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

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...

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CS OPENING BELL : 31 May 2017

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:- Commodity Market Tips Equity Tips Share...

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Muted start likely on flat global cues : 31 May 2017

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...

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

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,...

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

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...

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CS OPENING BELL : 30 May 2017

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:- Commodity Market Tips Equity Tips Share Market Tips&n...

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

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...

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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...

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

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...

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

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...

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

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...

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

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...

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

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...

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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...

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