Sebi chief Ajay Tyagi cautions MFs on bad loan spillover : 30 June 2017

The Securities and Exchange Board of India (Sebi) has cautioned the mutual fund (MF) sector on a spillover of bad loans from the banking system to debt funds. “You need to be more watchful. You have to make sure non-performing assets don’t get shifted to MF portfolios by way of transfer of debt,” Ajay Tyagi, chairman of Sebi, said on Thursday. He was speaking at the Association of Mutual Funds in India’s ((AMFI’s) first summit of top executives of the Rs 19-lakh crore asset management sector. The Sebi chief urged funds to improve their due-diligence. “There have been instances of default in debt schemes. The MF industry...

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Bulls fell down and Bears came tumbling after; SGX Nifty down 44 pts : 30 June 2017

Indian Indices: Indian shares are likely to witness a gapdown Friday morning with negative bias as the global markets look subdued with SGX Nifty trading 44 points lower @9485. The Indian benchmarks are set to open flat on Friday tracking muted cues from other Asian peers. On the corporate front, Central Depository Services (CDSL) is all set to make its debut on exchanges on Friday, June 30. The final issue price is fixed at Rs 149, the higher end of the price band. HDFC will also be in focus on the news that HDFC Life, one of the country’s leading private sector life insurance companies, will decide on the initial public...

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CS OPENING BELL : 30 June 2017

NIFTY SPOT DOWN 52 @9450 SENSEX DOWN 167 @30685 BANK NIFTY FUTURES DOWN155 @23075 CS NIFTY FUTURES (JULY) OVERVIEW TREND BULLISH RES2: 9595 RES 1:9550 SUP1:9475 SUP2:9425 CS BANK NIFTY FUTURES (JULY) OVERVIEW TREND BEARISH RES 2: 23375 RES 1:23315 SUP1: 23000    SUP2: 22945    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...

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Muted start likely with positive bias; SGX Nifty up 3 pts @9505 : 29 June 2017

Indian Indices: Indian shares are likely to witness a muted Tuesday morning with a positive bias as the global markets look subdued with SGX Nifty trading 3 points higher @9505.Indian equities are likely to open flat with a positive bias on Thursday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which was trading at 9,505.50, up by 3 points or 0.3 percent, at 10:40 AM Singapore time, also signaled a flat opening for local bourses. The market is likely to see volatility ahead of June F&O expiry due...

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CS OPENING BELL : 29 June 2017

NIFTY SPOT UP 70 @9562 SENSEX UP 227 @31060 BANK NIFTY FUTURES UP 217 @23457 CS NIFTY FUTURES (JUN) OVERVIEW TREND BULLISH RES2: 9595 RES 1:9555 SUP1:9470 SUP2:9425 CS BANK NIFTY FUTURES (JUN) OVERVIEW TREND BULLISH RES 2: 23575 RES 1:23455 SUP1: 23000  SUP2: 22925 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...

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Axis Bank gains 4% on exposure to select accounts : 29 June 2017

Axis Bank was up 4.5% to Rs 514 on the National Stock Exchange (NSE) in intra-day trade after the bank said around 80% of its debt exposure to eight of the 12 stressed accounts referred in Reserve Bank of India (RBI) directions on June 15, 2017. The RBI issued directions in their communication dated 15 June 2017 advising banks to initiate insolvency resolution process in select accounts under the provisions of the Insolvency and Bankruptcy Code, 2015 (IBC).  “The Bank's had exposure on eight of these accounts on 31s March, 2017. Total fund based outstanding of the Bank on these accounts was Rs 5,071 crore. Non-fund...

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SpiceJet world's best performing airline stock : 28 June 2017

Two and a half years after SpiceJet Ltd. was forced to ground its entire fleet on its inability to pay a mere $2.2 million in fuel bills, the budget airline has become the world’s best-performing airline stock — with $26 billion in plane orders to boot. The company’s co-founder and Chairman Ajay Singh has played the white knight, injecting capital, cutting loss-making routes and aggressively adding capacity in one of the world’s fastest growing markets. To top it all off, crude prices are staying low. For investors, that’s been a winning formula: SpiceJet shares are the best performers on a Bloomberg Intelligence index of airline...

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Bears to ring opening bell; SGX Nifty down 30.50 pts @9486 : 28 June 2017

Indian Indices: Indian shares are likely to witness a bearish Tuesday morning deals as the global markets look subdued with SGX Nifty trading 30.50 points lower @9486.Indian equities are likely to open lower on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and negative trading across Asian markets. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,485.50, down by  0.31 points or 0.33 per cent, at 10:40 AM Singapore time, also signaled a weak opening for local bourses. The market may see volatility this week ahead of June F&O expiry...

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CS OPENING BELL: 28 June 2017

NIFTY SPOT DOWN 20 @9490 SENSEX DOWN 55 @30902 BANK NIFTY FUTURES DOWN 70 @23160 CS NIFTY FUTURES (JUN) OVERVIEW TREND BULLISH RES2: 9595  RES 1:9555 SUP1:9475 SUP2:9425 CS BANK NIFTY FUTURES (JUN) OVERVIEW TREND BULLISH RES 2: 23375 RES 1:23275 SUP1: 23000    SUP2: 22925    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...

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NSPCL to make bond market debut, asks bankers for underwriting bids - 24 Jun 2017

To raise Rs 1.5k cr; 1st tranche would be for Rs 250 cr with green shoe option of another Rs 250 cr Delhi-based NTPC-SAIL (Steel Authority of India) Power Co (NSPCL) is in the process of issuing its maiden bonds, and the company has asked bankers for underwriting bids.  The plan is to raise Rs 1,500 crore, but the first tranche would be for Rs 250 crore with a green shoe option of another Rs 250 crore, confirmed NSPCL Chief Financial Officer S V Shahi. The reason for the firm, a joint venture between NTPC and SAIL, for hitting the bond market route is the low cost of fund, Shahi said. The firm is already in the...

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Wall Street weighed down by health, consumer shares - 24 Jun 2017

US stocks were mostly lower on Friday, dragged lower by healthcare and consumer staples shares. Health stocks had rallied on Thursday after Senate Republicans unveiled legislation that would replace Obamacare. However, the bill faced skepticism from the Democrats, who attacked the legislation as a callous giveaway to the rich that would leave millions without coverage. UnitedHealth was down about 1 percent and was the biggest drag on the Dow. Other major health stocks, including Regeneron and Amgen, were down between 1 percent and 3 percent. At 9:48 a.m. ET (1348 GMT), the Dow Jones Industrial Average was down 46.92 points,...

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GTPL Hathway IPO oversubscribed 1.53 times on last day - 24 Jun 2017

The initial public offering (IPO) of GTPL Hathway, which offers cable TV and broadband services, was oversubscribed 1.53 times on the last day of offer today. The IPO received bids for 3,08,57,728 shares against the total issue size of 2,02,15,966 shares, data available with the NSE showed. The category reserved for qualified institutional buyers (QIBs) was oversubscribed 1.48 times, non-institutional investors 2.85 times and retail investors 94%, sources said. GTPL Hathway on Tuesday raised over Rs 145 crore from anchor investors. The IPO to garner up to Rs 485 crore comprises a fresh issue of shares worth Rs 240 crore and...

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Adani Group’s NBFC arm invests Rs 50 crore PRA Realty : 22 June 2017

The NBFC arm of Adani Group, Adani Capital will invest Rs 50 crore in PRA Realty’s projects in Pune. Adani Capital has partnered with PRA Realty to provide capital for its project in Pune, the company said in a statement. This investment will be utilised towards the development of a mixed-use project. With a focus on wholesale and retail lending, Adani Group has entered into the financial services business. PRA Realty, promoted by Rustom Bharucha has close to 5 million sq ft currently under development and has delivered over 1 million sq ft. It is one of the fastest growing real estate developers in Pune. Adani Group stocks...

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