- Indian stock markets rose recovering from recent lows as hopes grew that the US Fed would maintain stimulus measures boosting exporters like Infosys. Apollo Tyres gained after announcing plans to rescue its South African operations. - Asian markets turned mixed awaiting the outcome of the Fed meeting while European stocks rose higher also awaiting the Fed decision and a Scottish independence vote. - US stocks jumped on news of China stimulating its economy and expectations the Fed will release a dovish policy statement.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT 18TH SEPTEMBER 2014

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK rose, recovering from nearly 2- 1/2-week lows hit in the previous session, as hopes the US Fed Reserve would keep its stimulus measures boosted exporters such as Infosys and other blue chips.
 Further, Apollo Tyres rose 2.91%, after the company said that it is undertaking an exercise to rescue operations of its South African arm.
 Eros International Media gained 2 percent after rival Shemaroo Entertainment Pvt's IPO is seen pricing at higher multiples.
GLOBAL FACE
 Asian stock markets turned mixed, as investors awaited the conclusion of a highly anticipated Federal Reserve meeting later in the day.
 European stocks were higher, as investors awaited the outcome of the Federal Reserve's two-day policy meeting, as well as an upcoming vote on Scottish independence.
 U.S. stocks market jumped up on news China will stimulate its economy as well as on sentiments that the Federal Reserve will release a more dovish-than-expected policy statement.
INDICES
CLOSE
PREVIOUS
SENSEX
26631.29
26493.20
NIFTY
7975.50
7932.90 ASIAN MARKET
INDICES
CLOSE
PREVIOUS
NIKKEI
15888.67
15911.53
HANG SENG
24376.41
24136.01
KOSPI
2062.61
2042.92 SECTORIAL INDICES
INDICES
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CHANGE (%)
CNX 100
7923.50
0.55
S&P CNX 500
6442.50
0.49
CNX MIDCAP
11576.45
0.63
CNX 200
4075.40
0.54
BANK NIFTY
15838.60
-0.03 TOP GAINERS
SCRIPT
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CHANGE (%)
TATA POWER
85.60
2.45
INFY
3740.00
2.43
DRREDDY
3080.00
2.33
BHEL
220.70
2.22 TOP LOSERS
SCRIPT
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CHANGE (%)
JINDAL STEEL
213.65
-2.13
BPCL
637.25
-1.96
CIPLA
609.00
-1.73
COAL INDIA
339.85
-1.34

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
7860
7914
7944
7967
7998
8021
8075 NIFTY SUPPORT RESISTANCE
S1-7925
R1-7990
S2-7860
R2-8045 BANK NIFTY FUTURE TREND STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
15623
15762
15808
15901
15947
16040
16179 BANK NIFTY SUPPORT RESISTANCE
S1-15810
R1-15995
S2-15660
R2-16230
SCRIPT
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CHANGE (%)
TCS
2591.20
1.58
RELIANCE
988.65
0.94
ITC
354.75
0.45
INFY
3741.05
2.46 MARKET MOVERS DOWNSIDE
SCRIPT
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CHANGE (%)
ONGC
407.55
[0.29]
COAL INDIA
339.35
[1.48]
HDFC BANK
846.40
[0.54]
SBI
2562.35
[0.03] FII & DII ACTIVITY
INSTITUTION
NET BUY (CR.)
NET SELL (CR)
FII
5200.31
5007.75
DII
2090.20
1624.59 NSE TOTALS
INDICES
ADVANCES
DECLINES
NIFTY
34
16
BANK NIFTY
6
6

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report r MARKET TALKS
downgraded the stock to reduce from neutral rating, citing valuation to be expensive.The brokerage has price target on the stock at Rs 569, implying 9.7% potential downside.
 ONGC slumps 3% on divestment plan
Shares of Oil and Natural Gas Corporation dipped 3%, extending its three-day’s fall, after the government cleared 5% disinvestment in oil major. On September 10, the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, had cleared the ONGC stake sale proposal.
 Cairn India stock up 3% on declaring interim dividend
Shares of Cairn India Limited was up 3% after the company declared interim dividend and announces three new oil discoveries in Rajasthan block. Three new oil discoveries have been made in Block RJ-ON-90/1, taking the total number of discoveries in the block to date to 36.
 Apollo Hospitals to acquire Hetero Med Solutions
Apollo Hospitals Enterprise Limited has entered into an MoU with Hetero Med Solutions Limited for the acquisition of its retail pharmacy stores currently operated in Telengana, Andhra Pradesh and Tamilnadu.The acquisition would be in the form of purchase of the business undertaking, on a slump sale basis and comprises of 320 pharmacy stores, not exceeding Rs 146 crores.
 Jubilant Food falls 3%, Citi cautious on growth concerns
Citi has retained cautious outlook on Jubilant FoodWorks with a target price of Rs 1195 per share stating that it has run ahead of fundamentals and expectations on near-and even medium-term recovery seem to be high. Cipla dips on brokerage downgrade Shares of Cipla dipped over 2%, after a foreign brokerage
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