CS OPENING BELL:27, February 2017

CS OPENING BELL:

NIFTY SPOT DOWN  7@8932

SENSEX DOWN 10@28882

BANK NIFTY FUTURES DOWN 65@20812

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CS NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH

RES2:9075

RES 1:9025

SUP1:8925

SUP2:8885

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CS BANK NIFTY FUTURES (MARCH) OVERVIEW

TREND BULLISH

RES 2:21125

RES 1:21025

SUP1:20755

SUP2:20425

WWW.CAPITALSTARS.COM +917316790000

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SBI should look at VRS post merger of associate banks: AIBEA: -25 February, 2017

The State Bank of India should come with a voluntary retirement scheme after considering the overall staffing picture after merger of five associate banks instead of the five announcing such a scheme before the merger, said the leader of a major bank union. 

"The five associate banks of State Bank of India (SBI) will soon come out with a voluntary retirement scheme (VRS) as their boards have approved the a scheme. The scheme will be introduced and closed before April 1, 2017, the day on which the merger takes into effect," All India Bank Employees' Association (AIBEA) General Secretary C.H.Venkatachalam told IANS here on Friday.

According to him, launching a VRS for the employees of the five associate banks alone is not fair as those who do not opt for retirement and land in the SBI may feel disadvantaged psychologically from day one of the merger. 

Venkatachalam said branch and staff rationalisation could be look at by the SBI post merger after taking into account an overall view of the operations. On Thursday, the SBI in a regulatory filing in BSE said: "We advise that the Government of India has issued the orders ...under subsection of Section 35 of the State Bank of IndiaAct, 1955... In terms of the said orders, the entire undertaking of SBBJ (State Bank of Bikaner &Jaipur), SBM (State Bank of Mysore), SBT (State Bank of Travancore), SBP (State Bank of Patiala) and SBH (State Bank of Hyderabad) shall stand transferred to and vested in the State Bank of India from April 1, 2017.

" The cabinet approved acquisition of associate banks by SBI on February 15. 

According to Venkatachalam, those employees (clerks and officers) who have put in 20 years of service or have completed 55 years of age may be made eligible to opt for VRS. 

He said the VRS will be open for 15 days from the date of announcement and employees have to exercise their option within that time limit. 

The VRS quantum may be 50 per cent of the salary for the remaining period of service subject to a maximum of 30 months salary. 

Venkatachalam said the bank may restrict the number of employees opting for VRS depending on the staffing needs. 

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SBI to merge with associates from April 1 -24 February, 2017

State Bank of India (SBI) will merge its five associate banks with itself from April 1, in the largest consolidation exercise in the banking history of India.

State Bank of India   (SBI) will merge its five associate banks with itself from April 1, in the largest consolidation exercise in the banking history of India. 

After the government notified April 1 as the effective date of merger, SBI today said in a regulatory filing, “The assets of State Bank of Bikaner and Jaipur   (SBBJ),State Bank of Mysore   (SBM), State Bank of Travancore   (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) will be transferred to SBI from April 1,2017.” 

Merging of another state-run lender Bhartiya Mahila Bank into SBI hasn’t been finalised yet. 

With the merger of all the five associates, SBI is expected to become one of the top 50 banks in the world with a balance sheet size of over Rs 32 lakh crore (about USD 500 billion), 22,500 branches and 58,000 ATMs. It will have a customer base of over 50 crore. 

Following the SBI merger, officers and employees, with the exception of the board of directors and executive trustees of the associate banks, will become employees of SBI. 

SBI will soon start the process of data integration, streamlining its IT (information technology) platform, rationalise 20 percent of its branches, integrate its five treasury operations into one and getting the employees on the SBI payscale among other things. The integration should be completed in the first half of FY18.

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CS OPENING BELL:23, February 2017

CS OPENING BELL:

NIFTY SPOT UP 25@8955

SENSEX UP 87@28952

BANK NIFTY FUTURES UP 15@20875

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:9055

RES 1:8995

SUP1:8850

SUP2:8775

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:21125

RES 1:20950

SUP1:20595

SUP2:20275

WWW.CAPITALSTARS.COM +917316790000

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CS OPENING BELL:22, February 2017

CS OPENING BELL:

NIFTY SPOT UP 15@8922

SENSEX UP57@28820

BANK NIFTY FUTURES UP9@20855

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8975

RES 1:8925

SUP1:8850

SUP2:8775

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:21125

RES 1:20950

SUP1:20595

SUP2:20275

WWW.CAPITALSTARS.COM +917316790000

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CS OPENING BELL:21, February 2017

CS OPENING BELL:

NIFTY SPOT DOWN 5@8875

SENSEX DOWN 15@28655

BANK NIFTY FUTURES DOWN 9@20647

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8975

RES 1:8925

SUP1:8795

SUP2:8725

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:21125

RES 1:20950

SUP1:20420

SUP2:20125

WWW.CAPITALSTARS.COM +917316790000

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CS OPENING BELL:20, February 2017

CS OPENING BELL:

NIFTY SPOT DOWN 7@8815

SENSEX DOWN 27@28432

BANK NIFTY FUTURES DOWN 2@20520

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8975

RES 1:8925

SUP1:8795

SUP2:8725

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:21125

RES 1:20950

SUP1:20420

SUP2:20125

WWW.CAPITALSTARS.COM +917316790000

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GST Council to finalise draft model GST law tomorrow -18 February, 2017

The GST Council, which is meeting tomorrow, is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers.

The Council, headed by Finance Minister Arun Jaitley and comprising representatives of all states, is also likely to finalise the definition of 'agriculture' and 'agriculturist' as well as constitution of a 'National Goods and Services Tax Appellate Tribunal' to adjudicate disputes. 

The Law Ministry has sent the approved language and draft of the model GST Law, which outlines how the new national sales tax will be levied on goods and services. 

The law ministry-approved draft and the language have been discussed today by the Council's sub-committee comprising central and state officials. The vetted draft will then be put up before the Council at its 10th meeting scheduled to be held in Udaipur tomorrow. 

The government intends to introduce the model GST law in Parliament in the second half of the current Budget Session beginning next month, officials said. 

The government is keen to roll out the new regime from July 1 but for that, it will have to get two laws - the Central GST (CGST) Act and Integrated GST (IGST) Act -- approved by Parliament and each of the state legislatives have to pass the State GST (SGST) Act. 

The model GST law provides a common draft of CGST Act, SGST Act. Besides, there is an IGST law and Compensation law. Officials said that the government is keen to pass benefit of lower taxes to consumers and so an anti-profiteering measure has been incorporated in the draft law. 

It provides for constituting an authority to examine whether input tax credits availed by any registered taxable person, or the reduction in the price on account of any reduction in the tax rate, have actually resulted in a commensurate reduction in the price of the said goods and/or services supplied by him. 

For example, a good or service is to be levied with a GST of 5 percent. But in course of supply, a 20 percent tax is paid, whose input credit is taken. So, the final consumer will be levied only 5 percent tax and not 25 percent, as the input credit of 20 percent is already taken, an official explained. 

"This has to be declared at the time of filing returns by the taxpayer," the official said. The taxable event under GST is supply of goods and services. 

The place of supply of goods is the place where the goods are delivered, except in few cases.

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CS OPENING BELL:17, February 2017

CS OPENING BELL:

NIFTY SPOT UP 75@8855

SENSEX UP 282@28575

BANK NIFTY FUTURES UP 270@20555

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8925

RES 1:8890

SUP1:8725

SUP2:8675

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20625

RES 1:20555

SUP1:20125

SUP2:20015

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:16, February 2017

CS OPENING BELL:

NIFTY SPOT UP25@8748

SENSEX UP 88@28245

BANK NIFTY FUTURES UP 50@20255

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8925

RES 1:8890

SUP1:8725

SUP2:8675

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20625

RES 1:20555

SUP1:20125

SUP2:20015

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:15, February 2017

CS OPENING BELL:

NIFTY SPOT DOWN 4@8788

SENSEX DOWN 17@28317

BANK NIFTY FUTURES UP 25@20330

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8925

RES 1:8890

SUP1:8755

SUP2:8675

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20625

RES 1:20555

SUP1:20125

SUP2:20025

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS CLOSING BELL:15, February 2017

CS CLOSING BELL:

NIFTY SPOT UP 14 @8793

SENSEX DOWN 2 @28321

BANK NIFTY FUTURES UP 86 @20288

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CS OPENING BELL:14, February 2017

CS OPENING BELL:

NIFTY SPOT DOWN 15@8798

SENSEX DOWN 15@28337

BANK NIFTY FUTURES DOWN 12@20272

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8925

RES 1:8890

SUP1:8755

SUP2:8675

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20625

RES 1:20555

SUP1:20125

SUP2:20025

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:13, February 2017

CS OPENING BELL:

NIFTY SPOT UP 17@8812

SENSEX UP 72@28405

BANK NIFTY FUTURES UP 72@20345

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8875

RES 1:8855

SUP1:8755

SUP2:8705

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20625

RES 1:20555

SUP1:20125

SUP2:20025

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:10, February 2017

CS OPENING BELL:

NIFTY SPOT UP 40@8818

SENSEX UP 108@28428

BANK NIFTY FUTURES UP 97@20299

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8875

RES 1:8855

SUP1:8755

SUP2:8705

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20625

RES 1:20555

SUP1:20125

SUP2:20025

WWW.CAPITALSTARS.COM +917316790000

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

CS CLOSING BELL:10, February 2017

CS CLOSING BELL:

NIFTY SPOT UP 14 @8793

SENSEX DOWN 2 @28321

BANK NIFTY FUTURES UP 86 @20288

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:09, February 2017

CS OPENING BELL:

NIFTY SPOT UP 46 @8814

SENSEX UP 154 @28349 

BANK NIFTY FUTURES UP 45 @20406

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8875

RES 1:8855

SUP1:8755

SUP2:8705

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20625

RES 1:20555

SUP1:20275

SUP2:20075

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS CLOSING BELL:09, February 2017

CS CLOSING BELL:

NIFTY SPOT UP 13 @8781
SENSEX UP 69@28336
BANK NIFTY FUTURES DOWN 153 @20207
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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS OPENING BELL:08, February 2017

CS OPENING BELL:

NIFTY SPOT UP 5@8772

SENSEX UP 10@28345

BANK NIFTY FUTURES UP 2@20382

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8875

RES 1:8855

SUP1:8755

SUP2:8705

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20625

RES 1:20555

SUP1:20275

SUP2:20075

WWW.CAPITALSTARS.COM +917316790000

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

CS OPENING BELL:07, February 2017

CS OPENING BELL:

NIFTY SPOT DOWN 5@8795

SENSEX DOWN 10@28427

BANK NIFTY FUTURES DOWN 27@20395

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8875

RES 1:8855

SUP1:8775

SUP2:8725

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20625

RES 1:20555

SUP1:20325

SUP2:20175

WWW.CAPITALSTARS.COM +917316790000

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

CS OPENING BELL:06, February 2017

CS OPENING BELL:

NIFTY SPOT UP 45 @8787

SENSEX UP 157@28405

BANK NIFTY FUTURES UP128@20385

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8825

RES 1:8785

SUP1:8695

SUP2:8625

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20475

RES 1:20350

SUP1:19925

SUP2:19725

WWW.CAPITALSTARS.COM +917316790000

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

CS OPENING BELL:03, February 2017

CS OPENING BELL:

NIFTY SPOT DOWN 2@8730

SENSEX DOWN 5@28222

BANK NIFTY FUTURES DOWN 19@20097

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8825

RES 1:8775

SUP1:8625

SUP2:8575

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20325

RES 1:20195

SUP1:19870

SUP2:19725

WWW.CAPITALSTARS.COM +917316790000

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS CLOSING BELL:03, February 2017

CS CLOSING BELL:

NIFTY SPOT UP6@8740

SENSEX UP 12@ 28240

BANK NIFTY FUTURES UP 142@20260

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CS OPENING BELL:02, February 2017

CS OPENING BELL:

NIFTY SPOT DOWN 10@ 8705

SENSEX DOWN 12@ 28135

BANK NIFTY FUTURES DOWN 30@20075

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CS NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES2:8825

RES 1:8760

SUP1:8625

SUP2:8575

WWW.CAPITALSTARS.COM +91731679000

CS BANK NIFTY FUTURES (FEB) OVERVIEW

TREND BULLISH

RES 2:20325

RES 1:20125

SUP1:19870

SUP2:19725

WWW.CAPITALSTARS.COM +917316790000

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