Indian equities to open higher amidst strong global cues

Indian Indices:                             SGX Nifty is currently trading in the green up 32 points at 10,762. Indian equities could continue to gain traction as global indices trade with a positive bias. All eyes will be on HDFC Ltd and Kotak Bank as traders await the quarterly earnings. Markets could trade with a positive bias as oil weakens. SGX Nifty is indicating a gap-up opening.

Global Market:

·       Major Asian markets like Nikkei and Shanghai Composite are closed today, while Hang Seng is up 1.5%.

·       US Markets: Markets ended on a flat note as inflation worries weighed in. The Dow Jones was down 0.05% to 24,312 while the Nasdaq ended marginally higher, gaining 0.02% to close at 7,120.

·       European markets ended higher with FTSE closing 1% higher, CAC was up 0.54% while the DAX ended 0.6% higher.

Major Headlines of the day:

·        Dilip Buildcon executed concession agreement with NHAI

·        Idea Cellular Q2 net loss at Rs 962.2 crore and revenue at Rs 6,137.3 crore

·        RBL Bank Q4 net Profit at Rs 178.12 crore against Rs 130.13 crore, YoY

·        Equitas Holdings Q4 net profit at Rs 34.88 crore versus Rs 6.9 cr, YoY

·        IDFC Q4 net profit at Rs 1.56 crore versus Rs 134.8 crore, YoY

·        Shoppers Stop Q4 net profit at Rs 20.78 crore against loss of Rs 36 crore, YoY

·        Interglobe Aviation accepted resignation of Aditya Ghosh as the President and Whole Time Director of the company

·        Jagran Prakashan approves buyback of upto Rs 292.5 crore at Rs 195 per share

·        Greenply Industries commenced commercial production of Decorative Plywood / Decorative Veneers at Gujarat unit

Trend in FII flows: The FIIs were Net Value of Rs  759.21 the cash segment FRIDAY while the DIIs were Net Value of Rs 633.71 as per the provisional figures.

TODAY ON EARNING FRONT:- CANFINHOME, IDEA CELLULAR, SHRRECEM, SREIINFRA, CEAT, DHFL, HDFC, HINDZINC, KOTAKBANK, KPR  

                                                                  MILL,OPTO CIRCUIT.

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RIL is now logging Rs 100 crore profit a day on petchem, retail

Reliance Industries clocked record profits of Rs 9,435 crore in the fourth quarter of fiscal 2018, up 17 per cent, on higher margins from its petrochemicals, retail and digital services businesses. This indicates that RILNSE 2.15 % makes around Rs 105 crore a day. Higher earnings from petrochemicals, retail and digital services businesses helped the company offset the lower contribution from the refining and oil & gas ventures. RIL’s consolidated profit was Rs 8,046 crore a year earlier. 

The digital services business, run under the Jio brand, posted a net profit of Rs 510 crore in Q4FY18. This is the second time in a row the telecom unit has declared a profit. RIL had launched the telecom services in September 2016. Jio is six times more profitable than Bharti AirtelNSE -0.11 %, whose consolidated profit in Q4FY18 was Rs 83 crore. The digital services business posted an operating profit of Rs 1,495 crore compared to an operational loss of Rs 32 crore. Revenues of the business st .. 

RIL’s consolidated revenues climbed 39 per cent to Rs 1.29 lakh crore on strong volumes from its petrochemicals business due to newly commissioned projects and higher product prices, and a 

134 per cent surge in its retail business. For the full financial year 2017-18, RIL, controlled by billionaire Mukesh Ambani, recorded a profit of Rs 36,075 crore, an increase of 21 per cent while revenues were up by 31 per cent to Rs 4.3 lakh crore. Operating profit expanded nearly 34 per cent to Rs 74,184 crore ($11.4 billion). 

“FY 2017-18 was a landmark year for Reliance where we established several records on both operating and financial parameters. Reliance has become the first Indian company to record operating profit of over $10 billion with each of our key businesses — refining, petrochemicals, retail and digital services achieving recording earnings performance,” Ambani said in a statement. 

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Strong rally in global equities can fuel up move for the Indian equities;

Indian Indices:                               

SGX Nifty is indicating a positive start, up 48 points at 10,664. Indian equities could trade with a positive bias in line with the global cues as both North Korean and South Korean leaders conduct peace talks, boosting the sentiments of the bulls. Indian equities could trade with a positive bias in line with the global cues as both North Korean and South Korean leaders conduct peace talks, boosting the sentiments of the bulls.

Global Market:

·       Asia markets open higher on Friday, after strong quarterly results from some of the biggest US companies helped gains on Wall Street.

·       US Markets: stocks rose sharply on Thursday, helped by strong quarterly results from some of the biggest US companies.

·       European markets ended higher with FTSE closing 0.41% higher, CAC was up 0.63% while the DAX surged 0.74%.. 

Major Headlines of the day:

·        L&T Finance: Company hikes prime lending rate by 15 bps

·        Axis Bank: Q4 loss at Rs 2,189 crore on three-fold jump in provisions; asset quality worsens

·        SBI Life: Q4 net profit up 13 percent to Rs 381.2 crore

·        Biocon: Company has proposed a final dividend of Re 1 per equity share.

·        Reliance Capital: Company's Q4 net profit up 36 percent at Rs 428 crore

·        Cyient: Acquires Belgium-based AnSem N V for USD 17 million

·        Reliance Industries: Net profit likely to grow by 18 percent on YoY basis; could remain flat QoQ

·        Maruti Suzuki: Net profit could rise by 28 percent YoY; up 27 percent on QoQ basis

Trend in FII flows: The FIIs were Net Value of Rs -1056.34 the cash segment Thursday while the DIIs were Net Value of Rs 684.11 as per the provisional figures.

TODAY ON EARNING FRONT:- EQUITAS, IDFC, MARUTI, NELCO, RBLBANK, RELIANCE, SRTRANSFIN, UPL, SHOPPERSTOP.

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

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Indian equities to open on a flat note ahead of April F&O expiry

Indian Indices:                               

Indian equities could witness a volatile trading session as expiry day settlement’s could weigh in. SGX Nifty is currently trading in the red down 15 points at 10,552. Indian equities could witness a volatile trading session as expiry day settlements could weigh in. Wipro to remain under selling pressure on account of lower than expected quarterly earnings.

Benchmark indices were flat in pre-opening trade, following mixed trend Asian stocks. The 30-share BSE Sensex was up 74.55 points at 34,575.82 and the 50-share NSE Nifty rose 8.30 points to 10,578.80. Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising US bond yields and corporate costs, said a Reuters report.

Global Market:

·       Major Asian markets are trading mixed, Nikkei is up 0.6%, Hang Seng is down 0.4% while the Shanghai Composite is trading 0.49% lower.

·       US Markets: Markets erased opening loses as an expectation of optimistic earning season offset rising bond-yield fears. The Dow Jones rose 0.25% to 24,084 while the Nasdaq continued to end in the red for the fifth day in a row, shedding 0.05% to close at 7,004.

·       European markets ended lower with FTSE closing 0.62% lower, CAC was down 0.57% while the DAX ended 1.03% lower. 

Major Headlines of the day:

·        Wipro: The Board has approved amalgamation of its two subsidiaries with the company. The company's Q4 profit was down 7 percent QoQ; sees Q1 IT services revenue at USD 2,015-2,065 million

·        Emami: The Board will meet on May 3 to consider results and approve dividend as well

·        Uniply Industries approved issue of 45.14 lakh equity shares at Rs 400.85 per shares on preferential basis to non-promoter and allotment of 96.28 lakh convertible share warrants at Rs 400.85 per warrant on preferential basis to promoter and non-promoters

·        Bharti Airtel: The firm has approved sale/transfer of submarine cables to unit Network I2I

·        Shah Alloys entered into settlement agreement with ARCIL

·        UltraTech Cement: Company's Q4 profit sheds 29%; sales volume grows 31

Trend in FII flows: The FIIs were Net Value of Rs -304.79 the cash segment Wednesday while the DIIs were Net Value of Rs 435.98 as per the provisional figures.

TODAY ON EARNING FRONT:- AXIS BANK, BIOCON, RALLIS, RELCAP, SBI LIFE, TATAELXSI, TATAMTALIKS, YESBANK, SUPREMEIND.

Securities in Ban For Trade Date 26-APR-2018:

1.BALRAMCHIN

2.DHFL

3.GMRINFRA

4.RAYMOND

5.WOCKPHARMA

Indian equities to open on a flat note ahead of April F&O expiry

Indian Indices:                               

Indian equities could witness a volatile trading session as expiry day settlement’s could weigh in. SGX Nifty is currently trading in the red down 15 points at 10,552. Indian equities could witness a volatile trading session as expiry day settlements could weigh in. Wipro to remain under selling pressure on account of lower than expected quarterly earnings.

Benchmark indices were flat in pre-opening trade, following mixed trend Asian stocks. The 30-share BSE Sensex was up 74.55 points at 34,575.82 and the 50-share NSE Nifty rose 8.30 points to 10,578.80. Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising US bond yields and corporate costs, said a Reuters report.

Global Market:

·       Major Asian markets are trading mixed, Nikkei is up 0.6%, Hang Seng is down 0.4% while the Shanghai Composite is trading 0.49% lower.

·       US Markets: Markets erased opening loses as an expectation of optimistic earning season offset rising bond-yield fears. The Dow Jones rose 0.25% to 24,084 while the Nasdaq continued to end in the red for the fifth day in a row, shedding 0.05% to close at 7,004.

·       European markets ended lower with FTSE closing 0.62% lower, CAC was down 0.57% while the DAX ended 1.03% lower. 

Major Headlines of the day:

·        Wipro: The Board has approved amalgamation of its two subsidiaries with the company. The company's Q4 profit was down 7 percent QoQ; sees Q1 IT services revenue at USD 2,015-2,065 million

·        Emami: The Board will meet on May 3 to consider results and approve dividend as well

·        Uniply Industries approved issue of 45.14 lakh equity shares at Rs 400.85 per shares on preferential basis to non-promoter and allotment of 96.28 lakh convertible share warrants at Rs 400.85 per warrant on preferential basis to promoter and non-promoters

·        Bharti Airtel: The firm has approved sale/transfer of submarine cables to unit Network I2I

·        Shah Alloys entered into settlement agreement with ARCIL

·        UltraTech Cement: Company's Q4 profit sheds 29%; sales volume grows 31

Trend in FII flows: The FIIs were Net Value of Rs -304.79 the cash segment Wednesday while the DIIs were Net Value of Rs 435.98 as per the provisional figures.

TODAY ON EARNING FRONT:- AXIS BANK, BIOCON, RALLIS, RELCAP, SBI LIFE, TATAELXSI, TATAMTALIKS, YESBANK, SUPREMEIND.

Securities in Ban For Trade Date 26-APR-2018:

1.BALRAMCHIN

2.DHFL

3.GMRINFRA

4.RAYMOND

5.WOCKPHARMA

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* 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 set to open lower as US bond yields soar higher;

Indian Indices:                               

SGX Nifty is currently trading in the red down 64 points at 10,555. Indian equities could trade with a negative bias as profit booking on account of April F&O expiry settlements along with plunging global markets could weigh in.

Benchmark indices were higher in pre-opening trade despite global weakness, with the Sensex rising 112.63 points to 34,729.27 and the Nifty climbing 1.90 points to 10,616.30. A gauge of world stocks tumbled on Tuesday, erasing early gains as US bond yields scaled the 3 percent threshold for the first time in four years, while oil prices reversed course after climbing above the USD 75 per barrel mark, said a Reuters report.

Global Market:

·       Major Asian markets are trading mixed, Nikkei is down 0.85%, Hang Seng is down 1.2% while Shanghai Composite is trading 0.43% lower.

·       US Markets: Stocks witnessed a big correction is yesterday’s session. The Dow Jones fell 1.74% to 24,024, while the Nasdaq slipped 1.75% to 7,007 as 10-year US Treasury yield continued to surge higher, breaching its important psychological level of 3% during the trade.

·       European markets ended higher with FTSE closing 0.36% higher, CAC ended up 0.1% while the DAX ended 0.17% lower.

Major Headlines of the day:

·        State Bank of India: The bank will issue & encash electoral bonds through its 11 authorised branches from May 1-10.

·        REI Agro, SBI, UCO Bank, Bank of Baroda - REI Agro to give Rs 10,800 crore jolt to bankers: DNA

·        Burmans of Dabur increase stake in Religare Enterprises to 9.9 percent: ET

·        ICICI Bank drops plan to sell housing finance Unit: BS

·        Tata Steel may dispute Liberty’s Bhushan bid: ET

·        Fortis Healthcare: IHH has submitted binding bids for Fortis and has proposed to inject Rs 650 crore at Rs 160 per share.

Trend in FII flows: The FIIs were Net Value of Rs 681 the cash segment Tuesday while the DIIs were Net Value of Rs 509 as per the provisional figures.

TODAY ON EARNING FRONT:- GHCL, IBREALEST, M&MFIN, ULTRACEMCO, WIPRO, STERTECH, ICICI LOMBARD, BAJAJ CORP, KSB PUMP.

Securities in Ban For Trade Date 25-APR-2018:

1.BALRAMCHIN

2.DHFL

3.GMRINFRA

4.WOCKPHARMA

Markets set to open lower as US bond yields soar higher;

Indian Indices:                               

SGX Nifty is currently trading in the red down 64 points at 10,555. Indian equities could trade with a negative bias as profit booking on account of April F&O expiry settlements along with plunging global markets could weigh in.

Benchmark indices were higher in pre-opening trade despite global weakness, with the Sensex rising 112.63 points to 34,729.27 and the Nifty climbing 1.90 points to 10,616.30. A gauge of world stocks tumbled on Tuesday, erasing early gains as US bond yields scaled the 3 percent threshold for the first time in four years, while oil prices reversed course after climbing above the USD 75 per barrel mark, said a Reuters report.

Global Market:

·       Major Asian markets are trading mixed, Nikkei is down 0.85%, Hang Seng is down 1.2% while Shanghai Composite is trading 0.43% lower.

·       US Markets: Stocks witnessed a big correction is yesterday’s session. The Dow Jones fell 1.74% to 24,024, while the Nasdaq slipped 1.75% to 7,007 as 10-year US Treasury yield continued to surge higher, breaching its important psychological level of 3% during the trade.

·       European markets ended higher with FTSE closing 0.36% higher, CAC ended up 0.1% while the DAX ended 0.17% lower.

Major Headlines of the day:

·        State Bank of India: The bank will issue & encash electoral bonds through its 11 authorised branches from May 1-10.

·        REI Agro, SBI, UCO Bank, Bank of Baroda - REI Agro to give Rs 10,800 crore jolt to bankers: DNA

·        Burmans of Dabur increase stake in Religare Enterprises to 9.9 percent: ET

·        ICICI Bank drops plan to sell housing finance Unit: BS

·        Tata Steel may dispute Liberty’s Bhushan bid: ET

·        Fortis Healthcare: IHH has submitted binding bids for Fortis and has proposed to inject Rs 650 crore at Rs 160 per share.

Trend in FII flows: The FIIs were Net Value of Rs 681 the cash segment Tuesday while the DIIs were Net Value of Rs 509 as per the provisional figures.

TODAY ON EARNING FRONT:- GHCL, IBREALEST, M&MFIN, ULTRACEMCO, WIPRO, STERTECH, ICICI LOMBARD, BAJAJ CORP, KSB PUMP.

Securities in Ban For Trade Date 25-APR-2018:

1.BALRAMCHIN

2.DHFL

3.GMRINFRA

4.WOCKPHARMA

Get more details here:-

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

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CAPITALSTARS CALL :24APR

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Sensex opens up 100 pts, Nifty nears 10,600 on Asian cues; metals melt

Indian Indices:                               

Indian equity market is set to open today’s session on a negative note tracking weak Nifty futures on the 

Singapore Stock Exchange and mixed cues from other Asian peers. Bearish trend in the SGX Nifty Index 

Futures for April delivery, which was trading at 10,595, down 27 points, or 0.25%, at 11:28 AM 

Singapore time, also signaled a negative opening for the domestic equity bourses. Volatility is likely to 

remain in today’s session ahead of April Future & Option contract expiry due on Thursday this week. 

Benchmark indices opened higher, following positive lead from Asian stocks. The 30-share BSE Sensex was up 101.63 points at 34,552.40 and the 50-share NSE Nifty rose 14.20 points to 10,598.90.

Global Market:

·       US stocks fell on Monday as tech shares declined, while investors fretted over higher interest rates. Wall Street also zeroed in on the busiest week of the earnings season.

·       Asia markets mostly rose in early trade on Tuesday despite the Dow and the Nasdaq stumbling amid a decline in tech shares.

Major Headlines of the day:

·        TCS official Race App developed by TCS was downloaded by over 360,000 users and no of downlaods breaks world record

·        EID-Parry submitted to monthly operation data to South Indian Sugar Mills Association (SISMA)

·        GVK wants to run Jaipur, Ahmedabad airport: FE

·        Thailand eyes Indian Infra projects for investing around USD 3 billion in next three year

·        Apex Court denies relief to Binani Cement operational creditors: BS

Trend in FII flows: The FIIs were Net Value of Rs -259.08 the cash segment Monday while the DIIs were Net Value of Rs 387.26 as per the provisional figures.

TODAY ON EARNING FRONT:- BHARTI, DCMSRIRAM, GICHSGFIN, ICICIPRULI, PERSISTENT, OBEROIRLTY, RAYMOND, TV18, TINPLATE, IDFCBANK, NETWORK18, ZENSARTECH

Securities in Ban For Trade Date 24-APR-2018:

1.BALRAMCHIN

2.DHFL

3.JETAIRWAYS

4.JPASSOCIAT

5.TV18BRDCST

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* 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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