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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

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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

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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

Tuesday 28 February 2017

Commodity Updated Tips : 28 Feb 2017

Commodity Updated Tips : 28 Feb 2017


BULLION

Silver May and Gold April futures have declined 0.3-0.4 percent each at $ 18.358 and $ 1,254 per ounce, respectively.
Platinum April contract is up 0.2 percent at $ 1.034.

ENERGY

Crude Oil April and Brent Oil May series have gained over 0.3 percent each at $ 54 and $ 56.61 a barrel, respectively.
Natural Gas April expiry is marginally up at $ 2.695.

BASE METAL

Copper May delivery is almost unchanged at $ 2.697.

FOOD & EDIBLES

US Soybeans and US Corn May contracts have added 0.4 percent each at $ 1,026 and $ 370, respectively.


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. 
* 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

Markets start marching towards North on global bias : 28 Feb 2017


Share Market News

Indian Indices:

Indian shares are likely to witness a flat to positive opening as the global markets look slightly supportive with SGX Nifty trading 8.50 points higher. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 5.50 points at the opening bell.

On the macro front, the Central Statistics Office (CSO) will today, 28 February 2017, unveil the revised advance estimate for GDP growth in 2016-2017 after factoring in the note ban impact in the Q3 December 2016 quarter. The government scrapped high value notes on 8 November 2016.Key benchmark indices dropped yesterday, 27 February 2017, weighed by bank stocks. The barometer index, the S&P BSE Sensex, fell 80.09 points or 0.28% 
to settle 28,812.88.

The Nifty 50 index fell 42.80 points or 0.48% to settle at 8,896.70. Intraday volatility was high. Nifty settled at one-week low.

Global Market:

Most Asian shares rose today, 28 February 2017, bolstered by gains on Wall Street as investors awaited a speech by US President Donald Trump for signals on tax reform and infrastructure spending.

US stocks pushed further into record territory on Monday, 27 February 2017, as the Dow Jones industrial average closed at a record high. The Standard & Poor's 500 Index also closed at a record high.

Separately, Federal Reserve Chairwoman Janet Yellen and Fed Vice Chairman Stanley Fischer are slated to speak on Friday, 3 March 2017. Investors will scour the comments for any hints as to when the central bank will raise interest rates.

Major Headlines of the day:

• ONGC may acquire government’s 51.1% stake in HPCL
• Airtel scraps roaming charges on incoming calls, data
• ENIL buys 21 new frequencies in FM auctions

Trend in FII flows: The FIIs were net buyers of Rs  -145.55  the cash segment on Monday while the DIIs were net sellers of Rs 263.79  as per the provisional figures.

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

1  WOCKPHARMA


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.

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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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CS OPENING BELL : 28 Feb 2017


NIFTY SPOT UP 10@8902
SENSEX UP 32@28850
BANK NIFTY FUTURES DOWN 12@20670

CS NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH
RES2:9075
 RES 1:9025
SUP1:8905
SUP2:8875

CS BANK NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH
RES 2:21125
RES 1:21025
SUP1:20595
SUP2:20425

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. 
* 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

Monday 27 February 2017

Commodity Updated Tips : 27 Feb 2017


Commodity Updated Tips : 27 Feb 2017

BULLION

Gold and Platinum April futures are marginally down at $ 1,259 an ounce and $ 1,031, respectively.
Silver March contract is slightly up at $ 18.418.

ENERGY

Natural Gas April expiry has tumbled 3.3 percent to $ 2.705.
Crude Oil March and Brent Oil April series have advanced 0.4 percent each at $ 54 and $ 56.57 per barrel, respectively.

BASE METAL

Copper March delivery is quoted at $ 2.688 - down 0.3 percent.

FOOD & EDIBLES

US Corn March future has gained 0.5 percent at $ 372.
US Soybeans March contract has also added 0.4 percent at $ 1,028.

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. 
* 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

Weak start seen on subdued global markets : 27 Feb 2017


Indian Indices:

Indian shares are likely to witness a bearish opening as the global markets look subdued with SGX Nifty trading 24 points lower.The Indian benchmarks are poised to open lower on Monday, tracking weak cues from fellow Asian peers as investors remained wary ahead of the US President Donald Trump's first address to the US Congress on Tuesday.

Weak trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,942.50, up by 28.5 points or 0.32 per cent, at 10:54 AM Singapore time, also signaled a negative opening for Sensex. The market may see some stock specific movement as concerns related to corporate earnings and demonetization already left behind.

Traders will shift focus to the outcome of the state election results for more clarity on the government's capacity to revive stalled reforms, which will set future direction for markets. This week market directions will be set by macroeconomic data such as core sector data, Nikkei India Manufacturing PMI and Services PMI lined up.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28892.97, up by 28.26 points or by 0.1 per cent, and the NSE Nifty ended at 8939.5, up by 12.6 points or by 0.14 per cent.

Global Market:

Asian stocks erased early losses but stayed below 19-month highs on Monday as a renewed drop in sovereign bond yields on political concerns prompted some investors to move to the sidelines after a recent rally.

The White House on Monday will send federal departments a budget proposal containing the defense spending increase President Donald Trump promised, financed partly by cuts to the U.S. State Department, Environmental Protection Agency and other non-defense programs, two officials familiar with the proposal said.

Europe's stocks benchmark fell more than 1 percent on Friday while German and French indexes slid by their most in nearly 5 months as jitters in the bond markets over political risk looked to have spilled over into equities.

Major Headlines of the day:

• Cadila to launch first tetravalent inactivated influenza vaccine.
• Lead prices surge 15% in last five months
• L&T arm bags Rs1,100 crore contract from IOC to build an Indmax project in Assam

Trend in FII flows: The FIIs were net buyers of Rs  392.33  the cash segment on Monday while the DIIs were net sellers of Rs -445.04 as per the provisional figures.


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. 
* 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 : 27 Feb 2017

CS OPENING BELL : 27 Feb 2017

NIFTY SPOT DOWN  7@8932
SENSEX DOWN 10@28882
BANK NIFTY FUTURES DOWN 65@20812

CS NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH
RES2:9075
RES 1:9025
SUP1:8925
SUP2:8885

CS BANK NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH
RES 2:21125
RES 1:21025
SUP1:20755
SUP2:20425

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:-

Commodity Market Tips
Equity Tips
Share Market Tips


* 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

CORPORATE NEWS : 27 Feb 2017



Cadila receives USFDA approval for Linezolid Tablets
Cadila receives USFDA approval for Linezolid Tablets (an anti-bacterial agent used to treat certain serious bacterial infections).
The drug will be manufactured at the Pharma SEZ in Ahmedabad – Positive for Cadila.

Axis Bank drops on complaint filed by UIDAI
Shares of Axis Bank dropped on NSE in an otherwise positive market as the report suggests that complaint has been filed against the Bank by UIDAI.
The Unique Identification Authority of India (UIDAI) has filed a criminal complaint against Axis Bank, Suvidhaa Infoserve and eMudhra for allegedly storing biometrics and using them in an unauthorised manner, and all related transaction requests from these organisations have been put on hold.

Tata Motors JLR launches Jaguar XF sedan in India
Tata Motors (JLR) launches locally made Jaguar XF sedan in Indian market at Rs.47.50 lakh; positive read thru
Jaguar Land Rover launched its locally manufactured all-new Jaguar XF sedan at a starting price of Rs. 47.50 lakh (ex-showroom Delhi).The all-new Jaguar XF will be available in two options — a 2-litre Ingenium diesel engine with a power output of 132 kW and a 2-litre petrol engine with a power output of 177 kW.
The new sedan also comes with a slew of advanced technology features, including InControl Touch Pro with the all-new 25.9 cm (10.2) touchscreen infotainment system and a meridian sound system.

Coal India arm approves buy back worth Rs1244.12 cr
Coal India’s arm -Northern coalfields approved buy back worth Rs 1244.12 crore at Rs1.62 lakh per share; positive for Coal India

Lupin’s arm Kyowa enters into agreement with Astellas
Lupin announced that its Japanese subsidiary Kyowa Pharmaceutical Industry Co., Ltd. and Astellas Pharma Inc. have entered into an agreement providing Kyowa the exclusive right to distribute and promote extended-release tablets of quetiapine fumarate in Japan.
Astellas submitted a new drug application (NDA) withthe Ministry of Health, Labour and Welfare in Japan for extended-release tablets of quetiapine fumarate for theindication of improvement of depressive symptoms associated with bipolar disorder.
When Astellas obtains an approval for the new drug application of extended-release tablets of Quetiapine fumarate, based on the agreement, Kyowa will exclusively distribute and promote the products in Japan, Lupin said.


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. 
* 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 25 February 2017

Weekly roundup: Stock specific moves push Sensex up for 5th straight week - 25 Feb 2017

Share Market Updates

It was a week of stock specific moves. The market ended positive for the fifth consecutive week thanks to a smart rally in stocks like TCS, HDFC Bank, Axis Bank and Reliance Industries in an otherwise a holiday-truncated expiry week. Globally, low probability of US Federal Reserve hiking interest rates in US in its March policy meeting also contributed to the buoyant sentiment. 

During the week ended February 23, the S&P BSE Sensex added 1.5% or 424 points to settle at 28893, while Nifty50 gained 1.3% or 118 points to close at 8939. 

Midcap and Smallcap stocks also mirrored the gains in the frontline indices to rise nearly 1% each. 

“For the forthcoming week, we expect an immediate range of 8,982-8,826 for the Nifty. In case of a dip towards the lower end of the range, traders are advised to initiate long positions for the targets beyond the 9,000 mark. We would reiterate that the trend is strong and hence, look to ride the tide instead of wasting too much time on getting worried of an overbought condition of the market,” said brokerage Angel Broking in a technical note. 

Sectors and stocks

Sectorally, all but BSE Power index (down 0.6%) closed higher. 

BSE Oil & Gas index surged 3%, followed by the BSE Metal index (up 2.2%), and the BSE Consumer Durables index (up 2.1%). The BSE Bankex and Realty gained 1.6% each while, BSE IT rallied 1.4%.

BSE Telecom index (up 1.4%) hogged the limelight. With Reliance Jio unleashing a price war by announcing this week to end its free offers by March, the consolidation in the telecom sector gathered pace.  Country’s largest telecom operator Bharti Airtel on Friday announced to acquire Telenor India. The move comes ahead of the likely Vodafone- Idea merger. 

Among individual stocks, Reliance Industries, Axis Bank, HDFC Bank and Asian Paints advanced 11%, 7% and 5% and 4%, respectively. Sun Pharma also added 4%, while Tata Motors, Tata Steel and Coal India jumped 3% each.

Losers included NTPC (down 3%), Dr Reddy’s (down 1%) and Power Grid (down 0.8%) and M&M (down 0.6%).

Feb F&O expiry 

The February series of derivative contracts witnessed higher rollover of 71% as compared to three-month average of 65%, while market wide rollovers were slightly lower at 79% as compared to three-month average of 81%. Overall, derivative data indicated long rollovers.

BofA ML sees near-term time correction

The ongoing rally has once again sent Indian markets into expensive territory and there could be a near-term pullback or time correction, said the brokerage Bank of America-Merrill Lynch (BofA-ML). Market may have gained nearly 8% year-to-date, the headwinds on earnings front owing to residual overhang of demonetisation and deferral of GST implementation to July from April may keep the investors on edge, it added.

Minutes of US Fed meet

The minutes of the last Federal Open Market Committee meeting revealed that the Fed officials are divided with respect to interest rate increase. 

Some officials need some more clarity and have concerns about downside risks to growth while others are confident of the growth. 

“As of now probability of a hike in interest rate by Fed in the next meeting scheduled on 14th -15th March looks evenly balanced. Also another round of economic data pertaining to employment, inflation and spending which will be released before meeting may act as a catalyst in decision making,” said brokerage SMC Global.

MARKET NEXT WEEK: Global cues will direct the market next week with US president Donald Trump likely to be announcing his tax plans. 

“US market has been rallying well in expectation of cut in corporate tax from 35% presently. This is an unknown risk if the reform is below expectation,” said Vinod Nair, Head of Research, Geojit Financial Services.

Q4 GDP data of India, and US due on February 28 and Manufacturing PMI of China will also be eyed. 


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. 
* 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

Gold hits 14-week high as 'Trumpflation trade' fades - 25 Feb 2017

Commodity Updated Tips


Gold hit its highest in 3-1/2 months on Friday as the dollar hit a one week low after the new US finance chief poured cold water on the 
"Trumpflation trade" that had boosted the greenback this year.

Treasury Secretary Steven Mnuchin said on Thursday that any steps US President Donald Trump's administration takes on policy would probably have only limited impact this year, though he wants to see tax reform passed by August.

The comments suggested much work was still needed on the sweeping tax plan that Mnuchin called his main priority, and which investors had bet would stoke growth and inflation this year.

"We've got a vacuum of (US domestic) policy, real (interest) rates going down, the dollar going sideways and geopolitical (jitters) around the world ... all helping gold," ICBC Standard Bank analyst Tom Kendall said.

"There is apparently a move of institutional investor money into gold and there are usually very good reasons for that."

Spot gold had risen 0.29 per cent to $1,253.53 per ounce by 1445 GMT, having touched its highest since Nov. 11 at $1,260.10 earlier, zeroing in on the 200-day moving average.

US gold futures rose 0.24 per cent to $1,254.40.

Tempering gains in bullion, a poll on Friday suggested French presidential candidate Emmanuel Macron would beat far-right leader Marine Le Pen, who has promised a referendum on European Union membership.

Still, the precious metal was supported by tempered expectations of a US rate hike in March after minutes from the Federal Reserve's latest policy meeting struck a less hawkish note than expected.

Gold is highly sensitive to rising US interest rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.

"Even in the event of a rate increase, we doubt the precious metal will lose much ground ahead of the key presidential elections in France in April, coupled with the Washington gridlock that seems to be calcifying," INTL FCStone analyst Edward Meir said.

Holdings of the largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, have risen more than 5 per cent this month on geopolitical risk.

Silver rose 0.53 per cent to $18.26 per ounce, having touched its highest in 3-1/2-months at $18.40. Silver has gained about 1.5 percent this week in what could be its ninth straight weekly gain.

Platinum rose 1.24 per cent to $1,018.50 per ounce, having earlier hit its highest since early October at $1,028.60; while palladium gained 0.97 percent to $781.25.


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. 
* 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

Sebi to allow futures trading in degummed soya oil soon - 25 Feb 2017


Markets regulator the Securities and Exchange Board of India (Sebi) is all set to allow futures trading in degummed soya oil soon.

Commodity exchanges, primarily the National Commodity & Derivatives Exchange (NCDEX), had applied to Sebi seeking permission for launch of futures trading in degummed soya oil. According to exchange source, NCDEX has also applied to Sebi to allow futures in yellow peas, black pepper, RM seed cake or meal. The exchange is also planning for relaunch of chana futures, which were suspended last year on the wake of very high price rise, now 
that the prices have moderated. 

Of these, pepper and chana will be relaunched. Even the Multi Commodity Exchange (MCX) is also awaiting expansion of its agri commodity basket and it has proposed a few more agri commodities; it is awaiting Sebi approval.

Speaking to Business Standard, a Sebi source said, "We would soon allow futures trading in degummed soya oil to all commodity exchanges, including NCDEX and MCX.”

The source, however, did not specify any timeline for the permission but said that the permission was in the final stage.

"Now, it is up to an exchange to develop the contract and attract participants. We will allow futures trading for all exchanges," said the source.

Degummed soya oil is a crude oil imported into India largely from Argentina and Brazil to meet the growing deficit of edible oil. Data compiled by the apex industry body, the Solvent Extractors’ Association show India’s total import of degummed soya oil at 4.2 million tonnes for the period between November 2015 and October 2016.

The imported quantity of degummed soya oil is nearly 50 per cent higher than the total agri commodity managed by all warehouse service providers (WSPs) across all futures commodity exchanges. All WSPs cumulatively manage around 3 million tonnes of agri commodity volume across all futures exchanges in India.

A senior trade official said that Indian traders currently import degummed soya oil without hedging any price risk on futures exchanges. "Once this instrument becomes available, Indian traders will immensely benefit as they would be able to cut their losses by ensuring price risk on derivatives platforms," he added.

Currently, exchanges in India offer futures trading in soyabean, refined soya oil and oilmeal. After allowing futures trading in degummed soya oil, the soya complex would become complete in terms of hedging and price discovery in domestic exchanges.


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:-

Commodity Market Tips
Equity Tips
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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

Agri King Service

Friday 24 February 2017

Oil prices rise after report shows drop in US stocks - 24 Feb 2017

Commodity Market Updates


Oil prices rose on Thursday after US data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by Opec to cut production.

Benchmark Brent crude oil was up 70 cents a barrel at $56.54 by 1025 GMT, recovering from a drop of 82 cents on Wednesday. US light crude was 70 cents higher at $54.29 a barrel.

Both benchmarks are near the top of relatively narrow $4 ranges that have contained trade so far this year, reflecting a period of low volatility since the Organization of the Petroleum Exporting Countries (Oprc's) and other exporters agreed to cut output.

Opec and producers including Russia aim to reduce production by around 1.8 million barrels per day (bpd) in an attempt to drain an oversupply that has kept prices depressed for more than two years.

So far Opec appears to be sticking to its deal but other producers, notably US shale companies, have increased output, helping swell stocks in the United States, the world's biggest oil consumer.

Industry data on Wednesday showed US crude inventories fell by 884,000 barrels in the week to February 17 to 512.7 million, compared with analyst expectations for an increase of 3.5 million barrels.

US gasoline and distillate fuel stocks also fell, the American Petroleum Institute (API) said.

Tamas Varga, analyst at London brokerage PVM Oil Associates, said oil prices could rally further if the US government's Energy Information Administration (EIA) also reports a fall in inventories when its data is published at 11 a.m. EST (1600 GMT) on Thursday.

“Confirmation of the bullish set of inventory data from the EIA this afternoon will send prices to the upper end of the current trading range,” 

Varga said. “If, however, the figures disappoint those who have gone long overnight and this morning will likely run for the exit.”

Tony Nunan, risk manager at Mitsubishi Corp, said the market needed to see that stocks outside the United States were also falling for prices to break out of their trading ranges.


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. 
* 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

Markets closed on account of Mahashivratri - 24 Feb 2017



Indian equity, forex, money and commodity markets will remain closed today to observe Mahashivratri. 

The market on Thursday settled flat after a smart rally thanks to gains in IT and telecom stocks on the expiry of February derivative contracts.

The S&P BSE Sensex crossed its crucial psychological of 29,000 in intraday trade, while the Nifty50 also went above its 52-week high for the first time since September 2016. The 30-share Sensex ended 28 points higher at 28,893 and the 50-share Nifty closed 13 points higher at 8,940. 

WORLD MARKETS

Asian shares took a breather on Friday, hovering just below 1-1/2-year highs as investors braced for a potentially wobbly session after US President Donald Trump called China "grand champions" of currency manipulation.

Over the past month or so, financial markets have been buffeted by rising protectionism under the Trump administration, and the President's latest comments on China does little to raise confidence on trade relations between the world's two biggest economies.

His comments came just hours after his new Treasury secretary pledged a more methodical approach to analysing Beijing's foreign exchange practices.

The offshore yuan stood flat at 6.8476 per dollar. In onshore trade, the yuan fell 6.6% last year in its biggest drop in over 20 years. All eyes are on the Chinese markets which open shortly.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1% in early trade after four straight days of gains while Japan's yen-sensitive Nikkei was off 0.7%.

The MSCI world equity index, which tracks shares in 46 nations, rose 0.15% to 446.69 on Thursday, touching a record peak at 447.67 at one point and extending its gains so far this year to almost 6%.


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:-

Commodity Market Tips
Equity Tips
Share Market Tips


* 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

Reliance Jio effect: Bharti Airtel gets Telenor for free - 24 Feb 2017



In what will lead to yet another multinational exit in the telecom space, Bharti Airtel on Thursday announced the acquisition of Telenor India. It’s a no-cash deal, which will see Norway’s telco packing up and leaving the country, as business had become unsustainable. 

While the companies refused to speak on the size of the deal, sources in the know pegged Bharti’s cost of acquisition at Rs 1,600 crore. This money will be used for paying the outstanding amount for the spectrum that Telenor has acquired, it is learnt. Bharti Airtel will also take over Telenor’s contracts for tower lease and infrastructure.  

The spectrum payment will be made in phases for the next 10 years. Saying that telecom was a “spectrum game’’, a source added the additional spectrum of 43.4 MHz in the 1,800-MHz band, known for 4G data efficiency, coming from Telenor, was expected to be “more than sufficient for Bharti over the next four to five years”.

Bharti claimed the acquisition would bolster its footprint with the additional spectrum band, besides eliminating smaller and fringe players.  

Whether the deal would help Bharti take on Reliance Jio in the fiercely competitive environment, an analyst said, “Market forces along with customer service and network quality would determine the winner.’’ 

The acquired company’s debt of about Rs 1,500 crore will be serviced by Telenor itself, executives said.   

While Bharti would gain around 44 million new subscribers, adding to its current base of 269 million, once the deal fructifies by end of the year, Telenor would get to exit without paying any severance charges for its infrastructure contracts and tower lease deals. Bharti would replace Telenor in those agreements with the likes of IBM, Ericsson and Nokia. 

Telenor, which was among the telcos to get as many as 122 licences in 2008 under then telecom minister A Raja, has had a stormy run in India that had begun with a venture with real estate company Unitech. Subsequently, Unitech faced charges in the 2G spectrum scam and Telenor went on a solo ride. The Norwegian company, which had bet on India as the fastest growing telecom market, is exiting India to cut its losses, experts said.       

Sigve Brekke, chief executive officer (CEO) of Telenor Group, said, “Finding a long-term solution to our India business has been a priority for us, and we are pleased with our agreement with Airtel. After thorough consideration, it is our view that the significant investments needed to secure Telenor India’s future business on a standalone basis will not give an acceptable level of return.”

According to Gopal Vittal, managing director and CEO (India and South Asia), Bharti Airtel, “On completion, the proposed acquisition will undergo seamless integration, both on the customer as well as the network side, and further strengthen our market position in several key circles.” The proposed transaction will also create substantial long term value for Bharti shareholders given the significant synergies, Vittal said.

Shares of Bharti Airtel opened at Rs 371.80 on the BSE and closed at Rs 363.50, after touching a 52-week high of Rs 400.65.

Advantage Airtel 

The takeover would fortify Bharti against competition like Jio and also the proposed Vodafone-Idea merger, telecom expert Mahesh Uppal said. 

Airtel As part of the agreement, Bharti will acquire Telenor India’s running operations in seven circles — Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. These circles represent a high population concentration and, therefore, offer a high potential for growth, the Sunil Mittal-led company stated. 

The acquisition will cross the 50-per cent revenue market share threshold in the Bihar circle, which would require trimming 9.2 per cent of Telenor’s revenue, Edelweiss Securities said. 

Some analysts said higher customer base through acquisition is not expected to automatically translate into increase in revenues for Bharti as most of the Telenor users are low income customers.


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