- The daily equity report from CapitalStars Financial Research provides an overview of the performance of the Indian, Asian and European stock markets. - The Indian markets closed higher for the third day in a row led by gains in export-focused companies like TCS. Idea Cellular and Biocon also saw gains. - Asian markets also closed higher while European markets gained after Scotland voted to remain part of the UK. - In the Indian markets, TCS, ITC and Coal India were among the top gainers while ONGC, Reliance and SBI were among the top losers.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT 22ND SEPTEMBER 2014

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK closed with gains for third day in a row, hitting the highest in 1-1/2 weeks, as cash-rich exporters like TCS surged on hopes of being better placed to weather any Fed-related volatility.
 Further, Biocon rose 1.36%, after the company said it sold a 10% stake in its research services arm, Syngene International, to Silver Leaf Oak (Mauritius) for Rs380 crore.
 Idea Cellular rose 3.06%, after index provider FTSE reportedly raised the weightage of the stock in its indexes.
GLOBAL FACE
 Asian stock markets higher with the yen hitting a more than six-year low against the dollar, as investors' focus shifted to a referendum on Scottish independence and the debut of China's Alibaba Group Holding in New York.
 European stocks were higher, after Scotland voted to remain in the U.K. in an independence referendum.
 U.S. stocks market gains as investors applauded a Federal Reserve decision to keep benchmark interest rates low for some time to ensure the economy continues to strengthen.
INDICES
CLOSE
PREVIOUS
SENSEX
27090.42
27112.21
NIFTY
8121.45
8114.75 ASIAN MARKET
INDICES
CLOSE
PREVIOUS
NIKKEI
16321.17
16067.57
HANG SENG
24306.16
24168.72
KOSPI
2053.82
2047.74 SECTORIAL INDICES
INDICES
CLOSE
CHANGE (%)
CNX 100
8062.80
-0.04
S&P CNX 500
6561.65
0.03
CNX MIDCAP
11731.75
-0.60
CNX 200
4146.90
-0.04
BANK NIFTY
16152.15
-0.03 TOP GAINERS
SCRIPT
CLOSE
CHANGE (%)
ZEEL
313.80
2.40
TCS
2700.00
2.18
HCL TECH
1669.05
1.96
GRASIM
3675.95
1.93 TOP LOSERS
SCRIPT
CLOSE
CHANGE (%)
JINDAL STEEL
210.00
-4.96
LT
1538.00
-2.30
SBIN
2564.00
-2.15
DLF
171.80
-2.00

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
8018
8073
8097
8129
8153
8184
8240 NIFTY SUPPORT RESISTANCE
S1-8110
R1-8160
S2-8015
R2-8180 BANK NIFTY FUTURE TREND STRATEGY
BULLISH
BUY ON DIPS PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
15829
15991
16071
16153
16232
16314
16476 BANK NIFTY SUPPORT RESISTANCE
S1-15820
R1-16230
S2-15660
R2-16340
SCRIPT
CLOSE
CHANGE (%)
TCS
2714.20
2.72
ITC
359.40
0.2
COAL INDIA
345.80
0.26
INFOSYS
3702.05
0.14 MARKET MOVERS DOWNSIDE
SCRIPT
CLOSE
CHANGE (%)
ONGC
404.00
[2.39]
RELIANCE
995.45
[0.94]
SBI
2568.00
[2]
BHARTI AIRTL
414.95
[0.23] FII & DII ACTIVITY
INSTITUTION
NET BUY (CR.)
NET SELL (CR)
FII
5200.31
5007.75
DII
1671.65
1587.20 NSE TOTALS
INDICES
ADVANCES
DECLINES
NIFTY
26
24
BANK NIFTY
5
7

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report r MARKET TALKS
centre in North Carolina in the US, creating an additional 1,237 jobs by the end of 2018.
 Tech Mahindra surges on deal with Bosch
Tech Mahindra rose over 2%, after the company announced that it will work with Bosch Software Innovations to develop an ecosystem to offer solutions for smart cities with billions of things inter- connected via the Internet. By 2022, about 14 billion devices are expected to be connected directly or indirectly with the Internet.
 Kotak Mahindra Bank surges after AMC unit buys schemes
Kotak Mahindra Bank rose over 2% after the bank said that its asset management subsidiary will acquire domestic schemes of PineBridge Mutual Fund. Kotak Mahindra Asset Management Company, a wholly-owned subsidiary of Kotak Mahindra Bank, has executed definitive agreement to acquire the domestic schemes of PineBridge Mutual Fund (PBI MF), subject to regulatory approvals.
 ONGC eyes idle assets from Panna- Mukta-Tapti JV for Daman development
Oil & Natural Gas Corporation will take over abandoned assets in the Panna-Mukta-Tapti field from its joint venture partners RIL and BG India once production from Tapti falls to zero. This will not only save RIL and BG India the cost of dismantling the infrastructure, but also help ONGC which can use these assets to advance the deadline for production of gas from the upcoming Daman field.
 Idea surges after FTSE hikes weightage
Idea Cellular rose over 5%, after index provider FTSE reportedly raised the weightage of the stock in its indexes. FTSE raised Idea Cellular's investability weighting in its indexes to 40% from 24%. Changes will be effective on September 22, 2014.
 HCL Tech plans to invest $9 million in North Carolina centre
HCL Technologies plans to expand its existing global delivery
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