The daily equity report from CapitalStars Financial Research provides an overview of the decline in the Indian equity market benchmarks from record highs due to concerns over the US Federal Reserve raising interest rates. It also summarizes company news announcements and provides analysis of sector performances, top gainers and losers, and recommendations on trading strategies.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT 11TH SEPTEMBER 2014

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK retreated for the second straight day from record highs on concerns that foreign funds may start trimming their exposure to emerging markets if the US Federal Reserve hikes interest rates sooner-than- expected. Further, the weak rupee also weighed on market sentiment.
 Further, Wockhardt said a meeting of the board of directors of the company will be held on September 15, 2014, to consider and approve amalgamation of two wholly owned subsidiaries.
 Tata Steel said its 6 MTPA steel plant at Kalinga Nagar in Odisha's Jajpur district will be commissioned by March 2015. The company is also planning to start work on its ferro-alloy plant at Gopalpur in Ganjam district next year.
GLOBAL FACE
 Asian stock markets shares fell, tracking the U.S. overnight and with the dollar surrendering some gains.
 European stocks were lower, as ongoing tensions between Russia and Ukraine coupled with concerns that the U.K. may be heading for a split weighed on market sentiment.
 U.S. stocks market fell as concerns brewed that the Federal Reserve will hike interest rates sooner than later, though Apple stocks advanced earlier after the tech giant unveiled two new phone models as well as a smart watch.
INDICES
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PREVIOUS
SENSEX
27057.41
27265.32
NIFTY
8094.10
8152.95 ASIAN MARKET
INDICES
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PREVIOUS
NIKKEI
15788.78
15749.15
HANG SENG
24705.36
25190.45
KOSPI
2049.41
2056.26 SECTORIAL INDICES
INDICES
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CHANGE (%)
CNX 100
8053.25
-0.71
S&P CNX 500
6543.85
-0.50
CNX MIDCAP
11754.70
-0.19
CNX 200
4141.05
-0.58
BANK NIFTY
16180.60
0.15 TOP GAINERS
SCRIPT
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CHANGE (%)
IDFC
145.60
2.57
ICICI BANK
1576.95
2.02
SSLT
287.10
1.88
POWERGRID
136.50
1.83 TOP LOSERS
SCRIPT
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CHANGE (%)
CARIN
333.20
-2.53
BPCL
676.70
-2.30
HEROMOTOCO
2687.95
-2.24
COAL INDIA
372.65
-2.10

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
7999
8052
8077
8106
8130
8160
8213 NIFTY SUPPORT RESISTANCE
S1-8080
R1-8135
S2-8035
R2-8175 BANK NIFTY FUTURE TREND STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
15886
16047
16152
16209
16314
16371
16533 BANK NIFTY SUPPORT RESISTANCE
S1-16105
R1-16295
S2-15960
R2-16385
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CHANGE (%)
ICICI BANK
1570.70
1.61
BHARTI AIRTL
408.00
0.47
SSLT
286.25
1.58
POWERGRID
136.35
1.72 MARKET MOVERS DOWNSIDE
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CHANGE (%)
TCS
2594.00
[1.42]
ONGC
446.30
[0.69]
RELIANCE
1016.00
[1.65]
ITC
351.10
[1.98] FII & DII ACTIVITY
INSTITUTION
NET BUY (CR.)
NET SELL (CR)
FII
5200.31
5007.75
DII
1020.68
1772.77 NSE TOTALS
INDICES
ADVANCES
DECLINES
NIFTY
17
33
BANK NIFTY
5
7

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report r MARKET TALKS
offload 5% stake in the company this month and provide more incentives to retail investors to increase their participation.
 United Spirits slips 2% post 3 independent directors' exit
Shares of United Spirits fell more than 2 percent after three independent directors quit the board. Credit Suisse has also said that the business operation is deteriorating. According to report, three independent board members at USL are leaving, putting more pressure on the company’s majority shareholder Diageo Plc to quickly improve corporate governance at India’ largest liquor company.
 ITC slips 2%, govt may impose tighter norms on smoking
Shares of ITC fell 2 percent on government’s tighter norms to put a check on smoking. According to a media report, the government may also ban sale of loose cigarettes. The report states that an expert panel headed by Delhi government’s former principal secretary Ramesh Chandra has submitted its observations to the health minister.
 IDFC to raise Rs. 850-1,000 cr via QIP
IDFC is looking at a QIP offering of anything between Rs 850- Rs.1000 crore. IDFC is likely to benefit substantially from RBI guidelines that exclude long-term infrastructure bonds from regulatory reserve requirements and lending against such bonds from priority sector requirements.
 ABG Shipyard up 17% on initial CDR infusion of Rs 650 cr
Shares of ABG Shipyard are flying off the shelves as it awaits Rs 650 crore infusion from banks as part of its corporate debt restructuring package. The private sector shipbuilder which is under a CDR, will receive Rs. 650 crore infusion from lenders by this month-end as part of the Rs. 10,000-crore debt recast deal worked out in March.
 SAIL falls on reports of stake sale
SAIL dipped over 2%, on reports the government is proposing to
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