- The Indian equity market erased early gains and ended in the red due to profit booking, while realty stocks performed well following incentives for REITs. - JSW Steel reported an 8% rise in quarterly crude steel production. Hindalco Industries' net profit declined 48.5% despite a 21% rise in net sales. - Asian stock markets were mixed after China's June exports rose less than expected, while European stocks pointed lower as the US Federal Reserve meeting gave little indication of future interest rate rises.

1. DAILY EQUITY REPORT
11TH
july 2014

2. Daily Equity Report
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INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK erased all its early gains and
ended in the red on the back of profit booking. The realty
stocks were among the top performers after Finance Minister
announced that REITs will get pass-through entity status and
other necessary incentives.
 Further, JSW Steel reported quarterly crude steel production at
3.10 million tons for Q1 FY2014-15 showing a growth of 8%
over the corresponding quarter of previous year.
 Hindalco Industries net profit declined 48.5% to Rs 248.15
crore on 20.9% growth in net sales to Rs 8359.85 crore in Q4
March 2014 over Q4 March 2013.
GLOBAL FACE
 Asian stock markets were mixed, after data showed that
China’s exports rose less than expected in June.
 European stocks markets pointed to a lower open, after the
Federal Reserve’s latest meeting gave little indication of when
interest rates could start to rise.
 U.S. stocks markets were lower, after the release of downbeat
industrial production data from France and as the Federal
Reserve’s latest meeting gave little indication of when interest
rates could start to rise.
INDICES CLOSE PREVIOUS
SENSEX 25372.75 25444.81
NIFTY 7567.75 7585.00
ASIAN MARKET
INDICES CLOSE PREVIOUS
NIKKEI 15216.47 15302.65
HANG SENG 23238.99 23176.07
KOSPI 2002.84 2000.50
SECTORIAL INDICES
INDICES CHANGE (%)
CNX 100 7510.25 -0.10
S&P CNX 500 6105.20 0.02
CNX MIDCAP 10845.60 0.61
CNX 200 3864.90 -0.04
BANK NIFTY 14821.70 -0.73
TOP GAINERS
SCRIPT CLOSE CHANGE (%)
DLF 223.00 9.31
IDFC 150.75 8.10
TATA POWER 106.00 3.06
HINDALCO 175.20 2.73
TOP LOSERS
SCRIPT CLOSE CHANGE (%)
HEROMOTOCO 2450.00 -3.46
M&M 1152.00 -2.25
TCS 2345.90 -2.18
TECHM 2022.50 -2.17
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3. Daily Equity Report
r Capital stars Market Analysis & Research Team
MARKET MOVERS UPSIDE NIFTY SPOT
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
7398 7497 7541 7595 7639 7694 7792
NIFTY
SUPPORT RESISTANCE
S1-7480 R1-7730
S2-7440 R2-7810
BANK NIFTY FUTURE
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
13405 14186 14483 14966 15263 15747 16528
BANK NIFTY
SUPPORT RESISTANCE
S1-14670 R1-15450
S2-14300 R2-15725
SCRIPT CLOSE
CHANGE
(%)
ITC 342.15 0.2
COAL INDIA 369.90 1.1
HDFC 1022.85 0.7
LT 1654.75 0.2
MARKET MOVERS DOWNSIDE
SCRIPT CLOSE
CHANGE
(%)
TCS 2351.80 [1.9]
ONGC 404.00 [0.2]
RELIANCE 997.20 [0.4]
HDFC BANK 823.35 [0.8]
FII & DII ACTIVITY
INSTITUTION
NET BUY
(CR.)
NET SELL
(CR)
FII 5200.31 5007.75
DII 1620.48 1885.67
NSE TOTALS
INDICES ADVANCES DECLINES
NIFTY 18 32
BANK NIFTY 3 9
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CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP)
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4. Daily Equity Report
r
Capital stars Market Analysis & Research Team
MARKET TALKS
Minister Arun Jaitley has raised the personal income-tax exemption
limit by Rs. 50,000/- that is, from Rs. 2 lakh to Rs. 2.5 lakh in the
case of individual taxpayers, below the age of 60 years .
 Welspun India allots equity shares
Under ESOP
Welspun India has announced that the Finance and Administration
Committee of the Board of Directors at its meeting held on July 09,
2014 allotted 18,500 equity shares to the employees of the
Company who had exercised their options under ESOP scheme of
the Company.
 ITC up 1.5% even though FM hikes
excise duty on cigarettes
Shares of ITC are up 1 percent as Finance Minister Arun Jaitley has
hiked excise duty on cigarettes by 11-72 percent. The hike seems
to have already been factored in by investors, as health minister
had earlier demanded for a 100 percent hike excise duty on
cigarettes.
 Bharti Airtel divest 3100 African
tower in 4 countries
Bharti Airtel has divested its portfolio of 3100 tower spread across 4
countries to Helios Tower Africa. Post the deal, Bharti would utilize
the services of these tower via leasing from Helios, thus operational
performance remains unaffected.
 Budget 2014-15: Farms Credit target
raised to Rs. 8 lakh crore
The Finance Minister Arun Jaitley while presenting his maiden
Budget in Lok Sabha said that bank are providing strong credit
support to the agriculture sector. A target of Rs 8 lakh crore has
been set for agriculture credit during 2014-15 which he is confident
that the banks will surpass in the current financial year.
 Income tax exemption limit raised to
Rs 2.5 lakh
The General Budget 2014-15 presented by the Union Finance
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