Opening Bell By CapitalStars 07/Feb/2019

NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2: 11175

RES 1: 11136

SUP 1: 11022 

SUP 2: 10947 

BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH 

RES 2: 27559

RES 1: 27512 

SUP 1: 27386

SUP 2: 27307 

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Nifty Like To Open 22-OCT-2018

 

Indian Indices:                           Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 12 points or 0.12 percent. Nifty futures were trading around 10,316-level on the NSE Exchange.

Global Market:

·       Asian markets: MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.25 percent. Japan’s Nikkei slipped 1.0 percent and South Korea stocks lost 0.7 percent.

·       US Markets: The Dow Jones Industrial Average rose 64.89 points, or 0.26 percent, to 25,444.34, the S&P 500 lost 1 point, or 0.04 percent, to 2,767.78 and the Nasdaq Composite dropped 36.11 points, or 0.48 percent, to 7,449.03.

·       European markets: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.32%, while the CAC 40 led the DAX lower. They fell 0.63% and 0.31% respectively.

·       Major Headlines of the day:

·          NBFC liquidity squeeze hits loans against property market. 

·          Rupee recovers early losses; gains 9 paise

·         Trend in FII flows:-  The FIIs were Net Value of Rs -618.26 CR. cash segment while the DIIs were Net Value of  -2.14 CR. per the provisional figures.

Securities in Ban For Trade Date 22-OCT-2018

ADANIPOWER

DHFL

JETAIRWAYS

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CORPORATE NEWS. 19-OCT-2018

Housing finance stocks cracked amid heavy selling pressure

Markets witnessed a volatile trading session with across-the-board selling pressure witnessed in all the major HFC names with Indiabulls Housing Finance, Repco Home, Gruh Finance, HDFC Ltd tumbling 16.5%, 8.7%, 6.7%, & 4.2%, respectively.Nifty Bank index relatively outperformed the Nifty index, but both indices shed 0.4% & 1.25%, respectively, at the close. The market breadth ended heavily in the favor of the declines with advance/decline ratio closing at 2:5x. Tracking the derivative data points, both Nifty & Bank Nifty witnessed a rise in open interest with a fall in the underlying price, indicating a build-up of short positions.On the options front, heavy call writing was witnessed in Nifty at-the-money and out-of-the-money strikes from 10300CE to 10500CE, hinting a continued selling pressure for the index at the higher level.India Vix ended the day 10% higher at 19.8.

UltraTech Cement drops 3% post Q2FY19 numbers

Shares of UltraTech Cement were trading down 3% in afternoon session on Friday after its Q2FY19 numbers missed street expectation.UltraTech Cement has reported a weak set of numbers for Q2FY19 on the operating front. Revenue in the quarter was in-line but PAT disappointed.The company has reported a revenue growth of 20% yoy to Rs8,151.5cr against an estimate of Rs7,936.4cr. The company, however, has reported a decline of 11.3% yoy in PAT to Rs375.7cr, 17% lower than the estimates. Read more.UltraTech Cement Ltd share price is currently at Rs3,585.50, down Rs144.9, or 3.88%, from its previous close of Rs3,730.40 on the BSE.The scrip opened at Rs3,640 and has touched a high and low of Rs3,646 and Rs3,529.05, respectively. So far, 7,01,149 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs1,02,447.06cr.

Lupin gets five observations in gSpiriva pre-approval inspection;

Lupin has announced that its Pithampur Unit-3 (Indore) has recently been inspected by the USFDA and has received five observations. The GMP inspection was pre-approved in nature for Lupin’s Tiotropium DPI ANDA.  This inspection was conducted between October 8-18, 2018. The company has said that these observations are procedural in nature.Tiotropium DPI is sold by Boehringer Ingelheim Pharmaceuticals under the brand Spiriva (in powder form). Spiriva is indicated in the treatment of chronic obstructive pulmonary disease (COPD). It is a patented drug and was approved by the USFDA in 2004. Boehringer Ingelheim Pharmaceuticals is also in a litigation battle against Lupin over Spiriva.While Lupin is seeking an approval on this drug, five observations at the facility delay the final approval by some time. Note that this is not the same facility for which the company has received a warning letter.

RBI extends FY19-20 gilts to bridge fiscal deficit

As the 2019 general elections loom large, the PM Narendra Modi-led government is skidding towards meeting its fiscal deficit target of 3.3% of the GDP this fiscal.After announcing its decision to reduce market borrowing target for FY19, i.e., borrowing Rs70,000cr less from the market than the budgeted Rs6.05lakh cr, concerns were raised about how the government will meet its target.

The government, however, was confident about fulfilling its target and is now making efforts to meet the same. Thus, it has asked the country’s apex bank the Reserve Bank of India (RBI) to convert two securities maturing in 2018-2019 and 2019-20 having a total face value of Rs6,155cr to two longer-tenor securities maturing in 2025-26 and 2023-24, respectively.Though the government does not have to worry about repaying these right away, recovery pressure will probably continue to haunt it, requiring the government to resort to this stunt in the future.Meanwhile, how will this affect the markets? When the government needs money, it borrows from its banker, the RBI, which in turn, takes money from lenders such as banks, insurance companies, and mutual funds.

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CS OPENING BELL 16-OCT-2018

NIFTY SPOT UP 19 @10536

SENSEX SPOT UP 67 @34953

BANK NIFTY FUTURES UP 9 @25375

HAPPY TRADING!

CS NIFTY FUTURES (OCT ) OVERVIEW

TREND BEARISH

RES2: 11280

RES 1:11140

SUP1:10910

SUP2:10800

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CS BANK NIFTY FUTURES (OCT ) OVERVIEW

TREND BULLISH

RES 2: 25800

RES 1: 25550

SUP1: 24800

SUP2: 24420 

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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 04-OCT-2018

NIFTY SPOT DOWN 157 @10701

SENSEX SPOT DOWN 536 @35439

BANK NIFTY FUTURES DOWN 329 @24833

HAPPY TRADING!

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CS NIFTY FUTURES (OCT ) OVERVIEW

TREND BEARISH

RES2: 11185

RES 1:11070

SUP1:10720

SUP2:10590 

CS BANK NIFTY FUTURES (OCT ) OVERVIEW

TREND BULLISH

RES 2: 25800

RES 1: 25550

SUP1: 24900

SUP2: 24625 

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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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CORPORATE NEWS 28TH SEP 2018

Apollo Tyres drops ~2% after MD’s reappointment rejected

The country’s second-largest tyre manufacturer Apollo Tyres declined ~2% on Friday after its minority shareholders rejected the reappointment of Neeraj Kanwar as managing director. This was a major defeat for the company’s promoter. Incidentally, Kanwar is also the vice-chairman of Apollo.

Reportedly, some Indian institutional investors, which include mutual funds, may have voted against Kanwar on the issue of high compensation.

Now, the Apollo Tyre's board of directors will discuss the resolution in the next meeting and decide on the future course of action, as per media reports.

L&T Construction bags orders worth Rs1,477cr

Larsen and Toubro (L&T) Construction has bagged orders worth Rs1,477cr, the infrastructure major announced on Friday. The orders have been received under its Water and Effluent Treatment and Buildings and Factories segments, L&T said in a filing to the exchanges on Friday.

Under its Water and Effluent Treatment, the company has received orders worth Rs1, 157cr on a turnkey basis from the Public Health Engineering Department of Rajasthan. This is for the execution of drinking water supply projects in districts of Pali, Dungarpur, and Banswara in Rajasthan.

Kesoram surges ~4% as Karnataka Government approves land acquisition proposal

Shares of Kesoram Industries were trading ~4% up in Friday's morning session after it received an approval from Karnataka Government to acquire land.

The company’s proposal to acquire 675 acres of land for industrial purposes has received an approval under Karnataka Land Reforms Act 1961, Kesoram said in a filling on Thursday after market hours.

JM Financial to infuse Rs875cr in NBFC subsidiary along with external investor

JM Financial Limited (JMFL) has entered into a Subscription and Shareholders' agreement with JM Financial Credit Solutions Limited (JMFCSL) and investors for a primary equity infusion of upto Rs875cr.

In FY18, JMFL’s holding in JMFCSL stood at 50.01% (12.5lakh shares). JMFL has agreed to subscribe upto 89,268 equity shares of JMFCSL including 19,837 partly paid-up equity shares of face value of Rs10 each for an amount aggregating upto Rs225cr.

Can Fin Homes clarifies on liquidity concerns

Can Fin Homes in its filling on Thursday has given a clarification on media reports regarding liquidity issues. It claimed that till date, Can Fin Homes has adequate liquidity in the form of sanctioned and unavailed credit lines from banks.

According to the company, certain reports on the analysis of liquidity positions of HFCs said that Can Fin Homes has an asset borrowing gap of -22% as on March 2018 in the less than one-year bucket.

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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: 27-Sep-2018

NIFTY SPOT UP 15 @11069

SENSEX SPOT UP 50 @36593

BANK NIFTY FUTURES DOWN 3 @25478

HAPPY TRADING!

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CS NIFTY FUTURES (SEP ) OVERVIEW

TREND BEARISH

RES2: 11280

RES 1:11140

SUP1:10910

SUP2:10800 

CS BANK NIFTY FUTURES (SEP ) OVERVIEW

TREND BULLISH

RES 2: 25800

RES 1: 25550

SUP1: 24800

SUP2: 24420 

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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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CORPORATE NEWS 26-Sep-2018

Bharat Electronics surges 11% after brokerage views

Shares of Bharat Electronics surged in morning trade after brokerage firm BofAML maintained "Buy" with a price target of Rs109, implying a potential upside of 43% from the last regular trade, as per media reports.

The company in an interview with a news channel stated that it would maintain 12-15% revenue growth for next three years, while the operating margin could grow 17-19% for the next three years.

IndusInd Bank gets all regulatory approvals to acquire IL&FS Securities Services

IndusInd Bank has received all regulatory approvals for its proposed acquisition of IL&FS Securities Services, a subsidiary of IL&FS, the bank informed the exchanges through a filing on Wednesday.

"Accordingly, all regulatory approvals for an acquisition of IL&FS Securities Services are now in place," IndusInd Bank said in a press note.

"The closure of the transaction is underway, which is subject to the fulfillment of all conditions precedent specified in the share purchase agreement.

Titan stock shines ~3% after brokerage firm hikes target price

Shares of Titan rose ~3% on the NSE in the afternoon session, as brokerage firm, Morgan Stanley raised target price on the stock on strong growth expectations in festive season.

It has maintained its “Overweight call” on the stock and raised target price to Rs1,250 from Rs1,120 earlier, implying 57% potential upside, the research firm said.

The firm expects policy measures that discourage cash transactions to eventually benefit the large organised jewellery players, with Titan gaining market share in jewellery segment, as per media reports.

PNB to consider Rs5,431cr govt capital infusion on Sept 27

Shares of Punjab National Bank (PNB) gained 1.5% on the BSE in the afternoon session as the board of PNB will consider capital infusion of Rs5,431cr by the government on September 27.

“The Board of Directors of the Bank is scheduled to meet on 27th September, 2018, for considering infusion of Rs5,431cr by Government of India by way of preferential issue of Equity share and Fixing date of Extra Ordinary General Meeting (EGM) for obtaining shareholders' approval in this regard at a price determined in terms of SEBI (ICDR) Regulations,

Reliance Industries’ arm acquires stake in NetraDyne

Reliance Industries’ wholly owned subsidiary Reliance Industrial Investments and Holdings has acquired some stake in NetraDyne, a US based company, for $8mn.

"The company has subscribed to 40.58lakh compulsorily convertible preferred shares of NetraDyne Inc at $1.9711 a share, for cash aggregating to $8mn," the company said in press note to the exchanges on Wednesday.

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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:24-Aug-2018

NIFTY SPOT DOWN 10@11572

SENSEX SPOT DOWN 21@38314

BANK NIFTY FUTURES DOWN 35@ 28063

HAPPY TRADING!  

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CS NIFTY FUTURES (JUNE ) OVERVIEW

TREND BEARISH

RES2: 11750

RES 1:11640

SUP1:11510

SUP2:11380

CS BANK NIFTY FUTURES (JUNE ) OVERVIEW

TREND BULLISH

RES 2: 28550

RES 1: 28200

SUP1: 27900

SUP2: 27720

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Closing Bell: HEADLINES OF THE DAY

Closing Bell: No stopping the bulls! Sensex ends above 38,000 for first time, Nifty at all-time closing high; banks fuel rally

After clocking a fresh milestone of 38,000, the Sensex has managed to end the day above this mark. The Nifty, too, isn’t very far behind and ended above 11,450-mark. The levels are new all-time closing highs for both the indices.

Banks led the rally for equity benchmarks, with major gains coming in from PSU banks. Investors are hopeful of stellar June quarter numbers from State Bank of India on Friday and hence placed big bets on the stock. This fuelled the upmove in banks in general. Additionally, buying counters were also buzzing in ICICI Bank and Axis Bank, which helped the market climb to new highs on Thursday.

Metals also offered some support to the market, with the Nifty Metal index ending over a percent higher. Gains in Vedanta boosted the index. A strong upmove was visible among midcaps as well, as the midcap index ended higher by over half a percent.

At the close of market hours, the Sensex ended up 136.81 points or 0.36% at 38024.37, while the Nifty closed higher by 21.60 points or 0.19% at 11471.60. The market breadth was, however, narrow as 1,336 shares advanced, against a decline of 1,327 shares, while 148 shares were unchanged.

ICICI Bank, Axis Bank and SBI were the top gainers, while Bharti Airtel, ONGC and Titan were the top losers.

HEADLINES OF THE DAY

Results to be announced tomorrow :- AB Capital,Acrow India,Allcargo,Andhra Bank,Apollo Hospital,Balaji Telefilm,Bosch,CG Power,DCM,DLF,Emami Paper,Endurance Techn,GAIL,Glenmark,Hindalco,IGL,Lux Industries,NCC,NHPC,Nitco,PC Jeweller,Rupa and Comp,SBI,Sun TV Network,UCO Bank,Union Bank,Vakrangee,Voltas.

Page Industries hits 52-week high on strong Q1 nos; declares interim dividend of Rs 41/share.

Bitcoin takes a hit: Nine out of top 10 cryptocurrencies nosedived on Wednesday following it to on Thursday losing as much as 15% from the level 24-hours-ago. Bitcoin dropped below $6,500 in the period, a cue followed by other major coins.

The crucial resistance for Nifty spot is now seen at 11500 and above this 11650 Support for the immediate term is now placed at 11380 next support will be 11200.

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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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