Capitalstars Opening bell : 31 may 2018

CS OPENING BELL:

NIFTY SPOT UP 23 @ 10637

SENSEX UP 94  @ 34999

BANK NIFTY FUTURES UP 134 @ 26385

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BULLISH

RES2: 10815

RES 1:10745

SUP1:10585

SUP2:10500

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BULLISH

RES 2: 26925

RES 1: 26760

SUP1: 26240

SUP2: 26135

Visit:        Forex trading tips        stock market tips         Share Tips Expert

Coal India rises 4% post Q4 show; Merck hits record high; stock zooms 18%

Coal India’s shares gained over 3.5 percent in the morning trade on Wednesday. Investors reacted to the results for March quarter posted by the firm, which included a one-time gratuity payout.The stock touched an intraday high of Rs 292.30 and an intraday low of Rs 277.75.

The FSA average selling price (ASP) was also ahead of estimates as gains from price hikes were better than expected. Further, the e-auction ASP surprised positively. It is upbeat on the stock as stronger ASP should drive strong earnings.

The company reported a fall of over 52 percent in the net profit for March quarter at Rs 1,295 crore. The company had posted a profit of Rs 2,919 crore for the corresponding quarter of last year. Its revenues fell 16 percent at Rs 26,909 crore against Rs 23,243 crore year on year.

Shares of Merck hit a new high of Rs 2,369 per share, up by 18% on the BSE on back of heavy volumes in otherwise weak market.

Since April 19, 2018, the stock of pharmaceutical company has zoomed 57% from Rs 1,510, after the Procter & Gamble Overseas India made mandatory open offer to acquire 26% stake in the company at price of Rs 1,500.36 per share.

The firm also reported weak operational performance as operating profit of Rs 195.5 crore against Rs 3,460.5 crore year on year. The operating margin has also contracted to 0.7 percent against 14.9 percent in the previous year.

Visit:        Forex trading tips        stock market tips         Share Tips Expert

Capitalstars Opening Bell : 29 may 2018

CS OPENING BELL:

NIFTY SPOT DOWN 20 @ 10667

SENSEX DOWN 62 @ 35100

BANK NIFTY FUTURES DOWN 140 @ 26402

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES2: 10815

RES 1:10745

SUP1:10590

SUP2:10520

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES 2: 26765

RES 1: 26635

SUP1: 26240

SUP2: 26135

Visit:        Forex trading tips        stock market tips         Share Tips Expert

Capitalstars Opening Bell : 28 may 2018

CS OPENING BELL:

NIFTY SPOT UP 50 @ 10655

SENSEX UP  148 @ 35074

BANK NIFTY FUTURES UP  143 @ 26386

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BULLISH

RES2: 10825

RES 1:10745

SUP1:10565

SUP2:10500

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BULLISH

RES 2: 26770

RES 1: 26565

SUP1: 26135

SUP2: 2600

Visit:        Forex trading tips        stock market tips         Share Tips Expert

Fair value for Sensex around 30,000-31000 levels

After falling around 8-10 percent from record highs, Ambit Capital feels the market is still far away from its fair value. “We could see double-digit earnings growth in the current fiscal. If you factor that in, the Sensex at 30,000-31,000 is where fair value is.

some challenge on the margin front for mid- and smallcap companies. “While topline growth has been buoyant, operating margin slippage has become the norm for companies, especially in the case of midcaps and smallcaps. This could translate in tough time for these stocks going forward.

quickly adding that 2018 will see a flight in capital to largecap names. “Rise in the cost of capital is resulting in a pull out of capital from riskier stocks, leading to a greater flight on largecap names. The cost of capital could see another boost from our expectations of three rate hikes by the Reserve Bank of India (RBI) this year.”

This could exert fiscal pressure due to higher minimum support prices as well as oil, among others. The government could probably hold its nerve till a month prior to the assembly elections. If oil prices have not pulled back by then, excise rates could see a cut.

One could look at metals and mining along with stocks that are a play on exchange rates. The rupee is under pressure against the dollar and it may not come down soon, so IT and pharmaceuticals could benefit from this fall.

Visit:        Forex trading tips        stock market tips         Share Tips Expert

Asia opens lower; Bank of Baroda, Idea, Sun Pharma in focus

Indian Indices:
                   
                   The Nifty50 which started higher gathered momentum in the last one hour of the trading session on Thursday and closed above its crucial resistance level of 10,500 on Thursday. Index saw some value buying at lower levels along with short covering which helped Nifty to reclaim 10,500 on closing basis which is a positive sign. The Nifty50 which opened at 10,464 slipped to an intraday low of 10,419 before bouncing back above 10,500. It hit an intraday high of 10,535 before closing the day at 10,513, up 83 points. The Nifty Bank index closed up 1.29 percent at 26,016.80 on Thursday. The important Pivot level, which will act as crucial support for the index, is placed at 25,759.1, followed by 25,501.4. On the upside, key resistance levels are placed at 26,173.8, followed by 26,330.8.

Global Market:

• Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.09% while the Hang Seng is down 0.44%. The Shanghai Composite is not trading.

• US Markets: The Dow Jones Industrial Average fell 75.05 points, or 0.3 percent, to 24,811.76, the S&P 500 lost 5.53 points, or 0.20 percent, to 2,727.76 and the Nasdaq Composite dropped 1.53 points, or 0.02 percent, to 7,424.43.

• European markets- European markets finished lower today with shares in Germany leading the region. The DAX is down 0.94% while London's FTSE 100 is off 0.92% and France's CAC 40 is lower by 0.31%.


Major Headlines of the day:

• Gujarat Alkali Q4 YoY: Profit jumps sharply to Rs 221.1 crore versus Rs 87.1 crore; revenue from operations rose to Rs 697.3 crore from Rs 531.3 crore.

• Cummins Q4 YoY: Profit up 1.7 percent at Rs 161.2 crore versus Rs 158.5 crore; revenue up 4.1 percent at Rs 1,233.2 crore versus Rs 1,184.4 crore.

• GSK Pharma: Q4 net profit down 6.3 percent at Rs 105.6 crore.

• Kaveri Seed Company: Board approves buyback of equity shares.

• United Breweries Q4: Net profit at Rs 90.9 crore and revenue at Rs 1,474 crore.
.
• United Spirits Q4: Net profit at Rs 211 cror and revenue at Rs 2173.3 crore.

• Pidilite Q4: Net profit at Rs 247.5 crore and revenue at Rs 1,485.3 crore.

• PNC Infratech declared lowest bidder for the project of Rs 1,738 crore.


Trend in FII flows:-  The FIIs were Net Value of Rs  -701.93 in the cash segment THURSDAY while the DIIs were Net Value of Rs 1480.51 as per the provisional figures.


TODAY ON EARNING FRONT:-   Sun Pharma, Tech Mahindra, Bank of Baroda, Cadila Healthcare, Page Industries, IDBI Bank, Power Finance Corporation, Sundaram Finance, NBCC India, Max Financial, Karur Vysya Bank, Jagran prakashan, BEML and India Cements.


Securities in Ban For Trade Date 25-MAY-2018 :- 

1. BEML,
2. DHFL,
3. Jet Airways,
4. Jain Irrigation Systems and
5. Reliance Communications

Visit:        Forex trading tips        stock market tips         Share Tips Expert

Capitalstars Opening Bell : 24 may 2018

CS OPENING BELL:

NIFTY SPOT UP 16 @ 10446

SENSEX UP 98 @ 34445

BANK NIFTY FUTURES UP  57 @ 25658

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BULLISH

RES2: 10570

RES 1:10530

SUP1:10365

SUP2:10310

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BULLISH

RES 2: 25840

RES 1: 25755

SUP1: 25510

SUP2: 25400

Visit:        Forex trading tips        stock market tips         Share Tips Exper

Capitalstars Opening Bell : 23 may 2018

CS OPENING BELL:

NIFTY SPOT DOWN 19 @ 10517

SENSEX DOWN 49 @ 34602

BANK NIFTY FUTURES DOWN  52 @ 25765

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES2: 10690

RES 1:10600

SUP1:10455

SUP2:10365

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES 2: 26135

RES 1: 26030

SUP1: 25600

SUP2: 25480

Visit:        Forex trading tips        stock market tips         Share Tips Expert

Capitalstars Opening Bell : 22 may 2018

CS OPENING BELL:

NIFTY SPOT DOWN 14 @ 10502

SENSEX  DOWN 35 @ 35575

BANK NIFTY FUTURES DOWN  30 @ 25770

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES2: 10690

RES 1:10600

SUP1:10455

SUP2:10365

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES 2: 26135

RES 1: 26030

SUP1: 25600

SUP2: 25480

Visit:        Forex trading tips        stock market tips         Share Tips Expert

Capitalstars Opening Bell: 21 may 2018

CS OPENING BELL:

NIFTY SPOT UP 08 @ 10601

SENSEX UP  17 @ 4865

BANK NIFTY FUTURES UP  90 @ 25986

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES2: 10740

RES 1:10690

SUP1:10530

SUP2:10455

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES 2: 26285

RES 1: 26185

SUP1: 25800

SUP2: 25740

Visit:        Forex trading tips        stock market tips         Share Tips Expert

Rupee recovers 50 paise vs US dollar

The Indian rupee has seen massive depreciation against the US dollar since February when a heavy sell-off was witnessed in the domestic equities following the global trend while the home currency has breached the peak levels of 66, 67 and 68 per US dollar in the last one-and-half-month only.

Earlier on Tuesday this week, the rupee crossed the level of 68 apiece US dollar, falling by 56 paise in a single day possibly on the back of FPI’s selling pressure, the continuous surge in crude oil prices coupled with the cliffhanger outcome of Karnataka Elections 2018. During the day when Karnataka Assembly elections results have been announced, the rupee’s movement was mostly in sync with the trends of results. 

Surprisingly, just a day after rupee crossed 68 per US dollar mark, it made a sharp recovery of as much as 27 paise after touching a fresh 16-month high of 68.15 on Wednesday. Earlier on Tuesday this week, the rupee dropped 56 paise to close at 68.07 against US dollar versus a close of 67.51 on Monday.

SBI Q4FY18 Result Expectation:

• NII – Rs 18,756cr, up ~19% yoy, due to higher loan growth, projected domestic credit pickup could lend support to NII growth.
• PPOP – Rs12,610cr, decline of ~3.5% yoy, due to expected higher operating expenses and lower other income.
• PAT – Rs1,051cr, decline of ~72% yoy, profit growth is likely to decline yoy due to higher NPA provisions and lower treasury income.

Forex trading tips        stock market tips         Share Tips Expert

Sensex, Nifty Bank dip 150 pts; Bajaj Finance, Britannia, HUL hit 52-week highs on NSE

Sensex, Nifty Bank dip 150 pts; Bajaj Finance, Britannia, HUL hit 52-week highs on NSE 

The Sensex and Nifty Bank indices fell more than 100 points while the Nifty Midcap index underperformed frontliners, falling over half a percent.

FMCG stocks continued to support the market as ITC and HUL gained over a percent each while all other sectoral indices are in the red.

More than 110 stocks hit 52-week low with cuts in names such as ACC, Bank of Baroda, Oriental Bank of Commerce etc.

Bajaj Finance, Britannia Industries, Colgate PalmoliveNSE 2.71 % (India), Firstsource Solutions, Hindustan Unilever and Mphasis hit 52-week highs on NSE in Friday's trade, defying negative market sentiment. 

On the other hand, ACC, Bank of BarodaNSE -2.38 %, Bharti AirtelNSE -1.58 %, CEAT and Central Bank of India hit 52-week lows on NSE in Friday's trade. 

Trade deficit in Apr’18 remained elevated at $13.7 billion, but the overall trade activity remained tepid. Growth in exports and imports remained low at 5.2 percent YoY and 4.6 percent YoY, respectively. Capital Goods and commodity-oriented sectors gained momentum while consumption-oriented sectors continued to languish. Consumption-oriented imports reflected similar trend as that in Consumer Durables production, pointing to overall weakness in consumption.

The Nifty PSU Bank index was trading 0.70 per cent down at 2,688 around 10:20 am on Friday with all components in the red. Bank of Baroda (down 1.92 per cent), Syndicate Bank (down 1 per cent) and Union Bank of India (down 1 per cent) were the top losers in the PSU bank index.

Private bank stocks were trading mixed during the early trade on Friday. However, losses in ICICI Bank (down 1.72 per cent), IDFC Bank (down 0.83 per cent), HDFC Bank (down 0.81 per cent) and Axis Bank (down 0.53 per cent) were keeping the sectoral index down.

Forex trading tips        stock market tips         Share Tips Expert

Sensex falls 100 pts, Power stocks trade mixed; Reliance Power surges 7%

Sensex falls 100 pts, Power stocks trade mixed; Reliance Power surges 7% 

The market consolidates, trading mildly higher as all sectoral indices are in the green barring metals.

The Nifty50 is hovering around 10,750 levels while the Nifty Midcap index is up fourth of a percent.

The market breadth remains strong as about two shares gained for every share falling on the BSE.

he market erased opening gains to trade mildly lower, dragged by HDFC, Reliance Industries, Infosys and metals stocks. The Nifty50 is trading below 10,750 levels.

Hindalco, Cipla, Tata Steel, BPCL are top losers among Nifty50, down up to 4 percent while Titan Company and Bharti Infratel gained more than a percent.

Shares of Reliance PowerNSE 8.71 % (up 6.75 per cent), Reliance Infrastructure (up 3.54 per cent), Adani Transmission (up 2.97 per cent) and Torrent Power (up 2.88 per cent) were the top gainers among the power stocks. 
Benchmark BSE Sensex was 109 points down at 35,278, while the NSE Nifty50 index was down 29 points at 10,712. 
In the Sensex index, 11 stocks were trading up, while 20 stocks were down. 
Tata Motors, with a gain of over 2 per cent, was leading the pack of Sensex gainers. 
Tata Steel saw profit booking after opening higher as it reported a consolidated net profit of Rs 14,688 crore for the March quarter, as against a loss of Rs 1,168 crore in the same quarter last year, benefiting from a one-time gain of Rs 11,376.14 crore from the restructuring of its UK business' pension scheme.

The Indian rupee extended opening gains, trading 18 paise higher at 67.61 against the US dollar.

The 30-share BSE Sensex is off its opening high, rising 51.85 points to 35,439.73 while the 50-share NSE Nifty gained 18.70 points at 10,759.80.

The market breadth was positive as about two shares gained for every share falling on the BSE.

 Forex trading tips        stock market tips         Share Tips Expert

Nifty likely to open lower; ITC, JSW Steel, Tata Steel to be in focus

Nifty likely to open lower; ITC, JSW Steel, Tata Steel to be in focus

Indian Indices:                           

The market is likely to open sharply lower on Wednesday, tracking global weakness. The Nifty50 closed down 4.70 points at 10,801.90 on Tuesday. The SGX Nifty futures also indicated weak opening for the market as it was trading down 67.50 points at 10,758 on the Singaporean Stock Exchange. US stocks dropped sharply on Tuesday after Home Depot reported quarterly sales that fell short of Wall Street's expectations and interest rates breached new highs,


Global Market:

• Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.38% while the Hang Seng is down 0.54%. The Shanghai Composite is not trading.

• US Markets: The Dow Jones industrial average fell 193 points to close at 24,706.41 while the S&P 500 declined 0.7 percent to 2,711.45 and the Nasdaq composite dropped 0.8 percent to 7,351.63.

• European markets- European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.23% and the FTSE 100 rose 0.16%. The DAX lost 0.06%.


Major Headlines of the day:

• Tata Steel’s resolution plan for Bhushan Steel approved
• NTPC to take over power projects in Bihar.
• Britannia Industries Q4 profit rises 25%.
• PNB posts record Rs13,417 crore loss.
• Allahabad Bank divests CEO of all powers.

Trend in FII flows:-  The FIIs were Net Value of Rs -518.47 the cash segment TUESDAY while the DIIs were Net Value of Rs 531.33 as per the provisional figures.


TODAY ON EARNING FRONT:-   PRATAP SNACKS, SAYAJI IND, BIRLA CORP, TATA STEEL, TVS MOTORS, NESCO, AXIS BANK, ALEMBIC PHARMA, AARTI DRUGS, MUTHOOT FIN, JK LAXMI CEMENT, JSW STEEL, ITC, DB CORP, HINDALCO

Securities in Ban For Trade Date 16-MAY-2018 :-

1. DHFL
2. JETAIRWAYS
3. JPASSOCIAT
4. JUSTDIAL
5. PCJEWELLER
6. WOCKPHARMA

 Forex trading tips        stock market tips         Share Tips Expert

Capitalstars Opening Bell : 15 may 2018

CS OPENING BELL: 15 may 2018

NIFTY SPOT UP 58 @ 10865

SENSEX UP 236  @ 35796

BANK NIFTY FUTURES UP 214  @ 26668

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES2: 11070

RES 1:10950

SUP1:10770

SUP2:10680

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES 2: 27005

RES 1: 26950

SUP1: 26304

SUP2: 25935

 Forex trading tips        stock market tips         Share Tips Expert

MCX NEWS UPDATE : 14 may 2018

Gold buoyed by waning yields, but prices are backing under $1,320 as bulls pause -  

Gold kicked off the new week lifting into 1,322.00 as the US Dollar backs away from recent highs and US Treasury yields relax, but gold fiends couldn't get the wheels turning and the precious metal is sinking back to last week's close and back under 1,320. Gold caught a bit of a relief rally recently after getting hammered by a scorching run up the charts by the Greenback which propped up on broad market expectations of a fourth rate hike from the US Fed this year, coupled with US Treasury yields marching higher as well, with the 10 year Treasury yield crossing the key 3% mark recently. Bonds have waivered recently and a slight slip in wages and income growth within the US economy has tempered market expectations of too many more rate hikes from the Fed this year, and Gold has been able to recover some of its lost footing as a result.

 Secondary aluminium alloy export prices to go up on tightened supply - 

China’s secondary aluminium exports prices are likely to rise further in the short term as the month-long operation suspension of China Certification and Inspection Group (CCIC) at North America in May would significantly slash aluminium scrap imports from the US and shrink secondary aluminium exports as a result, SMM believes. The authority began to impose broad-based inspections on all scrap materials imported from the US from May 4 and put CCIC’s operations at North America under A-level risk alert for one month. This in effect means China would not be able to import scrap from the US due to a lack of CCIC certificate for one month.

Nickel price to be pressured by lower nickel sulphate prices - 

SMM takes a bearish outlook on nickel prices in May and June as optimism from nickel sulphate for the battery industry weakened. Whether pressure will emerge from the nickel pig iron (NPI) side in the stainless steel industry remains to be seen. The price gap between China's battery-grade nickel sulphate in nickel content and nickel cathode will continue to narrow in May. The gap was once narrowed to 15,000 yuan/mt in early May as nickel sulphate prices declined due to fewer purchases from ternary precursor plants. The lower profits of ternary precursor plants than that of nickel sulphate producers also accounted for the drop in nickel sulphate prices.

Oil Prices Recede On Opposition Against Iran Sanctions, Surge In U.S. Drilling -

 Oil prices on Monday morning in Asia receded from last week’s multi-year highs as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while a relentless climb in U.S. drilling activity pointed to further increases in output.Germany has said it will protect its companies from U.S. sanctions, and Iran has said French oil giant Total has yet to pull out of its fields. Meanwhile, China seems ready to fill the void created by the U.S. Still, oil prices remained near more than three-year-highs reached last week as traders expect Iran’s oil exports to fall significantly once U.S. sanctions bite later this year. Around a million barrels of oil a day is likely to disappear, threatening to tip the oil market into undersupply. The sanctions come amid an oil market that has already been tightening due to rising demand in Asia and efforts led by top exporter Saudi Arabia and top producer Russia to withhold oil supplies and prop up prices.


 Forex trading tips        stock market tips         Share Tips Expert

Capitalstars Opening Bell : 11 may 2018

CS OPENING BELL:

NIFTY SPOT UP 21 @ 10737

SENSEX DOWN 2  @ 35245

BANK NIFTY FUTURES UP 42  @ 26115

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES2: 10875

RES 1:10810

SUP1:10700

SUP2:10650

 CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES 2: 26420

RES 1: 26320

SUP1: 26000

SUP2: 25900

 Forex trading tips        stock market tips         Share Tips Expert

Indices range-bound, Nifty near 10,750 mark; IT stocks gain

The markets pared their morning gains and were moving in a narrow range on Thursday amid firm global indices. Corporate results for the March 2018 quarter, global crude oil prices and rupee will continue to impact market sentiment during the day.

In results, Apollo Tyres, Asian Paints, Chennai Petroleum Corporation, Mphasis, Nestle India and Union Bank of India are among the few companies that are likely to announce their March 2018 quarter earnings later in the day.

On Wednesday, the rupee tumbled to a low of 67.48 before closing at fresh 15-month low of 67.27, down by 15 paise against the dollar, due to growing concerns over surging crude prices and foreign capital outflows.

Global crude oil prices rose about three per cent on Wednesday and hit fresh three-and-half-year high. This was after a bigger-than-expected drawdown in US oil inventories which extended gains from Trump admin’s decision to quit a nuclear deal with Iran.

For Get Details Click here -  Forex trading tips        stock market tips         Share Tips Expert 

Contact us - 07316690000, 9977499927

Capitalstars Opening Bell : 9 may 2018

CS OPENING BELL:

NIFTY SPOT DOWN 7 @ 10709

SENSEX UP 8 @ 35221

BANK NIFTY FUTURES DOWN 33  @ 26009

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES2: 10850

RES 1:10770

SUP1:10650

SUP2:10600

 CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH

RES 2: 26250

RES 1: 26150

SUP1: 25900

SUP2: 25800

 Forex trading tips        stock market tips         Share Tips Expert