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

Saturday 18 February 2017

Benchmark indices settle near 5-month high; HDFC Bank up 3.6% - 18 Feb 2017



Benchmark indices settled the day higher, gaining for the fourth straight week driven by financials even after RBI put HDFC Bank back in the FII ban list.

The Central Bank said the private bank has crossed overall limit of 74% of its paid-up capital and no further purchases of shares the bank would be allowed via exchanges for FIIs. It had allowed allowed foreign investors to resume buying in the private bank earlier.

Nifty50 rose as much as 1.3% during the early morning trade led by HDFC Bank after it gained 9.5% to a record high of Rs 1,454.

The S&P BSE Sensex settled the day at 28,469, up 167 points, while the broader Nifty50 ended at 8,822, up 44 points.

In the broader market, BSE Midcap and BSE Smallcap gained 0.5% and 0.4% respectively.

"Market opened with a gap up supported by banking & pharma stocks. Pharma stocks witnessed glimpse of turnaround due to improvement in FDA outlook, investors are considering them as a good value pick in the long-term. On the other hand, HDFC Bank provided a flip to the index after RBIs lifted the ban on FII’s investment," said Vinod Nair, Head of Research, Geojit Financial Services.

"We continue to have a positive outlook on the bank but this price trend is likely to normalize given RBI re-imposing the ban after FII holding exceeded the threshold limit of 74% on hefty buying today," he added.

Sectors and Stocks

HDFC Bank pared gains to end 3.6% higher after the RBI put the bank back in its FII bank list. Market cap of HDFC surpassed that of RIL's post the announcement. Nifty Bank also reached its record high of 21,042 led by rally in banks.

Financials surged with the Nifty Bank index rising as much as 4% to a record high while both the Nifty Private Bank index and the Nifty Financial Services index gained over 3.5% to hit all-time highs. Nifty Bank later pared the gains to end 1.5% higher.

Pharma stocks also rose with Sun Pharmaceutical Industries among top percentage gainers, up 3.8% on BSE Sensex. The healthcare index also gained over 1.5% 

Meanwhile, Indiabulls Housing Finance and Indian Oil Corporation gained 2.7% and 2.2% respectively after reports that they will replace BHEL and Idea Cellular in NSE’s benchmark index Nifty. The changes will come into effect from March 31, 2017, according to the announcement.Idea Cellular fell 1.8% while BHEL settled flat after losing over 1% during intra-day deals.

Global Markets

Asian stock markets took a breather on Friday from their recent surge as investors booked profits, while the dollar inched up after Thursday's slide and optimism over possible renewed supply cuts by OPEC lifted oil prices.

European equities fell on Thursday after seven straight sessions of gains, with weaker metal prices weighing on miners. The pan-European STOXX 600 fell 0.4% after recent gains to a two-month high on Wednesday.

MSCI's broadest index of Asia-Pacific shares outside Japan pulled back 0.2%, on track to end the week up 1.2%, its fourth straight weekly gain.

Overnight, Wall Street lost momentum, with the Dow Jones Industrial Average barely eking out its sixth straight record high, while the S&P 500 and Nasdaq snapped a seven-day winning streak as investors slowed buying to digest recent gains.



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


0 comments:

Post a Comment