CORPORATE NEWS BY CAPITALSTARS 21 MAY 2019

Glenmark Pharma gets USFDA nod for Solifenacin Succinate tablets
Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (USFDA) for Solifenacin Succinate Tablets, 5 mg and 10 mg, a generic version of Vesicare Tablets, 5 mg and 10 mg1, of Astellas Pharma US, Inc.
According to CQ VIA sales data for the 12-month period ending March 2019, the Vesicare Tablets, 5 mg and 10 mg market achieved annual sales of approximately $942.7 million.
Glenmark's current portfolio consists of 154 products authorized for distribution in the U.S. marketplace and 58 and spending approval with the U.S. FDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.

GAIL India to consider bonus issue on May 27
GAIL India, in its press note to the exchanges, informed that the company's board will meet on May 27 to consider bonus issue.
"The board of directors will also consider, the audited financial results for the quarter/ year ended on March 31, 2019, and also to consider the recommendation of final dividend for FY19, if any," the company said in a press note after markets hours to the exchanges on Monday.

Thyrocare Techs founder offers to buy entire companies stake in a unit
Thyrocare Tech, in its press note to the exchanges, informed that Dr A. Velumani, Chainnan, Managing Director & CEO has offered to buy the entire shareholding of the company in Nuclear Healthcare Limited (NHL), the wholly owned subsidiary.
The offer made at the current investment value of Rs194.67cr to ensure that there is no loss to the public shareholders, the company said in a press note to the exchanges on Tuesday.

BHEL commissions two more units of Kaleshwaram project
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned two more pumping units (Units 3&4) of 116 MW each, of the 7x116 MW Kaleshwaram Lift Irrigation Scheme (LIS) Package-6 in Telangana.
BHEL had earlier commissioned units 1&2 of the same project in April 2019. Significantly, the pump for each unit is designed to lift 89.16 cumecs (cubic metres per second) of water by 105.5 metres.

Alembic Pharma receives USFDA approval for Solifenacin Succinate
Alembic Pharma, in its filing to the exchanges on Tuesday, informed that the company has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Solifenacin Succinate Tablets, 5 mg, and 10 mg, reacting to this, shares of the company climbed 1% on the BSE.
The approved ANDA is therapeutically equivalent to the reference listed drug (RLD), Vesicare Tablets, 5 mg, and 10 mg, of Astellas Pharma US, Inc. Solifenacin Succinate Tablet is a muscarinic antagonist indicated for the treatment of overactive bladder with symptoms of urge urinary incontinence, urgency, and urinary frequency.

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.  

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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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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 WRAP UP 03-JAN-2019

Closing Bell: Sensex ends over 370 points lower, Nifty below 10,700; metals, auto decline.

Equities are closing the session with cuts of over a per cent on both indices. The Nifty ended below 10,700, while the Sensex ended nearly 400 points lower. 

Amid an all-around sell-off among sectors, financials, automobiles, and metals bled, while investors also dumped in the midcaps space. 

All of this added to the volatility on the market. 

At the close of market hours, the Sensex was down 377.81 points or 1.05% at 35513.71, and the Nifty lower by 120.20 points or 1.11% at 10672.30. The market breadth was negative as 962 shares advanced, against a decline of 1,588 shares, while 151 shares were unchanged.

Asian Paints, HUL, and Bharti Infratel were the top gainers, while ONGC, M&M, IOC and Eicher Motors lost the most.

HEADLINES OF THE DAY

Mahindra Lifespace Developers signs agreement with Maharashtra Govt: Deep Mangal Developers, wholly owned subsidiary has signed a non-binding State Support Agreement with the Government of Maharashtra for the development of a world-class tourist destination in Murud in district Raigad.

Rupee to be in 70-72 range against the dollar in 2019: ICICI Bank

The government has notified Rs 28,600 crore bank recapitalisation bond allocation.

Mahindra & Mahindra Financial Services plans to raise up to Rs 3,500 crore through public issue of non-convertible debentures (NCDs).

Alembic Pharma gets USFDA approval: The company has received USFDA (US Food & Drug Administration) approval Pramipexole Dihydrochloride extended-release tablets, 0.375 mg, 0.75 mg, 1.5 mg, 2.25 mg, 3 mg, 3.75 mg, and 4.5 mg. L&T Construction has won orders worth Rs 1,060 crore.

The crucial resistance for Nifty spot is now seen at 10720 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.

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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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Nifty likely to open flat 2-JAN-2019

Indian Indices: Trends on SGX Nifty indicate a flat opening for the broader index in India, a rise of 11 points or 0.11 per cent. Nifty futures were trading around 10,934-level on the Singaporean Exchange.

Global Market:
Asian markets: Shares in Hong Kong are lower today as the Hang Seng falls 2.52%. The stock markets in Tokyo and Shanghai are closed at this time.
 US Markets: US stocks post worst year in a decade.
 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:
Rupee opens marginally lower at 69.52 per dollar


Trend in FII flows:- The FIIs were Net Value of Rs -48.19 segment while the DIIs were Net Value of 142.58 the provisional figures.



Securities in Ban For Trade Date 02-JAN-2019
1.Adanipower

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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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MARKET WRAP UP 1-JAN-2018

Closing Bell: Equities begin New Year on a strong note, Nifty reclaims 10,900; financials rally.

Its a strong start to the New Year for equities as bulls took complete charge in the last hour of trade. The Nifty reclaimed 10,900-mark setting it on track to move towards 11,000 as well. Meanwhile, the Sensex ended above 36,000-mark.  Barring auto and consumption sectors, all other sectors ended in the green. HDFC Group twins and ICICI Bank supported the rally.  At the close of market hours, the Sensex was up 186.24 points or 0.52% at 36,254.57, while the Nifty was higher by 47.60 points or 0.44% at 10910.10. The market breadth was narrow as 1,437 shares advanced, against a decline of 1,091 shares, while 147 shares were unchanged.
Bharti Airtel and HDFC were the top gainers, while M&M, Tata Steel, and Hindalco lost the most.

HEADLINES OF THE DAY


SML Isuzu December auto sales down 16 percent at 817 units versus 974 units, YoY.
M&M December auto sales: Total auto sales at 39,755 units against 39,200 units, while tractor sales were down 6 percent at 17,404 units versus 18,488 units, YoY
Satin Creditcare assigned 3 pools of receivables of Rs 755 crore to banks
Torrent Power is considering NCD issuance through private placement basis on February 5, 2018.
Centrum Capital shares gained 5 percent intraday Tuesday after the company completed acquisition of supply chain finance business from L&T Finance.
CMI secured 1 position for supply of Cadmium Catenary Wire to East Coast Indian Railways for a value of Rs 106.64 crore.

The crucial resistance for Nifty spot is now seen at 11110 and above this 11350 Support for the immediate term is now placed at 10800 next support will be 10650.

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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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MARKET WRAP UP.

Closing Bell: Sensex ends 2018 on a flat note, Nifty below 10,900; midcaps outperform.

Its a rather sombre end to the market on the last trading session of 2018. Mixed Asian and European cues kept the market in check. The Nifty ended 2018 below 10,900. Weakness was visible among index heavyweights, which dragged the indices. Meanwhile, among sectors, auto, metals and pharmaceuticals were all trading in the green.  At the close of market hours, the Sensex was down 8.39 points or 0.02% at 36068.33, and the Nifty up 2.60 points or 0.02% at 10862.50. The market breadth was narrow as 1495 shares advanced, against a decline of 1095 shares, while 164 shares were unchanged. Tata Steel, Vedanta, and JSW Steel were the top gainers, while Hero MotoCorp, Axis Bank, Bharti Airtel and Bharti Infratel lost the most.

HEADLINES OF THE DAY


Bharat Financial Inclusion gained 1 percent and CreditAccess Grameen rallied 3 percent intraday Monday after the completion of direct assignment transaction. State-run BHEL said it has bagged an order worth Rs 3,500 crore for setting up a 660 MW supercritical thermal power plant in West Bengal. DCB Bank advanced a percent after CRISIL upgraded its credit rating to AA-/Stable from A+/Stable for the Basel III Complaint Tier II bonds programme of Rs 150 crore by the bank. Cadila Healthcare shares gained 1.5 percent intraday after Zydus received approval from the US health regulator for anti-acne drug. Reliance Communications and Reliance Jio announced that they have extended the terms of an agreement for sale of wireless assets of the Anil Ambani owned firm.


The crucial resistance for Nifty spot is now seen at 10960 and above this 11120 Support for the immediate term is now placed at 10710 next support will be 10550.

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Nifty Like to open 28-DEC-2018

A morning walk down Dalal Street | Minor pullback likely in metal, auto, cement & pharma sectors.

Indian Indices: Crude and rupees trajectory will be crucial for the market, going ahead.

Global Market: Asian markets: Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.47% while the Hang Seng is up 0.08%. The Shanghai Composite is not trading.
US Markets: US stock futures point to mixed Friday open amid roller coaster week.
European markets: European markets finished broadly lower today with shares in Germany leading the region. The DAX is down 2.37% while London's FTSE 100 is off 1.52% and France's CAC 40 is lower by 0.60%.


Major Headlines of the day:

Stocks To Watch
Lemon Tree Hotels entered into a joint venture with private equity firm-Warburg Pincus affiliate Magnolia Grove Investment with a primary focus on co-living. This joint venture marks the entry of the company into a new business segment for rental housing accommodation for students and working professionals. The Joint Venture partners will initially invest Rs 1,500 crore in equity over a period of time, with an option to invest another Rs 1,500 crore. Warburg Pincus will hold 68 percent stake while Lemon Tree Hotels will hold 30 percent stake and the balance stake will be held by Patanjali Keswani.
 United Bank of India: Government said it would infuse Rs 2,159 crore in the equity capital via preferential allotment. (Heres how much other banks are expected to get)
 Kansai Nerolac entered in to share-purchase agreement with Perma Construction Aids for Rs 29.1 crores. The target company belongs to construction chemicals industry and the paint company says the acquisition will be completed by Jan. 28.

 Hindustan Construction Company raised Rs 498 crore via a rights issue. The promoter stake in the company has increased from 27.8 percent to 33.12 percent.

 Majesco's U.S. Insurance arm announced Jan. 7 as record date for rights offering to its shareholders at $7.1 per share. The company says it will use the net proceeds from this offering to fund the remainder of the Exaxe acquisition, pay off debt and accelerate cloud growth. Ashoka Buildcons board approved raising Rs 150 crore via non-convertible debentures. WABCO India clarified that the news of Wabco signing $950 million supply pact with commercial vehicle maker is for its parent company and not for the Indian arm. Corporation Bank appointed Canara Banks Executive Director PV Bharathi as its Managing Director and Chief Executive Officer till March 2020.


Trend in FII flows:- The FIIs were Net Value of Rs 1731.91 segment while the DIIs were Net Value of -663 the provisional figures.

Securities in Ban For Trade Date 28-dec-2018
1.Adani power

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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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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

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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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