2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report INDIAN MARKET
INDIAN FACE
INDIAN EQUITY BENCHMARK rose to record highs on Monday after the prospect of further policy stimulus in China and Europe whetted risk appetite globally, while expectations of more reforms during the ongoing winter session of parliament also helped. The BSE Sensex and the CNX Nifty ended 0.58%-0.62% higher each.
Further, Power Grid Corporation of India lost 2.90% after the RBI placed restrictions on further purchases of shares of the company by foreign portfolio investors.
Crompton Greaves surged 4.37%, after Avantha Power & Infrastructure signed a Memorandum of Understanding with Adani Power for sale of power plant.
GLOBAL FACE
Asian share markets were broadly higher as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding.
European shares inched higher in early trading as mergers and acquisitions fever helped the market extend the previous session's sharp rally.
US stock index futures poised for a higher opening at the Wall Street on Monday.
INDICES
CLOSE
PREVIOUS
SENSEX
28499.54
28334.63
NIFTY
8530.15
8477.35 ASIAN MARKET
INDICES
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PREVIOUS
NIKKEI
17357.51
17300.86
HANG SENG
23893.14
23437.12
KOSPI
1978.54
1964.84 SECTORIAL INDICES
INDICES
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CHANGE (%)
CNX 100
8491.80
0.58
S&P CNX 500
6880.80
0.49
CNX MIDCAP
12297.90
0.36
CNX 200
4361.80
0.54
BANK NIFTY
18281.95
1.25 TOP GAINERS
SCRIPT
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CHANGE (%)
DLF
148.25
5.59
JINDAL STEEL
149.30
4.44
TATA POWER
91.90
4.31
INFY
4276.00
3.13 TOP LOSERS
SCRIPT
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CHANGE (%)
POWER GRID
142.95
-2.46
CIPLA
617.05
-1.59
RELIANCE
983.80
-1.39
ACC
1451.50
-0.92
3. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report MARKET MOVERS UPSIDE
NIFTY SPOT TREND STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
8430
8474
8502
8518
8546
8562
8606 NIFTY SUPPORT RESISTANCE
S1-8495
R1-8535
S2-8460
R2-8610 BANK NIFTY FUTURE TREND STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
17871
18065
18190
18260
18385
18454
18649 BANK NIFTY SUPPORT RESISTANCE
S1-18125
R1-18175
S2-17920
R2-18395
SCRIPT
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CHANGE (%)
TCS
2657.70
1.36
INFOSYS
4275.10
3.11
SBIN
308.85
1.1
HDFC BANK
945.20
1.32 MARKET MOVERS DOWNSIDE
SCRIPT
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CHANGE (%)
ONGC
380.90
[0.63]
RELIANCE
985.35
[1.24]
ITC
374.95
[0.32]
SUN PHARMA
835.80
[0.62] FII & DII ACTIVITY
INSTITUTION
NET BUY (CR.)
NET SELL (CR)
FII
4382.65
407.42
DII
1606.27
162.78 NSE TOTALS
INDICES
ADVANCES
DECLINES
NIFTY
30
20
BANK NIFTY
9
3
4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report r MARKET TALKS
FII limit reaches trigger level. The FII investor limit in Power Grid Corporation has reached the trigger level and foreign investors can purchase further shares only upon getting the RBI's approval.
Tata Steel’s Thai unit expects net profit for 2014-15
Tata Steel’s Thai unit expects net profit for 2014-15; Sentimentally positive .It expects to post a net profit for the FY2015, bouncing back from a H1FY2015 loss by boosting sales of high-margin products. During H1FY2015, it reported a net loss of USD2.14mn due to weak construction demand and the impact of imports of steel bar products from China.
ICICI Bank gains 2% on stock split plans
ICICI bank announced the record date for the proposed stock split at December 5, 2014 on Friday, post which the stock jumped by 2.5 per cent. Today the stock gained another 2 per cent as the stock rallied to a fresh all-time high of Rs 1,770. The stock is now up 1.8 per cent at Rs 1,766, and around 142,000 shares have changed hands at the counter so far on the BSE.
SBI to come up with roadmap for merger of subsidiaries
SBI Chief Mrs Arundhati Bhattacharya said that, the bank will come out with roadmap of merger of its associate banks in a month’s time. The merger of associate banks with result in further expansion in market share and hence will be positive for bank over medium to long term
Sun Pharma-Ranbaxy: Court approves merger
The Gujarat High Court has approved the proposed merger of Sun Pharma and Ranbaxy. However, a crucial clearance from (CCI) and competition commission in US remains pending. A representative from CCI earlier disclosed to media that the CCI would take decision on merger by end of this month. Nonetheless, the approval of Gujarat High Court is a positive development for the company
Power Grid falls 3% as FII limit reaches trigger level
Power Grid fall 3% to Rs141 on NSE in otherwise strong Markets as
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