF THE DAY (FINAL TG )

INDEX OPTION 

BUY NIFTY PUT 10900 FINAL TGT 

HNI OPTION 

BUY ULTRACEMCO PUT 3400 FINAL TGT 

OPTION PREMIUM 

BUY TECH M PUT 780 FINAL TGT 

FUTURE PREMIUM 

SELL TITAN FUT FINAL TGT 

BLUECHIP OPTION 

BUY HINDALCO PUT 190 FINAL TGT (14TH FEB)

HNI FUTURE

SELL BHARATFORG FUT BOOKED 50% 

EQUITY KING 

SELL AUROPHARMA FUT BOOKED 50% 

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Nifty likely to open higher 07-JAN-2019

Indian Indices: All sectors are trading in the green, with maximum gains seen among metals, automobiles, consumption, as well as financials.

Global Market: Asian markets: Japanese shares are higher today as the Nikkei 225 gains 2.68%. The stock markets in Hong Kong and Shanghai are closed at this time.
US Markets: Dow jumps more than 700 points, propelled by Powell's comments and a blowout jobs report.
European markets: European markets closed sharply higher on Friday with shares in Germany leading the region. The DAX is up 3.37% while France's CAC 40 is up 2.72% and London's FTSE 100 is up 2.16%.


 Major Headlines of the day:

Rupee gains 30 paise in the opening, trades at 69.42 per dollar.

ONGC to invest Rs 6,000 crore in drilling wells in Assam.


 The trend in FII flows:- The FIIs were Net Value of Rs -157.72 segments while the DIIs were Net Value of 240.6 the provisional figures.


Securities in Ban For Trade Date 07-jan-2019
1.Adani power
2.Jetairways

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CS OPENING BELL 3-JAN-2019

NIFTY SPOT DOWN 30 @10756
SENSEX SPOT DOWN 104 @35790
BANK NIFTY FUTURES DOWN 16 @27275
HAPPY TRADING!
WWW.CAPITALSTARS.COM+919977499927
CS NIFTY FUTURES (JAN ) OVERVIEW

TREND BEARISH
RES2: 11070
RES 1:10980
SUP1:10720
SUP2:10600 

CS BANK NIFTY FUTURES (JAN ) OVERVIEW

TREND BULLISH 
RES 2: 27600
RES 1: 27480
SUP1: 27200
SUP2: 26900

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Nifty likely to open higher 31-DEC-2018

Indian Indices: Nifty has been flirting to its 50-DEMA from last 38 trading sessions and got stuck in a broader trading range with crucial hurdle at 10950-10985 zones.

Global Market:

 Asian markets: Shares in Hong Kong are higher today as the Hang Seng gains 1.60%. The stock markets in Tokyo and Shanghai are closed at this time.

 US Markets: U.S. Stock Futures Rally After Trump-Xi `Big Progress' Phonecall.

  European markets: European markets closed sharply higher on Friday with shares in London leading the region. The FTSE 100 is up 2.27% while France's CAC 40 is up 1.74% and Germany's DAX is up 1.71%.

 Major Headlines of the day:

 Stocks To Watch

 Marico: Minimum Support Price for Copra has been hiked by over Rs 2,000 per quintal for 2019 season by CCEA. The MSP of Copra has been increased from Rs 7,511 per quintal to Rs 9,521 per quintal. (Bloomberg News-All India Radio) IDBI Bank allotted 239 crore shares via preferential issue to LIC at a price of Rs 60.73 per share aggregating to Rs 14,500 crores in tranche 1. This exercise is the part of ongoing acquisition of 51 percent controlling stake by LIC in IDBI Bank. Aavas Financiers received fresh refinance assistance of Rs 500 crore from National Housing Bank. The company says that this refinance will strengthen the liquidity position of the company and will provide a strong boost to retail home loan activities in semi-urban and rural areas. Power Grid Corporation entered into a loan agreement for 200 million euros with Germanys KfW for the financing of transmission project for integration of clean energy and system strengthening. Government conveyed its decision to invest Rs 5,500 crore in Oriental Bank of Commerce by way of preferential allotment. The meeting to consider this capital raise will be held on Jan. 2.   JK Cement approved qualified institutional placement Issue price at Rs 695.8 per share which is at a discount of 5 per cent to the floor price of Rs 732.42.

credit access Grameen completed a direct assignment transaction of Rs 176.59 crore. The company says that with this transaction, the entity has completed five secularisation transactions and two direct assignment transaction amounting to Rs 909.70 crore in the financial year 2019. The financial services company also stated that the entire pool qualifies for priority sector treatment as per the Reserve Bank of Indias Priority Sector lending guidelines. Rane Holdings increased its stake in its arm Rane Madras Ltd. from 3.05 per cent to 61.64 per cent for a consideration of Rs 20 crore. Manali Petrochemicals clarified that there was no strike or lockout and no insurance cover based on notice received from the Pollution Control Board for the closure of Plant 1 on Dec. 25. The company also stated that quantum of loss would depend on the period of closure and the company has taken actions for an early restart to recoup the production loss.

Karnataka Bank raised its deposit interest rate by 10 basis points for domestic and NRE Rupee term deposits to 7.40 per cent with effect from Dec. 28. Government conveyed its decision to invest Rs 1,632 crore in Syndicate Bank by way of preferential allotment of equity shares. Piramal Enterprises said it was considering raising Rs 100 crore via NCDs on Jan.2. Central Bank of India's board approved raising Rs 200 crore via employee stock option.

 Ashok Leyland changed its object clause in which the company will engage in the business of developing, manufacturing and selling light commercial vehicles up to 7.5-tonne gross vehicle weight, powertrain for LCVs, and spare parts in India and other countries. This change in object clause comes after NCLT approved the order of amalgamating its three arms with as on Dec. 17.

Omaxe clarified that the NCLT issuing contempt notice against its CMD Rohtas Goel was wrongly interpreted as the notice is related in Buildwell Builders Pvt. Ltd., where Rohtas Goel is the director as well as the shareholder. There is no effect on the operations or the performance from the above news as stated by the company.

 Bank of Baroda to consider raising funds on Jan. 02 through Basel III compliant tier II bonds.

Tata Investment Corporation fixed Jan.11 as the record date for buy-back.

 Infibeam Avenues terminated the proposed acquisition in the entire stake of Unicommerce, as the conditions precedent were not fulfilled within the stipulated time period. NLC India commissioned 1000 MW (2*500 MW) of the thermal power project. The project has been completed in four months as against a target of six months. Asian Granito's promoter and MD was arrested by Directorate of Revenue Intelligence for a case related to an amount of Rs 3.5 crore. Currently Mukeshbhai Patel is out on bail.

Fortis Healthcare: Pursuant to share issue, IHH prefers to align its auditors on a group-wide basis which may streamline the audit process and bring inefficiencies. After due consideration, Deloitte the statutory auditors have tendered their resignation.

Cadila Healthcare: received final approval from the U.S. FDA to sell an anti-acne medication. The drug will be made in Ahmedabad facility.

Bank of India: Government to infuse Rs 10,086 crore via equity in the bank. Board to consider resolution for the same on Jan. 02.

 Bharat Financial Inclusion: NBFC assigned a pool of receivables of an aggregate value of Rs 849.36 crore to private sector banks on a direct assignment basis. With this transaction, the Company has completed five direct assignment transactions worth Rs 3,864.91 crore in the current financial year.

 Kotak Mahindra Bank in focus today as it is the RBI deadline date for owner Uday Kotak to cut stake in the company.

The trend in FII flows:- The FIIs were Net Value of Rs -119.6 segment while the DIIs were Net Value of 1199.4 the provisional figures.

Securities in Ban For Trade Date 31-DECEMBER-2018

1.Adani power

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