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Cautious start likely: SGX Nifty trades flat : 31 Mar 2017

21:28 Equity Market Tips, Expert Share Market Tips, Expert StockTips, MCX News, Nifty Future Tips, Nifty Tips, Share Market News No comments

Indian Indices:

The Indian benchmarks are set to open flat on Friday amid mixed cues from Asian peers. On the economic front, the 13th sitting of the GST Council will take place on Friday in the backdrop of four key Goods and Services Tax (GST) Bills - the Centre GST, the Union Territory GST, the Integrated GST, and the compensation law getting the Parliamentary nod.

Also, the Government will unveil external debt data followed by infrastructure output data for the month of February, foreign reserves, bank deposit growth on a year-on-year (YoY) basis and bank loan growth.Muted trend in the SGX Nifty Index Futures for April delivery, which were trading at 9183.50, down by 11 points or 0.12 per cent, at 10:36 AM Singapore time, signalled a flat to lower opening for the domestic bourses.

The market sentiment also got a lift after the Lok Sabha passed four crucial legislations to introduce countrywide Goods and Services Tax (GST) bringing India closer to a unified tax regime.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29647.42, up by 115.99 points or by 0.39 per cent, and the NSE Nifty ended at 9173.75, up by 29.95 points or by 0.33 per cent.

Global Market:

Asian markets have opened mostly mixed as investors digested a mixed set of economic data out of east Asia.

Wall Street closed higher on Thursday after data showed US economic growth was stronger than previously reported last quarter, helped by robust consumer spending.

Shanghai Composite was up by 0.11% & Shenzhen Composite added 0.11%.Hang Seng Index was trading stronger by 0.61% in the early hours of trade.

Major Headlines of the day:

• PTC India Fsells stake in IEX.
• Vedanta board approves Rs6580 cr dividend payo.
• After BS-III vehicles ban, dealers kick off fire sale on bikes, trucks and buses.

Trend in FII flows: The FIIs were net buyers of Rs 67.97 the cash segment on Thursday while the DIIs were net sellers of Rs 1701.79 as per the provisional figures.

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CS OPENING BELL : 31 Mar 2017

21:07 CS OPENING BELL, Expert Share Market Tips, MCX Market Tips, Nifty Future Tips, Share Market News No comments

NIFTY SPOT DOWN 15 @9160

SENSEX DOWN 55 @29595

BANK NIFTY FUTURES DOWN 42 @21502

CS NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH

RES2:9225

RES 1:9185

SUP1:9075

SUP2:9025

CS BANK NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH

RES 2: 21555

RES 1:21425

SUP1: 21255

SUP2:21175

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Reliance Jio claims it has converted 50 mn subscribers to Prime members : 30 Mar 2017

22:21 Equity Market Tips, Expert Share Market Tips, Expert StockTips, MCX News, Share Market News No comments

Mukesh Ambani-backed Reliance Jio Infocomm Limited, the latest entrant in India's telecom market, is closing in on turning 50 million Prime members out of the 100 million free subscribers the company was able to garner by offering disruptive 4G VoLTE services at no cost.

"Out of 100 million-plus free subscribers, nearly 50 million have signed up for its 'Prime' membership by paying a one-time charge of Rs 99 and buying data packs," said an official at the company.

Jio's promotional Happy New Year plan that offered free voice and data ends on March 31, 2017. The company has been offering Prime membership to its subscribers on payment of one-time fee of Rs 99. The Prime membership enrols subscribers to continue enjoying Reliance Jio services at affordable price rates.

Data packs for such members is available for as low as Rs 149 per month. Voice calls on Jio will remain free.

The official said daily addition are going up exponentially and actual numbers will be shared after the expiry of the free offer on March 31.

According to industry estimates, out of the 100-105 million subscribers that Jio has at present, around 30 per cent are secondary connections taken by individuals to get extra free data.

Out of the remaining 70 million unique subscribers, Jio may be targeting to convert at least two-thirds to the Prime loyalty programme.

At 50 million, Jio will become the largest provider of paid broadband services in the country.

Market leader Bharti Airtel had a combined user base of 37.7 million for its 3G and 4G services at the end of December. This was down from 41.3 million three months earlier.

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Indices may open in Green: SGX Nifty to add support : 30 Mar 2017

21:14 Expert Share Market Tips, MCX Market Tips, MCX News, Nifty Future Tips, Nifty Tips, Share Market News No comments

Indian Indices:

The Indian benchmarks are set to open marginally higher on Thursday backed by positive global and domestic cues on Thursday.

The market is likely to react positively on Thursday after the Lok Sabha passed four crucial legislations to introduce countrywide Goods and Services Tax (GST) bringing India closer to a unified tax regime. But the market could remain volatile due to March F&O expiry today.

Positive trend in the SGX Nifty Index Futures for March delivery, which were trading at 9153, up by 9 points or 0.10 per cent, at 10:34 AM Singapore time, signalled a flat to marginally higher opening for the domestic bourses. On Wednesday, the Indian equity extended rally, tracking firm global cues, ahead of the expiry of March series futures and options contracts on Thursday.

The market sentiment got a lift on renewed optimism for tax reforms in the US coupled with sustained buying by foreign portfolio investors. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29531.43, up by 121.91 points or by 0.41 per cent, and the NSE Nifty ended at 9143.8, up by 43 points or by 0.47 per cent.

Global Market:

The Asian markets have opened mostly higher helped by gains in oil prices, while Wall Street closed mixed on Wednesday after healthcare bill failed to impress Congress

Japan's Nikkei stock index was down 0.2 percent, while Australian shares firmed, helped by gains in oil prices. Strong energy shares had helped the US S&P 500 end higher overnight.

Major Headlines of the day:

• After two-wheelers, general insurers want longer term motor policies for cars.
• Financials services industry will be more consolidated than it is today: Kotak
• ITR form simplified further; e-filing to start from April

Trend in FII flows: The FIIs were net buyers of Rs 460.98 the cash segment on Wends day while the DIIs were net sellers of Rs 1283.03 as per the provisional figures.

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

1. IFCI
2. JINDALSTEL
3. JPASSOCIAT
4. ORIENTBANK
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.

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CS OPENING BELL : 30 Mar 2017

21:10 CS OPENING BELL, Expert Share Market Tips, Expert StockTips, MCX News, Nifty Future Tips, Share Market News No comments

NIFTY SPOT UP 11@9155

SENSEX UP 66@9155

BANK NIFTY FUTURES UP 22@21427

CS NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH

RES2:9225

RES 1:9185

SUP1:9075

SUP2:9025

CS BANK NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH

RES 2: 21555

RES 1:21425

SUP1: 21255

SUP2:21175

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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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Dishman Pharma hits new high; stock surges over 35% in two days : 29 Mar 2017

22:41 Equity Market Tips, Expert Share Market Tips, Expert StockTips, MCX News, Nifty Tips, Share Market News No comments

Dishman Pharmaceuticals and Chemicals hit a fresh record high of Rs 322, up 16% on BSE on back of heavy volumes after the company on Tuesday said that its partner Tesaro Inc received US Food and Drug Administration (FDA) nod for cancer drug Zejula capsules.

The stock of drug maker has rallied 39% in past two trading sessions from Rs 232 on March 27, 2017.

“We believe that the increase in the stock price is based upon market estimation that we are one of the suppliers of the API for "Zejula" capsules, which got approved by the US FDA as per the press release given by Tesaro lnc,” Dishman Pharma said in a regulatory filing.

Since the company does not manufacture the innovator's end product in CRAMS segment, it is Tesaro lnc., which has received the US FDA approval for cancer drug Zejula Capsules, it added.

At 09:30 am; the stock was up 12% at Rs 310 as compared to 0.15% rise in the S&P BSE Sensex. The trading volumes on the counter surged more than five-fold with a combined 6.86 million shares changed hands on the BSE and NSE so far.

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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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Bullish start seen on global support : 29 Mar 2017

21:09 Equity Market Tips, Equity Tips, Expert Share Market Tips, Expert StockTips, MCX News, Nifty Tips, Share Market News No comments

Indian Indices:

The Indian benchmarks are set to open higher on Wednesday amid positive global cues from its Asian peers.
After ending Monday on a lower note, the market opened on a positive note, driven by a rally in the banks.

Positive trend in the SGX Nifty Index Futures for March delivery, which were trading at 9140, up by 26.50 points or 0.29 per cent, at 10:34 AM Singapore time, signalled a higher opening for the domestic bourses.

On Tuesday, the Indian equity benchmarks rebounded strongly on sustained foreign inflows, following rally in Asian markets as investors shrugged-off President Trump’s failure to push through his healthcare reform.The market witnessed some bargain hunting which pushed bank and auto stocks higher, while realty and oil&gas stocks emerged as top laggards on the BSE.

The currency market was closed on account of Gudi Padwa holiday.

Global Market:

The euro pulled back to USD 1.0814, while the dollar bounced to 111.21 yen. Against a basket of currencies, the dollar was a fraction firmer at 99.759 .

The Dow snapped an eight-day losing streak, its longest run of losses since 2011, in part as a survey showed consumer confidence surged to a more than 16-year high. Japan's Nikkei added 0.1 percent, having climbed over 1 percent the previous day.

Asian shares inched ahead on Wednesday while the dollar and commodities rallied as investors shook off disappointment about US President Donald Trump's failed healthcare bill and focussed on an improving outlook for global growth.

Major Headlines of the day:

• Mahindra Lifespace Developers will also be in focus as it turns ex-rights on Thursday. It has fixed the price at Rs 292 a share for its Rs 300-crore rights issue.
• Axis Bank soared over 3 per cent after the private sector lender said that it has raised senior notes aggregating to USD 10 million under the medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch.
• Kotak Bank lines up press conference tomorrow. Kotak Mahindra Bank has been in the news for the past two months.

Trend in FII flows: The FIIs were net buyers of Rs 6415.38 the cash segment on Tuesday while the DIIs were net sellers of Rs 356.23 as per the provisional figures.

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

1. BHARATFIN
2. CEATLTD
3. IBREALEST
4. IFCI
5. JINDALSTEL
6. JPASSOCIAT
7. JSWENERGY
8. ORIENTBANK
9.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

CS OPENING BELL : 29 Mar 2017

21:04 CS OPENING BELL, Expert Share Market Tips, Expert StockTips, MCX News, Nifty Tips, Share Market News No comments

NIFTY SPOT UP 20@9120

SENSEX UP 67@29475

BANK NIFTY FUTURES UP 37@21275

CS NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH

RES2:9225

RES 1:9150

SUP1:9065

SUP2:8975

CS BANK NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH

RES 2: 21475

RES 1:21350

SUP1: 21150

SUP2:21025

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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

Uber, Ola out of GST ambit, shopping vouchers to be taxed at redemption : 28 Mar 2017

22:14 Equity Market Tips, Expert Share Market Tips, Expert StockTips, MCX News, Nifty Tips, Share Market News No comments

Four Bills for the proposed goods and services tax (GST) regime, which were introduced in the Lok Sabha on Monday by Finance Minister Arun Jaitley, did not mention cab aggregators such as Ola and Uber, but experts say these may draw up to one per cent tax collected at source (TCS) under the definition of e-commerce marketplaces. The exact nature of taxing these cab aggregators is likely to be detailed in the rules.

Also, buses, including minibuses and pick-up vans, carrying more than 10 individuals, will not be subject to an extra cess under the proposed regime.

The legislation has been introduced as money Bills, which will not require a nod from the Rajya Sabha, where the ruling coalition is in a minority.

Formally, then, the new indirect taxation system is set for a roll-out from July. However, industry and tax experts want a September 1 roll-out.

The Bills changed an earlier draft version to tax shopping vouchers given by companies at the time of receiving these. Now, the tax will be imposed at the time of redemption. Also changed was a provision about a balance left in the compensation fund after five years. Now, the balance will be shared between the Centre and states; the draft had proposed to give it to the states.

There are provisions for arrests and fines in cases of tax evasion.

Opposition party members protested at the way the Bills — Central GST (CGST), Union Territory GST (UTGST), Integrated GST (IGST) and Compensation — were brought in. They said they’d not been given enough time to study the proposed legislation.

A debate on the Bills is set for Wednesday. A fifth Bill — state GST (SGST) — is required to be approved by the respective assemblies. Alongside, the GST Council will take up for debate the proposed rules at a meeting on Friday. After this, a committee of officers will look at fitment of rates.

The Compensation Bill deals with a cap on the cess to be imposed over the peak rate of 28 per cent, to offset states for the revenue loss due to GST for the first five years of the roll-out. It caps the cess at 15 per cent for luxury cars, station wagons and racing cars. As mentioned earlier, vehicles, which can carry more than 10 individuals, including the driver, will not attract the cess. M S Mani of consultancy Deloitte says these are basically buses, minibuses and pick-up vans.

Sugato Sen of the Society of Indian Automobile Manufacturers says while buses carry an excise duty of 12.5 per cent and value added tax (VAT) of 12.5 per cent in most states, vans carry an excise duty of around 24 per cent and VAT of 12.5 per cent.

And, the concept of cab aggregators has been removed from the final Bill. “The need was not felt, considering there are only two companies in the cab space - Uber and Ola. We will deal with them in the rules,” said a finance ministry official. Saloni Roy of Deloitte, however, says aggregators should fall within e-commerce operator definition itself. The Bill proposes up to one per cent TCS for these e-commerce marketplaces.

In the case of shopping vouchers, the GST will not be imposed at the time of receiving these but at the time of purchasing items against these vouchers. Shopping vouchers were classified as a service in the earlier draft but has been taken off that category. The tax will need to be paid at the time of the purchase against the voucher.

“Actionable claims will not be treated as goods or services, which would mean that sale of multipurpose vouchers would be taxed at the time of redemption and not upon issuance,” says Pratik Jain of PwC. Jain said the government should consider September 1 as the roll-out date.

The Centre will have a greater share of the residual amount in the compensation fund at the end of the five-year period agreed after GST takes effect. The Compensation Bill now provides for equal sharing of the amount, against the earlier formula which favoured states. States will receive provisional compensation bi-monthly from the Centre for loss of revenue from implementation. The draft law had provided for payment every quarter.

The law also provides for arrest, ordered by no less than a tax commissioner, in suppression of any transaction or evading taxes. A person convicted is punishable by up to five years of imprisonment and/or fine.

On the manner the Bills were brought in, Congress member K C Venugopal said their introduction was not listed in the day’s agenda. Parliamentary procedure had to be followed in important issues.

Parliamentary Affairs Minister S S Ahluwalia said the Bills were uploaded on the government website at midnight of Friday. To which, Opposition MPs took strong objection, demanding to know how the government expected members to check the website at midnight. Why they demanded was the issue not discussed at last week’s meet of the Business Advisory Committee.

Congress leader Mallikarjun Kharge, Majlis-e-Ittehadul Muslimeen leader Asaduddin Owaisi and the Trinamool Congress’ Saugata Roy were among those who objected to the Bills’ introduction.

Key reform in final lap

i) Peak rate of CGST proposed at 20%

ii) However, actual peak rate would be 14%

iii) 20% is an enabling provision for the future

iv) SGST will have similar rates

v) GST Council has already approved combined rates of 5%, 12%, 18% and 28%

vi) Cess to be imposed over 28% to compensate states for five years

vii) Provision of anti-profiteering body

viii) These Bills will not automatically apply to J&K

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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 open in red; Healthcare stocks plunge : 28 Mar 2017

21:42 Equity Market Tips, Expert Share Market Tips, Expert StockTips, MCX Market Tips, Nifty Future Tips, Nifty Tips, Share Market News No comments

Indian Indices:

Equity benchmarks saw a higher opening, driven by a rally in the banking stocks and tracking the global cues. Banking stocks Axis Bank, ICICI Bank were among the top gainers on both the indices, while GAIL and ONGC were a drag.

After ending Monday on a lower note, the market opened on a positive note, driven by a rally in the banks.

The 30-share Sensex was up 109.42 points at 29346.57, while the Nifty was up 43.15 points at 9088.35. The market breadth was healthy as 746 shares advanced against a decline of 189 shares, while 39 shares were unchanged.

Banking stocks such as Axis Bank, ICICI Bank were among the top gainers on both the indices, while GAIL and ONGC were a drag. IndusInd Bank, HDFC, DCB Bank and Cimmco touched their 52-week highs. Dishman Pharma surged 20 percent and was locked in upper circuit on the back of a product approval by the US drug regulator.

The currency market was closed on account of Gudi Padwa holiday.

Global Market:

The US stock markets ended mixed on Monday as worries loom over the fate of President Donald Trump’s economic plan, including tax reform and infrastructure spending.

The Dow Jones Industrial Average fell 45.74 points, or 0.22 percent, to 20,550.98, the S&P 500 lost 2.39 points, or 0.10 percent, to 2,341.59 and the Nasdaq Composite added 11.64 points, or 0.2 percent, to 5,840.37.

Asia markets gained on Tuesday morning as investors shrugged off the disappointment from the current US administration's ability to push through legislation to repeal and replace the Obama-era health-care law.

Major Headlines of the day:

• UCO Bank: The bank by the way of preferential allotment, has approved issue of shares to the Government of India against proposed capital infusion of Rs 1150 crore.
• Shriram EPC: The company from United Republic of Tanzania, Tanzania has received order worth $107.8 million in JV with Larsen & Toubro.
• IDFC Bank: The bank has sold nine stressed loan portfolios worth Rs 5000 crore to Edelweiss Asset Reconstruction Company (ARC), which will be the largest such transaction in the financial year.

Trend in FII flows: The FIIs were net buyers of Rs 577.88 the cash segment on Monday while the DIIs were net sellers of Rs -594.48 as per the provisional figures.

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

1. BHARATFIN
2. CEATLTD
3. IBREALEST
4. IFCI
5. JINDALSTEL
6. JPASSOCIAT
7.JSWENERGY
8. ORIENTBANK
9. TV18BRDCST
10.WOCKPHARMA

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 : 28 Mar 2017

21:07 CS OPENING BELL, Equity Market News, Equity Tips, MCX News, Nifty Tips, Share Market News No comments

NIFTY SPOT UP 42@9087

SENSEX UP 115 @29352

BANK NIFTY FUTURES UP 112 @21212

CS NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH

RES2:9225

RES 1:9185

SUP1:9025

SUP2:8975

CS BANK NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH

RES 2: 21375

RES 1:21255

SUP1: 20955

SUP2:20725

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

SBI workforce may see 10% reduction by 2019; hiring to fall by 50%: MD : 27 Mar 2017

22:18 Equity Market Tips, Expert Share Market Tips, Expert StockTips, MCX News, Nifty Future Tips, Share Market News No comments

The total workforce of the country's largest lender -- State Bank of India (SBI) -- will see a reduction over the next two years, after the merger with six entities, owing to attrition, reduced hiring and digitisation, a top official said.

"Manpower will go down with the period of time. Around 10 per cent reduction in two years may be a possibility," Rajnish Kumar, SBI managing director, told IANS in an interview.

Currently, the public lender has around 207,000 workforce and the merger of six entities -- SBBJ (State Bank of Bikaner and Jaipur), SBM (State Bank of Mysore), SBT (State Bank of Travancore), SBP (State Bank of Patiala) and SBH (State Bank of Hyderabad), Bharatiya Mahila Bank -- from April 1 will add approximately 70,000 employees.

"Post-merger we will be at 2,77,000 people in SBI. This may come down to 2,60,000 by March 2019. So it may be less than 10 per cent. Let us first merge and see the impact of the key process changes," Kumar said.

He said there would be some actual reduction in headcount along with re-assignment of the roles, but lay-offs are not an option.

"We have offered voluntary retirement scheme (VRS), there would be natural attrition and every year we may not replace head by head (replacement recruitment). Manpower will also reduce as a result of digital initiatives. There will be a combined effect," he added.

Ruling out layoffs, he said the question does not arise.

"Two years down the line, these efficiencies will start showing. Reduction in manpower will depend on efficiency of the merger and branch networks.

Lot of duplication happening will be removed and we will have more feet on the street (customer outreach programmes)," Kumar told IANS.

Hiring in SBI may not be halted, but will reduce by 50 per cent in a year, he said. In 2016-17, SBI hired 19,000 people.

"It will come down from the previous average of hiring. It could be reduced by 50 per cent. We will return to usual 5,000-6,000 recruitment every year," he said.

"We cannot stop new hiring because it creates a lot of gap in the middle management down the line. But full replacement may not be required. If 13,000 people retire in a year, we may recruit 7,000-8,000 in a year," he added.

Kumar said the bank will continue with its policy of branch expansion, and the associate bank branches will be merged.

"There is a policy of branch expansion, we are governed by that. We keep on opening new branches depending on the business potential, that will not stop. We are working on the plan as to how many branches we will open in next two years," he said.

SBI managing director said there would be ample benefits from the merger in terms of cost-efficiency and rationalisation.

"Treasury integration, risk management optimisation will happen. It will result in efficiency gains for the bank. Continuously supporting them with capital will not be required. Initially, the costs may go up, but in the next two years... The rationalisation efficiencies will surface," he said.

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