Global markets signal muted start on Dalal Street; SGX Nifty flat

Indian Indices:

Indian shares are likely to witness a cautious opening as the global markets are subdued with SGX Nifty trading 1 point lower @9368

The Indian equities are likely to remain flat on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. Investors will keep an eye on earnings number of Ambuja Cement, CEAT, Federal Bank, IDFC, Raymond and Supreme Industries, which will be released today. Among others, DCB Bank, HDFC Bank will also remain in focus as the private sector lenders plan to raise fund. Investors will also react to earnings report of Biocon after the company’s net profit dipped 58 per cent to Rs 148.4 crore in the quarter ended on March 31, 2017, compared to Rs 354.4 crore in the year ago period. On Thursday, the Indian equities ended tad lower in choppy trade as investors resorted to profit booking after strong rally in the last three trading session, tracking weak cues from fellow Asian peers and negative opening of European markets.

The market also saw some volatility as traders rolled over positions in the futures & options (F&O) segment from the April series which expired yesterday.

Axis Bank fell over 2 per after the private sector lender reported a fall of 43.1 per cent in its net profit after tax at Rs 1,225.10 crore for the quarter ended March 31, 2017, on the back of higher provisions. The 30-share barometer SENSEX closed at 30029.74, down by 103.61 points or by 0.34 per cent, and the NSE Nifty was at 9342.15, down by 9.7 points or by 0.1 per cent.

Global Market:

Asian stocks inched higher on Friday and looked set to close a strong week on a positive note, while the euro slipped after the European Central Bank showed no signs of paring its stimulus program.

President Donald Trump downplayed the severity of a potential government shutdown on Thursday, just two days shy of a deadline for Congress to reach a spending deal to avert temporary layoffs of federal workers.

Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market.

The dollar edged up in Asian trading on Friday but was on track for a losing month against a basket of currencies, while the euro shed some of its monthly gains after the European Central Bank maintained its easing bias.

U.S. President Donald Trump on Friday will order a review of offshore areas currently off limits to oil and gas drilling to determine which might be reopened, in his administration's latest move to expand domestic energy production.

Major Headlines of the day:

Biocon Q4 net up 75% at Rs135 cr

ONGC discovers more than 20 oil, gas sites in FY17

Hudco's Rs1,200 cr IPO to open May 8.

Trend in FII flows: The FIIs were net buyers of Rs -181.71 the cash segment on Thursday  while the DIIs were net sellers of Rs 233.31  as per the provisional figures.

UPCOMING RESULTS: IDFC, CEAT, UPL, AMBUJA CEM, FEDERAL BANK, KITEX, NAVIN FLUORINE, VARDHAMAN, CHOLAFIN, RAYMOND.

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Markets may remain cautious ahead of F&O Expiry

Indian Indices:

Indian shares are likely to witness a cautious opening as the global markets look slightly supportive with SGX Nifty trading 4 points higher. Today we have April series expiry, so we might see some volatility throughout the day, Sgx is trading marginal up by 4 points@9350.

The Indian rupee extended gains further as it has opened at 64.05 per dollar today, higher by 7 paise over 64.12 a dollar in previous session. Equity benchmarks opened Thursday's trade on a flat note after yesterday's record closing high and ahead of expiry of April futures & options contracts.

Mohan Shenoi of Kotak Mahindra Bank said global equity markets were continuing to rally reflecting risk-on sentiment and Asian currencies were also rallying on the back of the equity market rally.

The 30-share BSE Sensex was up 42.84 points at 30,176.19 and the 50-share NSE Nifty gained 7.60 points at 9,359.45.

Global Market:

US stocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut.

Asian shares ticked down from a near two-year high on Thursday after a long-awaited US tax plan failed to inspire investors, though sentiment remains supported by global growth prospects and receding worries about political risks in Europe

Major Headlines of the day:

Petron Engineering gets order worth Rs110 Cr from Guruashish Construction.

Tata Motors ready with BS-IV engines for entire CV range.

Divis Vizag unit fails USFDA audit on alleged reluctance to share drug testing data.

Trend in FII flows: The FIIs were net buyers of Rs -492.52 the cash segment on Wednesday while the DIIs were net sellers of Rs 1011.38  as per the provisional figures.

UPCOMING RESULTS: MARUTI, UJJIVAN, TATAELXSI, IBREALEST, TVSMOT, MOTILAL OSWAL, KOTAK BANK, RELCAP, BIOCON, UTTAMSUGAR

Securities in Ban For Trade Date 27-APR-2017:  

1.ADANIPOWER

2.BANKINDIA

3.IBREALEST

4.ICIL

5.INDIACEM

6.JINDALSTEL

7.JPASSOCIAT

8.ORIENTBANK

9.RCOM

10.TV18BRDCST

11.UJJIVAN

12.WOCKPHARMA

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 to positive start likely on Dalal Street; SGX Nifty trades higher.

Indian Indices:

Indian shares are likely to witness a positive opening as the global markets look supportive with SGX Nifty trading 14 points higher Key benchmark indices logged strong gains yesterday, 25 April 2017, in sync with upbeat global equities after centrist candidate Emmanuel Macron won the first round of the French presidential election on Sunday, 23 April 2017.

The barometer index, the S&P BSE Sensex, jumped 287.40 points or 0.97% to settle at 29,943.24. The Nifty 50 index surged 88.65 points or 0.96% to settle at 9,306.60. The Sensex hit its highest closing level in almost three weeks. The Nifty hit a record high on intraday as well as closing basis.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 13.50 points at the opening bell on positive global cues. Among corporate news, Wipro's consolidated net profit rose 7.2% to Rs 2267 crore on 4.86% rise in total income to Rs 15033.80 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours yesterday, 25 April 2017.

Global Market:

Asian indices traded higher following the rise in US stocks on the back of strong earnings announcements and on expectations for US President Donald Trump's impending tax reforms.

In the US, stocks soared as McDonald's and Caterpillar reported strong earnings, with the Nasdaq surpassing the 6,000 mark for the first time. The Dow Jones industrial average surged 1.12% to close at 20,996.12.

Major Headlines of the day:

LIC Housing Q4 net up 18%.

S Chand and Company raises Rs 219 cr from anchor investors.

Reliance Industries becomes Rs5,242 cr richer in one day as stock gains 1%.

Trend in FII flows: The FIIs were net buyers of Rs 178.82 the cash segment on Monday while the DIIs were net sellers of Rs 998.26  as per the provisional figures.

UPCOMING RESULTS: KPIT, KSB PUMP, LAXMI VILAS, GIC HSGFIN, TATA SPONGE, STERLITE TECH

Securities in Ban For Trade Date 26-APR-2017:  

1.ADANIENT

2.BANKINDIA

3.HDIL

4.IBREALEST

5.ICIL

6.INFIBEAM

7.JINDALSTEL

8.JPASSOCIAT

9.JSWENERGY

10.RCOM

11.TV18BRDCST

12.UJJIVAN

13.WOCKPHARMA

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 opened higher; Indiabulls Housing Finance top Nifty gainer

Indian Indices:

Equity benchmarks extended gains on Tuesday as the Sensex opened higher by more than 150 points and the Nifty reclaimed its 9250 level, backed by Reliance Industries. Positive Asian cues also aided the rally.

The 30-share BSE Sensex was up 171.05 points at 29,826.89 and the 50-share NSE Nifty gained 48.85 points at 9266.80. Nifty Bank opened at record high. BSE Sensex opened higher by 170 points at 29825, while the Nifty50 opened higher by 56 points at the 9273 mark.

There are 985 advances, 694 declines and 95 unchanged stocks on NSE reflecting strong positive bias floating in the market. The rupee opened at 64.42 per dollar higher by 2 paise.

Global Market:

Asian equities were steady on Tuesday and the euro retained gains as markets' euphoria over a centrist victory in the first round of the French presidential election subsided, though near-term investor sentiment remains positive.

Equities held in the green in Asia following the global relief rally after the first round of France's presidential election stoked a relief rally, with several regional markets jumping to multi-year highs.

U.S. Stocks rallied on Monday and main indexes posted their largest one-day gains since March 1. The Dow Jones Industrial Average advanced 216 points to 20,764. The Nasdaq Composite Index surged 73 points to 5,984, an all-time high. The S&P 500 gained 25 points at 2,374.

Major Headlines of the day:

PNC Infra says financial closure for the project 'four laning / two laning with paved shoulders from 0.00 km to 83.453 km of Dausa-Lalsot-Kauthun section of NH-11 A

JM Financial to buyback of upto 10 percent of equity capital.

Strides Shasun announces completion of US FDA inspection at the API facility of the company at Cuddalore with zero 483 observations

Trend in FII flows: The FIIs were net buyers of Rs  -279.55  the cash segment on Monday while the DIIs were net sellers of Rs 984.17 as per the provisional figures.

UPCOMING RESULTS: M&MFIN, PERSISTENT, ZENSARTECH,  AXIS BANK,  LICHSGFIN, CANFIN HOMES,  WIPRO

Securities in Ban For Trade Date 25-APR-2017:  

1.HDIL

2.IBREALEST

3.INFIBEAM

4.JINDALSTEL

5.JPASSOCIAT

6.JSWENERGY

7.ORIENTBANK

8.RCOM

9.TV18BRDCST

10.UJJIVAN

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 and Sensex opens higher;

Indian Indices:

Equity benchmarks opened the week moderately higher on Monday as the Nifty is inching towards 9150 level, backed by HDFC Bank, Reliance Industries and L&T. BSE Sensex opened higher by 42 points at 29407, while the Nifty50 opened higher by 16 points at the 9135 mark.There are 827 advances, 857 declines and 80 unchanged stocks on NSE reflecting missed sentiments floating in the market.

The 30-share BSE Sensex was up 48.41 points at 29,413.71 and the 50-share NSE Nifty gained 18.25 points at 9,137.65. About 872 shares advanced against 283 declining shares on the BSE.

Nifty50 has support placed in the region of 9,060-9,070, and if it moves below this support zone, the next support level to watch out for is 9,000. On the higher side, immediate resistance is around the level of 9,165 and the next resistance is around 9,220.

Global Market:

The Wall Street ended lower on Friday, but closed off the lows of the day after President Donald Trump told the Associated Press he would be releasing a ‘massive tax cut’ package in the coming week. The Dow Jones Industrial Average closed down 31 points at 20,548. The S&P 500 index finished with loss of 7 points at 2,349. The Nasdaq Composite Index ended 6 points lower at 5,911.

Asian markets are trading in the green in early trade on Monday. Japan’s Nikkei 225 has surged 254 points and Hong Kong’s Hang Seng has advanced 66 points. China’s Shanghai Composite, bucking the trend, has plunged 54 points.

The euro vaulted to five-month peaks in choppy Asian trading on Monday after the market's favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades.

Major Headlines of the day:

US accuses TCS, Infosys of violating H-1B visa norms.

Tata Motors top-level reshuffle in final lap, eyes 5-level reporting structure.

Vodafone to sell 9% additional stake to Aditya Birla Group after merger.

Trend in FII flows: The FIIs were net buyers of Rs  -978.34  the cash segment on Friday while the DIIs were net sellers of Rs 1132.39 as per the provisional figures.

UPCOMING RESULTS:  ULTRATECH, JSWHOLDING, INDIANBANK, PERSISTENT, RELIANCE, RALLIES, IBULHSGFIN, HEXAWARE, MAHINDRA LIFE

Securities in Ban For Trade Date 24-APR-2017:  

1.BHARATFIN

2.DLF

3.INFIBEAM

4.IRB

5.JINDALSTEL

6.JISLJALEQS

7.JPASSOCIAT

8.JSWENERGY

9.ORIENTBANK

10.RCOM

11.RELCAPITAL

12.TV18BRDCST

13.UJJIVAN

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/  

Nifty opens above 9150, Sensex gains 100 pts on global cues; RIL leads

Indian Indices:

The market extended its previous day's gains, with the Nifty reclaiming 9150 level on positive Asian cues, backed by banking & financials, FMCG and Reliance Industries. The 30-share BSE Sensex was up 110.76 points at 29,533.15 and the 50-share NSE Nifty gained 43.25 points at 9,179.65. About 754 shares advanced against 132 declining shares on the BSE. BSE Sensex opened higher by 153 points at 29575, while the Nifty50 opened higher by 43 points at the 9179 mark.

Bharti Infratel is the top Nifty gainer and Sun Pharma is the top Nifty loser. Infratel is trading higher by 3.25% at Rs 353.85 per share and Sun Pharma is trading lower by 1.55% at Rs 645.8 per share.

Nifty 50, going forward, needs to sustain above the level of 9,165 to extend its rally up to the levels of 9,200-9,220. On the downside, the level of 9,100 is an immediate support and the next support is placed around the level of 9,060.

Global Market:

U.S. equities spiked higher on Thursday’s trading session, as a couple of companies released their quarterly financials while U.S. treasury secretary Steven Mnuchin informed administration was close to a major tax reform.

Asian Markets opened in positive territory in Friday’s trading session following a strong finish in U.S. markets amid caution following a suspected terrorist shooting in Paris ahead of first round of presidential elections over the weekend.

As per market experts, with political uncertainty still a recurrent theme in Europe, the incredible rebound that the euro has staged may be utilised by longer-term bears to send prices lower.

Major Headlines of the day:

Tata Motors to export more than half of unsold BS3 stock.

Finance Ministry and RBI to issue guidelines for NPA Policy.

Hindustan Zinc posts 42% rise in Q4 profit at Rs 3,057 cr, margin expands 940 bps.

Trend in FII flows: The FIIs were net buyers of Rs -169.84  the cash segment on Thursday while the DIIs were net sellers of Rs 8.82 as per the provisional figures.

UPCOMING RESULTS: HDFCBANK, TATA METALLIC, ACC, TINPLATE.

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

1.BHARATFIN

2.HDIL

3.IBREALEST

4.INDIACEM

5.INFIBEAM

6.IRB

7.JINDALSTEL

8.JISLJALEQS

9.JPASSOCIAT

10.JSWENERGY

11.RELCAPITAL

12.TV18BRDCST

13.UJJIVAN

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/  

Markets open on positive note; Asian Paints top Nifty gainer

Indian Indices:

BSE Sensex opened higher by 22 points at 29358, while the Nifty50 opened higher by 5 points at the 9108 mark. Nifty50 going forward has immediate support in the region of 9,060-9,070, and if this support level is breached, it is likely to open up for correction up to the level of 9,000, which could act as a major support for the Nifty50. On the upside, immediate resistance is placed around the level of 9,165, and if it holds above the level of 9,165, it is likely to test the level of 9,220

Indian equity markets may start day’s trade on a flat note. The muted trend in the SGX Nifty, which was trading with a modest loss of 5 points at 9,130, signalled a flat to subdued opening for the domestic bourses.

There are 951 advances, 417 declines and 428 unchanged stocks on NSE reflecting strong positive bias floating in the market. The National Stock Exchange has introduced Future and Options contracts of 16 additional securities and it would be available for trading with effect from April 28.

Global Market:

Asian markets are trading with a positive bias on Thursday. The Japan’s Nikkei 225 is trading higher by 68 points. Hong Kong’s Hang Seng has surged 84 points and China’s Shanghai Composite has gained 5 points.

European shares recovered on Wednesday from their biggest one-day loss in five months, as a rebound in banking stocks and some positive first-quarter results outweighed weakness in oil and gas stocks.

Major Headlines of the day:

Aurobindo Pharma receives Form 483 with 6 observations.

Godrej Properties by selling office assets, to raise Rs 1,500  crore.

ITC aims to become leader in packaged-foods industry.

Trend in FII flows:The FIIs were net buyers of Rs  -673.38  the cash segment on Wednesday while the DIIs were net sellers of Rs 525.52 as per the provisional figures.

UPCOMING RESULTS: CRISIL, CYIENT, MINDTREE, HINDZINC, MASTEK.

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

1.BHARATFIN

2.HDIL

3.IBREALEST

4.INFIBEAM

5.IRB

6.JINDALSTEL

7.JPASSOCIAT

8.JSWENERGY

9.RELCAPITAL

10.UJJIVAN

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/  

D-Street likely to open flat; SGX Nifty down 4.00 points

Indian Indices:

Indian markets are likely to open flat with negative bias on Wednesday, tracking weak cues from fellow Asian peers after Wall Street ended lower in overnight trade as traders weighed escalating tension between North Korea and the US and the nearing of the French presidential election.

SGX Nifty -4.5 points @ 9112.On the corporate front, IndusInd Bank, YES Bank, Sasken and Network18, will release their financial results for the quarter ended March 31, 2017 today.

The benchmark indices on Tuesday erased entire morning gains to extend losses for the fourth straight session as investors booked profit in banking stocks after Nifty PSU Bank index hit its 52-week high on expectations of robust March quarter earnings.

Global Market:

Asia markets declined on Wednesday, tracking Wall Street's negative close overnight, with resources and financial shares losing ground.

European shares hit three-week lows on Tuesday in volatile trade after Britain's prime minister called for an early election and the first round of France's presidential election loomed.

The S&P 500 fell for the fourth time in five sessions on Tuesday, weighed down by a drop in Goldman Sachs and Johnson & Johnson following their quarterly results, while geopolitical tensions added to investor caution. Key Data to watch in US today -Fed Beige book.

Major Headlines of the day:

Tata Steel plans $663 mn payout for one-time UK pension settlement under new scheme.

India cos FDI jumps two-fold to $3 billion in March.

RBI raises provisioning on telecom loans

Trend in FII flows: The FIIs were net buyers of Rs -930.67  the cash segment on Tuesday while the DIIs were net sellers of Rs 878.08 as per the provisional figures.

UPCOMING RESULTS: INDUSIND BANK , YESBANK, TV18BROADCAST, NETWORK18, JAYBARMARU

Securities in Ban For Trade Date 19-APR-2017:  

1.BHARATFIN

2.HDIL

3.IBREALEST

4.INFIBEAM

5.JPASSOCIAT

6.JSWENERGY

7.UJJIVAN

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/  

Flat opening on D-Street; SGX Nifty down 6.50 points

Indian Indices:

Indian markets are likely to open flat to lower on Tuesday, tracking mixed cues from fellow Asian peers. SGX Nifty down 6.50 points @ 9160.

Equity benchmarks extended losses for third consecutive session on Monday, with the Nifty closing below 9150 level amid sluggish trade. Investors remained cautious amid rising geopolitical tensions, weak bank credit growth and muted start to March quarter earnings season by Infosys. All eyes are on TCS numbers due later today.

Global Market:

Asian stocks pulled back in early trade on Tuesday, while the dollar bounced back from a five-month low after the US Treasury Secretary's comments supported a stronger currency, although escalating tensions over North Korea capped gains.

US stocks bounced back on Monday after the S&P 500 closed the previous session at a two month low, in a broad rally led by recently beaten-down bank and technology shares

Key Data to watch in US today : US Housing Starts & Industrial production.

Major Headlines of the day:

L&T bags Rs 2227 cr contracts in water & effluent treatment segment.

Muthoot Capital board meets for results, bonus.

HPCL approves resumption of Rajasthan Refinery Project.

Trend in FII flows: The FIIs were net buyers of Rs -250.54  the cash segment on Monday while the DIIs were net sellers of Rs -52.38  as per the provisional figures.

Securities in Ban For Trade Date 18-APR-2017:  

1.BHARATFIN

2.IBREALEST

3.INFIBEAM

4.JINDALSTEL

5.JSWENERGY

6.UJJIVAN

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/