Nifty likely to open higher 3-JAN-2018

Indian Indices: Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 23.5 points or 0.22 per cent. Nifty futures were trading around 10,855-level on the Singaporean Exchange.

Global Market:

Asian markets: Shares in Hong Kong are lower today as the Hang Seng falls 0.60%. The stock markets in Tokyo and Shanghai are closed at this time.

US Markets: Asia shares mostly higher as US futures point to further turmoil stateside.

European markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.20% and the FTSE 100 rose 0.09%. The CAC 40 lost 0.87%.

Major Headlines of the day:

Stocks To Watch

Tata Power: Maharashtra Electricity Regulatory Commission gave the green signal to Mumbai Transport Undertaking BEST to extend its existing 667MW power purchase agreement with the company for five years till March 2024. This power will be supplied from Tatas Trombay Thermal and Hydro Plants.

 Asian Granito clarified that it has already paid Rs 3.5 crore differential duty under protest based on the findings of Directorate of Revenue Intelligence and cannot assess the impact of such default at this stage.

 Advanced Enzymes Technologies: Piyush Rathi resigned from Chief Business Officers post with effect from Jan. 2.

Equitas Holdings: Equitas Small Finance Bank hiked its interest rate across various tenors with effect from January 1. For deposits from Rs 30-50 crore the rate stands at 7.5 percent.

Bank of Indias board approved increasing authorized capital from Rs 3,000 crore to Rs 6,000 crore and capital raising plans via equity shares and tier-I and tier-II capital bonds, while the shareholders have given their nod in respect issue of preferential shares to the government for Rs 10,086 crores.

 Autoline Industries entered into an investment contract with IndiaNivesh Renaissance Fund wherein the fund will invest Rs 35 crore in the company.

 Jindal Steel and Power named Sudanshu Saraf as CEO of steel operations with effect from Jan. 1.

S Chand and Company extended its first tranche investment from Dec. 31 to Jan. 31 due to certain precedent conditions not yet completed by its target company Chetna Publications LLP.

 ICRA revised its outlook for Motherson Sumi Systems from Positive to Stable across various rated instruments worth Rs 1,808 crore.

 Indian Oil Corporation said it did not plan to recover the losses incurred due the governments decision in October asking the fuel retailers to cut gasoline and diesel prices by Rs 1 per liter says Chairman Sanjiv Singh. (Bloomberg News) Public Sector Bank Update: The cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda.

Trend in FII flows:- The FIIs were Net Value of Rs -621.06 segment while the DIIs were Net Value of -226.18 the provisional figures.

Securities in Ban For Trade Date 03-DECEMBER-2019

1.Adanipower

Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading 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

Read More

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

Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading 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

Read More

CS OPENING BELL 28-DEC-2018

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

WWW.CAPITALSTARS.COM+919977499927

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 

---

Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading 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

Read More

CORPORATE NEWS 10-DEC-2018

HCL Tech signs new five-year IT transformation deal with Aegon

As per the exchange notification, HCL Tech has announced a new five-year contract with multinational life insurance, pensions, and asset management company, Aegon.

The application services deal will see HCL Tech continue as Aegon’s digital transformation partner, helping it accelerate innovation by establishing and managing a new multi-vendor ecosystem. HCL Tech will also help implement an agile delivery model to reduce Aegon’s time to market and introduce greater efficiencies through improved application lifecycle management and automation.

Tata Motors Group global wholesales down 7% yoy in Nov due to overall weakness

Tata Motors Limited (TML) sold 1,04,964 vehicles globally in November 2018, down 7% yoy. Sales were 4% lower compared to October 2018. The combined sales of Jaguar and Land Rover (JLR) were 49,312 vehicles, 9% lower than November 2017 and 5% higher than October 2018.

At 66,429 vehicles, total passenger vehicle sales were 7% lower yoy and 2% higher mom. Commercial vehicle sales, which were riding on a cyclical upswing, faltered in November 2018 due to weak festive sales in India. Consequently, CV volumes were lower 6% yoy and 13% mom at 38,535 units.

Lupin’s Pithampur unit-3 receives EIR from USFDA

Lupin, in its filing to the exchanges on Monday, informed that its Unit-3 in Indore received the Establishment Inspection Report (EIR) from the US Food & Drug Administration (USFDA). Despite this, shares of the company slumped 3%.

The inspection at the site was conducted between June 12, 2017 and June 16, 2017. "This was a pre-approval inspection for Albuterol Sulfate Inhalation product. Lupin’s Pithampur (Unit 3) facility manufactures Dermatological Products, Dry Product Inhalers and Metered Dose Inhalers," the company said in a press note.

Kotak Mahindra tanks ~6% after it files petition against RBI

Shares of Kotak Mahindra Bank have fallen by ~6% following the news that it has moved the Bombay High Court after the Reserve Bank of India restricted it from reducing promoter holding using preference shares. The bank said that it has filed a writ petition to “protect its interests” as a “matter of abundant caution.”

In August, Uday Kotak proposed to reduce his promoter holding in the bank using preference shares rather than bringing down his share of common equity. Within 10 days of the proposal, the RBI told Kotak that the Perpetual Non-Convertible Preference Shares (PNCPS) route to dilute promoter shareholding was not acceptable.

Escorts enters into JV with Kubota (Japan) for manufacturing high-end tractors

India’s leading agriculture equipment maker Escorts Ltd (Escorts) has entered into JV with Kubota Corporation, Japan, for developing high-end tractors for the domestic and export markets.

As per Escort’s press release to exchanges, the new JV will be formed with an initial investment of Rs300cr. Kubota will own 60% in the JV while Escorts will own the remaining 40%. The plant will have an initial manufacturing capacity of 50,000 tractors and will come up in FY21.

Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading 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

Read More

CS OPENING BELL 07-DEC-2018

NIFTY SPOT UP 40 @10641

SENSEX SPOT UP 161 @35460

BANK NIFTY FUTURES UP 100 @26372

HAPPY TRADING!

WWW.CAPITALSTARS.COM+919977499927

CS NIFTY FUTURES (DEC ) OVERVIEW

TREND BEARISH

RES2: 10920

RES 1:10760

SUP1:10510

SUP2:10430 

CS BANK NIFTY FUTURES (DEC ) OVERVIEW

TREND BULLISH

RES 2: 26510

RES 1: 26380

SUP1: 26100

SUP2: 25900

 Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading 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

Read More

CORPORATE NEWS 09-OCT-2018

BHEL wins Rs2,900cr orders for emission control equipment from NTPC

Bharat Heavy Electricals Ltd (BHEL) has bagged four orders for emission control equipment from NTPC Ltd. Valued at about Rs2,900cr, these orders involve the supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx emissions at NTPC's 3x660 MW North Karanpura, 2x500 MW Mauda Stage-I, 3x660 MW Barh Stage-I and 2x660 MW Barh Stage-II power projects.

BHEL has been a major player in this area for more than a decade and one of the earliest entrants in the Indian market for emission control equipment, having successfully executed the FGD system at Tata Power’s Trombay Unit 8 in 2008. With these orders, BHEL is presently executing FGD systems for 17 units of NTPC and its JVs, other projects being 3x250 MW Bongaigaon, 2x490 MW National Capital Power Station (NCPS) at Dadri, and 2x660 MW Maitree in Bangladesh. Overall, BHEL has contracted FGD orders for 32 units from various customers till date.

Tata Motors tanks 13% on JLR volume and temporary plant shutdown concerns

The stock of Tata Motors Limited (TML) took a severe beating in trade today due to bad news emanating from its luxury car brand Jaguar Land Rover (JLR) with respect to volumes. It reported 12% yoy lower retail volumes and 2% yoy lower wholesale volumes in September 2018. Additionally, the company announced that it would halt production at its Solihull (England) facility for two weeks owing to lower demand for its models. Click here for the production halt story. All this led to a 13% cut in its share price as investors exited the stock in panic.

Sadbhav Infra’s arm wins arbitration against NHAI;

Shares of Sadbhav Infrastructure were trading 3% higher in the morning session on Tuesday as its subsidiary Nagpur Seoni Express Way Limited (NSEL) won an arbitration award against NHAI.

From the date of award till the final payment, NSEL shall receive interest at the rate of 12% per annum. Additionally, NSEL will get 19 semi-annual annuity amounts of Rs21.79cr instead of Rs19.19cr presently paid by NHAI making the total award amount of Rs110.50cr, the company said in a press release to the exchanges on Monday after market hours.

Coal India inks MoU with NLC to form JV for power generation projects

Coal India has inked an MoU with NLC India to form a joint venture (JV) for setting up solar and thermal power projects across the country.

As per an MoU, both the companies will have an equal equity participation of 50:50 in the JV. The new joint venture has a timeline of 15 months for the completion of solar power projects and 60 months for thermal power projects, both the companies said in their respective press notes to the exchanges on Monday after market hours.

NBCC (India) JV executes accord on redevelopment worth Rs250cr

NBCC has executed an MoU with Government of Rajasthan for the redevelopment of old MREC campus at Gandhi Nagar, Jaipur, amounting to Rs250cr.

“Real Estate Development & Construction Corporation of Rajasthan Ltd (REDCCOR: 50-50% JV of Govt. of Rajasthan and NBCC (India) Ltd) has executed an MoU with Govt. of Rajasthan on October 4, 2018, for the redevelopment of the old MREC campus at Gandhi Nagar, Jaipur, in Rajasthan amounting to Rs250cr (approx),” as per a BSE filing.

Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading 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. 

Read More

MARKET WRAP UP 04-OCT-2018

Closing Bell: Bloodbath on Dalal Street; Sensex plunges 806 pts, Nifty ends tad below 10,600.

Benchmark indices closed sharply lower on Wednesday with the Sensex losing 806.47 points or 2.24 percent to 35,169.16 as all sectoral indices ended in the red.

The 50-share NSE Nifty plunged 259 points or 2.39 percent to 10,599.30. More than two shares declined for every share rising on the BSE.

HPCL, BPCL and IOC were biggest losers among Nifty50 stocks, falling more than 11 percent after Finance Minister Arun Jaitley said the government cut excise duty on petrol & diesel by Rs 1.50 per litre. "Oil marketing companies will absorb Re 1 per litre w.r.t petrol & diesel prices."

Reliance Industries (6.87 percent) and Eicher Motors (5.71 percent) were other losers while ICICI Bank bucked the trend, rising 4.21 percent followed by Axis Bank (up 2.45 percent), UltraTechCement (2.16 percent), Bharti Infratel (1.77 percent) and Yes Bank (up 1.06 percent).

HEADLINES OF THE DAY

Chanda Kochhar quits ICICI Bank, Sandeep Bakhshi to succeed her as MD & CEO.

Indian rupee recovers from record low of 73.81 per dollar.

The crucial resistance for Nifty spot is now seen at 10630 and above this 10720 Support for the immediate term is now placed at 10420 next support will be 10200.

Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips  , Free Trading 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.

Read More