Capitalstars Share Market Tips

Get more details here:-

Stock TipsShare Market Company

* 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

Capitalstars Updates: Nifty slips below 10,500 mark on weak global cues; PSU banks drag: 28 Feb 2018

21:32 Capitalstars Update, Equity Market News, Equity Market Outlook, Equity Market Tips, Expert Share Market Tips, Expert StockTips, Financial Advisory company, MCX Market Tips 1 comment

Capitalstars Updates: Equity Market Outlook

Indices extended losses tracking weakness in global peers and due to selling pressure in banking, financials, metal and media stocks.

The subdued trend across most global markets coupled with persistent weakness in banking stocks dragged Indian equity indices lower at the start of the session.

Global markets snapped the recent winning streak after comments from US Federal Reserve Chair Jerome Powell stoked fears of a faster pace of interest rate hikes in the US.

At 10:09 AM, the BSE Sensex was trading at 34,143, down 203 points, while the Nifty50 index was trading at 10,493, down 71 points.

The BSE Midcap Index slipped 0.50% and the BSE Smallcap Index was down 0.40%.

PNB's stock slumped over 4%, dragging the Nifty PSU Bank index over 2%.

Shares of Hindustan Petroleum Corp, down 3.5% as they traded ex-dividend.

Cipla's stock, up 1%, was the top gainer on the Nifty50 index. The company entered into an agreement with Roche Pharma under which Cipla will promote and distribute Tocilizumab (Actemra) and Syndyma, the 2nd brand of Roche’s cancer therapy, bevacizumab (Avastin) in India.

Bharat Forge said it has completed the divestment of balance 26% stake in power equipment JV with GE, Alstom Bharat Forge Power Pvt Ltd. The stock slipped 1%.

All sectors except Pharma and IT are in the red led by PSU banking, financial, media, realty, FMCG, automobile and Bank Nifty sectors.

Volatility index India VIX rose 1.59% to 14.1450.

Cipla (+1.3%), UPL (+1%), GAIL (+0.75%), Sun Pharma (+0.72%) and Dr.Reddy’s (+0.61%) were the top gainers on Nifty50.

ICICI Bank (-2.5%), Vedanta (-1.9%), Hindalco (-1.7%), Yes Bank (-1.7%) and SBI (-1.5%) were the top losers in today’s trade.

Out of 2,002 stocks traded on the NSE, 378 advanced, 1,212 declined and 412 remained unchanged today.

A total of six stocks registered a fresh 52-week high in trade today, while 41 stocks touched a new 52-week low.

Also, u can visit:-

Get more details here:-

Stock Tips

Share Market Company

* 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

Capitalstars Updates: PNB says unauthorized transactions can increase by $204.25mn, stock down 7%: 27 Feb 2018

21:17 Equity Market News, Equity Market Outlook, Equity Market Tips, Expert Share Market Tips, Expert StockTips, Financial Advisory company No comments

These frauds would propel PNB bank to make higher provisions in the coming period, which would dent its profitability.

PNB says that quantum of reported unauthorized transactions can increase by $204.25 mn (~Rs1,300cr). These frauds would propel bank to make higher provisions in the coming period which would dent its profitability.

The stock has reacted negatively to this news and is down 6.65% to Rs104.8/share at a 52-week low on NSE.

Punjab National Bank had announced on February 14, 2018, that it had unearthed a $1.77 bn fraud at a branch in Mumbai. The fraud includes the issue of unauthorized letters of undertaking that was used mainly by firms led by Nirav Modi and his uncle, Mehul Choksi.

High impaired loans, poor capitalization, and a less supportive operating environment suggest a subdued outlook for earnings over the medium term.

We expect higher loan loss provisions going ahead. Further, we expect ROE will likely remain depressed over FY17-19E. The stock is trading at 0.7x FY20E P/BV.

We have a negative outlook on the stock.

Also, u can visit:-

Get more details here:-

Stock Tips

Share Market Company

* 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

Capitalstars Updates: News that mattered during the week: 24 Feb 2018

22:17 Capitalstars Update, Capitalstars Updates, Capitalstars Updates: Budget 2018, Equity Market News, Equity Market Outlook, Equity Market Tips, Expert Share Market Tips No comments

Big news that made headlines during the week.

Federal Bank Board approved buying 26% stake in Equirus Capital

Mahanagar Gas will bid for more city gas networks in the next auction

Bank of Baroda said that it has no exposure to LOUs issued by PNB in the alleged fraud case involving Nirav Modi

Dilip Buildcon bagged engineering, procurement, and construction project worth Rs157cr from Karnataka government

Adani Transmission received letter of intent for one inter-state transmission project in Rajasthan

JSW Group offers highest bid for Jaypee Infra, offering a little over Rs9,900cr to bank

Axis Bank asks CIO Amit Sethi to resign following whistleblower complaint

Cyient board approved reduction of non-resident investment from existing 100% to 49 %

RIL to acquire 5% stake in Eros International Plc for US $48.75mn, announces joint partnership to set-up Rs1,000cr corpus to co-produce and consolidate content

Union Bank said that it classified Rotomac Global account as a non-performing asset in October 2016

Bank of Baroda discloses Rs456.6cr exposure to Rotomac Global

Punjab National Bank looking to monetise real estate assets including office space in Delhi worth over Rs. 5,000cr

Infosys to divest entire stake in Onmobile Systems for US $2.5mn

Manipal Tech withdraws bankruptcy plea against Reliance Communications

PowerGrid emerges as lowest bidder for Rs1,000cr transmission project

Also, u can visit:-

Get more details here:-

Stock Tips

Share Market Company

* 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

Capitalstars Updates: Markets indicate a marginally positive opening, in-line with Asian markets: 23 Feb 2018

20:31 Capitalstars Update, Equity Market News, Equity Market Outlook, Equity Market Tips, Expert Share Market Tips, Expert StockTips 1 comment

Indian Indices:

SGX Nifty is indicating a positive for the Indian markets. Indian markets are expected to trade range bound, as traders await fresh triggers. In stock specific news, I-T dept attaches Gitanjali Gems's SEZ property in Hyderabad worth Rs1,200 cr in PNB fraud case. Fortis Bank is set to acquire 26% stake in Equirus capital . Asian shares gained in morning trade as comments from a US Federal Reserve official eased worries that the central bank might raise rates more aggressively this year, reports Reuters. Overnight, US stocks closed slightly higher. S&P 500 at 2,703 points is up 0.1%.

Global Market:

• Asian markets are trading in the green at present. Nikkei is currently up 0.29%, Hang Seng is trading 1.05% higher, while Shanghai Composite is up 0.25%.
• US Markets: US Markets: Wall Street ended on a mixed note in yesterday’s session. The Dow climbed 0.7% to 24,962.48, S&P 500 inched up 0.1% to end at 2,703.96, while the tech-heavy Nasdaq edged modestly lower, closing at 7,210 down 0.1%. On the US economic front, a report released by the Labor Department showed a modest decline in first- time claims for US unemployment benefits in the week ended February 17th, which surprised most economists who had exacted it to remain unchanged.

Major Headlines of the day:

• Bhushan Infosys files counterclaim against former CFO- After submitting an application to resolve its former chief financial officer Rajiv Bansal’s severance pay issue, Infosys has filed a counter-suit for Rs100 crore, alleging that he did not fulfil his obligations and breached trust.
• Adani Transmission bags Rajasthan project, Adani Transmission said it has received a letter of intent from PFC Consulting Ltd, an arm of Power Finance Corporation, to construct, own, operate and maintain an inter-state transmission project in Rajasthan.
• Fortis Healthcare founders Malvinder Mohan Singh and Shivinder Mohan Singh said they are trying to get Fortis Healthcare back on track even as they relinquished their board positions.

Trend in FII flows: The FIIs were Net Value of Rs -2335.34 the cash segment Thursday while the DIIs were Net Value of Rs 1059.42 as per the provisional figures.

Securities in Ban For Trade Date 23-FEB-2018:

NILL

Also, u can visit:-

Get more details here:-