CapitalStars Financial Research Pvt Ltd

CapitalStars

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX. Read More

Commodity Market Services

Commodity Market Services

In this service we provide 3-4 intraday calls in MCX with a high level of accuracy. The calls are given in Precious Metals, Base Metals and Energies. You can also avail Free Tips for two days to test our accuracy and if satisfied you can join the services with Capital Stars. Read More

Nifty Market Services

Nifty Future Services

We provide you around 1-2 nifty calls, Bank Nifty Futures, nifty futures tips, sgx nifty tips Daily. You can gain more profit, Get 2 days free trial calls. Read More

Equity Market Services

Equity Market Services

In this service we provide 2-4 intraday stock cash calls in NSE/BSE with a high level of accuracy.You can also avail Free Stock Tips for two days to test our accuracy and if satisfied you can join stock cash services with Capital Stars. Read More

Register now

CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Wednesday 31 May 2017

M&M rallies 4% post Q4 on robust outlook for FY18; top gainer : 31 May 2017


Mahindra & Mahindra

Shares of Mahindra & Mahindra rallied over 4% after the utility vehicle and farm equipment major reported a 26.3% growth in net profit at Rs 874 crore for the March quarter, helped by an exceptional gain of Rs 93 crore and higher other income of Rs 294 crore. 

The stock gained as much as 4.6% to Rs 1,427 on the BSE. So far, 79,000 shares exchanged hands on the counter against its two-week average of 85,000 shares. 

Consolidated revenue from operations (including other income) increased over 5% to Rs 12,889 crore. The company took a one-time hit of Rs 171 crore, owing to restrictions on sale of BS-III vehicles by the Supreme Court (from April 1, 2017).

Mahindra sold 130,778 vehicles in the domestic market during Q4, a flat performance compared to the previous year. “We are not happy to maintain 30 per cent market share in the utility vehicle segment. We have lost market share, given the increase in competition,” Pawan Goenka, managing director, said. Sale of tractors grew 13.3 per cent to 46,583 units in the domestic market. Tractor exports stood at 10, 831 units. 

The consolidated annual profit in FY17 stood at Rs 4,050 crore against Rs 3,554 crore in FY16. Consolidated revenue for the year rose 10.6% to Rs 88,983 crore. 

The company has a robust outlook for FY18, assuming a favourable global and domestic backdrop.


Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

Get more details here:-



* 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

CS OPENING BELL : 31 May 2017

CS OPENING BELL

NIFTY SPOT UP2 @9625
SENSEX UP 9 @31167
BANK NIFTY FUTURES UP25 @23277

CS NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES2:9675
 RES 1:9640
SUP1:9475
SUP2:9425

CS BANK NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES 2: 23525
RES 1:23405
SUP1:23100
SUP2: 23025

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

Get more details here:-

* 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

Muted start likely on flat global cues : 31 May 2017

Equity Market Outlook,

Indian Indices:

Indian shares are likely to witness a flat opening as the global markets are muted with SGX Nifty trading 2.50 points higher @9622. The Indian benchmarks are set to open flat on Wednesday amid mixed cues from Asian peers. Also, Wall Street ended lower in the previous trading session as weakness in the energy and financial sectors outweighed gains in technology shares.

On the economic front, the investors will eye the GDP numbers as the Government will unveil GDP figures for the quarter ended on May 31, Wednesday post market hours. Gross domestic product (GDP) had grown marginally lower, at 7 percent, in the third quarter of FY17, down from 7.4 percent in the second quarter.

The Indian equity benchmarks ended at fresh record closing high with benchmark index Sensex ending nearly 50.12 points higher, while NSE Nifty settled at 9,624.55-mark, as investors cheered the news of early arrival of monsoon and expectation of implementation of GST.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31,159.4 up by 50.12 points or 0.16 per cent, while the NSE Nifty ended at 9,624.55 up by 19.65 points or 0.2 per cent.

Global Market:

Asian stocks climbed on Wednesday, capping a fifth consecutive month of gains, as data showed China's factory activity grew at a steady clip this month, bucking expectations of a slowdown.

Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production which is undermining OPEC-led production cuts aimed at tightening the market.

Japan's factory output rebounded in April from March and grew at the fastest pace in almost six years, taking production to its highest level since 2008.

Major Headlines of the day:

• Eveready to form JV with McLeod Russel for packet tea business.
• EIH Q4 net profit up 78% at Rs 50 crore.
• Max Financial net profit jumps 51% at Rs 593 cr in FY17.
• JLR slashes select model prices by up to Rs 10.9 lakh to offer GST benefits

Trend in FII flows: The FIIs were net buyers of Rs -217.10 the cash segment on Tuesday while the DIIs were net sellers of Rs 366.97 as per the provisional figures.

UPCOMING RESULTS: CASTROLIND,

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

1. RCOM 


Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

Get more details here:-



* 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

Tuesday 30 May 2017

Tightening the noose: Sebi cracks the whip on p-notes : 30 May 2017

SEBI

The Securities and Exchange Board of India (Sebi) on Monday proposed tighter regulations for participatory notes (p-notes), an instrument used by foreign investors to take exposure to the domestic market without registering in India.

In a discussion paper, the market regulator proposed to bar p-notes, or offshore derivative instruments (ODIs), from taking speculative positions in the futures and options segment. It said note-holders would be allowed exposure to the derivatives market only for hedging and not for naked speculation.

The ban on derivative trades without underlying equity could impact nearly a third of ODI subscribers, who currently deal only in derivatives, say experts. A large number of investors also deal in both cash and derivatives, but don’t use derivatives for hedging purpose.

“Through these changes, Sebi is trying to curb the volatility in the F&O market that emanates through ODIs. This, however, should not impact participants whose investment strategies allow for correlation between their positions in the cash segment vis-à-vis their positions in the F&O segment. For strategies that access F&O markets without underlying exposure, the only option seems to be to roll over to the FPI programme,” said Richie Sancheti, head of investment funds practice, Nishith Desai Associates.

The restrictions on the derivatives trade could also curb tax evasion, said legal experts. 

“Many ODI subscribers have been shifting to derivatives since the amended tax treaties came in effect. These proposed changes by Sebi would plug such transitions,” said Rajesh Gandhi, partner, Deloitte. 

Sebi also proposed to levy regulatory fees of $1,000 (Rs 65,000) on every ODI subscriber. The fees will be levied on the foreign portfolio investor (FPI) issuing the p-note. The fees were aimed at encouraging registration of FPIs, Sebi said.

“This is a move to reduce speculative trading by overseas funds. The move is bound to have some impact on ODI investments. But the contribution of p-notes to total derivatives is low,” said Bhavin Shah, financial services tax leader, PwC.

According to experts, the average ticket size of a p-note investor is around $20-25 million and there are about 1,500 ODI subscribers. The regulatory fee could make p-notes costly for this class of investors.

At the end of last month, outstanding p-note investments in derivatives stood at Rs 40,165 crore (notional value), which was nearly a fourth of the total outstanding p-note investments. According to industry estimates, 15 per cent of the total exposure of foreign investors in Indian derivatives is through p-notes. This is much higher than p-note share in overall FPI investment, which is around 6 percent.

If the proposed norms are implemented, Sebi said p-note holders would be given time till December 31, 2020, to wind up existing positions. Sebi said the onus for ensuring that note-holders’ use of derivatives only for hedging would be with the FPI issuers. Experts said monitoring this could be a difficult.

Fears of routing of black money and round-tripping prompted Sebi to tighten p-note rules in the last couple of years. In 2016, Sebi increased the know-your-customer requirements, issued curbs on transferability and prescribed stringent reporting for p-note issuers and holders. It also mandated issuers to follow Indian anti-money laundering laws.

The tightening of rules has dulled the appeal of p-notes, with the share of the instrument declining from a peak of 50 per cent in 2007 to 6 per cent at present. The regulator has invited comments on the new proposals till June 12.



Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

Get more details here:-



* 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

Gap down opening likely, Bulls in no mood to start the Day : 30 May 2017

Equity Market Outlook

Indian Indices:

Indian shares are likely to witness a weak opening as the global markets are seen trading lower with SGX Nifty trading 26.50 points lower @9590.Indian equities are likely to open lower on Tuesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets as investors were spooked by reports of an early election in Italy.

Major markets around the world remained closed today for various holidays, with Hong Kong and China shut for a public holiday, while Wall Street remained closed on Monday for Memorial Day.

Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,589.00, down by 28.00 points or 0.29 per cent, at 10:50 AM Singapore time, also signaled a negative opening for local bourses.

The 30-share barometer SENSEX closed at a new high of 31109.28, up by 81.07 points or by 0.26 per cent, and the NSE Nifty ended at 9604.9, up by 9.8 points or by 0.1 per cent.

Global Market:

The European geopolitical fears sapped risk appetite, weighing on Asian stocks and lifting safe havens including the yen and gold, though trading was thin with several markets closed for holidays.

Concerns about a Greek bailout, early Italian elections and comments by the European Central Bank chief about the need for continued stimulus all kept the euro under pressure on Tuesday.

Euro zone growth may be improving but inflation remains subdued and still requires substantial stimulus, European Central Bank President Mario Draghi said on Monday, tempering expectations for the bank's June 8 policy meeting.

Major Headlines of the day:

• Aurobindo Pharma Q4 net dips 4% to Rs532 crore.
• BPCL's Q4 standalone net profit down 13%.
• BHEL Q4 net profit down 57% at Rs 215 crore.

Trend in FII flows: The FIIs were net buyers of Rs -709.97 the cash segment on Friday while the DIIs were net sellers of Rs -290.53 as per the provisional figures.

UPCOMING RESULTS: AEGIS, APOLLO HOSPITAL, ASHOKA BUILDCON, BERGER PAINT, GODREYPHILLIP, HINDALCO, IRB, JET AIRWAYS,  NATCOPHARMA,PVR,RAMCOCEM,REC,SAIL,THERMAX,UFLEX,MCDOWELL,M&M,ECLERX.

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

NIL  



 Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

Get more details here:-

Commodity Market Tips
Equity Tips

CS OPENING BELL : 30 May 2017

CS OPENING BELL

NIFTY SPOT UP 14@9618
SENSEX UP 60 @31167
BANK NIFTY FUTURES UP 40@23245

CS NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES2:9675
RES 1:9640
SUP1:9475
SUP2:9425

CS BANK NIFTY FUTURES (JUN) OVERVIEW

TREND BULLISH
RES 2: 23525
RES 1:23405
SUP1:23100
SUP2: 23025


 Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

Get more details here:-

Monday 29 May 2017

ITC hits new high; market-cap inches closer to Rs 4 lakh crore mark : 29 May 2017

ITC


ITC hit a new high of Rs 320, up 3.6% on BSE in intra-day trade, extending its Friday’s 3% gain, after reported January-March quarter (Q4FY17) earnings.

At 10:41 am; the stock was trading 3% higher at Rs 318 on BSE, as compared to a marginal 0.03% rise in the S&P BSE Sensex.

With the strong rally in stock, the market valuation of ITC also inched closer to the Rs 4 lakh crore mark. With the market capitalization (m-cap) of Rs 385,436 crore, the ITC is Rs 14,564 crore or 4% away in joining Rs 4 lakh crore m-cap club.

Currently there are only three companies, Tata Consultancy Services (Rs 508,153 crore); Reliance Industries (Rs 439,318 crore) and HDFC Bank (Rs 419,119 crore) to have m-cap of more than Rs 4 lakh crore, the BSE data shows.

ITC posted a 12.3% yea-on-year (YoY) rise in its net profit at Rs 2,669 crore in Q4FY17, while its income from operations grew 6.15% at Rs 15,009 crore. Cigarette EBIT (earnings before interest and tax) margin expanded 107bps YoY to 36.4% for the quarter led by price hikes.

“Going ahead, assuming that taxes will not increase post Goods & Services Tax (GST) implementation, ITC's cigarette volumes will witness healthy recovery in volumes. Further the price hikes done by ITC during December 2016 and March 2017, will aid cigarette margins during FY18,” analyst at Antique Stock Broking said in a result review.

Given the clarity in tax regime post GST and recovery in earnings during the next two years, we believe that ITC will witness a re-rating and trade in line with the consumer sector average valuations, added report.

“Fifth consecutive quarter of non?negative cigarette volume growth and no negative surprise in GST rate reaffirms our confidence of sustenance of cigarette volumes. Though FMCG sales grew 6.5% YoY, up from 3.4% YoY in Q3FY17, they were still lower than expected; we expect it to grow in double digit in FY18 helped by entry in new segments,” analysts at Edelweiss Securities said in result update.


Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

Get more details here:-

* 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

RBI, Sebi step up NSE algo probe, top officials under scanner : 29 May 2017



Regulators RBI and Sebi have stepped up the probe into alleged lapses in high-frequency trading offered through NSE's 'co-location' facility, while the role of some top officials including board member and ex-CEO Ravi Narain is also being looked into.

The finance ministry is also keeping a "close watch" on the entire case and wants capital markets watchdog Sebi to fast-track the investigations as it involves the country's largest stock exchange in terms of turnover and may have a bearing on the overall market sentiments, sources said.

"The show-cause notices have been issued by Sebi to the exchange and several top executives including Narain as also some former top management personnel and these would be soon followed by 'summons' for their personal hearings," a top official said.

Multiple sources including from the regulatory authorities, the government as well as from the exchange itself said that pressure is building from within the board of the exchange, from some of its shareholders and a few other stakeholders for the exit of some top as well as mid-level executives.

While sources close to the top management of the exchange vehemently denied any move regarding the exit of Narain or others, one of the senior-most board members described the situation as "a complete mess" and said stern remedial measures have become necessary to send across a strong message.

"It has become very important to tell the world that the exchange is serious about keeping its image clean and acting against any lapses, rather than sweeping things under the carpet," he said, pointing out that the delay in "closing the matter" has begun to result in several resignations at top-to -middle levels.

When contacted, an NSE spokesperson declined to give any official comment on specific queries and said: "As the matter is under discussion between NSE and the regulator, you will appreciate that we will not be able to comment on your queries.

"The Securities and Exchange Board of India (Sebi) has also received 'references' from agencies like CBI as well as from some MPs regarding the case, in which the regulator began a probe in early 2015, months after it was brought to light by 'whistle-blower' complaints but no conclusive action has been taken as yet, a top official said.

The case relates to some brokers allegedly getting preferential access through co-location facility at the National Stock Exchange (NSE), early login and 'dark fibre' -- which can allow a trader a split-second faster access to data feed of an exchange.

Even a split-second faster access is considered to result in huge gains for a trader.

Some staff members allegedly told the forensic auditors that they acted on "advice from seniors" regarding preferential access for some to the co-location facility and this allegation is being looked into specifically by Sebi, the official said.

Besides, "a missing trove of emails" may play a key role and the regulator feels it is possible to retrieve the same despite earlier assertions that it is not possible to access the same.

"While there is no concrete evidence so far to suggest any direct involvement of any top executive in the entire matter, the investigations would look into the role of each and every individual especially those in high positions and against whom complaints have been received.

Among other issues, Sebi is looking into complaints raising the issue of 'independence' of a forensic probe into the matter as Ravi Narain, who was NSE's MD and CEO during 2010-13, was part of the team of board members of the exchange that supervised the forensic investigation done by Deloitte.

Sebi had sought comments from NSE's board on this matter as the period of investigation assigned to the forensic auditor was 2010-15.

The regulator will take into account these comments, which have been since submitted to it.

"The probe (by Sebi) has gathered significant pace in the last couple of months and a conclusive action should be expected soon," the official added.

The regulatory official observed that any further delay in concluding the matter may raise questions about the regulatory process itself as it involves a major market infrastructure institution which also acts as a front-line regulator in Indian stock market.

The Reserve Bank is also looking into any possible impact on the exchange-traded currency and interest rate derivatives market.

Earlier, RBI had asked Sebi whether "the alleged short- comings in NSE's system architecture" pertained to operations of these market segments, which come under the dual regulatory oversight of the central bank and the markets regulator.

It was also alleged that some brokers colluded with NSE's employees and outsourced staff to obtain information regarding load and starting of servers, including backup servers.

This enabled 'first-to-connect' brokers to get data ahead of others for three years between 2011 and 2014.

Besides, differential access in the form of 'dark fibre' was allegedly given to one trading member at NSE in particular to connect across NSE and BSE co-location at least 4-5 months ahead of other members, as per the complaints.

While the probe is already said to be taking a toll on the exchange's proposed IPO, for which it is awaiting Sebi's clearance and was asked to provide clarifications, sources said that the NSE has submitted all the details sought by the regulator.

"Processes are being followed (regarding the co-location probe) and closure is expected soon," a source familiar with the top management's thinking said.

On complaints relating to Narain, these sources said there was no 'conflict of interest' and the entire process was supervised and monitored at multiple levels, including by the entire board and the market regulator Sebi itself.

The forensic auditor had also flagged non-cooperation of NSE employees during the course of investigation and similar issues were faced by the Sebi expert committee as well.


Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

Get more details here:-



* 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

Sensex recovers from opening low, Nifty above 9600; HDFC, Reliance lead : 29 May 2017

Equity Market Outlook


Indian Indices:

Equity benchmarks recouped opening losses, with the Sensex reclaiming 31,000 level and Nifty 9,600.Index heavyweights HDFC (up 2.3 percent), Reliance Industries (up 1.6 percent), HDFC Bank (up 1.06 percent) and ITC (up 0.3 percent) were top contributors to index gains.

Equity benchmarks have seen correction in early trade Monday due to profit booking after hitting record highs in previous week. Weak earnings from Sun Pharma and Tech Mahindra also hit market sentiment. Sun Pharma and Tech Mahindra crashed around 8 percent post disappointing earnings. ITC, ONGC, M&M, ICICI Bank and Infosys were other early losers while BHEL, Cipla, Tata Motors, Wipro, Lupin, Vedanta, Dr Reddy's Labs, BPCL and Aurobindo Pharma were gainers.

The 30-share BSE Sensex was up 80.70 points at 31,108.91 and the 50-share NSE Nifty rose 22.55 points to 9,617.65. About two shares advanced for every share falling on the BSE.

Global Market:

Asia opens mostly flat after latest North Korea missile test; China, US, UK markets shut for holidays

The U.S. markets will also be shut today, and that is curbing incentive and restricting overall movements as well. U.S. markets will be closed on Monday for Memorial Day.

The U.S. economy grew faster than initially reported during the first three months of 2017, easing concerns about a potential slowdown in the U.S. economy.

Major Headlines of the day:

• Strides Shasun-US FDA issues form 483 with 3 observations for Bengaluru unit, None of the 3 observations are related to data integrity & quality control
• Bank of Baroda to raise additional Rs 9,000 crore (Rs 6,000 crore through equity capital and Rs 3,000 crore through tier 1 bonds)
• Reliance Communications trips on loan servicing with over 10 domestic lenders: ET

Trend in FII flows: The FIIs were net buyers of Rs -274.14 the cash segment on Friday while the DIIs were net sellers of Rs -1008.56 as per the provisional figures.

UPCOMING RESULTS: CADILAHC, CANBK, IGL, INDIACEM, PTC, RCOM, ZYDUSWELL, ADANIPOWER, ADANITRANS, IPCA, AUROPHARMA, BHEL, BPCL, COALINDIA, DREDGIND CORP,GNFC,LT,OIL,NTPC,POWERGRID.

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

NIL  


Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

Get more details here:-



* 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

Saturday 27 May 2017

Indian ADRs – Tata Motors closed higher by 1.39% - 27 May 2017

Indian ADRs

Indian ADRs closed with missed sentiments in the trading session of May 26.

In the IT sector, Infosys closed higher by 0.13% at USD 15.53; and Wipro closed marginally lower by 0.09% at USD 10.86.

In the Banking sector, ICICI Bank closed higher by 0.41% at USD 9.72; and HDFC Bank closed lower by 0.17% at USD 86.54.

In the other sectors, Tata Motors closed higher by 1.39% at USD 37.07; and Dr Reddy’s Laboratories closed lower by 0.69% at USD 37.28.

The S&P 500 index rose marginally by 0.75 points to finish at 2415.82. The Nasdaq Composite index advanced 4.94 points to end at 6,210.19. The Dow 

Jones Industrial Average declined by 2.67 points to close at 21,080.

On Friday, Nifty closed higher by 85.35 points at 9595 levels and Sensex closed higher by 278.18 points at 31028 level.

Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

Get more details here:-



* 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

Sensex breaches 31,000-mark for the first time, Nifty touches 9,600 - 27 May 2017

BSE


The stock market continued to charge ahead on Friday with the BSE’s benchmark Sensex scaling the 31,000-mark for the first time and the National Stock Exchange’s Nifty testing 9,600. Both rallied close to a per cent each, led by strong gains in heavyweights such as ITC and Reliance Industries, which rose three per cent and 2.5 per cent, respectively.

The Sensex closed at 31,028.21, the latest 1,000-point rally coming in only 21 trading sessions. The 31,000-mark was breached the day the Narendra Modi government completed three years in office. 

Experts said investors were betting on a sustained pick-up in the economy and corporate earnings, led by reforms such as the goods and services tax and tackling of bad loans. According to Nirmal Jain, chairman, IIFL, this push, coupled with a positive earnings visibility and strong institutional flows, were key factors behind the rally. 

Although global cues were mixed on Friday, sentiment was spurred by the US Federal Reserve’s minutes, which suggested optimism over the world’s largest economy and signalled a gradual hike in rates.

The BSE mid-cap and small-cap indices, under pressure in the past few sessions, rebounded two per cent and 1.6 per cent, respectively. The broader market breadth was positive, about two stocks advancing for each declining one. The Sensex and Nifty posted their third straight weekly gains.

Domestic institutional investors (DIIs) were strong buyers on Friday, pumping in over Rs 1,000 crore, showed the data. Foreign investors, on the other hand, were seen taking money off the table, following the sharp gains in recent weeks.

“In the first two years of office, there was scepticism in the markets about the government. However, people are now confident about the leadership and the economy’s direction. Domestic institutions, led by mutual funds, have emerged as a strong counterweight to foreign flows,” Jain added. 

Market participants said the rally was sustainable, as there were no near-term risks visible. However, they didn’t rule out a correction in certain pockets, particularly in companies with weak fundamentals.

The earnings for the quarter ending June would play a key role in deciding the market direction. Many stocks have ballooned in the last two months on expectation of strong earnings recovery. Although the March quarter results beat analyst expectations, the performance was largely on account of a lower base.

“Since the beginning of 2017, Indian markets have gone up significantly. However, this rally has not been amply supported by earnings recovery. 

While blue-chip companies will continue to be in demand, due to strong institutional buying, we might see some corrections in smaller companies where the valuations have skyrocketed,” said  G Chokkalingam of Equinomics Research & Advisory. Since the demonetisation lows, the benchmark indices 

have risen over 20 per cent. Shares of seven Sensex companies — HDFC Bank, ITC,Maruti Suzuki India, Tata Steel, Adani Ports, Larsen & Toubro and Asian Paints — saw their shares rally over 30 per cent since the December 26 bottom.

Pharmaceutical and infromation technology (IT) stocks have been laggards in this year’s rally. Introduction of any new protectionist policies by the US government could be a major threat for Indian markets, especially on such stocks. 

A top foreign broker said although India had been an outperformer in the emerging markets space in the past three years, the trend was not expected to continue in the near-to-medium term, as the IT and pharma stocks could be an overhang.


Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

Get more details here:-

* 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


GIFT IFSC business grows by 400% in 6 months: MoS Finance Meghwal - 27 May 2017

gift ifsc

Visiting the Gujarat International Finance Tec-City (GIFT City), Union Minister of State in Finance and Corporate Affairs and Chairman of the International Financial Services Centre (IFSC) Task Force, Arjun Ram Meghwal said that the project had seen business transactions rise by 400 per cent in six months.

Meghwal had visited GIFT City to interact with the IFSC units and to understand the regulatory and business progress from the entities operating at GIFT IFSC.

The IFSC transactions at GIFT City covering banking, insurance, and capital market services have increased 400 per cent from $1 billion to $4 billion in the past six months. While IFSC units (IBUs) of banks have done business worth $3 billion, insurance companies clocked in $1 billion worth transactions. BSE's international stock exchange within GIFT IFSC has seen single day trading of around $100 million. In addition, 13 new units have recently received approval to set up their base within GIFT IFSC. With this, a total of 100 units now have a presence in GIFT IFSC.

"It is heartening to see that within a short span of time, GIFT IFSC has shown a remarkable growth trajectory and is starting to attract cross-border transactions, which are currently happening from other offshore financial centres. As the Chairman of IFSC Task Force, my endeavour has been to oversee the operationalisation of regulations & policies in order to facilitate the further growth of IFSCs in the country particularly IFSC GIFT, Gandhinagar. In the coming days, we want GIFT IFSC to emerge as a 'price setter' for various global financial products," Meghwal said.

Accompanied by Chairman of GIFT SEZ, Meghwal interacted with 14 IFSC Banking & Insurance Units and 15 Capital Market entities operating at GIFT IFSC. Meghwal also discussed the regulatory clarifications required from the Reserve Bank of India (RBI), Securities and Exchange Board of India (Sebi) and Insurance Regulatory and Development Authority of India (IRDAI) with all the units and provided assurance to take up all the issues in the next IFSC Task Force meeting. India International Exchange along with its members attended the meeting and shared their experience at GIFT IFSC.

Meanwhile, Meghwal assured the IFSC entities to provide all required support for the growth of GIFT City as an International Financial Services Centre.


Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

Get more details here:-

* 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

Pharma shares lose nearly Rs 60,000 crore in one week - 27 May 2017


Sun Pharmaceutical

Investors in pharmaceutical companies have seen wealth erosion of nearly Rs 60,000 crore during the week after a sharp decline in market values of these stocks.

The combined market capitalisation (m-cap) of pharmaceutical companies, which featuring in Nifty Pharma and S&P BSE Healthcare index, has declined by Rs 59,411 crore to Rs 725,697 crore today at 02:45 pm. These companies had total m-cap of Rs 785,108 crore on Friday, May 19, 2017.

Nifty Pharma index trading at three-year low is set to report its biggest fall on weekly basis. The index decline 10.6% thus far in current week, its sharpest decline since October 2008.

Sun Pharmaceutical Industries, Lupin, Dr Reddy’s Laboratories, Aurobindo Pharma, Glenmark Pharmaceuticals and Novartis are notable stocks from 12 companies that hit 52-week lows during the week.

Sun Pharma, the largest loser among pharma stocks in term of m-cap erosion, lost Rs 19,722 crore m-cap in single week. The stock hit a 52-week low of Rs 568 on BSE in intra-day trade today. It tanked 13% after Sun Pharma’s US subsidiary Taro Pharma reported 26% dip in March 2017 quarter (Q4FY17) net sales due to the intense pricing pressure in the US market. Sun Pharma is scheduled to announce its March quarter earnings today.

Lupin, the largest loser in percentage terms, lost m-cap of Rs 9,101 crore. The stock dipped 15% from Rs 1,315 to Rs 1,113, its lowest level since August 2004. The company’s quarterly net profit nearly halved to Rs 380 crore in Q4FY17 from Rs 748 crore in a year ago quarter.

Cipla slipped 13%, lost m-cap of Rs 6,014 crore during the week. Cipla’s performance in 4QFY17 was disappointing, with revenues growing 8% YoY to Rs 360 crore, lower EBITDA margin of 14.1% (sequential decline of around 450bps) and net loss of Rs 60 crore.

Cpla’s India business performance was disappointing, declining 4% YoY. This was driven by de-stocking at the channel level. We believe that CIPLA’s low presence in fast-growing therapies like derma, CNS and anti-diabetics and high vulnerability to price cuts will restrict growth, analysts at HDFC Securities said in result review.


Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

Get more details here:-

* 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


Friday 26 May 2017

Videocon Industries tanks 53% in one week : 26 May 2017


Videocon Industries is locked in lower circuit for the fifth straight trading day, down 10% at Rs 47.30 on BSE. Thus far in the current week, (in the past five trading sessions), the stock has tanked 53% from Rs 100.45 on Friday, May 19, 2017, on the back of heavy volumes. The stock of consumer durables is trading at its lowest level since August 2004 on BSE.

Till 09:23 am; a combined 38,247 shares changed hands and there were pending sell orders for 12.19 million shares on the BSE and NSE.

Dena Bank has recently announced that it had classified Videocon’s loan amounting of Rs 520 crore as non-performing assets (NPA).

Videocon Industries on Tuesday, May 23, said this has resulted into some negative publicity of the company and, accordingly, impacted the stock price.

We believe that the recent crash on the stock price of the company would be due to the said classification of Videocon’s loan as NPA by Dena Bank, it added.

The sharp fall in market price of the stock have seen investors wealth in Videocon Industries declined by Rs 1,777 crore during the week. At the current market price, Videocon’s market capitalisation stands at Rs 1,582 crore against Rs 3,360 crore, one week before.

According to statistics collated from the BSE, the promoters own 66% in the company and almost the entire promoters’ holding (99.26%) was pledged.

“Market experts say the stock will continue to remain under pressure as the steep correction would trigger liquidation of pledged shares if the promoters fail to cough up margin money,” the Business Standard report suggests. 

Meanwhile, the board of directors of the company is scheduled to meet today (Friday), 26th May, 2017, to consider and take on record the audited financial results for the financial period and quarter ended on 31st March, 2017.


Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

Get more details here:-



* 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