The daily equity report from CapitalStars Financial Research Pvt. Ltd summarizes the performance of the Indian equity market on February 2nd, 2015. Key points include: - The Nifty index ended lower, breaking a ten-day winning streak as investors took profits at higher levels following lower than expected earnings from companies like Dr Reddy's and ICICI Bank. - NTPC rose over 1% after its quarterly net profit increased while Coal India fell nearly 4% following the completion of the government's sale of a 10% stake in the company. - Asian shares wavered and European shares edged higher, while US stock futures pointed to a lower opening on Wall Street.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT
2ND
FEBRUARY 2015

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK ended the session on a lower
note with Nifty breaking ten-day winning streak as investors
turned cautious and booked profits at higher levels. Also,
lower than expected corporate earnings posted by blue chip
companies such as Dr Reddy’s Lab, ICICI Bank
 Further, NTPC rose 1.37% after company's net profit rose
7.43% to Rs3074 crore on 1.27% declined in total income to
Rs19339.37 crore in Q3 December 2014 over Q3 December
2013.
 Coal India fell 3.87% after the government's sale of a 10%
stake in Coal India, the largest coal producer in the world, was
fully covered by mid-afternoon, helped by strong demand
from portfolio investors, data from stock exchanges showed.
GLOBAL FACE
 Asian shares wavered between positive and negative
territory, as a late earnings-led surge on Wall Street helped
counter persistent concerns over global growth and sagging
Chinese shares.
 European shares edged higher and headed for its best monthly
performance in three years, with positive German retail sales
data improving sentiment and helping the benchmark DAX
index
 US stock index futures poised for a lower opening at the Wall
Street on Friday.
INDICES CLOSE PREVIOUS
SENSEX 29182.95 29681.77
NIFTY 8808.90 8952.35
ASIAN MARKET
INDICES CLOSE PREVIOUS
NIKKEI 17,674.39 17,606.22
HANG SENG 24,507.05 24,595.85
KOSPI 1,949.26 1,951.02
SECTORIAL INDICES
INDICES CLOSE CHANGE (%)
CNX 100 8,794.95 -1.45
S&P CNX 500 7,166.70 -1.25
CNX MIDCAP 13,124.10 -0.42
CNX 200 4,542.00 -1.33
BANK NIFTY 19843.75 -3.34
TOP GAINERS
SCRIPT CLOSE CHANGE (%)
HCLTECH 1794.35 8.82
TATAPOWER 91.40 3.69
DLF 171.05 2.64
BPCL 751.00 2.34
TOP LOSERS
SCRIPT CLOSE CHANGE (%)
BANKBARODA 192.20 -11.49
SBIN 309.30 -5.41
ICICBANK 360.25 -5.27
PNB 189.25 -4.95

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
8417 8638 8723 8860 8945 9081 9303
NIFTY
SUPPORT RESISTANCE
S1-8785 R1-8950
S2-8705 R2-9015
BANK NIFTY FUTURE
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
18511 19360 19677 20208 20526 21057 21906
BANK NIFTY
SUPPORT RESISTANCE
S1-19825 R1-20475
S2-19555 R2-20625
SCRIPT CLOSE
CHANGE
(%)
WIPRO 606.55 0.64
NTPC 143.65 1.27
HCL TECH 1791.75 8.66
BHEL 291.75 1.34
MARKET MOVERS DOWNSIDE
SCRIPT CLOSE
CHANGE
(%)
TCS 2482.05 [2.46]
ONGC 351.35 [0.16]
RELIANCE 915.25 [1.52]
ITC 368.55 [0.45]
FII & DII ACTIVITY
INSTITUTION
NET BUY
(CR.)
NET SELL
(CR)
FII 6145.72 6917.27
DII 2281.99 2319.59
NSE TOTALS
INDICES ADVANCES DECLINES
NIFTY 16 34
BANK NIFTY 0 12

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
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MARKET TALKS
Rs7500 crore. Proceeds from the issue will be utilized to fund a
portion of the ongoing capital expenditure, increase investments
in subsidiaries to support future growth opportunities.
 Bharti Airtel falls 2% on stake sale
plans to Kotak Bank
Shares of Bharti Airtel falls 2% to Rs368.80 on NSE on plans to
sell 19.39% stake in its payment banking venture to Kotak
Mahindra Bank – Positive for Kotak Bank as well as Bharti Airtel
Bharti Airtel announced that it’s wholly owned subsidiary Airtel M
Commerce Services Limited (AMSL) is seeking to convert its
existing Prepaid Payment Instrument license into a Payments
 Government to infuse funds into
stalled road projects
The road ministry has proposed to allow road developers to
borrow additional funds from the NHAI required to complete
stalled projects at a rate lower than that offered by banks. The
move if implemented will help the execution of stalled projects
which were unable to complete owing to want of funds and banks
unable to lend additional loans. The development is positive for
the road sector especially players like IRB Infrastructure.
 SpiceJet board approves up to $243
mn share sale plan
SpiceJet said that its board has approved selling shares worth up to
Rs15 billion ($242.6 million) in the company, following a deal between
its current majority owner and a co-founder leading a rescue plan.
Ajay Singh, who helped found the airline in 2005, agreed this month to
buy a controlling stake from billionaire majority owner Kalanithi
Maran's Sun Group in a bid to turn around the money-losing airline.
 Igarashi Motors open offer priced at
Rs307.92/share
Rico Igarashi Motors open offer priced at Rs307.92/share (10%
discount to CMP Rs337); sentimentally negative. lgarashi Electric
Works Limited, Japan and MAPE Advisory Group Private Limited
have agreed to buy the entire stake of 97.9% held by Blackstone
Capital in Agile Electric Sub Assembly Private Limited (Igarashi
Promoter) which has triggered the open offer.
 Tata Motors to raise Rs7,500 crore via
rights issue
Tata Motors management has proposed a rights issue to the tune of
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