Markets set to open lower; SGX Nifty down 18 pt

Markets set to open lower; SGX Nifty down 18 pt;

Indian Indices:

SGX Nifty is trading 18 points down. The barometer 30-scrip Sensex zoomed over 200 points while the broader Nifty50 rose 52 points in the last trading day of calendar year 2017. Auto sales would be the first major cue in the New Year .

The domestic equity benchmark indices are likely to witness a flat to negative opening today tracking lack of cues from global markets. Most of the global markets are closed today due to New Year Holiday. Dalal Street investors may react to China’s manufacturing sector data that fell slightly in December.

The official Purchasing Managers’ Index (PMI) released on Sunday fell to 51.6 in December, down from 51.8 in November.

Weaknessin the SGX Nifty Index Futures for December delivery, which were trading at 10,539, down by 19.50 points or 0.19%, at 11:26 AM Singapore time,signalled a flat to negative opening for the domestic equity bourses.

On the stock front

• Automobile stocks will remain in focus as major companies in this sector will announce their sales volume data for the month of December from today.

WALL STREET UPDATE

• US stocks ended lower on the last trading day of the year 20017 on Friday weighed down by losses in technology and financial stocks.

PREVIOUS DAY ROUNDUP (DOMESTIC)

• On the last trading session of 2017, the Indian equities ended on robust note with the benchmark Sensex rallying over 200 points and the NSE Nifty breaching 10,500 levels amid strong rally across PSU, technology, banking, FMCG and capital goods space.

Global Market:

• US stocks slide on final trading day of 2017.Technology companies, banks and health care stocks accounted for much of the market’s decline.US markets will be closed on 1st January 2018.

• Asian Markets too will be closed on account of New year celebrations.

Major Headlines of the day:

• Cadila  gets USFDA approval for Valacyclovir tablets, used to treat cold sores (herpes) and shingles. The drug shall be manufactured at groups formulation facility at Moraiya

• The government has provided over Rs 2257-cr fresh equity to Bank of India to help it meet the prescribed regulatory capital requirement.

• The government has provided over Rs 1375-cr fresh equity to UCO Bank to help it meet the prescribed regulatory capital requirement.

• Fortis Hospital accused of selling illegal fresh frozen plasma to Reliance and charged exorbitant prices for the blood, Haryana Government suspends blood bank and pharmacy licenses.

• Media Reports says that the microfinance industry is bracing to write off close to Rs 5,000 cr as bad loans on account of debt waiver schemes by state governments.

Trend in FII flows: The FIIs were Net Value of Rs 595.04 the cash segment on FRIDAY while the DIIs were Net Value of Rs 461.37  as per the provisional figures.

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

1.HDIL

2.JPASSOCIAT

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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capitalstars - Rupee ends 2017 on bullish note, hits 4-mth peak of 63.87

The Reserve Bank of India, meanwhile, fixed the reference rate for the dollar at 63.9273 and for the euro at 76.3867 

Pushing the momentum through year- end, the rupee on Friday capped off a fabulous 2017 at a fresh four-month high of 63.87 a dollar, rising by a good 21 paise amid bearish dollar sentiment.

This is the highest closing for the home currency since September 8 this year. On year-over-year basis, the rupee appreciated by a whopping 405 paise, or 5.96 per cent, as compared to 2016-end level of 67.92.

The year 2017 gave a massive edge to the Indian currency when compared to its counterparts in other Asian and emerging economies, after a long six-year hiatus. Frantic dollar unwinding by banks and exporters along with bullish local equities, further impending bout of strength. Besides, the prevailing bearish sentiment for the American unit proved to be a catalyst for the Indian rupee.

Also helped by dynamic capital inflows, the year undoubtedly marked an incredible comeback and a new beginning for the home currency even as the country witnessed a dramatic and eventual transition to a cash-less economy.

The performance of Asia's best currency has been largely impressive this year as it managed to swim against cyclical slowdown and global currency volatility against the backdrop of US political headlines, echoing its robust resilience.

This performance has been founded on a combination of factors such as highly bullish macro-economic fundamentals and easing monetary policy dynamics, as well as by the strength of global economy. At the Interbank Foreign Exchange (forex) market on Friday, the rupee opened modestly higher at 64.05 from Thursday's close of 64.08.
 

Maintaining its strong ascent, the local unit breached the key 64 resistance level to hit a high of 63.78 in mid afternoon deals before ending at 63.87, showing a smart gain of 21 paise, or 0.33 per cent.

The Reserve Bank of India, meanwhile, fixed the reference rate for the dollar at 63.9273 and for the euro at 76.3867. A breathtaking rally in domestic equities further supplemented the currency momentum during the year.

2017 turned out to be a remarkable year for equities, with benchmarks surging past milestones and rewarding investors with stellar 28 per cent returns.
 

Meanwhile, the key US Dollar Index languished near a one-month low in pre-holiday lacklustre trading and is all set to end the year with a loss of over 9 per cent.

The dollar index, which measures the greenback's value against a basket of six major currencies, continued to struggle near multi-week lows and was down at 92 in early trade.

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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Markets end lower on F&O expiry day - 29 DEC 2017

Markets end lower on F&O expiry day;

Indian Indices:

Indian shares ended lower for a second straight session on Thursday ahead of the expiry of derivatives contracts and on lingering concerns over government borrowing exceeding target. The S&P BSE Sensex and the CNX Nifty fell by 0.19% and 0.12% respectively.

Indian markets ended lower on Thursday, tracking mixed cues from Asian peers, as gains in metal and realty stocks were offset by selling across PSU and oil&gas space. The market also witnessed some volatility amid expiry of December futures and options (F&O) contracts today. Bucking the trend, the broader markets ended higher, with S&P BSE MidCap and S&P BSE SmallCap indices gaining between 0.1%-0.3%.

On the economy  front

• The government may infuse about Rs 10,000 crore in six public sector lenders, including United Bank of India, Dena Bank and Bank of Maharashtra, said the media report.

On the stock front

• Sharesof drug major Lupin Ltd will remain in focus as the company fater the market hours yesterday announced that it received final approval from the United States Food and Drug Administration (USFDA) to market a generic version of Dovonex Scalp Solution, 0.005% of Leo Pharmaceutical Products.

• Further, shares of Reliance Communications will remain in focus after Mukesh Ambani led Reliance Jio on Thursday acquired spectrum, tower, optical fiber network and other wireless assets of Anil Ambani’s debt­ ridden company.

• Shares of Astron Paper & Board Mills will make be listed on stock bourses today. The company successfully concluded its initial public offer (IPO) last week.

WALL STREET UPDATE

• Wall Street closed little changed in light volume of trading on Thursday, as gains in financial stocks were offset by losses in technology stocks.

PREVIOUS DAY ROUNDUP (DOMESTIC)

• The Indian equities ended lower in volatile trade on Thursday, tracking mixed cues from Asian peers, as gains in metal and realty stocks were offset by selling across PSU and oil&gas space.

Global Market:

• US European markets were pointing in different directions on Thursday amid a light holiday-week of trade seen across markets worldwide.

• Asian markets closed mostly higher on Thursday following a rally in oil and copper prices this week. Trade was thin ahead of the long New Year’s weekend.

Major Headlines of the day:

• United Bank of India rose 3.41% after the bank said that it raised Rs 100 crore by issuing Basel III compliant bonds on a private placement basis.

• Mahindra CIE Automotive rose 3.56%, after a domestic brokerage firm reportedly initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 297 per share.

• Reliance Communications rose 7.67%, extending yesterday’s surge triggered by the company exiting the strategic debt restructuring plan with a zero write-off to lenders.

Trend in FII flows: The FIIs were Net Value of Rs 562.55 the cash segment on Thirsday while the DIIs were Net Value of Rs -774.09  as per the provisional figures.

Securities in Ban For Trade Date 29-DEC-2017:

1.NIL

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 above 10,500 in opening, Midcap outperforms Sensex; metals shine

Indian Indices:
Equity benchmarks rebounded with mild gains amid volatility on Thursday morning, ahead of expiry of December futures and options contracts. The 30-share BSE Sensex was up 51.96 points at 33,963.77 and the 50-share NSE Nifty gained 21 points at 10,511.80.Hindalco Industries, Vedanta, Aurobindo Pharma, BPCL, Lupin, HUL, Tata Steel, Coal India and Dr Reddy’s Labs were early gainers.
The domestic equity benchmark indices are likely to open on a positive note today tracking gains in Nifty futures on the Singapore Stock Exchange and positive trend across global Peers. The Nifty Midcap was up 0.24 percent.
Positive trend in the SGX Nifty Index Futures for December delivery, which were trading at 10,527, up by 33.50 points or 0.32,at 11:22 AM Singapore time, also signaled a higher opening for the domestic equity bourses. Volatility is expected to remain high in today session due to expiry of December futures and options (F&O) contracts today. Traders roll over positions in the futures & options (F&O) segment from the near month December 2017 series to January 2018 series.

On the economy  front
The government’s plans to borrow additional Rs 50,000 crore through bond and equities markets will put further pressure on the fiscal deficit and could lead to it breaching the government’s fiscal deficit target.

On the stock front
Shares of Country’s largest lender State Bank of India (SBI) will remain in focus as the bank on Wednesday said it has got board’s nod to raise Rs 8,000 crore to meet Basel III capital adequacy norms.
Moreover, automobiles stock will be in focus after the Lok Sabha approved a bill to hike cess on luxury vehicles from 15% to 25% in a move aimed at compensating the states for revenue .loss following the rollout of GST.

WALL STREET UPDATE
Wall Street ended on a flat note on Wednesday as gains in the technology sector were offset by losses in energy stocks. Trading volume remained light in a holiday shortened week ahead of New year. The Dow Jones Industrial Average rose 15.81 points to 24,762.02 and the Nasdaq Composite gained 0.64 point to 6,936.89.

PREVIOUS DAY ROUNDUP (DOMESTIC)
The key Indian benchmarks closed lower after hitting fresh record highs intraday, dragged by banks, auto, FMCG stocks, and offsetting gains in pharma stocks.The key Indian benchmarks closed lower after hitting fresh record highs intraday, dragged by banks, auto, FMCG stocks, and offsetting gains in pharma stocks.
Global Market:

Major Asian markets are trading in the green at present with Shanghai Composite up 0.34%, Hang Seng is up 0.61% while Nikkei is trading 0.15% higher.
US Markets: Stocks witnessed a continuation of the sideways momentum in yesterday’s trade. The major averages closed in positive territory but off their best levels of the day. The Dow ticked up 0.1% to 24,774.30, the Nasdaq inched up 3.09 points or less than a tenth of a percent to 6,939.34 and the S&P 500 edged up 0.1% to 2,682.62
European markets closed in the flat to positive yesterday with FTSE up 0.37%, CAC up 0.08% and DAX ended 0.02% lower
Major Headlines of the day:

Realty major DLF’s shareholders approved an issue of debentures and warrants to promoters in lieu of Rs 11,250 crore equity infusion into the company to reduce company’s net debt significantly.
United Bank of India has raised Rs 100 crore by issuing Basel III compliant bonds on a private placement Basis.
Vedanta Ltd announced acquisition of a controlling stake in Japanese glass substrate manufacturer AvanStrate Inc from global private equity firm Carlyle Group.
Trend in FII flows: The FIIs were Net Value of Rs 172.32 the cash segment on Wednesday while the DIIs were Net Value of Rs -206.68  as per the provisional figures.

Securities in Ban For Trade Date 28-DEC-2017:

1.BALRAMCHIN

2.DHFL

3.DLF

4.GMRINFRA

5.HDIL

6.IFCI

7.JETAIRWAYS

8.JISLJALEQS

9.JPASSOCIAT

10.RCOM

11.RELCAPITAL

12.TV18BRDCST

13.WOCKPHARMA

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 set to open lower; SGX Nifty trading at 10555;

Indian Indices:

SGX Nifty is trading @ 10555 . Equity benchmarks as well as broader markets closed at fresh records highs ahead of Christmas break. Tracking positive Asian cues and backed by Oil, Technology & banking sector nifty closed above 10500 milestone. The domestic equity benchmark indices are likely to open on a

negative note today trading weakness in SGX Nifty futures on the Singapore stock exchange and mixed global peers.

Futures for December delivery, which were trading at 10,50, down by 30 points or 0.29%, at 11:22 AM Singapore time, also signaled a negative opening for

the domestic equity bourses.The trading in the domestic equity market is likely to remain volatile in a holiday trading shortened week ahead of futures

and options’  expiry on Thursday.

Traders roll over positions in the futures & options (F&O) segment from the near month December 2017 series to January 2018 series.

The proceedings of the ongoing winter session of the Parliament will be closely watched by the investors as slew of key Bills are slated to come up for

discussion in this session of Parliament. .

On the stock front

Banking stocks will remain in focus as media reports stated that Finance Minister have asked staterun banks to rationalise their branches as part of the

reform process to strengthen their financials.

Moreover, shares of Bharat Heavy Electricals (Bhel) will be in focus as the company has bagged an order worth Rs 672 crore for 146 sets of Insulated Gate Bipolar

Transistor (IGBT)-based 3 phase electrics for 25 kilovolt (KV) AC Mainline EMU

(MEMU) trains.

PREVIOUS DAY ROUNDUP (DOMESTIC)

The Indian equities ended at record high on Friday, tracking firm cues from Asian peers, led by strong buying across IT majors Infosys, TCS and Wipro after

Accenture raised the revenue guidance for fiscal year 2018.

Global Market:

Wall Street’s major indexes dipped on Friday in low trading volume before the holiday weekend as several blue-chip stocks slipped as Investors were seen winding down ahead of Christmas on Monday, when the market will be closed

Asian markets were mixed early in the Tuesday session in what's likely to be light, holiday-week trading.

Major Headlines of the day:

Larsen & Toubro gets Delhi Expo Centre phase-I contract for Rs 2,790 cr.

Tata Power wins mining license project in Kamchatka province in Russian Far East.

EID Parry to hive off its bio-pesticides business to Coromandel on a slump sale basis for Rs 338 cr.

GVK Power unit wins bid for 17,06,300 tonnes coal.

Welspun Corp receives an order for the supply of 1.24 lakh MT pipes.

Trend in FII flows: The FIIs were Net Value of Rs 107.87 the cash segment on Friday while the DIIs were Net Value of Rs 371.53 as per the provisional figures.

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

1.BALRAMCHIN

2.DHFL

3.DLF

4.FORTIS

5.GMRINFRA

6.IFCI

7.JPASSOCIAT

8.RCOM

9.WOCKPHARMA

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 opens above 34,000, Nifty trades flat; Reliance Comm surges 20%

Sensex opens above 34,000, Nifty trades flat; Reliance Comm surges 20%;

Indian Indices:

The domestic equity benchmark indices are likely to witness a negative opening today tracking weak SGX Nifty Index Futures and mixed Asian peers.Weak trends in the SGX Nifty Index Futures for December delivery, which were trading at 10,517, down by 10 points or 0.10%, at 11:20 AM Singapore time, signalled a flat to negative opening for the domestic equity bourses. 

Dalal Street investors would react to reports stating revenue collection from Goods and Services Tax (GST) for the month of November fell further to Rs 80,808 crore. 

The collection was lowest since the implementation of the indirect tax system from July 1. Further, markets regulator Sebi is mulling easing access norms for investment by foreign portfolio investors (FPIs) and bringing a new framework to strengthen the governance structure for mutual funds.

On the stock front

Shares of 63 Moons Technologies, formerly known as Financial Technologies will remain in focus as the Capital markets regulator Securities and Exchange Board of India (Sebi) on Tuesday penalised the company after it failed to seek prior approval for the name change from stock exchanges.

WALL STREET UPDATE

• Wall Street ended lower on Tuesday dragged down by decline in Apple shares, offsetting gains in energy stocks as oil prices hit their highest in more than two years.

PREVIOUS DAY ROUNDUP (DOMESTIC)

The Indian equities ended tad higher on Tuesday, tracking mixed cues from Asian peers, led by strong buying across realty and metal stocks.
Outperforming the benchmark index, the broader markets ended higher, with MidCap and SmlCap indices gaining between 0.64­0.76 per cent.

Global Market:

• The US economy grew at its fastest pace in more thantwo years in the third quarter, indicating steady growth in the world’s largest economy.

• Asian stocks were trading mixed in a thin holiday shortened week shrugging off overnight declines seen on Wall Street as investors await the release of industrial profit numbers out of China.

Major Headlines of the day:

• Canara Bank said it will raise up to Rs 3,500 crore capital through a qualified institutions placement (QIP) route.The decision in this respect was taken at the bank's board meeting.
  Jindal Steel and Power Ltd said it has successfully completed a 250 ton basic oxygen furnace (BOF), marking the completion of the company's 6­MTPA integrated steel project at Angul in Odisha.

Trend in FII flows: The FIIs were Net Value of Rs -44.07 the cash segment on Tuesday while the DIIs were Net Value of Rs 544.50 as per the provisional figures.

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

1.BALRAMCHIN

2.DHFL

3.DLF

4.GMRINFRA

5.HDIL

6.IFCI

7.JETAIRWAYS

8.JISLJALEQS

9.JPASSOCIAT

10.RELCAPITAL

11.WOCKPHARMA

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/