The daily equity report from Capitalstars Financial Research Pvt. Ltd provides an overview of the Indian and global stock markets. In India, the key indices extended gains for the seventh straight session and month. Some specific stocks like Indraprastha Gas rose over 2%. Internationally, Asian markets were mixed while European stocks declined on inflation and economic data. In the US, stocks rose in light trading. The report also provides pivot points and support/resistance levels for Nifty and Bank Nifty futures.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT 1STSEPTEMBER 2014

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK extended gains for the seventh straight session and also gained for the seventh straight month, rising the most in May, after the Modi-led NDA government took charge and announced a slew of initiates that helped improve business sentiment and lifted the economy back on the growth track.
 Further, Indraprastha Gas Ltd rose over 2%, after the company signed share purchase agreement to acquire shares of Maharashtra Natural Gas.
 HCL Technologies, a leading global IT services provider today announced a strategic partnership with App Dynamics, the leader in application Intelligence IT Operations to help enterprises transform application operations.
GLOBAL FACE
 Asian stock markets with the Nikkei 225 down 0.5% following a recent rally in Tokyo that encouraged investors to step back.
 European stocks markets were lower, as Germany's Finance Minister Wolfgang Schauble dampened expectations for fresh easing measures by the European Central Bank and investors eyed the release of inflation and employment data from Germany.
 U.S. stocks market rose in listless trading, with many investors on the sidelines digesting earnings and geopolitical events while waiting for more heavy-hitting economic indicators.
INDICES
CLOSE
PREVIOUS
SENSEX
26638.11
26560.15
NIFTY
7954.35
7936.05 ASIAN MARKET
INDICES
CLOSE
PREVIOUS
NIKKEI
15459.86
15534.82
HANG SENG
24741.00
24918.75
KOSPI
2075.76
2074.93 SECTORIAL INDICES
INDICES
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CHANGE (%)
CNX 100
7880.40
0.15
S&P CNX 500
6360.75
0.09
CNX MIDCAP
11114.05
-0.41
CNX 200
4036.05
0.09
BANK NIFTY
15740.40
0.14 TOP GAINERS
SCRIPT
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CHANGE (%)
BHEL
238.30
3.99
BPCL
693.50
2.32
LT
1532.40
1.91
DRREDDY
2975.00
1.79 TOP LOSERS
SCRIPT
CLOSE
CHANGE (%)
JINDALDTEL
233.20
-4.50
DLF
177.05
-3.20
TATA POWER
86.50
-2.43
TATA STEEL
513.25
-1.90

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
7896
7925
7939
7953
7968
7982
8010 NIFTY SUPPORT RESISTANCE
S1-7940
R1-7970
S2-7915
R2-8010 BANK NIFTY FUTURE TREND STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
15509
15624
15683
15740
15798
15855
15971 BANK NIFTY SUPPORT RESISTANCE
S1-15660
R1-15800
S2-15450
R2-15975
SCRIPT
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CHANGE (%)
ONGC
435.00
1.6
RELIANCE
998.70
0.5
ITC
355.30
0.84
HDFC BANK
843.55
0.83 MARKET MOVERS DOWNSIDE
SCRIPT
CLOSE
CHANGE (%)
TCS
2522.35
[1.08]
COAL INDIA
356.10
[0.68]
INFOSYS
3598.80
[0.87]
SBI
2460.70
[1.77] FII & DII ACTIVITY
INSTITUTION
NET BUY (CR.)
NET SELL (CR)
FII
5200.31
5007.75
DII
1797.25
1560.26 NSE TOTALS
INDICES
ADVANCES
DECLINES
NIFTY
28
21
BANK NIFTY
3
9

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report r MARKET TALKS
USD 145 million) to Linc Energy to buy out the Australian firm's rights to future royalties from Adani's huge.
 Tata Motors enters Algeria with a range of passenger cars
Tata Motors announced the launch of its passenger vehicle range in Algeria. The range includes the Tata Indica and Tata Vista from the hatchback range, and the Tata Indigo and Tata Manza from the sedans. The company has appointed SPA Elsecom for distribution and marketing of the Tata passenger vehicles in Algeria. The new range is now available in dealerships for sale.
 Bajaj Auto up 2%, Deutsche Bank upgrades to hold from sell
Shares of Bajaj Auto gained as much as 2 percent on hopes of strong growth in premium motorcycles business. Deutsche Bank upgraded the stock to hold from sell earlier with a 17 percent increase in target price to Rs 2100 apiece. The rating upgrade by brokerage was on the bank of likely market share gains for Bajaj in domestic motorcycles.
 Tata Comm up on reports of foreign brokerage
Shares of Tata Communications gained over 4%, touching, on reports that a foreign brokerage has re-initiated coverage on the stock with a buy rating. The company is back on growth and profitability track and its core business turnaround will be led by enterprise data.
 RIL to save $450 mn/yr by importing ethane from US
Reliance Industries will save about USD 450 million annually by importing 1.5 million tons ethane from US for its petrochemical plant. Imported Ethane will substitute its current propane imports and a portion of naphtha used for ethylene production. Reliance recently announced its plans to import 1.5 million tons per annum of ethane from North America which will be used as a feedstock in its existing crackers in India.
 Adani buys Australia coal mine royalty rights from Linc
Adani Enterprises has agreed to pay Australian dollar 155 million
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