Capitalstars Opening Bell ; 30 Oct 2018

CS OPENING BELL:

NIFTY SPOT DOWN 5 @10245
SENSEX SPOT DOWN 13 @34054
BANK NIFTY FUTURES UP 56 @25092

CS NIFTY FUTURES (NOV ) OVERVIEW

TREND BEARISH
RES2: 10400
RES 1:10270
SUP1:10100
SUP2:9950

CS BANK NIFTY FUTURES (NOV ) OVERVIEW

TREND BULLISH
RES 2: 25550
RES 1: 25200
SUP1: 24800
SUP2: 24410

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Capitalstars Opening Bell : 29 Oct 2018

CS OPENING BELL:

NIFTY SPOT UP 6 @10036
SENSEX SPOT UP 37 @33386
BANK NIFTY FUTURES UP 17 @24504

CS NIFTY FUTURES (NOV ) OVERVIEW

TREND BEARISH
RES2: 10400
RES 1:10230
SUP1:10030
SUP2:9950


CS BANK NIFTY FUTURES (NOV ) OVERVIEW

TREND BULLISH
RES 2: 25100
RES 1: 24800
SUP1: 24440
SUP2: 24100

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Capitalstars Opening Bell : 26 oct 2018

CS OPENING BELL:

NIFTY SPOT DOWN 51 @10073
SENSEX SPOT DOWN 139 @33550
BANK NIFTY FUTURES DOWN 148 @24804

CS NIFTY FUTURES (OCT ) OVERVIEW

TREND BEARISH
RES2: 10400
RES 1:10230
SUP1:10060
SUP2:9980

CS BANK NIFTY FUTURES (OCT ) OVERVIEW

TREND BULLISH
RES 2: 25550
RES 1: 25100
SUP1: 24760
SUP2: 24750

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Sensex ends over 300 points lower, Nifty above 10,100 at end of October series; Airtel down 7%.

The market remained under pressure throughout the session but recovered a bit at the end of October F&O expiry day.
The Sensex was down 343.87 points at 33690.09, while Nifty was down 99.90 points at 10124.90. About 930 shares have advanced, 1559 shares declined, and 1121 shares are unchanged.

Barring IT, all the other sectoral indices ended in red.
Wipro, Coal India, Kotak Mahindra Bank, ITC, Asian Paints are the top gainers on the Sensex, while Bharti Airtel, Vedanta, Yes Bank, Tata Motors and Sun Pharma are the top losers on the Sensex.

HEADLINES OF THE DAY

Praj Industries Q2 numbers: Company's consolidated net profit rose 88.6 percent at Rs 8.9 crore against Rs 4.7 crore. Revenue was up 20.8 percent at Rs 251 crore against Rs 208 crore.

V-Guard Q2 result: The company's Q2 net profit was down 18 percent at Rs 38.2 crore versus Rs 46.5 crore. Revenue was up  6 percent at Rs 598 crore versus Rs 564 crore.

BHEL approves buyback: The company approved share buyback of 18.93 crore shares at Rs 86 apiece, which is upto Rs 1,628.3 crore.
Kajaria Ceramics's second quarter consolidated profit fell 11.2 percent year-on-year to Rs 50.6 crore on weak operational earnings, but revenue grew by 8.1 percent to Rs 725.3 crore.

Maruti Suzuki, the country's largest car maker, has reported a 9.8 percent on year degrowth in second quarter profit to Rs 2,240.4 crore, dented by weak operational performance and subdued sales volume.

PVR reported a rise of 33.5 percent (year-on-year) in its net profit for the September quarter at Rs 33.02 crore. The company had reported a profit of Rs 25.17 crore during the corresponding quarter of last year.

Results to be announced tomorrow :- Atul,Coromandel Int,Dr Reddys Labs,Edelweiss,ICICI Bank,ITC,Kolte-Patil,Kirloskar Oil,Mahindra Life,Nestle,Shoppers Stop,UPL.

The crucial resistance for Nifty spot is now seen at 10280 and above this 10450 Support for the immediate term is now placed at 10110 next support will be 9900.

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Capitalstars Opening Bell : 24 Oct 2018

CS OPENING BELL:
NIFTY SPOT UP 110 @10256
SENSEX SPOT UP 337 @34185
BANK NIFTY FUTURES UP 226 @25325

CS NIFTY FUTURES (OCT ) OVERVIEW

TREND BEARISH
RES2: 10400
RES 1:10230
SUP1:10060
SUP2:9980

CS BANK NIFTY FUTURES (OCT ) OVERVIEW

TREND BULLISH
RES 2: 25550
RES 1: 25300
SUP1: 24900
SUP2: 24750

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Sensex ends 287 pts lower, Nifty below 10,150; IT, pharma indices fall 3%.

It’s curtains on this session for the market. And it has been a marginal pullback in the last hour from its low points. A fall in crude prices, which slipped to around USD 79 per barrel is likely to have impacted the movement. The Nifty has ended below 10,200-mark, while the Sensex closed over 140 points lower.

At the close of market hours, the Sensex ended lower by 287.15 points or 0.84% at 33847.23, while the Nifty closed down 98.50 points or 0.96% at 10146.80. The market breadth is negative as 822 shares advanced, against a decline of 1,747 shares, while 1,013 shares were unchanged.

IndusInd Bank, HDFC, HPCL and Indiabulls Housing were the top gainers, while Sun Pharma and Asian Paints lost the most.

HEADLINES OF THE DAY

Inox Leisure down 5%: The company has reported marginal rise in its Q2 consolidated net profit at Rs 12 crore versus Rs 11.7 crore in the same quarter last fiscal. Revenue rose 17.4 percent at Rs 365.5 crore against Rs 311.3 crore.

PPAP Automotive Q2 results: The company has registered 25 percent jump in its Q2 net profit at Rs 11.6 crore versus Rs 9.2 crore.

TVS Motor Q2 result: TVS Motor on Tuesday reported a fall of 0.9 percent (year-on-year) in its net profit for the September quarter at Rs 211.31 crore. The company had reported a profit of Rs 216.16 crore during the same quarter of last year.

Mindtree gains 2%: The stock gained nearly 2 percent after seeing correction for previous three consecutive sessions, as JPMorgan upgraded the stock to overweight on attractive valuations.

Results to be announced tomorrow :- Bajaj Auto,Bajaj Holdings,Bharat Fin,Coromandel Engg,Everest Ind,Hexaware Tech,IDFC Bank,Indiabulls Real,Jubilant Food,Jyothy Labs,Kotak Mahindra,KPIT Tech,L&T Finance,L&T Infotech,Lakshmi Vilas,M&M Financial,Wipro.

The crucial resistance for Nifty spot is now seen at 10250 and above this 10400 Support for the immediate term is now placed at 10010 next support will be 9900.

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Sensex sheds over 180 points, Nifty ends below 10,250; midcaps crack

Weakness in the last hour of trade dragged equity benchmarks to low points. The Nifty ended the session below 10,250-mark, while the Sensex shed over 180 points. Against this, the market had a strong start, with the Sensex and Nifty having risen a percent each.

Financials gave up all of their gains and were a lag on the benchmarks. Along with them, energy, IT, and metals were the big losers. Sell-off in midcaps, too, added to the weakness, with the Nifty Midcap index falling over a percent lower.

At the close of market hours, the Sensex closed down 181.25 points or 0.53% at 34134.38, while the Nifty fell 58.20 points or 0.56% at 10245.30. The market breadth was negative as 832 shares advanced, against a decline of 1,758 shares, while 980 shares were unchanged.

ICICI Bank, NTPC, Indiabulls Housing and Eicher Motors are the top gainers, while IndusInd Bank, Reliance Industries, and BPCL lost the most.

HEADLINES OF THE DAY

SBI receives approval to raise Rs5,000cr via bonds in FY19
Lupin gets USFDA nod for generic Triamcinolone Acetonide
PNB Housing Finance raises Rs1,775cr via commercial paper

The crucial resistance for Nifty spot is now seen at 10400 and above this 10530 Support for the immediate term is now placed at 10150 next support will be 10000.

RESULTS TOMORROW:  ADANIPORT, AMBUJA, BAJAJFINANCE, BAJAJFINSV, HCLTECH, HDFCLIFE, ICICIPRULI, MCX, RBLBANK, TVSMOT

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Stock market falls as NBFCs take a beating; RIL, HDFC, Infosys stocks down

Capitalstars Financial Research Pvt. Ltd.

The benchmark equity indices fell over 1 per cent for a second straight trading session as stress in the financial sector continued to weigh on investor sentiment. A slide in index heavyweights — Reliance Industries, HDFC, and Infosys — added to woes with the Sensex dropping as much as 640 points.

The biggest sell-off, however, was seen in the shares of NBFCs, particularly housing finance firms, on fears that profitability could be hit because of the liquidity tightening. Speculation that more real estate developers could default on obligations due to rising stress kept investors on tenterhooks. Shares of PNB Housing dropped 18.6 per cent and Indiabulls Housing Finance declined 17 per cent, extending its three-day fall to 30 per cent.

the country's second largest private sector lender, has reported healthy 20.6 percent on year growth in second quarter profit to Rs 5,005.73 crore, driven by NII, other income and operating income. Net interest income, the difference between interest earned and interest expended, grew by 20.6 percent to Rs 11,763.41 crore compared to same quarter last year.

Asset quality was stable for the quarter ended September 2018 as gross non-performing assets (NPA) stood flat at 1.33 percent sequentially. Net NPA fell to 0.40 percent in Q2 against 0.41 percent in June quarter.

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Sensex loses 464 pts, Nifty ends tad above 10,300; RIL, HDFC, Infosys drag

Benchmark indices closed sharply lower amid weak global cues. Reliance earnings, NBFC crisis and H1-B visa issue dented investors sentiment.

The 30-share BSE Sensex was down 463.95 points or 1.33 percent at 34,315.63 and the 50-share NSE Nifty slipped 149.50 points or 1.43 percent to 10,303.50.

HDFC, Infosys and Reliance Industries were leading contributors to the Nifty's fall.

HCL Technologies, Tech Mahindra, Indiabulls Housing Finance, Tata Motors, Axis Bank and Maruti Suzuki caught in bear trap.
HPCL, Sun Pharma and Vedanta were gainers.

Nifty Midcap index was down 1.5 percent.

PNB Housing Finance, Dewan Housing, Mindtree and Piramal Enterprises fell 8-18 percent.
NIIT Tech, Jet Airways, Biocon and Federal Bank gained 3-5 percent. Hathway Cable rose 3 percent but Den Networks lost ground on Reliance deal.

HEADLINES OF THE DAY

FII View | Foreign investors cautious on India, pharma & consumption attractive: Steven Birch.
MindTree slips over 17% as brokerage firms cut target price post Q2 results.
UltraTech Cement Q2 standalone profit down 9% at Rs 390-cr on rising energy, logistics cost.
RIL tumbles over 6% on mixed Q2 earnings; brokerages see 14-29% upside.
Results to be announced tomorrow :- HDFC Bank,ICICI Lombard.

The crucial resistance for Nifty spot is now seen at 10520 and above this 10800 Support for the immediate term is now placed at 10250 next support will be 10110.


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Capitalstars Opening Bell : 17 Oct 2018

CS OPENING BELL:

NIFTY SPOT UP 103 @10688
SENSEX SPOT UP 380 @35543
BANK NIFTY FUTURES UP 234 @25601

CS NIFTY FUTURES (OCT ) OVERVIEW

TREND BEARISH
RES2: 11280
RES 1:11140
SUP1:10910
SUP2:10800

CS BANK NIFTY FUTURES (OCT ) OVERVIEW

TREND BULLISH
RES 2: 25800
RES 1: 25550
SUP1: 24800
SUP2: 24420

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Capitalstars Opening Bell : 16 Oct 2018

CS OPENING BELL:

NIFTY SPOT UP 19 @10536
SENSEX SPOT UP 67 @34953
BANK NIFTY FUTURES UP 9 @25375


CS NIFTY FUTURES (OCT ) OVERVIEW

TREND BEARISH
RES2: 11280
RES 1:11140
SUP1:10910
SUP2:10800


CS BANK NIFTY FUTURES (OCT ) OVERVIEW

TREND BULLISH
RES 2: 25800
RES 1: 25550
SUP1: 24800
SUP2: 24420


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Capitalstars Opening Bell : 15 Oct 2018

CS OPENING BELL:

NIFTY SPOT DOWN 19 @10449
SENSEX SPOT DOWN 41 @34691
BANK NIFTY FUTURES DOWN 233 @25184


CS NIFTY FUTURES (OCT ) OVERVIEW

TREND BEARISH
RES2: 10680
RES 1:10550
SUP1:10200
SUP2:10090


CS BANK NIFTY FUTURES (OCT ) OVERVIEW

TREND BULLISH
RES 2: 25930
RES 1: 25600
SUP1: 25100
SUP2: 24800

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Capitalstars Opening Bell : 12 oct 2018

CS OPENING BELL:

NIFTY SPOT UP 138 @10371
SENSEX SPOT UP 440 @34441
BANK NIFTY FUTURES UP 397 @25225


CS NIFTY FUTURES (OCT ) OVERVIEW

TREND BEARISH
RES2: 10450
RES 1:10370
SUP1:10150
SUP2:10090


CS BANK NIFTY FUTURES (OCT ) OVERVIEW

TREND BULLISH
RES 2: 25380
RES 1: 25200
SUP1: 24790
SUP2: 24410

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Sensex ends 750 points lower, PSU banks drag Nifty below 10,250

A sell-off in global markets had its impact on the local market, as the Sensex closed over 700 points lower, while the Nifty ended just around 10,250-mark.

Weakness was visible among banking names, particularly in PSU banks along with metals, automobiles, pharmaceuticals, and IT names. A recovery in rupee from record lows failed to make any impact.

At the close of market hours, the Sensex closed down 759.74 points or 2.19% at 34001.15, while the Nifty ended lower by 225.40 points or 2.15% at 10234.70. The market breadth is negative as 824 shares advanced, against a decline of 1,736 shares, while 866 shares were unchanged.

Yes Bank, ONGC, HPCL and IOC were the top gainers, while State Bank of India, Tata Steel, Indiabulls Housing Finance and Bajaj Finserv lost the most.

HEADLINES OF THE DAY

PTC India signs deals for power supply to Bangladesh
ONGC to buy 27 rigs for up to Rs3,500cr
Yes Bank gains 3% ahead of CEO-search committee meet

The crucial resistance for Nifty spot is now seen at 10400 and above this 10530 Support for the immediate term is now placed at 10150 next support will be 10000.

RESULTS TOMORROW:  HUL, KTKBANK, TATASPONGE

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