JBF Industries extends fall on credit rating downgrade: 31 Jul 2017

JBF Industries dipped 11% to Rs 199 on BSE in early morning trade, extending its Friday’s 13% fall, after the rating agencies downgraded the rating of the company on delays in servicing its debt obligations by JBF group. In past one week, the stock slipped 28% from Rs 278, against 0.48% rise in the S&P BSE Sensex. “The rating of the company has been downgraded to “D” default rating by rating agencies predominantly due to delays by JBF group in servicing its debt obligations,” JBF Industries said in a regulatory filing. JBF is a manufacturer of Polyester value chain products. The Company is one of the largest polyester...

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Monday Blues on Dalal Street; SGX Nifty up 2.50 pts: 31 Jul 2017

Indian Indices: Indian shares are likely to witness a flattish start on Monday morning as the global markets look muted with SGX Nifty trading 2.50 points higher @10037.50.Benchmark indices are likely to open flat following the global peers following mixed ending for Wall Street on Friday amid geopolitical tensions in the Korean peninsula and rising oil prices. The Street might get a boost on rate cut optimism ahead of the Monetary policy meet, which will start tomorrow. Markets will also keep an eye at corporate earnings for the day. 92 companies on the BSE will declare their Q1 results later today including Balrampur...

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CS OPENING BELL: 31 Jul 2017

NIFTY SPOT UP 15@10030 SENSEX UP 97@32420 BANK NIFTY FUTURES UP 42 @24977 CS NIFTY FUTURES (AUG) OVERVIEW TREND BULLISH RES2: 10115  RES 1:10075 SUP1:9975 SUP2:9925 CS BANK NIFTY FUTURES( AUG) OVERVIEW TREND BULLISH RES 2: 25175 RES 1:25055 SUP1: 24750 SUP2: 24575 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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Indian ADRs end with mixed sentiments on July 28: 29 July 2017

Indian ADRs closed with mixed sentiments in the market during the trading hours of July 28. In the IT sector, Infosys closed higher by 0.77% at USD 15.71; while Wipro closed lower by 0.33% at USD 6.1. In the banking sector, ICICI Bank closed lower by 2.22% at USD 9.27; and HDFC Bank closed higher by 0.57% at USD 96.84. In the other sectors, Tata Motors closed higher by 0.32% at USD 34.6; and Dr Reddy’s Laboratories closed lower by 3.94% at USD 36.79. The tech-heavy Nasdaq Composite Index ended marginally lower by 7 points to 6,374. The Dow Jones Industrial Average closed up by 33 points to 21,830. The S&P 500 closed almost lower...

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FIIs were net sellers in cash markets on July 28: 29 July 2017

Nifty closed at 10014 level, down by 6 points while Sensex closed at 32309 level, down by 73 points. There were 646 advances, 743 declines and 53 unchanged stocks on NSE reflecting negative sentiments in floating in the market. On the broader markets, BSE Mid-cap index closed at 15329, up by 0.48% while BSE Small-cap index closed at 16071, up by 0.35%. The foreign institutional investors (FIIs) were net sellers in the cash market with net cash outflow of Rs 223 crore and domestic institutional investors (DIIs) were net buyers with net cash inflow of Rs 424 crore. FIIs were net sellers in index futures with net cash outflow...

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HDFC clears 9.57% stake dilution in subsidiary HDFC Life: 29 July 2017

HDFC will sell 9.57% stake in HDFC Life through an IPO in the coming months, becoming the third major life insurer to list on stock markets. The company has approved sale of 19,12,46,050 shares, it said in a notice to BSE on Friday night. British insurer Standard Life, which owns 35% in the insurance JV, is also expected to sell a portion of its shares.  The announcement follows last week’s decision by the HDFC Life board to sell up to 20% of its equity in a public offering. The move casts doubts over whether the HDFC Life and Max Life merger, which is yet to receive the regulator’s approval, will go through.  ...

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Sebi, bourses meet to beef up systems: 28 Jul 2017

The Securities and Exchange Board of India (Sebi) has called for a meeting of stock exchanges on Friday to discuss beefing up of systems and process following a three-hour technical glitch at the National Stock Exchange (NSE) earlier this month. This would be the first meeting of the newly-constituted Sebi panel on cyber security, aimed at safeguarding the capital markets from technical glitches and cyber attacks. The four-member panel, set up in May, is headed by Sebi’s whole-time member Madhabi Puri Buch; Executive Director S V Murali Dhar Rao and experts from the information technology sector are other members. Sources...

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Gap down start likely; SGX Nifty down 74 pts: 28 Jul 2017

Indian Indices: Indian shares are likely to witness a bearish start on Friday morning as the global markets look weak with SGX Nifty trading 74 points lower @9998.50.The markets are likely to witness a gap-down opening in Friday's trade taking lead from Asian markets which sagged after US tech shares retreated from recent rallies, pulling back Wall Street slightly lower. Back home, investors will also react to June quarter results of companies like Idea Cellular, ONGC, ITC and ICICI Bank, which reported their numbers on Thursday post market hours. Nifty50 has support placed in the region of 9,920-9,930, and if this support is breached,...

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CS OPENING BELL: 28 Jul 2017

NIFTY SPOT DOWN 57@9965 SENSEX DOWN 215@32172 BANK NIFTY FUTURES DOWN127 @24862 CS NIFTY FUTURES (AUG) OVERVIEW TREND BULLISH RES2: 10095 RES 1:10055 SUP1:9975 SUP2:9925 CS BANK NIFTY FUTURES( AUG) OVERVIEW TREND BULLISH RES 2: 24975 RES 1:24925 SUP1: 24725 SUP2: 24675 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...

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Bharti Airtel Q1 net tanks 75% on Jio impact, African worries: 26 Jul 2017

Pricing pressures continue to impact the performance of India’s largest telecom services player, Bharti Airtel, which reported a 14 per cent year-on-year (YoY) fall in the April-June quarter with a consolidated revenue of Rs 21,958 crore. Revenues were, however, better than the consensus estimates of Rs 21,903 crore.  Though the Naira (Nigerian currency) devaluation did impact the company’s consolidated revenues, yet the key reason for the downfall was the poor performance of the mobile segment in the country.  Indian mobile revenues fell 14 per cent YoY to Rs 12,914 crore. Though the subscriber base of the company increased...

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Flat start likely; SGX Nifty up 6 pts: 26 Jul 2017

Indian Indices: Indian shares are likely to witness a flat to positive start on Wednesday morning as the global markets look mixed with SGX Nifty trading 6 points higher @9979.The benchmark indices are expected to open flat ahead of the derivatives expiry of the July series due tomorrow, while investors will also react to the weak quarterly earnings of the heavyweight Bharti Airtel. Cautious sentiment ahead of the US Federal Resrve's policy outcome will also set the market direction. The Fed concludes a two-day meeting later on Wednesday, and is widely expected to keep interest rates unchanged. With a rate hike not in the...

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CS OPENING BELL: 26 Jul 2017

NIFTY SPOT 17 @9982 SENSEX UP 45@32275 BANK NIFTY FUTURES DOWN 2 @24520 CS NIFTY FUTURES (JULY) OVERVIEW TREND BULLISH RES2: 10025 RES 1:9995 SUP1:9950 SUP2:9875 CS BANK NIFTY FUTURES (JULY) OVERVIEW TREND BULLISH RES 2: 24675 RES 1:24575 SUP1: 24425 SUP2: 24275 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...

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Cipla, DRL, Dabur, TVS Motor trade flat on proposal to refund CGST: 25 Jul 2017

Stocks of companies invested in excise-free zones in Himachal Pradesh, Uttarakhand and the North-East were trading flat following news report that a proposal to refund the central goods and services tax (GST) to those firms has been presented to the Cabinet.  Many auto, FMCG and pharma companies will benefit if the proposal gets approval from the government.  At 10:30 am, Cipla, Dr Reddy's, Dabur, TVS Motor and Wockhardt etc were trading flat.  Big pharmaceutical companies such as Cipla, Dabur, Dr Reddy’s, Johnson & Johnson and Wockhardt have plants in excise-free zones in Himachal Pradesh, while TVS Motor,...

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