The daily equity report from CapitalStars Financial Research provides an overview of the Indian and global stock markets. It summarizes that the Indian markets ended marginally lower led by a 29% drop in DLF shares from a SEBI ruling. Wholesale inflation in India eased to a near five-year low but interest rates are not expected to be cut soon. Overseas, Japanese stocks fell to two-month lows due to concerns about the global economy, while European stocks also declined for the seventh time in 10 sessions.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT 16TH October 2014

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK ended marginally lower after realty major DLF plunged nearly 29%, recording its highest single-day after market regulator SEBI barred real estate major and six of its top executives, including Chairman K P Singh, from accessing the capital market for three years.
 Further, India's wholesale price inflation eased to a near five- year low at 2.38% in September, helped by a moderation in food and fuel prices, but the risk of price shocks is expected to prevent the central bank from cutting interest rates soon
 Spice Jet surged in today's trade to end over 4% higher as the budget carrier’s operating performance improved with higher revenue per seat amid reduced capacity.
GLOBAL FACE
 A selloff in global equities sent Japanese stocks skidding to two-month lows on Tuesday as heightened concerns about the health of the world economy unnerved investors, triggering a shift in funds to safe-havens such as U.S. bonds.
 European stocks fell early, losing ground for the seventh time in 10 sessions and tracking steep losses on Wall Street as investors fret about the strength of the global economy.
 US stock index futures poised for a higher opening at the Wall Street on Tuesday
INDICES
CLOSE
PREVIOUS
SENSEX
26,349.33
26,384.07
NIFTY
7,864.00
7,884.25 ASIAN MARKET
INDICES
CLOSE
PREVIOUS
NIKKEI
14,936.51
15,300.55
HANG SENG
23,047.97
23,143.38
KOSPI
1,929.25
1,927.21 SECTORIAL INDICES
INDICES
CLOSE
CHANGE (%)
CNX 100
7,808.95
-0.17
S&P CNX 500
6,339.90
-0.22
CNX MIDCAP
11,269.70
-0.13
CNX 200
4,007.20
-0.22
BANK NIFTY
15,751.55
0.47 TOP GAINERS
SCRIPT
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CHANGE (%)
BHEL
226.65
3.87
AXIS BANK
397.75
2.80
BAJAJ AUTO
2,411.50
2.67
INDUSINDBK
650.80
2.50 TOP LOSERS
SCRIPT
CLOSE
CHANGE (%)
DLF
105.80
-27.98
BPCL
656.00
-2.34
CAIRN
284.20
-1.95
HCL TECH
1,730.85
-1.42

3. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report MARKET MOVERS UPSIDE
NIFTY SPOT TREND STRATEGY
BEARISH
SELL ON HIGH PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
7667
7769
7816
7872
7919
7975
8077 NIFTY SUPPORT RESISTANCE
S1-7840
R1-7930
S2-7790
R2-7980 BANK NIFTY FUTURE TREND STRATEGY
BEARISH
SELL ON HIGH PIVOT POINTS
S3
S2
S1
P
R1
R2
R3
14782
15191
15451
15600
15860
16009
16418 BANK NIFTY SUPPORT RESISTANCE
S1-15570
R1-15900
S2-15340
R2-16300
SCRIPT
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CHANGE (%)
RELIANCE
961.25
0.35
COAL INDIA
344.20
1.00
SBIN
2523.55
1,53
ICICI BANK
1478.05
0.01 MARKET MOVERS DOWNSIDE
SCRIPT
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CHANGE (%)
TCS
2699.20
[0.64]
ONGC
402.15
[1.13]
ITC
347.00
[1.01]
INFOSYS
3918.30
[0.62] FII & DII ACTIVITY
INSTITUTION
NET BUY (CR.)
NET SELL (CR)
FII
2942.08
3636.75
DII
1825.97
1330.45 NSE TOTALS
INDICES
ADVANCES
DECLINES
NIFTY
23
26
BANK NIFTY
9
3

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report r MARKET TALKS
Upgraded its stocks from 'underperform' to 'buy', citing higher volume and average selling prices, and increased contribution from dirt-bike making affiliate KTM.
 Bajaj Fin serv Q2FY15 results: Steady growth in earnings
Bajaj Fin serv reported healthy set of numbers for Q2FY15 as net profits (consolidated) grew by 14% YoY to Rs316 crore. Growth in profits was largely contributed by a strong growth profits from financing business (up 19% YoY) and general insurance business (up 29% YoY).The consolidated revenues grew at 18% YoY to Rs4774 crore. We have a positive outlook on the stock and we will release detailed update shortly.
 Sun TV Network records 52-week low.
Shares of Sun TV Network slipped to a 52-week low of Rs306.15 on account of slowing advertising revenues, increasing competition and overhang of the CBI charge-sheet against the company's promoter. The key growth metric for Sun TV is its advertising business, which accounts for half of its revenues. However, the growth in this pocket has been volatile.
 WPI inflation for September 2014 declines to 2.38%
The WPI for September 2014 declines to 5 year low of 2.38% as against 7.05% (y-o-y) and 3.74% (m-o-m).The decline in WPI inflation was aided by sharp fall in food inflation (3.52% v/s 18.68% YoY) and Fuel & Power Inflation (1.33% v/s 11.72% YoY).Although RBI now focuses more on CPI inflation, this sharp decline in WPI is also positive signal with respect to moderation in inflation rates.
 Bajaj Finance gains 2% on healthy Q2FY15 earnings
Bajaj Finance reported net profits of Rs197.2 crore (up 18% YoY) largely contributed by 27% YoY growth in the net interest income. Bajaj Finance Ltd has announced the following Unaudited Standalone results for the quarter ended September 30, 2014:Net profit up 18.02% at Rs197.15 crore vs. Rs167.04 crore (YoY)Total Income up 28.82% at Rs1241.83 crore vs. Rs963.98 crore (YoY).
 Bajaj Auto gains 2% on rating upgrade.
Bajaj Auto gained around 3% after Bank of America-Merrill Lynch
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