- The Indian equity market ended lower as state-run banks fell due to a lack of announcements from a recent banking conference. Technology stocks also declined. - Two companies - Ashok Leyland and B L Kashyap and Sons rose over 5% each due to positive company announcements about sales and debt restructuring. - Asian stocks ended mixed amid concerns over Greece's future in the euro zone and weak manufacturing data from Europe and Asia.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT
6th
January 2015

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK edged lower on state-run
lenders fell on disappointment over a lack of significant
announcements after a two-day banking conclave attended
by Prime Minister Narendra Modi, while technology stocks
also fell. The S&P BSE Se nsex and CNX Nifty ended 0.16%-
0.20% lower each.
 Further, Ashok Leyland rose 8.33%, after the company said
its total sales jumped 48% to 9,290 units in December 2014
over December 2013.
 B L Kashyap and Sons surged 5.61%, after the company said
that the proposal of the company regarding the restructuring
of its debt has been approved by the CDR Empowered Group
of Corporate Debt Restructuring Cell.
GLOBAL FACE
 Asian stocks ended mixed amid choppy trade on the first
trading day of the week, as a raft of sluggish manufacturing
surveys released across Europe and Asia over the past week
curbed risk appetites.
 Worries over Greece's future in the euro zone kept shares
under pressure on even as fresh multi-year lows for the euro
and crude oil gave a boost to travel and consumer-goods
stocks.
 US stock index futures poised for a lower opening at the Wall
Street on Monday.
INDICES CLOSE PREVIOUS
SENSEX 27842.32 27887.90
NIFTY 8378.40 8395.45
ASIAN MARKET
INDICES CLOSE PREVIOUS
NIKKEI 17408.71 17450.77
HANG SENG 23721.32 23857.82
KOSPI 1915.75 1926.44
SECTORIAL INDICES
INDICES CLOSE CHANGE (%)
CNX 100 8383.35 0.20
S&P CNX 500 6857.45 0.13
CNX MIDCAP 12710.70 0.09
CNX 200 4333.95 0.17
BANK NIFTY 19017.40 0.21
TOP GAINERS
SCRIPT CLOSE CHANGE (%)
MARUTI 3448.00 2.63
TATA MOTORS 524.10 2.40
TATA STEEL 417.95 1.75
LT 1559.00 1.59
TOP LOSERS
SCRIPT CLOSE CHANGE (%)
DLF 135.45 -2.69
DRREDDY 3146.00 -2.34
BHARTIARTL 357.20 -2.15
HINDALCO 157.00 -1.94

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
8268 8354 8389 8440 8475 8526 8612
NIFTY
SUPPORT RESISTANCE
S1-8405 R1-8520
S2-8355 R2-8595
BANK NIFTY FUTURE
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
18835 19006 19073 19177 19244 19348 19519
BANK NIFTY
SUPPORT RESISTANCE
S1-19105 R1-19295
S2-18950 R2-19415
SCRIPT CLOSE
CHANGE
(%)
ONGC 353.15 1.13
ITC 369.75 0.39
ICICI BANK 363.05 0.21
SUNPHARMA 826.75 0.06
MARKET MOVERS DOWNSIDE
SCRIPT CLOSE
CHANGE
(%)
TCS 2540.25 [1.52]
RELIANCE 875.85 [1.1]
COAL INDIA 380.25 [0.39]
SBIN 312.75 [0.79]
FII & DII ACTIVITY
INSTITUTION
NET BUY
(CR.)
NET SELL
(CR)
FII 2569.89 2097.89
DII 1098.28 1674.02
NSE TOTALS
INDICES ADVANCES DECLINES
NIFTY 22 28
BANK NIFTY 6 6

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
r
MARKET TALKS
Upside in near term even though the stock appears attractive on
fundamental basis.
 L&T rises on securing orders worth
Rs4006 crore
L&T rose nearly 2% after L&T Construction won orders worth
Rs4006 crore in the month of December 2014 in both the domestic
and international markets. The transportation infrastructure
business secured orders worth Rs2053 crores, while the water &
renewable energy businesses secured new orders worth Rs729
crores. Further, Power Transmission & Distribution Business
secured new orders worth Rs668 crores. We continue to be positive
on L&T and retain our Buy rating with a target price of Rs1840.
 Tata Chemical aims big in
nutraceuticals mfg facility
Tata Chemicals Limited, which is set to launch the Rs50-crore
nutraceuticals manufacturing facility shortly, plans to introduce retail
products in this category in future. The plant initially will have a
capacity of 300 tonnes annually and would scale up to 1,000
tonnes. The company will focus at making oligosaccharides,
sweeteners, anti-obesity products through green routes
 Jindal Photo gains 4% on merger
plans
Jindal Photo surged 4% on the bourses on merger plan. The stock
opened at Rs219 and hit a high of Rs235.90 on NSE so far. A
meeting of the board of directors of the company will now be held
on Jan 12, 2015 to discuss and approve a Scheme of Arrangement
between the Company and Jindal Poly Films Limited. Earlier, on
Dec 29, 2014, the board of directors of the both the companies had
deferred the aforesaid matter for further consideration
 Bharat Forge acquires French
company in Oil and Gas sector
Bharat Forge acquires French company in the Oil and Gas sector;
positive for Bharat Forge Indian forging major, Bharat Forge has
acquired 100% stake in Mecanique Generale Langroise (MGL),
which is a France based company for Euro 11.8mn. MGL is into
precision machining and other high value processes such as
cladding for critical oil and gas applications.
 LIC sells 2 lakh shares in Axis Bank
Going ahead news on further dilution of SUUTI stake could cap
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