Sensex begins Budget Day session 100 pts higher, Nifty above 11,050;

Indian Indices:

The market has begun the Budget Day trading session on a positive note, with the Sensex gaining over 100 points. The Sensex was up 126.19 points at 36091.21, while the Nifty was up 40.70 points at 11068.40. The market breadth was narrow as 385 shares advanced, against a decline of 216 shares, while 122 shares are unchanged .Larsen & Toubro, SBI, and HPCL gained the most on both indices, while NTPC and Infosys have lost the most. The Bank Nifty is trading 0.28 percent higher. Other sectoral indices are trading in the green, barring Nifty pharma. L&T gained 2.4 percent on better than expected earnings. ICICI Bank cut opening losses to trade 0.4 percent lower, after earnings. JSW Steel was up 1 percent and Vedanta declined 1 percent post earnings.

Quess Corp gained 2 percent after acquisition of two companies. The focus for today undoubtedly will be on Finance Minister Arun Jaitley as he lays out details of the Union Budget. Investors will hope there is continued commitment to fiscal consolidation and no additional tax burden on capital market investments. Areas like infrastructure and affordable housing, healthcare, job creation and rural development would get attention. The Nifty, which started on a muted note.

On the Earning front

Stock  focus will be on ASHOKLEY, BAJAJFINSV, CEAT, CUMMINS, MRF, POWERGRID, TITAN among others which will announce their

December 2017 quarter earnings report today.

Global Market:

Major Asian markets are trading in the green at present Nikkei is up 1.34%, Hang Seng is up 0.15%, while Shanghai Composite is trading 0.12% higher.

US Markets: The major averages ended the day modestly lower. The Dow rose 0.3% to 26,149.39, the Nasdaq inched up 0.1% to 7,411.48 and the S&P 500 also ended the session 0.1% higher at 2,823.81.

European markets closed mixed yesterday with FTSE down 0.72%, CAX was up 0.15% and DAX closed 0.06% lower.

Major Headlines of the day:

ONGC buys government's entire 51.11% stake in HPCL for Rs 36,915 crore. In a regulatory filing, ONGC said it bought 77.88 crore shares in Hindustan Petroleum Corp Ltd (HPCL) for Rs 473.97 per share. The acquisition was done in an off-market deal.

SBI receives board approval to divest 4.40% stake in CCIL. Country's largest lender State Bank of India today said it has received board approval to divest 4.40 per cent stake in Clearing Corporation of India.

Trend in FII flows: The FIIs were Net Value of Rs -136.63  the cash segment Tuesday while the DIIs were Net Value of Rs 1294.66 as per the provisional figures.

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

FORTIS

JISLJALEQS

JPASSOCIAT

WOCKPHARMA

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Markets set to open flat; SGX Nifty down by 10 pts;

Indian Indices:

SGX Nifty is trading at 11132 down by 10 points.  Indian markets resumed their record setting spree after an upbeat growth forecast by the economic survey gave fresh impetus to Investor sentiments. 

The domestic equity market is likely to open on a negative note today tracking soft cues from Nifty futures on the Singapore Stock Exchange and weak cues

from marketsBack home, soft trend in the SGX Nifty Index Futures for February delivery, which were trading at 11,130.00, down by 12.50 points or 0.11%at 11:12 AM Singapore time, also signaled a negative opening for the domestic equity bourses. Interest rate related stocks are likely to be in focus after Chief

Economic Adviser Arvind Subramanian on Monday indicated that the scope for RBI to lower interest rate may be limited with growth picking up and inflation

hardening.

On the Stock front

Shares of Tech Mahindra will remain in focus as the IT major reported 12.79% QoQ rise in consolidated profit at Rs 943.06 crore for the quarter ended

December 31, 2017. Consolidated revenue stood at ?7,776 crore was up 2.9% over the same period last year and 2.2% over the previous quarter.

Shares of Piramal Enterprises will be in focus after Morgan Stanley on Monday sold 1.47% stake in Piramal Group's flagship firm Piramal Enterprises

for over Rs 710 crore, through an open market transaction.

On the Earning front

Stock focus will be on stocks including BEL, Bharat Financial, IOC, OBC, SBI Life, Jain Irrigation Systems and TVS Motor as these companies will

announce their December 2017 quarterly earnings report today.

Previous Day Roundup

Benchmark indices ended at fresh record closing highs after the Economic Survey said India will re-establish itself as the world's fastest growing

major economy with GDP expanding by 7-7.5 per cent in 2018¬19.

Global Market:

Major Asian markets are trading in the red, at present Nikkei is down 0.62%, Hang Seng is down 0.15%, while Shanghai Composite is trading  0.38% lower.

US Markets: The major averages witnessed a pullback in yesterday’s session after closing at record highs on Friday.

European markets closed flat yesterday with FTSE up 0.08%, CAX down 0.14% and DAX closed 0.12% lower.

Major Headlines of the day:

Mortgage lender HDFC Ltd today reported over two-fold jump in its consolidated net profit at Rs 6,677.06 crore for third quarter ended

December 2017. The company's consolidated net profit in the corresponding  quarter of the previous fiscal stood at Rs 2,728.66 crore.

GAIL India Ltd today said it has started pipeline construction work in West Bengal for providing fuel supply to Matix Fertilizers, Durgapur,

The project is part of the Pradhan Mantri Urja Ganga pipeline project that spans from Jagdishpur in Uttar Pradesh to Haldia in West Bengal and

Bokaro in Jharkhand and Dhamra in Odisha.

Trend in FII flows: The FIIs were Net Value of Rs 291.86  the cash segment Monday while the DIIs were Net Value of Rs 90.08 as per the provisional figures.

Securities in Ban For Trade Date 30-JAN-2017:

JPASSOCIAT

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Sensex opens lower, Nifty holds 11,000; IOC, Bharti Airtel gain

Indian Indices:

The market began the session on a mildly lower note, with the Nifty holding 11,000-mark.

The Sensex is down about 25.75 points or 0.07% at 36,007.98, while the Nifty was down 9.90 points or 0.09% at 11039.80. The market breadth still continues to be negative as 413 shares advanced, against a decline of 639 shares, while 140 shares are unchanged. Midcaps continued to be weak, with the Nifty midcap index trading around 0.40 percent lower. The Indian rupee opened lower at 63.67 per dollar on Wednesday versus previous close 63.60.Pramit Brahmbhatt of Veracity said, "On the back of negative cues from domestic equity market, the rupee will remain under pressure."

On the Earning front

Stock  focus will be ARVIND, DABUR, ESCORT, EXIDE, ICICIBANK, IIFL, JSWSTEEL, KAJARIACER, L&T, NTPC, PVR, RELINFRA, VEDL, VRLLOGISTIC, among others which will announce their December 2017 quarter earnings report today.

Global Market:

Asia stocks eased on Wednesday, pulling further back from record highs, as the recent rise in global bond yields weighed on equities. MSCI's broadest index of Asia-Pacific shares outside Japan added to the previous day's losses and dipped 0.1 percent, after reaching a record high on Monday.

US Markets: US stocks fell for a second straight day on Tuesday, with the Dow registering its biggest two-day drop since September 2016, pressured by healthcare stocks and rising bond yield

European markets also closed lower yesterday with FTSE down 1.10%, CAX was down 0.87% and DAX closed 0.98% lower.

Major Headlines of the day:

Syndicate Bank board meet on Feb 2 to approve revised capital plan pf bank from earlier Rs 3500 cr to Rs 3990cr through QIP/ Rights issue/ Follow on public offer.

Welspun Enterprises acquired 49% stake in the Project for Four laning of Chikhali - Tarsod (Package-IIA) section of NH-6 from km. 360.000 to km.422.700 from Vishvaraj Group for a consideration of Rs 83.3 million.

Trend in FII flows: The FIIs were Net Value of Rs -105.56  the cash segment Tuesday while the DIIs were Net Value of Rs -281.65 as per the provisional figures.

Securities in Ban For Trade Date 31-JAN-2017:

JPASSOCIAT

WOCKPHARMA

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Midcap outperforms Sensex; Nifty choppy, PSU Bank index dips 2%

Equity benchmarks continued to consolidate in opening on Thursday, ahead of expiry of January futures and options contracts.

The 30-share BSE Sensex was down 12.03 points at 36,149.61 and the 50-share NSE Nifty fell 4.30 points to 11,081.70.

The market breadth was balanced as about 683 shares declined against 602 advancing shares on the BSE.

After PSU banks' recapitalisation amount announcement, SBI, PNB and Bank of Baroda were down 1-3 percent. However, IDBI Bank, Bank of India, UCO Bank, Central Bank of India, IOB, Union Bank, OBC, United Bank, Syndicate Bank, Bank of Maharashtra, Dena Bank and Corporation Bank rallied 2-10 percent.

L&T Infotech, Bharat Bijlee, Everest Industries and KEI Industries rallied post earnings. Biocon lost 4.5 percent after bad earnings.

The year 2017 belongs to high beta stocks which remained in limelight throughout the year but the year 2018 is likely to belong to quality or largecaps stocks, that’s the verdict coming from experts.

The valuations of Indian markets look stretch but after a strong rally seen in the small and midcaps, analysts’ advise experts to either book profits partially or switch part of their holding to largecaps. A rotation trade already started witnessing just last week.

The rupee gained 19 paise to 63.49 against the US dollar in morning today on increased selling of the American currency by exporters and banks.

Besides sustained foreign fund inflows, stock markets opening with gains and the dollar weakening against major currencies overseas also supported the domestic unit, forex dealers said.

The dollar was weak following the US Treasury Secretary hailing a 'weak dollar' at the World Economic Forum in Davos.

Yesterday, the rupee had strengthened by 9 paise to close at a new one-week high 63.69.

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Sensex, Nifty turn choppy post flat opening; United Spirits down 5%

The benchmark indices opened lower amid mixed global cues with Sensex holding above 36, 000 mark.

The Sensex was down 16.71 points at 36123.27, and the Nifty down 16.90 points at 11066.80.

About 437 shares have advanced, 668 shares declined, and 163 shares are unchanged.

ITC, HDFC, Wipro, Maruti Suzuki, ONGC, GAIL, Indiabulls Hsg and Dr Reddy’s Labs are the top gainers on the indices, while top loser includes Bharti Airtel, ICICI Bank, Tata Motors, Reliance Industries, Tata Steel, Vedanta, Hindalco and Eicher Motors.

Asian markets traded mixed early on Wednesday after Wall Street closed mostly higher as investors stateside focused on earnings releases.

US stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite. Asian markets were trading mixed. The Nikkei 225 slipped 0.42 percent after the index hit a fresh 26-year high on Tuesday while the benchmark Kospi index rose 0.37 percent.

The Indian rupee opened higher by 4 paise at 63.73 per dollar on Wednesday against previous close 63.77.

"There would be rangebound trade in the rupee in absence of any cues." "We expect the spot USD-INR pair to trade in a range of 63.80-64,"

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Nifty hits 11,000 for first time, Sensex at 36,000; Axis Bank up 2%;

Indian Indices:

The domestic equity benchmarks indices are likely to witness a positive opening today tracking firm Nifty futures on the Singapore Stock Exchange and 

strong global peers.  firm SGX Nifty Index Futures for January delivery, which were trading at 11,004.50, up by 37 points or 0.34, at 11:24 AM Singapore time, 

also signaled a positive opening for the domestic equity bourses.Banking sector stocks will remain in focus after the Assocham¬Crisil study reveals 

that India's banking sector’s gross non-performing assets (GNPAs) will increase to worth Rs 9.5 lakh crore by the end of March, from Rs 8 lakh crore in 

the year ago period. 

On the Economy front

IMF report showed that India Indian economy is forecast to grow 7.4 per cent in FY19 against 6.7 per cent this year and 7.8 per cent in FY20.

On the Sectoral  front

Sectoral  oil & gas stocks will remain on investors' radar after media reports suggest that Indian oil ministry seeks cut in excise duty on petrol, 

diesel in the upcoming 2018-19 budget to cushion the impact of rising oil prices.

On the Earning front

Stock including RBL Bank, Indiabulls Housing, NIIT, PNB Housing, Crompton Greaves Consumer Electricals, Can Fin Homes, Symphony, United Spirits, 

will remain in focus in today's trade as these companies will announce their December 2017 quarter earnings report today.

Previous Day Roundup

The key domestic benchmark indices ended higher owing to the foreign fund inflows and persistent buying in bluechips like Reliance Industries Ltd 

(RIL) that posted betterthan¬expected quarterly earnings.

Global Market:

Major  Asian markets opened higher spurred by fresh record highs for U.S. equities overnight. Asian markets are trading in the green at present Nikkei is up 0.92%, Hang Seng is up 0.86%, while Shanghai Composite the is trading  0.29% higher.

Sentiments boosted after the U.S. government shutdown moved toward an end. US lawmakers passed a short¬term 

measure on Monday to fund the federal government through Feb 8.

European markets also closed mixed yesterday with FTSE down 0.20 %, CAX up 0.28% and DAX closed 0.22% higher

Major Headlines of the day:

Axis Bank Says Retain Guidance Of 20bps Moderation In FY18Net Interest Margin May Stablise, Improve In Jan-March.

IOC might consider issue of bonus shares on Jan 30, 2018Kalpataru Power Transmission received new orders of Rs 871 crore

Trend in FII flows: The FIIs were Net Value of Rs 1567.51 the cash segment Monday while the DIIs were Net Value of Rs -461.87 as per the provisional figures.

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

1.BALRAMCHIN

2.DHFL

3.DLF

4.FORTIS

5.HCC

6.HDIL

7.IFCI

8.JPASSOCIAT

9.JUSTDIAL

10.KSCL

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Markets expected to open on a flat note, in line with its Asian peers;

Indian Indices:

SGX Nifty The Indian equity benchmark indices are likely to open on a flat note with positive bias today amid muted cues from Asian peers Muted trends

in the SGX Nifty Index Futures for January delivery, which were trading at 10,914, unchanged, at 11:32 AM Singapore time, signalled a flat opening for the domestic equity bourses. The markets may react to the report that India will overtake China to be the fastest growing large economy in 2018 and the country's

equity market will become the fifth largest in the world.

On the corporate front

Shares ONGC and HPCL will be in focus ONGC has agreed to acquire the government's entire 51.11 per cent stake in Hindustan Petroleum for about

Rs 37,000 crore in an all cash deal that would close by month end.

Shares of Reliance Industries will remian on investors' radar as the company reported a record net profit at Rs 9,423 crore in the quarter ended

December 2017, up by 25%, as against Rs7,533 crore a year earlier.

On the Earning front

Around 29 companies are scheduled to report their December 2017 quarter earning results today which include names like Asian Paints, Axis Bank,

Diwan Housing, Havells India, JustDial, Rallis India, Videocon Industries

Previous Day Roundup

The Indian equities extended broad-based rally on Friday, helped by sustained buying by foreign investor coupled with gains in rate sensitive bank and

realty stocks, tracking firm cues from Asian peers.

Global Market:

Major Asian markets are trading flat at present Nikkei is down 0.15%, Hang Seng is up 0.07%, while Shanghai Composite the is trading  0.06% higher.

US Markets: Major indices continued to march ahead with Nasdaq and the S&P 500 managing to close at record highs in Friday’s session. The Dow rose 0.2% to 26,071.72, the Nasdaq advanced 0.6% to 7,336.38 and the S&P 500 ended 0.4% higher at 2,810.30.

European also closed in the green on Friday with FTSE up 0.39 %, CAX up 0.57% and DAX closed 1.14% higher.

Major Headlines of the day:

Tata Steel will remain in focus in today’s trade as the company's board after the market hours on last Friday approved to raise Rs 12800 crore

through a rights issue of equity shares.

Oil and Natural Gas Corp (ONGC) has increased its first ever debt-raising plans by 40 per cent to as much as Rs 35,000 crore to fund its Rs 36,915¬

crore acquisition of Hindustan Petroleum (HPCL).

Trend in FII flows: The FIIs were Net Value of Rs 988.25 the cash segment on friday while the DIIs were Net Value of Rs 209.86 as per the provisional figures.

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

1.BALRAMCHIN

2.DISHTV

3.DLF

4.FORTIS

5.GMRINFRA

6.HCC

7.HDIL

8.IFCI

9.JISLJALEQS

10.KSCL

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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Markets expected to open on a flat note as traders await Q3 numbers of index heavyweights;

Indian Indices:

SGX Nifty indicating a mildly positive opening for the Indian markets. Markets could continue to be volatile in today’s session ahead of the key results of HDFC Bank, Wipro, Kotak Mahindra Bank, ITC and Reliance Industries. The GST Council on Thursday took key decisions to revise rates of 29 goods and 53 services and introduce ‘anti-evasion measures’ to take care of faltering indirect tax revenue. The Indian equity benchmark indices are likely to open on a

positive note today tracking strong cues from other Asian peers.

positive trend in the SGX Nifty Index Futures for January delivery, which were trading at 10,831, up by 19.50 points or 0.18%, at 11:34 AM Singapore time,

signalled a higher opening for the domestic equity bourses. On the economy front, the GST Council in a meet held yesterday revised rates of 29 goods and

53 services and introduce ‘anti-evasion measures’ to take care of faltering indirect tax revenue. Dalal Street investors would react to a report that

India's economic growth is set to bounce back to 7.1% next fiscal, from the estimated 6.5% in 2017-18, aided by a robust consumption demand.

On the Stock front

Shares of IL&FS Transportation Networks will remain in focus as the company’s board has given nod for issuance of masala bonds worth up to

Rs 2,000 crore, besides USD denominated bonds of up to $500 million.

Shares of Yes Bank will remain on investors’ radar after the private sector lender posted a 22% annual growth in net profit at Rs 1,076.87 crore for

the quarter ended December 2017.

On the Earning front

Will be on companies including  Wipro, Reliance Industries, ITC, HDFC Bank, Kotak Mahindra Bank, ICICI Prudential, Jaiprakash Associates

and Jubilant FoodWorks as they will unveil their December 2017 quarter earnings reports today

Previous Day Roundup

The Indian equities continued its gaining momentum on Thursday and closed at fresh record high, albeit paring most of early gains, tracking firm cues from Asian peers, led by rally in FMCG and banking stocks.

Global Market:

Major Asian markets are trading in the green at present, Nikkei is up 0.31%, Hang Seng is up 0.04%, while Shanghai Composite is trading  0.30% higher.

US Markets: All the major averages closed in the negative territory in yesterday’s session. The Dow fell 0.4% to 26,017.81; the S&P 500 dipped 0.2% to 2,798.03 while the tech-heavy Nasdaq closed 2.23 points lower at 7,296.05. Profit booking was witnessed after the strong gains in the recent sessions.

European markets closed mixed yesterday with FTSE down 0.32%, CAX up 0.02% and DAX closed 0.73% higher.

Major Headlines of the day:

The company reported standalone net profit of Rs 64.30 crore for the quarter ended December 31, 2017 as compared to Rs 421.80 crore in the

same period last year, registering a year¬on-year decline of 84.76 per cent. Net revenue of the company declined moderately by 16.55 per cent at

Rs 12,687.60 crore in October-December quarter of this fiscal as against Rs 15,204.20 crore in the corresponding period last year.

Drug firm Torrent Pharmaceuticals said it has acquired US-based generic pharmaceuticals and OTC firm Bio-Pharm Inc for an undisclosed amount.

Trend in FII flows: The FIIs were Net Value of Rs 1894.99 the cash segment on Thursday while the DIIs were Net Value of Rs -657.46 as per the provisional figures.

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

1 BALRAMCHIN

2 DISHTV

3 DLF

4 FORTIS

5 GMRINFRA

6 HCC

7 HDIL

8 IFCI

9 INDIACEM

10 JISLJALEQS

11 KSCL

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/