Flat to positive start seen on Dalal Street

Indian Indices:

Indian shares are likely to witness a flat to positive opening as the global markets look slightly supportive with SGX Nifty trading 13 points higher. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 7.50 points at the opening bell.

On the economic front, the GDP growth is estimated to be 7.0% in Q3 December 2016, as per the second advance estimates of national income from Central Statistics Office (CSO) under Ministry of Statistics and Programme Implementation. The growth in GDP during 2016-2017 is estimated at 7.1% as compared to the growth rate of 7.9% in 2015-2016. Separately, the eight core infrastructure sector output, comprising nearly 38% of the weight of items included in the Index of Industrial Production (IIP), rose 3.4% in January 2017 over January 2016. Its cumulative growth was 4.8% in April-January 2016-2017.

Key benchmark indices dropped in a volatile session yesterday, 28 February 2017, as investors await an address that US President Donald Trump is scheduled to make to Congress in the global day today, 28 February 2017. The barometer index, the S&P BSE Sensex, fell 69.56 points or 0.24% to settle at 28,743.32. The Nifty 50 index fell 17.10 points or 0.19% to settle at 8,879.60. Both the Sensex and the Nifty settled at over one-week low. The key benchmarks declined for second consecutive session in a row.

Global Market:

Asian shares were mixed today, 1 March 2017. US stocks closed lower yesterday, 28 February 2017, as investors eagerly awaited a speech from President Donald Trump while parsing through key economic data.

Among economic news in the US, the second read on fourth-quarter US GDP remained unchanged, but consumer spending was revised sharply higher to a 3% rate from 2.5%. Other data released Tuesday, 28 February 2017, included consumer confidence for February, which hit its highest level since July 2001.

Meanwhile, low inventory and mortgage rates pushed home prices 5.8% higher in December 2016, up from November's 5.6% annual gain, according to the S&P/Case-Shiller US National Home Price Index.

Major Headlines of the day:

Aurobindo gets USFDA approval for Etomidate Injectable

M&M Ssangyong eyes 24% CAGR volume growth over CY16-19 on new launches

India's fiscal deficit in the first 10 months to January was 5.64 trillion rupees

Trend in FII flows: The FIIs were net buyers of Rs  1146.23  the cash segment on Tuesday while the DIIs were net sellers of Rs 268.34  as per the provisional figures.

Securities in Ban For Trade Date 01-MAR-2017:  

1 WOCKPHARMA

2 JPASSOCIAT

3 JINDALSTEL

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

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Markets start marching towards North on global bias

Indian Indices:

Indian shares are likely to witness a flat to positive opening as the global markets look slightly supportive with SGX Nifty trading 8.50 points higher. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 5.50 points at the opening bell.

On the macro front, the Central Statistics Office (CSO) will today, 28 February 2017, unveil the revised advance estimate for GDP growth in 2016-2017 after factoring in the note ban impact in the Q3 December 2016 quarter. The government scrapped high value notes on 8 November 2016.Key benchmark indices dropped yesterday, 27 February 2017, weighed by bank stocks. The barometer index, the S&P BSE Sensex, fell 80.09 points or 0.28% to settle 28,812.88.

The Nifty 50 index fell 42.80 points or 0.48% to settle at 8,896.70. Intraday volatility was high. Nifty settled at one-week low.

Global Market:

Most Asian shares rose today, 28 February 2017, bolstered by gains on Wall Street as investors awaited a speech by US President Donald Trump for signals on tax reform and infrastructure spending.

US stocks pushed further into record territory on Monday, 27 February 2017, as the Dow Jones industrial average closed at a record high. The Standard & Poor's 500 Index also closed at a record high.

Separately, Federal Reserve Chairwoman Janet Yellen and Fed Vice Chairman Stanley Fischer are slated to speak on Friday, 3 March 2017. Investors will scour the comments for any hints as to when the central bank will raise interest rates.

Major Headlines of the day:

ONGC may acquire government’s 51.1% stake in HPCL

Airtel scraps roaming charges on incoming calls, data

ENIL buys 21 new frequencies in FM auctions

Trend in FII flows: The FIIs were net buyers of Rs  -145.55  the cash segment on Monday while the DIIs were net sellers of Rs 263.79  as per the provisional figures.

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

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Weak start seen on subdued global markets

Indian Indices:

Indian shares are likely to witness a bearish opening as the global markets look subdued with SGX Nifty trading 24 points lower.The Indian benchmarks are poised to open lower on Monday, tracking weak cues from fellow Asian peers as investors remained wary ahead of the US President Donald Trump's first address to the US Congress on Tuesday.

Weak trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,942.50, up by 28.5 points or 0.32 per cent, at 10:54 AM Singapore time, also signaled a negative opening for Sensex. The market may see some stock specific movement as concerns related to corporate earnings and demonetization already left behind.

Traders will shift focus to the outcome of the state election results for more clarity on the government's capacity to revive stalled reforms, which will set future direction for markets. This week market directions will be set by macroeconomic data such as core sector data, Nikkei India Manufacturing PMI and Services PMI lined up.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28892.97, up by 28.26 points or by 0.1 per cent, and the NSE Nifty ended at 8939.5, up by 12.6 points or by 0.14 per cent.

Global Market:

Asian stocks erased early losses but stayed below 19-month highs on Monday as a renewed drop in sovereign bond yields on political concerns prompted some investors to move to the sidelines after a recent rally.

The White House on Monday will send federal departments a budget proposal containing the defense spending increase President Donald Trump promised, financed partly by cuts to the U.S. State Department, Environmental Protection Agency and other non-defense programs, two officials familiar with the proposal said.

Europe's stocks benchmark fell more than 1 percent on Friday while German and French indexes slid by their most in nearly 5 months as jitters in the bond markets over political risk looked to have spilled over into equities.

Major Headlines of the day:

Cadila to launch first tetravalent inactivated influenza vaccine.

Lead prices surge 15% in last five months

L&T arm bags Rs1,100 crore contract from IOC to build an Indmax project in Assam

Trend in FII flows: The FIIs were net buyers of Rs  392.33  the cash segment on Monday while the DIIs were net sellers of Rs -445.04 as per the provisional figures.

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

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Flat trading session on D-Street ahead of Expiry

Indian Indices:

Indian markets are poised to open flat with positive bias, tracking muted cues from fellow Asian peers after Wall Street ended mixed in overnight trade. SGX Nifty is trading 11 points higher.

After strong rally in the last few sessions, the market may see some volatility as investors will rollover their position ahead of February F&O expiry due today. Market extended rally for the fifth straight session on Wednesday, driven by strong rally in frontline blue-chip such as RIL, Axis Bank, Coal India, Asian Paints, Hero MotoCorp, BPCL, ONGC, DLF and Tata Motors.

Indian shares hit their highest in more than five months on Wednesday as Reliance Industries ended at a near 9-year high after investors welcomed plans by its telecom unit to start charging customers for services. The S&P BSE Sensex and CNX Nifty rose 0.36%-0.21% each. Sensex closed at 28864.71, up by 103.12 points or by 19.05%, and the NSE Nifty ended at 8926.90, up by 19.05 points or by 0.21%.

Global Market:

Asian stocks pulled back from a 19-month high early Thursday, while the dollar tried to steady from losses suffered in the wake of the US Federal Reserve minutes indicating a cautious approach to more interest rate increases.

The S&P 500 ended modestly weaker on Wednesday, holding losses after minutes from the Federal Reserve's last meeting kept alive a potential near-term interest rate hike, while DuPont shares helped the Dow close at an all-time high for a ninth straight session.

The European markets ended Wednesday's session with mixed results. The markets climbed to their highest level in 14-months in early trade. Solid German business sentiment data and a number of positive corporate earnings reports helped to fuel early gains.

Major Headlines of the day:

HOEC sees early monetization of Arunachal oilfield

Asian Oilfield unit to acquire Nigeria's Ivorene oil services

NTPC: 115 out of 260 MW of Bhadla solar projects commissioned

Bombay Dyeing to consider scheme of amalgamation with Archway Investment Co.

Trend in FII flows:The FIIs were net buyers of Rs -259.21 the cash segment on Wednesday  while the DIIs were net sellers of Rs 917.97 as per the provisional figures.

Securities in Ban For Trade Date 23-FEB-2017:  

1      IBREALEST

2      GRANULES

3      WOCKPHARMA

4      CEATLTD

5      TV18BRDCST

6      JINDALSTEL

7      RCOM

8      JPASSOCIATE

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

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Positive opening on Dalal Street

Indian Indices:

Indian equities are poised to open higher on sustained buying by foreign portfolio investors (FPIs) as well as domestic institutional investors, tracking muted cues from fellow Asian peers. SGX Nifty is trading 10.00 points higher.

After strong rally in the last few sessions, the market may see some volatility as investors will rollover their position ahead of February F&O expiry on Thursday. Sensex closed at 28761.59, up by 100.01 points or by 0.35%, and the NSE Nifty ended at 8907.85, up by 28.65 points or by 0.32%.

Indian shares closed at their highest level since September as Axis Bank surged on a media report it would become the target of a takeover, although telecom firms fell after Reliance Jio Infocomm unveiled a sharply discounted tariff plan. The S&P BSE Sensex and CNX Nifty rose 0.35%-0.32% each

Global Market:

Asian stocks edged up today, joining a record-setting night for world markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street.

European shares rose to their highest in over 14 months on Tuesday, with optimism generated by encouraging manufacturing surveys outpacing a steep decline in HSBC shares after a slump in the heavyweight bank's annual pre-tax profit.

US stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump.

Major Headlines of the day:

Power Grid wins 765kV transmission proj in eastern region

IDBI Bank to sell stake in non-core businesses

Dish TV partners with ICICI Bank for digital payments

Trend in FII flows: The FIIs were net buyers of Rs -1435.76 the cash segment on Tuesday  while the DIIs were net sellers of Rs 1535.45 as per the provisional figures.

Securities in Ban For Trade Date 22-FEB-2017:  

1      IBREALEST

2      IFCI

3      WOCKPHARMA

4      CEATLTD

5      TV18BRDCST

6      HDIL

7      JINDALSTEL

8      JPASSOCIATE

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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Flat to positive opening on Dalal Street

Indian Indices:

Indian markets are set to open flat to higher, tracking firm cues from fellow Asian peers, in lack of any major trigger on domestic front. SGX Nifty is trading 16.50 points higher. The market may see some volatility as investors will rollover their position ahead of February F&O expiry on Thursday

Indian shares rose around 0.7% on Monday, erasing earlier losses to hit their highest close since September as IT stocks rallied after Tata Consultancy Services announced a share buyback at a substantial premium. The S&P BSE Sensex and the CNX Nifty rose by 0.68% and 0.65%, respectively.

Global Market:

Asian stocks held ground on Tuesday though Chinese equities surged to a fresh two-month high as domestic funds piled into financial counters on expectations the world's second biggest economy may have turned a corner.

US equities looked set to pick up on their record run, with stock futures briefly tapping fresh highs in holiday-thinned Monday trading as investors prepared for key data and results from retailers this week.

European markets finished Monday trade mostly higher, after investors digested a raft of earnings and economic data, while remaining watchful for any more details from U.S. President Donald Trump regarding his economic policies.

Major Headlines of the day:

TCS Board clears Rs16,000 cr share buyback; biggest in India

Nestle claims to have taken a Rs100 cr hit on account of demonetisation

Vedanta Group Q3 EBIDTA jumps 79%, revenue rises 26%

Trend in FII flows: The FIIs were net buyers of Rs  -433.38 the cash segment on Monday  while the DIIs were net sellers of Rs 827.90 as per the provisional figures.

Securities in Ban For Trade Date 21-FEB-2017:  

1      IBREALEST

2      IFCI

3      WOCKPHARMA

4      CEATLTD

5      TV18BRDCST

6      HDIL

7      UNIONBANK

8      JPASSOCIATE

 

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

Visit Here- http://www.capitalstars.com/ 

Sensex, Nifty may see flat opening; HUL, TCS, Idea in focus

Indian Indices:

After witnessing a good rally last week, the market may see volatile movements ahead of a truncated and expiry-laden week. HUL to be in focus after Kraft withdrew its takeover bid to Unilever after the latter had rejected the offer. Meanwhile, TCS' Board will meet on Monday to discuss the share buyback.

The market may see a subdued opening on Monday, indicated by trends on SGX Nifty, in a truncated, expiry week. Indian markets got off to a scintillating start courtesy HDFC Bank, as RBI removed it from FII purchase restriction. However, profit booking emerged at higher levels and the session ended off the day’s high.

The market may also look for cues on economic front as prospects of a GST rollout by July 1 brightened. The Council cleared the Compensation Bill. However, crucial draft laws pertaining largely to central, integrated and state GST are yet to be finalised.

Global Market:

Asian markets were lower with stronger yen weighing on Japanese markets. Japan's exports rose in January at a slower pace than the previous month due to a decline in shipments to the US. The Nikkei was down over half a percent in early trades. Rest of Asian markets were also trading on the downside.

US, equities closed mixed on Friday, but managed another record close, while investors kept an eye on France's presidential election.

In Europe, markets were little changed on Friday, pausing for breath after a strong rally in the week, as investors digested economic data and more earnings reports. The FTSE 100 closed 0.30 percent higher, while the DAX ended flat.

Major Headlines of the day:

BPCL says plan to raise up to Rs 2,000 crore via non-convertible debentures (NCDs) this financial year

SBI merger may be delayed as banks yet to seek CCI approval

Tata Teleservices in early talks to join RComm -Aircel-MTS combine

Trend in FII flows:The FIIs were net buyers of Rs 8,043.14 the cash segment on Friday while the DIIs were net sellers of Rs -5,631.99 as per the provisional figures.

Securities in Ban For Trade Date 20-FEB-2017:  

1       IBREALEST

2       IFCI

3       JETAIRWAYS

4       CEATLTD

5      TV18BRDCST

6       HDIL

7       UNIONBANK

8       JINDALSTEEL

9       JPASSOCIATE 

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

Visit Here- http://www.capitalstars.com/ 

Sensex jumps 400 pts, Nifty near 8900; HDFC Bank zooms 9%

Equity benchmarks started off last day of the week on a spectacular note, with the Senses rising more than 400 points supported by HDFC Bank.

The 30-share BSE Sensex was up 400.89 points or 1.42 percent at 28702.16 and the 50-share NSE Nifty rose 95.60 points or 1.09 percent to 8873.60.

HDFC Bank surged 8.41 percent as RBI says restrictions placed on purchase of bank shares by foreign portfolio investors withdrawn immediately.

The rally also spilled over to HDFC that gained 2.63 percent. Axis Bank, Kotak Mahindra Bank and ICICI Bank surged 1-2 percent.

GAIL and Lupin were other gainers. Cadila Healthcare gained further, up 2.8 percent hitting a 52-week high. BHEL, Bharti Airtel, Wipro, Infosys, ITC and Reliance were losers.

The Indian rupee slipped in the early trade today. It has opened lower by 5 paise at 67.12 per dollar versus previous close 67.07.

He expects the pair to trade in the 67-67.30/dollar range today with slight weakening bias. The dollar weakened against a basket of major currencies, due to lower US bond yields and uncertainty over the timing of the Federal Reserve's next interest rate increase.

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

Visit Here- http://www.capitalstars.com/ 

Muted start seen on subdued global markets

Indian Indices:

Indian shares are likely to witness a flattish opening as the global markets look subdued with SGX Nifty trading 6 points higher. Indian equities are poised to open flat on Thursday, tracking muted cues from fellow Asian peers, as investors are likely to consolidate their position amid looming fear of a Fed rate hike and tepid earnings report by Indian Inc.

Muted trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,757.50, up by 3.5 points or 0.04 per cent, at 10:54 AM Singapore time, also signaled a flat opening for Sensex. With corporate earnings season come to an end, traders will shift focus to the outcome of the state election results for more clarity on the government's capacity to revive stalled reforms, which will set future direction for markets.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28155.56, down by 183.75 points or by 0.65 per cent, and the NSE Nifty was at 8724.7, down by 67.6 points or by 0.77 per cent.

Global Market:

Asian stocks edged up to fresh 19-month highs on Thursday, helped by an extended rally on Wall Street and strong U.S. data though the dollar stepped back after a recent bounce.

U.S. retail sales rose more than expected in January and consumer prices recorded their biggest gain in nearly four years, boosting prospects of an interest rate increase from the Federal Reserve next month.

European shares ended higher on Wednesday in another session dominated by earnings, as French lender Credit Agricole led banking stocks to a three-week high.

Major Headlines of the day:

TCS board to consider share buyback in board meeting on Feb 20

Cipla gets US FDA nod for Oxaliplatin Injectable

Sun Pharma gets Tentative US FDA nod for Tadalafil Tablets

Trend in FII flows: The FIIs were net buyers of Rs  225.84 the cash segment on Wednesday while the DIIs were net sellers of Rs 248.98 as per the provisional figures.

UPCOMING RESULTS: AMBUJACEM (20FEB), CASTROLIND (21 FEB),  KSB PUMP,  VARUN EVERAGES.

Securities in Ban For Trade Date 16-FEB-2017:  

1       IBREALEST

2       IFCI

3       JETAIRWAYS

4       RCOM

5      TV18BRDCST

6       JPASSOCIAT

7       UNIONBANK

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

Visit Here- http://www.capitalstars.com/